Forex TB Ltd

Forex TB Limited, trading as ForexTB, is a Cyprus-based retail forex and CFD broker established as a Cyprus Investment Firm (CIF) under the supervision of the Cyprus Securities and Exchange Commission (CySEC). The company holds licence number 272/15, granted in April 2015. Its registered office is in Nicosia, Cyprus, and it operates under the regulatory framework of the European MiFID II directive.

ForexTB primarily serves retail and professional clients within the European Economic Area (EEA) and Switzerland, excluding Belgium and the United Kingdom. The broker is not licensed to accept clients from the US or other restricted jurisdictions. Aggregated industry data suggests the broker was founded around 2012, but official company records do not confirm this; the CySEC licence date of 2015 is the earliest verifiable operational milestone.

ForexTB is regulated by CySEC, a well-established EU regulator that requires strict compliance with capital adequacy, client fund segregation, and reporting standards. As a CySEC-regulated firm, ForexTB must participate in the Investor Compensation Fund (ICF), which covers eligible clients up to €20,000 per claim. The broker also offers negative balance protection to retail clients, as mandated under ESMA rules.

Despite its regulated status, FXCanary’s risk assessment notes a 'Guarded' score of 34/100, primarily due to a lack of verifiable social-media presence and limited independent user reviews. The broker’s official website is operational and transparent about its licensing, but the absence of community feedback makes it difficult to assess real-world execution quality and customer service reliability.

ForexTB provides two primary trading platforms: the industry-standard MetaTrader 4 (MT4) and a proprietary web-based WebTrader. MT4 is available for Windows, Mac, and mobile devices (iOS and Android), featuring advanced charting, custom indicators, and Expert Advisors (EAs) for automated trading. The WebTrader platform is designed for browser-based trading without installation.

Both platforms support one-click trading and offer a range of order types. The broker does not offer the newer MetaTrader 5 or cTrader platforms. For technical analysis, clients can access integrated market news, economic calendars, and trading signals, though these are provided through third-party feeds rather than proprietary research.

ForexTB offers four account tiers: Basic, Silver, Gold, and VIP. The minimum deposit is set at €250 for Basic accounts, rising to €50,000 for VIP accounts. Leverage varies: retail clients receive up to 1:30 for major forex pairs, while professional clients can request leverage up to 1:400. Spreads are variable and depend on account type; Gold and VIP accounts typically offer tighter spreads, starting from 0.0 pips, plus a commission per lot.

The broker also provides a demo account for practice, which is valid for 30 days. Swap-free (Islamic) accounts are available upon request. Pricing is disclosed as transparent, but exact figures for spreads and commissions are not prominently listed; traders must log in or open an account to view live rates.

ForexTB offers more than 300 CFD instruments across multiple asset classes. These include over 50 forex pairs (majors, minors, and exotics), major indices (e.g., US30, DAX, FTSE), commodities (gold, silver, oil, natural gas), a selection of single stocks (primarily from US and European exchanges), and cryptocurrencies (Bitcoin, Ethereum, etc.) offered as CFDs. The broker also includes ETFs and bonds in its product range.

All instruments are traded on a contract-for-difference basis, meaning clients speculate on price movements without owning the underlying asset. The broker operates as a market maker (dealing desk model) for some instruments and uses straight-through processing (STP) for others, though it does not publicly specify the execution model for individual asset classes.

ForexTB is best suited for European retail traders who require a CySEC-regulated broker with a straightforward account structure and access to the popular MT4 platform. The tiered account system accommodates traders with different capital levels, from beginners with €250 to high-net-worth individuals seeking tighter spreads and dedicated support. Professional traders may benefit from the higher leverage options (up to 1:400) after meeting eligibility criteria.

The broker is not suitable for traders outside the EEA, those seeking ultra-low spreads without commission, or clients who prefer trading platforms like MT5 or cTrader. Additionally, traders who rely on extensive independent reviews or a vibrant social-media community may find the broker's low online footprint a concern.