If you have been searching for an online broker, you are already aware that it is not an easy decision to make. The platforms can lead to a great deal of confusion because of the sheer number of choices at your disposal and their similar services. So, how do you come to a decision? You need to do your due diligence in this regard and this is where checking out this FXTB review can be helpful. There is no better way to learn the ins and outs of a broker than going through its review. A Cyprus Investment Firm (CIP) by the name of Forex TB Limited introduced this brokerage in 2015.
If you check out the ForexTB (FXTB) website, you will find that the brokerage offers you a unique trading experience and promises to uphold the highest standards in every aspect of its services. But, does it deliver? You have to do your diligence and this is where the following review can be helpful:
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As mentioned earlier, a CIP founded FXTB and this means that the brokerage is under the regulation of the Cyprus Securities and Exchange Commission (CySEC). Does it make a difference? Yes, it does because it is known as one of the top regulatory authorities in the world and this makes it legitimate and fully authorized to provide its services not just in Cyprus, but throughout the European Union.
Moreover, as FXTB is a regulated broker, it means that it is governed by strict rules and regulations that enhance the protection of its clients. It maintains all client deposits in a segregated account with reputable entities to prevent any theft or misappropriation. It is also a member of the Investor Compensation Fund and this adds a layer of protection because you will be compensated in case something goes wrong.
Diligence involves checking what trading instruments a broker offers and FXTB is outstanding in this area. You will be able to access more than 300 trading instruments on their platform, which allows you to dip your toes in the leading global markets. These include CFDs on forex currency pairs, along with CFDs on stocks, commodities as well as indices.
The fact that you have access to such markets at FXTB ensures that every trader is able to find something that works for their risk appetite. Moreover, this also gives you room to diversify your portfolio, which can be helpful in minimizing your risks and boosting your profits.
This is the software or platform you use for conducting your transactions, so it is obviously not something to be taken lightly. You will have two choices at your disposal at FXTB and can choose one that suits you. First is a WebTrader, which does not have to be downloaded and can be accessed via the browser. The second is the well-known and recognized MT4 trading platform.
You are free to download its desktop client on your PC or MAC and use it smoothly. Furthermore, you will also come to know that FXTB also gives you access to mobile MT4 apps that can be used for trading on the go. No matter which option you go with, you can have access to different chart types and technical indicators as well as a range of other tools that can come in handy.
It is essential to know what kind of support you can expect from the broker you are considering and FXTB does not disappoint its clients. You can rest assured that they will assist you when you need help because they are available five days a week and have a multilingual staff that can make it simple. Secondly, you can reach out to their team through different channels and these include email, phone, and live chat options.
You can find four account options, a wide range of educational resources, and an array of payment methods at FXTB that make it a good platform for an optimal trading experience.
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