ForexTB
fx private
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Overview
ForexTB was founded in 2015 and is headquartered in Cyprus, while fx private was established in 2020 and is based in USA. ForexTB holds licences including Cyprus Securities and Exchange Commission (CySEC), while fx private is regulated by Financial Conduct Authority (FCA) among others. ForexTB serves 5,000+ clients worldwide; fx private has 12,000,000+. Both brokers share the same minimum deposit of $250.
| Feature | ForexTB | fx private |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F239 |
| Founded | 2015 | 2020 |
| Country | Cyprus | USA |
| Clients | 5,000+ | 12,000,000+ |
Fees
Fees are a critical factor when choosing between ForexTB and fx private, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. fx private charges withdrawal fees while ForexTB does not, giving ForexTB an edge for frequent withdrawers. Overall, ForexTB scores higher on fees in our assessment.
| Feature | ForexTB | fx private |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
ForexTB offers MT4, MT5, cTrader, while fx private supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. ForexTB edges ahead on platform breadth and functionality in our scoring.
| Feature | ForexTB | fx private |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ForexTB and fx private compare. ForexTB runs regular live webinars; fx private does not. Both provide video tutorials. ForexTB publishes daily market commentary; fx private does not. Both integrate third-party research tools. ForexTB maintains an archive of past webinars for on-demand viewing. ForexTB scores higher overall in education and research.
| Feature | ForexTB | fx private |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ForexTB accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while fx private supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx private uniquely supports PayPal and Skrill and Neteller among the two brokers. fx private scores higher on deposit and withdrawal flexibility.
| Feature | ForexTB | fx private |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ForexTB and fx private offer live chat support. Both provide phone support. Email support is available at both brokers. ForexTB supports 2 languages and fx private supports 8, giving fx private broader global reach. Both brokers are comparable on support quality.
| Feature | ForexTB | fx private |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |