FOREXTV

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Advantages:

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Disadvantages:

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About company:

Forex TB offers Forex and CFD trading on the reliable MetaTrader4 platform with favorable trading conditions.

Company. Fund security

Forex TB (PatronFX) investment portfolio includes more than 50 currency pairs, indices, commodities, CFDs, as well as several ETFs.

Behind the brand is Forex TB Ltd., a Cyprus Investment Firm (CIF) licensed by the Securities and Exchange Commission (CySEC). The broker has a representative office in Poland, where it belongs to the XTB group (X-Trade Brokers). XTB has a UK subsidiary and is regulated by the FCA.

Forex TB is also licensed by the regulator of Germany (BaFin), Portugal (CMVM), Banque de France and the Czech National Bank.

Moreover, X Trade Brokers Dom Maklerski SA is listed on the Warsaw Stock Exchange (WSE: XTB). This ensures even greater transparency of all financial procedures performed by the broker.

The CySEC regulator obliges all controlled companies to keep at least 730,000 euros in their accounts in order to prove financial stability. Client funds must be in accounts that are separate from the company's accounts.

In addition, CySEC applies a compensation scheme as an additional guarantee for clients' funds. In case of the broker's insolvency, investors will be able to return up to 20,000 euros.

Forex TB is authorized to operate throughout the EU in accordance with the MiFID Directive.

Trading conditions

Forex TB offers its clients a single interest free account with variable spreads and the ability to trade micro lots.

Minimum initial deposit

Forex TB has not set a minimum deposit amount, so you can open an account for as little as $ 1.

Spreads and commissions

Traders do not pay additional commissions for trading, but only bear the costs of spreads. In Forex TB, spreads are variable and average 1.1 pips for the EUR / USD pair. We believe that this is indeed a very competitive offer.

Leverage

The maximum leverage level offered by Forex TB is 1: 100.

You can find brokers that offer 1: 500 or even 1: 1000 leverage in our rankings.

Trading platforms

This broker supports the popular MetaTrader4, which is available in both desktop and mobile versions.

MetaTrader4 is a world-famous platform presented by the Meta Quotes software company in 2005. The tools that are available on the terminal allow traders to create complex trading strategies, trade with charts, manage charts, and monitor multiple assets at the same time. Traders get access to the markets 24/7.

Support service

Available by phone and using the feedback form. The main office is located in Nicosia.

Ways of payment

Forex TB only supports two payment methods - bank transfer and DotPay. Credit / Debit Cards, Skrill and Neteller are not available with this broker.

Pros:

regulated broker; demo account; MetaTrader4; favorable spreads.

Minuses:

low leverage; there are only two payment methods available.

FAQ - BROKER QUESTIONS FOREXTV

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Can the broker FOREXTV be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. FOREXTV received a rating of 1 out of 5 on our resource.