The 7th edition of Forex Expo Dubai is less than a month away. With the event focusing more on business-to-consumer (B2C) relations, traders are looking to find the right connections and network with the right people.
In the last three years, one prominent name at the grand event has been ITBFX Broker. The broker has had a rather outstanding presence at the event, and we’re hoping to see them again this year.
This article is a comprehensive overview of ITB forex broker. You can expect to learn about their account types, services, regulatory compliance, and Forex Expo presence.
What Is ITBFX Broker
The International Trading Brachium (ITB) forex broker was founded in 2017 to mainly provide services for clients in the Middle East. In recent years, however, the broker has shifted and expanded to Southeast Asia and Europe as well.
ITBFX has more than 250,000 active traders who enjoy its low spreads and 0% commissions. It offers more than 1000 trading instruments, including the forex market, crypto, indices, stocks, and metals, which can be traded on MetaTrader 5 (MT5) and ITB Trader, the exclusive professional forex trading platform for ITBFX.
Forex Account Types on ITBFX Broker
To cater to the needs of traders with different experience levels and preferences, ITBFX offers 3 trading accounts to its clients. All of these accounts can be first tested with ITB’s demo account. Demo accounts on ITB can also be used to test new trading strategies and techniques.
1. Nano Account on ITBFX
ITB Forex Broker‘s Nano account is designed for traders who would like to start out with a small initial capital. In fact, you only need $1 to open this account. Nano account traders can trade forex pairs and precious metals such as gold and silver.
The spreads on ITB’s Nano account start from 1.5 pips, and the account has no commission. The ITB Nano account offers leverages as high as 200:1, ensuring traders can multiply their profits without risking too much.
| Account Type | Nano |
| Initial Deposit | $1 |
| Spreads from | Float from 1.5 Pips |
| Leverage | Up to 200:1 |
| Instruments | Forex Pairs, Metals |
| Stop Out | 20% |
| Execution Type | Market Execution |
ITBFX Nano Account
2. Standard Account on ITBFX
Traders who are not professionals but not newbies either can choose the Standard account on ITBFX. It offers more diverse instruments, including forex pairs, precious metals, indices, and cryptocurrencies.
This account has higher maximum leverage compared to the nano account, offering up to 500 times the trader’s capital. The ITBFX Broker’s standard account also has higher spreads, floating from 2.0 pips.
| Account Type | Standard Account |
| Initial Deposit | $50 |
| Spreads from | Float from 2.0 Pips |
| Leverage | Up to 500:1 |
| Instruments | Forex Pairs, Metals, Indices, Crypto |
| Stop Out | 20% |
| Execution Type | Market Execution |
ITBFX Standard Account
3. ECN Account on ITBFX
Brokers offer ECN accounts to professional traders who want to have their trades executed at a higher speed. ITBFX also offers its ECN accounts, where traders can invest in various markets such as forex, metals, crypto, indices, and stocks.
The ECN account on ITB forex broker offers leverages up to 500:1, and floating spreads as low as 0.0 pips. Like all other accounts, the ECN trading account on ITBFX also has no commissions, reducing trading costs further.
| Account Type | ECN Account |
| Initial Deposit | $100 |
| Spreads from | Float from 0.0 Pips |
| Leverage | Up to 500:1 |
| Instruments | Forex Pairs, Metals, Indices, Crypto, Stocks |
| Stop Out | 30% |
| Execution Type | Market Execution |
ITBFX ECN Account
Services Offered by ITBFX Broker
ITB Forex Broker (ITBFX) offers various services, including trading accounts, IB plans, educational materials, and more.
Trading Services
ITBFX broker offers three account types, more than 1000 trading instruments, tight spreads, sensible leverages, and 0% commissions. Additionally, ITBFX traders can take advantage of the special bonuses the broker offers. For example, with an account balance of $200 to $50,000, you can get a 25% credit discount.
IB Plans
As the name suggests, IBs or introducing brokers introduce new clients to brokers. When their referred client opens new positions, they make money.
Becoming an introducing broker provides a safe and risk-free way to gain money from different financial markets.
ITBFX has its own IB plan with more than 5000 members. People who don’t have the time or energy to learn the intricate details of trading can sign up for the ITB Introducing Broker (IB) program and still make money.
Educational Resources
ITBFX provides comprehensive educational resources for free. Whether you are registered with this broker or not, you can head over to their website and social media to learn both the market basics and newer, more complicated trends.
Their website features a wide array of trading-related blogs. There’s also ITB Academy, which features trading lessons sorted by technicality and reader’s experience level.
While they share short snippets of the written content on their social media, their YouTube Channel and Instagram page are mostly dedicated to sharing expert market insights.
Customer Support
The broker also has a team of professionals as their customer support agents, offering aid and assistance to potential clients and registered members 24/7.
Both the support team and broker’s website are available in different languages including English, French, Turkish, Arabic, and Farsi.
Is ITBFX Legit?
ITB Forex Broker holds two licenses from different regulatory bodies: the Saint Louis County regulation and the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA). Aside from its regulatory compliance, ITBFX has a long line of positive testimonials on its back, attesting to its reliability.
ITBFX on Forex Expo Dubai
ITBFX has been present in the last three editions of Forex Expo Dubai and is preparing for its fourth year. The Forex Expo Dubai 2024 is set to be the largest financial event of the year, providing excellent opportunities for learning, networking, and growing.
It appears that ITB Broker’s focus in the upcoming event is to build rapport with prospective clients and nurture connections with industry businesses.
Wrap-Up
ITBFX is a forex broker that offers financial services to over 250,000 clients around the world. Traders on this broker can partake in several markets, including forex, crypto, metals, indices, and stocks.
The broker offers tight spreads, zero commissions, and reasonable leverages. Moreover, their reputable trading platforms encourage traders further to join them.
Aside from trading services, ITBFX offers IB plans to introducing brokers, as well as comprehensive educational resources. The forex broker has had an outstanding presence in the past three years of Forex Expo Dubai.
With this year’s event approaching, more eyes are following ITB broker to see how it performs.
If you’ve had any interesting experiences with this broker, we highly suggest you share it with our readers in the comments section below. Otherwise, we’ll be waiting for you on our next broker review.
