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.
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.
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