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.
- Low minimum deposit
- Demo account
- Standard account with balanced trading conditions
- 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 do ForexTB trading commissions and non-trading fees compare across its account types?
The review describes ForexTB’s overall fee level as medium, with low forex trading fees, tight EUR/USD spreads, and no inactivity, deposit, or withdrawal fees. On Standard accounts, costs are built into floating spreads (for example, EUR/USD typically ranges from 1.6 to 3 pips), while ECN/RAW accounts use tighter average spreads (around 0.1–0.2 pips on major pairs) plus a $5 commission per lot.
What account types and trading conditions does ForexTB offer?
ForexTB provides Demo, Standard, ECN/Raw spread, and VIP accounts, but does not offer Cent or micro accounts, and there is no swap-free option. The Basic, Gold, Platinum, and VIP tiers differ by minimum deposit (from $250 up to $250,000), starting spreads (from 3.2 to 1.8 pips), and the number of commission-free withdrawals, with leverage up to 1:30 for regular clients and up to 1:400 for those with confirmed Professional status.
What do user reviews and feedback say about overall satisfaction with ForexTB?
The user satisfaction score for ForexTB is 5.3/10 based on 18 reviews, with most ratings at 3 stars and smaller portions at 2 and 1 stars. According to user reviews, this distribution indicates a generally mixed perception rather than clearly positive or clearly negative sentiment.
What do reviews mention about the ForexTB trading account opening process?
The review notes that opening an account with ForexTB is fully online, with registration taking about 20 minutes and KYC verification typically completed within 2 business days. The minimum deposit is $250, and while the process is described as functioning as expected, it may feel somewhat slow or complex for some users compared with faster onboarding experiences.
What do reviews and comments say about ForexTB customer support and its availability?
Reviews state that ForexTB’s customer support operates 24/5 via online chat, email, and phone, with response times described as moderate and varying by request complexity. Feedback also mentions that non-registered users may receive only general answers and may encounter persistent prompts to register before getting more specific information.
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