Review of FXTB

FXTB is an established, regulated CFD broker. The platform offers over 300 tradable assets across 6 asset classes.
By: Theodor Tonca
Theodor Tonca
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not… read more.
Updated: Jun 4, 2021
3.5/5 Star rating
15 min read
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Users of FXTB can trade using the popular Web Trader and MetaTrader 4 trading platforms for a full trading experience, and also access a range of educational content to hone their trading abilities. This review takes you through everything you need to know.

Pros & Cons

Pros:

Regulated by The Cyprus Securities and Exchange Commission (CySEC)
Allows for multi-device trading (web, desktop, tablet, or mobile)
Over 300 tradable CFD instruments

Cons:

What can I do with FXTB?

With FXTB you can trade a wide number of CFDs across 6 asset classes, including forex pairs, commodities, stocks, indices, and cryptocurrencies. Using either the Web Trader or MT4 platform, users can trade on any device.

FXTB was established in 2015, and is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). Despite being a relatively new service, the platform already has thousands of active traders on its platform.

FXTB markets, assets, and trading options

What assets and products can you trade on FXTB?

FXTB lets you trade over 300 CFDs, including major forex pairs like EUR/USD, stocks such as Amazon and Facebook, as well as major indices and commodities.

Here is a quick summary of the different assets you can trade.

ProductOffering
Forex60
Cryptocurrency10
Stocks50
IndicesVariable
Commodities4
ETFsVariable
View more products >

What leverage trading options are there?

FXTB offers leverage on forex trades starting at 1:30 for retail clients, all the way up to 1:400 for professional traders. This means that unless you sign up for a VIP account, you’ll be limited to lower leverage than you can typically find with other brokers. The leverage available for products beyond forex on FXTB is variable.

Please keep in mind that trading with leverage carries additional risk and should only be done once you have gained at least some trading experience.

Product (CFDs)Maximum leverageMargin
Forex1:400 (1:30 with standard account)0.02% (3.3% with standard account)
CryptocurrencyVariableVariable
CommoditiesVariableVariable
StocksVariableVariable
IndicesVariableVariable
ETFsVariableVariable
View leverage details >

What are the spreads?

FXTB offers floating spreads as low as 1.4 pips for major forex pairs with a VIP account. This is on par with other brokers in the industry, but on the higher end for basic account holders.

Below are the average spreads that regular users can expect on FXTB’s trading platform.

ProductAverage spreadFixed or variable?
Forex2.8 pipsVariable
Commodities$0.12Variable
StocksVariableVariable
IndicesVariableVariable
CryptocurrencyVariableVariable
ETFsVariableVariable
View spread details >

Fees, limits, and payment options on FXTB

What are the deposit and withdrawal fees, limits, and speeds?

FXTB lets you make debit/credit card deposits/withdrawals and wire transfers. All deposits are free, but withdrawal charges will vary depending on the type of account you have.

Payment methodDepositWithdraw
Debit/Credit card
– min/max
– fees
– speed
Yes
$250/None
Free
1 business day
Yes
None/None
3.5%
2-3 business days
Wire Transfer
– min/max
– fees
– speed
Yes
$250/None
Applicable bank charges
2-3 business days
Yes
$100/None
$30
4-5 business days
View more payment options >

How much are FXTB’s fees and commissions?

FXTB does not charge any fixed commissions but instead makes money on every transaction through variable spreads. This is common among online brokers, so be sure to pay attention to the spreads being applied whenever a service advertises itself as having ‘no fees.’ Here’s what you need to know about commissions and fees.

Fee typeFee amountCommission
ForexNone 2.8 pip spread
Commodities$0.12None
StocksVariableVariable
IndicesVariableVariable
CryptocurrencyVariableVariable
ETFsVariableVariable
View fee details >

FXTB trade sizes and limits

As a minimum trade size, FXTB allows you to trade the smallest possible CFD micro lot size: 0.01 lots. This is standard among CFD brokers, and is one of the principal advantages of trading using CFDs. The platform doesn’t have any stated maximum trading limits.

ProductMinimum tradeMaximum trade
Forex0.01 lotsNo limit
Cryptocurrency0.01 lotsNo limit
Stocks0.01 lotsNo limit
Commodities0.01 lotsNo limit
Indices0.01 lotsNo limit
ETFs0.01 lotsNo limit
View trading details >

FXTB trading platform

What devices can I use FXTB on?

You can use FXTB on any internet-enabled device. The platform offers the widely used Web Trader and MetaTrader 4 trading platforms, which are available in the web browser, on your desktop or as an app on your iOS or Android mobile device. This means you can access the platform through:

  • Web browser
  • Desktop computers
  • Laptops
  • Tablets
  • iOS Mobile Devices
  • Android Mobile Devices

Can I use FXTB in my country?

FXTB is available in over 50 countries worldwide, except those that restrict CFD trading such as the United States and Canada. Select your country from the list below to see if it is available where you are.

Is FXTB available in my language?

FXTB currently supports 7 languages: English, German, Spanish, Italian, Dutch, Swedish, and Polish.

How easy is it to use FXTB?

FXTB is simple and intuitive to use. The platform makes it easy to get started with a streamlined sign-up process for a live account or you can even opt for a free demo to familiarise yourself with their trading services.

The customised Web Trader and MetaTrader 4 trading platforms which FXTB provides have a familiar feel to them and are accessible via web browser, desktop or as an app on your mobile device. The customised mobile interface have a seamless design, including one-click trading to help you save time and execute your trade setups faster.

Key features

FXTB is a new and upcoming CFD broker with multiple features and qualities to take advantage of. Here are our three favourite aspects of the platform.

Asset Calculator

FXTB has a proprietary cost calculation tool that enables you to enter the details of your trade: account type, the asset you are trading, trade size, even trade duration and it will calculate your spread and swap cost (if placing an overnight trade).

Trading Central

The platform has an educational section meant to be referenced by traders on a daily basis. It contains a daily market analysis for any given day, top-down, actionable analyst views, and even a featured ideas sub-section providing both long and short investment ideas supported by backtested technical analysis.

Multi-Device Trading

Via the customised Web Trader and MetaTrader 4 trading platforms, users can access the platform anytime from anywhere. Including via the web, by downloading onto your desktop, or via your iOS or Android mobile device.

Security and regulation

Is FXTB safe?

FXTB has a range of measures in place to make sure its platform is secure. The platform protects your private information using the most up-to-date hi-tech techniques on the market, such as 128bit SSL encryption on all transactions.

Am I and my funds protected?

Any funds deposited with FXTB are protected under CySEC regulation. The platform is a registered member of the Cyprus Securities and Exchange Commission’s Investor Compensation Fund (ICF), which insures client’s deposits up to €20,000 or 90% of a covered investor’s claim, whichever is lower. 

Additionally, all client funds are stored in segregated accounts to give traders extra assurance of the safety of their funds.

Is FXTB regulated?

Yes, FXTB is a licensed and regulated broker by the Cyprus Securities and Exchange Commission (CySEC) under license number 272/15.

Do I have to verify my account with FXTB?

Yes, all clients need to indicate their real name when signing up and also ensure that their personal information matches that indicated on their identification documents for anti-money laundering purposes.

Extra information

Educational resources 

The broker offers a wide range of educational resources on its website, much more so than many other CFD brokers. These include CFD trading tips, both technical and fundamental analysis sub-sections, and its ‘Trading Central’ section. This is a section of the website dedicated to daily market analysis and economic insights, enabling you to stay up-to-date with what’s happening across markets while also getting actionable trade ideas.

Tools and charting

FXTB offers the popular Web Trader and MetaTrader 4 trading platforms, which means a range of tools and chart options are available, including over 2,000 free personal trade indicators, various Gann and Fibonacci analysis objects, and an unlimited number of charts with 9 different time frames from one minute to one month. 

Customer support

FXTB offers three simple support options: Phone (although without any business hours specified), email, and live chat directly in your web browser.

Our verdict

FXTB is a regulated CFD broker offering the widely used Web Trader and MetaTrader 4 platforms, and over 300 tradable instruments across 6 asset classes. Which is a well-sized offering for a CFD broker.

It provides several account options depending on the size of your initial deposit from a basic retail account with up to 1:30 leverage with a minimum deposit of $250, up to a VIP account with an initial deposit of $250,000 and tighter spreads along with up to 1:400 leverage. 

There is also an option to ply your trading strategy with a free demo account before moving to the live experience. If you are brand new to trading, this makes a considerable difference, as many traders that have gone on to experience success used demo accounts to get their start.

FXTB also does a good job of providing would-be and established traders with plenty of educational resources, whether its daily market analysis or other technical analysis tips. Overall, the broker leaves a bit to be desired when it comes to spreads and withdrawal fees for the basic retail account, as they are slightly higher than at other brokers – but otherwise the platform provides a solid, well-balanced offering.

How to open an account with FXTB

  1. Click on the ‘Sign Up’ on the homepage
  2. Fill in all the details and follow the steps required to complete the sign-up process
  3. You need to verify your email address and then your account by uploading your personal identification documents
  4. Once verified, make a minimum deposit of $250 and start trading
Who owns FXTB?
How does FXTB make money?
Do I have to pay tax on FXTB profits?
Does FXTB offer CFD trading?
How do I sell on FXTB?
How do I delete my FXTB account?
How can I short on FXTB?
What if I forget my account password?
Can I transfer from my FXTB account into my PayPal account?
What if FXTB closes down while I have open trades?
Can I access my full trading history on FXTB?
Can I pay in cryptocurrency with FXTB?
Does FXTB offer bonuses?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Theodor Tonca
Financial analyst
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not working, he can most commonly… read more.

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