Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
Founded in 1999, Spreadex is a well-established online broker that holds one Tier-1 license, marking it in the "average risk" category with a Trust Score of 71 according to ForexBrokers.com. Although not publicly traded nor a bank, Spreadex has carved out a niche in the online trading community over the years. This status indicates a moderate level of safety for those considering trading with them.
TopFX, established in 2010, also holds a single Tier-1 license, which suggests a similar level of credibility in terms of regulatory approval. However, its Trust Score stands at 67, classifying it as "high risk." Like Spreadex, TopFX is not publicly traded and does not operate as a bank. Those who choose TopFX should be aware of its lower trust score, which might be a factor to weigh when deciding between these two online brokers.
| Feature |
Spreadex
|
TopFX
|
|---|---|---|
| Year Founded | 1999 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Spreadex offers a competitive structure for its commissions and fees, particularly for traders interested in EUR/USD currency pairs. In January 2024, Spreadex provided an average spread of 0.81 pips, with a notable minimum spread of 0.6 pips that was achieved 60% of the time, making it an attractive choice for cost-conscious traders. Spreadex is rated 4 out of 5 stars for its commissions and fees and ranks #30 out of 62 brokers according to ForexBrokers.com, which reflects a strong position in the industry.
TopFX, on the other hand, presents traders with options tailored to their strategies through its two account types available on MetaTrader and cTrader platforms. The RAW account, which is commission-based, incurs a fee of 2.75 EUR per side, culminating in an all-in cost of approximately 0.88 pips for EUR/USD when combining average spreads with commission. Alternatively, the ZERO account offers commission-free trading but comes with higher average spreads of 1.03 pips for the same currency pair. With a rating of 4 out of 5 stars, TopFX ranks #40 out of 62 brokers on ForexBrokers.com, indicating a solid yet distinct position in the market.
| Feature |
Spreadex
|
TopFX
|
|---|---|---|
| Minimum Deposit | $0 | Depends on payment method |
| Average Spread EUR/USD - Standard | 0.81 | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | 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 available range of investments, Spreadex and TopFX both offer forex trading as CFDs or spot contracts, catering to traders interested in currency markets. However, Spreadex stands out with a significantly larger number of tradeable symbols, offering 10,000 compared to TopFX's 655. For those specifically focusing on forex pairs, TopFX slightly edges out Spreadex with 60 pairs compared to 52, providing a broader selection for forex enthusiasts.
Neither broker offers direct access to U.S. or international exchange-traded securities, such as shares on the NASDAQ or London Stock Exchange. In the realm of cryptocurrency, both brokers offer cryptocurrency derivatives but do not facilitate the purchase of actual digital coins. TopFX differentiates itself by offering copy trading, a feature absent from Spreadex. With a 5-star rating and a #13 rank by ForexBrokers.com for its range of investments, Spreadex is a leader in the category, while TopFX holds a 3.5-star rating and a #46 ranking.
| Feature |
Spreadex
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 655 |
| Forex Pairs (Total) | 52 | 60 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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.
When comparing Spreadex and TopFX for their trading platforms and tools, it's clear that each broker offers unique features tailored to different trading preferences. Spreadex stands out with its proprietary platform developed in-house, providing a web-based interface where users can trade directly from stock charts. However, Spreadex lacks a Windows-based desktop platform and doesn't offer popular trading software like MetaTrader platforms or any copy trading options. Additionally, it does not provide a demo account for new traders, which might be a drawback for those wanting to practice before committing funds. Nonetheless, Spreadex includes a commendable selection of 11 drawing tools for charting and offers 8 customizable columns for watch lists, earning it an overall rating of 4 stars for its trading platforms and tools.
TopFX, on the other hand, caters to traders who prefer well-established platforms like MetaTrader 4, along with a Windows-based desktop download option. It also appeals to those interested in paper trading, as it offers a free demo account for simulated practice. While TopFX lacks a proprietary platform, it supports copy trading, allowing traders to follow and mimic the trades of experienced investors. It provides 15 drawing tools for a robust charting experience and, similar to Spreadex, enables trading directly from stock charts. TopFX's watch list options offer seven columns for customization. Overall, TopFX achieves a 4-star rating in the trading platforms and tools category and is ranked slightly higher at #44, compared to Spreadex's #46.
| Feature |
Spreadex
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 55 | 30 |
| Charting - Drawing Tools (Total) | 11 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Spreadex and TopFX provide mobile trading apps for iPhone and Android users, catering to traders looking for convenient on-the-go trading solutions. Each app offers stock and forex price alerts, along with the ability to create watchlists featuring real-time quotes, which is essential for active traders monitoring the markets. However, neither app offers watchlist symbol syncing, meaning adjustments made in the mobile app will not automatically reflect in the trader's online account. One distinct advantage of the TopFX app is its support for 30 technical studies in charting, whereas Spreadex does not specify the number offered.
When it comes to charting tools, both apps allow users to draw trendlines and view multiple time frames, enhancing the ability to conduct technical analysis. However, only TopFX automatically saves chart drawings, a useful feature for traders who frequently update their charts. Despite these differences, both broker apps receive a solid 4-star rating for mobile trading, indicating a positive user experience overall. Interestingly, Spreadex is ranked slightly higher at #49 compared to TopFX's #51 in ForexBrokers.com's rankings for mobile trading apps, suggesting a slight edge in user satisfaction or app features from this review source.
| Feature |
Spreadex
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research capabilities of Spreadex and TopFX, Spreadex stands out with its daily market commentary and reliable forex news from top-tier sources like Bloomberg and Reuters. TopFX matches Spreadex on the quality of forex news, yet it lacks daily commentary. Both Spreadex and TopFX provide sentiment-based trading tools, giving traders insights into long or short positions on various instruments. Additionally, each broker offers a comprehensive economic calendar to keep traders informed about global news events.
TopFX distinguishes itself by offering advanced technical analysis tools from Autochartist and Trading Central, whereas Spreadex does not. Despite this, Spreadex is rated higher for research with 4 stars compared to TopFX's 3 stars. Moreover, Spreadex ranks #31 out of 62 brokers for research according to ForexBrokers.com, while TopFX ranks #59. This makes Spreadex a preferable choice for traders seeking extensive market research options combined with daily insights.
| Feature |
Spreadex
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | 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 for beginners, Spreadex clearly takes the lead over TopFX. Spreadex provides a rich variety of more than ten educational pieces focused on forex and CFDs, giving beginners ample opportunity to learn. They also offer over ten beginner-focused videos that cover vital trading topics in a straightforward manner. Additionally, Spreadex equips its users with a comprehensive investor dictionary that includes over 50 terms to help demystify the trading world. Although neither Spreadex nor TopFX offers ongoing webinars or advanced educational videos, Spreadex's offerings achieve a commendable four-star rating for education.
In contrast, TopFX falls behind in providing educational content for those just starting their trading journey. Without a sufficient number of beginner or advanced videos and lacking an investor dictionary, TopFX's educational support is more limited. Consequently, TopFX receives a three-star rating for education, placing it near the bottom of rankings at 60 out of 62 brokers. While both platforms have room to grow, Spreadex's commitment to beginner education earns it a higher ranking at 45.
| Feature |
Spreadex
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | 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 Spreadex is better than TopFX. Spreadex finished with an overall rank of #39, while TopFX finished with an overall rank of #61.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 67 |
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Both Spreadex and TopFX provide the facility to trade cryptocurrency derivatives, yet neither offers the ability to purchase actual, delivered cryptocurrencies.
When comparing online brokers Spreadex and TopFX for deposit and withdrawal options, both support Visa/Mastercard and bank wire transactions, but only TopFX allows funding via PayPal and Skrill, with neither offering 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 | Spreadex | TopFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | Spreadex Review | TopFX Review |
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| Regulation | Spreadex | TopFX | |
|---|---|---|---|
| Trust Score | 71 | 67 | |
| Year Founded | 1999 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | 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) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Spreadex | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 655 | |
| Forex Pairs (Total) | 52 | 60 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | Spreadex | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | 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 | Spreadex | TopFX | |
|---|---|---|---|
| Minimum Deposit | $0 | 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 | No | No |
| Trading Platforms | Spreadex | TopFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Spreadex | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 55 | 30 | |
| Charting - Drawing Tools (Total) | 11 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | TopFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Spreadex | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review | TopFX Review |
| Overall | Spreadex | TopFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | Spreadex Review | TopFX Review |
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