ForexTB is an online trading broker launched in 2015 to provide traders with the right environment and resources for trading over 300 financial instruments online. The broker operates from Cyprus, providing traders with a variety of trading platforms, trading tools, and educational resources whilst a client support team is available to answer all questions. Trading instruments such as forex, commodities, cryptocurrencies, stocks, indices, and CFDs are available for trading, and traders can choose from a choice of four trading account options. The minimum deposit required to operate an account is $250.
ForexTB Review Introduction
In this ForexTB review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including ForexTB.
ForexTB Platforms& Tools
The broker provides traders with two trading platforms — the MetaTrader 4 platform and their proprietary ForexTB trading platforms. The MT4 trading platform is regarded as the industry standard for foreign exchange trading and strategy automation. It features so many analysis and trading tools, such as charting tools, market indicators, scripts, expert advisors, advanced risk management, real-time market execution, and more. The broker makes the MT4 platform available as a desktop application for Windows and Mac computers, a WebTrader, and a mobile app that is compatible with Android and iOS devices and can be freely downloaded from the respective app stores.
The ForexTB trading platform, on the other hand, is an in-house-developed trading platform that is available as a WebTrader and a mobile app for Android and iOS devices. The web version runs directly on web browsers, requiring no downloads or installations whereas the mobile app can be downloaded from the relevant app stores and used to place trades while on the move, provided there is an internet connection.
Traders also benefit from a range of useful trading tools, such as Trading Central, Economic Calendar, Technical and Fundamental Analysis, and more.
ForexTB Research & Education
There is a selection of learning materials contained in the ‘Education’ section of the broker’s website, and they include trading webinars, VOD, e-books, news, glossary, and more.
ForexTB Trading Accounts
The following trading account options are available at ForexTB: Basic, Gold, Platinum, and VIP accounts. The accounts can be operated with the least deposit of $250 and offer low spreads that start from 1.4 pips, while the leverage is capped at 1:30 and 1:400 for retail and professional clients respectively.
ForexTB Account Funding
At ForexTB, deposits and withdrawals are processed using the following payment methods: credit/debit cards, electronic payments, and wire transfer.
ForexTB Customer Service
The broker’s customer support team can be reached through telephone and Live Chat, while the website is available in over 7 different languages to reach a global audience.
ForexTB is operated by ForexTB Limited, a Cyprus Investment Firm that is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 272/15.
ForexTB Review Summary
ForexTB is a regulated retail trading broker that operates from Cyprus, providing traders with several trading platforms to enable them to trade a variety of financial markets. Traders also benefit from a range of useful trading and learning tools, while a client support team is on hand to assist them. There are multiple trading account options to choose from.
It is worth mentioning that some of the trading products and services in this ForexTB review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the ForexTB broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.