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FXTB Review – Is FXTB Scam or Legit?

FXTB Broker Rating
Account Types9.3
Trading Speed8.9
Customer Service9.2
Safety8.6
9
Conclusion
Read our FXTB review and learn why we recommend this broker for online trading and why it is not a scam, learn all you need to know in this FXTB review before you sign up with the broker.

FXTB Review

FXTB logo

FXTB is a Cyprus-based forex trading broker that offers clients access to both Forex and CFDs. FXTB provides the latest version of MetaTrader 4 for desktop trading, along with access to its mobile app for iPhone and Android devices. With low spreads starting from zero pips on major currency pairs, FXTB delivers competitive pricing for Forex traders around the world. Let’s have a look at FXTB brokerage review.

MT4 Platform

MetaTrader 4 allows FXTB traders to develop their unique strategies while providing an extensive array of technical analysis tools to validate market entry signals. You can use multiple timeframes across any major FX pair for easy cross-asset correlations between instruments without having to leave the platform for an extended period.

MetaTrader 4 takes FX trading to a completely new level by providing FXTB traders access to the same strategies and tools that institutional traders use in their FX investment decision-making process. FX traders will also be able to quickly create a robust FX model, test it against historic price data, and then automate trade executions with a few clicks.

FXTB website

Mobile App

FXTB Mobile app gives traders the power to trade FX on the go. FXTB Mobile is compatible with iOS and Android devices. It features the same powerful platform available through their Web Trader, giving the traders mobile access to market rates, charts, and trade execution for each of the world’s FX markets – anytime, anywhere!

The FXTB app provides users with an easy way to monitor prices and place trades while on the go. This includes quick orders such as stop loss and taking profit orders using price alerts, in addition, to close positions when a target rate is reached.

Unlike some other FX trading apps you have seen, the FXTB mobile app provides all of this functionality in a clean and informative manner. They have thought of everything when it comes to providing a true forex trading experience on the go.

This allows FXTB traders to have their trades executed in real-time, with reliable execution and order processing, but also with high-quality customer service anytime they need it.

Payment Method

FXTB uses traditional forex service providers to process all deposit and withdrawal transactions. Non-electronic wire transfers are available for deposits, while withdrawals require the use of payment cards, e-wallets, or bank wires. This makes FXTB a relatively safe choice as they work with reliable third parties that regulators trust.

To get started depositing with FXTB, simply fund your account using one of the available payment options. Then, place a trade and enter the amount to be withdrawn in the relevant field. FXTB will process all withdrawal requests within 24 hours. You should note that FXTB could process withdrawals only via payment cards, e-wallets, and bank wires. Card transactions should take less than 24 hours to clear. Wire transfers usually process same day but may take longer if incorrect information was provided upon withdrawal request. FXTB does not charge for deposits, however, there are withdrawal fees associated with various transaction types.

Safety

FXTB is dedicated to providing its customers with the safest and most secure trading environment possible.

Because of their focus on security policy construction, they have created stringent processes in testing for security vulnerabilities that are applied regularly. They also follow strict compliance programs in each area of their business including Payment Card Industry Data Security Standard (PCI DSS), Payment Application Data Security Standard and SysTrust Services, etc.

Conclusion

If you are looking for a broker to trade with, you should consider FXTB as one of your options. It has beginner-friendly account types, tools for mature traders, great customer service, and transparency regarding their business practices.

Overall, there is much extraordinary about this brokerage’s approach to trading services but simply staying above average in most areas will be good enough for beginners. They provide enough educational material to make sure clients know what they need before picking up stakes and joining the trading.

Mubashar Nawaz (United Arab Emirates)

Mubashar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

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