ForexTB broker review: trading conditions, regulation, reviews of traders, deposit and withdrawal of funds.

FXTB began work in mid-2020 and received a CySEC license. It offers services for online CFD and forex trading only within the European Economic Area. For many clients, FXTB will seem like completely new broker. However, some old traders are very familiar with the company that owns it. This will be discussed below.

From this review, you will find out if ForexTB is a legal and reliable broker, or is it just another scam?

ForexTB Total Score
0.1
Reliability & Safety
0.1
Trading platforms & Tools
0.1
Trading offers
0.1
Spreads & Commissions
0.1
Mobile app
0.1
Deposit & Withdrawal
0.1
Research & Education
Reviewer 0.1 / 5
Users (0 votes) {{ reviewsOverall }} / 5
Official sitehttps://www.forextb.com/eu
Related brokers24Option, InvestMarkets, Investous, Ubrokers
Year of foundation2020
Regulated byCySEC
Trading instruments260+ assets
CFDs on forex, stocks, indices, ETF, commodities, cryptocurrencies
Spreads and commissionsHigh floating spreads
From 2.8 pips
Most popularForexTB in Cyprus, Albania, Italy, Spain, Ireland, Sweden, Germany, Netherlands, Poland
Provision of services in the US, UK, Canada, European Economic Area The European Economic Area
The US, the UK and Canada.
Min. trade size0.01
LeverageUp to 1:500
Account typesBasic, Gold, Platinum, VIP
Minimum deposit$ 250
Minimum withdrawal$ 120
Deposit & withdrawal methods7+
Payment Fees3.5% fees for withdrawal
Trading hours24/5
24/7 (For crypto)
Trading platformsMT4, Proprietary platform
Mobile App
Demo
Copy Trading
AT/Robots
BonusUp to 50%
Affiliate program

You can login the platform after registering on the official ForexTB website.

CySEC regulation proves the reliability of FXTB?

ForexTB reviews

Forex TB Limited, a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF license number 272/15.

CySEC regulation is quite authoritative among forex and CFD brokers. In most cases, it means that you will be trading with an honest and reliable broker. But there are also rare exceptions. And this is exactly the case.

Initially, this company had a broker 24Option which was also regulated by CySEC. Due to numerous violations, the broker was fined and then lost the regulator’s license. The reputation of the 24Option was finally destroyed. After that, the company created several new brokers with a “clean” reputation. These are ForexTB, Ubrokers, Investous and InvestMarkets.

Even the CySEC license should not make you trust ForexTB. Perhaps for a while they will be honest to attract a large number of traders. Just like it was with 24Option. But you need to understand that all brokers from this company are scammers.

main scam company

Reviews of traders about the ForexTB

There are not many reviews about the ForexTB broker. Traders’ reviews about ForexTB are both positive and negative.

Some clients have already fully realized the whole essence of the FXTB. To do this, you just had to fill in your personal data in the registration form. After that, ForexTB’s managers begin to aggressively force you to start trading. These same managers will do everything to make you lose your deposit. For these and many other violations, their previous brand 24Option has already been fined. It looks like they don’t want to give up their scam.

forextb reviews 1
forextb reviews 2

In positive reviews of ForexTB, clients note a large selection of assets and good trading conditions. Some are completely happy with trading with this broker. But many such reviews about ForexTB seem unnatural. Perhaps now ForexTB is just trying to attract as many customers as possible. And then it will completely start its fraudulent activities.

forex tb reviews 3
forex tb reviews 4

Is ForexTB a legal or scam broker?

Despite the legal regulation of CySEC, ForexTB is a scam broker. Now the Forex TB is trying to appear legal and honest. But this company has already had cases of scam. And they created many new brokers to make traders forget about these cases.

Now their managers have already begun psychological treatment of clients. They will persuade you to make a big deposit in order to make a lot of money. But most likely, you will not be able to earn with ForexTB. Sooner or later, you will lose your entire deposit. Most likely, further the ForexTB broker’s scam will manifest itself more and more.

Therefore, your capital may be under great threat not only from the high risk when trading the CFD and Forex, but also from the ForexTB’s scam.

So far, FXTB is withdrawing funds. But in the case of ForexTB, the situation with the withdrawal of funds can change for the worse at any time.

As a result of the review, it is better not to trust the ForexTB broker. For CFDs trading, you should consider a more reliable broker (for example, eToro, FxPro, Plus500 or other reliable brokers).

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