Online Trading Starts Here
EN /brokers/forex/view/forextb/
AR Arabic
AZ Azerbaijan
CS Czech
DA Danish
DE Deutsche
EL Greek
EN English
ES Spanish
ET Estonian
FI Finnish
FR French
HE Hebrew
HI Hindi
HU Hungarian
IND Indonesian
IT Italian
JA Japan
KK Kazakh
KM Khmer
KO Korean
MS Melayu
NB Norwegian
NL Dutch
PL Polish
PT Portuguese
RO Romanian
... Русский
SV Swedish
TH Thai
TR Turkish
UA Ukrainian
UZ Uzbek
VI Vietnamese
ZH Chinese
5.88/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum deposit:
  • $250
Trading platform:
  • MT4
  • ForexTB
Regulation:
  • CySEC
Foundation date:
  • 2006
Check out the Best Forex brokers of United States
flag
ForexTB isn't available in

Our Evaluation of ForexTB

5.88/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Traders Union icon

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.

We've identified your country as US US

We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.

Explore the 5 top-rated companies in US US :

1
Visit broker
Your capital is at risk.
2
Visit broker
Your capital is at risk.
3
Visit broker
Your capital is at risk.
4
Visit broker
Your capital is at risk.
5
Visit broker
Your capital is at risk.
See the full list of recommended companies
1
Visit exchange
Your capital is at risk.
2
Visit exchange
Your capital is at risk.
3
Visit exchange
Your capital is at risk.
4
Visit exchange
Your capital is at risk.
5
Visit exchange
Your capital is at risk.
See the full list of recommended companies
1
Visit broker
Your capital is at risk.
2
Visit broker
Your capital is at risk.
3
Visit broker
Your capital is at risk.
4
Visit broker
Your capital is at risk.
5
Visit broker
Your capital is at risk.
See the full list of recommended companies
Advantages of trading with ForexTB:
  • 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.
Disadvantages of ForexTB:
  • 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

Andrey Mastykin

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

Video Review of ForexTB

User Satisfaction i

Score:
5.3/10

Share your experience

  • Best
  • Last
  • Oldest
Avatar
Avatar
maxinezf60
2 years ago

ForexTB will not pay out your profits no matter what you do. Everything will be fine until you order a withdrawal. After this action, a complete ignore. Don't contact. They owe me $2,000. Now there's nothing I can do.

Avatar
Avatar
PatrickMing
3 years ago

I will not call ForexTB's deposit requirements loyal. To trade with low spreads, you need to deposit 25-250 thousand dollars here! I don't have that kind of money, so I opened a basic account with a deposit of 250 bucks. Wednesdays for majors start from 3.2 points, but there are no additional commissions for trading. You can withdraw money from your account for free only once a month. There are a huge number of payment systems available, but you can withdraw at least $ 120 by bank transfer. I like that ForexTB is regulated by CySEC, it allows any strategies and, in addition to the author's terminal, it also offers MT4. However, there are a couple of "buts". The broker cannot trade from a cent account, and there is no referral program and bonuses yet.

Avatar
Avatar
J10B2
3 years ago

I traded with ForexTB for six months but it didn’t work for me. Spreads are higher than at other brokers. However, quotes are accurate and execution is very fast. There is a license, but somehow I don't trust the CySEC regulator. I deposited money using Neteller. Came in within minutes. After the withdrawal, everything was not so smooth. For example, the funds took 2 days. I think a huge plus of ForexTB is that the broker provides a lot of market analytics. The broker has a YouTube channel, but there is little useful information there because it was last updated back in July 2020.

Avatar
Avatar
sohan0174
3 years ago

I trade professionally, so after opening an account with ForexTB I immediately applied for the corresponding status. I need higher leverage that is much more than ForexTB’s anemic 1:30, which is the maximum leverage that retail traders get here. Now I trade through my Platinum account. It has spread for major currency pairs beginning at 2.3 pips, and 3 free withdrawals are available monthly. Money from the card to the deposit arrives almost instantly. There is a lot of analytic tools on the site, including Trading Central. The support service is fast, and it is a pity that there are no PAMM accounts or an affiliate program, but I am sure the broker will correct this defect soon.

Avatar
Avatar
beembole
3 years ago

The first time it turned out to earn something, but after I tried to withdraw 500 dollars, they suddenly began to drain me. Each trade went into a large loss until my balance was zeroed at all. Now I am trying to fight with ForexTB to get my money, which they have leaked to me.

Avatar
Avatar
alysabenjamin
3 years ago

ForexTB is my first broker. At first, it was hard for me to understand CFDs because there is not enough really useful educational information on the site. All terms are described superficially and without specifics. The section with upcoming webinars is always empty. Reading ebooks didn't help much either. I had to undergo paid training from another company because ForexTB does not have such a service. Now I have two demo accounts — one at ForexTB and one with the broker at which I learned to trade. I will test the conditions of both and hope that it will be immediately clear which one is better.

Avatar
Avatar
monirmono
3 years ago

Forex trading is an additional source of income for me since I have a main job. I only use ForexTB services to copy transactions of other traders with MetaQuotes. Every month I throw a couple of hundred bucks on a deposit and almost always have a profit of 30-40% from them. Sometimes I withdraw, but sometimes I leave it for the next transactions. This has to be done because ForexTB deducts a withdrawal commission above the prescribed number of free withdrawals.

Score:
5.89/10

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:

1

Click the "Sign Up" button in the upper right corner of any page on the site.

ForexTB Review — Registration
ForexTB Review — Registration
ForexTB Review — Registration
2

Fill out a small registration form:

ForexTB Review — Filling out the registration form
ForexTB Review — Filling out the registration form
3

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

4

ForexTB personal account functionality:

1. Browser platform built into the account:
ForexTB Review — Trading platform
ForexTB Review — Trading platform
2. Verification and modification of personal data:
ForexTB Review — Account verification
ForexTB Review — Account verification
1. Browser platform built into the account:
ForexTB Review — Trading platform
ForexTB Review — Trading platform
2. Verification and modification of personal data:
ForexTB Review — Account verification
ForexTB Review — Account verification

Other features of the personal account:

  • Internal and external transaction statistics.

  • Direct access to support service.

  • Statistics on open accounts.

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
9/10

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.

Advantages
  • Tier-1 regulated
  • Negative balance protection
  • Track record over 19 years
Disadvantages
  • 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
CySec CySec 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
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
6/10

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.

Advantages
  • Tight EUR/USD market spread
  • No inactivity fee
  • No deposit fee
  • No withdrawal fee
Disadvantages
  • 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
Score:
5.02/10

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:

Account Type
Description
Basic
The minimum deposit is USD 250, the spread is from 3.2 pips. Withdrawal of money without commission is allowed only once.
Gold
The minimum deposit is USD 25,000, the spread is from 2.9 pips. Withdrawal of money without commission is once a month.
Platinum
The minimum deposit is USD 100,000 and the spread is from 2.3 pips. Withdrawal of money without commission is allowed three times each month.
VIP
The minimum deposit is USD 250,000 and the spread is from 1.8 pips. Unlimited withdrawals of money without commission.

You can try your hand at a demo account, for which verification is not needed.

Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
6/10

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.

Advantages
  • No withdrawal fee
  • PayPal supported
  • No deposit fee
  • Bank wire transfers available
Disadvantages
  • 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.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
5.75/10

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.

Advantages
  • Indices trading
  • 50 supported currency pairs
  • Crypto trading
Disadvantages
  • 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
Score:
5.66/10

Customer support

Information

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:

  • By online chat where you can ask a question to individual departments of the broker.

  • By email specified in the "About Us" section.

  • 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
Score:
6.6/10

Education

Information

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.

Information available in the Education and CFD sections
Information not available on the ForexTB website
General information about what CFDs, stocks, indices, etc. are.
Analysis of macro- and microeconomic indicators of fundamental analysis
Trading eBooks
Analysis of indicators, strategies, advisors
Several articles on the topic “What is technical and fundamental analysis”, what is NFP, leverage, etc.
Analysis of the risk management system and risk management policy
Economic calendar
 

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:

  • Over 200 trading assets, including cryptocurrencies.

  • More than 50 thousand active traders.

  • 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:

  • 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.

  • 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:

1

Strict adherence to the requirements of European regulators. This means reliability and transparency.

2

More than 10 options for payment systems and e-wallets connected to the broker.

3

A simplified version of a proprietary trading platform suitable for beginners.

4

There is a demo account.

There are no cent accounts.

Articles that may help you

ForexTB Fees and Spreads (July 2025)
Is ForexTB Regulated and Safe in 2025
How To Use The Triple Exponential Moving Average
Is Forex Trading Halal Or Haram? Complete Guide
Alligator Indicator
How to Use the Traders Dynamic Index
How To Use Donchian Channels To Spot Real Breakouts
Jabulani Ngcobo Trading Strategy, Net Worth And Portfolio
Kathy Lien

Check out our reviews of other companies as well

Team that worked on the article