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Investment Advisory License


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Investment Advisory License

Exchange Info

Company Name
Phone of the company
+357 2 222 2353
Customer Service Email Address



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FXTB is excellent! Friendly interface, easy to use. Quick customer support, very satisfied with the withdrawal and deposit speed.
2024-04-19 08:37
FXTB met our needs very well! How to deposit and withdraw faster than you think! security And data protection is the best!
2023-11-23 19:47
Don't let u withdraw funds
2021-06-12 19:46
Registered Country/Area Cyprus
Founded year 2012
Regulatory Authority CYSEC
Trading Platforms Available MetaTrader4, WebTrader
Leverage 1:30
Payment Methods Credit/Debit Card, E-wallets, Wire transfer
Customer Support 24/5: Phone: +357 2 222 23535; Email:

Overview of FXTB


FXTB, more commonly known as ForexTB, is a Cyprus-based straight-through processing broker established in 2012. Owned by Forex TB Limited, the brokerage is regulated by the Cyprus Securities and Exchange Commission (CYSEC). Catering to a broad clientele, FXTB extends its services to clients from 29 countries worldwide. The broker stands out by offering competitive spreads paired with commission-free trading, particularly appealing to CFD traders.

Trading Platforms

FXTB provides its traders with multiple platform options including MetaTrader 4 (MT4) and WebTrader. These platforms are designed to cater to both novice and experienced traders, ensuring a user-friendly interface combined with advanced trading tools.

Account and Trading Features

Traders at FXTB have a choice between four distinct account types. The minimum deposit required to initiate trading is $250 or its equivalent. There's no minimum threshold set for withdrawing funds. To further enhance its trader-centric approach, the platform offers a variety of tools and supports. These include trading alerts, charts, and a dedicated customer service, ensuring traders are well-equipped to make informed decisions.

Advanced traders benefit from the broker's comprehensive suite of trading support features. Charting techniques, news updates, signals, and other analytical tools are readily available, aiding in the decision-making process.

Payment Methods

Depositing funds into FXTB accounts is versatile, allowing clients to use credit cards, debit cards, wire transfers, and e-wallet options like Skrill, Neteller, Sofort, IDEAL, and Trustly.


FXTB prioritizes the security of its client funds. All deposits are stored in segregated accounts and are fully insured, offering traders an additional layer of deposit safety. The broker's membership in the Investor Compensation Fund (ICF) provides further assurance and protection to its clients.

Educational and Informative Resources

FXTB's commitment to trader education and support is evident in its extensive range of resources. Traders have access to educational materials such as webinars, videos, and guides. Furthermore, up-to-date market information, the economic calendar, and Trading Central updates are provided, depending on the account type, ensuring traders stay informed.

Customer Support

Offering a 24/5 customer support system, FXTB ensures its traders receive timely assistance. Clients can reach out via phone at +357 2 222 2353 or through email at

Overview of FXTB

Pros and Cons

Pros Cons
24/5 customer support Confusing interface
Wide range of payment methods provided


  • 24/5 Customer Support: FXTB offers almost round-the-clock customer support, ensuring that traders can receive assistance whenever the markets are open.

  • Wide Range of Payment Methods: This provides flexibility and convenience for traders, allowing them to choose a payment method that best suits their needs.

  • Regulated: Being regulated ensures that the broker adheres to strict guidelines and standards, offering traders an additional layer of security and trustworthiness.


  • Confusing Interface: A less user-friendly interface can be a barrier, especially for new traders, as it may hinder efficient navigation and trading.

Regulatory Authority

  • Regulatory Authority: Cyprus Securities and Exchange Commission (CySEC).

  • License Type: Exclusive; Investment Advisory License.

  • Regulation Status: Regulated.

  • License Number: 272/15.

  • Licensed Institution: Forex TB Ltd.

  • Effective Regulation Date: April 7, 2015.

  • Institution's Contact Information:

    • Email:

    • Address: Lemesou Avenue 71, 2nd Floor 2121 Aglantzia, Nicosia, Cyprus.

    • Phone: +357 22 266 707

Regulation Background:

CySEC was formed under the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001. It operates as an independent public authority overseeing the investment services market in Cyprus, including transactions in transferable securities and the collective investment and asset management sector.

Regulatory Authority


  • Regulated by a Reputable Authority: FXTB operates under the stringent oversight of CySEC, a well-respected regulatory body in the financial industry.

  • Segregated Bank Accounts: FXTB provides its clients with segregated bank accounts, ensuring that client funds are kept separate from the broker's own funds. This ensures that client money is not used for broker operations and is protected in case of any financial difficulties faced by the broker.

  • Compensation Scheme: As a regulated entity under CySEC, FXTB is a part of a compensation scheme. This acts as a safety net for clients, ensuring they are compensated in the event the broker becomes insolvent.

  • Transparent Operations: Being under the scrutiny of a regulatory body like CySEC ensures transparency in operations and adherence to prescribed financial standards.

How to Open an Account?

The detailed registration process of FXTB can be described as follows:

  • Visit the FXTB website and click on the “Sign Up” button to begin the registration process.

Sign Up
  • Provide your personal information, including your full name, email address, and phone number, in the required fields.

Fill in Your Personal Information
  • Create a secure password for your FXTB account, ensuring it meets the platform's password requirements.

  • Agree to the terms and conditions of FXTB by reviewing and accepting the user agreement.

  • Complete the verification process by providing the necessary documentation to confirm your identity and address.

  • Once your account has been successfully verified, you will receive a confirmation email, and you can start using FXTB for cryptocurrency trading.

Payment Methods

  • Credit/Debit Card: A popular and convenient method, FXTB allows users to fund their accounts or withdraw using their credit or debit cards. This method often offers fast processing times for deposits.

  • E-wallets: E-wallets offer a secure and efficient way to transfer funds. FXTB supports various e-wallet options, which might include platforms like PayPal, Skrill, Neteller, among others.

  • Wire Transfer: For those who prefer traditional banking methods, FXTB provides the option of wire transfers. While this method might be more secure, it often has a longer processing time compared to the other methods.


◦ Retail clients can access leverage rates of 1:30 due to ESMA regulations.

◦ Professional traders can access higher leverage up to 1:400.

◦ Leverage lets traders control larger positions than their initial deposit, increasing both potential profits and risks.

◦ Leverage is expressed as a ratio, and it's imperative for traders to have adequate funds to cover margin requirements, which serve as collateral.


◦ FXTB does not offer any broker bonus schemes such as welcome bonuses or trading bonuses.

◦ The absence of bonus schemes is partly due to the broker's growth strategy and mainly because of their regulation by CySEC.

◦ Even though deposit bonuses can attract new traders, it's essential to understand their conditions, as they often require high trading volumes before withdrawals.

◦ ESMA measures prohibit brokers from offering monetary benefits to retail clients in relation to the sale of CFDs, further ruling out such bonuses for FXTB.


Account Types
  • BASIC Account:

    • Minimum deposit requirement: €250.

    • Spreads start at 3.0 pips for EUR/USD, 3.4 pips for GBP/USD, 3.3 pips for USD/JPY, and $0.12 for CRUDE OIL.

  • GOLD Account:

    • Minimum deposit requirement: €25,000.

    • Spreads are slightly tighter, beginning at 2.7 pips for EUR/USD, 3.1 pips for GBP/USD, 3.0 pips for USD/JPY, and $0.11 for CRUDE OIL.

  • PLATINUM Account:

    • Minimum deposit: €100,000.

    • The spreads are more favorable, with rates starting at 2.1 pips for EUR/USD, 2.5 pips for GBP/USD, 2.4 pips for USD/JPY, and $0.10 for CRUDE OIL.

  • VIP Account:

    • This is the premium offering with a minimum deposit requirement of €250,000.

    • It boasts the most competitive spreads: starting at 1.6 pips for EUR/USD, 2.0 pips for GBP/USD, 1.9 pips for USD/JPY, and $0.08 for CRUDE OIL.

  • Each account type offers progressively tighter spreads, reflecting the larger deposit requirements and catering to different types of traders based on their financial capacity and trading preferences.

Educational Resources

  • Trading eBooks: FXTB offers digital books that cater to both beginners and more advanced traders. These eBooks delve into various trading topics, strategies, and essential concepts, allowing users to enhance their trading knowledge at their own pace.

  • CFD Trading Tips: Given the complexity of CFD trading, FXTB provides specific tips and best practices. This resource can help traders understand the nuances of CFD trading and employ effective strategies.

  • Glossary: For those new to trading or those looking to brush up on specific terms, FXTB's glossary offers definitions and explanations for trading-related terminologies.

  • Technical Analysis: FXTB offers resources on technical analysis, teaching traders how to analyze historical price data and indicators to predict future price movements.

  • Fundamental Analysis: This focuses on evaluating assets based on external factors and events, such as economic indicators, industry trends, or geopolitical events. FXTB provides insights into how these factors can influence market movements.

  • Leverage and Margin: Understanding leverage and margin is crucial for managing risk in trading. FXTB offers educational material to help traders comprehend how to utilize leverage wisely and understand the implications of margin trading.

  • NFP (Non-Farm Payrolls): Given the significance of NFP data in the forex market, FXTB offers insights into understanding and interpreting this crucial economic indicator and its potential impact on the market.

  • Economic Calendar: FXTB provides an economic calendar that highlights major global economic events. This tool is crucial for traders who use fundamental analysis, as it helps them anticipate market movements based on economic announcements.

  • Webinars: These are live online sessions where trading experts delve into a range of topics, from basic concepts to advanced strategies. Webinars also allow for real-time Q&A, providing an interactive way for traders to enhance their knowledge.


Is FXTB a Good Exchange for You?

Groups that may find FXTB suitable:

  • Novice Traders: Given the strong educational resources provided by FXTB, beginners can benefit from comprehensive learning materials to start their trading journey.

  • Experienced Traders: The advanced trading tools and support offered can be advantageous for seasoned traders.

  • Those Prioritizing Security: Traders who value the safety of their funds will appreciate FXTB's regulated status, segregated accounts, and membership in the Investor Compensation Fund.

  • Flexible Payers: Individuals who want multiple payment options will benefit from the variety of payment methods offered by FXTB.

  • Traders Who Value Support: For those who anticipate needing consistent customer support, the 24/5 assistance can be a significant advantage.


  • What is the minimum deposit requirement for opening an account with FXTB?

    The minimum deposit requirement varies based on the account type, starting from €250 for a Basic account.

  • Does FXTB offer any bonuses or promotional offers?

    FXTB does not offer any type of broker bonus scheme due to regulations by the Cyprus Securities and Exchange Commission (CySEC).

  • How are client funds protected with FXTB?

    FXTB ensures client fund protection through segregated bank accounts and participation in a compensation scheme in case of insolvency, as regulated by CySEC.

  • What leverage does FXTB offer for retail and professional clients?

    Retail clients are offered a leverage of 1:30, while professional clients can avail leverage rates up to 1:400.

  • Are there any fees on withdrawals?

    This depends on the account type. While VIP account holders enjoy no withdrawal fees, other account types come with varying free withdrawal limits.

  • Is FXTB regulated?

    Yes, FXTB is regulated by the Cyprus Securities & Exchange Commission (CySEC).

User Review

  • User A: “I've been trading with FXTB for a little over a year, and I've had a generally positive experience. The spreads are competitive, especially for VIP account holders. One area they could improve on is their platform's user interface, which I found a bit confusing initially. However, their customer support has been very responsive and helpful whenever I've had questions.”

  • User B: “I chose FXTB primarily because they're regulated by CySEC, which gave me peace of mind. Their payment methods are diverse, making it easy to deposit and withdraw funds. I do wish they offered some promotional bonuses, but I understand the regulatory reasons behind their decision not to. Overall, a reliable broker for both newcomers and seasoned traders.”

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.