FNG Exclusive… FNG has learned that Forex broker platform and solutions provider TopFX has taken the first major step toward becoming a full-fledged Retail FX and CFDs broker itself.

We have learned that TopFX has now gone live with its retail trader oriented site topfx.com.sc. The website, sporting a “.com.sc” Seychelles url, is being operated by TopFX offshore subsidiary Fondex Limited which is licensed by the Financial Services Authority (FSA) of Seychelles.

The site offers trading on both the cTrader and MT4 trading platforms. Clients can also automate their trading with robots or trade executable signals from Autochartist or Trading Central. For copy trading TopFX offers cTrader Copy (the successor to Spotware’s cMirror), or MT4 PAMM.

FNG spoke with TopFX CEO Alex Katsaros about the Retail FX launch:

“We are very excited to officially start accepting retail traders through our new website. The greatest focus is placed on providing the best possible conditions and Liquidity Provider quality of execution. Our raw spreads start from zero – average spread in EURUSD is 0.11 pips. Combining that with our commission charge of $2,75 per lot per side, TopFX is very competitive! Our motto “Broker of brokers” is there to remind our clients of our 10-year institutional heritage as a Liquidity Provider.”

TopFX is using its own technology for the site, including its TopFX Portal CRM and payments cashier TopFX Pay.

We also understand that the launch of the topfx.com.sc site is just the first of several steps planned by TopFX. While the current site is intended for clients outside the European Union, the EU retail website will be launched in the following weeks. TopFX parent company TopFX Ltd is already licensed by Cyprus regulator CySEC.