Written by ForexBrokers.com
In this head to head comparison of FXGT.com vs TopFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXGT.com, established in 2019, and TopFX, founded in 2010, are both online brokers not listed on any stock exchange nor affiliated with banking institutions. ForexBrokers.com evaluates trust levels based on licensing and each broker's Trust Score. FXGT.com and TopFX both hold one Tier-1 license, marking them as highly trusted in this regard. However, FXGT.com has an additional Tier-2 license, which TopFX lacks, indicating a slight edge in regulatory confidence.
When it comes to ForexBrokers.com's Trust Score, which ranges up to 99, FXGT.com scores a 69, placing it within the high-risk category. Meanwhile, TopFX earns a Trust Score of 67, similarly categorized. Although both brokers share comparable trust scores and are not publicly traded nor associated with banks, these subtle differences in licensing reflect slight variations in their regulatory standings.
| Feature |
FXGT.com
|
TopFX
|
|---|---|---|
| Year Founded | 2019 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
FXGT.com has been rated 3.5 out of 5 stars for commissions and fees, placing it at rank 55 out of 62 brokers according to ForexBrokers.com. Unfortunately, specific average spread data for FXGT.com is not available, which may make the assessment of its overall cost slightly challenging for potential traders. As a result, potential clients might find it beneficial to directly contact FXGT.com for more detailed information on the spreads and any other associated fees.
In comparison, TopFX offers a clear and straightforward fee structure with two types of accounts available: the ZERO account and the RAW account. The ZERO account is commission-free but comes with higher spreads, averaging 1.03 pips on the EUR/USD pair as of July 2024. On the other hand, their RAW account charges a commission of 2.75 EUR per side, equating to 5.50 EUR per round turn standard lot, with an all-in cost of approximately 0.88 pips. This pricing is competitive and aligns with the industry average. The RAW account is a suitable choice for those who prefer lower spreads and don't mind paying a predictable commission per trade.
Overall, TopFX scores a 4-star rating out of 5 for its commissions and fees and is ranked #40 out of 62 brokers by ForexBrokers.com. For traders who consider cost efficiency a priority, TopFX may present a more appealing option than FXGT.com, especially when considering its competitive pricing and transparency. TopFX's ability to clearly outline the differences in costs between its account offerings helps potential investors make more informed decisions.
| Feature |
FXGT.com
|
TopFX
|
|---|---|---|
| Minimum Deposit | $5 | Depends on payment method |
| Average Spread EUR/USD - Standard | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investments available, both FXGT.com and TopFX allow traders to dive into the world of forex through Contracts for Difference (CFDs) or spot contracts. FXGT.com offers a selection of 117 tradeable symbols with 53 forex pairs, while TopFX provides access to 655 tradeable symbols, including 60 forex pairs. Both brokers extend the opportunity to engage in copy trading and cryptocurrency derivatives, ensuring flexibility in trading strategies. However, neither brokerage offers direct access to buying physical cryptocurrencies or exchange-traded securities on U.S. or international exchanges.
Despite similarities, TopFX edges slightly ahead in terms of the breadth of investment options, earning a commendable 3.5 stars out of five compared to FXGT.com's three stars. According to ForexBrokers.com, TopFX ranks 46th out of 62 brokers for its range of investments, while FXGT.com trails at rank 60. This indicates that while both platforms cater to fundamental trading needs, TopFX provides a broader scope for investors seeking diverse opportunities.
| Feature |
FXGT.com
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 117 | 655 |
| Forex Pairs (Total) | 53 | 60 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
FXGT.com and TopFX both offer a comprehensive selection of trading platforms and tools suitable for various traders. Both brokers provide access to MetaTrader 4, with FXGT.com going a step further by also offering MetaTrader 5, giving users a more extensive range of options. Despite neither having proprietary platforms, both support web-based trading as well as Windows desktop downloads, making them accessible and versatile. They also cater to traders interested in copy trading capabilities, although neither broker supports DupliTrade or ZuluTrade. Users looking to test strategies risk-free will appreciate the free virtual demo accounts available at both FXGT.com and TopFX.
When it comes to charting tools, FXGT.com offers an advantage with 23 drawing tools compared to TopFX's 15. However, TopFX provides more columns, or fields, for watch lists, with a setup of 7 fields against FXGT.com's 5, which could appeal to traders who prefer a more detailed overview. Despite these differences, both platforms allow trading directly from charts, which can streamline trading operations. Both brokers rate four out of five stars for their trading platforms and tools, though ForexBrokers.com ranks TopFX slightly higher in this category, placing it at #44 out of 62 brokers, while FXGT.com lands at #56.
| Feature |
FXGT.com
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 23 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FXGT.com and TopFX both offer mobile trading apps for iPhone and Android, equipped with a range of features to cater to traders on the go. Both apps provide essential capabilities like price alerts, the ability to draw trendlines, and multiple time frame views, meeting the needs of users looking for comprehensive charting tools. Users can also save their drawings and set up watchlists with real-time quotes in both apps, ensuring seamless tracking and analysis of their portfolios. Notably, FXGT.com offers watchlist symbol syncing, allowing changes made in the app to automatically update across other devices linked to the user's online account, a convenience that TopFX does not support.
In terms of trading app ratings, TopFX slightly edges out FXGT.com with a rating of 4 stars versus FXGT.com's 3.5-star evaluation. When comparing overall ranks among 62 online brokers, TopFX also holds a higher position, coming in at #51, while FXGT.com trails behind at #58 according to ForexBrokers.com. Despite their shared features, these differences in ratings might influence traders considering stability and reputation in choosing between the two brokers for their mobile trading needs.
| Feature |
FXGT.com
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of FXGT.com and TopFX, both brokers have unique strengths and weaknesses. Neither FXGT.com nor TopFX provides daily market commentary, but their approach to forex news varies significantly. FXGT.com does not supply news updates from prestigious sources like Bloomberg or Reuters, while TopFX does, giving it an edge in providing comprehensive news coverage. In terms of technical analysis tools, TopFX offers solutions from well-regarded companies like Autochartist and Trading Central, but FXGT.com lacks these resources. Both platforms, however, offer a sentiment-based trading tool, which aids traders in understanding current market trends, along with providing an economic calendar to keep track of global economic events.
Although FXGT.com and TopFX share a similar three-star rating for research, their standings with ForexBrokers.com differ. FXGT.com is ranked 56th, slightly ahead of TopFX at 59th. Neither broker provides market research tools from TipRanks or Acuity Trading, but the distinctions in news expertise and technical analysis resources highlight how each broker can cater to different trader needs. In essence, traders seeking in-depth forex news and technical analysis resources might lean towards TopFX, while FXGT.com might appeal to those interested in sentiment-based tools and economic event tracking.
| Feature |
FXGT.com
|
TopFX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources geared towards beginners, both FXGT.com and TopFX fall short of providing a comprehensive learning experience. Neither platform offers a collection of at least 10 educational materials such as articles, videos, or archived webinars that focus specifically on forex or CFDs. Additionally, both brokers lack regular online educational client webinars and do not provide a searchable archive of recorded sessions for future reference. For traders seeking beginner-focused educational videos, neither FXGT.com nor TopFX meets the mark, as they do not offer a suite of materials tailored to newcomers in the trading world.
Despite their shortcomings in overall educational offerings, FXGT.com does provide an investor dictionary featuring over 50 investing terms, a resource absent from TopFX. Both brokers share a three-star rating for education services, reflecting their room for improvement. In a broader industry ranking by ForexBrokers.com, FXGT.com holds the 59th position out of 62 brokers in the education category, while TopFX is close behind at 60th. If you are a beginner seeking a comprehensive educational platform, you might want to explore other options beyond FXGT.com and TopFX.
| Feature |
FXGT.com
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FXGT.com is better than TopFX. FXGT.com finished with an overall rank of #58, while TopFX finished with an overall rank of #61.
FXGT.com is a plain vanilla MetaTrader-only broker offering a narrow range of markets alongside a decent number of crypto CFDs and platform plugins. This broker lacks robust market research and educational resources beyond a few ebooks and some basic sentiment data. FXGT.com’s small number of regulatory licenses brings down its overall Trust Score. It’s also worth noting that, though FXGT.com is regulated in the EU, retail clients are not accepted in that region.
| Feature |
FXGT.com
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 69 | 67 |
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Both FXGT.com and TopFX provide options for trading cryptocurrency derivatives but do not offer the ability to purchase actual, delivered cryptocurrencies.
FXGT.com provides ACH and SEPA transfer options, along with Visa, Mastercard, and bank wire deposit and withdrawal methods, while TopFX supports PayPal, Skrill, Visa, Mastercard, and bank wire transactions, but does not offer ACH or SEPA transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FXGT.com | TopFX | |
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| Trust Score | 69 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
| Broker Screenshots | FXGT.com | TopFX | |
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| Regulation | FXGT.com | TopFX | |
|---|---|---|---|
| Trust Score | 69 | 67 | |
| Year Founded | 2019 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXGT.com | TopFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FXGT.com | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FXGT.com | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 117 | 655 | |
| Forex Pairs (Total) | 53 | 60 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FXGT.com | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXGT.com | TopFX | |
|---|---|---|---|
| Minimum Deposit | $5 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FXGT.com | TopFX | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FXGT.com | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 23 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXGT.com | TopFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FXGT.com | TopFX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FXGT.com | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FXGT.com | TopFX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | TopFX Review |
| Overall | FXGT.com | TopFX | |
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| Trust Score | 69 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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