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

Forex and CFDs offeredUnclear range of payment options
Mainstay on MT4 and WebTrader platformsNo 24/7 support
Fast account openingWithdrawal fees
Comprehensive education centreLack of social trading
Automated trading

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

CySEC regulated brokerNone
Negative Balance Protection applied

Is FXTB legit?

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, 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


Another important note within FXTB Review is a range of account types through which you will access trading. Eventually, the broker offers four account types that also define trading conditions. Each of them is designed to suit particular trading needs and proposes personalized trading experience.

Fast digital account openingNone
Four account types offered
Demo Account offered

Types of Accounts

As we already mentioned, 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.


Of course one of the most interesting points for you in FXTB review is costs and spreads which the broker offers for its trading solutions. Obviously, these costs are depending on the account type you use, as well as what trading size you operate.

Low Forex feesInactivity fee
0% Trading CommissionsWithdrawal fees
No Fees on Deposits

Our find on Forex fees

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.

Trading Fees of OctaFX vs Similar Brokers
Asset/ PairFXTB FeesAvaTrade FeeseToro Fees
EUR USD3.2 pips1.3 pips3 pips
Crude Oil WTI2 pips3 pips5 pips
Inactivity FeeYesYesYes
Fee rankingAverageAverageHigh

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.

No deposit fees Deposit fee may be applicable
Fast digital depositsUnclear range of payment options
Card payment supported

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.

Minimum deposit requirement

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

Money Withdrawal

Money withdrawal is also done through your online account area and relatively easy process.

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. 

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.

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.

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.

Quality customer support with live chatNo 24/7 customer support
Fast response
Live Chat, Phones supported


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.

Demo accountNo social trading
Wide range of education materials
Comprehensive Education Center
Economic Calendar and News Feed


Overall, FXTB Review shows us a broker with a quality trading strategy which offers flexibility in terms of conditions, platforms and instruments it proposes. Another good point is that FXTB is regulated by the European CySEC aligned with the MiFID directive, meaning the broker falls under protective measures and is among those brokers that are trusted. 

The beginning traders can benefit from free educational tools, while the professionals are supported by dedicated tailored services. 

The only serious drawback is the withdrawal fees and wide spreads associated with standard account levels. As a result, we’d recommend opting for a higher account level to get the cheapest withdrawals, tightest spreads, and free daily signals.

Yet, it is always great to hear your personal opinion about FXTB. So you may share your experience or thoughts or discuss them below or ask us for additional information. 

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