🔥 FXTB test 2021: broker experiences & rating

Anyone looking for an online broker on the Internet, through whom foreign exchange and / or CFDs can then be traded, will probably come across FXTB. It is important, however, that you clarify for yourself personally what is important to you before you make a comparison between the different brokers. In other words, what does the online broker have to be able to do in order to be satisfied with the offer?

FXTB website and logo

In addition, it must be clarified whether the provider is reputable. Because no matter how promising the trading instruments and / or the trading platforms are - there are indications that this is a dubious broker, you should definitely keep your hands off it.

One online broker that you should take a closer look at is - as already mentioned - FXTB. At first glance, it may be a reputable online broker that can be recommended, but what does it look like if you deal with the background of the provider and thus take a look behind the scenes?

FXTB Brief Overview - The Most Important Facts About FXTB

  • The online broker was founded in 2015
  • The registered office of the provider is in Cyprus
  • The broker is regulated by the CySEC (Cyprus Securities and Exchange Commission)

Registration with the broker FXTB: Our step by step guide

To use the services of the online broker FXTB, it is necessary to open an account. It should be noted that the registration only takes a few moments and even beginners who have never had anything to do with such a provider will have no problems registering. FXTB has taken great care to create an easy-to-understand and user-friendly interface.

1. Registration with FXTB 

The “Register” button is located on the upper screen. A new window will then open - a registration form will appear. Now the new customer has to enter his first and last name, his email address and the telephone number. Now you only have to agree to the terms of use (check the box) and you can click on “Start Trading”. The registration is now complete.

Important: You will receive an e-mail from FXTB at the e-mail address given during registration. Simply open the email and click on the link in it - the account will be activated.

If you cannot find an e-mail in your inbox, it is advisable to take a look at the junk folder. Sometimes the sender is perceived as spam.

 2. Verification

Now it's about the verification process. Every new trader has to prove to the broker that no incorrect data has been given. In this case, simply follow the instructions that appear on the screen. It is important that you have a photo ID nearby so that you can confirm your identity. 

With a consumer invoice, the date of which is no more than six months ago, proof of residence can also be proven. It is important that the name and address are clearly visible on the consumer bill (gas or electricity bill). Scan (or photograph) official photo ID (driver's license, identity card or passport) with the consumer bill and upload - done.

3. deposit

After the account has been opened and the verification process has been completed, money can subsequently be transferred to the account. FXTB offers, for example, bank transfers or the option of topping up the account with a credit card.

Depending on the selected payment method, the money is then available in the account either immediately or after two to three days.

4. Trading on the platform

Open FXTB broker account completed

You either work with MetaTrader 4 - MT4 - or opt for WebTrader. In both cases, trading can then be started. Simply select the preferred trading instrument and then take a sell or buy position. In addition, it still needs to be clarified which lever you want to work with.

The higher the leverage, the higher the profit - but the more dangerous the trading becomes, since high losses will occur if the trader sees it as “wrong market development”.

FXTB Exchange account login

What is the FXTB broker? The history of the broker

The online broker FXTB was founded in 2015. The online broker's branch is in Cyprus. It should be noted that the brand is owned by Forex TB Limited. Regulation is carried out by the Cyprus Securities and Exchange Commission (CySEC for short) - a renowned supervisory authority that regulates a large number of different online brokers.

Our FXTB experiences: The FXTB conditions put to the test

In order to find out whether you like the offer or not, you should of course take a look at the trading instruments available.

Trading at FXTB: The offer of the individual trading instruments in the test

Traders who choose the online broker FXTB can speculate with more than 300 financial assets. This includes over 50 currency pairs, commodities and precious metals, stocks, agricultural products as well as energies and stock indices. You can also speculate with cryptocurrencies here.

FXTB broker trading platform overview
  • Over 200 stocks
  • More than 50 currency pairs
  • 15 cryptocurrencies
  • 12 stock indices
  • 20 agricultural products such as metals

Trading stocks & ETFs

One can easily speculate with stock developments via FXTB. Of course, there are industry giants from a wide variety of areas - that is, you will probably find the right stock corporation for you. If you want it to be a bit less risky, you should take a look at equity indices.

Trading Forex

Speculating with currency pairs is becoming increasingly popular. Mainly because you can trade around the clock here - the forex market never sleeps. FXTB offers majors, but also minor currencies and exotic currencies.

Trading in raw materials

FXTB trading in commodities options at a glance

Raw materials and precious metals are also made available. That means, one can very well speculate with gold and / or with raw materials such as other precious metals.

Trading in cryptocurrencies

FXTB cryptocurrency trading options overview

You will immediately think of the cryptocurrency Bitcoin. It is important that you are aware from the beginning that it is very risky to speculate with cryptocurrencies. The volatility should by no means be underestimated.

The functions of the FXTB trading platform

FXTB trading platform briefly explained

Right at the beginning you will notice that it was very important to the team behind FXTB to incorporate the interests of the customers and their ideas into the trading platforms offered. That is also the reason why they ultimately decided on MetaTrader 4. Because MT 4, the abbreviation for the trading platform, may be one of the most popular platforms for speculating in stocks and the like.

MetaTrader 4 has been around since 2005. A trading platform that has been on the market for more than 15 years has to be pretty good - and MetaTrader 4 is too. Mainly because MetaTrader 4 can not only be recommended to beginners, but is also an ideal platform for all those who describe themselves as experienced or professionals.

But not every trader wants to use MT 4 - and that's why there is an alternative with Patron Web FX Browser. In addition, with FXTB Mobile Trader, FXTB provides a mobile version for traders who would like to take part in trading with their mobile device, i.e. smartphones and / or tablets.

FXTB account types

The online broker would of course like to provide individual offers for its customers. That is also the reason why there are four account types.

FXTB offers the following accounts:

  • Basic account
  • Gold account
  • Platinum account
  • VIP account

The basic account

The basic account can be recommended especially for newcomers and beginners. The minimum deposit is 250 euros. This is a sum customary in the industry, with which one clearly indicates that one would very much like to address beginners. The trader is supplied with daily messages and can look forward to 2 TC SMS alarms per day. However, there are no webinars. In addition, only one free withdrawal is included.

The gold account

Here the minimum deposit is already 25.000 euros. Two basic lessons and webinars are offered. It should be noted that there is a limit here - there is only one webinar per month. There are also daily messages and 2 TC SMS alarms via the gold account. A free withdrawal is also included.

The platinum account

With this account model, a minimum deposit of 100.000 euros must be made. The traders get three advanced lessons. There are also two webinars a month. Daily messages are transmitted - 4 TC SMS alarms are also sent per day. It also includes three free withdrawals per month.

The VIP account

In order to open the VIP account, you have to make a minimum deposit of 250.000 euros. Five advanced lessons are offered; there are also five webinars per month. FXTB sends 7 TC SMS alarms per day. There is no withdrawal fee with this account model.

The following table should clarify the services:

Basic Color: Gold platinum VIP
minimum deposit 250 Euros 25.000 Euros 100.000 Euros 250.000 Euros
Withdrawal / month 1x free 1x free 3x free Unlimited free
SMS alarms Twice a day Twice a day Twice a day Twice a day
Lessons A lesson for beginners 2 lessons for beginners 3 lessons for advanced learners 5 lessons for advanced learners
Webinars none 1x month 2x month 5x month


The following table is intended to show the differences in the spreads:

Basic Color: Gold platinum VIP
EUR / USD 2,5 pips 2 pips 1,6 pips 1,1 pips
USD / JPY 2,8 pips 2,5 pips 1,9 pips 1,4 pips
GBP / USD 2,8 pips 2,5 pips 1,9 pips 1,4 pips
Olive oil $ 0,13 $ 0,12 $ 0,11 $ 0,09


If you want to try out the various services and functions of the online broker completely risk-free at the beginning, you can deal with the demo account. FXTB provides a demo account with 100.000 euros so that you can then try out your own strategies for your success.

FXTB trading demo account with various options

The FXTB app

All those who want to open and close positions while on the move can download the MetaTrader 4 app onto their smartphone and / or tablet. There is also its own FXTB app. This is available for iOS and Android. So you can participate in trading from anywhere and open and close positions at any time.

The deposit methods at FXTB

FXTB makes various deposit methods available to traders. As already mentioned, however, there are different minimum deposit amounts depending on the account you choose. For the basic account, the minimum deposit is 250 euros.

Be accepted

  • Credit cards (MasterCard and VISA)
  • Bank Transfer
  • Electronic payments (so-called e-wallets)

Depending on the selected account, there is a certain number of included free payouts. If the number of free free withdrawals has been used up, a fee of 3,5 percent of the amount to be paid out will be charged for a withdrawal to the credit card. With a bank transfer it is 30 euros.

Security at FXTB

Of course, the issue of security is important. Anyone who invests their savings naturally wants the online broker to avoid any danger. Ultimately, the market risk is enough. But how do you know that you are dealing with a reputable provider?

Regulation of FXTB

The online broker FXTB is operated by Forex TB Limited. It is an investment company based in Cyprus. Regulation is carried out by the Cyprus Securities and Exchange Commission - that is the CySEC. It should be noted that FXTB is allowed to offer the services throughout the European Economic Area and Switzerland - but not in Belgium.

Due to the regulation by the CySEC, which is by far one of the strictest supervisory authorities, one can assume that this is a reputable online broker.

Deposit insurance from FXTB

The broker must keep its business assets separate from client money. In the event of bankruptcy, the customers' money remains theirs. The amount of the deposit protection also amounts to 20.000 euros / trader.

FXTB customer service

Traders can contact employees via live chat. Particularly beneficial when you need an immediate solution to your problem.

To be positively emphasized: German-speaking employees also work at FXTB, so that your problems can be described here in German - if you deal with the online brokers on the market and their customer services, this is anything but a matter of course.

Of course you can also contact us by email or phone.

FXTB Conditions: Fees & Costs

In the end, it's also about the cost. That means, no matter how many trading instruments are available or how many regulatory authorities make sure that no fraudulent activities are pursued here - if the costs are too high, this can of course be a serious disadvantage. Because high fees gnaw at the profits.

spreads

As already mentioned, there are spreads with FXTB. This is the spread between the buying and selling price. There are different spreads depending on the account model. Traders who have opted for the basic account must consider spreads of 2,8 pips for the EUR / USD currency pair - 2,5 pips for the gold account, 1,9 pips for the platinum account and 1,4 for the VIP account, XNUMX pips.

fees

The inactivity fee is 80 euros - and unfortunately you will be billed after one month of inactivity. Inactivity means that the trader has either made no deposit and / or made no withdrawal and / or has not set any trading activity.

FXTB also charges withdrawal fees. The amount of the payout fee depends on the selected payout method - when transferring to the credit card, the fee is 3,5 percent of the amount to be paid out, when transferring to the bank account it is 30 euros. Depending on the selected account model, there are one or more free withdrawals. Users of the VIP account do not have to pay a withdrawal fee.

FXTB also charges so-called overnight fees. If a position is held overnight, additional costs arise.

Experiences and user opinions about FXTB on the Internet

It is important to also take a look at the test and experience reports that can be found on the Internet. This is the only way to get an overview in advance as to whether it is a recommendable broker or not. It is important that in this case you always take a look at the platform on which the reports can be found. If the platform is in connection with the broker, you will find almost only positive reports - ultimately you don't want to harm yourself.

FXTB reviews and customer experiences


FXTB broker user reviews

In the end, it should be noted whether the majority of the reports are negative or positive in nature. A few negative comments such as critical points are not an actual indication that the online broker is not very recommendable or not recommended at all.

Is FXTB Scam or Reputable? Our FXTB rating

FXTB is a reputable online broker. Regulated by the CySEC, the broker scores above all with the fact that it offers a free demo account. Furthermore, FXTB convinces with a very competent customer support.

Cons of FXTB: What Did We Dislike?

The inactivity fee, which is charged after one month and amounts to 80 euros, is an enormous disadvantage - in addition, the fees are relatively high compared to other online brokers.

Advantages of FXTB: What did we like

The online broker is regulated. The MT 4 trading platform is offered. Customer service is available via e-mail, telephone and live chat - and there are also German-speaking employees. FXTB scores with four different account models, a free demo area and a minimum deposit of 250 euros, as is customary in the industry (only with the basic account).

FXTB Review: Frequently Asked Questions about the Broker

What is FXTB?

FXTB is an online broker based in Cyprus. Behind it is the Cypriot investment firm Forex TB Limited. Ideal for traders who would like to trade stocks, commodities or cryptocurrencies.

Is FXTB a Recommended Broker?

If FXTB meets the personal requirements, it may be a recommended online broker.

Will I be able to trade successfully with FXTB?

Yes. FXTB also provides several trading platforms for this purpose in order to be able to respond to the individual wishes of traders.

How is the test and the experience of Bitcoin-news.one about FXTB?

Apart from the sometimes really high fees, FXTB is a recommendable online broker.

Frequently asked Questions: 

FXTB is an online broker based in Cyprus. Behind it is the Cypriot investment firm Forex TB Limited. Ideal for traders who would like to trade stocks, commodities or cryptocurrencies.

If FXTB meets the personal requirements, it may be a recommended online broker.

Yes. FXTB also provides several trading platforms for this purpose in order to be able to respond to the individual wishes of traders.

Apart from the sometimes really high fees, FXTB is a recommendable online broker.

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Thomas Cormik

Thomas Cormik started out with the sole focus on educating his readers about Bitcoin and its potential impact on traditional financial systems. Thomas prides itself on bringing quality content to the masses under the Bitcoin-News.one banner.

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