Desk file · 2026 edition · record confidence: medium
TopFX
We opened the file on TopFX the way we open every file: register first, marketing never. Trading since , run out of KSENOS Building, Office 502, Troodous 2, Agios Athanasios, 4105 Limassol, Cyprus, and carrying 2 licence entries on the public record, 0 of them tier-1.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $not verified |
Spread basis. . Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| CySEC | 138/11 | Cyprus | T2 | TopFX Ltd | cysec.gov.cy |
| FSA Seychelles | SD037 | Seychelles | T3 | TopFX Global Ltd | topfx.com |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- The CySEC register lists TopFX Ltd, licence 138/11 issued 19/04/2011, company registration 274180, KSENOS Building office 502, Troodous 2, Agios Athanasios, Limassol.
- TopFX's own promotion-terms PDF states 'TopFX Global Ltd ... is licensed by the Financial Services Authority (FSA) of Seychelles under the License No: SD037'.
- The FSA Seychelles capital-markets register lists TopFX Global Ltd at Office No. A18D, Providence Complex Building, Providence, Mahe, trade name 'TopFX', domain topfx.com.sc.
- A 2021 archived TopFX account page states RAW and ZERO accounts were available on MT4 and cTrader.
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- founded year not verified
- minDeposit and maxLeverage not verified from current own pages
- spreadEurusd not recorded — the RAW account 'from 0.0 pips' is an advertised floor, not a EURUSD figure
- instruments not verified from own pages
- segregatedFunds and negativeBalanceProtection not verified
- account/platform list comes from a 2021 archived own page — the current account range may differ
| Founded | |
| Head office | KSENOS Building, Office 502, Troodous 2, Agios Athanasios, 4105 Limassol, Cyprus |
| Minimum deposit | not verified |
| Leverage cap | |
| EUR/USD | not verified pips |
| Tier-1 entries | 0 |
| Record confidence | medium |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.