FXTB (ForexTB) review and test – Is it a scam or not?

Review:Regulation:Assets:Spreads:Min. deposit:
2.5 out of 5 stars (2.5 / 5)CySEC 272/15200+ forex, stocks, commodities, indices, cryptoFrom 1.4 pips$ 250
FXTB logo

Are you looking for a trusted broker to invest your money? Then, you are in the right place, where you can learn trading and earn money. All you have to do is read this comprehensive review carefully. After reading this review, you would have got enough knowledge to decide where you should invest, and all about the ForexTB broker. Let’s spare a few minutes to start your journey by reading this worthy review.

With more than 8 years of experience in the trading industry, we tested the broker FXTB in detail. Read about the trading conditions, regulations, and platforms. Is it really worth investing your money there? – Find out in our FXTB review.

FXTB official website
FXTB official website

What is FXTB? – Introduction

In 2015, Forex-TB was founded and has offices in Cyprus. The brand is owned by Forex TB Limited a Cyprus investment firm and is authorized to provide trading services to clients in the European Economic Area (EEA) and Switzerland by the Cyprus Securities & Exchange Commission (CySEC). The official address of the company is Lemesou Avenue 71, 2nd Floor 2121 Aglantzia, Nicosia, Cyprus.

ForexTB is a versatile and unique trading platform that provides web trading platforms and MT4 integration to its users. It has 270 financial assets. Products include 50 forex pairs and other commodities as well. ForexTB has a very strong team behind this project which is eager to facilitate the users round the clock by providing great opportunities under one platform. Hence, it is an all-around platform for trading and investment with immense opportunities.

Facts about the company: 

  • Founded in 2015
  • Serves hundreds of thousands of clients
  • Broker from Cyprus
  • Offers service to EU clients
  • Online trading and investing with derivates

The best brokers for traders in our comparisons – get professional trading conditions with a regulated broker:

Broker:Review:Advantages:Free account:
1. Capital.com
5 out of 5 stars (5 / 5)
➔ Read the review
# Spreads from 0.0 pips
# No commissions
# Best platform for beginners
# No hidden fees
# More than 3,000+ markets
Live account from $ 20:
Open your free account

(Risk warning: 78.1% of retail CFD accounts lose money)

Test of the FXTB trading platform

FXTB is a unique trading platform in its type. As all the brokers now a day are giving trading platforms as well as teaching the users of their platforms. However, FXTB has done something unique on its platform by placing the precious metals market, along with other major markets and commodities that are mostly traded via CFD in the market. Trading has never been easy, as it has been made by ForexTB.

The following platforms are offered by FXTB to start the trading journey:

  • Web-platform
  • MT4 trading platform
  • Mobile app

Web platform

FXTB trading platform
FXTB trading platform

FXTB has launched a web platform for its users; it is so much easy to use that even the newbie finds them comfortable with its interface. Its easy interface doubles the interest of users. On its platform, at the top left side users can find different markets and a search bar, where they can search for their desired pair. It has a language selection bar that supports 7 languages for the ease of its users.

On the top right side, there is a chart of candlesticks that provides an overview of the current scenario of the selected currency pair. There is also a warning about the CFDs market volatility at the bottom of the trading section. Users can make use of certain indicators to have a better understanding of the market.

MT4 trading platform

FXTB MetaTrader 4
FXTB MetaTrader 4

One of the most common day trading forex trading platforms is MetaTrader4 with a highly customizable data-rich environment, customers of all skill levels can trade effectively. In addition to comprehensive trading and assets records, the platform boasts over 50 technical indicators and 30 chart analysis instruments. The device is also compatible with trading algorithms that are automated. More experienced customers would tend to trade with MT4, in particular.

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

Mobile app

FXTB mobile app
FXTB mobile app

Mobile apps have revolutionized the modern world. FXTB has launched its mobile app to make its users able to become aware of the news and other events along with trading. It provides a flexible trading experience to trade CFDs. Its size is 86 MB and has over 50k plus downloads. It shows the growing popularity of FXTB among the public.

It takes only 1 minute to download if you have a fast internet connection. After downloading the application, it asks you to log in or sign up to make an account. The users having already accounts can put their credentials to start trading. It provides live price action of all the markets that are being offered by the broker.

Charting and Analysis

Charting and analysis go hand in hand to become successful in trading. FXTB has left no stone unturned to provide assistance in all forms whether in the form of technical or theatrical. It provides a series of trading education in various forms. For instance, CFDs trading tips, technical analysis, fundamental analysis, economic calendar, and leverage guides. As everyone knows, how crucial these things are for the success of a trader. Hence, FXTB provides complete guidance from trading to educating a user from scratch to becoming a pro trader.

Mobile Trading

Due to the increase in globalization, traveling has increased to its peak. So, the users and investors cannot stick to the screen to work and trade. Hence, mobile apps are introduced to facilitate users to do emergency and normal trading there. Mobile trading has certain following features

  • It helps during traveling
  • It provides aid for short term trade
  • It provides all the recent news and articles provided by the platform
  • Charts can be viewed and technical analysis can be done on the app

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

Learning trade with FXTB

Trading becomes easy for one having sound technical and theoretical knowledge. Many newcomers lose their hard-earned money in pursuit of making their dreams of making money due to high volatility in the market. Hence, FXTB came to rescue the newcomers by proving all the technical analysis and trading platforms to users. It has launched an education program for its users to become pro–traders. Let’s discuss the trading education offered by FXTB.

FXTB range of education to help you with trading
FXTB range of education to help you with trading
  • It provides the basic definition of all the terms used in trading
  • It offers tips in CFDs trading to its users
  • It also provides a technical and fundamental analysis
  • FXTB helps to understand the leverage and margin
  • The platform provides an economic colander to have close look at the upcoming events that can have an impact on the market

Opening an account on FXTB

Opening an account is the first step to landing in the trading world. However, the account opening is not an arduous task. It takes hardly one minute to open an account after entering the proper details. One has to send its documents for the proper verification in order to avoid any inconvenience in the future.

Opening your account with FXTB
Opening your account with FXTB

FXTB offers four types of accounts with different features:

The best brokers for traders in our comparisons – get professional trading conditions with a regulated broker:

Broker:Review:Advantages:Free account:
1. Capital.com
5 out of 5 stars (5 / 5)
➔ Read the review
# Spreads from 0.0 pips
# No commissions
# Best platform for beginners
# No hidden fees
# More than 3,000+ markets
Live account from $ 20:
Open your free account

(Risk warning: 78.1% of retail CFD accounts lose money)

Minimum amount to withdraw

The minimum amount to withdraw money through wire transfer is ₣100, $120, €100, £80, and ₽7,000. However, the no minimum amount for withdrawals made from credit cards Skrill or Neteller. FXTB broker does not charge commission fees when you trade, but the swept fee applies. So if you hold trades overnight, then the swept fee will apply. And the fee is calculated on the lot size and the trading asset that you trade. FXTB also charges an inactivity fee of $80 if you don’t trade for one month or more

Withdraw fee differs from account types offered by the platform

  • The first withdrawal is free for basic type,
  • The gold type has 1 monthly free withdrawal
  • Platinum has 3 monthly free withdrawal
  • The VIP account has no withdrawal fee

Support and service

User satisfaction is the utmost priority of FXTB. Its team and members are available anytime to assist the users. The support system of ForexTB has a team of versatile people that can speak 8 languages to assist people from different countries of the European region.

FXTB provides support and service to its users in various forms.

The customer support team can also be contacted by:

FXTB services

The platform’s team strives hard to assist its users by providing services in various forms in order to earn money from trading. Following are the key services that FXTB offers

  • 5 Days trading facility
  • Teaching the basics of trading
  • Security of users funds
  • Transparent deposit and withdrawal method
  • Forex, CFD, crypto, commodities, and indices trading platform
  • FXTB broker does not charge commission fees
  • Daily signals and financial news

Accepted countries and forbidden countries

ForexTB has a far-sighted vision to provide its services all over the globe. However, the platform is operating in the European region currently.

Accepted countries

Following is the list of countries in which ForexTB is allowed to operate in

Austria, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, France, Germany, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Spain, Slovenia, Sweden, Iceland, Liechtenstein, Norway, Switzerland, United Kingdom.

Forbidden countries

As mentioned above, it has the vision to provide services all over the globe. However, it is currently restricted to European countries only excluding the USA also.

Special offers

ForexTB is pleased to provide services to its users without any interruption and inconvenience. Keeping in mind the ease and attraction of users, ForexTB provides multiple offers and targets for the users to get different discounts, free withdrawals, and much more. It also provides offers to its users depending upon the national events and days of the countries in which the platform is operating. Moreover, it also provides special news and technical analysis to its users, but currently, there are no ongoing offers on the platform.

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

Conclusion on the FXTB review: Not the best trading conditions

Overall, we can say that FXTB is not a scam, it is a regulated platform. But the trading conditions are not the best. So you should check by yourself if the broker is suitable for you. 

ForexTB is a multi-faceted, secure, and regulated broker platform that offers a series of services to its users. It has a user’s friendly interface that helps the users to learn quickly all about deposits, withdrawals, and other technical issues pertaining to the platform.

ForexTB offers technical knowledge to its users apart from providing trading platforms. It has a very qualified team behind this platform for creating and assisting the users. Thus, ForexTB is a paragon of the long-awaited platform that users were in search of to start their trading journey.

But compared to other brokers, FXTB offers high spreads. That means you will pay more money to the broker when you are trading.

Advantages of FXTB: 

  • Regulated broker
  • MetaTrader 4 and professional Web-Trader
  • Free demo account
  • A low minimum deposit of $ 250
  • Multiple account types
  • Good support
  • Further education for new traders
  • More than 270 assets to trade
  • Go long and short easily

Disadvantages of FXTB:

  • High trading fees
  • Users reporting a lot of sale phone calls

FXTB (ForexTB) review

Overview and test of the broker ForexTB.

Trusted Broker Reviews

FXTB logo
Trading offers
Customer support


FXTB is a secure trading platform with competitive spreads and no hidden fees. But the trading fees are too high.


ForexTB is a competitive online broker for investing in the financial markets. But the spreads are higher than with other online brokers. 2.5 out of 5 stars (2.5 / 5)

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Trusted Broker Reviews

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

FAQ – The most asked questions about ForexTB (FXTB) : 

Is ForexTB (FXTB) legal and reliable?

Yes, ForexTB is legal and reliable. It is under the regulation of Cyprus investment firm, along with European Economic Area and Cyprus Securities and Exchange Commission. It was founded back in 2015, and since then, it has been offering exceptional trading and investment opportunities.

What are some of the key points of ForexTB (FXTB)?

ForexTB offers MT4 integrations to traders and investments. It has over 270 financial instruments in which one can trade-in. In addition, it also deals with more than 50 forex currency pairs. It has a 128-bit SSL encryption layer for enhanced security and protection of the users and their personal information. Any user can connect segregated bank accounts to a single account on this brokerage platform.

What are the markets allowed on ForexTB (FXTB)?

Six markets are allowed and accessible for traders and investments on ForexTB. These are the share market, stock market, forex market, crypto market, indices, and commodity market. Each market has varied spread value and commission fees according to the rules and regulations the platform has initiated.

What is the minimum deposit required at ForexTB (FXTB)?

A trader or investor needs to make a minimum deposit of $250 before they can open an account at ForexTB or start with a trade or investment initialization.

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Last Updated on January 27, 2023 by Arkady Müller