ForexTB Review: Is ForexTB A Good Broker For You?

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Company Specification Payment Platform Support FAQ

ForexTB is a well-established broker since 2020. ForexTB has a headquarter in Cyprus. ForexTB to provide their Forex/CFD trading services to over 4 million clients.

This broker has also been regulated by CySEC 272/15.

Major Information

💲 Min Deposit $250

⚖ Max Leverage 1:30

💡 Min Position 0.01 lot

🌐 Website www.forextb.com

⌛ Year Established 2020

2.46/5

2.30/5

4.72/5

Features

📁 Segregated accounts

📖 Free education

Account Information

Apart from the forex demo account, this broker offers Basic, Platinum and VIP. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by ForexTB is up to 1: 30. Meanwhile, you can open an account with a starting capital of $250.

Min Deposit

$250

Max Leverage

1:30

Spread

Fixed

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:

💲 Min Deposit $250

💡 Min Position 0.01 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

⏱ Trailing stop

⏳ Pending orders

1️⃣ One-click trading

⚡ Automated trading

💸 Commission

Instruments Traded

Besides lots of currency pair, ForexTB also offers some instruments you would like to trade on, such as Forex, CFD and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Basic account, ForexTB specifically provides it with the following instruments and leverage:

Forex
1:30

CFD
1:30

Crypto
1:5

💲 Min Deposit $100000

💡 Min Position 0.01 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

⏱ Trailing stop

⏳ Pending orders

1️⃣ One-click trading

⚡ Automated trading

💸 Commission

Instruments Traded

As for Platinum account, ForexTB specifically provides it with the following instruments and leverage:

Forex
1:30

CFD
1:30

Crypto
1:5

💲 Min Deposit $250000

💡 Min Position 0.01 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

⏱ Trailing stop

⏳ Pending orders

1️⃣ One-click trading

⚡ Automated trading

💸 Commission

Instruments Traded

As for VIP account, ForexTB specifically provides it with the following instruments and leverage:

Forex
1:30

CFD
1:30

Crypto
1:5

Payment Methods

PayPal : Online payment was not a thing back in the early 2000s, but PayPal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

ForexTB also provides payment with iDEAL, giropay, Trustly, SOFORT, Przelewy24, MyBank and Credit/debit cards

Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, ForexTB offers you MetaTrader 4, Mobile Trading Platform and WebTrader.

Customer Support

Do you have any question or find any trouble related to ForexTB? If you do, you should reach ForexTB's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

German

English

Spanish

Italian

Dutch

Polish

Swedish

Office Support

Email Support

Call Support

Chat Support

FAQ About ForexTB

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if ForexTB is a good broker for you or not by reviewing the criteria. In general, ForexTB provides trading service in Forex , CFD and Crypto . As for the payment methods, you can choose between PayPal, Skrill, Wire transfer, Credit/debit cards, Neteller, iDEAL, SOFORT, giropay, Przelewy24, MyBank and Trustly. The customer support is available via Email, Phone, Callback and Live chat.

The starting capital in ForexTB is $250.

ForexTB is regulated by CySEC 272/15. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.

ForexTB is a brokerage company offering trading services for clients since 2020 with offices in Cyprus.

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