FXTB: broker review, rating and customer reviews

11.11.2022

Year of foundation

2015

Site

https://www.forextb.com/

Software

MetaTrader 4, mobile platform, web terminal

Payment systems

Transfer via bank, Neteller, Skrill, PayPal, Deal, Sofort, Visa or Mastercard

Rating

5.9

  1. General Information
  2. Investment Programs
  3. Affiliate Program
  4. Trading terms
  5. Commissions
  6. Account Types
  7. Bonus program
  8. Training Materials
  9. Security Guarantee
  10. Fund Deposit and Withdrawal
  11. Customer service
  12. Personal Cabinet Overview
  13. Contact
  14. FXTB customer reviews

FXTB is an international broker that works with traders from Spain, France, Great Britain, Holland and Poland. Most of the company's clients are investors who prefer independent trading. FXTB provides all necessary tools for analyzing financial markets.

💸 Assets

Shares, CFDs, currency pairs, indices, commodities

⚖️ Leverage

1:30 standard, 1:400 for professional traders

➕ Affiliate Program

No

💰 Minimum deposit

$250

💳 Account currency

USD

💹 Spreads

From 1.6 points 

📊 Brokerage accounts

BASIC, GOUD, PLATINA, VIP

🎁 Bonuses

No

📱 Mobile Platform

Yes 

General Information

We have compiled a review about FXTB which shows that it is a standard STP broker. The company offers trading platforms for traders with different levels of knowledge in investing. For beginners, there is a terminal with an easy-to-use interface and extensive functionality. The online broker also offers clients a more sophisticated version of the trading platform, which requires registration, but provides features such as 1-click trading in a wide range of markets.

FXTB provides a comfortable environment for trading in financial markets. Traders get access to analytical tools for independent trading and analysis of quotes for the main assets. The Forex broker guarantees the absence of slippages and requotes during trading. The company cooperates with large liquidity providers, that's why the trading terminals display real assets quotations which fully correspond to the exchange indicators.

broker's homepage

Broker's advantages

  • Instant order processing.
  • Flexible trading conditions according to FXTB basic tariffs.
  • Wide range of payment systems.
  • Hour technical support 5 days a week.

Disadvantages of the broker

  • The lack of an affiliate program.
  • Relatively high spreads.
  • No bonuses.

Investment Programs

The service of copying trades FXTB is a great way for Forex traders who do not have enough experience in investing. The social trading service allows you to copy trades of other users of the platform. Such an opportunity is available to registered clients of an online broker. Both beginners and experienced investors can use the service. The latter can become providers of trading signals. In this case, the trader gets a percentage of trades copied by other investors.

Affiliate Program

FXTB's marketing strategy is focused on providing profitable trading conditions and improving its order processing model. The company has not yet added an affiliate program, but it tracks statistics on the number of traders. This is especially true for those clients who join the company through advertisements.

Trading terms

FXTB can be considered a universal intermediary in financial markets for traders who use different trading strategies. The flexible trading conditions are suitable for investors working on both long-term and short-term strategies. Thanks to instant order processing, the online broker provides clients with scalping opportunities. However, scalping and high-frequency trading may not always be profitable due to relatively high spreads. Our experts believe that FXTB is more suitable for traders targeting intraday and long-term strategies.

The company provides access to trading stocks, CFDs, currency pairs, indices and commodities. You can use the MetaTrader platform and the broker's proprietary web terminal for trading. Investors can also download a mobile application and trade financial market assets at any convenient location.

Commissions

We've studied FXTB reviews about commissions. Many traders note quite high spreads, which start at 1.6 pips. Also, the broker has a fee for transferring open trades to the next trading day. Additional fee for the processing of financial transactions may be set by payment systems and banks.

Account Types

FXTB offers a variety of account types, each with their own unique features. For example, they offer 1:30 leverage for all traders. On an individual basis, there is an opportunity to raise the leverage level to 1:400. This should be clarified when opening an account.

Totally, the broker offers several account variants, which differ in the size of initial deposit:

  1. BASIC: $250.
  2. GOUD: $25 thousand.
  3. PLATINA: $100 thousand.
  4. VIP: $250 thousand.

Connect a demo account if you want to check the broker's trading conditions, practice your trading strategy, or improve your trading skills. You can use a demo account without any deposit. To open trades through a demo account virtual coins are used, which are credited to a training account and are not converted into real money.

Bonus program

Currently, the broker's marketing policy does not provide for attracting new clients with bonuses and loyalty programs. The company may consider introducing such an incentive system later, but for now it does not offer any types of rewards. FXTB in work with traders stakes on professionalism and improvement of trading platforms.

Training Materials

The company provides a wide range of resources, including training manuals, webinars, and a blog. FXTB also has a dedicated customer support team that is available to answer any questions you may have. The company offers several different types of accounts, each with its own set of features and benefits. FXTB is the perfect choice for those looking for a broker that offers comprehensive trading education.

FXTB also provides traders with access to various analytical tools. These tools are designed to help traders make better decisions about their trading strategies. FXTB's analytical tools include a Forex newsfeed, economic calendar and market analysis. The Forex newsfeed provides traders with up-to-date information about the forex market. The economic calendar helps traders stay on top of economic events that can affect asset prices. And the market analysis tool gives traders an idea about the general direction of the Forex market.

Security Guarantee

FXTB broker meets all the requirements to provide a safe trading environment for clients. In addition, it is approved and licensed by one of Europe's most reputable financial bodies: CySEC (Cyprus). This not only gives us the freedom but also the responsibility to strictly adhere to the rules set by regulators such as the European directive MiFID II. This ensures the integrity of the online broker when conducting transactions while protecting the personal data each client deserves.

Fund Deposit and Withdrawal

The review of FXTB broker showed that the company provides a large number of payment systems for depositing and withdrawing funds. Traders can make financial transactions through Neteller, Skrill, PayPal, Deal, Sofort. You can also use Visa or Mastercard to fund your trading account and withdraw funds. The company provides the possibility of transferring money through a bank, including using the rapid withdrawal system.

Customer service

The FXTB broker support team is dedicated to helping traders with any questions or problems they may have. The support team is available 24 hours a day, 5 days a week, and is staffed by experienced and knowledgeable professionals. If you need help with your account, trading platform, or any other aspect of your trading, the support team is here to help. Plus, there's plenty of resources and information on the FXTB site to help you become a better trader.

Personal Cabinet Overview

The FXTB broker's personal cabinet is a web-based application that provides traders with an overview of their account status and trading activity. The interface is simple and easy to navigate, with all information clearly laid out. The main menu is located at the top of the page and from here traders can access their account details, deposits and withdrawals, open positions and trading history. Overall, the FXTB Private Office is a well-designed and user-friendly application that offers all the information and tools traders need to effectively manage their accounts.

registration

Contact

Phone

+357 2 222 2353

E-mail

[email protected]

Chat

On the broker's website

FXTB customer reviews

We've studied traders' comments on request FXTB reviews. Traders note the convenient trading conditions, a wide range of payment systems, and fast processing of orders. The dissatisfaction of investors is mainly due to high commissions. Traders also note that withdrawal of funds can be accompanied by delays.

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