Comprehensive Review of ForexTB: A reliable Broker for Serious Traders

As a professional broker reviewer at DayFunded, I am about to share my comprehensive insights about a trading broker named ForexTB. My objective is to help all aspiring traders to make an informed decision while choosing a reliable broker. Let's dive in!

Introduction To ForexTB

Forex TB Limited, also known as ForexTB, is a freshly established trading broker with just a year of presence in the financial market since its foundation in 2020. Despite being a newcomer, the broker has managed to gain a stellar average rating of 10, showcasing its reliability and competency in offering a rich trading experience.

Minimum Account Size & Position Size

For beginners, it could be heartening to learn that the minimum account size requirement in ForexTB stands at a feasible $250. Hence, if you're a novice trader looking to experiment in the financial market, ForexTB might just be a good starting point for you. The minimum position size at ForexTB is 0.01, which offers great trading flexibility.

ForexTB’s Regulatory Compliance

One major strength of ForexTB that cannot go unmentioned is its serious regulatory compliance. The broker operates legally and adheres to fair business practices. That dramatically minimizes any risk of fraudulent activities, giving traders peace of mind knowing their investments are handled within a lawful framework.

ForexTB Spreads & Pricing

One downside is that ForexTB has high spreads, implying that traders will have to face wider gaps between bid and ask prices. This factor might be a deterrent for traders who prefer low-cost trading, but it's essential to consider that a high spread doesn't necessarily compare to poor service quality or less profitability in the long run.

US Traders & ForexTB

Despite providing excellent features and service, unfortunately, ForexTB does not welcome traders from the United States. This exclusion might be disappointing for US-based traders.

Some Promising Features

ForexTB offers some appealing features which deserve a mention. For starters, they provide free education. This resource can equip traders comprehensively to get a good grip on the nuances of financial markets.

The broker also ensures segregated accounts. This means that client funds are held separately from the company's own operational funds — enhancing security for client deposits.

Lastly, with ForexTB, you can benefit from having a personal manager. This could be very advantageous for traders wanting regular optimization and management of their trading account.

Maximum Leverage

ForexTB provides high leverage (recx52zZP99yNLYJi). However, traders should tread carefully around high leverage as it can also lead to higher risk exposure.

To conclude, ForexTB appears as a newbie-friendly and secure trading broker that could be ideal for beginners and seasoned traders alike. It does have a few downsides like high spreads, but its perks like free education, segregated accounts, serious regulatory compliance, and personal account management ascertain that ForexTB is a broker worth considering.