Wire Transfer
If you wish to fund your account via wire transfer, please contact your account manager or access our live chat to receive the appropriate banking details.
Please note that there is a minimum deposit of €500 for wire transfers.
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This website (www.forextb.com/eu) is operated by Forex TB Limited, a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF licence number 272/15. Forex TB Limited is located at Lemesou Avenue 71, 2nd Floor 2121 Aglantzia, Nicosia, Cyprus.
Forex TB Limited owns and operates the “ForexTB” brand.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.14% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. ForexTB does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Forex TB Limited is not a financial adviser and all services are provided on an execution only basis. Please read our Risk Disclosure document.
Forex TB Limited offers services within the European Economic Area (excluding Belgium) and Switzerland.
Forex TB Limited does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Forex TB Limited is not a financial adviser and all services are provided on an execution only basis.
The European Securities and Markets Authority (ESMA) has formally adopted new measures on the provision of CFDs to Retail clients in the European Union which took effect on the 1st of August 2018. The measures include significant downsize in leverage, a specific margin close out rule, restrictions on trading benefits, etc.
CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. Professional Clients, utilize more leverage which increases that risk. You should consider carefully whether you can afford to take the risk of becoming an Elective Professional Client.
On 27 September 2019, the Cyprus Securities and Exchange Commission (“CySEC”) issued a Policy Statement (PS-04-2019), publishing the rules that restrict the sale, marketing and distribution of contract for differences (“CFDs”) in or from Cyprus in line with ESMA’s temporary product intervention measures.
CySEC has permanently introduced ESMA Measures into national law through Directive DI-87-09 and include:
• The adoption of the same leverage limits for all retail clients dependent on the type and volatility of the underlying asset:
– 30:1 for major currency pairs;
– 20:1 for non-major currency pairs, gold and major indices;
– 10:1 for commodities other than gold and non-major equity indices’
– 5:1 for individual equities and other reference values;
– 2:1 for cryptocurrencies.
• a margin close-out, when the clients’ funds fall to 50% of the margin needed to maintain their open positions on their CFD account;
• negative balance protection per account basis, so that retail clients cannot lose more than the total funds in their trading account;
• prohibiting firms from offering cash or other inducements to encourage retail clients to trade;
• requiring firms to provide standardized risk warnings informing potential customers the percentage of their retail client accounts.
You can become a professional client if you submit an application and meet among others two out of the three criteria mentioned below3:
1 A standardised margin close out rule at the percentage of the minimum initial required margin prescribed above on a per account basis. For professional clients’ trading accounts the percentage is subject to changes.
2 The objective of the Investor Compensation Fund (ICF) is to secure claims of Retail Clients through the payment of compensation (up to €20,000) in cases where we default on our obligations to you, if certain conditions are met. Read more here.
3 You can decide whether you wish to submit an application now or at a later stage or even remain to be treated as retail client. Please note that you have the option to revert your status back to retail once you become professional at any time if you wish so.
4 Financial instruments include shares, cash deposits made to fund or profits accrued from investing in derivatives, debt instruments and cash deposits. They do not include property, traditional commodity ownership or the notional value of derivative instruments.
You can read more about the product intervention measures of ESMA here and at our Client Categorization Policy here.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.14% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Like all investment opportunities, trading Forex and CFD involves risk of loss. Here at ForexTB, we provide you with access to an education centre, risk-management tools and a customer support team.
Beware of individuals impersonating authority figures engaging in fraudulent activity. Stay informed by checking CySEC's official website for warnings and updates.