Review - ForexTB (FXTB)
ForexTB, also 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 educational material.
They have a broad range of 300+ 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 super-fast platforms.
FXTB provides high security, transparency and fairness in its operations. Therefore if you’re looking for your next broker, FXTB is worth taking an in-depth look at.
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. ForexTB Limited offers services within the European Economic Area (excluding Belgium) and Switzerland. ForexTB Limited owns and operates the "ForexTB" brand.
Countries & Languages
The FXTB site is available in various languages including 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 can sign up free and trade with a demo account. Upon completion of their registration, clients will receive virtual funds worth 100,000 according to their registered currency.
FXTB Fees, Costs & Leverage
Traders have the option of using leverage and margin when trading CFDs with 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. The leverage ratio is set by the regulator and FXTB offers the maximum leverage allowable.
FXTB allows its clients to keep their trades open as long as they want, but they do charge a small overnight fee on the borrowed/leveraged funds. They follow industry standards and the cost is negligible, plus 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. Still, 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 rate depends on your account selection. You can see a list below of some popular assets and their spreads, based on the account level.
Deposits & Withdrawals
FXTB offers a full range of deposit methods to fit their clients’ 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 clients’ accounts 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 all 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, 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 WebTrader 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 tradable assets, the mobile platform is functional and user-friendly. This makes the ForexTB app one of the best apps available.
FXTB clients can trade more than 300 financial assets from a wide range of forex pairs, major shares, commodities including precious metals, energies and agricultural products, plus stock indices and cryptocurrencies.
Notifications and Alerts
The MT4 platform, as well as Trading Central, offers traders instant market & asset alerts. It also allows them to set notifications 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 tools & alerts, offering them 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 identify which assets they want to trade and when the best entry and exit time is. FXTB offers a variety of trading tools, analysis and calculators. The broker also offers up to the minute Market News directly on their website.
Furthermore, ForexTB also offers Trading Central's Advanced Market Analysis, which is considered one of the leading analysis providers in the industry.
Education and Training
The FXTB education section is rather extensive, offering different tips for all levels of experience. Complete with webinars, online lessons, articles, video tutorials and eBooks, the education center caters to all types of traders. Unfortunately, some parts of the education center are not open to retail and lower-level accounts. Check the availability under each account type.
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 offers a phone contact for the users who prefer voice calls, allowing them to also request a call-back from the account manager in case of any personalized needs.
FXTB offers 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 both CPA and Hybrid plans.
FXTB has become a major recognizable brand over the past years due to its honesty and transparency. FXTB is a regulated and licensed broker which provides high-standard security. They also provide different account types to cater to different client needs, as well as a free demo account. Deposits and withdrawals are easy to make and traders can rest assured that they deal with a safe and regulated broker, registered with the much-respected CySEC.
The other benefits of the brokerage include low withdrawal fees, zero deposit fees and 0% trading commissions. FXTB provides everything a trader may ever ask for via their platforms. Other than competitive 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.*
*78.15% of CFD retail clients lose.*