Home -
FOREX TB -

Score

4.93 /10
Average

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

Influence

C

Add brokers

Comparison

Quantity 2

Exposure

Open Account
Website

Score

Regulatory Index3.51

Business Index7.95

Risk Management Index8.90

Software Index4.00

License Index3.72

Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Regulatory disclosure

Sanction

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

Broker Information

More

Company Name

FOREX TB Ltd

Company Abbreviation

FOREX TB

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

FOREX TB didn’t respect the right of withdrawal

Cyprus and the UN stipulates that the limit of the evacuation on contract is 14 days, during which, any fee won’t be charged. But FOREX TB charged a fine and withheld a portion of margin, which is seriously.

Jose Cervi
2020-05-16 15:29
Unable to Withdraw

I was scammed a few days ago

A few days ago I thought about depositing in this broker for the "benefits" it gave and also for the supposed secure payment. It all started at the beginning of June and I decided to invest a small savings of USD 1000 that I had saved. I deposited it and everything was fine until 1 week later I wanted to withdraw because I needed that money that was savings. They denied me, the only evidence I have is their email that they don't even respond after a few days. A total scam, this is the broker.

FX3014259715
2021-07-08 17:54
Sources
Data Source WikiFX Data provide
Updated: 2024-12-23
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.

image.png

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.

image.png

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

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

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

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

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

User Reviews

More

User comment

7

Comments

Write a review

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.
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.
Translate to English
2023-02-20 18:56
Reply
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.
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.
Translate to English
2023-02-16 10:12
Reply
0
0
2