ForexTB Review – Trading Platforms, Commission, Leverage, Account Types, Features & more
ForexTB is an easy-to-use trading platform with a variety of over 300+ assets to choose from.
The diversity in languages along with the vast array of tools makes ForexTB one of the most recognized trading platforms.
This ForexTB Review will help you understand each aspect thoroughly.
About ForexTB & Accepted Countries
|Founder / CEO||Paweł Połatyński|
In 2005, Pawel Polatynski founded the online broking company, ForexTB.
With headquarters in Cyprus and a license from the Cyprus Securities and Exchange Commission (CySEC), ForexTB accepts clients from 29 countries around the world.
As the company offers four different account types, every trader can opt for one that would suit his trading needs the best.
Currently, the company has an employee count between 100-200 and is not publicly traded.
The services of ForexTB can be utilized throughout Switzerland and the European Economic Area (EEA), excluding Belgium.
Open a Forex Trading Account Now! – Fill up the Form
ForexTB Trading Platforms
|Trading Platform||MT4, WebTrader|
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Trading Platform Supported Languages||Dutch, English, German, Italian, Polish, Spanish, Swedish|
ForexTB offers its traders a choice between two of the most efficient trading platforms: MT4 and its own WebTrader.
Irrespective of which trading platform you choose, both of them offer the same variety of assets, features, and tools.
MetaTrader 4 and WebTrader both have a completely easy interface for traders to execute their trades.
While a ForexTB trader will have to download MetaTrader, WebTrader can directly be accessed without any further hassles.
Both the trading platforms have a Windows and Mac Desktop platform along with a Mobile Site Platform and an Android and iOS application.
Any feature that a trading platform must have, is present on WebTrader and MT4. Right from real-time updates to personalized advisory and interactive charts, a ForexTB trader has access to it all.
ForexTB Mobile App
The ForexTB Mobile App is, in literal terms, the mini-version of the web-trading platform. Traders can analyze charts, execute buy and sell trades, and monitor price changes through the mobile application.
Traders have access to multiple order types and indicators as well. The mobile app interface is friendly for new traders as their primary motive is to make money on the go.
The mobile app of ForexTB is functional on iOS and Android devices.
As the compatibility of the trading platform on the mobile version is exceptional, traders do not need to miss out on any opportunity.
However, a Windows app platform along with any other OS is where ForexTB can work.
Check out Mobile Apps of more Forex Brokers
ForexTB Commission or Brokerage or Fees
|Commission on trades||Yes|
ForexTB has four different accounts for its customers: basic, gold, platinum, and VIP.
Unlike many of its competitors, ForexTB does not charge its traders any commission per trade.
Irrespective of the account you have, you do not have to bear any commissions on the trades you carry out.
However, there is a fixed spread that traders have to take into consideration while carrying out trades.
The plus point of the fixed spread is that they are well aware in advance of the pip difference.
The basic account has a starting spread of 3.2 pips, 2.9 pips for the gold account, 2.3 pips for premium, and 1.8 pips for VIP accounts.
Thus, the complete absence of commission and transparency in spreads make ForexTB rank higher among its competitors.
ForexTB Exposure or Leverage
Leveraging is one of the most common techniques in Forex Trading.
When a trader conducts CFD trades on ForexTB, he can leverage funds based on the rules set by the regulator.
For a retail client on ForexTB, the leverage ratio is 1:30 while it is 1:400 for a professional-client.
Based on the margin requirement, traders can leverage funds as per their needs.
While leveraging can increase your profits, there is a high risk of losing money too.
Traders will also be charged a minimal fee on the funds they leverage if they decide to keep the trades overnight.
Although this seems negligible as there are no commissions on trades either.
Payment Methods provided by ForexTB
|Deposit||Credit Card, Neteller, Skrill, Wire Transfer|
|Withdraw||Credit Card, Neteller, Skrill, Wire Transfer|
There are four major ways in which you can deposit and withdraw funds with your ForexTB account.
They are credit card, Neteller, Skrill, and Wire Transfer. ForexTB accepts three currencies: USD, EUR, and GBP.
You do not have to face any fees while depositing money into your ForexTB account.
However, depending upon the account that you have, there are certain charges that you have to bear while withdrawing money.
If you exceed the maximum number of free withdrawals in the month, you will have to bear certain fees.
Another point to keep in mind is that when your account remains dormant for over a month, you could be charged a fee as well.
Thus, if you are creating a ForexTB account, ensure that you use it to the full extent.
Find out Payment Methods provided by other Forex Brokers
Investment in Asset Classes or Markets by ForexTB
|Supported Cryptocoins||BTC, ETH, LTC, XRP, XMR, DSH, BCH|
|Total Tradable Assets||100+|
|Number Of Currency Pairs||10+|
|Number Of Cryptocurrencies||5+|
|Number Of Stocks||NA|
|Number Of Indices||NA|
|Number Of Commodities||NA|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of ETFs||NA|
ForexTB lets all its customers trade in the five major Forex Markets of Currencies, Commodities, Indices, Stocks, and Cryptocurrency.
Whether you are a user of the WebTrader or MT4, you have a variety of assets that you can trade from.
With assets, you have over 300 options, over 10 options for currency pairs, and more than 5 cryptocurrencies to choose from.
One of the major disadvantages of the ForexTB account is the absence of an ETF, Bond, and F&O market.
A trader can take advantage of the multiple tools, charts, and calculators to decide the best entry and exit point for all assets.
ForexTB Virtual Trading or Demo Account
A demo or virtual trading account is the perfect way for an individual to learn how to trade without worrying about losing real money.
ForexTB allows its customers to create a demo account with them with the most minimal information requirement.
You only need to fill in your name, email ID, and number to create a ForexTB demo account.
Once you do so, you will receive €100,000 worth of virtual money. You will have complete access to the trading platforms without having to pay a single penny for the features.
ForexTB Offers or Deals
|Free Learning Courses||Yes|
|Free Demo Account||Yes|
|Discount on Brokerage||No|
|Flexible Brokerage Plans||No|
|Forex Trading Contest||No|
|Trading Bonuses & Rewards||No|
There are no offers or deals that a customer is entitled to receive while making deposits into their ForexTB account.
Even when we consider trading rewards, a ForexTB trader does not receive any.
However, there are two major things that ForexTB offers in the field of education.
There are multiple free learning courses you can indulge in.
There are several webinars, ebooks, and virtual lessons that you can go through before you create a live account with ForexTB.
And as we mentioned above, ForexTB offers a free demo account to its customers as well.
Thus, with this, you can learn and explore the platform before you start investing money in it.
ForexTB Regulation or Licensing
The headquarters of ForexTB are based in Cyprus. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC).
ForexTB is licensed to provide services within the European Economic Area and Switzerland.
However, the services of ForexTB are not accessible to the residents of Belgium.
Find out Regulations & Licensing of more Forex Brokers
|Easy Markets||Fusion Markets||Go Markets||IronFX|
|FP Markets||FXPro||IG Group||Libertex|
|Social Trading / Copy Trading||No|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||Yes|
|Trading From Chart||Yes|
|Interest On Margin||No|
|Other Trading Features||No|
ForexTB has a diverse range of features that traders can enjoy.
Trading features in today’s world are no longer limited to buy and sell orders, ForexTB has kept this in mind while creating its platform.
The most highlighted trading features of ForexTB are:
- Four types of accounts cater to different trading needs.
- A diverse range of educational material with access to glossary and videos.
- Constant email alerts to update traders about their positions.
- ForexTB offers guaranteed fills for trades so you do not have to worry about incomplete orders.
- Option of placing one-cancels-the-other orders where one pre-placed order will automatically get canceled if the other gets executed beforehand.
- Traders can also explore the stop loss, take profit, and automated trading options on the platform.
- Experience trade automation with a VPS service.
- Traders can execute quick orders by using one-click trading and trading from the chart.
ForexTB Account Types
There are four major account types that ForexTB offers to its traders. They begin from the basic category and go up till a VIP Account
The major similarities in the four accounts are:
- All four accounts can be dealt with USD, GBP, and EUR.
- The leverage ratio for retail clients is 1:30 and 1:400 for professional clients in all the accounts.
- There are no commissions per trade for any of the account holders.
- The asset range for all of them remains the same: Currencies, Crypto, Commodities, Stocks, Indices.
- A demo account can be opened for all types of accounts.
- Each account has to bear a swap or roll-over fee.
- The minimum lot size for all the accounts is 0.01.
The differences in the accounts are:
- The minimum deposit for a basic account is €250, €25,000 for the gold account, €100,000 for platinum, and €250,000 for VIP.
- The fixed spreads among the four accounts get lesser as we head towards the VIP account.
ForexTB Trading Account Features
Check below all the trading account features under various account types:
|Trading Desk Type||STP|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||No|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||No|
ForexTB – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team:
|Daily Market Commentary||Yes|
|News (Top-Tier Sources)||Yes|
|Company Stock Review||No|
|Free Stock Tips||No|
The major benefits with ForexTB accounts can be stated as:
- No commissions per trade.
- At least one free withdrawal per account.
- A perfect mixture of forex trading options along with forex educational content.
- Zero deposit fees to be borne by the trader.
- Quick trading can be executed with the help of one-click trading.
- Access to multiple charts and indicators for 300+ tradable assets.
- Dedicated Account Manager who you can constantly be in touch with at all times.
- Free market analysis tools.
ForexTB Cons or Drawbacks
While there are multiple advantages of using a ForexTB account, traders must keep in mind these cons as well:
- A restricted number of free withdrawals per month are given to the traders.
- High minimum balance requirements as compared to other brokerage firms.
- Absence of social or copy trading.
- A significant fixed spread among the types of accounts with it getting lesser as you opt for a costlier account.
- Inactivity fees if you do not make any deposit, withdrawal, or trade on your account for a month or more.
ForexTB Trading Hours
During the 5 days of the week, ForexTB is accessible 24 hours a day.
You can execute all kinds of transactions during the weekdays.
Although, the trading hours between assets vary.
In the course of the weekend, ForexTB is accessible only if you wish to analyze charts or monitor your portfolio.
ForexTB Customer Care or Contact Details
|Support During Weekends||No|
|Live Chat Support||Yes|
|Customer Support Languages||English, German, Italian, Polish|
The ForexTB Customer Service is reachable between 9 am – 6 pm during the weekdays. You will not be able to get through to them during the weekends.
You can either call, email, or live chat with them. Their Email ID is: email@example.com and their customer service number are: +357 2 222 2353.
You can contact them through Live support in any of these languages: Dutch, English, German, Italian, Polish, Spanish, and Swedish.
ForexTB Safety & Security
You do not have to worry about the safety of your money while trading with ForexTB as they make use of a 128-bit Secure Sockets Layer.
All transactions are highly secured with the help of firewalls and encryption methods. All the EU regulations are met by ForexTB.
ForexTB Rating & Reviews
Based on different users and their experiences below are the company rating and reviews:
|User Experience||7.5 / 10|
|Products & Services||7.8 / 10|
|Brokerage Charges & Fees||8.1 / 10|
|Research & Advisory||8.2 / 10|
|Trading Platforms||8.1 / 10|
|Overall Ratings||7.9 / 10|
|Total Client Reviews||211|
ForexTB Forex Trading – Conclusion or Verdict
All in all, the ForexTB platform is a safe trading platform that explores the most recognized assets in the market.
Even though the minimum balance requirements are high if you are certain that you will utilize every feature of the platform, opening an account will be worth it.
ForexTB Review FAQs
Here is the list of FAQs related to the ForexTB:
Is ForexTB Safe for Trading?
Yes. ForexTB accounts are completely safe for trading. ForexTB makes use of a 128-bit SSL, firewalls, and multiple encryptions for all transactions to ensure the safety of traders.
What is the Commission for ForexTB?
A ForexTB trader does not have to bear any commission per trade. Irrespective of the account they hold, ForexTB does not charge them any commissions.
How to Open a Trading Account with ForexTB?
To open a ForexTB trading account, you must first head to their official website.
In the top right corner itself, there is a blue rectangle with “Sign Up” written on it.
Once you fill in your details and accept the legal terms, you can click on start trading to set up your account.
Can I invest in Cryptocurrency with ForexTB?
Yes. Investments in cryptocurrencies are possible with all ForexTB accounts.
There are seven main cryptocurrencies that ForexTB supports: BTC, ETH, LTC, XRP, XMR, DSH, and BCH.
What leverage does ForexTB provide?
ForexTB provides the same facility of leverage for all four types of its accounts. For a retail client, the leverage is 1:30 while it is 1:400 for a professional-client.
There will be a marginal fee to bear if you decide to keep the leveraged trades overnight.
Does ForexTB have a trading app?
Yes. ForexTB has an app for its trading platform.
All the features of a WebTrader can be accessed on the mobile application as well.
It is the best way for traders to make money on the go while being in any part of the world.
How to contact ForexTB customer care?
You can contact ForexTB’s customer service by heading to their official website.
Towards the extreme right of the screen, in the center, you will find an icon with a headphone on it.
Once you click on it, you will be able to choose whether you wish to email, call, or chat with them.
Make sure you select the right department if you choose to conduct a live chat.
Is ForexTB Regulated?
Yes. ForexTB has its headquarters based in Cyprus.
It is thus regulated by the Cyprus Securities and Exchange Commission (CySEC).
The license number of ForexTB is 272/15.
Is ForexTB good for Beginners?
It is always ideal if beginners open a demo account with a broker first before opening a live account.
Since ForexTB has a comparatively high minimum balance requirement, beginners must first experiment with the platform through a demo account and then open a live account.
Who founded ForexTB?
ForexTB was founded by Pawel Polatynski in 2005.
The company currently has between 100-200 employees with its headquarters in Cyprus.
The company offers its services in the EEA (apart from Belgium), and Switzerland.
Open a Forex Trading Account Now! – Fill up the Form
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