ForexTB review offers an objective look at this Cyprus-based forex and CFD broker known for its user-friendly interface and regulatory compliance within the EU. Catering primarily to retail traders, ForexTB provides a straightforward trading environment via web and mobile platforms, offering CFDs on popular financial instruments including forex, indices, commodities, and stocks.

Regulation and Safety

ForexTB is operated by Forex TB Limited, which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 272/15. As a CySEC-regulated firm, ForexTB is compliant with MiFID II and offers investor protection through the Investor Compensation Fund (ICF) for eligible clients up to €20,000. Client funds are kept in segregated accounts and the broker follows EU data protection regulations.

Execution Model and Trading Platforms

ForexTB operates a market maker model for most accounts, offering instant execution with fixed or variable spreads. It provides access to the popular MetaTrader 4 (MT4) platform and a proprietary WebTrader interface. Both platforms are accessible on desktop, web, and mobile devices. FIX API and VPS services are not offered, making this broker more suitable for retail traders rather than algorithmic or institutional participants.

Markets and Instruments

ForexTB offers over 270 CFD instruments across various asset classes:

• Forex (45+ currency pairs)
• Indices (major global indices)
• Commodities (gold, oil, silver, etc.)
• Stocks (popular US and European equities)
• Cryptocurrencies (BTC, ETH, LTC, XRP, etc.)

Accounts, Spreads and Leverage

ForexTB provides four account types: Basic, Gold, Platinum, and VIP. Spreads start from 1.8 pips on Basic accounts and can drop to 0.7 pips on VIP accounts. Leverage for retail clients is capped at 1:30 per ESMA rules, but professional clients can access leverage up to 1:400 upon request and qualification. The minimum deposit for Basic accounts is €250. Stop-out levels typically range from 50% to 100% depending on account tier.

Funding and Base Currencies

Clients can deposit funds via credit/debit card, wire transfer, Skrill, and Neteller. Supported base currencies include EUR, USD, and GBP. Most deposit methods are processed instantly, while withdrawals can take up to 5 business days depending on the verification status and payment provider. One free withdrawal is typically allowed per month; fees apply to additional transactions.

Client Protections and Features

ForexTB provides standard EU retail protections including negative balance protection, segregated funds, and ICF eligibility. Two-factor authentication (2FA) is supported on the proprietary platform. Clients also have access to basic educational resources, market news, trading signals, and account managers for higher-tier accounts. Biometric logins are available via the mobile app.

Institutional and Retail Offering

ForexTB is designed solely for retail clients and does not provide institutional services such as FIX API, prime brokerage, or white-label solutions. Its offerings are optimised for beginner to intermediate traders looking for an easy-to-use interface and access to CFDs across major asset classes. Premium accounts come with extra features such as advanced tools, tighter spreads, and faster withdrawal processing.

Pros and Cons

Pros

• CySEC regulation with MiFID II compliance
• User-friendly WebTrader and MT4 platforms
• Wide range of CFDs including crypto and stocks
• Negative balance protection and ICF eligibility
• Tiered accounts with enhanced features

Cons

• High spreads on lower-tier accounts
• No FIX API, VPS, or institutional tools
• Limited educational and analytical resources

Frequently Asked Questions

Is ForexTB regulated?

Yes, ForexTB is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 272/15.

What platforms does ForexTB offer?

The broker offers MetaTrader 4 (MT4) and a proprietary WebTrader, both accessible on web and mobile.

What is the minimum deposit to open an account?

The minimum deposit for a Basic account is €250.

Does ForexTB offer crypto trading?

Yes, ForexTB offers CFDs on several cryptocurrencies including Bitcoin, Ethereum, and Litecoin.

Are client funds protected?

Yes, ForexTB offers negative balance protection, segregated accounts, and ICF compensation up to €20,000.