50 customer reviews of forextb.com
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ForexTB Rating
Based on 50 reviews from ForexTB customers, company has accumulated an average rating of 4 stars, indicating that majority of customers are satisfied with its service.
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ForexTB
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WebTrader from ForexTB is much easier to use than the same MT4. I also like that it does not need to be downloaded and installed on my device.
And my favorite part is the technical and fundamental analysis tools at the broker. Usually, the maximum you can find on the broker's site is the Economic Calendar. But ForexTB has an exceptional service to collect news on popular assets. It is based on artificial intelligence. And it is a very convenient solution.
Also, the client receives a newsletter with analytics from ForexTB. ForexTB are based on a combination of expert research and algorithms. Thanks to this, in my opinion, the results are more accurate. In any case, I successfully use these analytics in my trading.
First of all, it all starts with legal info and regulations. Brokerage is regulated and, therefore, you can always be sure that your funds are safe. Moreover, in case sth went wrong - you're always free to contact CySEC in order to resolve the problem.
Secondly, the list of assets is also nice, so you can master your portfolio as you need. If you're in the beginning of trader's career, you may think that's insagnificant, but with the time you would understand the importance of diversification.
And the last point - brokerage support is always responsive, so you're very unlikely to stay with your issue alone.
Once I saw forex tb was absolute bullsh**, I decided to get my money back... and after more than one month, i'm still waiting. When you deposit your money you don't have to send any documents and your money is in their olatform in less than 30 seconds. But the surprise comes when you want to retire your money. They ask for a bunch of documents to verify you credit card. I've been sending this documents and they keep saying to me that they are not correct that I have to send them again. And like this more than 1 month long.
Don't trust them. They are not serious, they just want your money and don't give a sh** about you!
And as a rule, to keep abreast of events you have to gather information in parts on different thematic websites, which takes some time and causes some inconveniences.
And ForexTB made sure that you could concentrate more on trading and find out everything that matters right now - reviews from leading analysts, daily market analysis, competent articles on fundamental analysis - all this is available here for free, and it is very popular...
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. ForexTB 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.
Well, I've been trading for over five years. I tried the conditions of different brokers and even private traders (these are people who trade with your balance and bring you a specific income).
I prefer to chat with various traders on the forums and discuss strategies and patterns, indicators and charts... I feel like in a knitting club, ahaha))) Really, it's fascinating. Without deviating from the topic, I learned about ForexTB from one of my pen pals.
The brokerage company seemed interesting to me since it was not super-known or exciting in terms of trading conditions. This is an ordinary broker with an MT4 trading terminal and Webtrader. Also, the leverage reaches 1:500. This is an average indicator like all brokers.
Of course, I chose brokers only with regulation from CySEK, which is why ForexTB was included in this list. However, I started trading because of the excellent feedback from the service:)
In fact, I liked how warmly the support responded to me during the verification and how quickly ForexTB coped with the verification of documents.
I have been trading with ForexTB for over two years, and I am delighted to trust this broker.
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.
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 ForexTB 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.
And I think, in this company, you definitely have a chance to do that, all you have to do is to use all the opportunities.
What attractive to me besides some technical parameters is the fact that here ForexTB are educating traders. Yes, this might be some basic information, but for a beginner this all in simple words is exactly what you need to start trading from the very first days in the market and in a safe way.
I should add a couple of words about Webtrader. This platform is very user-friendly. The broker allows to try it without registration, so it took me a couple of minutes to realize that I like it much better than Metatraders.
Yet, I've changed my approach completely last year. I read some books like "One Good Trade" and started developing a trend-following system that I currently both trade live but keep optimizing to get even better results.
During the last year I've withdrawn the money 3 times and each time I had absolutley no issues with my withdrawals, which I'm grateful for. I know its normal when the broker gives you your earned money fine, but you know, traders are often afraid of scam when ForexTB choose a broker, so that's the ony reason why I'm emphasizing the safety of withdrawls here.
I've never had a reason to be displeased with customer service as well. They are always online ready to help with any issues that might arise. Very nice environment for safe and fingers crossed profitable trading.
Execution is another good thing in this broker. Of course, I learned about this once I decided to open a real trading account under a good impression of Webtrader. So, I would like to continue trading with this broker.
Dang, I was mistaken to try another broker, that's for sure.
Spreads were way better. Twice as low probably. Yet, after I had a few slippages there that nearly drained my test deposit, I decided that was a good lesson.
Brokers probably dn't charge spreads for nothing. If that's the only mean to make money for them - hey will be rather painful for traders. On the other hand, you can be sure this is the ONLY mean for a brokerage to make money. Whicih if a comforting feeling, isn't it?
In any case, I just wanted to let you guys know that for mid to long-term trading the broker suits nicely. I'm not sure about scalpers, I guess ForexTB need to trade futures or something...