Forex TB Limited owns the website forextb.com. The company is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). Traders can use one of the most popular trading terminals worldwide – MetaTrader 4 (MT4). In addition, they can trade through the company’s own terminal, which we are presenting here.
The platform looks nicely and easily constructed. The workspace consists of three modules – for instruments, for trades and charts, and for positions. The instruments available for trading are in the left module. It shows the most important information such as Bid and Ask process, the daily change, and daily high and low values for each instrument. There is a filter box and you can search for some particular asset or filter an entire asset class. You can also create your own favorites by clicking on the star symbol in the trade module. There is some inconvenience when adding instruments to favorites as the asset must first be selected to appear in the trading module and only then it can be added to favorites. Clicking the instrument opens its chart and loads the trade module.
Trading overview
You can place an order by clicking on the Sell or Buy button in the Trade module. Be careful – the default amount is 1 lot and if you would like to trade smaller values, you must enter them manually. Market orders are executed by clicking the TRADE button. If you select the “Open trade when rate reach” box, you will place a pending order (limit or stop).
Already open positions can be displayed in the Positions module at the bottom right component of the platform where they can be closed or revised.
The chart window is integrated into the trade module. Charts can be maximized and occupy the entire workspace. Chart types include candlesticks, HeikinAshi, bars, lines, area, and dots. Time frame starts from one minute and can be chosen up to one month. Zooming can be done by the dedicated buttons or by the mouse scroll wheel. There are a lot of graphical objects such as different types of lines, geometric shapes, text, pattern tools, a tool for measure, and Fibonacci retracement. Nearly 50 technical indicators are available from the Indicators Wizard menu.
Charts
You have access to the economic calendar and daily market update directly from the terminal.
Overall, the platform is simple organized and provides all the essential tools for novices. The more experienced would probably prefer the MetaTrader 4 platform, which the company also offers.
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