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.
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.
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.
Top-5 Brokers Traders Prefer
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, OANDA and FOREX.com, 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
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 OANDA FOREX.com EUR/USD min, pips 1.6 0.1 0.7 EUR/USD max, pips 3 0.5 1.2 GPB/USD min, pips 1.5 0.1 0.9 GPB/USD max, pips 3 0.5 1.4 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 OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.2 0.2 0.4 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 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
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
ForexTB Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level 
CySec Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1 ForexTB Security Factors Foundation date 2006 Negative balance protection YesVerification (KYC) Yes -
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.
- Demo account
- Exclusive VIP account with enhanced trading conditions
- Tight spread ECN account
- No Cent account
- Micro lots are not available
ForexTB account types vs top competitors ForexTB Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo YesYesYesCent NoNoNoMicro NoNoYesSwap Free NoNoYesVIP YesNoNoManaged NoNoNoForexTB accounts trading conditions
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.
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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.
ForexTB provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- PayPal supported
- No withdrawal fee
- Bank wire transfers available
- No deposit fee
- Limited deposit and withdrawal flexibility, leading to higher costs
- Wise not supported
- BTC 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 OANDA Bank Wire YesYesYesBank card YesYesYesPayPal YesYesYesWise NoNoNoBTC NoNoYesWhat are ForexTB base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. ForexTB supports the following base account currencies: USD.
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.
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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.
- Indices trading
- 50 supported currency pairs
- Crypto trading
- Bonds not available
- Limited asset selection
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 OANDA Currency pairs 50 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 300 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products ForexTB offers for beginner traders and investors who prefer not to engage in active trading.
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Trading Account Opening
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 /10We 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. The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.
- Low minimum deposit requirement
- Fully online account opening process
- Account approval may require extra time depending on the documentation.
- Registration process may take longer than expected
ForexTB account opening ForexTB Plus500 OANDA Online Registration YesYesYesMinimum deposit $250 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 20 10 KYC time (days) 2 3 3 Is ForexTB available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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:
- Browser platform built into the account.
- Verification and modification of personal data.
Other features of the personal account:
- Internal and external transaction statistics.
- Direct access to support service.
- Statistics on open accounts.
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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 /10Customer support at ForexTB is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. ForexTB provides basic support functionality but does not stand out in overall service performance.
InformationThe support service works around the clock, except weekends and holidays.
- Works 24/5
- 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 info@forextb.com +357 2 222 2353
Best ForexTB Alternatives
FAQs
How is ForexTB regulated and what safety measures does this broker offer?
ForexTB is regulated by the Cyprus Securities and Exchange Commission (CySEC), a Tier-1 regulator, and participates in an investor protection fund that covers eligible clients up to €20,000. The broker has operated since 2006, applies verification (KYC) procedures, and provides negative balance protection, contributing to a high safety score of 9/10 under the Traders Union methodology (https://tradersunion.com/methodology-for-evaluation-of-brokers/).
What trading and non-trading fees can traders expect with ForexTB?
ForexTB has a commissions score of 6/10, indicating medium overall fees, with advantages such as low Forex trading fees, tight EUR/USD spreads, and no inactivity, deposit, or withdrawal fees. On Standard accounts, EUR/USD spreads typically range from 1.6 to 3 pips, while RAW/ECN accounts offer average EUR/USD spreads of 0.1 pips and GBP/USD spreads of 0.2 pips with a $5 commission per lot.
What do user reviews and feedback say about ForexTB?
ForexTB has a user satisfaction score of 5.3/10 based on 18 reviews, with 78% of ratings at 3 stars, 11% at 2 stars, and 11% at 1 star. According to user reviews, overall sentiment is mixed, reflecting a balance of neutral and negative experiences.
What deposit and withdrawal conditions does ForexTB offer?
ForexTB has a deposit and withdrawal score of 6/10 and supports Bank Card, Bank Wire, PayPal, Skrill, and Neteller, with no withdrawal fee. The broker’s minimum deposit is $250 and the minimum withdrawal amount is $120, and it uses USD as the base account currency while offering only major currencies and not supporting BTC or Wise.
How does ForexTB customer support operate and which contact channels are available?
ForexTB customer support works 24/5, with response speed and service quality varying depending on the complexity of the request. Clients can contact support via online chat (including specific departments), email, and phone, though unregistered users may receive only general answers and may be prompted to register for more detailed assistance.
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