ForexTB Guide – Read our In-Depth ForexTB Review
This ForexTB review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this ForexTB review does not apply to US users.
If you are a new entrant in the realm of trading and brokerage, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You will get adept at all of the concepts of broker as you keep trading. For starters, you need to choose the ideal broker who'll be clear with you constantly.
In this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment plan will generate hefty returns. ForexTB is one such platform that will take you along with your investment into great heights. It's important that you know all about ForexTB before you trust them with your cash.
Our entire ForexTB Review covers all you will need to learn about trading using ForexTB. A good broker can multiply your initial investments and provide you positive profits. If you would like to earn profits, you must trade with a brokerage service that aligns with your investing objectives.
There's absolutely no sure-fire method to guarantee profits; therefore, you should carefully analyze your agent before you choose them. It is a common misconception that all agents will be the same, but that's not true. Wrong judgment, in the beginning, can set your investments in danger.
ForexTB is a broker that has found its way successfully into the brokerage world. In this review, we've attempted to collate some of the vital aspects of ForexTB. This review can allow you to know whether ForexTB is a good match for your investments or not. We've tried to breakdown all the features and fees for your convenience.
ForexTB Review, Table Of Contents
- Who are ForexTB?
- Benefits Of Trading With ForexTB
- Everything you should know about trading with ForexTB
- Is ForexTB Safe To Trade With?
- Pro's & Con's Of Trading With ForexTB?
- Compare Brokers Similar To ForexTB
- Regulation And Licencing In More Detail
- ForexTB Awards
- Minimum Deposit Required For A Live Account With ForexTB
- ForexTB Commission And Fees Explained
- Compare broker fees against ForexTB
- ForexTB Withdrawal Fees Explained
- ForexTB Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With ForexTB?
- Alternatives To ForexTB
- Frequently Asked Questions About ForexTB
Who are ForexTB?
ForexTB is a forex broker headquartered in Cyprus and provides a range of tools for online trading. Since its establishment in 2015, ForexTB has emerged as a leading player in the industry of online brokerage. ForexTB has a highly competitive and full-featured trading site that is focused on forex, indices, metals, sharesand commodities.
Over the past 6 years, ForexTB has grown into one of the leading online brokers.
After launching in 2015, their customer base has become as big as 5,000+ clients.
ForexTB is a favorite of many traders because of its negative balance protection. Our ForexTB review found that they're an excellent alternative for automated trading solutions. It's best suited for investors that are looking for an assortment of assets. Social and automated trading options are the heart at ForexTB.
Technology plays a significant role in ForexTB. ForexTB offers trading on MT4, Web Trader, Tablet & Mobile apps. ForexTB is fair, transparent, and a well-regulated agent by the Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15. Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.
The educational section at ForexTB is quite insightful for new dealers as it allows them to have a closer look at the financial markets. ForexTB caters to all types of traders and are a must-have broker for any well-diversified approach to online trading.
If you feel that ForexTB is not right for you then at the bottom of this ForexTB review you wil find a lot of alternatives to ForexTB.
What you should know about trading using ForexTB
ForexTB is a lively platform that provides various methods of trading online. These instruments cover the financial markets considerably. Most of the broker platforms provide less procedures than ForexTB
If you want to trade with ForexTB, you'll require a minimum deposit of $250. This deposit is required if you would like to start trading using ForexTB. This 2021 ForexTB review will direct you clearly about trading with them.
ForexTB is as flexible as another broker platform. ForexTB is ideal for traders that want a manageable selection of cheap services. The programs offered by ForexTB are third-party, white-label offerings. All traders can pick out of MT4, Web Trader, Tablet & Mobile apps.
Together with everything, ForexTB has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a trade has to be kept open. The brokers provide premium customer service that rewards customers with advantages.
Many unethical brokers try to pressurise consumers into bigger financing for superior services. ForexTB, on the other hand, is more focused on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the further benefits will come along.
ForexTB accounts are available all over the world and provides outstanding service wherever they have clients. There are only a select few countries where ForexTB accounts are not available. Traders in the following countries cannot open or use a ForexTB account:
Is ForexTB Safe To Trade With?
Established in 2015, ForexTB has been operating for 6 years, they are headquarted in Cyprus.
ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15. These figures have rules that make sure that trading platforms have steps in place to maintain investor's assets procured. This usually means that ForexTB users do not need to worry about their money since it's segregated and safely stored in banks that are established. SSL encryption simplifies each user's private information as well.
You are able to make use of an option for 2 Factor Authentications (2FA) with ForexTB for increased security. An SMS with the confirmation code will be sent to a phone. You will be asked to enter this code to log in to your accounts.
Another concern with fiscal brokers with respect to security might be manipulation of trading. This is highly disadvantageous for users on these platforms. However, this is more prevalent in the case of Market Maker brokers who compete with users on the stage.
Pro's & Con's Of Trading With ForexTB
Every online trading platform has some ups and downs, and no ForexTB review would be complete without showing both sides. This ForexTB review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- ForexTB is trusted by 5,000+ clients
- ForexTB offers Negative Balance Protection
- ForexTB doesn't charge inactivity fees
- ForexTB doesn't charge deposit fees
- ForexTB offer trading on MT4, Web Trader, Tablet & Mobile apps
- ForexTB offer 100 trading instruments
- ForexTB trades major forex pairs
- ForexTB trades minor forex pairs
- ForexTB trades exotic forex pairs
- ForexTB offers trading on cryptocurrencies
- ForexTB can communicate in
- ForexTB does not offer Guaranteed Stop Loss
- ForexTB charge withdrawal fees
- ForexTB charge CFD fees
ForexTB Review - Compare Brokers Similar To ForexTB
|ForexTB||Alfa Forex||Degiro||Amscot Stockbroking|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15||Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)||Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB)||Ministry of Economic Affairs and Communications (Estonia)|
|Find Out More|
|Risk Warning||CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor||Your capital is at risk||Your capital is at risk||Your capital is at risk|
ForexTB Review - Regulation And Licencing In More Detail
ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15.
ForexTB, as a company, has a powerful set of rules for ensuring fair trading on its own platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, customer data is never to be shared with some other institutions or individuals. This includes credit history and other financial details.
ForexTB Review - Awards
- At the time of writing this ForexTB review, they had not received any awards.
ForexTB Review - Minimum Deposit Required
The minimum deposit that you must deposit to begin on ForexTB is $250. This is an adequate amount for those just starting out. It's possible to create more advanced deposits as you go along. However, make certain that you understand how to make the most of your money before investing in larger sums.
ForexTB Review - Commission And Fees Explained
ForexTB is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled much better. In other words, an internet broker isn't necessarily affected by the amount of clients they have.
However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 types of fees for this objective.
The first sort of fees to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading charges. In these instances, you are spending a spread, financing rate, or even a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are those that are billed when you maintain a leveraged position for longer than daily.
Apart from trading fees, online brokers also bill non-trading fees. These are determined by the actions you undertake in your account. They're charged for operations like depositing money, not investing for long periods, or withdrawals.
In general, ForexTB doesn't charge high fees compared to other online brokers. For operations other agents fee for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who regularly trade, such as weekly or daily trading.
However, non-trading fees charged by ForexTB are comparatively competitive. As a result, you're charged more for non-trading actions on your trading accounts, such as deposits and withdrawal. These aren't related to the purchase and sale of assets.
This ForexTB review breaks down each of the applicable non-trading fees for you in detail.
Compare broker fees against ForexTB
|ForexTB||Alfa Forex||Degiro||Amscot Stockbroking|
ForexTB Review - Withdrawal Fees Explained
ForexTB charges a withdrawal fee if you create a bank transfer. Each time you move money into your bank account, these withdrawal charges become important.
Withdrawal of money is possible at any moment from your ForexTB account. You can draw sums up to the amount of your account balance, keeping aside the margin used. 1 thing to keep in mind is that you don't necessarily need to have any money on your account.
In addition, the withdrawn money will be transferred directly to the accounts you use to create deposits. Therefore, if you used a credit card for deposits, then the withdrawn cash will be sent into the card. ForexTB will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will depend on the money you're opting to withdraw in.
ForexTB Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your mind when open an account with ForexTB. An inactivity fee is an amount charged to registered traders that have not engaged in purchasing or selling for some time. The period considered inactive is determined by the agent.
The inactivity fee differs from one broker to another and is not standardized. If a traders account does not have a buying or selling trade, it is maintained by the agent as an inactivity fee. The traders need to pay this fee under terms and conditions they had agreed while enrolling.
ForexTB doesn't charge inactivity fees so you are free to use your account as needed
Even if no fees have been implied by ForexTB, it is better that you close the account if you are inactive. Inactivity fees aren't just charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee is contingent on the sort of account you have chosen. The inactivity fee is exposed to a lot of conditions and needs to be revealed clearly by the broker beforehand.
ForexTB Review - Deposit Fees Explained
When you transfer money in your trading account from the bank account, a deposit fee can be billed by the broker. Most brokers don't charge an excessive amount of money for this particular operation.
ForexTB doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the ForexTB trading platform is easy. You simply have to finish a single-user profile questionnaire to start depositing money into your trading account. You'll need to give an identity evidence and proof of residency to deposit large amounts.
ForexTB Review - Compare Broker Deposit Methods
|ForexTB||Alfa Forex||Degiro||Amscot Stockbroking|
What Can You trade With ForexTB?
Note: ForexTB offers many different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may differ depending on the country of residence of the client.
ForexTB has a wide variety of over 100 instruments available for you to trade with.
If trading forex pairs is of interest to you then ForexTB offer over 50 forex pairs.
Compare ForexTB, Alfa Forex, Degiro & Amscot Stockbroking below.
Alternatives To ForexTB
If, after studying this ForexTB review, ForexTB does not quite fulfill your requirements check out these ForexTB alternatives.
We have scoured the internet to find the best alternatives to ForexTB. Click on the links below to learn more.
Frequently Asked Questions about ForexTB
Can I try ForexTB before I buy?
Yes, you can most certainly try ForexTB before you buy. ForexTB provides demo accounts for the ease of beginner traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.
If you register for a demonstration account on ForexTB, you will set out using a decent amount of virtual currency. It is to establish a feeling of security and confidence in you until you choose to invest your own money.
With this digital ForexTBdemo account, you are able to experiment in any way, to whatever period you desire. You can even start positions, examine different trading strategies, and more.
ForexTB specifies on its official website which you can trade real time stocks with your demo account.
Is ForexTB safe?
It is possible to drop all your worries since we believe that ForexTB is totally safe to use. It's in compliance with all the principles of Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15.
Nevertheless, ForexTB does not provide assured stop-loss protection.
Why does ForexTB ask for my passport?
The reason that ForexTB asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, ForexTB has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, ForexTB must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with ForexTB?
The process to start trading withForexTB is perhaps simple enough to be a cakewalk. You need to begin by signing up on the ForexTB website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with ForexTB is $250. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with ForexTB.
The best way to kickstart your trading career with ForexTB is to open a demo account facility before risking any real money
What funding methods do ForexTB accept?
There are multiple methods to fund your account with ForexTB. The process is effortless and quick, with different payment methods at your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You must bear in mind that PayPal isn't available in every country. The currencies ForexTB
Is my money safe with ForexTB?
Yes, your cash is safe and protected with ForexTB. As you already know, ForexTB operates with good conformation to. It has established plenty of measures to protect all of its own investors.
ForexTB protects its customers' personal and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further protect your account, you can empower Two-Step Verification as well. It requires an SMS affirmation that you get your accounts.
Is ForexTB trading good?
Yes, trading via ForexTB is a pleasant and good experience indeed. It is an excellent and intuitive platform with helpful features for your simplicity. In addition, you could even gain access to a huge collection of educational resources and assistive substance to kickstart your trading expertise.
If you remain skeptical, you can open a eToro demo account and assess the credibility of the platform for yourself.
Which Countries does ForexTB support?
ForexTB operates around the globe. However, due to regulations there are some countries that ForexTB can't accept clients from
Is ForexTB legit?
ForexTB is a legit company headquarted in Cyprus since 2015. They are regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15. ForexTB is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is ForexTB a good broker?
ForexTB is a great broker, and its own users may vouch for it. The highlight of the platform is its fast order execution on trades.
You'll discover the clean layout of this platform and the admirable features a pleasure to work with.
Is ForexTB a trustworthy broker?
Yes, ForexTB is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 5,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for ForexTB?
The minimum deposit to open a live account with ForexTB is $250
How long do ForexTB withdrawals take?
Normally, withdrawal of money from ForexTB is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from ForexTB to show in your bank account.
Are ForexTB regulated?
ForexTB are regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15
Is ForexTB a market leading broker?
ForexTB is indisputably one of the business leaders. It supports over 5,000+ registered users and over 6 years of expertise on its own record. They're one of the world's top trading platforms and also a dominant figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and broad selection of tools plus resources so you may put money into capital markets.
Is ForexTB a con?
No, ForexTB is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 and must adhere to their rules. Thus, it is safe to say that ForexTB is not a scam.
Can you make money with ForexTB?
Using ForexTB, many traders earn a great deal of money. However, on average, through consistent trading, you can make between 2% - 10% profit a month.
This can look to be a small number, but over the entire year, this adds to a significant amount of gains. Even though ForexTB provide you all of the tools to earn money, they cannot guarantee you will profit.
Does ForexTB have fees?
Yes. To begin trading with ForexTB, you need to deposit $250. Certain commissions while trading also applies. Any processing fees from your bank will need to be incurred by you.
When was ForexTB founded?
ForexTB was founded in 2015 in Cyprus. ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15.
How many people use ForexTB?
ForexTB is a worldwide recognised agent with 5,000+ customers.
Where is the ForexTB head office?
ForexTB has its head office in Cyprus
Does ForexTB offer negative balance protection?
Yes, ForexTB has Negative Balance Protection. It is specially offered while the industry volatility prevents customers from letting their accounts go into the red. In a situation like this, ForexTB offers the ability to reset a clients account balance to zero.
You are able to go through the important conditions on ForexTB's site to comprehend their policies better.
Does ForexTB offer guaranteed stop loss?ForexTB regrettably, does not provide guaranteed stop loss. ForexTB provides an opportunity to its dealers to close their trade at their specified price. Aside from that, ForexTB does not provide guaranteed stop loss.
Does ForexTB allow scalping?Yes, ForexTB do permit scalping. Many traders throughout the world select ForexTB due to their services that are trading. They offer trading on MT4, Web Trader, Tablet & Mobile apps which allow this.
Does ForexTB allow hedging?
Yes, ForexTB does allow hedging.
Can you trade energies with ForexTB?
No, unfortunately you cannot trade energy stock with ForexTB
Can you trade agricultural shares with ForexTB?
No, unfortunately you cannot trade agricultural stock with ForexTB
Can you trade cryptocurrency with ForexTB?
Yes, you can trade cryptocurrency with ForexTB
Can you trade metals with ForexTB?
No, unfortunately you cannot trade metals with ForexTB
Can you trade UK Shares with ForexTB?
No, unfortunately you cannot trade UK shares with ForexTB
Can you trade US Shares with ForexTB?
No, unfortunately you cannot trade US shares with ForexTB
Can you trade Japanese Shares with ForexTB?
No, unfortunately you cannot trade Japanese shares with ForexTB
Can you trade German Shares with ForexTB?
No, unfortunately you cannot trade German shares with ForexTB
Does ForexTB accept bank transfers?
No, ForexTB does not accept bank transfers.
Does ForexTB accept credit cards?
No, ForexTB does not accept credit cards.
Does ForexTB accept PayPal?
No, ForexTB does not accept PayPal.
Does ForexTB accept Skrill?
No, ForexTB does not accept Skrill.
Does ForexTB accept Payoneer?
No, ForexTB does not accept Payoneer.
Does ForexTB accept Neteller?
No, ForexTB does not accept Neteller.
Does ForexTB offer Live Chat customer support?
No, ForexTB does not offer customer support through live chat.
Does ForexTB offer phone customer support?
No, ForexTB does not offer customer support over the telephone.
Does ForexTB offer email customer support?
No, ForexTB does not offer customer support through email.
What languages can ForexTB communicate in?
ForexTB has the ability to communicate and support customers who speak:
Does ForexTB have a wikipedia page?
No, ForexTB does not have an official wikipedia page.
Does ForexTB offer demo accounts?
Yes, ForexTB offers demo accounts so you can learn their systems before risking any real money.