FXTB 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. ForexTB, or FXTB, is a straight-through processing broker based in Cyprus since 2015. Owned by ForexTB Limited and regulated by the Cyprus Securities and Exchange Commission, the broker accepts clients from 29 countries across the globe. It offers competitive spreads without any accompanying commissions for CFD traders, helping it stand out in a crowded field.
Forex TB Limited, a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF license number 272/15.
- Competitive Spreads: The best feature offered by the broker is highly competitive starting spreads, especially for higher tier accounts. Additionally, FXTB does not charge any commissions for any trades executed on the platform.
- Minimal Withdrawal Thresholds: There is no minimum threshold with regard to withdrawals for common funding methods like credit and debit cards, Skrill, and Neteller. Withdrawals are processed speedily within 24 hours before reaching the funding source within up to 5 business days.
- Multiple Funding Methods: FXTB users can fund accounts using a range of methods including credit cards, debit cards, wire transfers, Skrill, Neteller, Sofort, IDEAL, Trustly, MyBank, GiroPay, EPS, and Przelewy24. This helps ensure secure deposit methods that are seamless and don’t incur any fees.
- Solid Trading Support: The broker offers significant trading support to its clients. Key features offered by the broker include trading updates, advanced charting, as well as on-demand video lessons and webinars.
FXTB offers an attractive pricing and fee schedule, especially for its premium account holders. For instance, the spread for the EUR/USD pair starts at just 1.4 pips for VIP account holders. These spreads are slightly higher for standard accounts, standing at 2.8 pips. Similarly, the spreads for commodities are also fairly reasonable. However, the broker does charge an inactivity fee for accounts left dormant for more than a month.
Another advantage for traders is the absence of any commissions for the trades executed on the platform. Additionally, there is no limit in terms of minimum withdrawals, making it easier for users to withdraw at any time. Overall, FXTB’s pricing and fee schedule are straightforward and uncomplicated compared to the other options in the market.
Kleanthis Tower, Lemesou Avenue 71, 2nd Floor, 2121, Aglantzia, Nicosia, Cyprus