Is ITBFX a Legitimate Forex Broker? Comprehensive 2024 Guide

In recent years, ITBFX forex broker has gained a lot of popularity among traders and introducing brokers (IBs). Now, as the 7th edition of the Forex Expo Dubai approaches, more traders are looking to familiarize themselves with the broker, hoping to benefit from their services in this grand event. In a nutshell, they want to know:

• What is ITBFX broker?

• Is ITBFX a reliable forex broker?

• What services does ITBFX provide?

• What account types does ITBFX offer?

• How can I make money on ITBFX broker?

If you, too, would like to know the answer to these questions, then this comprehensive review is for you. Keep on reading to learn everything you need to know about ITBFX broker in 2024. 

So, What Is ITBFX Broker's Deal?

The International Trading Brachium (ITBFX) broker offers financial services in a variety of markets, including the forex market, crypto, commodities, stocks, and indices. It was founded in 2017 in London with the aim of targeting EU clients. 

Soon after the broker was introduced, though, the founders found out they had a better market in the Middle East. The broker is currently a popular trading option for traders in the MENA region, and it is planning to expand to Southeast Asia and Europe as well.

Over the years, ITBFX has managed to gain a lot of popularity due to its tight spreads, nonexistent commissions, professional forex trading platforms, and other features.   

Is ITBFX Legit?

ITB seems to be a legit broker. The broker is currently registered with the St. Louis County regulation and has an office there. They are also registered with the Saint Vincent and the Grenadines Financial Service Authority (SVGFSA). 

The broker is trusted by its users, as evident in its positive online reviews and awards. There haven't been any legitimate scam reports that our team could find; therefore, ITBFX is a legit broker. 

ITBFX Forex Broker's Services

ITB Forex Broker offers a wide variety of services to help people gain income in both active and passive ways. Their primary services are related to trading and introducing brokers (IBs), but they offer other resources as well.

ITB Trading Services

Traders on ITBFX can invest in a variety of assets. These assets include forex pairs, metals (such as gold), crypto pairs, indices, and stocks. 

Their spreads begin from 0.0 pips, and they don't charge any commissions on their accounts. 

The broker also offers reasonable leverages that can increase the chances of magnified gains without going overboard with the risk. 

Additionally, they use MT5, a world-renowned professional forex trading platform. There is also the broker's exclusive trading platform, ITB Trader.

ITB IB Services 

IBs, or introducing brokers, are entities that receive a commission in return for introducing new clients to a broker.

With every trade that their referred clients partake in, they make more money. This makes being an IB a risk-free way to gain money from the market, and ITBFX forex broker has noticed and used this potential. 

With their intuitive Introducing Broker (IB) plan, they've managed to bring in more than 5000 IBs. 

ITB Educational and Analytical Services

One thing that ITBFX truly stands out for is its comprehensive educational materials and analytic market insights. 

You can access these resources through the broker's website and social media channels, including YouTube and Instagram. Their social media also includes market insights you can use to make your trading more efficient. They offer comprehensive blog posts in several languages, such as English, French, Turkish, Arabic, and Persian. 

There is also a section on their website called the ITB Academy. This section has different trading lessons categorized based on trading subjects and readers' experience level. 

ITB Forex Broker's Account Types

ITBFX offers three account types to its users: Nano, Standard, and ECN. They're each suitable for different traders with different experience levels, trading budgets, and preferences. 

1. ITBFX Nano Account

The Nano account on ITB forex broker is perfect for traders who don't have a massive budget to start with. With an initial deposit of only $1, the ITBFX Nano account provides leverages up to 200:1. 

Traders who use this account should be extra cautious with this double-edged sword because things can go wrong and wipe off their account completely. 

The Nano ITBFX account offers forex pairs and metals, with spreads beginning from 1.5 pips. You can see more info about the ITBFX Nano account below.

ITBFX Nano Account

2. ITBFX Standard Account 

The Standard account on ITBFX is more suitable for those who are not rookies but not advanced traders as well. 

They provide a safe environment for mid-range traders to experience and learn more about markets such as forex, metals, crypto, and indices. 

The initial deposit you need to open an ITBFX Standard account is $50, a relatively affordable amount. 

You can use higher leverages with this account, going up to 500:1. Also, the spreads on the ITB Standard account are floating and start from 2 pips.

ITBFX Standard Account

3. ITBFX ECN Account

The ECN accounts on ITB forex broker were designed to help experienced brokers trade at a lower cost. Their initial deposit is $100, and they offer a wide variety of trading instruments, including everything from the Standard account plus stocks. 

On ITBFX's ECN accounts, spreads start from 0.0 pips and leverages go up to 500:1, ensuring proper profiting opportunities without risking too much.