What Account Types and Fees Does TopFX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Growth Account |
Beginners |
Low spreads starting from 1.2 pips, no commissions |
Minimum deposit of $5, suitable for small-capital practice |
| Zero Account |
Active traders |
Spreads starting from 0 pips, low commissions |
Ideal for high-frequency trading, requires trading volume qualifications |
| Pro Account |
Experienced traders |
Spreads starting from 0.5 pips, commission-based |
Best for those seeking competitive pricing, higher minimum deposit required |
| Islamic Account |
Muslim traders |
Swap-free, compliant with Shariah law |
Requires proof of faith, suitable for long-term positions |
| Demo Account |
All traders |
Simulates real trading conditions without risk |
Available for practice, no real funds required |
Account Opening Process
Opening an account with TopFX is a straightforward process designed to ensure security and compliance. Follow these steps to get started:
1. Personal Information: Sign up and create your account by providing your full name, email, phone number, date of birth, and residential address.
2. Employment and Financial Information: Complete the required trader profile and experience questionnaire during the registration process.
3. Identity Verification: Upload a government-issued ID and proof of address (like a utility bill) to verify your identity.
4. Account Flexibility: After initial setup, you can upgrade to a professional account if you meet the necessary trading volume qualifications.
5. Funding: Once your account is verified, fund it securely and start trading.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Competitive rates for GBP pairs |
| CFDs (Stocks) |
0.1 |
$0.10 per share |
Varied depending on stock |
| CFDs (Indices) |
1.0 |
$0 |
Low fees for index trading |
| CFDs (Commodities) |
2.0 |
$0 |
Includes energy and metals |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
TopFX maintains transparency in its cost structure, including:
– Deposit/Withdrawal Fees: No fees for deposits or withdrawals; however, third-party charges may apply.
– Inactivity Fees: Charges may apply for accounts inactive for an extended period.
– Platform Usage Fees: None applicable; trading platforms are free to use.
– Overnight Interest (Swap Rates): Applicable on positions held overnight, varying by account type.
– Currency Conversion Fees: May apply when trading instruments in currencies other than the account currency.
