Written by ForexBrokers.com
In this head to head comparison of XTB 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.
XTB, established in 2002, stands out as a highly trusted online broker with a Trust Score of 96 according to ForexBrokers.com. It is publicly traded and holds two Tier-1 and two Tier-2 licenses, which speak to its strong regulatory standing. Although XTB is not a bank, its regulatory framework and high trust score make it a popular choice for investors seeking stability and transparency in the trading process.
TopFX, founded in 2010, carries a Trust Score of 67, indicating a higher risk rating compared to XTB. Unlike XTB, TopFX is not publicly traded and holds only one Tier-1 license, with no Tier-2 licenses. This narrower regulatory backing may influence investor perception. Both brokers are non-banking institutions, yet XTB's broader licensing and higher trust score provide a more reassuring option for those concerned about regulation and trust.
| Feature |
XTB
|
TopFX
|
|---|---|---|
| Year Founded | 2002 | 2010 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When it comes to comparing XTB and TopFX for their commission and fee structures, both brokers offer distinct account types that cater to different trading preferences. XTB provides a Standard account with spread-only pricing and a Professional account initially designed for those meeting professional criteria in the U.K. and Europe. However, the Professional account is currently being phased out, making the Standard account more accessible for most. The average spread for EUR/USD with XTB is 1 pip, aligning with the industry average, but their competitive edge is less pronounced compared to the frontrunners. XTB also introduces an active trader program, dubbed the Lower Spread Group, offering discounts ranging from 5% to 30% based on trading volumes, thus fostering competitive pricing for frequent traders. XTB earns a 4.5-star rating and ranks 11th out of 62 brokers in commissions and fees according to ForexBrokers.com.
TopFX, on the other hand, offers two choices: the spread-only ZERO account and the commission-based RAW account. TopFX charges a commission of 2.75 EUR per side for the RAW account, which, when combined with the average spread of 0.33 pips for EUR/USD, brings the all-in cost to roughly 0.88 pips in July 2024, an average rate in the industry. The ZERO account is commission-free but features a slightly higher EUR/USD average spread of 1.03 pips, also for July 2024. This dual approach lets traders select between straightforward spread-based trading or a commission-plus-spread model. TopFX garners a 4-star rating and stands at 40th place in the same ForexBrokers.com ranking for commissions and fees.
In summary, XTB and TopFX each present appealing options for traders, with XTB providing active trader discounts and maintaining competitive spreads for its Standard account, while TopFX offers flexibility between spread-only and commission-based accounts. Their respective ratings and rankings highlight XTB's slightly more favorable position in terms of costs, holding a higher star rating and a better ranking than TopFX.
| Feature |
XTB
|
TopFX
|
|---|---|---|
| Minimum Deposit | $0 | Depends on payment method |
| Average Spread EUR/USD - Standard | 1.00 | 1.03 |
| All-in Cost EUR/USD - Active | 1.00 | 0.88 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When evaluating the range of investments offered by XTB and TopFX, it's clear that XTB provides a more extensive selection for traders. XTB presents a striking array of 7,184 tradeable symbols compared to the 655 symbols available through TopFX. In the realm of forex, XTB offers 71 forex pairs, exceeding TopFX's 60 pairs. XTB also stands out by giving clients access to exchange traded securities from both U.S. and international exchanges, allowing investors to buy shares like Apple and Vodafone directly. Conversely, TopFX does not provide access to such securities.
In the realm of cryptocurrency, both brokers offer trading in cryptocurrency derivatives but do not allow the purchase of actual cryptocurrencies. If you're interested in copy trading, TopFX offers this feature, whereas XTB does not. Given these factors, XTB has earned a superior rating, securing five stars for its Range of Investments, while TopFX receives a 3.5-star rating. On ForexBrokers.com, XTB is ranked 14th out of 62 brokers for its investment range, whereas TopFX is ranked 46th, illustrating XTB's broader and more versatile offer for traders wanting more than just forex trading options.
| Feature |
XTB
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 655 |
| Forex Pairs (Total) | 71 | 60 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
XTB and TopFX both provide simulated trading options through free virtual demo accounts, making it easy for users to practice trading without risk. While XTB offers its own proprietary platform developed in-house, TopFX does not, opting instead for established platforms. Both brokers support trading on a Windows-based desktop as well as through a web-based platform, but only TopFX offers the widely popular MetaTrader 4 (MT4). Neither broker supports copy trading services like DupliTrade or ZuluTrade, although TopFX does offer copy trading functionality.
When it comes to charting, XTB stands out with 32 drawing tools compared to TopFX's 15, although details about their technical indicators are not specified. Both brokers allow users to trade directly from stock charts, enhancing quick and efficient trading actions. XTB provides more customizable watch lists with 8 fields versus TopFX's 7. In terms of ratings, XTB scores slightly higher with 4.5 stars for its trading platforms and tools, and ranks 9th out of 62 brokers on ForexBrokers.com, whereas TopFX holds a 4-star rating and ranks 44th. This distinction underscores XTB's edge in delivering a well-rounded and user-friendly trading experience.
| Feature |
XTB
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | 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) | 39 | 30 |
| Charting - Drawing Tools (Total) | 32 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of XTB and TopFX, both brokers provide apps for iPhone and Android devices, allowing traders to stay connected on the go. They each offer useful features like price alerts for stocks and forex, the capability to draw trend lines on charts, and multiple time frame views to suit various trading strategies. Furthermore, both apps allow the creation of watchlists with real-time quotes, ensuring users are always up to date with market movements. However, neither XTB nor TopFX offers the convenience of syncing watchlist symbols between the mobile app and the online account. Despite this, XTB stands out with 39 technical studies available in its charting tools compared to TopFX's 30.
Delving into the user experience, both mobile apps ensure that any drawings made on charts are automatically saved, preventing any loss of valuable analysis. In terms of user ratings, XTB edges ahead with a rating of 4.5 stars, compared to TopFX's 4 stars. This distinction is mirrored in their rankings by ForexBrokers.com, where XTB holds the 8th position out of 62 brokers, while TopFX is ranked 51st. Overall, while both trading apps provide similar fundamental features, XTB’s app garners higher praise and a more favorable ranking, making it a preferable option for those prioritizing mobile trading capabilities.
| Feature |
XTB
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 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 it comes to market research offerings, XTB outshines TopFX in several key areas. XTB provides daily market commentary and relies on top-tier sources like Bloomberg, Reuters, and Dow Jones for forex news. Although both XTB and TopFX offer sentiment-based trading tools and comprehensive economic calendars, XTB's research is rated higher overall. The broker scores an impressive five stars for research, ranking #7 out of 62 brokers according to ForexBrokers.com. In contrast, TopFX earns three stars and ranks #59, despite offering advanced tools from Autochartist and Trading Central that XTB does not.
While both brokers excel in some areas, XTB's higher ratings suggest it might be better suited for traders looking for consistent and high-quality market insights. XTB's strength in daily commentary and trusted news sources appears to resonate well with its users. In contrast, TopFX offers unique analysis tools that could attract traders interested in technical and fundamental analysis, though it falls short in overall research quality compared to XTB.
| Feature |
XTB
|
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 comparing the educational resources available for beginners at online brokers XTB and TopFX, XTB clearly stands out. XTB provides a well-rounded educational experience with a wide variety of resources such as articles, videos, and archived webinars, all focused on forex and CFDs. Beginners can benefit from the regular monthly online webinars, which are also archived for easy access anytime. Furthermore, XTB offers specialized educational content tailored both for beginners and advanced traders, ensuring a comprehensive learning journey for traders at any stage. In contrast, TopFX lacks these features, offering fewer options for newcomers looking to deepen their understanding of trading.
Without an extensive collection of educational materials, TopFX doesn't match the offerings of XTB when it comes to fostering knowledge for beginners. While both brokers do not provide an investor dictionary, XTB's educational offerings and support structure have earned it a high rating of five stars in Education, and it is ranked 11th out of 62 brokers by ForexBrokers.com. TopFX, however, receives a lower rating, with three stars and a 60th place ranking in the same category. For beginners seeking a broker with a strong emphasis on education and growth, XTB proves to be a more resourceful choice compared to TopFX.
| Feature |
XTB
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that XTB is better than TopFX. XTB finished with an overall rank of #7, while TopFX finished with an overall rank of #61.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 67 |
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Both XTB and TopFX do not offer the option to buy actual delivered cryptocurrency, but they do provide the ability to purchase cryptocurrency derivatives.
Both XTB and TopFX provide convenient options for funding and withdrawing from trading accounts, including PayPal, Skrill, Visa or Mastercard, and bank wires, but neither supports 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 | XTB | TopFX | |
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| Trust Score | 96 | 67 | |
| Winner | check_circle | ||
| Review | XTB Review | TopFX Review |
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| Regulation | XTB | TopFX | |
|---|---|---|---|
| Trust Score | 96 | 67 | |
| Year Founded | 2002 | 2010 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | XTB | 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | XTB | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XTB | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 655 | |
| Forex Pairs (Total) | 71 | 60 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | XTB | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 1.03 | |
| All-in Cost EUR/USD - Active | 1.00 | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | TopFX | |
|---|---|---|---|
| Minimum Deposit | $0 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | XTB | TopFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | 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 | XTB | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 39 | 30 | |
| Charting - Drawing Tools (Total) | 32 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | 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 | 39 | 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 | XTB | 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 | XTB | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | XTB | 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 | XTB Review | TopFX Review |
| Overall | XTB | TopFX | |
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| Trust Score | 96 | 67 | |
| Winner | check_circle | ||
| Review | XTB Review | TopFX Review |
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