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ForexTB

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RU
4 reviews
3 helpful votes
Follow Yaroslav L.
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Many advantages
December 29, 2020

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.

Date of experience: December 28, 2020
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over a year old

Hi Yaroslav, Just dropping a message to thank you for your nice and explanatory review. We appreciate it.

Maldives
6 reviews
1 helpful vote
Follow Ankur P.
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New approach
November 4, 2020

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.

Date of experience: November 4, 2020
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over a year old

Dear Ankur,
Thank you for your positive feedback and for choosing us as your trusted broker!

Malaysia
1 review
0 helpful votes
Follow Satwant S.
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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.

Date of experience: March 4, 2021
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over a year old

Dear Satwant,
Thank you for your honest feedback and for choosing us as your trusted broker!

Azerbaijan
6 reviews
0 helpful votes
Follow Asim K.
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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.

Date of experience: November 18, 2020
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over a year old

Dear Asim,
Thank you for your honest feedback and for taking the time to submit your review!

Overview

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.

service
35
value
13
shipping
7
returns
7
quality
33
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