Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
ForexTB Pros & Cons
- CySEC license.
- A large selection of payment systems is working with this broker.
- Professional support service.
- Relatively small commissions for CFDs on commodity markets assets.
- Lack of details on the trading conditions.
- The conditions for withdrawing money are "deeply hidden".
- Relatively high spreads.
TU Expert Verdict
ForexTB demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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ForexTB User Reviews
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5-star
0%
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4-star
0%
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3-star
78%
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2-star
11%
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1-star
11%
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Commissions and Fees
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 criteria6 /10The trading and non-trading commissions of ForexTB have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is ForexTB Safe?
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 criteria9 /10ForexTB 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 20 years
- Strict requirements and extensive documentation to open an account
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5 /10ForexTB offers the following account options: Demo, Standard, ECN/Raw spread, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Exclusive VIP account with enhanced trading conditions
- Demo account
- No Cent account
- No Swap Free account
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Deposit and Withdrawal
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 methodology6 /10ForexTB received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
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. Learn the assessment criteria5.8 /10ForexTB offers a limited selection of trading assets compared to the market average. The platform supports 300 assets in total, including 50 Forex pairs.
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Trading Account Opening
We successfully registered an account with ForexTB in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at ForexTB is $250.Score:We evaluated Trading Account Opening at ForexTB by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.6 /10The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.
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Customer Support
Score:We evaluated Customer Support at ForexTB by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.7 /10
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ForexTB Video Guides
FAQs
How does ForexTB’s regulation and safety score reflect its approach to client fund protection?
ForexTB has a safety score of 9/10, which corresponds to a high security level in the review’s methodology. It is regulated by the Cyprus Securities and Exchange Commission (CySEC), offers negative balance protection, and participates in an investor protection fund that covers eligible clients up to €20,000, with mandatory KYC procedures in place.
What do reviews say about ForexTB trading commissions and non-trading fees?
The review rates ForexTB’s overall fee level as medium, with a commissions and fees score of 6/10. It notes low forex trading fees, tight EUR/USD spreads on standard accounts (typically 1.6–3 pips), a $5 per lot commission on RAW/ECN accounts, and no deposit, withdrawal, or inactivity fees according to the provided tables.
What do ForexTB user reviews and feedback indicate about overall satisfaction levels?
ForexTB has a user satisfaction score of 5.3/10 based on 18 reviews, with most ratings clustered in the 3-star range. According to user reviews, this distribution suggests a mixed overall experience, with relatively few very positive or very negative ratings reported.
Which markets and tradable assets are available at ForexTB, according to product range reviews?
The review states that ForexTB offers 300 tradable assets, including 50 currency pairs, along with stocks, commodity futures, cryptocurrencies, and stock indices. It also notes that there are no ETFs, options, bonds, copy trading, PAMM investing, or managed accounts, and describes the overall selection as more limited than the market average.
What do reviews mention about the ForexTB account opening process and requirements?
The review indicates that opening an account with ForexTB is fully online, with a minimum deposit of $250 and mandatory KYC verification. It reports that registration took about 20 minutes and KYC was completed within 2 business days, while also noting that the process may feel slower or more complex than ideal depending on documentation.
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