ForexTB is a trading broker centralized in Cyprus. It mainly caters to traders in the European economic sphere and adheres to GDPR rules and regulations.
By using ForexTB, you can get access to trading CFDs on many financial assets. From Forex to commodities to stocks, you can invest and trade your money to economic success.
This trading broker is available to all traders in Europe. Most of its users claim they prefer using an automatic trading bot for a better experience. We agree. Bots like Bitcoin Era can save you time and stress from completely understanding the market trading game.
In this review, we cover the basics of ForexTB, its many features, and how to generate a positive experience with positive results.
With over 270 available assets, ForexTB is one of the most reliable and effective online brokers you can work with within your trading journey. Create your account today and choose your preferred membership plan to discover everything this broker has for you! To begin, fill out this registration form.
What Is ForexTB?
ForexTB allows you to get into the CFD trading game. The broker has an upfront cost with four different kinds of memberships. There are additional charges that tack on as you continue trading, but, overall, the platform connects you to a world of opportunities.
ForexTB works with auto-trader bot Bitcoin Era. Fortunately, if you are new to the trading scene, this third-party platform gives you access to ForexTB along with assistance in executing trades and making decisions.
As the firm that owns and operates ForexTB headquarters in Cyprus, the platform is regulated by the Cyprus Securities and Exchange Commission. This is a legit government agency that conducts financial regulation in this EU member country. Therefore, there is no need to worry about your investments and trades within ForexTB.
02. Where to Properly Sign Up
Going to the ForexTB website guides you through the steps of creating an account and getting started with your deposits. The site also provides educational information about basic trading and conducting different trades. This is more directed towards inexperienced traders.
Though the broker website gives you plenty of knowledge before you start trading, we highly recommend using automatic cryptocurrency bots- such as Bitcoin Era- to conduct your financial business. Especially for first-time traders, this platform gives you excellent information on your trades and even does some of the work for you. Likewise, it is not just for first-timers. Bitcoin Era is also great for more experienced traders. You can expand your knowledge on the market trading game and learn new trends while picking up some extra cash.
Overall, it is easy to go to the main ForexTB website to get started trading their CFDs. However, Bitcoin Era makes it much easier to navigate and learn.
03. How to Properly Sign Up
We strongly suggest using ForexTB through Bitcoin Era or other automatic trading bots like Bitcoin Pro and Crypto Engine. It makes the trading process a lot easier, as it explains things clearly and carries out trades itself, according to the parameters that you set.
These bots allow you to set parameters and then walk away, letting the bot take care of the trades for you. It is less time and stress.
The sign-up process for Bitcoin Era, or any other trading bot, is straightforward. There are three steps to start making profits:
The most critical step is creating an account. To do this, simply go to the main website for the trading bot. We highly recommend using Bitcoin Era. Click here to go to their main page. There, the website has a registration bar on the side. It is here that you enter in your details: name, email, phone number, and your password.
Once you set up your account, the next step is to deposit money so that you can start trading. After completing your registration, you are taken to the website for ForexTB. Here, you have different options to deposit money. Do what makes you feel the most comfortable.
After creating an account and adding money, you can begin trading. Once putting cash into the ForexTB system, you are taken back to the trading bot’s page. At this point, you can set the parameters and go into auto-trader. However, you can keep things natural and stay in the manual mode.
Why Trade with Bots?
By utilizing Bitcoin Era, you can use ForexTB with the third-party’s automatic trading feature. You can set the parameters of when to trade, buy, and sell so that you are not waiting for things to happen. The bot does that for you.
Overall, the most advantageous part of Bitcoin Era is that it makes your trading experience a bit easier, especially if you have little to no experience. If you are an expert in trading, know the ins and outs, and are comfortable with doing it all on your own, then you can trade CFDs directly with ForexTB.
Earning Profits with Bots
The auto-trading bots like Bitcoin Era do not charge you extra for using its services. For this, Bitcoin Era is a great way to interact with ForexTB. The bot can give you suggestions on your trading decisions. It also can carry out the trades for you so that you can avoid the stress of first-time trading.
The money that you earn through the help of the bots goes back to you. It does not work to charge you on commission or hidden fees. Bitcoin Era is one of the more reliable bots and is the reason why we recommend you use it!
When you sign up for ForexTB, you have four account options. These include Basic, Gold, Platinum, and VIP- all with varying features and pricing.
The more expensive the account, the more features offered. On the ForexTB website, the prices are conducted with the Euro. Though you can use ForexTB in other countries, the company is in Cyprus, so they do the most business with the Euro.
Each account type has its own specific characteristics. They all include a particular value of PIP for different currency exchanges. They also include educational lessons. The more expensive signifies the more advanced lessons. There is access to daily news, daily SMS alerts, and a specific number of free withdrawals.
Of course, the more you pay, the more access you get to the various offerings. If you have more experience in trading CFDs, then the more advanced accounts are probably better suited for you.
Is the ForexTB Broker Legit or a Scam?
Forex TB Limited, who owns and operates ForexTB, is officially authorized and regulated by the Cyprus Securities and Exchange Commission. Their official website even provides its CIF license number: 272/15. The company is registered at 45A Kratinou Street, 2040 Strovolos, Nicosia, Cyprus.
ForexTB also follows all the EU data protection laws that adhere to the GDPR. The General Data Protection Regulation (GDPR) is an EU establishment that regulates data protection within the economic sphere. As a result, you have a right to access, erasure, data portability, rectification, and restrict or refuse processing.
Along with their official registrations, ForexTB offers several resources for their users before they begin trading. The Education tab on the website gives proper definition and necessary explanations of terms and analysis. Additionally, there is access to creating a demo account before going live. That way, users can get a feel for the environment without stressing about losing their money.
ForexTB has customer support that is open to all users with questions and concerns. You can use the Live Chat service and arrange a call with an agent or account manager. Additionally, you can email [email protected] for less immediate concerns.
Pros and Cons
It’s a great advantage to be able to trade a wide variety of assets under one roof. That way you won’t have to learn how to use multiple platforms to be able to diversify your portfolio. This certainly allows the user to have more control over their assets.
Their unique trading platform can be a challenge for folks who are used to trading with MetaTrader. The fact though, that ForexTB offers a demo version of their platform can help with that. Since, users don’t have to put their money at risk until they feel fully comfortable using the platform. Another thing that could help would be to make a heftier initial investment. That way all of the educational content will be automatically unlocked. It wouldn’t make too much sense to go with the minimal investment on the platform and then having to end up buying external educational content. If the money is invested in the platform it’s not money that is lost. On the contrary, it can be used to buy all of the assets that we talked about!