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Comparison of TopFX's Account Types - Zero and Raw
How to open an account with TopFX? Check the comparison table here.
TopFX does not offer its services to residents of the United States of America, Japan, North Korea, Iran and other countries whose domestic regulations classify such investment offering as prohibited.
Condition of TopFX’s 2 Account Types
TopFX’s decade-long history of providing liquidity means you get transparent quotes, ultra-low spreads and extremely reliable order execution. Regardless of the account type you choose, TopFX is committed to providing institutional-grade conditions and a fair trading environment at all times.
- Raw Account Type
- Day traders and “scalping” strategy traders often choose this type of account.
- Zero Account Type
- This type of account is generally chosen by novice traders and want spread charges to cover commission rates.
For both types of accounts, TopFX can provide ultra-low spreads and lightning order execution services. Therefore, it is recommended that customers choose the account type according to their personal preferences.
Comparison of TopFX’s Raw and Zero Accounts
See the table below to know the difference of TopFX’s Zero and Raw account types.
| Account Type | Zero | Raw |
|---|---|---|
| Base Currency | USD and EUR | USD and EUR |
| Minimum Spread | 0.0 pips | 0.5 pips |
| Trading Commission | $2.75 per side per lot | None |
| Maximum Leverage | 1:500 | 1:500 |
| Minimum and Maximum Lot Size | From 0.01 to 100 lots | From 0.01 to 100 lots |
| Stop Out Level | 35% | 35% |
| Use of EAs | Allowed | Allowed |
| Trading Platforms | cTrader or MT4 | cTrader or MT4 |
| Execution Model | No dealing desk | No dealing desk |
| Islamic Swap-Free Condition | Available | Available |
| Liquidity Provider | TopFX | TopFX |
Open TopFX’s Raw or Zero Account
Who should choose TopFX’s Raw Account?
When you choose a RAW account, you can trade with spreads as low as 0.0 pips and a commission of $2.75 per lot per side.
TopFX has deeply competitive quotations, unmatched market depth, reliable order execution services and a wide range of trading tools to choose from, allowing you to trade easily at a professional level.
TopFX’s RAW account is ideal for traders who wish to obtain a source of raw quotes and pay additional commissions. Some traders choose this type of account because the transparency of order execution is greatly improved. In any case, TopFX’s RAW account is in no way inferior to the ZERO account in terms of cost savings.
Who should choose TopFX’s Zero Account?
As a liquidity provider, TopFX has a first-class offer that the peers cannot match. Contrary to the established industry practice that accounts that do not charge commissions are charged more than the original spread accounts, TopFX provides the same quotes for both types of accounts.
If you choose to trade with TopFX’s ZERO account, you can take advantage of the lowest spreads in the market, which are all-inclusive without additional commissions. In addition, TopFX can provide lightning order execution speed and deep liquidity to ensure an efficient trading environment.
Islamic Swap-Free Account for Muslim Traders
A swap-free account (or Islamic account) is a type of account in which the client holds positions overnight without paying swaps or overnight interest, and is provided in order not to contradict Muslim beliefs.
Trade Forex, Energy, Precious Metals, Indices, Stocks and Cryptocurrencies without swaps.
- Compliant with Sharia law
- Efficient and reliable order execution
- No expansion spread
To open an Islamic account, please contact [email protected].
Open TopFX’s Swap-Free Account
1. Forex Exchange
TopFX has long-standing relationships with Tier 1 institutions and are able to provide traders with ultra-reliable price information and institutional pricing for over 60 currency pairs. Choosing TopFX means more stable prices, lower costs and unparalleled execution speed, and you will definitely benefit from it.
What is Forex?
Forex is a trading market for speculative operations in currency pairs. When trading Forex, you are buying or selling one currency in another currency without actually holding that currency in the process. For example, if you think the EUR/USD exchange rate will rise, you can open a long position. If you feel the price of the euro will fall, you can choose to go short. If the prediction is correct, you can make money from it, and the difference between the opening price and the closing price is your profit.
Trade with TopFX to reduce the cost of foreign exchange transactions
However, while the spread between the opening and closing prices is your gross profit, you still need to factor in transaction costs. The most basic transaction costs include the spread and, depending on the account type selected, you may also be charged a commission rate.
For all account types on the platform, TopFX can provide ultra-low prices, so customers can choose account types according to their personal preferences. TopFX’s RAW account type allows you to trade with spreads as low as 0.0 pips and some of the lowest commission rates in the market, while the ZERO account type has an all-in-one spread charge plan so no additional commissions are charged.
Trade Forex with low cost on TopFX
2. Stock Index
Add the world’s major indices to your portfolio by hand and trade with some of the tightest spreads on the market today.
What is a stock index?
A stock index will track the performance of a group of stocks and will respond quickly to major financial events. Take the German DAX stock index (ie Germany 30) as an example, which represents the market capitalization of the top 30 listed companies on the Frankfurt Stock Exchange. When you trade index CFDs, you can profit from price movements without actually owning the underlying asset. For example, if you assume that the price of a stock index is going to rise, you will open a long position, but if the opposite is true and you think the price will fall, you will choose to go short. If the market moves in the same direction as your position, you will be profitable, otherwise, losses will be inevitable.
- Choose TopFX, the cost is greatly saved, and the investment is more reliable
- Control risk exposure with micro lot trading
- Profit from long dividends
- With no processing background execution system RAW or ZERO account type
- Select the desired quote model
Invest in Stock Indices on TopFX
3. Stocks
Choose a prime broker and trade more than 500 stock CFDs robustly.
- NYSE and NASDAQ – 223 financial instruments
- BIT, BME, BSE, FRA, EPA – 240 financial instruments
- Tokyo Stock Exchange and Hong Kong Stock Exchange – 80 financial instruments
- SWX and LSE – 56 financial instruments
Stock CFDs can be traded on institutional-grade conditions on cTrader, an industry-leading professional trading platform that combines advanced technical analysis, risk management mechanisms and performance reporting tools.
How does stock CFD trading work?
In traditional stock trading, buying one share represents buying an ownership unit of the company. When you trade stock CFDs, you only need to speculate on the price of a particular stock, predicting whether it will rise or fall, without actually owning the underlying asset. If the market moves in the same direction as your position was opened, you can profit from it. But if the market moves in the opposite direction, you will lose money.
Choose TopFX to trade stock CFDs
TopFX offers more than 500 stock CFDs that clients can trade with leverage up to 1:20. By choosing leveraged trading, you can open larger stock exposure positions with less deposit funds than investors who actually hold assets*. In addition, TopFX’s exceptional liquidity and competitive pricing can help you trade in a cost-effective manner in a reliable and secure environment.
4. Precious Metals
Trade Gold, Silver, Platinum, Palladium with tight spreads and ultra-fast execution.
What is Metal CFD?
When trading CFDs, predict the price of the underlying asset, but do not own or trade the underlying asset itself. Therefore, metal CFD trading means trading only on the exchange rate of gold, silver, platinum, and palladium against the US dollar and the euro. ”
For example, if you think the price of gold (XAU) against the US dollar will rise in the future, you can place a “buy” order; if you think the price will fall in the future, you can place a “sell” order. TopFX metals trading has a maximum leverage of 1:200, allowing traders to deposit less funds to gain greater exposure to this market.
Advantages of TopFX Metals Trading
- Tradeable on MT4 and cTrader platforms on all devices.
- No processing background execution.
- Multiple trading methods: manual, copy, automated trading and platform signals.
- Choose your preferred pricing model with RAW Account or Zero Account.
5. Cryptocurrency
Choose from a premium broker to trade CFDs on cryptocurrencies such as Bitcoin, Litecoin, Ripple and Ethereum.
How does cryptocurrency trading work?
When you trade cryptocurrency CFDs, you do not own the underlying asset. Crypto CFDs are traded in pairs, which means you can speculate on the price of the base currency rising or falling relative to the quote currency. TopFX offers cryptocurrency pairs where the base currency is a cryptocurrency and the quote currency is a fiat currency (eg LTC/USD). You make a profit if your prediction is correct, which is the difference between the opening and closing price of your order.
Why TopFX is the first choice for trading cryptocurrency CFDs?
First, TopFX provides clients with 14 cryptocurrency pairs that allow trading with leverage instruments up to 1:10. For traders looking to tap into this exciting emerging market, CFD trading on cryptocurrencies is an easy shortcut, requiring neither a cryptocurrency wallet nor the additional transaction fees required to trade physical cryptocurrencies.
In addition, you don’t have to worry about the risk of losing funds due to malicious third-party attacks, which happen occasionally on cryptocurrency exchanges.
Open TopFX’s Crypto Trading Account
6. Energy CFDs
Trade Brent Crude Oil, WTI and Natural Gas CFDs on top trading conditions.
What is Energy CFD?
Oil prices are one of the indicators of the robustness of the global economy. Oil demand is linked to economic growth. During a recession, oil prices are likely to fall. This is a 24-hour market with high volatility, making it a good choice for day traders looking for quick moves.
Crude oil CFD trading is one of the easy ways to enter the energy market and does not require ownership of the underlying asset. Just make predictions about the rise and fall of oil and gas prices, and the trader’s profit or loss is derived from the difference between the opening price and the closing price.
Invest in Energy CFDs on TopFX
Advantages of TopFX Energy Trading
- Sufficient liquidity pool to ensure price stability.
- Low spreads and super fast order execution.
- Support manual trading, copy trading or use robot trading.
- High-quality trading signals from Trading Central and Autochartist.
- Choose your preferred pricing model with RAW Account or Zero Account.
What is an ETF?
Fewer people may know about ETFs (Exchange Traded Funds) than other products. ETFs are investment funds traded on a stock exchange in the same way that stocks are traded. Such securities tend to track the movements and movements of assets such as indices, sectors, and commodities.
ETF CFDs
TopFX allows clients to introduce leverage up to 1:20 and trade over 15 iShares ETFs. Leveraged trading means you can invest less money to gain a larger exposure to iShares* than an investor holding a physical asset. CFD trading allows clients to profit by speculating on the price of the underlying asset without actually owning it; if the market moves in the same direction as your position opening, you can profit from it. But if the market moves in the opposite direction, you will lose money.
- Choose TopFX to enjoy professional trading conditions and trusted brokerage services.
- Trade with leverage up to 1:20.
- Take a call or put on an ETF with the award-winning cTrader.
- Benefit from TopFX’s ultra-low spreads and zero commission fees.
