Review - ForexTB (FXTB)
ForexTB, known as FXTB, is one of the most recognizable Forex/CFD trading brands in today's ever-growing marketplace. The ForexTB website is available in multiple international languages and offers a vast array of tools, trading news, and alerts as well as education.
They have a broad range of tradable assets and offer competitive spreads. Traders using the ForexTB trading platforms can place market orders and expect the fastest possible speed of execution. This allows clients to take advantage of the market moves via the super-fast platform.
FXTB provides high security, transparency, and fairness in its operations.
Therefore they are a broker worth taking an in-depth look at for your trading needs.
FXTB Regulations & Languages
ForexTB (FXTB) is operated by Forex TB Limited, a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF license number 272/15. Forex TB Limited offers services within the European Economic Area (excluding Belgium) and Switzerland. Forex TB Limited owns and operates the "ForexTB" brand.
Countries & Languages
The FXTB site is available in English, German, Spanish, Italian, Dutch, Swedish, and Polish. FXTB accepts clients from Austria, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, France, Germany, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Spain, Slovenia, Sweden, Iceland, Liechtenstein, Norway, Switzerland, United Kingdom.
There are four account levels offered by FXTB, each aimed at traders with different needs and different financial abilities.
$250 minimum deposit
EUR/USD 2.8 pip spread
Only one free withdrawal
$25,000 minimum deposit
EUR/USD 2.5 pip spread
One monthly free withdrawal
$100,000 minimum deposit
EUR/USD 1.9 pip spread
Three monthly free withdrawals
$250,000 minimum deposit
EUR/USD 1.4 pip spread
All new clients receive a demo account with 100,000 virtual money according to their registered currency immediately upon completion of their registration.
FXTB Fees, Costs & Leverage
Traders have the option of using leverage and margin when trading CFDs at ForexTB. The two terms are intertwined, as you use your margin to create your leverage. While leverage can increase the potential return on your investments, it can also increase potential losses. When using leverage trading, leverage is set by the regulator, and FXTB offers the maximum leverage allowable.
FXTB allows you to keep your trade open as long as you want, but they do charge a small overnight fee on the borrowed/leverage funds. They follow industry standards, and the cost is negligible. There are no other fees involved in trading.
FXTB does not charge commissions on trades. There are no deposit fees on the FXTB side of the transaction. Your bank or credit card processor might charge you a fee.
FXTB offers very competitive spreads. Spread is the difference between the bid (sell) and ask (buy) price. The floating spread is based on account selection. Please see the list below based on the account level.
Deposits & Withdrawals
FXTB offers a full range of deposit methods to fit each traders' needs. They offer credit/debit cards, e-wallets, and wire transfer methods. All transactions are protected with a combination of security systems and firewalls, ensuring that your account and banking details are safe and secure. All operations use SSL (including both ClickSSL and Thawte) that goes above the industry standard and ensures that your sensitive information is protected when completing transactions with ForexTB.
FXTB Trading Platform
MT4 trading platform
MetaTrader 4 is one of the most popular trading platforms for online trading. With a data-rich environment that is highly customizable, clients of all experience levels can effectively trade. The platform offers over 50 technical indicators and 30 chart analysis tools, alongside detailed trading, and asset histories. The system is also compatible with automated trading algorithms. More experienced clients, in particular, will prefer to trade with MT4. The MT4 platform allows a trader to access Expert Advisors and add them directly into the trading platform.
ForexTB's web-based platform can be accessed directly from the broker's website. The interface is clean and easy to navigate while offering one-click trading, six different chart types, plus a decent selection of indicators. Multiple charting tools can also be overlaid to analyze market sentiment.
FXTB Mobile App
FXTB provides a mobile version of its Web Trader platform. The FXTB app is available for iOS and Android-powered devices and can offer push notifications. With the ability to open and close positions, analyze charts, and follow prices of all tradeable assets, the mobile platform is functional and easy to use. This makes the FXTB mobile one of the best apps available.
FXTB clients can trade +300 financial assets. Products include a wide range of forex pairs, major shares, commodities including precious metals, energies, and agricultural products, plus stock indices and cryptocurrencies.
Notification and Alerts
The MT4 platform, as well as Trading Central, offers traders up to the minute market asset alerts. MT4 allows traders to set alerts on any asset for almost any condition and will send alerts via popup, SMS, and email. Trading Central also provides ForexTB account holders access to their advanced market analysis alerts. These alerts offer traders with an additional layer of intelligence to monitor their Forex / CFD trading decisions.
Tools and Analysis
There are many different tools, tactics, and strategies that traders can use to help, to identify which assets they want to trade, and when the best entry and exit time is.FXTB offers a wide range of trading tools, analyses, and calculators. FXTB offers up to the minute Market News directly on their website.
FXTB also offers Trading Central's Advance Market Analysis, which is considered one of the leading analysis providers in the industry.
Education and Training
The FXTB education section is extensive, offering different tips for all experience levels. Complete with webinars, online lessons, articles, video tutorials, and ebooks, the education center caters to all types of learners. Unfortunately, some parts of the education center are not open to retail and lower-level accounts. Check the availability under account types.
FXTB has reliable customer support for all customer needs. Even though in most cases, the client would not need it due to the exhaustive information provided on the site. It also provides an updated FAQ that acts as the preliminary help center.
Also, for any concern, the brokerage provides a web chat that comes with fast feedback. It also provides a phone contact for the users who prefer voice calls. It allows the user to request a call back from the account manager in case of any personalized needs.
FXTB offers both Introducing Broker and affiliate partnerships. They provide several different types of plans and payment methods. It seems FXTB wants to develop true partnerships based on success, trust, and transparency. They offer CPA plans and Hybrid plans.
FXTB has become a major recognizable brand over the past years due to its honesty and transparency. FXTB is regulated and licensed for ultimate security. They also provide different account types to cater to different user needs, as well as their demo account. Deposits and withdrawals are easy to make, and traders can be assured of a safe and regulated broker registered with the much-respected CySEC.
The other benefits of the brokerage include low withdrawal fees and zero deposit fees. FXTB provides all a trader ever wants on the platforms. Other than competitive costs, spreads, and leverage, FXTB offers additional trading tools and analysis, notifications, and alerts. The site is highly effective for beginners and professionals.
*The Company does not offer and/or promote and/or distribute CFDs on Virtual Currencies (Cryptocurrencies) for the residents of the United Kingdom.*