1. What is FXTB?
  2. FXTB Pros and Cons
  3. Safe or a scam?
  4. Leverage
  5. Accounts
  6. Market Instruments
  7. Fees
  8. Spreads
  9. Deposits and Withdrawals
  10. Trading Platforms
  11. Customer Support
  12. Education
  13. Conclusion

What is FXTB?

ForexTB (FXTB) is an STP broker based in Cyprus since 2015. FXTB is operated by Forex TB Limited, a Cyprus Investment Firm, authorised and regulated by the Cyprus Securities and Exchange Commission. The broker offers a unique trading experience through its platforms and aims to Uphold strict industry regulatory compliance requirements throughout each and every aspect of its operations. 

All this is also provided with an unparalleled technology base, which is important for good quality performance along with popular platforms MT4 and WebTrader and good execution through numerous liquidity providers. Along with necessary legislations and safe transactions, FXTB adheres to unparalleled standards regulations.

Therefore you’re trading with a trustable partner which will treat you fairly, and this is a crucial point as the majority of offshore brokers can not provide reasonable trustability that is the reason we advise to avoid them at all costs. Further, in our FXTB review we will see more of the details and conditions FXTB proposes so that you’ll be able to decide whether this broker is good for you.

FXTB Pros and Cons

FXTB is a regulated broker with good costs and tailored solutions, account opening is smooth and fully digital. The beginning traders can benefit from free educational tools.

For the FXTB drawback is the withdrawal fees and wide spreads associated with standard account levels.

What Type of Broker is FXTB?

FXTB is an STP Forex Broker also with high standards of secure trading environment, as of the regulation it imposes. The offering to the clients is wide and even comprehensive since it proposes the same if not more investment opportunities to the world trading community.

10 Points Summary
🏢 HeadquartersBroker located in Cyprus
🗺️ RegulationCySEC
🖥 PlatformsWebTrader, MT4
📉 InstrumentsCFDs on Commodities, Forex, Stocks, Indices, Cryptos
🎮 Demo AccountAvailable
💳 Minimum deposit250€
💰 EUR/USD Spread1.8 pips
💰 Base currenciesEUR, USD
📚 EducationWebinars, Courses and Research tools
☎ Customer Support24/5

Is FXTB safe or a scam

No, FXTB is no a scam but a regulated broker with lower risk for Forex and CFD trading. FXTB is operated by Forex TB Limited, a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF licence number 272/15. In simple words that means the broker is legit and fully authorized to offer its trading solution within Cyprus, EU and beyond due to cross border registrations.

As a regulated company FXTB is governed by strict rules and regulations which are in place to ensure they continuously comply with their operating conditions during the provision of their services, and which are designed to enhance the protection of investors while promoting stable and orderly financial markets.

Forex TB Limited offers services within the European Economic Area (excluding Belgium) and Switzerland.

The above mentioned regulation is a transposition of MiFID European Law which operates under ESMA that contributes to safeguarding the stability of the European Union’s financial system and enhancing the protection of investors and financial market stability.

How are you protected?

All client funds are stored in segregated accounts and are fully insured to give traders extra assurances surrounding the safety of funds. Furthermore, the broker is a member of the Investor Compensation Fund, adding a layer of protection. To ensure clients are prepared to enter the market and make sound decisions, the platform also provides trading support in the form of alerts and charts along with extensive customer service for users.

Leverage

Leverage, given by the broker, enables trading with a bigger exposure to markets compared to your initial balance. Usually presented as a ratio of leverage levels also adhere to regulatory restrictions, since retail traders may fall into high risk without proper knowledge how to use tools smartly.

Therefore, because of the involved possible risks, recent regulatory updates from the European regulators and CySEC in particular lowered maximum leverage levels available for retail account holders. In case you are a professional trader, there is availability to access high leverage ratios like 1:400, which is available once the status is proved.

  • Retail traders leverage is maximum 1:30 for major currency pairs, 1:10 for Commodities

Accounts

FXTB account types offers four account types that also define trading conditions. Each of them is designed to suit particular trading needs and proposes a personalized trading experience.There are four Account types – Basic, Gold, Platinum and VIP that are designed for traders who just begin, those that have trading skills already and seasoned traders respectively.

Each of these accounts differs in terms of features such as the spreads offered and the minimum deposit needed to trade. You need to choose the account that is most suited to your needs. All accounts feature the same competitive trading conditions and available services, they only differ depending on the withdrawal fees offered by the broker.

Trading Instruments

FXTB offers over 300 desirable financial assets to choose from. At ForexTB, you can dive into global markets, and trade CFDs on Forex assets, such as EUR/USD, GBP/USD, or trade CFDs on Commodities such as gold, silver and crude oil.

Moreover, you can trade CFDs on stocks of tycoon corporations such as Apple, Alphabet and Facebook, in addition to the largest Indices such as NASDAQ, S&P 500 and FTSE 100.

Fees

FXTB costs and spreads which the broker offers for its trading solution where pricing are depending on the account type you use, as well as what trading size you operate. In addition, check full fees in the table below including funding fees and non trading fees.

Non trading fees

The broker also charges an inactivity fee. If there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for a period of at least one (1) month or more, FXTB reserves the right, to charge a monthly inactivity fee on your Trading Account, in return for the provision of the continued availability of your Trading Account.

FeesFXTB FeesAvaTrade FeeseToro Fees
Deposit FeeNoNoNo
Withdrawal FeeNoNoYes
Inactivity FeeYesYesYes
Fee rankingAverageAverageHigh

Spreads

The broker’s offer is quite attractive in pricing and fee schedule. As a basic account user, the spread for the EUR/USD pair is 3.2 pips, whereas for a VIP account the fee decreases to 1.8 pips. However, the broker does charge an inactivity fee for accounts left dormant for more than a month. Also, always consider overnight charge or swap in case you’re holding the position longer than a day. It is always defined by the instrument you trade and may be visible either through a website or platform while trading. See the example on the snap above.

See some of the FXTB spread examples below, also you may compare fees to other popular brokers.

Asset/ PairFXTB SpreadAvaTrade SpreadeToro Spread
EUR USD Spread3.2 pips1.3 pips3 pips
Crude Oil WTI Spread2 pips3 pips5 pips

Deposits and Withdrawals

Another crucial factor while selecting a Forex broker is to see how to transfer money to or from your trading account. Obviously, regulated brokers adhere to best practices and are regulated by its authority in terms of money management.

Deposit fees and Options

In order to deposit with FXTB, log in to your account, and then click on the Deposit button. There are multiple deposit methods you can choose from. You can deposit using one of the following methods:

  1. Credit Card
  2. Electronic Payment
  3. Wire Transfer

What is also great, there are no charges for deposits so you won’t pay any commission, however always define it with your payment provider or Bank itself as an international rule varying from jurisdiction to another.

FXTB Minimum deposit requirement

FXTB minimum deposit is EUR250 allowing you to open a Basic account. Higher grade accounts will require more money, as designed for traders with experience.

FXTB minimum deposit vs other brokers

FXTB Most Other Brokers
Minimum Deposit $250 $500

FXTB Money Withdrawal

For making a withdrawal, simply log in to your account, click on the Banking tab, then on the Withdrawal tab. Enter in the amount you wish to withdraw and click on the Next button. Fill in the required fields and then click on the Submit button.

FXTB withdrawal charges vary with the type of account you have. For VIP account holders every withdrawal is free. Platinum account holders can make 3 withdrawals for free each month. Gold account members can make one withdrawal for free each month. Basic account holders can make one withdrawal for free, with charges each time you withdraw from then on.

Trading Platforms

The trading platform or the software which you will use with FXTB for transactions and trading process itself is a choice either between WebTrader or a popular industry MetaTrader4.

ProsCons
Mainstays at the WebTrader and MT4None
User friendly design
Web, Mobile and Desktop versions
Available of various languages

Web Trader

While WebTrader is obviously a Web Trading platform based on the MT4 engine, it means you may access trading software without a need to install or program anything on your PC. Also, it means you can access trading from any device just by logging in to your trading account through a browser resulting in great accessibility.

However, Web Trading platforms are always limited with customisation and range of trading tools, it is easy to use, but if you require comprehensive trading portfolio adjustments and specifications you better go for the desktop version.

Meta Trader 4 (MT4)

MetaTrader4 desktop platform is available for download and install on any device including PC and MAC. The installation and specification of the MT4 allow you full customization and safety of your working layout, which is very useful. Besides, specifically, the desktop version is a great feature for professional and active traders, as it’s packed with advanced tools with no limitation over the strategies.

This platform, available through ForexTB, offers traders three separate chart types, over fifty technical indicators, and you can personally customize it.

With MetaTrader4, you can now monitor the market closely and have a better decision of when to open positions with Forex and other CFDs.

Mobile Trading Platform

The mobile app is also offered, while apps are simple to use and offer a wide range of tools at the same time. MT4 mobile offers various charting capabilities and customization which is fantastic for mobile trading along with full management of your account.

Customer Service

FXTB customer support provides you with support through live chat, email and phone in various languages (English, German, Dutch, Italian, Spanish, Swedish, Polish). The support team is available from 9 AM till 6 PM (GMT) only on weekdays.

FXTB customer service

Education

FXTB users gain access to educational material such as Webinars, Videos, and guides, TipRanks, Trading eBooks and CFD Trading Tips. 

In its Trading Central section customers can find Daily Market Analysis, Economic Calendar, Market Updates, receive Strategy Newsletters, and get access to TC Research platform and Web TV depending on the account type. 

In addition to all of this, the broker offers an asset calculation tool that finds spreads, swaps, trade sizes, and fees in a few clicks.

Conclusion

Overall, FXTB proposes a quality trading with flexible conditions, platforms and instruments. Another good point is that FXTB is regulated by the European CySEC aligned with the MiFID directive, meaning the broker falls under protective measures. We recommend opting for a higher account level to get the cheapest withdrawals, tightest spreads, and free daily signals.

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17 responses to “FXTB”

  1. Greetings to all! I have 4 years of ForexTB trading behind me. Despite all the shake-ups in the market, my account is alive and well, which is no small merit of the broker. Actually, that’s why I decided to leave this review. In general, it should be noted that ForexTB has developed in order during this time. There is more freedom, it is immediately felt. Yes, I myself have revised my system in many respects, I have changed a lot of things. For example, he added a comparison of his forecasts before entering the market with signals from their analytical portal. This mixture gave excellent results. If the signals matched, I would open.
    There are daily signals, market news, and an education center.
    I think that 21 years will be no less successful than the last one. The broker is really good, and the rest depends on the trader.

    • Dear Fabrizio,

      Thank you for taking the time to leave us this positive review. We appreciate you sharing your experience with us and hope that you continue enjoying trading with ForexTB. Always we are aiming to improve our services with the best choice for our clients.
      Thank you for choosing us as your trusted broker!

    • Dear Mason
      Thank you so much for leaving such a positive review! We’re always happy to help and really appreciate the time you took to write this review.

  2. I saw a lot of advertisements in the Internet for Forex brokers. For some reason I liked ForexTB and decided to open a demo account here. I just wanted to practice and learn new things. I liked working with ForexTB MT4. There were a lot of indicators to analyze and it was easy to open orders. I started to think about opening a real ForexTB account. Minimal deposit is 250 euro, so I can do it. But… I’m a little worried. Can I trust this broker? Is there some kind of license and control here?

    • Dear Fabio,

      Thank you for choosing us as your trusted Broker. Forex TB Limited is a Cypriot investment firm authorized and regulated by the Cyprus Securities and Exchange Commission under CIF license number 272/15. If you have a problem with us, we’d love to contact us at support-forextb@forextb.com

  3. SCAM BROKER ! WHEN IN POSITION ON PLATFORM FXTB IN PROFIT YOU CANT CLOSE POSITION,
    IT SAY NO QUOTES ! WHEN YOU ARE IN LOSS YOU CAN GET OUT OF POSITION YUST LIKE THAT,
    MAGIC !

    MARKET MAKER, STOP ORDERS HIT 80 PIPS BEFORE ! SO I REALLY LIKE TO SEE MIFID II
    PICTURE ON WEBSITE REGULATION ! MAGIC !

    • Dear Simon, We are very sorry to read this. Forex TB Limited is a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF license number 272/15. Please share your experience by sending an email to our customer support (support-forextb@forextb.com) which works 24/5 and our professional team will assist you as soon as possible.

      Thank you!

  4. Thank you for the great information. I now understand why there are so many good ForexTB reviews on the internet. I understand that it is hard for people to trust their money. Especially if it’s new. I didn’t understand anything about Forex trading before and now I have some information. I understand that for trading you need to be able to use indicators and also be able to analyze news. When I read this ForexTB review, I realized that there is a MetaTrader 4 trading platform. I am familiar with this software. I know that this is exactly what a professional trader needs. I want to become a professional trader and I think that I will succeed with this broker!

    • Dear Roland,
      In order to increase your trading knowledge, our inclusive Education section offers traders of all levels, beginners to professionals, a variety of educational materials, which include: analysis, reports, guidelines and new features by Trading Central. Please do not hesitate to contact us at our email support-forextb@forextb.com for any assistance you may need in a future

  5. I made up my mind to use this broker to trade stocks. I find it very suitable for this role and I can explain why I stuck with this brokerage company.
    You know that stock trading is long-term trading. I can’t imagine stock scalping. It doesn’t make sense. So, when people buy stocks they plan to hold their trades for a long time. Some traders hold their stocks for years. If you take a look at the charts of well-known tech giants, you will see a never-ending uptrend. Yeah, God blessed those folks who managed to buy those stocks at the bottom. They are pretty happy now.
    However, for the last time a slew of new promising companies appeared and we can be among the first buyers of their stocks.
    When holding trades for a long time, it’s crucial to deal with a regulated company. ForexTB is cySEC regulated. I learned about from ForexTB reviews. Once I came to their site I liked their Webtrader. It’s very suitable for stock trading because it allows to conveniently navigate through assets in the left menu.

  6. I believe that the ForexTB broker earns the money we pay for commissions and spreads. The thing is that the brokerage’s services are full of supportive measures for traders. The wide range of choices for assets, trading signals, customer support, reliable platform and many other features are more than enough to arrange a stable and growing source of income in trading in the financial markets.
    I would highlight the TC Market Buzz app. It delivers so many materials to analyse on a daily basis. I was able to choose a couple of hot assets to catch strong trends. Nice app.

  7. Dear Per,
    Thank you for taking the time to leave us this positive review. We appreciate you sharing your opinion!

  8. I am working with ForexTB recently. I can’t specifically say anything good or bad about this broker. It seems to be a good forex broker, with its pros and cons. I have not noticed any special problems. What I like is the customer service, the support guys are very responsive, they work well, help if necessary. I have already withdrawn a couple of times, so this point has already been checked. If something changes, I will write another review.

  9. I have recently joined your company. I like the execution, which is a direct consequence of regulation and a very user-friendly platform Webtrader. Perhaps, in a couple of weeks I’m going to make my first withdrawal, so I have a corresponding question. How long does it take to withdraw money using bank transfer?

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