Score
FOREX TB
Cyprus|5-10 years| https://www.forextb.com/eu/
Website
Rating Index
Influence
Influence
C
Influence index NO.1
Turkey 2.62Contact
Licenses
Licensed Institution：FOREX TB Ltd
License No.：272/15
Basic information
Cyprus
5-10 years Regulated in Cyprus Straight Through Processing(STP) Suspicious Scope of Business Medium potential riskAccount Information
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Sources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
forextb.com
Server Location
United States
Website Domain Name
forextb.com
Server IP
104.22.13.14
Genealogy
VIP is not activated.Company Summary
General Information & Regulation
Forex TB is operated by Forex TB Limited, a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF licence number 272/15. Forex TB Limited is located at Lemesou Avenue 71, 2nd Floor 2121 Aglantzia, Nicosia, Cyprus. Forex TB Limited offers services within the European Economic Area (excluding Belgium) and Switzerland.
Market Instruments
Forex TB offers investors a wide range of assets with over 50 pairs of Forex currency pairs, indices, commodities, and stock CFDs, as well as a large number of ETFs.
Forex TB Minimum Deposit
Forex TB offers four trading accounts in total: the Basic account, the Gold account, the Platinum account and the VIP account. The minimum initial deposit requirement to start a basic account is €250, a little bit higher than sector standard.
Forex TB Leverage
Trading leverage vary depending on reatail traders and professionals. For retail traders, the maximum trading leverage for forex instruments is up to 1:30. Professionals can use the high leverage of up to 1:400 on major forex trading.
Spreads & Commissions
The Forex TB platform employs commission-free trading with a spread of 1.1 pips on the EURUSD, while there are many influential brokers that offer thinner spreads, such as FTXM, which offers a minimum spread of 0.7 pips on the EURUSD.
Forex TB Trading Platforms
Forex TB supports the market-leading MetaTrader4 (MT4) (available as a desktop version) as well as its in-house xStation (available in web and mobile versions). xStation is customizable and easy-to-use multi-functional software. The platform features one-click trading, the ability to trade directly from the charts, and is equipped with a number of technical analysis tools and advanced charting packages.
Deposit & Withdrawal
Forex TB offers a limited number of deposit and withdrawal methods, mainly wire transfer and DotPay. Popular credit/debit cards, Skrill, and NETELLER methods are not welcomed.
Customer Support
The Fprex TB customer suport can be reached through several methods including email, telephone, as well as a contact form. Unfortunately, live chat support can not be available, though it is the most convenient way to get responded.
Forex TB Pros & Cons
Forex TB Advantages include:
1. Cysec regulation
2. Low minimum deposit requirements
3. Commission-free trading
4. MT4 trading platform
Forex TB Disadvantages include:
1. Limited deposits & withdrawals methods
2. Conservative leverage
Keywords
- 5-10 years
- Regulated in Cyprus
- Straight Through Processing(STP)
- Suspicious Scope of Business
- Medium potential risk
News
News WIKIFX REPORT: Forex TB reaches €270,000 settlement with CySEC
The Cyprus Securities and Exchange Commission (CySEC) today announced a EUR 270,000 settlement with Cyprus investment firm Forex TB Ltd.
2022-08-31 14:33
News WIKIFX REPORT: Forex TB reaches €270,000 settlement with CySEC
The Cyprus Securities and Exchange Commission (CySEC) today announced a EUR 270,000 settlement with Cyprus investment firm Forex TB Ltd.
2022-07-20 13:40
Review 7
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FX3014259715
Paraguay
A few days ago I thought about depositing in this broker for the "benefits" it gave and also for the supposed secure payment. It all started at the beginning of June and I decided to invest a small savings of USD 1000 that I had saved. I deposited it and everything was fine until 1 week later I wanted to withdraw because I needed that money that was savings. They denied me, the only evidence I have is their email that they don't even respond after a few days. A total scam, this is the broker.
Exposure
2021-07-08
Jose Cervi
Spain
Cyprus and the UN stipulates that the limit of the evacuation on contract is 14 days, during which, any fee won’t be charged. But FOREX TB charged a fine and withheld a portion of margin, which is seriously.
Exposure
2020-05-16
FX1249644062
New Zealand
FOREX TB's website looks professional and can be trusted. Unfortunately I couldn't find a demo account. I think it is necessary to provide demo accounts to users to help them avoid some losses.
Neutral
2023-02-20
FX1200429457
Colombia
This forex broker offers services in Spanish, which I think is a great advantage! but the most important thing, in my opinion, is safety. I fear this company will fail us in this regard.
Neutral
2023-02-13
CL33673
Thailand
Trading conditions are not attractive at all, I will not waste my money or time here. If you have extra investment money, I advise you to choose another broker…
Neutral
2022-11-23
孙秀香
Australia
FOREX TB seems to be a normal foreign exchange company, but after reading the user's exposure, I realized that it is a scam! Without the platform of wikifx, I would not know its true colors.
Positive
2023-02-16
野狼34238
Mexico
In my opinion, forex is also a good broker. It provides users with the MT4 platform, but does not provide MT5. At first I thought MT4 was a worse platform than MT5, but then I found out that MT4 actually has some features that MT5 doesn't, and is completely sufficient for most traders. The conditions that forex also offers are satisfactory.
Positive
2022-11-21