ForexTB Commission or Brokerage Charges – Review, Plans, FAQs & more

ForexTB is a reliable stockbroker based in Cyprus, offering trading services through CFDs. It is a synergy of modern technology and years of trading experience of its creators.

It offers a huge range of financial assets to its customers. This makes it a widely chosen stockbroker in the global market.

Being feature-rich makes it the choice of most traders operating at different levels. It allows two different types of trading platforms – WebTrader and MT4 and ensures utmost safety.

Let us understand in detail how the brokerage charges apply to transactions. We will study the stockbroker and look at every aspect to provide a seamless trading experience.

To start with, let’s look at all the ForexTB charges associated with its various accounts.

ForexTB Commission or Brokerage Charges

It’s essential to first look into the expenses attached with different account types.

When it is about ForexTB, holding accounts-trading or demo, the charges set are minimal and are much the same as industry.

This list of charges includes all the charges that are payable to the stockbroker. Opening fees, commission, spread, and swap costs are a few expenses that are chargeable.

These charges must be timely paid to make sure that there are not any disruptions in carrying out trades.

A rational user should keep track of all expenses and payments to earn higher profits. Speaking of expenses, ForexTB charges zero commission on all transactions.

This highlight is another bonus for traders. But, there are certain spread and swap costs that an account holder has to bear. These charges are standard and are not set very high.

The actual amount of these charges depends on the type of asset being traded in the market.

They also vary with the account type held by a customer. Spread/ swap costs are floating and low as compared to the charges levied by other stockbrokers.

Fill up the Form – Open Forex Trading Account Now!

More Related Articles on Forex Commission Charges

Types of ForexTB Commission Plans

The trading platform provides four different types of accounts for its users namely, Basic, Gold, Platinum, and VIP. This makes it a comfortable option for a wide variety of customers.

The leverages start from 1:30 for a basic account, 1:100 for a Gold account, and go up to 1:400 for a Platinum or a VIP account.

ForexTB provides commission-free services but has certain spread charges to take its cut. These charges vary from account to account but are very competitive.

Next, we will look at the spread charges applicable on different types of accounts.

At ForexTB, the spread charge is as low as 1.1 pips.

There are different types of accounts available to hold a ForexTB- Basic, Gold, platinum, VIP. There are zero commission charges applicable on any of these accounts.

The spread charges are 1.1 pips for VIP accounts and are less competitive with lower account tiers. It offers a Basic account at 2.5 pips on EUR and 2.8 pips on the USD.

Along with these, ForexTB also charges inactivity fees of up to €80.

If the account is not used for a month, these charges are deductible from the user’s account. A swap fee is also a possible deduction for positions that the users hold open overnight.

A user can choose the type of account they want to open after analyzing spread charges.

The availability of many choices makes it an attractive option for users worldwide. Besides this, we will learn about other expenses related to the trading accounts.

ForexTB Account Opening Process

Keep reading further if you are looking to open a new account with ForexTB. Below we have provided a step-wise process for successful registration on the platform.

After knowing about all the potential expenses, we will figure out the process to open a ForexTB account. It is an easy process.

A user is also given an option to open a demo account if they want to get some real trading experience without taking any risks.

A person can open a trading account on ForexTB and earn big profits in no time.

• The first step in this process is to open the official website of ForexTB. Two options will be visible on the screen- Demo or Real.
• After choosing what you want, click on the “Open account” option visible on the screen.
• On clicking on it, a quick pop-up form will be visible on the screen for the user to fill.
• Once the form is visible, the user has to fill in the details and submit it by providing all information like name, email, phone number. Make sure to provide genuine details in the form as these details are essential for verifying.
• For the next step, the user has to check the two consent boxes and click on ‘start trading’.
• Next, the user will have to carry out the KYC Process. They have to provide respective documents which prove his/her identity.
• The broker will verify the account once they receive all the documents. They will send the login details on the email ID provided by the user.
• The broker will then take the account live and the user can begin trading on the platform.
• The user can use the same log-in credentials to open the account anytime in the future.

ForexTB Payment or Withdrawal Methods

To begin trading on ForexTB, a minimal amount has to be deposited in the account. It is around €250 and they process the transactions on the same day.

It requires proper documentation to avoid procedural delays.

Apart from this, there is no deposit fee. After the trader has used up the free withdrawals given to them, every next withdrawal attracts a fee.

There are a certain number of free withdrawals available which depends on the type of account. Another thing to look at is the methods of depositing and withdrawing.

ForexTB provides the following ways and ensures the safety of transfers and timely transactions. A trader can use-

• Credit Card
• Debit card
• E-transfers
• Wire Transfer

The broker accepts only some currencies which are USD, GBP, and EUR. Many of these methods are free of any costs and the user can choose any of them.

After the limit of free withdrawals is over, ForexTB deducts a fee of 3.5% for payment cards or even up to €30 for bank transfers.

Check Similar Articles on Forex Commission / Plan Types

ForexTB Investment Assets

ForexTB as a stockbroker has set up for itself a reputation in the global market. With hundreds of profitable opportunities, it is a top choice of so many users worldwide.

It offers more than 300 financial assets to its users to trade-in. The variety includes CFDs on Forex assets, commodities, indices, stocks. It also offers to trade in cryptocurrency and precious metals.

The supported crypto coins are BCH, BTC, ETH, LTC, XMR, and XRP. FXTB offers around 10+ currency pairs, 5+ cryptocurrencies to its traders.

A user can go through the charges or expenses associated with each option before actually investing in it.

ForexTB offers access to a huge financially competitive market to its customers.

The exhaustive list of options can surely be a good way to decide on what to invest in.

ForexTB Commission – Conclusion

A reliable trading platform that offers huge gains while ensuring security is important. ForexTB proves to be just that.

After going through the information provided, any user can understand how things work.

The clients of the ForexTB platform can enjoy all the benefits by creating an account.

The detailed information about the brokerage charges and types of accounts provided will make it understandable by users.

Now anyone can have a look at the potential expenses and can make their activities profitable.

Having complete information of the potential charges allows sticking to a proper investment plan.

Any new trader can open a demo account and learn about trading using the resources provided. The platform offers all kinds of necessary customer support and makes it interesting.

Check Articles on Forex Commission & Plans

ForexTB Charges or Fees – FAQs

Here is the list of FAQs related to the ForexTB Brokerage Charges:

Does ForexTB charge commission?

No, ForexTB does not charge any commission.

The trading activities on this platform do not require paying any amount as commission.

But there are certain spread charges that are applicable on trades.

These charges are different for all account types and start from as low as 1.1 pips on a VIP account.

How much does ForexTB charge brokerage?

The exact amount of brokerage charges depends on the kind of activity carried out.

It also changes based on the account type held by the user.

On trading in shares, the broker determines the amount of brokerage that is payable.

Major part of expenses is the Spread charges and any extra charges depend on the transaction

What is the Minimum Deposit required in ForexTB?

The least deposit amount changes from one account type to another.

For a Basic account, it is €250 and can be up to €250,000 for VIP account holders.

The same is €25,000 and €100,000 for Gold and Platinum accounts.

There is no deposit fee for the same but few charges might apply on withdrawals after a certain limit.

How much leverage does ForexTB provide?

ForexTB offers competitive leverage to its account holders.

It is 1:400 for VIP and Platinum accounts.

For Basic and Gold accounts, it is 1:30 and 1:100. Such leverage makes it better than its competitors in the trading market.

It makes sure that its users earn the highest on their investments in the various assets.

How much is Spread at ForexTB?

At ForexTB, the spread charges vary depending on the account type held.

It starts from as low as 1.1 pips. For a Basic account, the spread is 2.5 pips. For the Gold, Platinum, and VIP accounts the Spread charges are 2 pips, 1.6 pips, and 1.1 pips.

A user can choose which account type they want to open to reduce their spread charges.

What types of Commission plans are available in ForexTB?

The amount of commission deductible depends on the account type.

ForexTB does not charge any commission on any of its different account types.

But it does charge certain spread and swap charges. This feature also attracts new traders.

Does ForexTB provide Cryptocurrency for Investment?

Yes, ForexTB provides cryptocurrencies for its users to invest in. It offers a wide range of asset classes and includes many cryptocurrencies as well.

Bitcoin, Ripple are some of them.

It also ensures the utmost safety of all the transactions carried out. The available cryptocurrencies are available on the website itself.

Is ForexTB a legit Forex Broker?

Yes, ForexTB is a legit Forex broker. It is regulated by CySEC and ensures proper security and focuses on transparency.

The deposit and withdrawal methods provided are also some of the safest options.

It considers all the rules and regulations and has earned the trust of millions of users worldwide.

Can I invest in ForexTB for €5?

Yes, anyone can start trading in the market using ForexTB with €5.

A user can choose any account type and use it to start trading on the platform.

Any amount, even as low as €5 is enough to begin trading.

Are there any hidden charges available with ForexTB?

There are no hidden charges of any type on the ForexTB platform.

The stockbroker discloses all applicable expenses at the time of opening an account.

It ensures transparency with all its customers and has disclosed all the charges on its website.

It has provided information about all the charges associated with each account type.

Fill up the Form – Open Forex Trading Account Now!

Most Read Articles