Trade Forex & CFDs with TopFX in Malaysia
TopFX Markets Limited, founded in 2010, serves clients in Malaysia on cTrader, MetaTrader 4 and MetaTrader 5, with EUR/USD spreads from 1.2 pips on Growth, 0.5 on Pro and 0.0 on Zero, leverage up to 1:2000 on six major pairs, and no account‑level minimum - the real entry threshold is set by payment method, from 50 EUR by card.
Open TopFX AccountNo account‑level minimum; funding starts at 50 EUR by card or e‑wallet, 100 USD by SWIFT.
set per symbol (1:200 on gold, 1:10 on energies).
Across 9 markets, including synthetic and turbo indices.
TopFX's licence, entity and market access
TopFX accepts traders from Malaysia through TopFX Markets Limited, a BVI company (no. 2116078) holding FSC BVI licence SIBA/L/23/1161 as stated by the broker (this site has not verified it in the BVI FSC register). Account currencies are USD and EUR only, so no MYR account currency is offered. Malaysia is not on the broker's 23‑country excluded list; the broker's account files name its Seychelles and BVI entities as the ones that may onboard clients (the broker's own statement — this site has not verified either register). The broker's own disclosure states that 85.19% of retail investor accounts lose money when trading CFDs with this provider.
Why traders choose TopFX
Three account types (Growth, Zero, Pro) all available on cTrader, MetaTrader 4 and MetaTrader 5.
Zero account quotes a 0.0 pip minimum spread on all 40 forex pairs listed in the broker's table.
No minimum deposit is set at account level: the floor comes from the payment method, not the account.
Negative balance protection is written into the Terms of Business, not just marketing copy.
Swap‑free (Islamic) status can be requested on all three account types.
Over 600 instruments across 9 markets, including synthetic indices that trade 24/7.
Growth, Zero and Pro: three accounts, one 0 minimum
| Account | Platform | Spread from | Commission | Best for |
|---|---|---|---|---|
| Growth | cTrader, MT4, MT5 | 1.2 pips on EUR/USD | No commission on forex | Traders who prefer one all‑in spread with no separate commission line |
| Zero | cTrader, MT4, MT5 | 0.0 pips on EUR/USD | charged on forex pairs (rate not published on the current site) | Scalping and automated strategies that need the tightest raw spread |
| Pro | cTrader, MT4, MT5 | 0.5 pips on EUR/USD | No commission on forex | A middle ground between Growth and Zero |
Growth cTrader · MT4 · MT5
- Spread from
- 1.2 pips on EUR/USD
- Commission
- No commission on forex
- Best for
- Traders who prefer one all‑in spread with no separate commission line
Zero cTrader · MT4 · MT5
- Spread from
- 0.0 pips on EUR/USD
- Commission
- charged on forex pairs (rate not published on the current site)
- Best for
- Scalping and automated strategies that need the tightest raw spread
Pro cTrader · MT4 · MT5
- Spread from
- 0.5 pips on EUR/USD
- Commission
- No commission on forex
- Best for
- A middle ground between Growth and Zero
Where to look next
MetaTrader 5
For a trader who already lives in MetaTrader and needs to know what TopFX does and does not carry there: the mobile‑only footprint, the TopFX‑Live server, and the point where the practice account stops short.
Know morecTrader
Read this one if the instrument list decides the terminal rather than habit: a large part of the TopFX range is quoted on this platform and on no other. Setup, copy trading and automation are covered there.
Know moreLot size and margin
1 lot = 100,000 units, minimum trade 0.01 lots in 0.01 steps, maximum 100 standard lots per position. The broker's own documents disagree about the level at which a losing position is closed, and the page sets both versions side by side - read it before sizing.
Know moreGold trading
XAU/USD starts at 0.24 pips on Growth, 0.13 on Pro and 0.04 on Zero, with leverage fixed at 1:200 - not dynamic. XAUEUR runs 1:100, XAGUSD 1:10, XPTUSD and XPDUSD 1:20, five metals in total. Gold opens 1:01 Monday and closes 23:57 Friday, an hour after the forex week starts at 00:01 EET.
Know moreGetting started, step by step
Start with the terminals, because that choice decides what you are able to trade at all: cTrader carries the widest slice of the range, while MetaTrader 5 is the least fully documented of the three.
Size the risk first on lot size and margin - 1 lot = 100,000 units, minimum trade 0.01 lots, maximum 100 standard lots per position.
Gold trading covers XAU/USD from 0.24 pips on Growth at fixed 1:200 leverage, one of 5 metals.
Trading trends works through the 40 forex pairs in the live spread table and the index CFDs quoted from 0.4 on US 500 up to 4.1 on SPAIN 35.
Before funding, read how to open an account (the BVI route, USD and EUR only).
Then login and customer service for day‑to‑day contact.
TopFX Malaysia — quick verdict
What holds up
- Three account types — Growth, Zero and Pro — all run on cTrader, MetaTrader 4 and MetaTrader 5.
- The account‑level minimum is 0, and pricing is published pair by pair (EUR/USD from 1.2 / 0.0 / 0.5 pips, XAU/USD from 0.24 / 0.04 / 0.13).
- Leverage reaches 1:2000 on 6 major pairs and 1:1000 on 13 more.
- Negative balance protection is stated per client under clause 17.4.
- Swap‑free status is available on request to the broker's support for Forex, Energies, Metals, Indices and Shares.
- TopFX is absent from both the SC Investor Alert List (1,961 entries) and the BNM Financial Consumer Alert (614 rows), checked 2026‑09‑04 with working positive controls.
- Malaysia is also absent from the 23 excluded countries in the account rules.
Where it falls short
- There is no Malaysian ringgit: account currencies are USD and EUR only, and the broker's published deposit and withdrawal method lists, read on 2026‑09‑04, contain zero mentions of MYR, FPX, DuitNow, Touch 'n Go, Maybank or CIMB.
- A MYR balance has to be converted on the way in and again on the way out, on top of a withdrawal processing fee the broker states may range 1.5%–5% depending on the payment provider.
- The Zero commission per lot is not published anywhere on the current site — the only figure that ever existed is an archived 19.05.2025 page quoting $2.75 per side per lot on the retired RAW account.
- The broker's own pages also disagree with each other: 40 forex pairs in the table against a 60+ claim, 2 crypto CFDs quoted (BTCUSD spread 34, ETHUSD 3.5) against a promise of 20, execution given as below 20 ms, below 25 ms, within 30 ms and under 30 ms, and close‑out levels of Margin Call 50% / Stop Out 20% on the account pages against clause 11.24, which allows closing from 60% and automatic close‑out at 35% on MetaTrader 4/5 or 30% on cTrader.
- Add a monthly inactivity fee of 5 USD/EUR/GBP/CHF (600 JPY) after 90 days without activity, a 300‑second minimum interval between opening and closing a trade, no Malay interface (en, ar, es only).
- The broker's own disclosure states that 85.19% of retail investor accounts lose money trading CFDs with this provider. This is broadly in line with the high loss rates typically reported across the online CFD trading industry.
None of this has to be taken on faith. The Cyprus entity and the third countries it notified, Malaysia among them, are published in the CySEC public register, and the product itself is described neutrally in this explainer on contracts for difference.
Frequently asked questions
What is the minimum deposit at TopFX?
The minimum is set by the payment method, not the account type, which shows minDeposit 0: 50 EUR or equivalent for Visa, Mastercard, Apple Pay, Google Pay, Skrill and Neteller; 100 EUR for SEPA; 100 USD for SWIFT. A bank transfer below 100 EUR or 100 USD is returned.
Can I deposit in MYR or pay with FPX, DuitNow or Touch 'n Go?
No. The broker's own published lists of deposit and withdrawal methods carry no FPX, Touch 'n Go, Boost, GrabPay, ShopeePay, DuitNow, Maybank, CIMB, MYR, Ringgit or Malaysia, and the top-my.com contour has no deposit or withdrawal pages of its own (404). Accounts are held in USD or EUR only, and no MYR account currency is offered.
Which regulators cover TopFX, and is it on any Malaysian warning list?
Three entities exist: TopFX Markets Limited (BVI, SIBA/L/23/1161 as stated by the broker (this site has not verified it in the BVI FSC register)), TopFX Global Ltd (Seychelles, reg. 8424819‑1, FSA licence SD037 as stated by the broker (this site has not verified it in the Seychelles FSA register)) and TopFX Ltd (Cyprus, CySEC 138/11 of 19/04/2011, reg. HE 274180), the last of which states it does not offer services to retail clients and individual investors. Checks against the SC Investor Alert List (1,961 entries) and the BNM Financial Consumer Alert (614 rows) returned zero matches.