How can I open and verify a ForexTB account?

To open an account, visit ForexTB’s site, fill in personal details, verify your phone number, and complete a KYC process involving document upload (e.g., ID and proof of residence). Approval times vary but typically take less than 24 hours .

What platforms does ForexTB proprietary WebTrader support?

ForexTB's proprietary WebTrader is a browser-based platform offering a modern interface, essential charting tools, and seamless execution. It does not require installation and is ideal for users seeking simplicity and mobility without downloading MT4.

Does ForexTB offer a demo account?

Yes, ForexTB provides a free demo account pre-loaded with €100,000 in virtual funds . It is accessible without verification and serves as a risk-free environment to practice strategies before moving to real trading.

What leverage is available on ForexTB accounts?

ForexTB provides leverage based on regulatory classification: up to 1:30 for Retail clients , and up to 1:400 for Professional clients who meet eligibility criteria under MiFID II. The lower leverage for retail users is a regulatory safeguard against excessive risk.

Does ForexTB offer bonuses or promotions?

No. ForexTB does not offer bonuses or promotions , adhering to CySEC and MiFID II compliance rules that aim to reduce misleading incentives and protect retail investors.

What spreads does ForexTB charge on major currency pairs?

ForexTB uses a floating spread model . For EUR/USD, the minimum spreads are 3.0 pips (Basic), 2.7 pips (Gold), 2.1 pips (Platinum), and 1.6 pips (VIP) . These spreads are higher than average compared to brokers offering raw spread accounts, making the higher tiers more cost-efficient for frequent traders.

Is an Islamic account available on ForexTB?

No , ForexTB does not offer Islamic (swap-free) accounts . This can be a limiting factor for traders who need to comply with Sharia law, especially since many competitors provide this as a standard option.

What are the deposit and withdrawal methods at ForexTB?

ForexTB supports bank transfers, credit/debit cards (Visa, MasterCard) , and several e-wallets like Skrill, Neteller, PayU, iDeal, and more. These options may vary by client location. Withdrawals are free only up to a limit depending on account type, and further transactions may incur undisclosed fees.

Are there any trading commissions on ForexTB?

No , ForexTB follows a zero-commission model and earns through floating spreads . For example, the EUR/USD pair has a minimum spread of 3.0 pips on Basic accounts, reduced to 1.6 pips on VIP accounts. Despite the lack of direct commissions, wider spreads on lower-tier accounts may still impact trading costs.

How does copy trading work on ForexTB?

ForexTB offers copy trading via MT4 , allowing users to mirror strategies of experienced traders . This is ideal for beginners or passive investors looking to benefit from expert-level decisions without manual execution. However, results depend on the performance of the trader being copied.

What trading instruments are available on ForexTB?

ForexTB provides access to over 300 instruments , spanning Forex, stocks, indices, commodities, metals, and cryptocurrencies . Traders can speculate on major pairs like EUR/USD, or diversify with global stocks, crypto assets like Bitcoin, or commodities such as gold and oil.

Does ForexTB support MetaTrader 4 and mobile trading?

Yes. ForexTB offers MetaTrader 4 (MT4) across Android, iOS, and web platforms , along with its own proprietary WebTrader . The MT4 platform includes technical analysis tools, automated trading (via EAs), and real-time execution, making it suitable for both novice and advanced traders.

Is ForexTB available for traders outside of Europe?

No , ForexTB strictly limits its services to clients in the European Economic Area (excluding Belgium) and Switzerland . Traders from other regions, including Asia, Africa, and North America, are not accepted, aligning with CySEC’s jurisdictional restrictions.

What is the minimum deposit to start trading with ForexTB?

The minimum deposit required to open a Basic account with ForexTB is €250 . This tier offers limited features, such as higher spreads and only one free withdrawal. Higher-tier accounts require significantly more capital, ranging from €25,000 to €250,000, and offer better trading conditions.

How many account types does ForexTB offer and what are their differences?

ForexTB provides four account types : Basic, Gold, Platinum, and VIP. The key differences lie in minimum deposit , spread ranges , and withdrawal limits . Basic requires €250 and allows only 1 free withdrawal , while VIP starts at €250,000 and offers unlimited free withdrawals . Spread tightness also improves with higher-tier accounts, benefiting more active or professional traders.

Is ForexTB a regulated broker?

Yes, ForexTB is regulated by the Cyprus Securities and Exchange Commission (CySEC).

TradingFinder
Forex Brokers
ForexTB Broker Review 2025

Writer:

Rajesh Sharma

Reviewer:

Nino Gogochashvili

Fact checker:

Ram Nisha

Modified:Jun 1, 2025

ForexTB Broker Review 2025

Company:ForexTB

Founded:2012

Min Deposit:$250

Max Leverage:400

Headquarter:

Cyprus

US Accepted:

Max. Leverage 1:400 CySEC-Regulated Min. Deposit 250 EUR

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

About

ForexTB is a multi-asset brokerage regulated by CySEC with the license number 272/15. Headquartered in Nicosia, Cyprus, this company allows leverage of up to 1:30 for retail clients and 1:400 for professional accounts.

Contact

+357 2 222 2353 info@forextb.com

Lemesou Avenue 138, 2nd Floor, Office 108, 2015 Strovolos, Nicosia, Cyprus

Rank and Score

Pros and Cons

Account Types

Platforms

Pros

CySEC Regulation

300+ Instruments

Wide Range of Payment Options

Cons

High Minimum Deposit for All Accounts

Limited to EEA Countries

5 From 5.0

(1)

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ForexTB is a CySEC-regulated broker with 4 account types [Basic, Gold, Platinum, VIP], differentiating in terms of spreads and number of free withdrawals; Basic allows only 1 free withdrawal request, while VIP doesn’t set any limitations in this regard.

ForexTB Broker Company Information & Regulation

This Cypriot Forex broker, under the legal name Forex TB Limited, was founded in 2012. Key Facts About the Company and Regulation:

Regulatory Body: Cyprus Securities and Exchange Commission (CySEC)
License Number: 272/15
Headquarters: Lemesou Avenue 138, 2^nd Floor, Office 108, 2015 Strovolos, Nicosia, Cyprus

The broker adheres to the European Union's MiFID II framework, ensuring investor protection, transparent operations, and regulatory compliance across the European Economic Area (EEA).

ForexTB Key Specifications

Here's a quick snapshot of what this brokerage brings to the table:

Broker	ForexTB
Account Types	Basic, Gold, Platinum, VIP
Regulating Authority	CySEC
Based Currencies	USD, EUR
Minimum Deposit	€250
Deposit Methods	Skrill, Neteller, PayU, Sofort, Euteller, GiroPay, iDeal, etc.), Credit/Debit Cards (MasterCard, VISA)
Withdrawal Methods	Skrill, Neteller, PayU, Sofort, Euteller, GiroPay, iDeal, etc.), Credit/Debit Cards (MasterCard, VISA)
Minimum Order	0.01
Maximum Leverage	1:400 (1:30 for Retail)
Investment Options	Copy Trading via MT4
Trading Platforms & Apps	MetaTrader 4, Proprietary
Markets	Forex, Stocks, Metals, Commodities, Indices, Crypto
Spread	Floating
Commission	No Trading Commissions
Orders Execution	Instant, Market
Margin Call / Stop Out	N/A
Trading Features	Economic Calendar
Affiliate Program	None
Bonus & Promotions	None
Islamic Account	N/A
PAMM Account	None
Customer Support Ways	Email, Phone, Live Chat
Customer Support Hours	24/5

Account Types Details

ForexTB offers four distinct account types with differences in terms of spreads and commissions. The table below mentions each account with its minimum required deposit and free withdrawals:

Account Type	Min. Deposit	Free Withdrawals
Basic	€250	1
Gold	€25,000	1 per Month
Platinum	€100,000	3 per Month
VIP	€250,000	Unlimited

In addition to the mentioned items, a demo account is also provided with 100,000 units of virtual currency that is accessible without verification.

Per our investigations, the maximum available leverage for Retail accounts is 1:30; it goes up to 1:400 for Professional clients.

Notable Benefits and Drawbacks

Like any broker, ForexTB has its strengths and weaknesses. Let's break them down:

Benefits	Drawbacks
CySEC Regulation	High Minimum Deposit for All Accounts
300+ Instruments	Limited to EEA Countries
Wide Range of Payment Options	-

ForexTB Account Opening and Verification

Opening an account with the discussed brokerage won’t require too much effort. The following 3 sections will guide you through the process.

#1 Head to the Site

Navigate to the official website and click on the "Sign Up" option to access the registration form.

#2 Complete the Form

Provide your details, including name, email, and phone number, each in its respective field on the form.

Next, verify your phone number by entering the verification code you received. Now, you have an account on the broker’s website.

#3 Verify Your Identity

To verify your identity, you must answer the questionnaire and provide the required documents.

Trading Platforms and Terminals

ForexTB provides two trading platforms. One of them is MetaTrader 4, which is widely recognized as the industry standard, offering access to essential trading tools and features. Download/Access Links:

Also, the brokerage offers a proprietary web trading terminal called ForexTB WebTrader, with all necessary options and a more modern-looking interface compared to MT4.

ForexTB Fees and Commissions

This broker operates on a spread-based pricing model, meaning they make their money through the difference between the buy and sell price of an asset. Floating Spreads Based on Accounts:

Account Type	EUR/USD Min. Spread (Pips)	GBP/USD Min. Spread (Pips)
Basic	3.0	3.4
Gold	2.7	3.1
Platinum	2.1	2.5
VIP	1.6	2.0

Based on the available data, there is no deposit fee, but inactivity and withdrawal (under certain conditions) commissions are charged in unannounced amounts by the broker.

What Payment Options Are Available?

ForexTB offers a long list of payment methods to cater to different preferences:

Bank Transfers: Several options available
E-Payment Systems: Skrill, Neteller, PayU, Sofort, Euteller, GiroPay, iDeal, etc.
Credit/Debit Cards: MasterCard & VISA

The website states that these choices “may vary depending on the client’s region”.

Any Copy Trading & Other Investment Methods?

ForexTB offers copy trading functionality through the MT4 platform, allowing traders to:

Follow and copy successful traders
Diversify their portfolio easily
Learn from experienced traders' strategies

ForexTB Broker Tradable Instruments

This company has a list of over 300 tradable instruments across 5 asset classes:

Forex Market: Major, minor, and exotic currency pairs
Stocks: CFDs on global company shares
Commodities: Metals, energies, and agricultural products
Indices: Stock index symbols
Cryptocurrencies: Bitcoin, Ethereum, and other popular digital assets

Available Bonuses and Promotions

As per our examinations, ForexTB does not offer any bonuses or promotions. This is in line with stricter regulatory requirements aimed at protecting traders from potentially misleading offers.

ForexTB Broker Support Contact Channels and Working Hours

This company has 3 usual common contact options for its customer service department:

Email: info@forextb.com
Phone: +357 2 222 2353
Live Chat: Available via the website

The brokerage has set a 24/5 schedule for its support agents. There have been some unsatisfactory comments on review sources on the customer service provided by the broker.

Geographical Restrictions: Is ForexTB Available for Everyone?

This broker has clearly stated on its official website that “Forex TB Limited offers services within the European Economic Area (excluding Belgium) and Switzerland”. Therefore, clients from other regions are not accepted by this company.

Trust Scores & Reviews

ForexTB's page on Trustpilot and other reliable sources show a generally negative reputation among traders:

Trustpilot: 1.9/5 based on 190+ reviews

ForexTB on Trustpilot — ForexTB’s average user score on Trustpilot is 1.9/5

REVIEWS.io: 1.6/5 with 20+ user ratings
ScamAdviser: 1/100 Trustscore, 1.4/5 average user scores

ForexTB on ScamAdviser — ForexTB has received a 1/100 Trustscore from the ScamAdviser website

Approximately 45% of the reviews on Trustpilot are 5-star, while almost 40% are 1-star. Additionally, the review platform has noted that the company hasn't responded to negative reviews.

How Deep are the Education Resources in ForexTB?

This broker offers a decent range of educational resources:

Webinars on various trading topics
E-books covering trading strategies, capital management, psychology, etc
Glossary consisting of technical terms sorted in alphabetical order
Economic calendar for tracking market-moving events
Articles on leverage, margin, technical/fundamental analysis, and CFD trading tips

ForexTB in Comparison with Other Brokerages

This brokerage is compared to some of the top brokers in the industry in the table below:

Parameter	ForexTB Broker	Exness Broker	FxPro Broker	Tickmill Broker
Regulation	CySEC	FSA, CySEC, FCA, FSCA, CBCS, FSC, CMA	FCA, FSCA, CySEC, SCB	FSA, FCA, CySEC, LFSA, FSCA
Minimum Spread	1.6 pips	From 0.0 pips	0.0 Pips	0.0 Pips
Commission	None	From $0.2	From $0	From $0
Minimum Deposit	€250	$10	$100	$100
Maximum Leverage	1:400 (1:30 for Retail)	Unlimited	1:500	1:1000
Trading Platforms	MetaTrader 4, Proprietary	Exness Trade (mobile), Exness Terminal (web), MT4, MT5	MT4, MT5, cTrader, Web Trader, Mobile App	Metatrader 4, Metatrader 5, Metatrader Web, Mobile App
Account Types	Basic, Gold, Platinum, VIP	Standard, Standard Cent, pro, Raw Spread, Zero	Standard, Pro, Raw+, Elite	Classic, Raw
Islamic Account	N/A	Yes	Yes	Yes
Number of Tradable Assets	300+	200+	2100+	600+
Trade Execution	Instant, Market	Market, Instant	Market, Pending	Market

Conclusion and Final Words

ForexTB does not charge any trading commissions, but there are floating spreads. EUR/USD has a minimum spread of 2.7 pips on Gold accounts; it is lower at 1.6 pips in VIP account type.

More than 190 users have given an average review score of 1.9/5 to ForexTB broker on “Trustpilot”.

FAQs

Is ForexTB a regulated broker?: Yes, ForexTB is regulated by the Cyprus Securities and Exchange Commission (CySEC).
How many account types does ForexTB offer and what are their differences?: ForexTB provides four account types: Basic, Gold, Platinum, and VIP. The key differences lie in minimum deposit, spread ranges, and withdrawal limits. Basic requires €250 and allows only 1 free withdrawal, while VIP starts at €250,000 and offers unlimited free withdrawals. Spread tightness also improves with higher-tier accounts, benefiting more active or professional traders.
What is the minimum deposit to start trading with ForexTB?: The minimum deposit required to open a Basic account with ForexTB is €250. This tier offers limited features, such as higher spreads and only one free withdrawal. Higher-tier accounts require significantly more capital, ranging from €25,000 to €250,000, and offer better trading conditions.
Is ForexTB available for traders outside of Europe?: No, ForexTB strictly limits its services to clients in the European Economic Area (excluding Belgium) and Switzerland. Traders from other regions, including Asia, Africa, and North America, are not accepted, aligning with CySEC’s jurisdictional restrictions.
Does ForexTB support MetaTrader 4 and mobile trading?: Yes. ForexTB offers MetaTrader 4 (MT4) across Android, iOS, and web platforms, along with its own proprietary WebTrader. The MT4 platform includes technical analysis tools, automated trading (via EAs), and real-time execution, making it suitable for both novice and advanced traders.
What trading instruments are available on ForexTB?: ForexTB provides access to over 300 instruments, spanning Forex, stocks, indices, commodities, metals, and cryptocurrencies. Traders can speculate on major pairs like EUR/USD, or diversify with global stocks, crypto assets like Bitcoin, or commodities such as gold and oil.
How does copy trading work on ForexTB?: ForexTB offers copy trading via MT4, allowing users to mirror strategies of experienced traders. This is ideal for beginners or passive investors looking to benefit from expert-level decisions without manual execution. However, results depend on the performance of the trader being copied.
Are there any trading commissions on ForexTB?: No, ForexTB follows a zero-commission model and earns through floating spreads. For example, the EUR/USD pair has a minimum spread of 3.0 pips on Basic accounts, reduced to 1.6 pips on VIP accounts. Despite the lack of direct commissions, wider spreads on lower-tier accounts may still impact trading costs.
What are the deposit and withdrawal methods at ForexTB?: ForexTB supports bank transfers, credit/debit cards (Visa, MasterCard), and several e-wallets like Skrill, Neteller, PayU, iDeal, and more. These options may vary by client location. Withdrawals are free only up to a limit depending on account type, and further transactions may incur undisclosed fees.
Is an Islamic account available on ForexTB?: No, ForexTB does not offer Islamic (swap-free) accounts. This can be a limiting factor for traders who need to comply with Sharia law, especially since many competitors provide this as a standard option.
What spreads does ForexTB charge on major currency pairs?: ForexTB uses a floating spread model. For EUR/USD, the minimum spreads are 3.0 pips (Basic), 2.7 pips (Gold), 2.1 pips (Platinum), and 1.6 pips (VIP). These spreads are higher than average compared to brokers offering raw spread accounts, making the higher tiers more cost-efficient for frequent traders.
Does ForexTB offer bonuses or promotions?: No. ForexTB does not offer bonuses or promotions, adhering to CySEC and MiFID II compliance rules that aim to reduce misleading incentives and protect retail investors.
What leverage is available on ForexTB accounts?: ForexTB provides leverage based on regulatory classification: up to 1:30 for Retail clients, and up to 1:400 for Professional clients who meet eligibility criteria under MiFID II. The lower leverage for retail users is a regulatory safeguard against excessive risk.
Does ForexTB offer a demo account?: Yes, ForexTB provides a free demo account pre-loaded with €100,000 in virtual funds. It is accessible without verification and serves as a risk-free environment to practice strategies before moving to real trading.
What platforms does ForexTB proprietary WebTrader support?: ForexTB's proprietary WebTrader is a browser-based platform offering a modern interface, essential charting tools, and seamless execution. It does not require installation and is ideal for users seeking simplicity and mobility without downloading MT4.
How can I open and verify a ForexTB account?: To open an account, visit ForexTB’s site, fill in personal details, verify your phone number, and complete a KYC process involving document upload (e.g., ID and proof of residence). Approval times vary but typically take less than 24 hours.