TopFX

"Alarm bells ring when it comes to TopFX, a broker whose activities leave a lot to be desired. After having numerous run-ins with discrepancies and manipulations in trading spreads, it left no stone unturned in earning my distrust. One particular encounter stands out from the rest. As I was testing their service using a minimal amount, an event took place that seemed a bit too orchestrated to be a mere incident. During the trading of the EUR interest rate on 25th July, my profit was around $400. I attempted to close, but their platform conveniently froze, leaving my profit hanging in the balance till my account was blown. Merely an unfortunate coincidence, you might think? Well, consider this a cautionary tale and stay away from TopFX, unless experiencing this firsthand is your idea of a joke. TopFX, in my opinion, is far from being an ideal broker. Experiences with their PAMM account still leave a bitter taste, as they would abruptly change the contract rules, open and close positions, and manipulate the market. Their restrictions on opening new positions while allowing only closing, reek of bad business practices. To compound issues, withdrawal of funds from my account was an ordeal. About 20% of my money disappeared mysteriously. It’s as if their motto is to leave you feeling betrayed and swindled. It's not just a personal grudge that I carry. My husband too fell for their lure and was left high and dry. Their unfair mechanisms took a massive toll on our emotional wellbeing, pushing us to the brink of despair. We even sought legal assistance and mulled over exposing their deceitful practices through social media. Their seeming delight in manipulating trades was as clear as day. Their tactics ranged from slashing trade tickets when my position turned positive to denying any chance to alter the stops. I took a stand and withdrew my funds, vowing never to fall for their tricks again. They claim to be an ECN (Electronic Communication Network) broker. But that label means little if the trades get cancelled for being under two minutes or simply when the profits are deemed 'too high'. Clearly, 'customer satisfaction' is not their priority. To anyone considering TopFX, think twice. With issues like slippage of 15-20 pips becoming common, and the persistent server freeze during high-profile news, it's a platform riddled with disappointments. Even a simple task of placing a manual order results in 'Off Quotes' errors. When you're in bed with TopFX, be prepared to lose some sleep. They will lull you into a false sense of security with smooth processes until you start withdrawing money. Then, the true colors shine with forced hikes in spreads, freeze in trades near profits, and sudden unreasonable spikes. If the good reviews about TopFX lure you in, think twice. There's more than meets the eye. To paraphrase Shakespeare, there is something rotten in the state of TopFX."

Unfortunately, my experiences trading with the brokerage service TopFX have been far from agreeable. The service has left me feeling swindled and disregarded, arousing enough concerns for me to file complaints with both the Financial Conduct Authority (FCA) and the Financial Services Authority (FSA) - yet to no avail. TopFX has developed an unsettling proficiency for manipulating trades, as I discovered during multiple trial-and-error efforts using minimum stake amounts. Events were scheduled explicitly, under their control, followed by freezing the platform mid-trade only to reactivate once a financial move had occurred. A prime example of this occurred on July 25 during an EUR interest rate trade. I was in the advantageous position of a $400 profit when the platform froze, causing me to lose control over my investments until my account was depleted. My experience with this purveyor has not been isolated, leading me to the unequivocal conclusion - enter at your peril. It's not just the blatant trade manipulation that rankles, the constant rule-changing and contract manipulation indicate a lamentable lack of integrity. Through my PAMM account, I've noticed surreptitious changes in the contract rules, which has hindered my investment strategy significantly. Worse still, their machinations extended to blocking new position openings, effectively entrapping my funds. After a lengthy and unsatisfactory engagement with TopFX, closing my account became the only option. Shockingly, they skimmed approximately 20% of my balance in the process under the guise of withdrawal fees. Chiillingly, this deceit is not limited to TopFX. My family and I have had a similarly disappointing experience with IQOption, another brokerage whose practices are demonstrably detrimental. The unfair manipulation and the resultant emotional distress, frustration, and anger, have driven me to seek legal assist and considering publicizing the experience through social platforms, encouraging other victims to do the same. In conclusion, TopFX’s business practices exemplify dubious virtue: they manipulate trades, they change rules without notice, they hold your money hostage, they bleed your account dry, and they ignore complaints. If you value your hard-earned money and emotional wellbeing, steer clear of TopFX and avoid becoming entangled in their manipulative web.

Here's a word of advice for those seeking a reliable forex broker; steer clear of TopFX. A sad chronicle of deceit and manipulation is rampant amidst many FCA and FSA complaints. Despite multiple attempts to reach authorities to halter the negatively impacting outcomes, nothing has surfaced. TopFX brokers are skilled puppeteers performing a deceitful strategy by tampering with spreads and subtly altering orders, frequently freezing them during news events. As a result, your once-profitable order is executed post-event; causing irreversible losses. I ran a series of small test trades, only to realize the chilling reality behind this broker's dubious strategies. On July 25th, whilst trading the EUR interest rate, my once-thriving account, boasting a profit of $400, was swiftly depleted. My account was locked, and TopFX predictably froze their platform. It is experiences like these that warn potential traders away from TopFX. Moreover, the broker's business integrity is questionable; their continuous meddling with the PAMM account contract rules and market manipulation is alarming. Open positions were only allowed to close, inhibiting any capability of procuring new positions. The organization's credibility plummets further when it comes to withdrawing funds. Unjustifiably, approximately 20% of my money vanished. A colossal frustration for traders expecting the straightforward process promised by TopFX. Experiences shared from other unfortunate victims of TopFX raise further red flags; life-altering episodes plagued by stress, fabricated truths, and anguish. Hearts are heavy with feelings of betrayal and a general discontent with TopFX's unfair trade practices. Their tactics are deceptively cunning and can turn profitable positions negative. Recall a recent instance where the moment my open position turned positive, they disabled the trade tickets and tabs, thus locking me out of the trade—an act synonymous with scam brokers. ForexMart publicizes itself as an ECN, but its flawed terms and conditions allow trades to be canceled if less than 2 minutes, incriminating traders with unreasonable losses. Such illogical terms and conditions are a menacing red flag worthy of caution. TopFX is a disheartening example of unfettered treachery in the trading world; a hindrance to all traders understandably striving for positive returns. I implore all traders to exercise immense caution when selecting their preferred broker, to avoid falling into the deceptive traps of such deceitful platforms.

Being a seasoned trader, I know all too well the importance of choosing a trustworthy forex broker. In this review, I will share my distressing experience with TopFX, an entity that has swayed my trust far off the path. Entering this precarious world of trading, I was excited yet cautious. I often heard tales about unscrupulous brokers; however, I always believed in "try and see" methodology. My bitter journey with TopFX was marked with deceitful actions such as trade manipulation, unprecedented spread and order freezing. Despite my complaints to FCA and FSA, they fell on deaf ears—an utter disappointment! Let's talk about this notorious art of shifting orders, which I believe, TopFX has mastered. During news events, the moment you place an order, it gets mysteriously frozen. This happens until a significant move takes place, and your previously profitable trade turns into a nightmare. On July 24th, 2021, I found myself in a similar unnerving predicament, unable to close my EUR interest rate position due to their platform freeze. Despite being in $400 profit, I incredulously watched my account vaporize. Another aspect that disconcerted me was the unnerving changes they made with the contract rules of our PAMM account, leading to relentless market manipulation. They rigidly controlled our trading actions by permitting only closing positions. Adding salt to the wound, they made an audacious theft of approximately 20% of my capital during account closure and withdrawal process. However, my plight did not end here. My husband became a victim of IQOption, another questionable broker, which drove our family into deep stress. Compelling proof in the form of videos solidly backs our claims. Per my observations, every time my open position looked promising, they cleverly immobilized the trade tickets/tabs, leaving me helpless. I felt choked with manipulative restrictions, such as the inability to move my stops. Even ForexMart, another company claiming to be ECN, allowed trade cancellations for trades lasting less than 2 minutes. Engaging with Icmarkets.com, an allegedly ASIC regulated company, was another ordeal. Excessive slippage and noticeably slow execution speed during news events became frequent, leading to my account balance dipping into the negative arena. In conclusion, I advise diligent research and caution while selecting a forex broker. Understand that manipulative practices like unexpected spikes, spread increases, and trade freezing are usually markers of an illicit brokerage firm. The treacherous journey with TopFX has served as a chilling reminder that not all that glitters is gold; hence tread carefully!"

In the bustling world of Forex trading, integrity and transparency should be the cornerstones of any reputable broker. Unfortunately, it seems that TopFX Broker is an appalling exception, as it resorts to unethical methods and fraudulent practices that fail to uphold any shred of trust. After enduring an array of displeasing experience with TopFX, I felt compelled to caution others. The broker's insincere practice kicks off with distorting your trades. In my repeated tests, placing an order during news events would lead to a sudden freezing, swiftly followed by the broker executing your order after a significant movement has surfaced. This conniving maneuver effectively blows up your account whilst you're left helpless and frustrated. Furthermore, TopFX intrigues with its uncanny ability to change the contract rules whimsically of PAMM (Percentage Allocation Management Module) accounts. This conduct leaves the market vulnerable to random manipulation, leading to capricious opening and closing of positions. This whimsical behavior extends to blocking the opening of new positions, further hampering your ability to operate efficiently. Additionally, withdrawing from your own account shouldn't feel like pulling teeth. However, with TopFX, you might find a staggering 20% of your money has mysteriously evaporated in the withdrawal process. The underhanded dealings of TopFX echo with other platforms such as JUSTFOREX and iqoption. For instance, iqoption played such manipulative tactics that it caused my family excessive stress, leading to me seeking legal assistance and contemplating public exposure on social media platforms. TopFX takes to manipulating trades to the peak. Its pattern seems to be freezing your trades when they are positive, effectively locking you out. This practice is ingenious in ensuring you're unable to reposition your stakes. The broker unashamedly cancels trades that are less than two minutes and also ones that are too profitable, according to ForexMart’s terms. Very much like icmarkets.com, whose ambiguous ASIC regulation and consistent 15 to 20 pips slippage during high-impact news events leave traders skeptical and broke. In summary, TopFX and similar contemporaries offer nothing but deceitful practices and frustrating experiences. They are of no service to traders, from those who are making a swift entry into the market to the seasoned experts. Rather than helping users to trade, they are only successful in perpetuating the unfair stereotype of mistrust in the forex world. Keep your hard-earned money secured by not falling into their grasp. In a sea of brokers, make sure to choose wisely and steer clear from the ones who rank profit above fairness.