forextb Review

Review

FXTB is an online broker that allows you to invest and trade indices, commodities, and stocks through CFDs. This company is operated by Forex TB Limited, a Cypriot investment firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF license number 272/15.

FXTB is a constantly growing Forex broker that currently has more than one million registered users, which makes us think that it is a safe broker for trading and not a scam. As you can see, we are not dealing with just any inexperienced broker, but with a company with a track record that has well-defined priorities and seeks to satisfy its clients with its good service. Find out all the details about FXTB in this review

ForexTB is designed around two principles: their traders' needs and striving for excellence. We want to provide the best possible trading experience.

 

Headquarter

Nicosia, Cyprus

Regulations

CySEC

Type of Broker

CFD, Market Maker

Minimum Deposit

250 EUR

Maximum Leverage

1:400

Type of Platform

Web trader, MetaTrader 4, mobile

Deposit with credit card

Yes

Deposit with wire transfer

Yes

Demo account provided

Yes

Instruments traded

CFD, Commodities, Oil, Gold, Metals, Indices

 

 

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Regulation and Security

The security of a broker is something that any trader should not take lightly since it is the trader's personal funds at stake. FXTB offers a unique trading experience, always upholding the strict regulatory compliance requirements of the industry throughout every aspect of our operations. forextb.com/eu is operated by Forex TB Limited, a Cyprus investment firm, licensed and regulated by the Cyprus Securities and Exchange Commission. The company's CIF license number is 272/15.

Through the following link you can learn more about their legal terms and Anti-Money Laundering policies.

Forex TB (the Company”) is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC”) as a Cyprus Investment Company (CIF”) to provide the services and activities included in this document in accordance with the Investment Services and Activities and Regulated Markets Law of 2017.

The company is registered in Cyprus in accordance with commercial law and with registration number HE310943. 1.4. The registered office of the Company is at 45A Kratinou Street, 2040 Strovolos, Nicosia, Cyprus.

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Fees

FXTB does not charge commission for CFD operations on  Forex pairs, commodities, or cryptocurrencies.

The minimum deposit varies depending on the type of account chosen, as outlined here:

There is a fairly high inactivity fee for those who stop trading for any reason.

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What Can I Trade?

FXTB assets

FXTB allows you to trade more than 10 major, minor and exotic currency pairs with a spread from 0.0. Let's look at some examples:

At FXTB, traders at all levels can trade popular commodities with variable spreads as well as stock CFDs with tight spreads.

Main assets allow the trader to trade groups of highly traded stocks or a specific sector on a single instrument. FXTB offers CFDs on the world's leading assets with very low spreads:

Currently, cryptocurrencies have become attractive assets for many traders due to their high volatility. At FXTB you can trade CFDs on the main cryptocurrencies, with flexible leverage, very low spreads, and exceptional execution speed:

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Account Types

FXTB offers a demo account with up to (fictitious) US $ 10,000 with which you can practice your trading strategy before investing real money. Using the demo account is very important not only to practice your strategies but also to familiarize yourself with the platform and economic indices.

There are four types of FXTB real accounts:

FXTB account types

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Trading Platforms

FXTB offers excellent tools to execute orders, with different characteristics for each type of trader:

 

MetaTrader 4: The MetaTrader 4 platform is one of the most popular trading platforms in the world, especially among professional traders, due to its comfortable interface and its wide variety of indicators that allow the trader to execute orders using the analysis that seems most convenient to him. It is an intuitive and easy-to-use interface.

FXTB MT4 platform

Web trader: Today, younger traders value access to their financial operations via mobile, so FXTB's proprietary mobile web is ideal for those traders who keep on the move. It has a simple and friendly interface where traders can open and close your operations at any time and place.

FXTB proprietary platform 

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Unique Features

FXTB has introduced TC Market Buzz which was designed by the Natural Language Processing And Artificial Intelligence From TC Labs, to help traders filter the oversaturation of market information that plagues today's investors.

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Research and Education

FXTB presents Trading Central, where traders can see research, studies, market analysis, news and much more:

A trading glossary is also available for all traders to help master market terms:

Two sections of frequently asked questions: For general questions about the broker and the platform.

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Customer Service

For most customers, customer service is not a big deal because there shouldn't be many (or any) problems. That said, it's reassuring to know that if you need help, you can quickly locate someone competent at FXTB who will take responsibility for fixing your problem.

 

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Bonuses and Promotions

At the time of this FXTB review, the brokerage did not have a welcome bonus or promotions in compliance with CySEC law.

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Opening an Account

Opening an account with FXTB is very straightforward, as you can expect your account to be opened and ready the same day the account opening process begins. Customers only need to navigate through a few screens where they submit some details and choose the type of account they want to sign up for.

It is worth noting that FXTB cannot accept residents of the United States and some other countries.

In addition to providing personal and account details, new customers must verify their identity and prove their place of residence, as is customary in any regulatory process in compliance with the AML standard.

FXTB open account page

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Deposits and Withdrawals

There are no fees for making a deposit by the client. Charges for withdrawals vary with the type of account the customer has.

For VIP account holders, all withdrawals are free. Platinum account holders can make 3 free withdrawals every month. Gold account members can make one free withdrawal every month. Basic account holders can make one withdrawal for free, and with charges every time they make a withdrawal thereafter. Please see the page with the account types and the document with the general fees for the most up-to-date information.

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FAQs

Is FXTB legit?

FXTB is one of the CFD brokers that has legitimate regulation granted by CySEC.

What is the maximum leverage offered by FXTB?

The maximum leverage offered is 1:400.

Does FXTB offer the MetaTrader trading platform?

Yes, FXTB offers the MetaTrader 4 trading platform.

Where is FXTB located?

FXTB known as Forex TB Limited is located at Lemesou Avenue 71, 2nd Floor 2121 Aglantzia, Nicosia, Cyprus.

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General Information

Company Information

  • Broker's Name : FOREXTB
  • Headquarter : Cyprus
  • Regulation : CySEC

Account Information

  • Type of Broker : Market Maker
  • U.S. Clients Allowed :
  • Minimum Deposit : 250$
  • Maximum Leverage : 1:400
  • Commissions / Spreads : Spread
  • Account 1 : Basic
  • Account 2 : Gold
  • Account 3 : Platinum
  • Account 4 : VIP
  • Demo Account :
  • Islamic Account :
  • Deposit Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
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