TopFX licences

WIKILIX's scam investigation, published on 6 November 2026, rates TopFX high risk, with medium confidence. It finds a genuine, licensed group rather than a clone, but notes that retail accounts sit with TopFX Global Ltd in Seychelles, that Japan's Kanto Local Finance Bureau warned that company on 23 July 2025 for soliciting derivatives trades in Japan without registration, and that client reviews from July to October 2026 describe profits cancelled and accounts closed after profitable trading. This is a risk assessment, not a finding of fraud by a court or a regulator.

Email the completed Complaint Form to compliance.global@topfx.com, which clause 27.3 of TopFX Global Ltd's Terms of Business names as the only route for an official complaint. The company says it acknowledges a complaint in writing within two business days and aims to resolve it within 21 business days, telling the client if it needs more time.

Clause 27 names no outside dispute body, and disputes go to the courts of Seychelles. A statement of account becomes final and binding unless the client objects in writing within two business days of receiving it (clause 20.2).

Yes, on cTrader only. Under TopFX Global Ltd's Terms of Business, a client can follow up to 20 funded strategies with at least 50 USD in each, and the company may stop the copying if the limit is exceeded or a strategy falls below 50 USD.

In effect, no. TopFX Global Ltd's Terms of Business set a minimum of 300 seconds between opening and closing a trade, and clause 28.6 lists suspected scalping among the abusive trading for which the company may end the agreement immediately and reverse or cancel all previous transactions. Scalping can also be grounds for refusing a swap-free account.

Yes, per client rather than per account. Under clause 17.4 of TopFX Global Ltd's Terms of Business, the company may clear a negative balance on one account with funds from the client's other accounts.

It can. TopFX Global Ltd's Terms of Business allow a 5% commission on a withdrawal when the client has not traded since depositing, and a client who deposits and withdraws without making at least one trade pays the full payment-processor fee.

After 90 days without trading, the company may charge 5 USD (or 5 EUR, GBP or CHF, or 600 JPY) per account per month, and after a year with no funding or trading it may charge an annual fee of 25 USD. A balance below 10 USD left when the agreement ends is deducted as fees, and the company may change its fees unilaterally.

TopFX Global Ltd accepts deposits only from a payment method in the client's own name and pays withdrawals back by the same method to the same remitter, possibly only in the currency deposited. Withdrawal requests are processed within the time stated on the broker's website, and the arrival time then depends on the client's bank.

The company may decline or delay a withdrawal until it is satisfied with the client's documents, and clause 32.3 lets it refuse or delay withdrawals whenever it decides that a Specific Event, which can be any event or circumstance outside its control, has occurred.

Yes, but only to clients who cannot use swaps because of their religious beliefs. Under TopFX Global Ltd's Terms of Business, a client applies by email with proof, the company may refuse without giving a reason, and administrative charges may apply on some or all instruments. Clause 10.9 lets the company revoke the swap-free status at any time without explanation and, where it suspects abuse such as carry trades, close all of the client's accounts, nullify all trades and cancel all profits.

TopFX Global Ltd's Terms of Business name MetaTrader 4, MetaTrader 5 and cTrader. On all three, trades are executed at a volume-weighted average price based on the market depth at the moment of execution, and only cTrader shows depth of market.

Copy trading is available only on cTrader.

Not through TopFX Ltd, the CySEC-licensed company. TopFX's EU site, topfx.eu, states that TopFX (Cyprus) Ltd does not offer services to retail clients and individual investors and that its information and contact details are for institutional clients only.

Visitors from the EU who open topfx.com.sc or topfx.com are sent to topfx.eu. Retail accounts on topfx.com.sc are held by TopFX Global Ltd in Seychelles, outside the EU protections attached to TopFX Ltd's CySEC licence.

TopFX Global Ltd, a Seychelles company with registration number 8424819-1, formerly named Fondex Limited, operates the retail website topfx.com.sc and its client portal, and its Terms of Business govern retail accounts. The Seychelles FSA's list of securities dealers names the company with the trade name TopFX and the website topfx.com.sc (checked on 6 November 2026).

The portal also names TopFX Markets Limited, a British Virgin Islands company with registration number 2116078 and its own Terms and Conditions, and Fondex Services Ltd of Limassol, Cyprus (registration number HE 406965) acts as payment agent for TopFX Global Ltd.

TopFX offers CFDs. TopFX Ltd's institutional site says it streams liquidity in more than 80 forex pairs, 14 indices, metals, energies and other CFDs, and its home page also names crypto.

TopFX Global Ltd's Terms of Business, which govern retail accounts, refer to forex, energies and metals. TopFX Markets Limited's Risk Disclosure also covers synthetic indices, CFDs whose prices TopFX generates with a mathematical model and a random-number generator, with TopFX as the only counterparty.

Yes. TopFX's retail client portal states that TopFX does not offer its services to residents of the United States, North Korea, Myanmar and Iran, or of other countries whose own rules prohibit such investment offerings. In the EU, TopFX (Cyprus) Ltd states that it does not offer services to retail clients, and EU visitors to topfx.com.sc are sent to its institutional site.

Japan is not on the portal's list, but WIKILIX's scam investigation records that Japan's Kanto Local Finance Bureau warned TopFX Global Ltd on 23 July 2025 for soliciting Japanese residents without registration.

Yes. The TopFX client portal at login.topfx.com.sc, run by TopFX Global Ltd, has a live chat window and links to the broker's contact page. The Terms of Business name English as the company's official language.

Each TopFX company has its own regulator. TopFX Ltd in Cyprus holds Cyprus Investment Firm licence 138/11 from the Cyprus Securities and Exchange Commission (CySEC), confirmed on CySEC's register on 6 November 2026, but it serves institutional clients only.

Retail accounts on topfx.com.sc are held by TopFX Global Ltd, which the Seychelles Financial Services Authority's list of securities dealers names with the trade name TopFX (checked on 6 November 2026); the list prints no licence number, and SD037 is the number TopFX publishes. TopFX Markets Limited states that it is licensed by the Financial Services Commission of the British Virgin Islands under licence SIBA/L/23/1161.