ForexTB vs TP Global FX
ForexTB or TP Global FX – which is better for UK traders 2024? Compare ForexTB and TP Global FX in this detailed breakdown of their platforms, features and fees.
| ForexTB | TP Global FX |
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| ForexTB is ranked #97 among CFD brokers. | TP Global FX is ranked #97 among CFD brokers. |
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ForexTB has closed or no longer accepts UK clients.
Established in 2015, ForexTB (FXTB) is a multi-asset broker offering CFDs on over 300 instruments via its own web-based platform or the popular MetaTrader 4. FXTB offers a choice of four accounts with premium tiers enjoying tighter spreads and zero commissions, though substantial minimum investments climbing to €250k put these out of reach for most traders. |
TP Global FX has closed or no longer accepts UK clients.
TP Global FX is an offshore broker with a strong focus on education and technical analysis tools. It offers STP pricing and up to 1:500 leverage on 50+ forex pairs and a smaller range of stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers additional services including copy trading and an informative daily blog. |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | No |
| Instruments | |
| CFDs, Forex, Indices, Stocks, Commodities, Cryptocurrencies | Forex, CFDs, indices, commodities, cryptocurrencies |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $250 | $200 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| CySEC | SVGFSA, VFSC, CAMA |
| Mobile Apps | |
| iOS & Android | Yes (iOS & Android) |
| Trading App | |
FXTB provides a mobile version of its exclusive WebTrader platform, compatible with iOS and Android devices, featuring push notifications for real-time updates. This app facilitates trade execution, chart analysis, and asset price monitoring on-the-go. Alternatively, experienced traders may prefer the MT4 app, offering robust features like drawing tools, customizable graphs, and Expert Advisors (EAs). |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| No | Yes |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | No |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| Yes | Yes |
| STP Account | |
| Yes | Yes |
| ECN Account | |
| No | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | No |
| Market Maker | |
| Yes | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| Follow and copy multiple professional traders using performance analytics and market signals at TP Global FX. | |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| Yes | Yes |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | Yes |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $20 | |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| CFD trading is available across forex, commodities, indices, stocks, and cryptocurrencies, encompassing over 300 assets in total. Leverage levels vary by instrument, adhering to EU regulations with a maximum of 1:30. Spreads are variable across the platform, however there is no raw spread account that would cater to advanced traders. | TP Global FX clients can trade CFDs on forex as well as around 12 stocks, 12 indices, five cryptocurrencies and commodities including gold, silver oil and gas. CFDs trade with up to 1:500 leverage on the hugely popular and reliable MT4 and MT5 platforms. |
| Leverage | |
| 1:30 (Retail), 1:400 (Professional) | 1:500 |
| FTSE Spread | |
| 425 | Not offered |
| GBPUSD Spread< | |
| 1.8 | From 0.2 pips |
| Oil Spread | |
| 10 | From 0.2 pips |
| Stocks Spread | |
| Variable | From 0.2 points |
| Forex | |
| FXTB provides CFDs on 45 currency pairs, primarily consisting of crosses involving USD, EUR, GBP, or AUD. Basic account holders encounter very wide spreads, notably 3 pips on EUR/USD, while VIP members enjoy more competitive rates, with 1.6 pips offered on the same pair. The MT4 platform and app were built for forex trading. | TP Global FX offers trading on 50+ forex pairs with a good selection of minors and exotics as well as the majors. The broker offers fast 30ms execution speeds with a Straight-Through Processing system. Very tight spreads starting from 0.2 are available on pro accounts, while standard commission-free account spreads start from 1.2. |
| Assets | |
| 45 | 50+ |
| GBPUSD Spread | |
| From 2.0 | From 0.2 pips |
| EURUSD Spread | |
| From 1.6 | From 0.2 pips |
| EURGBP Spread | |
| From 1.8 | From 0.2 pips |
| Cryptocurrency | |
| ForexTB offers short-term trading in cryptocurrency markets through approximately 25 CFDs, which are paired with USD, EUR, and GBP. Popular coins include Bitcoin, Ethereum, Dash, and Litecoin. However, there are no crypto indices, limited emerging tokens and Bitcoin spreads came in wider than average during testing. | TP Global FX offers CFDs on five cryptocurrencies paired with USD. Spreads are lower than many alternatives and users can trade crypto 24/7 without interruption. |
| Spread | |
| Floating | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| ForexTB | TP Global FX |
| More Comparisons | |
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ForexTB vs |
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