ForexTB Guide – Read our In-Depth ForexTB Review
ForexTB Rating: 4.53 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the realm of trading and broker, so many facts will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You will get proficient at all of the concepts of broker since you continue trading. For starters, you have to select the right agent who'll be clear with you always.
In this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program will generate hefty returns. ForexTB is one such platform which will take you along with your investment into great heights. It is important to understand about ForexTB before you trust them with your cash.
ForexTB Guide – Brief Summary
ForexTB Telephone Number:
ForexTB Email Address:
Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15
Number Of Clients:
5,000+ ForexTB users and traders
ForexTB Facebook Likes:
ForexTB Twitter Followers:
ForexTB Instagram Followers:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor
|ForexTB Telephone Number:|
|ForexTB Email Address:|
|Regulated By:||Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15|
|Number Of Clients:||5,000+ ForexTB users and traders|
|ForexTB Facebook Likes:||0|
|ForexTB Twitter Followers:||0|
|ForexTB Instagram Followers:||0|
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor
Our entire ForexTB Review covers all you will need to know about trading using ForexTB. A good broker can multiply your initial investments and provide you favourable profits. If you want to make profits, you must trade with a broker service that aligns with your investing objectives.
There is no sure-fire method to ensure profits; therefore, you should carefully assess your agent before you choose them. It's a common misconception that all agents will be the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
ForexTB is a broker that has forged its way successfully to the broker world. Within this review, we have tried to collate a number of the important facets of ForexTB. This review will help you to understand whether ForexTB is a good match for your investments or not. We have 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?
- ForexTB Risk Disclaimer
- 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 variety of tools for online trading. Since its inception in 2015, ForexTB has emerged as a top player in the field of online brokerage. ForexTB includes a highly aggressive and full-featured trading website that's focused on currency, indices, metals, shares, commodities.
Over the past 6 years, ForexTB has grown into one of the leading online brokers.
After establishing in 2015, their client base is becoming as large as 5,000+ clients.
ForexTB is a favourite for many dealers.. Our ForexTB review found that they are an excellent alternative for automated trading solutions. It's best suited for investors who are looking for a variety of assets. Social and automated trading solutions are the heart at ForexTB.
Technology plays a significant role at ForexTB. ForexTB offers trading on MT4, Web Trader, Tablet & Mobile apps. ForexTB is fair, transparent, and also a well-regulated broker by the Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15. Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
The trader resource department at ForexTB is quite enlightening for new traders as it permits them to have a closer look at the financial markets. ForexTB caters to all sorts of traders and are a must-have broker for any well-diversified method of 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 ought to know about trading with ForexTB
ForexTB is a dynamic platform that provides various procedures of online trading. These tools cover the monetary markets considerably. The Majority of the brokerage platforms offer less approaches than ForexTB
If you would like to exchange with ForexTB, you'll need a minimum deposit of $250. This deposit is compulsory if you wish to begin trading using ForexTB. This 2021 ForexTB review will direct you safely about trading with them.
ForexTB is as flexible as any other broker platform. ForexTB is ideal for traders who want a manageable variety of low-cost services. The platforms provided by ForexTB are third party, white-label offerings. All traders can pick from MT4, Web Trader, Tablet & Mobile apps.
Together with everything, ForexTB has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a transaction must be kept available. The agents offer premium customer service that rewards customers with benefits.
Many unethical brokers try to pressurise consumers into bigger funding for premium services. ForexTB, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the further benefits will come along.
ForexTB accounts are available around the world and provides excellent service everywhere they have customers. There are a few countries where ForexTB accounts are not available. Traders in the following countries cannot open or use a ForexTB account:
BR, KR, IR, IQ, SY, JP, US
Is ForexTB Safe To Trade With?
Established in 2015, ForexTB has been in operation for 6 years, they have a head office 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 keep investor's resources secured. This usually means that ForexTB users do not need to worry about their money as it's segregated and safely stored in established banks. SSL encryption secures every user's personal information as well.
You are able to make use of a choice for Two Factor Authentications (2FA) with ForexTB for increased safety. An SMS with the verification code will be sent to your phone. You'll be required to input this code to log into your account.
Another concern with fiscal brokers is in regards to safety might be manipulation of trading. This is highly disadvantageous to users on these platforms. Nonetheless, this is more widespread in the example of Market Maker brokers who compete with users on the stage.
ForexTB Risk Disclaimer
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor
Pro's & Con's Of Trading With ForexTB
Every online trading platform will have a few 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 Guaranteed Stop Loss
- ForexTB has low minimum deposit requirements
- ForexTB doesn't charge withdrawal fees
- ForexTB doesn't charge inactivity fees
- ForexTB doesn't charge deposit fees
- ForexTB doesn't charge CFD 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 English, and Chinese
- ForexTB does not offer Negative Balance Protection
- ForexTB doesn't offer social trading
- ForexTB doesn't offer copy trading
- ForexTB doesn't offer trailing stop
ForexTB Review - Compare Brokers Similar To ForexTB
|ForexTB||Bailieu||Hantec Markets||Vanguard Investments|
|Rating||4.53 / 10||5.63 / 10||3.13 / 10||4.76 / 10|
|Headquarters||Cyprus||Australia||UK, Hong Kong||United States|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15||Australian Securities and Investment Commission (ASIC)||Financial Conduct Authority (FCA)||Office of the Comptroller of the Currency|
|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||Losses can exceed deposits||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 onto its own platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client information is to not be shared with some other institutions or individuals. Including credit history and other financial information.
ForexTB Review - AwardsAt the time of writing this ForexTB review, and despite ForexTB’s impressive offering, the company has surprisingly not garnered any other awards to date.
ForexTB Trading Platforms
ForexTB are a professional broker that has been trading for over 6 years. They offer a large range of options in their user accounts.
Below we take the main parts of any great broker and compare ForexTB with Bailieu, Hantec Markets, and Vanguard Investments
ForexTB Review - Minimum Deposit Required
The minimum deposit that you need to get started on ForexTB is $250. This is an adequate amount for those just starting out. It's possible to create more complex residue as you go along. But, ensure that you understand how to make the most of your cash before investing larger amounts.
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 reason for this is that the businesses of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the number of clients they have.
But this does not mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 different types of fees for this purpose.
The first kind of fees to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In such cases, you are spending a spread, funding speed, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling price. Financing or overnight rates are those who are charged when you hold a leveraged position for more than a day.
Aside from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake on your account. They're charged for services like depositing money, not investing for lengthy periods, or withdrawals.
In general, ForexTB doesn't charge high fees in comparison to other online brokers. For operations other brokers charge for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for people who often exchange, for example daily or weekly trading.
But, non-trading fees billed by ForexTB are comparatively higher. As a result, you're billed more for non-trading actions in your trading account, such as withdrawal and deposits. These are not about the purchase and sale of resources.
This ForexTB review breaks down every one of the applicable non-trading charges for you in detail.
Compare broker fees against ForexTB
ForexTB Review - Withdrawal Fees ExplainedForexTB doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from the ForexTB account. You can withdraw up sums to the sum of your account balance, keeping aside the perimeter used. One thing to keep in mind is that you don't always need to have any cash in your accounts.
Moreover, the withdrawn money will be transferred directly to the account you use to create deposits. Thus, in the event that you used a credit card for deposits, the withdrawn money will be sent to the card. ForexTB will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you're opting to withdraw in.
ForexTB Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions which run through your head when open an account with ForexTB. An inactivity fee is an amount charged to registered traders who haven't participated in purchasing or selling for a while. The period considered inactive is decided by the agent.
The inactivity fee also differs from one broker to another and is not standardized. If a traders account does not have a purchasing or selling trade, it is claimed by the broker as an inactivity charge. The traders need to pay this commission under terms and conditions they had agreed while registering.
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's better for you to close the account if you're inactive. Inactivity fees are not just charged by broker companies but also many financial services.
For other trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is exposed to a lot of circumstances and needs to be disclosed clearly by the broker beforehand.
ForexTB Review - Deposit Fees Explained
When you move money in your trading account from your bank account, a deposit fee can be charged by the broker. Most agents do not charge too much 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 simple. You simply need to complete a single-user profile questionnaire to start depositing money into your trading account. You'll need to provide an identity evidence and evidence of residency to deposit substantial amounts.
ForexTB Review - Compare Broker Deposit Methods
What Can You Trade With ForexTB?
Note: ForexTB offers a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered will be different based 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 currency pairs.
Compare ForexTB, Bailieu, Hantec Markets & Vanguard Investments below.
Reviewing The ForexTB Mobile App
Note: ForexTB's mobile app has a lot of functionality and is being developed all the time. What follows was accurate at the time of writing this ForexTB review.
Understand the capabilities of the mobile apps of ForexTB, Bailieu, Hantec Markets & Vanguard Investments below.
Alternatives To ForexTB
If, after reading this ForexTB review, they do not meet your needs check out these ForexTB alternatives.
We've scoured the internet to find the best alternatives to ForexTB. Click on the links below to find out more.
Frequently Asked Questions about ForexTB
Can I try ForexTB before I buy?
Yes, you can most certainly try ForexTB before you buy. ForexTB offers demo accounts for the convenience of new traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you register to get a demo account on ForexTB, you may set out using a decent amount of virtual money. It's to establish a sense of security and confidence in you until you choose to invest your own money.
With this digital ForexTBdemo account, you can experiment in any way, to whatever length you wish. You can even start positions, test different trading strategies, and more.
ForexTB specifies on its official site that you are able to trade real time stocks in a demo account.
Is ForexTB safe?
It is possible to drop all your worries because we believe that ForexTB is perfectly safe to use. It's in compliance with all the rules of Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15.
To its credit, ForexTB provides 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 account 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 a number of ways to finance your account with ForexTB. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must keep in mind that PayPal isn't available in all place. The monies ForexTB
Is my money safe with ForexTB?
Yes, your money is safe and protected with ForexTB. As you know, ForexTB operates with proper conformation to. It has established plenty of measures to protect all its investors.
ForexTB safeguards its customers' private and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further protect your account, you can enable Two-Step Verification as well. It takes an SMS affirmation that you access your account.
Is ForexTB trading good?
Yes, trading via ForexTB is a nice and good experience indeed. It is a great and intuitive platform with helpful features for your simplicity. Moreover, you could even obtain access to a vast selection of educational tools and assistive material to kickstart your trading experience.
If you are still skeptical, it is possible to start a eToro demo account and evaluate the trustworthiness of the platform for yourself.
Which Countries does ForexTB support?
ForexTB operates around the world. However, due to regulations there are some countries that ForexTB does not accept clients from BR, KR, IR, IQ, SY, JP, US
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 an excellent broker, and its own users may vouch for this. The highlight of the platform is its quick order execution on trades.
You'll discover the clean design of the platform along with the commendable 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 currently one of the business leaders. It has over 5,000+ registered users and over 6 years of expertise on its record. They're among the world's top trading platforms and a dominant figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and broad range of tools plus resources so that 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?
Through ForexTB, several traders make a lot of money. But typically, through consistent trading, you also can make between 2% - 10% profit a month.
This may seem like a small number, but over the year, this adds to a substantial number of gains. While ForexTB provide you all the tools to make money, they can't guarantee that you will profit.
Does ForexTB have fees?
Yes. To start trading with ForexTB, you have to deposit $250. Particular 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 broker with 5,000+ customers.
Where is the ForexTB head office?
ForexTB has its head office in Cyprus
Does ForexTB offer negative balance protection?
No. ForexTB does not offer negative balance protection. If your balance is negative, ForexTB indicates that you promptly contact client services. With this, you can fix any imbalances in your own account.
Does ForexTB offer guaranteed stop loss?
Yes, ForexTB provide a guaranteed Stop Loss order.
When there is no free margin left together with the customer, ForexTB will stop your own positions. When the losses in the ceased out location exceeds your account balance, you might experience a negative account balance.
Does ForexTB allow scalping?Yes, ForexTB do allow scalping. Many traders across the world select ForexTB for their scalping services. They offer trading on MT4, Web Trader, Tablet & Mobile apps which let 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?
Yes, ForexTB accepts bank transfers for depositing money.
Does ForexTB accept credit cards?
Yes, ForexTB accepts credit cards for depositing money.
Does ForexTB accept PayPal?
No, ForexTB does not accept PayPal.
Does ForexTB accept Skrill?
No, ForexTB does not accept Skrill.
Does ForexTB accept Payoneer?
Yes, ForexTB accepts Payoneer for depositing money.
Does ForexTB accept Neteller?
No, ForexTB does not accept Neteller.
Does ForexTB offer Live Chat customer support?
Yes, ForexTB offers customer support through live chat.
Does ForexTB offer phone customer support?
Yes, ForexTB offers customer support over the telephone.
Does ForexTB offer email customer support?
Yes, ForexTB offers customer support through email.
What languages can ForexTB communicate in?
ForexTB has the ability to communicate and support customers who speak: English, and Chinese
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 test your trading strategies before risking any real money. Newbie traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of ForexTB's features before signing up for a live account.