Reading a lot of ForexTB reviews, I've highlighted the main points that make traders choose this broker:
1. CySEC regulation. Of course, there are many regulated brokers, but that doesn't mean that we shouldn't consider regulation as an advantage at all. Of course it's still here, at least you definitely shouldn't consider unregulated brokers. Never.
2. a large choice of stocks. It's true, I was surprised that the company is constantly working to expand the list of available stocks. Of course most traders only trade Forex, but if you're like me interested in trading stocks then I think this broker has a lot to offer.
3. there is an MT4. That is also true, but the broker doesn't offer Metatrader 5, which can be seen as a disadvantage. I certainly don't think so, but still I know many traders who trade with MT5. MT4 is enough for me, as for me it's the best trading platform with wide range of instruments, including EAs.
And in general people write very true ForexTB reviews, as you can see I agree with 3 main points.
Sometimes one must change the background completely to get open for transformation. When I was in highschool I've seen how this method worked when I completely changed my image after transferring to another school. I hoped this would work with broker to.
I didn't treat trading seriously long enough and these gambling paterns of behaviour stuck to me. That wasn't good for my equity curve for sure. ForexTb was my second chance. I changed the approach to a systematic one and changed the broker and trading platform as well. I'm not sure what helped exactly (I hope that's my new approach to trading and the trading system that I apply now), but the broker itself deserves some words of gratitude from me too. They are professional, don't interfere in your trading, don't push for applying more risks, don't manipulate prices from what I see so far. I know that's more of what they don't do, but this is life - when you choose a brokerage, you must pay attention not only to what they offer, but also to what they WILL NOT do. Exeprienced traders will know what I mean.
Dear Ankur,
Thank you for your positive feedback and for choosing us as your trusted broker!
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.
Dear Satwant,
Thank you for your honest feedback and for choosing us as your trusted broker!
The essense of choosing a broker is to find the one that you can truly forget about. I know there is always a temptation to start blaming someone for financial losses on forex (yeah, we all've lost some money here. Haven't we?) but don't give yourself a single chance to find the one to blame and forget about the share of your own responsibility.
The broker must be regulated. WE can put a check mark here as forexTB is a CySEC regulated one. Your funds are safe.
Executions must be GOOD! That's the impornat one. At this point many trader fail as they don't have a chance to find out what their results would have looked like if all the orders were executed fine. No sllippages, no requotes. I can't say that here he executions are 100% accurate. When I backtes my new systems, I include a $5 "extra" expenses per lot to compensate for possible slippages. That covers the normal inaccuracy caused by real life executions according to my experience.
Withdrawals. I wouldn't like to have any surprises here. I don't with ForexTB and that sounds good enough for me.
Dear Asim,
Thank you for your honest feedback and for taking the time to submit your review!
Answer: Dear Tomazh Forex TB Limited is a Cypriot investment firm authorized and regulated by the Cyprus Securities and Exchange Commission under CIF license number 272/15.
Answer: They offer lower spreads and other privileges. For example, with a Gold account you can count on one free withdrawal a month, while Platinum users can make three free withdrawals for this period.
Answer: Dear Izaiah C. Please visit our website on https://www.forextb.com/eu/ where you can find several educational tools concerning your trading experience.
Answer: Dear Enzo, Here's IOS and Android app available, and also you can use the web version of our platform on your phone
Answer: Dear Aiden, Thank you for taking the time to write feedback about ForexTB. You can read about the compensation funds on our website( https://www.forextb.com/eu/terms-and-conditions/investor-compensation-fund/). If you have any questions regarding our services, please contact us at support-forextb@forextb.com and one of our agents will contact you.
Answer: In order to install custom indicators go to File-Open Data Folder-MLQ4-Indicators. Copy downloaded indicators with EX4 extension to the Indicators folder. Close the folder and restart the platform. Now you can use your custom indicators. To create indicators on your own, you should use a MLQ4 kit installed alongside MT4. You can find its icon on your desktop.
Answer: To change the color of the platform, you need to click the button in the lower right corner of the trading platform next to the sun and moon icons.
Answer: Hello! We are ForexTB, a Cyprus investment firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF license number 272/15. For any further information about the company or any other issues, do not hesitate to send us an email on support-forextb@forextb.com. Thank you.
ForexTB has a rating of 2.5 stars from 124 reviews, indicating that most customers are generally dissatisfied with their purchases. ForexTB ranks 22nd among Currency Trading sites.
Hi Yaroslav, Just dropping a message to thank you for your nice and explanatory review. We appreciate it.