TopFX vs Whitebox - BrokerCue
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Broker Comparison

TopFX vs Whitebox

Compare TopFX and Whitebox side by side: fees, regulation, platforms.

TopFX

TopFX

Active forex and CFD traders

TopFX is a Cyprus-based CFD broker founded in 2010 offering forex and 600+ CFD instruments across MT4, MT5 anโ€ฆ

VS
Whitebox

Whitebox

Long-term ETF investors in Germany

Whitebox is a German BaFin-regulated robo-advisor offering ETF-based managed portfolios with tiered fees fromโ€ฆ

Head-to-head comparison

TopFX vs Whitebox
Feature TopFX Whitebox
Minimum deposit - -
Stock trading fee - -
Regulators CySEC, FSA, BVIFSC BaFin
Best for Active forex and CFD traders Long-term ETF investors in Germany
Markets & account
ETFs
-
Forex
-
CFDs
-
Bonds
-
Margin
-
Demo Account
-
Multi Currency
-
Funds
-
Ready Made Portfolios
-
Investment Plans
-

Pros & cons

TopFX

TopFX

Pros

  • CySEC regulation with ICF protection up to EUR 20,000
  • Three account types covering different pricing needs
  • Spreads from 0.0 pips on the Zero account
  • MetaTrader 4, MetaTrader 5 and cTrader all available
  • Free demo accounts with no expiry
  • Over 600 tradable CFD instruments
  • Low minimum deposit on Growth account
  • Copy trading available via cTrader Copy

Cons

  • All instruments are CFDs - no ownership of underlying assets
  • Pro account requires $50,000 minimum deposit
  • Inactivity fee of $5 per month after 90 days
  • FSA Seychelles and BVI entities carry lighter investor protections than CySEC
  • Limited educational resources for beginners
  • No TradingView integration
  • No proprietary social or copy-trading tools beyond cTrader Copy
Whitebox

Whitebox

Pros

  • BaFin-regulated with clear German legal framework
  • All-in fee includes custody, rebalancing, and transactions
  • Automatic deviation-based rebalancing included
  • No deposit, withdrawal, or inactivity fees
  • No minimum holding period or exit charges
  • Multiple strategies including ESG-oriented options
  • Savings plan available from 25 EUR per month
  • Client securities held as segregated assets at flatexDEGIRO Bank AG

Cons

  • High starting fee of 0.95% p.a. for portfolios under 30,000 EUR
  • Primarily available in Germany and Austria; platform and support in German only
  • No self-directed trading - managed portfolios only
  • No demo or trial account
  • No ISA, SIPP, or tax wrappers outside German structures
  • No direct stock, crypto, or CFD trading
TopFX

TopFX

TopFX is a Cyprus-based CFD broker founded in 2010 offering forex and 600+ CFD instruments across MT4, MT5 and cTrader with ECN-style execution.

Your capital is at risk. Other fees apply.

Whitebox

Whitebox

Whitebox is a German BaFin-regulated robo-advisor offering ETF-based managed portfolios with tiered fees from 0.95% down to 0.35% and automatic rebalancing.

Your capital is at risk. Other fees apply.

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