EDITORIAL VERDICT
The IC verdict
ForexTB is a CySEC-regulated CFD broker with no deposit minimums and 270+ instruments, but limited payment options and a 3.5% card-withdrawal fee weigh against the tight spreads on its VIP tier.
RATING · 6 factors
The composite breakdown
FEES
What it actually costs
| Item | Cost |
|---|---|
| EUR/USD Basic spread | 3.2 pips |
| EUR/USD VIP spread | 1.8 pips |
| Card withdrawal | 3.5% |
| Wire withdrawal | $30 / EUR 30 / GBP 30 |
VERDICT · pros & cons
What's good, what isn't
Pros
- CySEC-regulated with EU investor protection up to 20,000 EUR
- No deposit fees and no minimum initial deposit
- Over 270 CFDs across forex, commodities, stocks and crypto
- Risk-management Guaranteed Stop Loss tool
- Multilingual customer service with dedicated account manager
- Demo account with virtual $100,000
Cons
- Limited payment methods (mainly bank wire and DotPay; no PayPal/Skrill/Neteller)
- Withdrawal fee of 3.5% on cards and $30 on wire transfers
- Lower retail leverage capped at 1:30 under EU rules
- Inactivity fee after one month of dormancy
REGULATION · licenses
Where ForexTB is regulated
Cyprus Securities and Exchange Commission
Cyprus
Active
FAQ
Common questions
Is ForexTB regulated?
Yes. ForexTB is registered with the Cyprus Securities and Exchange Commission (CySEC) and offers EU investor protection up to 20,000 EUR.
Does ForexTB charge withdrawal fees?
Yes. Credit/debit card withdrawals incur a 3.5% fee, and wire transfers cost $30, 30 EUR or 30 GBP depending on currency.
What is the minimum deposit at ForexTB?
ForexTB does not require a minimum initial deposit -- it is possible to start trading with as little as $1.
What platforms does ForexTB offer?
ForexTB supports MetaTrader 4, an in-house WebTrader for desktop, and xStation for web and mobile.