FXTB Broker Reviews and Full Information

Which is the FXTB?

ForexTB (FXTB) is an STP broker that is based in Cyprus since the year 2015. FXTB is operated by Forex TB Limited, a Cyprus Investment Firm that is regulated and authorized through the Cyprus Securities and Exchange Commission. The broker provides a unique trading experience on its platforms and is determined to meet strict industry standards of compliance with regulatory requirements in all and each aspect of its operation.

The whole package comes with an exceptional technological base that is essential for high-quality performance as well as the most popular platforms MT4 as well as WebTrader and efficient execution through many liquidity providers. Alongside the laws that are required and secure transaction, FXTB adheres to unparalleled standards and regulations.

This means you're dealing with a reliable partner that will treat you with respect, and this is an essential factor as the majority offshore brokers do not offer sufficient trustworthiness and that's the reason we suggest you avoid them at all cost. Additionally, in our FXTB review, we'll look at more details about the terms and the terms FXTB offers to help you to assess whether the broker is suitable for you.

FXTB Con and Pros

FXTB is a licensed broker that has good rates and a variety of customized solutions. Account opening is easy and completely digital. The novice traders are able to benefit from no-cost education tools.

The FXTB drawback, it is the withdrawal fee and the large spreads that are associated with the standard account levels.

What is the type of broker FXTB?

FXTB has been a STP Forex Broker with the highest standards of a safe trading conditions, in line with the requirements of the regulations it enforces. The range of services offered to clients is broad and extensive because it provides similar, if not greater investment options for the global trader.

10 Points Summary

Is FXTB an authentic broker or a scam?

Yes, FXTB is no a fraud, but it is a licensed broker that has lower risk of Forex or CFD trading. FXTB is managed under the supervision of Forex TB Limited, a Cyprus Investment Firm licensed and licensed through the Cyprus Securities and Exchange Commission and carries CIF license number 272/15. Simply put, this means that the broker is legitimate and fully licensed to provide its trading services inside Cyprus, EU and beyond because of cross-border registrations.

As a company that is regulated, FXTB is subject to strict regulations and rules that are put in place to ensure that they adhere to their operating rules and regulations in the delivery of their services. They are designed to increase the security of investors while in ensuring orderly and stable financial markets.

Forex TB Limited offers services in the European Economic Area (excluding Belgium) and Switzerland.

The regulation mentioned above is an adaptation of MiFID European Law which operates under ESMA that helps to ensure security of EU's financial system, and also to enhancing the security of investors as well as financial market stability.

What can you do to be protected?

All client funds are held in separate accounts. They are fully insured , giving traders additional security regarding the security of the funds. Additionally the broker is a part of the Investor Compensation Fund that provides an additional layer of security. To ensure that clients are ready to make a move and make informed decisions The platform also offers trading assistance via charts and alerts as well as vast customer service available to users.

Leverage

Leverage, as provided from the brokerage, allows trading that has a greater market exposure than the initial balance. Typically, it is presented as a proportion of levels of leverage., they also comply with the regulations as retail traders could be at risk if they do not have the proper understanding of how to utilize tools correctly.

Because of the risk involved Recent regulatory updates by CySEC and the European regulatory bodies and CySEC in particular , reduced the levels of leverage that are available to customers with retail accounts. If you're an experienced trader, you have the option to gain access to the highest leverage ratios such as 1:400, that is accessible once the legal status is established.

• Leverage for retail traders is at maximum 1:30 for the major currency pairs 1:10 for Commodities

Accounts

FXTB account types provides four different types of accounts, which also establish trading terms. Each is designed to satisfy specific trading requirements and provides a customized trade experience.There are four account types which include Basic Gold, Platinum, and VIP which are designed for traders who are just starting out with trading, or those who have abilities already and for experienced traders, respectively.

Each one of them differs in regards to features such as spreads and the minimum amount of money required to trade. You must select the one best appropriate to your needs. All accounts offer the same conditions for trading and the services available They only differ based on the fees for withdrawals that the broker offers.

Trading Instruments

FXTB offers more than 300 attractive Financial assets to select from. With ForexTB you can dip into the world of markets as well as exchange CFDs for Forex assets, like GBP/USD or EUR/USD and trade CFDs on Commodities like silver, gold as well as crude oil.

Furthermore, you can also trade CFDs in stocks of big tycoons like Apple, Alphabet and Facebook as well as the most important Indices like NASDAQ as well as S&P 500 and FTSE 100.

Fees

FXTB spreads and costs that the broker provides as a trading solutions, with prices dependent on the type of account that you have, in addition to the type of trading size you have. Additionally, look up the complete charges in the table below which includes funding fees as well as non-trading fees.

Non-trading fees

FXTB also has an inactivity fee. If there are no transactions (deposits withdrawals, deposits or trading activities) in your trading account for a time that is at least 1 (1) months or longer, FXTB reserves the right to charge you the monthly fee for inactivity for your trading account in exchange for the guarantee of the ongoing availability of Your Trading Account.

Spreads

The broker's offering is appealing in terms of pricing and fee schedule. For an basic account holder, you can expect a spread of 3.2 pip and for the VIP account, the price is reduced to 1.8 percent. But, the brokerage will charge an inactivity charge for accounts that remain idle for longer than 30 days. Be sure to consider an the overnight charge or swap option when you're in a position for more than a day. It's determined through the instruments you use to trade and can be seen via a platform or website during trading. Take a look at the illustration in the photo above.

Take a look at some FXTB example spreads below. You might compare rates with other top brokers.

Deposits and withdrawals

A crucial aspect when selecting the best Forex broker is to determine the best way to transfer funds into or out of your account for trading. Naturally, brokers that are regulated follow the the best practices and are controlled by the authority that regulates them in terms of managing money.

Fees for deposits and Options

To deposit money via FXTB Log in to your account, then click the deposit button. There are many deposit methods that you can select from. You can deposit money using any of the following options:

1. Credit Card
2. Electronic Payment
3. Wire Transfer

It's also fantastic that there are no fees for deposits, so you don't be charged any commissions, but be sure to define this by talking to your provider of payment or Bank itself in accordance with the international rules that vary between different jurisdictions.

FXTB Minimum deposit requirement

FXTB Minimum deposit required is EUR250 that allows the opening of a Basic account. Accounts of higher quality will require more funds in order to accommodate traders who have previous experience.

FXTB minimum deposit, compared to other brokers

AXTB Cash Withdrawal

To make a withdrawal it is easy to log into your account, then click on the Banking tab, and then select the Withdrawal tab. Enter the amount you want to withdraw, and then click next. Complete the required fields and then click"Submit.

FXTB charges for withdrawals vary based on the kind of account you're using. To customers with VIP accounts,, every withdrawal is completely free. Platinum account holders are able to make three withdrawals free every month. Gold account holders can take one withdrawal at no cost every month. Account holders with a basic account are able to take advantage of one withdrawal free, with charges each withdrawal you make from that point on.

Trading Platforms

The trading platform, or software you utilize in conjunction with FXTB for trading and transactions process itself can be a choice in the WebTrader platform or a well-known market MetaTrader4.

Web Trader

Although WebTrader is definitely an Web Trading platform based on the MT4 engine which means that it is possible to use trading software without the requirement to install or programme anything on your computer. Additionally, you can trade from any device by simply accessing your trading account using the browser, which results in excellent access.

But, Web Trading platforms are not always able to be customized and offer a the range of tools for trading, it's simple to use however for those who require extensive trade portfolio adjustments and specifics, it is recommended to use Desktop version.

Meta Trader 4. (MT4)

MetaTrader4 desktop software is free to installation and download on any device, including PCs and MAC. The installation and specifications of MT4 permit you to completely customize and security of your work layout, which can be very helpful. In addition, specifically desktop versions are an excellent option for professionals and active traders as it is packed with sophisticated tools that are not limited by the strategies.

The platform, which is available through ForexTB It offers traders three different chart types, as well as more than fifty indicators that are technical You can also personal modify it to your liking.

With MetaTrader4 it is now possible to keep track of the market and make better decisions on when to begin trading through Forex or other CFDs.

Mobile Trading Platform

The mobile app is provided, while the applications are easy to use and provide an array of tools simultaneously. MT4 mobile has a variety of features for charting and personalization that makes it ideal for trading on mobile devices as well as full control over your account.

Customer Service

FXTB support for customers provides assistance via live chat telephone, email and live chat in several varieties of languages (English, German, Dutch, Italian, Spanish, Swedish, Polish). Support is available all hours of the day from 9 AM to 6 pm (GMT) just on days off on weekdays.

Education

FXTB users can access educational materials such as videos, webinars, instructions, TipRanks, Trading eBooks and CFD Tips for Trading.

In the Trading Central section, customers can access daily market analysis as well as an Economic Calendar Market Updates, and receive Strategy Newsletters, and gain access to the TC Research platform and Web TV dependent on the type of account.

In addition to it, the brokerage also offers an asset calculator tool that calculates spreads trade sizes, swaps, and charges in just a few clicks.

Conclusion

In the end, FXTB proposes a quality trading platform with flexible terms platforms, instruments and platforms. Another benefit is FXTB is licensed through CySEC, the European CySEC aligned with the MiFID directive which means that the broker is subject to security measures. We suggest an account with a higher level of balance for the most affordable withdrawals as well as the most secure spreads and daily free signals.