Important regulatory history: the FCA fined this same company (as Forex TB Limited) GBP276,100 for unfair customer treatment -- pressuring clients into CFD trading, including encouraging them to borrow from friends and family, and improperly reclassifying retail clients as "Professional Clients" via false information to strip them of retail protections. The firm was prohibited from UK business from April 2021 and lost all FCA permissions by October 2023. Separately, ForexTB (Forex TB Ltd) paid roughly EUR270,000 to settle a CySEC regulatory investigation and its 272/15 licence is now listed as under examination for voluntary renunciation.
| Regulated entity | Forex TB Ltd |
|---|---|
| Regulation | CySEC No. 272/15 |
| Other Tier-1 regulators | None confirmed |
| Founded | 2012 |
| Headquarters | Nicosia, Cyprus |
| Minimum deposit | EUR250 (Basic account) |
| Avg. spread (EUR/USD) | Not independently confirmed |
| Platforms | MT4 |
| Instruments | Forex pairs, indices, commodities, equities and cryptocurrency CFDs |
See ForexTB's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | Basic, Gold, Platinum and VIP, differing by minimum deposit (Basic EUR250 up to Gold EUR25,000) and spread (Basic around 3.0 pips on EUR/USD, Gold around 2.7), with added perks like webinars and Trading Central access on higher tiers. |
|---|---|
| Execution model | Not independently confirmed -- ForexTB markets itself as a CFD provider, but whether it operates a dealing-desk or STP model wasn't confirmed. |
| Withdrawals & deposits | Methods include cards, e-wallets and bank wire in USD/GBP/JPY/EUR/RUB. Free-withdrawal allowances scale by tier (Basic: 1 free; Gold: 1/month; Platinum: 3/month; VIP: unlimited). Fees cited (single-sourced, not cross-verified): cards 3.5%, bank wire £30, Neteller 3.5%, Skrill 2%, PayPal 4.5%. |
| Overnight financing (swap) | Not found with a disclosed rate methodology. |
| Currency conversion cost | Not found. |
| Inactivity fee | Reported at around £80 (or €80) per month after just 1 month without trading -- unusually high and only single/double-sourced; verify against ForexTB's own terms before relying on this figure. |
| Customer service | Email, phone and live chat, weekdays only. One reviewer noted multi-hour wait times and said support can't be relied upon for urgent trading queries. |
| Mobile experience | A mobile WebTrader app is offered; one aggregator cites around 4.0 on iOS and a much lower 2.7 on Android, not independently cross-checked against the live store listings. |
| Educational offering | Includes Trading Central technical and fundamental analysis tools; no independent detail was found on webinar substance. |
See how ForexTB's spread cost compares across every researched broker → · Forex broker fees explained
Is ForexTB regulated?
Yes -- CySEC No. 272/15. See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if ForexTB fails?
Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails.
What is the minimum deposit at ForexTB?
Our research confirms a minimum deposit of EUR250 (Basic account).
What trading platforms does ForexTB offer?
ForexTB offers MT4.
What is ForexTB's average spread on EUR/USD?
Not independently confirmed in our research -- verify directly with the broker.
When was ForexTB founded?
ForexTB was founded in 2012.
How is ForexTB's overall score calculated?
ForexTB currently scores 2.49/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
EU clients typically served under Central Bank of Ireland / MiFID passporting rather than a direct CySEC CIF licence -- worth confirming which entity applies to you.
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