FXTB Review 2024

FXTB review
FXTB Fees Explained

• FXTB withdrawal fees varies on payment method
• FXTB does not charge a fee for inactive accounts.
• FXTB doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from FXTB are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

FXTB Costs To Check

Modern brokers like FXTB provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, FXTB may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall FXTB trading profitability.

How FXTB Fees Compare Against Other Brokers

FXTB Minimum Deposit

FXTB requires a minimum deposit of 250 GBP/USD/EUR when opening an FXTB trading account.

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

Don't be scared off by brokers like FXTB charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like FXTB, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

FXTB Withdrawal Fees

The fees for withdrawing funds from your FXTB account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your FXTB withdrawal request is important.

FXTB Withdrawal rules may vary across different brokers when it comes to transferring funds from your FXTB or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with FXTB may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the FXTB withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from FXTB. Researching and comparing FXTB withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing FXTB funds frequently or dealing with large sums of money. Awareness of these FXTB fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your FXTB funds.

For example, FXTB allows you to withdraw your funds to Bank Wire transfer, Debit cards, Visa, MasterCard, Neteller.

FXTB Inactivity Fees

FXTB does not charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by FXTB terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all FXTB fees and services. It's recommended that you check the FXTB website before signing up. If you decide to close your FXTB account, it's important to do so with the FXTB broker customer support and obtain confirmation that no remaining FXTB fees are due.

Brokers like FXTB must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

FXTB Deposit Fees

FXTB does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

FXTB Commission Fees

FXTB does charge commission on CFD instruments.

Brokerage firms like FXTB may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the FXTB trading account level held by the trader.

FXTB may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing FXTB terms and conditions to understand the commission fees and any other charges that may apply is essential.

FXTB review
Trading on FXTB web platforms and other applications

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

FXTB is one of a handful of brokers that offer the cTrader platform developed for traders. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.

A FXTB iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

FXTB also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See FXTB's platforms

Is the FXTB Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the FXTB trading platform to protect you on PC and mobile FXTB platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using FXTB web trading platforms.

FXTB Trading Platform Options

After logging into your FXTB account, you'll find a range of trading platform options available below.

• MetaTrader 4 (MT4)
• cTrader

Please be aware that FXTB does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

Let's explore each of these trading platforms in detail and what options FXTB gives you.

FXTB review
FXTB MetaTrader 4 (MT4)

FXTB MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on FXTB offers traders comprehensive features and tools to enhance their trading performance. The FXTB MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the FXTB platform to their needs. One of the standout features of MT4 is its charting functionality, which allows FXTB traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give FXTB traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 FXTB trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the FXTB MetaTrader 4 (MT4) trading platform. MT4 is a platform available with FXTB, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The FXTB MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. FXTB allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

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

Metatrader 4 Webtrader on FXTB

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade FXTB MetaTrader 4 on iOS Devices

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

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. FXTB customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade FXTB MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and FXTB offers its clients access to the MetaTrader 4 platform on these devices. With the FXTB MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing FXTB traders to stay on top of their trades and react quickly to changes in the market. With the FXTB MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade FXTB MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on FXTB are a powerful bundle of three major indicators designed to help traders make informed decisions. FXTB MT4 Trading Central indicators include:

• Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
• Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
• Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help FXTB traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing FXTB traders to potentially stay one step ahead.

FXTB MetaTrader 4 Advanced Trading Tools

The FXTB MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give FXTB traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, FXTB provides traders with everything they need to succeed. The FXTB MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing FXTB traders to analyze the market at any level of complexity.

Trade FXTB MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

FXTB MetaTrader 4 AutoChartist

Autochartist on the FXTB platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for FXTB MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, FXTB traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save FXTB users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. FXTB traders can navigate the platform and find the information they need to make informed trading decisions.

FXTB Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for FXTB traders of all experience levels.

FXTB review
FXTB cTrader

FXTB cTrader In Detail

FXTB cTrader is a versatile trading platform supporting Forex and CFD brokerages. With various features, it caters to every investment taste.

FXTB offers cTrader Premium Charting and Manual Trading Platform

FXTB cTrader is a top-of-the-line multi-asset trading platform that provides advanced order types, charting tools, FXTB level II pricing, and fast execution. The FXTB cTrader platform's intuitive dashboard is accessible from various devices, making it a state-of-the-art infrastructure for FXTB traders.

cTrader Copy available on FXTB

FXTB cTrader Copy empowers everyone on the FXTB platform to share their investment and trading strategies for a fee or commission. FXTB cTrader users can search and replicate the approaches available when investing. Furthermore, FXTB traders can use their risk management configurations.

cTrader Automate available on FXTB

cTrader Automate allows FXTB traders to create algorithmic trading robots to automate financial trading plans. Dealers can use cTrader's contemporary C# API to write code within the FXTB cTrader IDE, which allows developers to optimize and test their financial robots.

cTrader Open API available on FXTB

Build your FXTB trading software using cTraders Open API. It is a free, secure and publicly available API for all. FXTB developers can use cTrader's mature infrastructure to construct desktop, mobile and online software. The open API allows FXTB trading developers to interact and interface with any FXTB cTrader account.

You can learn more about the cTrader Platform Here.

FXTB Trading benefits

• FXTB Allows scalping
• FXTB Offers STP
• FXTB Low min deposit

FXTB Trading Accounts Offered

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

• FXTB Standard account
• FXTB STP account
• FXTB Islamic account

Can I try FXTB?

FXTB provides a demo account that enables individuals to explore trading before investing their funds. By creating a FXTB practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the FXTB demo account can help individuals to make informed decisions before investing their money.

Open a demo FXTB account to practice and trade.

Your capital is at risk

FXTB withdrawal and funding methods

It's essential to remember that the payment methods provided by FXTB vary based on the FXTB entity and the FXTB client's country of residence. To view the FXTB payment options available, you can log into your FXTB member's area.

FXTB offers various funding payment methods listed in your FXTB dashboard if available in your region. To learn more about the FXTB funding and withdrawal options available in your area, you can explore the FXTB website.

FXTB provides several payment methods for funding your FXTB account. You may utilize any of these deposit options if they are available in your region. FXTB ensures that users have multiple payment methods to choose from, making it more convenient for verified FXTB account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the FXTB user's location. learn more about FXTB funding and withdrawal methods.

FXTB Payment Methods

Some FXTB payment methods are local and are available only to specific regions. FXTB account holders should check which payment methods are provided in your region.

• FXTB accepts Bank Wire transfer
• FXTB accepts Debit cards
• FXTB accepts Visa
• FXTB accepts MasterCard
• FXTB accepts Neteller

How can I start trading with FXTB?

To open a trading account with FXTB, individuals can sign up on the FXTB website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for FXTB account validation and making a deposit. Once completed, FXTB users can download the trading platform of their choice.

It's important to note that FXTB requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps FXTB maintain a trustworthy financial environment for its 2,000 users. Detailed information on the FXTB trading platforms is available on their website.

Your capital is at risk

Performing trades with FXTB

When using FXTB, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. FXTB have a max trade of varies. With STP execution on the FXTB platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.

Like other brokers, FXTB margin requirements can differ depending on the traded instrument.

CFD Trading on FXTB

We will show you an example of the basics of using FXTB leverage.

CFD trading on FXTB allows traders to speculate on the price movements of various financial instruments against the broker FXTB, without actually owning real assets. With CFDs, FXTB traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

FXTB provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, FXTB leverage profits and losses are magnified when trading. For instance, using CFDs, you use the FXTB trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, FXTB leverage magnifies both profits and losses in trading.

Trading CFD trades on the FXTB platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced FXTB traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education Resources at FXTB

To trade effectively with FXTB, it's important to have a good understanding of the FXTB trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with FXTB and externally.

FXTB . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with FXTB. Familiarizing yourself with the FXTB trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using FXTB. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with FXTB involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like FXTB, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with FXTB. Explore the FXTB platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with FXTB, before live trading.

Customer Support at FXTB

As part of our FXTB review, we review customer service options, response times and problem resolution effectiveness on the FXTB trading platform. The FXTB trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

FXTB Available Support Types

Based on our experience, we have given FXTB a D grade for customer support. We encountered some slow response times or FXTB queries that were left unanswered.

Compared to other brokers, FXTB offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at FXTB

FXTB does not offer LiveChat Support.

Email Support at FXTB

We tested the email support of FXTB by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any FXTB response.

The FXTB team did resolve and answer our queries, but the email support from FXTB was overall average compared to other brokers we have tested.

Phone Support at FXTB

We contacted FXTB via phone and received quick assistance within 10 minutes of our call.

The FXTB phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by FXTB and found that they could assist us in various languages.

While we found the FXTB phone support satisfactory, there is room for improvement in response time.

See how FXTB Support Compares Against Other Brokers

What you will need to open an account with FXTB

As FXTB is regulated by Cyprus Securities and Exchange Commissions (CySec).

As a new client of FXTB, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with FXTB in your region. During the FXTB account opening process, you will be asked to provide FXTB with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with FXTB have the following documents available.

• FXTB require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for FXTB compliance. This must be dated within the last six months.
• If you plan to fund your FXTB account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the FXTB platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under FXTB Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring FXTB's platform.

However, remember that you won't be able to make trades on FXTB until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the FXTB KYC compliance process as soon as possible to avoid any delays in accessing the FXTB platform's features.

It is important to note that FXTB may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the FXTB platform and features immediately. However, you must pass the verification process to start live trading with FXTB, which can take up to a few business days.

To start the process of opening an account with FXTB you can visit the FXTB trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from https://www.forextb.com/ on April 22, 2024.

FXTB review written by Andrew Blumer and Mark Hansen