According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $250
- MT4
- ForexTB
- CySEC
- 2006
Our Evaluation of ForexTB
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
ForexTB is a moderate-risk broker with the TU Overall Score of 5.88 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by ForexTB clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
ForexTB is a broker for traders who work according to classic intraday and long-term strategies on timeframes from H1.
Brief Look at ForexTB
ForexTB is a European broker licensed by CySEC 272/15 (Cyprus), which can be classified as a classic mid-level company. The broker offers a standard set of trading assets, consisting exclusively of CFDs. ForexTB provides traders with access to the OTC markets only.
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- Its main platform browser is a proprietary design. It has a minimum number of gadgets but has optimal functionality. It is suitable for beginners and there is a limited version that is available without registration.
- CySEC license. Although the regulator is offshore, all its licensees are subject to the MiFID I and MiFID II directives.
- A large selection of payment systems is working with this broker. The trust of counterparties is an advantage for the broker.
- Professional support service. The answers to the questions are as short as possible and to the crux of the question.
- Relatively small commissions for CFDs on commodity markets assets.
- There is no complete description of the assets available and no specifications.
- Lack of details on the trading conditions.
- The conditions for withdrawing money are "deeply hidden".
- Relatively high spreads are from 3.2 pips for the EUR/USD pair on an account with a minimum deposit.
- Restrictions on withdrawing money without commission, depending on the type of account.
TU Expert Advice
Author, Financial Expert at Traders Union
ForexTB is a European broker that offers a range of trading services, including access to CFDs on Forex, commodities, stocks, indices, and cryptocurrencies through the MetaTrader 4 platform and its proprietary platform. Commodity market traders can benefit from relatively low fees, and traders can choose among four account types that require a minimum deposit starting from $250. The broker provides a variety of deposit and withdrawal methods, including PayPal and Skrill, along with professional client support and tools from Trading Central available for account holders.
However, ForexTB has some drawbacks, including less competitive spreads, starting from 2.5 pips for the EUR/USD pair, which are generally higher than those of some competitors. Additionally, the lack of detailed information about trading conditions and asset descriptions can be a disadvantage. The withdrawal policies are complex and vary depending on the account type. Consequently, ForexTB may be better suited for traders who prioritize long-term strategies and reliability rather than those focusing on cost-efficient, high-frequency trading. Overall, ForexTB could be a viable option for traders comfortable with its fee and regulatory environment.
ForexTB Trading Conditions
💻 Trading platform: | МТ4, ForexTB |
---|---|
📊 Accounts: | Basic, Gold, Platinum, VIP |
💰 Account currency: | USD |
💵 Deposit / Withdrawal: | Neteller, PayPal, Skrill, PayU, Sofort, Przelewy24, Euteller, GiroPay, Deal, MyBank, OB, Visa, Mastercard, bank transfers including instant payments and EPS |
🚀 Minimum deposit: | From USD 250 |
⚖️ Leverage: | Up to 1:30 (for retail), up to 1:400 (for professional traders) |
💼 PAMM-accounts: | Yes |
📈️ Min Order: | 0.01 |
💱 EUR/USD spread: | 0,1 pips |
🔧 Instruments: | Currency pairs, commodity assets, stocks, indices, and cryptocurrencies |
💹 Margin Call / Stop Out: | 50% — for retail clients |
🏛 Liquidity provider: | No data |
📱 Mobile trading: | Yes |
➕ Affiliate program: | No |
📋 Order execution: | Instant execution, Market execution |
⭐ Trading features: | Own browser platform for beginners |
🎁 Contests and bonuses: | No |
The ForexTB broker offers four types of accounts with a minimum deposit of $250 to $250,000. The differences between accounts are in spread and commissions. The maximum leverage is up to 1:30. For a trader with the "Professional/Qualified" status, it’s up to 1:400.
ForexTB Key Parameters Evaluation
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Trading Account Opening
Start your acquaintance with the ForexTB broker by registering on the Traders Union website. There are no fees or commissions there. You open an account with ForexTB using the Traders Union affiliate link and for each closed trade you automatically receive a partial compensation of the spread.
How to open an account with ForexTB:
Click the "Sign Up" button in the upper right corner of any page on the site.


Fill out a small registration form:

A demo account is opened without confirmation of the email address. After opening a real account, you need to go through verification.
ForexTB personal account functionality:




Other features of the personal account:
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Internal and external transaction statistics.
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Direct access to support service.
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Statistics on open accounts.
Regulation and safety
ForexTB has a safety score of 9/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 19 years
- Strict requirements and extensive documentation to open an account
ForexTB Regulators and Investor Protection
Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
---|---|---|---|---|
|
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
ForexTB Security Factors
Foundation date | 2006 |
Negative balance protection | Yes |
Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker ForexTB have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of ForexTB with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, ForexTB’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
ForexTB Standard spreads
ForexTB | Pepperstone | OANDA | |
EUR/USD min, pips | 1,6 | 0,5 | 0,1 |
EUR/USD max, pips | 3 | 1,5 | 0,5 |
GPB/USD min, pips | 1,5 | 0,4 | 0,1 |
GPB/USD max, pips | 3 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
ForexTB RAW/ECN spreads
ForexTB | Pepperstone | OANDA | |
Commission ($ per lot) | 5 | 3 | 3,5 |
EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
GBP/USD avg spread | 0,2 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with ForexTB. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
ForexTB Non-Trading Fees
ForexTB | Pepperstone | OANDA | |
Deposit fee, % | 0 | 0 | 0 |
Withdrawal fee, % | 0 | 0 | 0 |
Withdrawal fee, USD | 0 | 0 | 0-15 |
Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
ForexTB trading conditions provide four types of trading accounts. They differ in the level of spread, the amount of the minimum deposit, and additional commissions. The maximum leverage is set for all accounts, which is up to 1:30. For traders with the confirmed "Professional" status, the leverage is increased to 1:400. Additionally, analytics from Trading Central is attached to all accounts.
Account types:
You can try your hand at a demo account, for which verification is not needed.
Deposit and withdrawal
ForexTB received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
ForexTB provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No withdrawal fee
- PayPal supported
- No deposit fee
- Bank wire transfers available
- BTC not available as a base account currency
- Wise not supported
- USDT payments not accepted
What are ForexTB deposit and withdrawal options?
ForexTB provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, Skrill, Neteller.
ForexTB Deposit and Withdrawal Methods vs Competitors
ForexTB | Plus500 | Pepperstone | |
Bank Wire | Yes | Yes | Yes |
Bank card | Yes | Yes | Yes |
PayPal | Yes | Yes | Yes |
Wise | No | No | No |
BTC | No | No | No |
What are ForexTB base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. ForexTB supports the following base account currencies:
What are ForexTB's minimum deposit and withdrawal amounts?
The minimum deposit on ForexTB is $250, while the minimum withdrawal amount is $120. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact ForexTB’s support team.
Markets and tradable assets
ForexTB offers a limited selection of trading assets compared to the market average. The platform supports 300 assets in total, including 50 Forex pairs.
- Indices trading
- 50 supported currency pairs
- Crypto trading
- No ETFs
- Futures not available
ForexTB Supported markets vs top competitors
We have compared the range of assets and markets supported by ForexTB with its competitors, making it easier for you to find the perfect fit.
ForexTB | Plus500 | Pepperstone | |
Currency pairs | 50 | 60 | 90 |
Total tradable assets | 300 | 2800 | 1200 |
Stocks | Yes | Yes | Yes |
Commodity futures | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
Stock indices | Yes | Yes | Yes |
Options | No | Yes | No |
Investment options
We also explored the trading assets and products ForexTB offers for beginner traders and investors who prefer not to engage in active trading.
ForexTB | Plus500 | Pepperstone | |
Bonds | No | No | No |
ETFs | No | Yes | Yes |
Copy trading | No | No | Yes |
PAMM investing | No | No | Yes |
Managed accounts | No | No | No |
Customer support
The support service works around the clock, except weekends and holidays.
Advantages
- Works 24/5
Disadvantages
- Only general answers to questions from people who are not registered. Obsessive requests to register and learn more about the broker
This broker provides the following communication channels for its clients:
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By online chat where you can ask a question to individual departments of the broker.
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By email specified in the "About Us" section.
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By phone.
Tip: If you want to get a specific answer to a specific question, you will need to register.
Contacts
Foundation date | 2006 |
---|---|
Registration address | Lemesou Avenue 71, 2nd Floor 2121 Aglantzia, Nicosia, Cyprus |
Regulation | CySEC |
Official site | https://www.forextb.com/ |
Contacts |
+357 2 222 2353
|
Education
On the ForexTB website, two sections are devoted to training - "Education" and "CFD". The information presented in them is of a superficial theoretical nature. This is because the broker aims to work more with professional traders.
Cent accounts are not provided, there is a demo account for practicing your strategies and trading skills.
Comparison of ForexTB with other Brokers
ForexTB | Bybit | Eightcap | XM Group | VT Markets | |
Trading platform |
MT4, ForexTB | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ |
Min deposit | $250 | No | $100 | $5 | $50 |
Leverage |
From 1:1 to 1:400 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | Yes |
Accrual of % on the balance | No | No | No | No | No |
Spread | From 1.8 point | From 0 points | From 0 points | From 0.8 points | From 0 points |
Level of margin call / stop out |
50% / No | No / 50% | 80% / 50% | 100% / 50% | No / 50% |
Order Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Market Execution | Market Execution |
No deposit bonus | No | No | No | No | No |
Cent accounts | No | No | No | No | No |
Detailed Review of ForexTB
ForexTB is a broker for those who are interested in intraday and long-term strategies. The company has relatively high spreads, so scalping, high-frequency trading, and the use of "grids" can be ineffective. But tough regulation, liquidity providers, a sophisticated data transfer model are trading conditions that guarantee the stability of the stated spread, the nonexistence of slippage and requotes during times of fundamental volatility.
ForexTB by the numbers:
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Over 200 trading assets, including cryptocurrencies.
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More than 50 thousand active traders.
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More than 10 options for depositing and withdrawing money.
ForexTB is the broker for medium- and long-term trending strategies
ForexTB is a classic STP broker. It forms pools of traders' orders and sends them to the liquidity provider that currently offers the best price and has sufficient assets to satisfy the orders. Everything happens automatically within 50-100 ms, which is the speed of order processing. The broker's commission (a/k/a “markup’) is the margin on the liquidity provider's spread.
In addition to the classic MT4 platform, the broker offers the ForexTB platform of the same name. You can learn it without registering, but if you wish to place an order, you will need to open an account. The browser version of the platform has a simplified interface and functionality. There is one-click trading, six types of quotes, display charts, and statistics on the current spread. The platform does not provide for adding custom indicators or trading using expert advisors. It suits novice traders using manual strategies.
Useful services of the ForexTB broker:
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Analytics from Trading Central. A free account add-on package that includes additional technical tools, analytical reviews, fundamental news, access to primary sources of information, and much more.
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Summary calculator. Calculates the volume of a trade, taking into account the spread and swap, based on the input data on the trade and the type of account being used.
Advantages:
Strict adherence to the requirements of European regulators. This means reliability and transparency.
More than 10 options for payment systems and e-wallets connected to the broker.
A simplified version of a proprietary trading platform suitable for beginners.
There is a demo account.
There are no cent accounts.
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