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ITB foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://crm.itbfx.com/auth/sign-up, about the company's legal and temporary regulatory information, the company's address The Sotheby Building,Rodney Bay,Gros-Islet ,Saint Lucia.

ITB Forex Broker

No Regulation
ITB

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Company profile

ITBfx Review SummaryFounded2018Registered Country/RegionSaint LuciaRegulationUnregulatedMarket InstrumentsForex, Metals, Indices, Crypto, StocksDemo AccountAvailableLeverageUp to 1:500SpreadFrom 0 pips (ECN account)Trading PlatformMT5 platform for all devices (Windows, Mac, Android, iOS)Min Deposit$10 (Nano Account)Customer SupportPhone: +442080971783, +442080971742Email: support@itbfx.com24/7 live support: YesPhysical Address: The Sotheby Building, Rodney Bay, Gros-Islet, Saint LuciaITBfx Information ITBfx is set up in 2018. It offers trading tools like currency, metals, indices, cryptocurrencies, and stocks, thereby granting access to worldwide financial markets. Its MT5 platform offers fast execution, interoperability with various operating systems, and expert advice among other things to support trading across several devices.Pros and ConsProsConsLow minimum deposit starting at $10Unregulated3 account types for diverse tradersRestriction in many countries (USA, Japan, Canada.etc)Provide MT5 platform with full supportIs ITBfx Legit? ITBfx is unregulated.What Can I Trade on ITBfx? Forex, commodities, indices, cryptocurrencies, and stocks are among the trading items ITBfx carries.Tradable InstrumentsSupportedForex✔Metals✔Indices✔Cryptocurrencies✔Stocks✔Leverage ITBfx provides different leverage for different accounts.Account TypeLeverageNanoUp to 1:200StandardUp to 1:500ECNUp to 1:500Account Types ITBfx offers 3 account types: Nano, Standard, ECN account.Account TypeMinimum DepositLeverageSpreadCommissionKey FeaturesNano$101:200Floating from 1.5NoEntry-level, limited instrumentsStandard$501:500Floating from 2.0NoSuitable for beginner tradersECN$1001:500Floating from 0$4 per lotDesigned for experienced tradersITBfx Fees For ECN accounts, ITBfx provides spreads ranging from 0 pip; for ordinary accounts, they range from 2 pip. Commissions apply just to ECN accounts for $4 per lot; nano and standard accounts are commission-free. ITBfx has a stop out rate. For Nano and Standard accounts, it's 20%. For ECN account, it's 30%.Account TypeSpreadCommissionStop out rateNanoFrom 1.5 pipsNo20%StandardFrom 2 pipsNo20%ECNFrom 0 pips$4 per lot30%Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable forMT5✔Windows, Mac, Android, iOSAll traders, experienced or newcTrader❌Deposit and Withdrawal ITBfx doesn't mention the specific payment methods. However, the minimum deposit is $10 in Nano account.Bonus ITBfx provides some bonuses to attract users.Bonus TypeWelcome BonusMinimum of $50, up to $500Referral Bonus10% of referrals50-50 First Deposit Bonusdeposit $50 with additional $50 bonusExisting Users Bonus30% bonus
How to login to ITB?

ITB Similar Brokers

Latest Reviews

Pros
Low minimum deposit starting at $1, making it accessible for new traders.
Wide variety of trading instruments available, including forex, cryptocurrencies, metals, and indices.
24/7 customer support in multiple languages, ensuring assistance is readily available.
Cons
Unregulated, which may pose a higher risk for traders.
Limited availability in certain countries, restricting access for some potential clients.
Mixed reviews regarding transparency and reliability, leading to skepticism among potential users.

Basic Information

Registered Region
Saint Lucia
Operating Period
--
Company Name
ITB Broker
Abbreviation
ITB
Company employee
--
Customer Service Email Address
Info@ITBFX.com
Contact Number
+442046000842
Company Website
Company Address
The Sotheby Building,Rodney Bay,Gros-Islet ,Saint Lucia
How to login to ITB?
itbfx Complete Account Guide: Registration, Account Opening, and Login Processes This comprehensive guide will walk you through the essential processes of registering, opening an account, and logging into the itbfx platform. Whether you're a novice trader or an experienced investor, understanding these steps will help you navigate the platform smoothly. Part One: Account Registration Process How to Register a itbfx Account Step 1: Access the Registration Page To begin the registration process, visit the official itbfx website. Look for the “Open an Account” or “Register” button, usually located prominently on the homepage. Click on this button to be directed to the registration form. Step 2: Filling in Required Information Once on the registration page, you will need to fill out a form with essential information. This typically includes your first name, last name, email address, and mobile phone number. Ensure that all information is accurate to avoid any issues later in the process. Step 3: Email/Phone Verification After submitting your information, itbfx will send a verification code to the email or phone number you provided. Check your inbox or SMS for this code and enter it in the designated field on the registration page to verify your contact details. Step 4: Identity Verification (if required) Depending on your region and the regulations itbfx adheres to, you may be required to verify your identity. This typically involves uploading a government-issued ID (like a passport or national ID) and proof of address (such as a utility bill). Follow the instructions provided to complete this process. Step 5: Registration Confirmation Once you have completed all the required steps, you will receive a confirmation email indicating that your itbfx account has been successfully created. Click on the confirmation link provided to finalize your registration. Common Registration Issues and Solutions Verification Code Not Received: If you do not receive the verification code, check your spam folder or ensure that the email address or phone number entered is correct. You can request a new code if necessary. Identity Verification Delays: If your identity verification is taking longer than expected, contact itbfx support for assistance. They can provide updates on your verification status. Regional Differences in Registration While itbfx aims to provide services globally, certain regions may have additional requirements due to local regulations. Ensure you check for any specific requirements based on your location during the registration process. Part Two: Account Opening Process itbfx Account Opening Detailed Guide Understanding the Difference Between Registration and Account Opening While registration creates your user profile on itbfx, account opening refers to the process of selecting a trading account type and preparing it for trading activities. Registration is the first step, while account opening is the next logical step to start trading. Preparation Work Before Account Opening Before opening your trading account, ensure you have the necessary documents ready for verification. This may include your ID, proof of address, and any other documents required by itbfx for compliance purposes. Detailed Account Opening Steps Step 1: Selecting Account Type Log into your itbfx account and navigate to the account opening section. You will be presented with different account types, such as Nano, Standard, and ECN accounts. Choose the one that best fits your trading needs based on factors like minimum deposit, leverage, and trading instruments. Step 2: Submitting Required Documents Depending on the account type selected, you may need to submit additional documentation. This could include financial statements or additional identification. Make sure to follow any specific instructions provided for document submission. Step 3: Account Review Process After submitting your documents, your account will undergo a review process by the itbfx team. This may take anywhere from a few hours to a couple of days, depending on the volume of registrations they are processing. Step 4: Account Activation Once your account is approved, you will receive a notification via email. Follow the instructions in the email to activate your account fully. Step 5: Initial Setup After activation, log into your account and set up your trading preferences. This includes configuring your trading platform settings, adjusting leverage, and funding your account. Frequently Asked Questions About Account Opening How long does it take to open an account? The account opening process can vary, but it typically takes a few hours to a couple of days, depending on document verification. What happens if my account opening is denied? If your account opening is denied, you will receive an explanation via email. Common reasons include insufficient documentation or failure to meet regulatory requirements. Next Steps After Opening an Account Once your account is open and activated, you can deposit funds and start trading. Familiarize yourself with the trading platform and consider using a demo account to practice before trading with real money. Part Three: Login Guide itbfx Login Process Explained Basic Web Login Process (Steps 1-5) Step 1: Access the Login Page Visit the itbfx website and locate the “Login” button, usually found at the top right corner of the homepage. Step 2: Enter Your Credentials Input your registered email address and password in the provided fields. Make sure there are no typos, as this is a common issue for users. Step 3: Two-Factor Authentication (if enabled) If you have enabled two-factor authentication (2FA), you will be prompted to enter the code sent to your registered mobile device or email. Step 4: Click on the Login Button After entering your credentials and 2FA code (if applicable), click the “Login” button to access your account. Step 5: Access Your Dashboard Once logged in, you will be directed to your account dashboard, where you can manage your trading activities, view account balances, and access trading tools. Mobile App Login Process (if applicable) If you are using the itbfx mobile app, the login process is similar. Open the app, enter your credentials, and follow any additional prompts for 2FA if set up. Common Login Issues and Solutions Forgotten Password: If you forget your password, click on the “Forgot Password” link on the login page. Follow the prompts to reset your password via email. Account Lockout: If you enter incorrect login details multiple times, your account may be temporarily locked. Contact itbfx support to resolve this issue. Technical Issues: If you encounter technical issues while logging in, try clearing your browser cache or using a different browser. You can also check for any ongoing maintenance announcements on the itbfx website. Overview of Features After Login After successfully logging in, you will have access to various features, including trading platforms, account management tools, educational resources, and customer support options. Additional Sections Account Security Recommendations Enable Two-Factor Authentication: Always use 2FA for added security. Use Strong Passwords: Create complex passwords and change them regularly. Monitor Account Activity: Regularly check your account statements for any unauthorized transactions. Best Practices for Account Management Keep Your Information Updated: Ensure that your contact information is current to receive important notifications. Use Demo Accounts for Practice: Before trading with real money, practice on a demo account to build your skills. How to Get Technical Support If you encounter any issues or have questions, itbfx provides various support channels, including live chat, email, and phone support. Reach out to their support team for prompt assistance. This guide aims to provide an accurate and thorough understanding of the itbfx registration, account opening, and login processes. For any specific inquiries or issues, always refer to the official itbfx website or contact their support team for the most reliable information.

ITBFX Forex Broker - Complete Information Guide

1. Overview of the Broker

ITBFX, officially known as International Trading Brachium, was established in 2017. The broker is headquartered in Seychelles and operates primarily through its online platform, itbfx.com. ITBFX is a privately-held company that caters to a diverse clientele, including retail traders and institutional investors, with a focus on the forex market.

Since its inception, ITBFX has made significant strides in the trading industry. Initially, the company faced regulatory challenges, as it presented itself under a different brand registered in the British Virgin Islands. Following warnings from regulatory authorities in 2020, ITBFX restructured its operations, obtaining an offshore license in Saint Vincent and the Grenadines in May 2022 and later acquiring regulation from the Mwali International Services Authority (MISA) in August 2022. This transition marked a pivotal moment in the company's journey, allowing it to expand its offerings and enhance its market presence.

ITBFX primarily operates in the retail forex market, providing a platform for individual traders to engage in currency trading. The company's business model revolves around offering competitive trading conditions, a range of trading instruments, and a user-friendly trading environment.

2. Regulatory and Compliance Information

ITBFX is regulated by two primary authorities:

  • Mwali International Services Authority (MISA)
  • Saint Vincent and the Grenadines International Financial Services Authority (SVG FSA)

While MISA provides oversight, it is important to note that its regulatory framework is considered less stringent compared to major financial regulators in tier-one jurisdictions. This raises concerns about the level of investor protection available to clients. The regulatory numbers associated with these licenses are not publicly disclosed in the available data.

The broker's operations are structured to comply with basic Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Clients are required to verify their identities before engaging in trading activities, which is a standard practice aimed at preventing fraud and ensuring transparency.

ITBFX claims to implement a client funds segregation policy, ensuring that traders' funds are held separately from the company's operational funds. However, there is no indication of participation in any investor compensation schemes, which could provide additional security for clients in the event of insolvency.

3. Trading Products and Services

ITBFX offers a diverse range of trading products across multiple asset classes. The broker provides access to:

  • Currency Pairs: More than 25 forex pairs, including major, minor, and exotic currencies.
  • CFD Products: This includes indices, commodities, stocks, and cryptocurrencies. Key offerings include:
  • Indices: Major indices such as the S&P 500 and FTSE 100.
  • Commodities: Precious metals like gold and silver, as well as energy products.
  • Stocks: Shares of well-known companies such as Alibaba and Tesla.
  • Cryptocurrencies: A selection of over 10 cryptocurrencies, including Bitcoin and Ethereum.

The broker is known for updating its product offerings regularly, ensuring that clients have access to the latest market instruments. Retail trading services are the primary focus, but ITBFX also caters to institutional clients, providing tailored solutions to meet their trading needs.

4. Trading Platforms and Technology

ITBFX utilizes the MetaTrader 5 (MT5) platform, a widely recognized trading software known for its advanced features and user-friendly interface. The platform supports various functionalities, including:

  • Algorithmic Trading: Clients can utilize Expert Advisors (EAs) for automated trading.
  • Mobile Trading: MT5 is available on both iOS and Android, allowing traders to access their accounts on the go.
  • Web Trading: A browser-based version of MT5 is also available, offering flexibility for users who prefer not to download software.

The execution model employed by ITBFX is primarily ECN, providing direct market access to liquidity providers. This model is designed to enhance trade execution speed and reduce spreads, benefiting active traders.

ITBFX has invested in robust technological infrastructure, with servers located strategically to ensure low latency and reliable connectivity. The broker also offers API access for clients interested in implementing custom trading solutions.

5. Account Types and Trading Conditions

ITBFX provides several account types to accommodate different trading preferences and capital levels:

  • Nano Account: Requires a minimum deposit of $1 and offers floating spreads with leverage up to 300:1.
  • Standard Account: Requires a minimum deposit of $50 and provides access to both fixed and floating spreads, with leverage up to 400:1.
  • ECN Classic Account: Requires a minimum deposit of $100 and offers floating spreads starting from 0 pips, with leverage up to 500:1.

The minimum trade size varies by account type, with the Nano account allowing trades as small as 0.001 lots. All accounts are commission-free, but traders should be aware of potential overnight fees.

ITBFX also offers a demo account for clients to practice trading without financial risk. This account mimics real market conditions, allowing traders to refine their strategies.

6. Fund Management

ITBFX supports a variety of deposit methods, including:

  • Bank Transfers
  • Credit/Debit Cards
  • E-Wallets: Various electronic payment options are available.

The minimum deposit requirement varies by account type, with the Nano account requiring only $1. Deposits are typically processed quickly, with most transactions completed within one business day.

Withdrawal methods include traditional banking options and cryptocurrencies, although specific withdrawal fees and processing times are not clearly stated. ITBFX emphasizes transparency in its financial operations, but clients should be cautious and verify any withdrawal limitations.

7. Customer Support and Educational Resources

ITBFX offers multiple support channels, including:

  • Email
  • Live Chat
  • Phone Support
  • Social Media

Customer support is available 24/7, catering to clients in various time zones. The broker provides assistance in multiple languages, including English, Persian, Kurdish, and Arabic.

In addition to customer support, ITBFX offers a range of educational resources designed to enhance traders' knowledge and skills. These resources include:

  • Webinars and Tutorials: Covering various trading strategies and market analysis techniques.
  • Market Analysis: Daily updates and research reports to keep traders informed.
  • Trading Tools: Access to calculators, economic calendars, and signal services.

8. Regional Coverage and Restrictions

ITBFX primarily serves clients in regions such as:

  • United States
  • Germany
  • Netherlands
  • United Kingdom
  • France

Despite its broad reach, ITBFX is not registered with major regulatory bodies in these tier-one countries, which raises concerns about the legality of its operations in those jurisdictions. The broker has offices in London and Seychelles, but clients from certain countries may face restrictions due to local regulations.

In conclusion, ITBFX is positioned as a competitive player in the forex brokerage market, offering a variety of trading products and services. However, potential clients should conduct thorough research and consider the regulatory environment before engaging with the broker.

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i can't withdraw money They keep rejecting my request to withdraw funds.

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Warning, responses from support are slower than a snail's pace. Don't expect them to pay if you get a no deposit bonus. They are scammers and don't want to pay. Stay away from the scam broker ITBFX.

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ITB

News

ITB Review: Top Reasons Why Traders Say NO to This Trading Platform

Exposure ITB Review: Top Reasons Why Traders Say NO to This Trading Platform

Finding it hard to withdraw profits from the ITB forex trading platform? Complying with the ITB no deposit bonus norms, but finding a NIL forex trading account balance upon withdrawal? Contacting the broker’s support officials, but not receiving any help from them? You are not alone! There are many such complaints against the Saint Lucia-based forex broker. In this ITB broker review article, we have highlighted some of these complaints. Take a look!

ITB Forex Broker has an overall rating of 2.16, Regulatory Index 0.00, License Index 0.00, Business Index 7.46, Software Index 7.94 Risk Control Index 0.00.