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FOREX TB

Cyprus|5-10 years|
Regulated in Cyprus|Straight Through Processing(STP)|Suspicious Scope of Business|Medium potential risk|

https://www.forextb.com/eu/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Turkey 2.62

Surpassed 30.05% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+357 2 222 2353
CS@PATRONFX.PL
https://www.forextb.com/eu/
Lemesou Avenue 71, 2nd Floor 2121 Aglantzia, Nicosia, Cyprus.

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Sanction

CY CYSEC
2022-06-30
CYSEC Board Decision
FOREX TB
PatronFX

Contact number

English

+357 2 222 2353

Broker Information

More

Company Name

FOREX TB Ltd

Company Abbreviation

FOREX TB

Platform registered country and region

Cyprus

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts
Previous Detection : 2024-03-03
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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FOREX TB · 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.

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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.

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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

News

WIKIFX REPORT: Forex TB reaches €270,000 settlement with CySEC

NewsWIKIFX REPORT: Forex TB reaches €270,000 settlement with CySEC

2022-08-31 14:33

The Cyprus Securities and Exchange Commission (CySEC) today announced a EUR 270,000 settlement with Cyprus investment firm Forex TB Ltd.

WikiFX
2022-08-31 14:33
News
WIKIFX REPORT: Forex TB reaches €270,000 settlement with CySEC
WIKIFX REPORT: Forex TB reaches €270,000 settlement with CySEC

NewsWIKIFX REPORT: Forex TB reaches €270,000 settlement with CySEC

2022-07-20 13:40

The Cyprus Securities and Exchange Commission (CySEC) today announced a EUR 270,000 settlement with Cyprus investment firm Forex TB Ltd.

WikiFX
2022-07-20 13:40
News
WIKIFX REPORT: Forex TB reaches €270,000 settlement with CySEC

User Reviews

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7

Comments

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FX1249644062
more than one year
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.
2023-02-20 18:56
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0
0
孙秀香
more than one year
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.
2023-02-16 10:12
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0
0
FX1200429457
more than one year
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.
2023-02-13 15:39
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0
0
独聆
more than one year
All they wanted to do was put more and more money into my trading account. I was assured of expert help and large profits, both of which never come, only calls and pressure...
2022-12-11 16:39
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0
0
Giu
more than one year
STAY AWAY from FOREX TB! Spreads are too high. Customer Service sucks. They denied my profit withdrawal request and let me invest more fund in my account. They are all scammers!
2022-11-24 11:05
Reply
0
0
CL33673
more than one year
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…
2022-11-23 17:12
Reply
0
0
野狼34238
more than one year
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.
2022-11-21 09:37
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0
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