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 vs TP Global FX Comparison Table 2024
ForexTB TP Global FX
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3.9
ForexTB is ranked # among . TP Global FX is ranked #91 among CFD brokers.
Review
ForexTB has closed or no longer accepts UK clients.
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
  • Good range of frequently updated educational resources
  • Demo profile with unlimited simulated funds
  • Very tight spreads from 0.2
  • Support for MT4 and MT5
  • Copy trading service
  • Accepts crypto deposits
  • ~30ms execution speeds
  • High leverage available
  • True STP pricing
Cons
  • Limited consumer protections in place including negative balance protection
  • High commissions of $15/$8 for the low-spread accounts
  • Not overseen by any top-tier regulators
  • Narrow choice of deposit options
  • Small range of non-forex assets
Awards
  • Most Transparent Broker 2021 - Forex Broker Awards
  • Best FX Educational Broker 2021 - Forex Broker Awards
  • Best Affiliate Program 2021 - Forex Broker Awards
FCA Regulated
No
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes
Minimum Deposit
$200
Payment Methods
Minimum Trade
0.01 Lots
Regulator
SVGFSA, VFSC, CAMA
Mobile Apps
Yes (iOS & Android)
iOS App Rating
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Android App Rating
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Margin Trading
Yes
MetaTrader 4
Yes
MetaTrader 5
Yes
cTrader
No
AlgoTrader
No
OmniTrader
No
TradingView
No
Autochartist
No
eSignal
No
Trading Central
Yes
STP Account
Yes
ECN Account
No
DMA Account
No
MAM Account
No
PAMM Account
No
LAMM Account
No
Demat Account
No
AI / Machine Learning
No
Robo Advisor
No
Negative Balance Protection
No
Market Maker
No
P2P Trading
No
Spot Trading
Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes
Copy Trading Platform
Follow and copy multiple professional traders using performance analytics and market signals at TP Global FX.
Social Trading
Yes
Trade Signals
Yes
VPS Hosting
No
Tournaments
Yes
Demo Competitions
No
Ethical Investing
No
Custodial Account
No
Guaranteed Stop Loss
No
Islamic Account
Yes
Account Currencies
  • USD
Commodities
  • Gold
  • Silver
  • Copper
  • Oil
  • Gasoline
  • Cocoa
  • Coffee
  • Corn
  • Cotton
  • Aluminium
  • Natural Gas
  • Sugar
CFD
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
1:500
FTSE Spread
Not offered
GBPUSD Spread<
From 0.2 pips
Oil Spread
From 0.2 pips
Stocks Spread
From 0.2 points
Forex
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
50+
GBPUSD Spread
From 0.2 pips
EURUSD Spread
From 0.2 pips
EURGBP Spread
From 0.2 pips
Cryptocurrency
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
Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • EOS
Crypto Lending
No
Crypto Mining
No
Crypto Staking
No
Auto Market Maker
No
ForexTB TP Global FX
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