TFH/Topfin has been flagged by National Securities and Stock Market Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After seeing ads for TFH/Topfin online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by National Securities and Stock Market Commission. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
TFH/Topfin locked my account without warning and demanded documents I had already submitted. since I retired last year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Full transparency|Easy withdrawals|Regular updates|Copy trading available
Cons: Website design could be more modern|Cannot customize dashboard fully
I referred a friend to TFH/Topfin when my bank disappointed me and I searched for alternatives. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Regular platform improvements|Customizable dashboard|Helpful community forum|Fast execution
Cons: No fractional shares
After doing some research AFTER the fact (I know, I should have done this first), I discovered that TFH/Topfin is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Do not be fooled by the professional-looking website. Behind the scenes, TFH/Topfin is disorganized and incompetent. I found them through a financial advisor and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Segregated accounts|Regular platform improvements
Cons: Charting tools need more indicators|No dark mode on mobile
TFH/Topfin offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Personal attention|Economic calendar|Segregated accounts
Cons: Withdrawal takes 1-2 business days
I am in a dispute with TFH/Topfin over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Multiple order types|Dividend tracking
Cons: Limited demo account features
I looked into TFH/Topfin and found they appear in the regulatory warnings database. National Securities and Stock Market Commission has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
I lost a significant amount because TFH/Topfin did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Regular platform improvements|No hidden fees|Multi-device support|Wide product range
Cons: Email notifications too frequent
I requested my data from TFH/Topfin under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Multi-currency support|Intuitive for beginners|Educational resources
Cons: Limited social trading features|Wish they had more educational resources