ForexTB Rated 3/5

ForexTB Guide - Read our In Depth 2021 ForexTB Review

This ForexTB review was written by industry experts with over 20 years of financial experience in Forex, CFDs, Indices, Stocks, Commodities, Cryptocurrency .
The content in this ForexTB review does not apply to US users.

Benefits of Trading with ForexTB

ForexTB Review 2021 Quick Summary
💰 Min Deposit 250
👱‍♂️ Used By 5,000 ForexTB users and traders
📆 Founded 2015
🌍 HQ Cyprus
👮‍♂️ Regulation Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15
🚫 Excluded Countries ForexTB is not available in the following countries : US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR

Open ForexTB's Website

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor

learn more Learn more about eToro. 67% of retail investor accounts lose money when trading CFDs with this provider.

What is ForexTB?

ForexTB are a global online financial trading platform and multi asset broker founded in 2015

Over 6 years later ForexTB has grown to offering retail investors Forex trading, CFDs trading, Indices trading, Stocks trading, Commodities trading, and Cryptocurrency trading.

ForexTB are a global broker. ForexTB have a head office in Cyprus.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this ForexTB review and assess how well the ForexTB platform functions in its role as an international multiple financial asset trading platform for traders in 2021.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like ForexTB can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of ForexTB we breakdown the pros and cons. What ForexTB are able to offer, what countries ForexTB are available in. Who ForexTB are regulated by and more.

ForexTB Review Screenshot

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this ForexTB review useful.

This review of the ForexTB platform is very detailed. If you are interested in trading with ForexTB in any capacity please take the time to read and research the whole ForexTB review.

We have tried to explain the ins and outs of financial trading through the ForexTB platform as plainly as possible so that you the trader are as informed as possible before you start to use the ForexTB trading tools and depositing and withdrawing funds from ForexTB.

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with ForexTB like Forex trading, CFDs trading, Indices trading, Stocks trading, Commodities trading, and Cryptocurrency trading. you should have confidence in ForexTB and know that the management of your financial investments on the ForexTB platform are in good hands.

At the bottom of this ForexTB review you can also learn about some pretty good alternatives to ForexTB

With this ForexTB review we hope to help you see if ForexTB is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding ForexTB that will help you get off to a good start in the world of online trading.

ForexTB Review Table of Contents

ForexTB review
ForexTB is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about ForexTB. ForexTB is a multi asset platform with 100+ tradable Assets. Assets available on ForexTB include Forex, CFDs, Indices, Stocks, Commodities, Cryptocurrency .

ForexTB trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, CFDs, Indices, Stocks, Commodities, Cryptocurrency are considered financial assets.

Features of ForexTB

ForexTB review
What you should know

ForexTB offer six ways to trade: Forex, CFDs, Indices, Stocks, Commodities, Cryptocurrency .

With ForexTB you will need a minimum deposit of $250. You can sign up for a demo account to acquaint yourself with ForexTB platform.

ForexTB are able to accommodate various levels of traders whether you are experienced or a beginner.

Are ForexTB safe?

When choosing a broker like ForexTB the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2015, and in operation for 6 years ForexTB have a head office in Cyprus.

ForexTB is regulated. This means ForexTB are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ForexTB, this will be honored. If ForexTB violate any regulatory rules their regulated status could be stripped.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor

Is my money safe with ForexTB?

Any payments funded to ForexTB accounts by traders are held in a segregated bank account.

For added security ForexTB use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should ForexTB use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in ForexTB deposited in a Tier 1 bank?

Having any money you deposit with ForexTB means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if ForexTB goes out of business for some reason.

Therefore, we can safely conclude that ForexTB is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex, CFDs, Indices, Stocks, Commodities, Cryptocurrency is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. ForexTB also clearly state on their platform that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor.

Now that we have answered some important questions regrding ForexTB. let us look at the ForexTB features in more detail.

Try creating two accounts when you are working with ForexTB. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit ForexTB

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How ForexTB as a Company Compare Against Other Brokers

Broker forextb eToro XTB IC Markets
Year Established 2015 2007 2002 2007
Head Office Cyprus Cyprus, UK Poland Australia
Regulation Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 5,000+ ForexTB users 20,000,000+ eToro users 250,000+ XTB users 180,000+ IC Markets users
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit ForexTB Visit eToro Visit XTB Visit IC Markets
Risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor 67% of retail investor accounts lose money when trading CFDs with this provider. 77% 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. Losses can exceed deposits

ForexTB review
ForexTB Pros and Cons

What we like about ForexTB

  • Used by over 5,000 ForexTB users and traders
  • Established in 2015
  • Regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15
  • Min. deposit from $250

What we don't like about ForexTB

ForexTB review
ForexTB Regulation and Licensing in more detail

We have checked and ForexTB is regulated and supervised by reputable organisations. You are able to check every ForexTB supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with ForexTB. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria for license approval, this is determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect ForexTB traders and provide a safe trading environment. Financial regulation and license approval is essential.

ForexTB is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as ForexTB you should be sure they're legitimate online agent.

Is ForexTB Global?

Yes, ForexTB is global as ForexTB is available in over 188 countries.

ForexTB is a global trading platform in the sense that it operates in 188 nations including nations in Europe, Asia, Oceania, and Africa. Major countries ForexTB covers include the UK, Germany, Australia, South Africa, Thailand, and China. ForexTB has a total of more than 5,000 users.

ForexTB review
ForexTB Fees Explained

  • ForexTB withdrawal fees varies on payment method
  • ForexTB does not charge a fee for inactive accounts.
  • ForexTB doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How ForexTB Fees Compare Against Other Brokers

Broker forextb eToro XTB IC Markets
Min Deposit 250 200 0 200
Withdrawal Fees varies Yes varies No
Inactivity Fees No Yes No No
Deposit Fees No No No Varies
CFD Commission Fees Yes No Yes Yes

ForexTB Minimum Deposit

ForexTB require a minimum desposit of 250 GBP/USD when opening an ForexTB trading account.

A minimum deposit is the minimum amount of money required by ForexTB to open a new online brokerage account with them.

Dont be scared off by brokers like ForexTB charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

ForexTB Withdrawal Fees

ForexTB withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.

ForexTB for example allow you to withdraw your funds to Electronic wallets (eWallets), Credit cards, Bank Transfer, Debit cards.

ForexTB Inactivity Fees

ForexTB does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

ForexTB Desposit Fees

ForexTB does not charge deposit fees.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

ForexTB Commission Fees

ForexTB does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

ForexTB review
What can you trade with ForexTB?

Be aware that Different entities under ForexTB Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with ForexTB over 100 instruments infact.

If you are looking for Forex brokers to trade currency pairs on global Forex markets ForexTB offer over 50 currency pairs.

Compare ForexTB with eToro and XTB below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor

How ForexTB Trading Options Compare Against Other Brokers

Broker forextb eToro XTB IC Markets
Instruments Available 100 2000 4000 232
Platforms MT4, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
FX / Currencies        
Forex pairs offered 50 50 57 65
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 21 19
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 0 2042 1696 110
UK Shares No Yes Yes No
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit ForexTB
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor
Visit eToro
67% of retail investor accounts lose money when trading CFDs with this provider.
Visit XTB
77% 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.
Visit IC Markets
Losses can exceed deposits

ForexTB review
Trading on ForexTB web platforms and other applications

ForexTB offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

ForexTB also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See ForexTB's platforms

Is the ForexTB Trading Platform Secure?

ForexTB safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. ForexTB also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating ForexTB.

ForexTB Trading Platform Options

Once you have logged into your ForexTB account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

ForexTB does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

ForexTB does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options ForexTB gives you.

ForexTB review
ForexTB MetaTrader 4 (MT4)

ForexTB MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with ForexTB. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with ForexTB in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. ForexTB MetaTrader 4 is compatible with the latest macOS Mojave. ForexTB allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on ForexTB

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade ForexTB MetaTrader 4 on IOS Devices

You can download the ForexTB app or also trade with ForexTB through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade ForexTB MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. ForexTB provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android ForexTB MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade ForexTB MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

ForexTB MetaTrader 4 Advanced Trading Tools

The ForexTB advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. ForexTB offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade ForexTB MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

ForexTB MetaTrader 4 AutoChartist

ForexTB Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

ForexTB Trading benefits

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

ForexTB Trading Accounts Offered

Below we give an overview on the account types that ForexTB offer. Whatever you are looking to trade the varying ForexTB account types will be able to provide you with what you need.

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • STP account

Can I try ForexTB before I buy?

ForexTB offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor

ForexTB withdrawal and funding methods

Please note that the list of ForexTB payment methods below depend on the ForexTB Entity and the Clients Country of Residence.

All available ForexTB payment methods available to you can be found in your ForexTB members area checked on the ForexTB website.

ForexTB offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about ForexTB

ForexTB Payment Methods

  • ForexTB accepts Electronic wallets (eWallets)
  • ForexTB accepts Credit cards
  • ForexTB accepts Bank Transfer
  • ForexTB accepts Debit cards
Broker forextb eToro XTB IC Markets
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes Yes No
Neteller No Yes Yes Yes

*please note available ForexTB and other broker payment methods depend on the clients country of residence.

How can I start trading with ForexTB?

When opening a trading account with ForexTB, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ForexTB trading platforms here. You will need to provide some basic documentation to prove your identity as part of ForexTB onboarding and normal KYC identity checks. These checks are standard practice and help ForexTB provide a safe financial environment for their 5,000 users.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor

Performing trades with ForexTB

ForexTB allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. ForexTB allow you to execute a maxium trade of 100 Lot. As ForexTB offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

ForexTB are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the instruments.

ForexTB also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by ForexTB here.

CFD Trading on ForexTB

let's take a look at some of the basics of using ForexTB leverage.

ForexTB offer CFD which are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

ForexTB leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the ForexTB trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The ForexTB leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

ForexTB CFDs are typically used for short to medium term trades. For example ForexTB intraday CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.

Always be aware that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor

Limiting Your Risk When Trading with ForexTB Negative Balance Protection

We should say something about negative balance protection with ForexTB. When trading using leverage an adverse move could result in losing more than your trading account balance at ForexTB. Your ForexTB account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with ForexTB Stop Loss, ForexTB Stop Limit Orders

A stop-loss order is an order placed with a broker like ForexTB to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at ForexTB

To trade effectively with ForexTB, it's important to get a have a good understanding of the ForexTB trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with ForexTB and externally.

ForexTB offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.

Having an analytical approach may be a good way to approach trading with ForexTB.

Take time to look around the ForexTB platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at ForexTB

As part of our ForexTB review we review customer service options, response times and ForexTB trading platform problem resolution effectiveness.ForexTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish.

See how ForexTB Support Compares Against Other Brokers

Broker forextb eToro XTB IC Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, German, Spanish, French, Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Learn More Visit ForexTB Visit eToro Visit XTB Visit IC Markets
Risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor 67% of retail investor accounts lose money when trading CFDs with this provider. 77% 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. Losses can exceed deposits

What you will need to open an account with ForexTB

As ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under ForexTB Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore ForexTB's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with ForexTB you can visit the ForexTB trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://forextb.com/ on May 13, 2021.

Watch this ForexTB Explainer Video

Is ForexTB A Good Broker?

We spent over 3 months examining ForexTB in depth. Although we found some very useful aspects of the ForexTB platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative ForexTB broker.

  • ForexTB have a good track record of offering Forex, CFDs, Indices, Stocks, Commodities, Cryptocurrency .
  • ForexTB has a history of over 6 years.
  • ForexTB has a reasonable sized customer support of at least 10.
  • ForexTB are regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15. This means ForexTB fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • ForexTB have regulation from a Tier 1 reputable country.
  • ForexTB has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • ForexTB have an international presence in multiple countries. This includes local ForexTB seminars and training.
  • ForexTB are able to hire people from various locations in the world who can better communicate in your local language.

ForexTB Risk Disclosure

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor

Trading Risk Disclaimer

Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.

ForexTB not quite right?

If after reading this ForexTB review, ForexTB does not fulfill your needs check out these ForexTB Alternatives.

Click here to view the best ForexTB Alternatives

We have spent years researching the best alternatives to ForexTB. Click the links below to learn more.

If you feel some of the above ForexTB are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of ForexTB alternatives below.

Related ForexTB Vs Comparisons

We have covered allot in this ForexTB review, If you want to see how ForexTB compares side by side with other brokers check out our ForexTB Vs pages.

If you would like to see how ForexTB stands up against other brokers you can read some of our ForexTB comparisons below. We compare side by side some of our top rated ForexTB versus comparisons. Read our indepth ForexTB VS pages below.

ForexTB review
FOREXTB Frequently Asked Questions

Read our detailed ForexTB FAQ Section updated for 2021.

Can I try ForexTB before I buy?

ForexTB offer a demo account so you can try the ForexTB platform with virtual trading before you put down a payment. Virtual trading with ForexTB is zero risk. Learn more here

What funding methods do ForexTB accept?

Please note that the list of payment methods below depend on the ForexTB Entity and the Clients Country of Residence.

ForexTB offer the following funding payment methods Electronic wallets (eWallets), Credit cards, Bank Transfer, Debit cards, among other payment methods.
Learn more here

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor

Is ForexTB safe?

ForexTB are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15. Any payments funded to ForexTB accounts by traders are held in a segregated bank account. For added security ForexTB use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor

Is ForexTB trading good?

ForexTB is considered good and reputable to trade with ForexTB. ForexTB is used by over 5,000 active traders and ForexTB users. ForexTB offers Forex trading, CFDs trading, Indices trading, Stocks trading, Commodities trading, and Cryptocurrency trading. Minimum deposit with ForexTB is 250.

Is ForexTB trading Legit?

ForexTB was founded in Cyprus in 2015. ForexTB has been facilitating trade on the financial markets for over 6 years. ForexTB offers clients Forex trading, CFDs trading, Indices trading, Stocks trading, Commodities trading, and Cryptocurrency trading. All funds deposited to ForexTB are held in segregated tier 1 bank accounts for security. ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 so can be considered legit.

Is ForexTB a good broker?

ForexTB is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 so can be considered a good broker. ForexTB allows Forex trading, CFDs trading, Indices trading, Stocks trading, Commodities trading, and Cryptocurrency trading.

Is ForexTB trustworthy broker?

ForexTB can be considered trustworthy. All money funded to ForexTB is placed into a segregated tier 1 bank account. this means your money in not held by ForexTB directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15.

What is the minimum deposit for ForexTB?

The minimum deposit to trade with ForexTB is 250.

How long do ForexTB withdrawals take?

Withdrawing money from ForexTB processing time varies but averages 2-5 days.

Is ForexTB regulated?

ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15. Regulatory bodies conduct regular reviews and audits as part of ForexTB maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is ForexTB a market maker?

ForexTB is a market maker. Stocks, currency and other commodities and instruments will be purchased by ForexTB even if no buyer is lined up.

How can I start trading with ForexTB?

When opening a trading account with ForexTB, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ForexTB trading platforms here.

Is my money safe with ForexTB?

ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15. One of the most important criteria for traders when choosing a broker like ForexTB is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ForexTB, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is ForexTB a con?

ForexTB is regulated and well established having been in business for over 6 years. ForexTB is definitely not a con.

Can you make money with ForexTB?

Although traders have had great success with ForexTB. Trading on the financial markets with ForexTB is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor.

Does ForexTB have fees?

ForexTB withdrawal fees varies on payment method. ForexTB doesn't charge inactivity fees. ForexTB doesn't charge deposit fees.

When was ForexTB founded?

ForexTB was founded in 2015.

How many people use ForexTB?

ForexTB is used by over 5,000 registered ForexTB users.

What is ForexTB Headquarters country?

ForexTB has its head quarters office in Cyprus.

Does ForexTB offer negative balance protection?

ForexTB offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does ForexTB offer guaranteed stop loss?

ForexTB does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does ForexTB allow scalping?

ForexTB offers scalping.

Does ForexTB allow hedging?

ForexTB offers hedging.

Does ForexTB offer CFD trading?

ForexTB offers CFD trading.

Does ForexTB offer STP?

ForexTB offers STP trading.

How many people use ForexTB?

ForexTB is used by over 5000 ForexTB users and traders.

Is ForexTB an ECN broker?

ForexTB does not offer ECN trading.

Does ForexTB offer a demo account?

ForexTB offers a demo account.

Does ForexTB offer an Islamic account?

ForexTB does not offer Islamic accounts.

What are the funding methods for ForexTB?

Please note that funding methods and funding options available with ForexTB can be found in the ForexTB Members area and depend on the ForexTB client’s country of residence. Please check your specific available payment methods on the ForexTB website. ForexTB accept the following funding methods : Electronic wallets (eWallets), Credit cards, Bank Transfer, Debit cards.

ForexTB review written by Andrew Blumer and Mark Hansen

We hope you found our review of the ForexTB brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

ForexTB review written by Mark Hansen of Comparebrokers.co