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ForexTB – Broker Review and Trader Feedback 2021

4.5 / 5
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.15% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

ForexTB is a premier broker and trading platform for online trading. ForexTB offers forex trading, which is available across all of its platforms.

General Information

ForexTB is a brokerage brand operated and managed by Forex TB Limited, an investment firm based in Cyprus. Forex TB Limited has its office at 45A Kratinou Street, 2040 Strovolos, Nicosia, Cyprus, and is registered, authorized, and regulated by the Cyprus Securities and Exchange Commission with license number 272/15, and registration number 310943.

ForexTB was established in 2015 by a group of investors with years of market experience who were seeking a synergy of modern technology and their years of trading experience.

The ForexTB website is available in multiple international languages including English, Spanish, Italian, etc. However, there are restrictions to traders from the U.S., Belgium, and Switzerland.

Advantages and Disadvantages

The advantages and disadvantages offered by ForexTB are:

Trader education: ForexTB offers trading education on its website. This education covers the important areas, such as definition of terms, technical and fundamental analysis, leverage and margin, etc. ForexTB also offers trading eBooks, as well as instant market news.

Fast executions: thanks to modern technology, traders using the ForexTB trading platforms can place market orders and expect the fastest possible speed of execution. This allows clients to take advantage of the market via the super-fast platform.

Security: ForexTB is regulated by CySEC, the Cyprus Security and Exchange Commission which is regarded as one of the top European trading regulators. This assurance gives huge credence to the brokerage’s pledge of safety of deposits and profits of investors.

A large number of financial assets: ForexTB offers traders a large number of tradable assets. Traders have access to CFDs on forex pairs, indexes, stocks, commodities such as gold, silver, crude oil and so on. The website lists an impressive array of over 300 financial assets, which is still growing.

Customer support: customer support is available on ForexTB. Clients have access to agents via live chat or can reach them via a support contact form. ForexTB also provides a phone number, email address, and a physical mail address.

Ease of deposits, withdrawal, and trading: ForexTB offers easy options for deposits and withdrawals. There are also four different trading accounts with varying conditions, designed to suit the needs of all clients.

Low trading volume: ForexTB allows a low trading volume of 0.01 LOT

Demo account: ForexTB has a Demo account, where traders can practice strategies and become familiar with the broker and its platforms.

Maintenance fee: unfortunately, ForexTB charges a little fee to keep dormant accounts active. If no deposit, trading or withdrawals are made over a certain period, the account becomes dormant and a fee is charged to keep it active.

Trading Conditions

ForexTB allows clients to open trading positions with as little as 0.01 lots. There is no limit to the trade size, and traders can take on leverages of up to 1:30. ForexTB offers a chart filter, which enables the trader to see the popularly traded assets. From there, it is easy for traders to calculate the spreads on each asset.

Underlying Assets

ForexTB offers clients over 300 assets to trade in the global market. Clients can trade CFDs on Forex assets such as GBP/USD, EUR/USD, EUR/GBP, etc. among others. Clients can also trade CFDs on stocks of major companies such as Apple, Facebook and indices such as NASDAQ, FTSE 100, etc, commodity trading is also available. Apart from that, clients can trade oil, gold, silver and even livestock commodities.

Trading Platform

In order to serve investors better, ForexTB offers three unique but similar trading platforms so that traders can use their choice.

The Patron Web-based platform – ForexTB web-based platform is proprietary and is hosted on its website. This platform is easy to navigate and features the necessary trading tools such as graph charts, orders, asset lists, and indicators. Clients can easily navigate market orders and place trades. The web platform is available on internet-enabled smartphones, computers, and tablets. Devices that run IOS, Android, and Windows can comfortably access the trading platform. Traders can contact agents for live chat support and make use of a wide variety of tools.

MT4 trader – Clients who prefer the MT4 trading platform can also access ForexTB via that platform. The MT4 application can be downloaded on smartphones and computers. MT4 offers traders advanced trading tools such as different charts and over 50 technical indicators that are customizable. With MT4, traders can also conveniently monitor the market in order to achieve the best results and build their own trading strategies.

All the platforms are secure, and traders have to verify their accounts before they can withdraw profits.

Mobile Trading

ForexTB allows users who prefer to download an application to trade on-the-go. The mobile software is available for both Android and IOS users and can be downloaded from their respective app stores. It supports full features of the broker – account registration, deposits, withdrawals, technical and financial analysis, and live market updates. The seamless user experience means that traders can take advantage of the market with ease and at their discretion.

Demo Account

Demo account is available for traders who wish to practice strategies and acquaint themselves with the broker. The demo account is free to open, and traders can practice for as long as they want with a refillable $100,000 balance.

Account Types

There are four types of accounts available on the ForexTB broker platform:

Basic account – The basic account has a minimum deposit of $250, and spreads as low as 2.5 pips. The account also comes with one basic lesson, two daily TC SMS alert, 100% margin call, one free withdrawal, daily news, etc. But traders using this account type do not have access to webinars with agents.

Gold account – A gold account has a minimum deposit amount of $25,000, and spreads can be as low as 2 pips. Traders on this account have access to two basic lessons, one monthly webinar, two daily SMS alerts, daily news, 100% margin call, and one monthly free withdrawal.

Platinum account – A platinum account is similar to a gold account. But the minimum deposit is pegged at $100,000 and spreads at 1.6. Traders can access two monthly webinars, three advanced lessons, daily news, four daily TC SMS alerts, three monthly free withdrawals, and a 100% margin call.

VIP account – The VIP account is the biggest account available on ForexTB. It comes with a minimum deposit of $250,000 and spreads of as low as 1.1 pips. VIP traders can have access to five monthly webinars, five advanced lessons, seven daily TC SMS alerts, daily news, and 100% margin call. There are no withdrawal fees, and traders can have access to live video support.

There is also a category of traders called the “Professional Clients”. Professional clients enjoy negative balance protection, access to premium content, dedicated account managers, VIP platinum education, higher leverage (up to 400:1), daily trading signals and news. To become a professional client, traders have to satisfy certain conditions on trading volume, experience level, and financial status.

Opening an Account

Opening an account on is quite simple. Upon clicking the Sign Up button, the user is presented with a page with two buttons placed side-by-side: Demo and Real. The page opens to the real account. The user must provide full details such as name, email, and phone number. The user must check two consent boxes and then click the Start Trading button. Login details are sent to the registered email, and trading can begin immediately. The processes similar for opening a demo account.

Account verification is required and the acceptable documents are: valid national or passport ID, driving license, utility bills, credit card or e-Wallet details.

Funds Withdrawal

ForexTB allows clients to deposit funds via three methods: credit/debit card, electronic payment, and wire transfer. Deposits are processed quickly and will arrive in the account within an hour. Withdrawals are made via the same methods, and are processed just as fast.
No fees are attached to deposits, but withdrawals fees apply after the first free withdrawal monthly.

Trader Training

ForexTB offers some form of training and education to traders. This includes free monthly seminars, advanced forex training, free e-Books, as well as a well-written FAQ.

Should I Trade with ForexTB?

Yes. ForexTB is a regulated, modern trading brokerage that offers multiple platforms to suite various needs of traders. ForexTB offers an easy way to trade, with technical and financial analysis available. Traders have access to forex training and live chat support. Deposits and withdrawals are easy to make, and traders can be assured of a safe and regulated broker registered with the much respected CySEC.

Reviews on ForexTB

Comments about ForexTB
( 20 )
User rating: 4.6 / 5

Comments: 20

  1. avatar
    Anand Dhingra
    26/10/2020

    Sad that there’s no MT5 available, you can trade only with MT4. By the way, that’s only one severe disadvantage that I’ve noticed. In other regards ForexTB is nice enough, compared to other brokers that I was trading with. There are a lot of currency pairs, even GBPINR (but spread is 706 pips, lol). Don’t be afraid, for majors spreads are around 1.5-1.7, so it’s okey =)

  2. avatar
    Ajay Thuladhar
    27/10/2020

    I used to think that that only factor that should matter when you choose a broker is their trading conditions policy and reputation. I was wrong.
    My first experience trading live was not that bright. The broker I traded with showed me the great performance on a demo account, yet when it came to trading live the quotes strated behaving weirdly. Huge spikes, outrageous gaps wehere they were not supposed to be accordint to other sertvices.
    ForexTb’s trading conditions are not as good as they were at that scam brokerage, yet here they don’t manipulate quotes and allow you trade according to the real market data, not a manipulated one.
    So I guess this is a good reason to suggest considering this company to other traders. They are regulated, have got all the licenses, withdrawals get on account in time according to my experience.

    5/5

  3. avatar
    Waldo
    31/10/2020

    Does ForexTB offer variable spreads?

    • avatar
      Wiljami Rokko
      19/11/2020

      Yeap. The broker offers flaoting spreads for all account types. I suggest using a gold account in case you are interesting in tighting up the spreads.

  4. avatar
    Arty Kram
    07/11/2020

    People normally leave negative revies only to warn other people about possible scam or disappointments. I think this is a bad habit and I believe that sincere gratitude can help one prolong the success of collaboration. Positive review when you are satisfied with the product or service are no less important.
    My experience with ForexTB was strictly possible so this is my little note to say thank you for the great work done!!

    5/5

  5. avatar
    Zelman Vuch
    30/11/2020

    I find the broker to be quite a pleasant partner to trade with. Service is reliable. Trouble-free. I can recommend for any type of trading apart from scalping. I guess you should be looking for better trading fees is you scalp. If I were a scalper I would. But I only do a dozen trades a week and hold positions overnight so I’m ok with spreads too.

  6. avatar
    Stef Mijsberg
    03/12/2020

    i came in trading as a complete nube and i still dont give up. the last two months were good for me personally. i think ghat would be fair to share the success with forextb as they supplied me with access to some interesting stocks. actually only 3 of them made up all the recent profit. so im actually gratefull the broker has got those three among the assets they support. my ‘success’ story could have been very different otherwise.

    5/5

  7. avatar
    Harsanto Winarno
    04/12/2020

    I can’t say a lot about this company. It seems to be good, I’ve found no significant disadvantages, but I also haven’t found any killing-features that would make me say that I recommend this brokerage. I would name it ‘standard one’, as there everything feels to be top notch, but I understand there are tens of the same brokers with the same trading conditions. If you wanna trade wth exactly this brokerage, I think that’s okey, but if you’re already trading with good brokerage, than I’m not sure ForexTB would be better.

    4/5

  8. avatar
    Timo de Grant
    26/12/2020

    I’ve choose this brokerage by reviews on the Web and since that time I’m trading with ForexTB. There’s mobile app, CySEC regulation and a lot of assets. In other words – everything I need for my trading. I can’t there is something extraordinary, but it offers nice service.

  9. avatar
    Madhur Basyal
    30/12/2020

    Finally, they added mobile app for iOS, I was waiting for it for so long and now it’s in! Actually, I don’t like there’s no 24/7 support and no MT5, I see these as significant problems, hope company would fix at least support, as sometimes you need to get urgent help.
    But okey, if we don’t focus on support, then brokerage is one of the best I’ve traded with at all. I like it’s regulated by CySEC and there’s wide range of assets with quite tight spreads and no restrictions for trading.

  10. avatar
    Tymoteusz Borkowski
    05/01/2021

    What’s the advantage of trading CFDs with ForexTB?

    • avatar
      Easton Touer
      26/01/2021

      They allow trading some really neat stocks’ CFDs that other CFD brokers don’t always offer to trade. Trading Central with their signals and excellent executions are the other two reasons that can boost your performance on the market.

  11. avatar
    Romeo Zviedrītis
    05/01/2021

    Brokerage offers everything you need for sucessfull trading – here’s WebTrading for those who don’t want to care about installing Metatrader app, MT4 for those who need EAs and algorithms, Trading Central for economic insights and analysts views and mobile trading to keep on trading even if you’re away from your PC. Imo, that’s a full pack you need for sucessfull trading, especially taking in account that the spreads for major assets are quite ok.

    5/5

  12. avatar
    Ethan Rinaldi
    28/01/2021

    I am sincerely glad that you can count on the help of managers here even if you work with minimal capital and suddenly run into some difficulties.
    Here they can help with a conclusion, suggest something useful in terms of strategy and generally guide you a little if you suddenly find yourself in a dead end – this is really valuable for me as a client.

  13. avatar
    Adam Posada
    30/01/2021

    I chose the company for a few things. And mostly it’s the useful services that are there. So I haven’t met anywhere else services based on artificial intelligence in brokers. And ForexTB has such one. It’s a news search service. It allows you to always consider current trends and, therefore, better predict price movements’ direction.
    Also, the company has a high-quality technical analysis. There are many tools for more professional trading.

  14. avatar
    Christian Pontes
    02/02/2021

    How many watchdogs regulate your brokerage company?

    • avatar
      Armando Baumbach
      12/03/2021

      The broker works under the CySEC lincese. CySEC only, I guess.

  15. avatar
    Ricardo Zamana
    05/02/2021

    I really liked the main terminal of this broker. Everything is clear and very conveniently located and there is a sufficient number of assets and tools for technical analysis that allow you to analyze the market at all levels, and in terms of the number of time frames, everything is not very modest, there is everything you need. So I recommend that you try, even if you are already familiar with MT, it can become some kind of new and interesting stage in your work, that’s for sure.

    5/5

  16. avatar
    Jarod Dickinson
    02/04/2021

    I have been trading for no more than a year, although it is hard to call it trading …. almost all the time, I worked with another broker. He had excellent conditions and colossal leverage, and ok quotes.
    As I remember, then the quotes changed sharply depending on my trade. Therefore, I decided to compare them with other brokers and found the truth … he faked the data and all the incoming information about what to earn on his users. It was terrible.
    It took me a long time to choose a new broker, because I didn’t trust them as much as before. I used trading forums for this, where I found reviews about ForexTB.
    The broker was not unusual, and the leverage is the same as everyone else’s, etc. In fact, the priority for me was “iron” reliability, and ForexTB did not disappoint me in this. He has excellent regulation from the British organization, which means they can’t get away with any scam That’s cool.
    I have been trading here for more than three weeks. So, I have been trading for a week with a real account. The broker passed my test and withdrew my funds in just a few hours.
    Quotes are also honest and show clearly like everyone else, without slowdowns or freezes. I am glad that I finally found a broker with whom I can safely trade on MT4 and not worry about unnecessary risks.

    • avatar
      Juan Jose Rosas
      24/04/2021

      What assets do you trade the most on ForexTB?

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ForexTB – Broker Review and Trader Feedback 2021

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