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're a new entrant in the world of trading and broker, so many details will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You'll get adept at all the concepts of brokerage as you keep trading. For starters, you have to choose the right broker who'll be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program will generate hefty returns. ForexTB is just one such platform that will take you and your investment into great heights. It's important that you know all about ForexTB before you trust them with your money.
Our full ForexTB Review covers everything you need to know about trading with ForexTB. A fantastic broker can multiply your first investments and provide you favorable profits. If you would like to earn profits, you must trade with a brokerage service that aligns with your investment goals.
There's absolutely no sure-fire way to ensure profits; therefore, you should carefully assess your agent before you choose them. It's a common misconception that all brokers will be the same, but that is not true. Wrong judgment, in the beginning, can set your investments in danger.
ForexTB is a broker which has forged its way successfully to the broker world. Within this review, we have tried to collate some of the vital aspects of ForexTB. This review can help you to know whether ForexTB is a good match for your own investments or not. We have tried to breakdown all of the qualities and charges for your advantage.
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 instruments for trading. Since its beginning in 2015, ForexTB has emerged as a top-tier player in the industry of online brokerage. ForexTB has an extremely competitive and full-featured trading website that is focused on forex, indices, metals, shares, commodities.
Over the past 6 years, ForexTB has grown into one of the leading online brokers.
After launching in 2015, their client base has become as big as 5,000+ clients.
ForexTB is a favorite of many dealers because of its negative balance protection. Our ForexTB review discovered that they're an excellent alternative for automated trading solutions. They're most appropriate for investors that are looking for an assortment of assets. Social and automated trading solutions are the core at ForexTB.
Technology plays a substantial role at ForexTB. ForexTB features 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 variety of tools will be beneficial for most traders. Third-party partnerships also supply in-house analysis.
The educational section at ForexTB is quite insightful for new dealers since 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 ought to know about trading using ForexTB
ForexTB is a dynamic platform that offers various methods of online trading. These tools cover the financial markets substantially. The Majority of the brokerage platforms offer less methods than ForexTB
If you would like to exchange with ForexTB, you will 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 safely about trading with them.
ForexTB is as flexible as another broker platform. ForexTB is ideal for traders that want a manageable variety of cheap services. The platforms supplied by ForexTB are third party, white-label offerings. All traders can pick out of MT4, Web Trader, Tablet & Mobile apps.
Along 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 brokers offer premium client service that rewards clients with advantages.
Many less reputable brokers attempt to pressurise consumers into larger financing for premium services. ForexTB, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the greater advantages will come along.
ForexTB accounts are available all over the world and provides excellent service wherever they have clients. There are some 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 2006, ForexTB has been in operation 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 mandate that trading platforms have steps in place to maintain investor's assets secured. This means that ForexTB users do not need to be worried about their money as it's segregated and safely stored in banks that are established. SSL encryption simplifies each user's personal information as well.
You can make use of a choice for 2 Factor Authentications (2FA) with ForexTB for heightened safety. An SMS for the verification code will be sent to your phone. You will be asked to enter this code to log in to your accounts.
Another concern with financial brokers is in respect to security may be manipulation of trading. This is highly disadvantageous to consumers on those platforms. Nonetheless, this is much more widespread in the example of Market Maker agents who compete with customers on the platform.
Pro's & Con's Of Trading With ForexTB
Every online trading platform will have some pros and cons 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||Ducascopy Bank||Valbury Capital||Saxo Markets|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15||Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA)||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA)|
|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||Losses can exceed deposits||Your capital is at risk||Losses can exceed deposits|
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 strong set of rules for ensuring fair trading on its own platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, customer information is never to be shared with any other institutions or individuals. Including 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 a decent amount for people just starting out. You can make more complex residue as you go along. However, ensure that you know 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 bill. The cause of this is that the companies of online brokerages are scaled much better. In other words, an internet broker isn't necessarily influenced by the number of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily 3 types of fees for this purpose.
The first sort of charges to look out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In such instances, you're spending a spread, funding speed, or even a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are those who are billed when you maintain a leveraged position for more than daily.
Apart from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake on your account. They are charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
In general, ForexTB doesn't charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who often trade, for example daily or weekly trading.
But, non-trading fees charged by ForexTB are relatively competitive. Consequently, you're billed more for non-trading actions on your trading account, like withdrawal and deposits. These are not related to the purchase and sale of resources.
This ForexTB review breaks down each of the relevant non-trading charges for you in detail.
Compare broker fees against ForexTB
|ForexTB||Ducascopy Bank||Valbury Capital||Saxo Markets|
ForexTB Review - Withdrawal Fees Explained
ForexTB charges a withdrawal fee when you make a bank transfer. Each time you transfer money back into your bank accounts, these withdrawal fees become important.
Withdrawal of money is possible at any time from the ForexTB account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the perimeter utilized. One thing to remember is that you don't always have to have any cash on your account.
In addition, the withdrawn money will be transferred directly to the accounts you use to create deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn money is going to be sent to the card. ForexTB will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you are opting to draw in.
ForexTB Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions which run through your mind while open an account with ForexTB. An inactivity fee is an amount charged to registered dealers that haven't participated in buying or selling for a while. The period regarded as inactive is decided by the agent.
The inactivity fee differs from 1 agent to another and is not generalized. If a traders account doesn't have a buying or selling transaction, it's maintained by the agent as an inactivity fee. The traders have to pay this fee under conditions and terms they had consented while enrolling.
ForexTB doesn't charge inactivity fees so you are free to use your account as needed
Even if no charges are indicated by ForexTB, it is best that you close the account if you are inactive. Inactivity fees are not only charged by broker companies but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you've chosen. The inactivity fee is exposed to a lot of circumstances and needs to be revealed clearly by the agent beforehand.
ForexTB Review - Deposit Fees Explained
When you move money in your trading account from the bank account, a deposit fee can be billed by the broker. Most agents don't charge an excessive amount of money for this operation.
ForexTB doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the ForexTB trading platform is simple. You simply have to complete a single-user profile questionnaire to begin depositing money into your trading account. You'll have to give an identity evidence and evidence of residency to deposit substantial sums.
ForexTB Review - Compare Broker Deposit Methods
|ForexTB||Ducascopy Bank||Valbury Capital||Saxo Markets|
What Can You trade With ForexTB?
Note: ForexTB offers many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered may differ 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 forex pairs.
Compare ForexTB, Ducascopy Bank, Valbury Capital & Saxo Markets below.
Alternatives To ForexTB
If, after studying this ForexTB review, ForexTB does not meet your requirements check out these ForexTB alternatives.
We have scoured the internet to find the best alternatives to ForexTB. Click 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 provides demo accounts for the ease of beginner traders. You may use this feature to build your faith in the system and yourself and your trading strategies.
If you sign up to get a demonstration account on ForexTB, you will set out using a decent amount of virtual currency. It's to establish a sense of safety and confidence in you before you decide to invest your own money.
With this virtual ForexTBdemo account, you can experiment in any way, to whatever length you wish. You might even open positions, examine different trading strategies, and more.
ForexTB specifies on its official site which you can trade real time stocks with your demo account.
Is ForexTB safe?
You can drop all your worries since we believe that ForexTB is perfectly safe to use. It's in compliance with the rules of Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15.
Nevertheless, ForexTB doesn't 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 ways to fund your accounts with ForexTB. The process is effortless and quick, with various payment methods at your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must keep in mind that PayPal isn't available in all place. The currencies 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 lots of steps to guard all its investors.
ForexTB safeguards its customers' personal and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you want to further protect your accounts, it is possible to empower Two-Step Verification also. It requires an SMS confirmation for you to get your account.
Is ForexTB trading good?
Yes, trading through ForexTB is a pleasant and decent experience indeed. It is an excellent and intuitive platform with useful features for your ease. In addition, you could also obtain access to a huge selection of educational resources and assistive substance to kickstart your trading experience.
If you are still skeptical, you can open a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries does ForexTB support?
ForexTB operates around the world. However, due to regulations there are some countries that ForexTB do accept clients resident in
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 can vouch for this. The highlight of this platform is its quick order execution on transactions.
You'll find the clean design of the platform and the admirable features that 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 among the business leaders. It has over 5,000+ registered users and over 6 years of expertise on its record. They are one of the world's top trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and wide selection of resources plus tools so you can invest in 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, several traders earn a lot of cash. But on average, through consistent trading, you can create between 2% - 10% profit a month.
This can look to be a small number, but over the year, this adds to a substantial number of gains. Even though ForexTB supply you all the tools to make money, they cannot guarantee that you will gain.
Does ForexTB have fees?
Yes. To start trading using ForexTB, you have to deposit $250. Particular commissions while trading also applies. Any processing fees from your bank will have 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's especially offered while the market volatility prevents clients 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 should go through the critical conditions on ForexTB's site to understand their policies.
Does ForexTB offer guaranteed stop loss?ForexTB unfortunately, does not offer guaranteed stop loss. ForexTB provides a chance for its traders to close their trade at their given price. Apart from this, ForexTB doesn't offer guaranteed stop loss.
Does ForexTB allow scalping?Yes, ForexTB do allow scalping. Several traders across the world choose ForexTB for their scalping services. 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.