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ForexTB has 123 customer reviews and ranks 30th in the Currency Trading category.
I've read quite a few forextb reviews when planning to strat trading with the broker. They helped me said they scalp with forexTB. Learn more of the pros and cons that I had to consider before transfering the money here. Now, after a few months of trading I think I'm ready to provide my own review and let these 5 stars be a sign of my gratitude for a good job done with managing all my orders and transactions.
First of all, I remember some people said they scalp with this broker. Well. Depends on what you call scalping. For some people using a five min timeframe is a scalping. For others scalping is when the trade lasts less than a minute. IMHO, ForexTb is ok for daytrading, but not for scalping in this narrow sense when you trade VERY frequently. The reason is spreads. They will make all the true scalpers effors useless. Just like with any forex and CFD broker I guess. Scalpers should feel better on futures market, where commissions are minimal.
In an y case, the broker is doing the job perfectly well. During our good time together I didn't have a single reason to complain about executions or delays with withdrawals, which I appreciate a lot.
Don't trust this platform. The only thing they want is to steal the money from you. They promise everything to you, help and advice during all the process. That is bullshi**. The only thing they did is to get mad at me when i told them that I just wanted to deposit a small amount of money (250 euros, the minimum) on my account. A girl named Anxhela was supposed to be my advice assistant. I just spoke that first time with her, when she knew I didn't want to deposit more money she disappeared. Didn't answer to mails or phone. Defenetily she didn't help me at all.
Once I saw forex tb was absolute bullsh**, I decided to get my money back... and after more than one month, i'm still waiting. When you deposit your money you don't have to send any documents and your money is in their olatform in less than 30 seconds. But the surprise comes when you want to retire your money. They ask for a bunch of documents to verify you credit card. I've been sending this documents and they keep saying to me that they are not correct that I have to send them again. And like this more than 1 month long.
Don't trust them. They are not serious, they just want your money and don't give a sh** about you!
Dear L G.,
We're sorry to see that you had a bad experience with ForexTB. Please contact our support team at [email protected] and share your experience in as much detail you can in order to identify the problem and resolve it. Thank you.
The main thing that I can say about this broker is that it's reliable and ensures fast execution. If you value this, you can certainly stick with this broker. Another advantage of this company is Webtrader. If you are fed up with Metatraders, you will appreciate its intuitive layout. However, I would like them to have the spreads little lower.
Dear Bernier,
Thank you for your feedback and for keeping us posted. If you need any assistance don't hesitate to send us an email to [email protected]
Well done, guys! You've returned my faith in honest companies on forex and CFD market. After I managed to catch several extremely nice moves on stock market, I expected difficulties with withdrawls. I didn't only manage to make more money than I deposited, but managed to multiply that deposit several times, which I was quite happy about. Fortunatelly enough, the broker didn't start putting spokes in my wheels. I know it's a normal thing to expect, but you know, the industry has got some kind of a bad reputation. No, all went well, I keep trading here and I'm still pleased.
Salvatore, We are very happy to read that you are satisfied with our services. Thank you for keeping us posted!
I registered a Webtrader account with this company because I put much value on execution. It's crucial for good scalping. It's so good that it turned out that it's true. I mean execution. It's really fast here.
I should add a couple of words about Webtrader. This platform is very user-friendly. The broker allows to try it without registration, so it took me a couple of minutes to realize that I like it much better than Metatraders.
Dear Rodrigo,
We appreciate you sharing your experience with us and hope that you continue enjoying trading with ForexTB.
It impressed me from the very beginning that the company pays attention to all the regualtory reguirements of CySEC and FCA. As far as I understand UK regulator restricts the use of crypto assets and cryptotrading to its retail traders/investors, therefore companies have to imply thee restrictions to Uk customers dispite the fact that cryptos have been a great hype recently. Perhaps this is not that importnat as trading fees and offered platforms, but i'm just trying to draw your attention to reliability and regulations of forexTb. Of course there are other advantages, but you need to have a look at the website to find out all the details. This is not a complete review.
Dear Joao,
We are glad that you are satisfied with our services and platform. Thank you for your review.
I guess the broker can be considered a decent choice especially if you are interested in stock trading, like I am. The commissions are not that low but the quality of service compensates for it IMO
Dear Green,
Thank you for your positive feedback!
I like the fact that here you can always find out what is happening in the market right now - charts, analytics, price movement potential of key assets and much more - this is what makes the work better and faster. I recommend to pay attention to it.
Dear Djem,
Thank you for your positive feedback! We are very happy that our tools are helpful and we are always trying to improve our platforms and add more tools.
I've been trading with this broker for three months and my impression is quite positive. It executes its duties well. I mean that it ensures a hassle-free trading process. So, when I want to enter the market I do it at the price I chose. Previously, with my ex-broker I often struggled to do that because it bothered me with constant slippage and requests. Here I don't face it. That's crucial for me and I don't expect anything else from the broker such as bonuses, cashbacks, etc. If a broker is reliable enough, I can do the rest on my own.
Dear Brad,
Thank you for your positive feedback and for choosing us as your trusted broker!
ForexTB is a broker for longer-term trading. Due to the fact that there is no large leverage here, it eliminates the possibility of getting fast money. Because it is these that most often turn out to be a failure for the trader.
But in ForexTB, the trader immediately realizes that he can earn in the company primarily through a long-term strategy and patient attitude to trading. I think this is the right approach.
Dear Worder,
Thank you for sharing your positive trading experience with us and for the 5 stars rating!
I still think that every trader should have a good understanding of what is going on and try to understand the market, its peculiarities and mechanisms by himself.
And I think, in this company, you definitely have a chance to do that, all you have to do is to use all the opportunities.
What attractive to me besides some technical parameters is the fact that here they are educating traders. Yes, this might be some basic information, but for a beginner this all in simple words is exactly what you need to start trading from the very first days in the market and in a safe way.
Dear Tirtayasa,
Thank you for your positive feedback. We`re very happy that you count our platform as newbie-friendly.
The technical parameters are, of course, important, but you can get acquainted with them on the company's website, besides, there are no bright features here, and the main terminal of the company and MT are something that you can figure out quickly enough. So I won't emphasize here. But what became really important for me was the practical help of the company's managers. They helped me with registration, I was prompted by some features of the platform and much more...
Dear Connor,
We are very happy to hear that our staff is next to you where it's needed. Thank you for keeping us posted!
I'm a very conservative trader, so I always stick with proven solutions. What offers this broker I find straightforward and trustworthy. It took me a day to analyze the broker. For this purpose, I looked through reviews online and surfed on their website. Of course, my trading experience helped me to correctly analyze the company without dispersing my attention on non-significant things.
Since I have a five-year trading experience, I skipped demo trading because it can't tell me anything. I chose Metatrader 4 and opened a Basic retail account. By the way, leverage 1:30 absolutely suits me because it greatly decreases my risks. During the test period I expected something unpleasant such as loss of connection, frequent requotes, not to mention slippage. Fortunately, I didn't face any of that.
I tested the broker for two months. After that I successfully withdrew $200 to my Neteller account.
Dear Giovanny,
We are glad that you are satisfied with our services and platform. Thank you for your review.
I want to mention a very convenient trading platform at ForexTB. It is designed specifically for the comfort of traders. By the way, you can try this platform even without registering with the broker. It is enough just to open the Trade Tab.
WebTrader from ForexTB is much easier to use than the same MT4. I also like that it does not need to be downloaded and installed on my device.
And my favorite part is the technical and fundamental analysis tools at the broker. Usually, the maximum you can find on the broker's site is the Economic Calendar. But ForexTB has an exceptional service to collect news on popular assets. It is based on artificial intelligence. And it is a very convenient solution.
Also, the client receives a newsletter with analytics from ForexTB. They are based on a combination of expert research and algorithms. Thanks to this, in my opinion, the results are more accurate. In any case, I successfully use these analytics in my trading.
Dear Bojing,
Thank you for your positive feedback! We are very happy that our tools are helpful and we are always trying to improve our platforms and add more tools.
Every trader, who spent at least a week on the market, will confirm that study of analytics is the basis of competent trading and this is what will help to understand cause-and-effect relations in the market.
And as a rule, to keep abreast of events you have to gather information in parts on different thematic websites, which takes some time and causes some inconveniences.
And ForexTB made sure that you could concentrate more on trading and find out everything that matters right now - reviews from leading analysts, daily market analysis, competent articles on fundamental analysis - all this is available here for free, and it is very popular...
Dear Roxir,
Thank you for your positive feedback and for the 5 stars rating!
There are several parameters that my trust is based on:
- CySEC regulation. It guarantees my funds are segregated and insured if I choose to keep trading with this broker.
- the quotes have shown to come from a reliable source. They don't dfiffer from the quotes that we can see in other open sources. No spikes, no major discrepancies with other quotes sources.
- excellent executions. No slippages, no delays.
- withdrawals are flawless. Bank wire withdrawal takes 2-3 days.
My personal experience with the broker shows that this is a reliable regulated company. I can also point out that managers here are really pleasant to deal with :)
Dear Emanoil,
Thank you for the 5 stars ratings!
Frankly speaking, I have some kind of controversial opinion about this brokerage. On the one hand, the list of assets, especially of stocks, is really impressive, so you 100% would find that assets, that would help to maximize your profit. But on the other hand, 1.3 spread for EURUSD in average is quite high, at least it's higher than average. Not critical, but you would overpay 5-10%, so you decide.
Dear Arnulf,
Thanks for your positive feedback. We are continuously working on adding more features to our app to make your experience better!
Don't think i can say sth special. I like the brokerage, but it's a typicall CySEC regulated one, nothing uncommon. Requotes are quite rare, but spreads aren't the tighest ones. I don't know parameters by which traders are choosing brokers, but i've chosen this one by chance and i'm satisfied with it.
Dear Bud,
Thank you for your positive feedback and for choosing us as your trusted broker!
Unlimitated demo is ultimative feature of this company and it can be very usefull for your trading. Yeah, I mean it can BOOST your trading, all you need is just to practice a lot. As demo is refreshable, you can always start from scratch and you can create more than one demo-account if you want to practice different strategies. So if you don't know how to start - start with the demo.
Dear Seenvik,
Thank you for your positive feedback and for the 5 stars rating!
Yeah, I really think so, even despite I've traded with 4 other brokers and have 5 years of experience in trading industry.
First of all, it all starts with legal info and regulations. Brokerage is regulated and, therefore, you can always be sure that your funds are safe. Moreover, in case sth went wrong - you're always free to contact CySEC in order to resolve the problem.
Secondly, the list of assets is also nice, so you can master your portfolio as you need. If you're in the beginning of trader's career, you may think that's insagnificant, but with the time you would understand the importance of diversification.
And the last point - brokerage support is always responsive, so you're very unlikely to stay with your issue alone.
Dear Trieu,
We are glad that you are satisfied with our services and platform. Thank you for your review.
Dear Satwant,
Thank you for your honest feedback and for choosing us as your trusted broker!