ITBFX Review: IS IT A Reliable Forex Broker?

ITBFX Review

Have you ever heard of cryptocurrency or Forex trading? How about the Forex brokers? So many of them are out there and traders are seeking the best ones. In this article, we’ll have a complete review of ITBFX broker to help you decide better.

During its six years of experience, ITBFX has turned into one of the best brokers in the Forex market and other financial markets. The broker was initially founded as a subsidiary of the Trading Opportunity Management Company Ltd, which has been active in financial markets since 2009. 

After its initial launch, International Trading Brachium, or ITBFX for short, was faced with positive feedback from users and consequently chosen as one of the best brokerages with diverse trading instruments and reliable regulations.

In this article, we’ll go over the International Trading Brachium and its services. If this sounds interesting to you, stay tuned! 

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ITBFX History and Background

As mentioned before, the International Trading Brachium is a daughter company of Trading Opportunity Management Company Ltd. The holding has been active in financial markets since 2009 and launched ITBFX as a subsidiary in 2017.

The name of the brokerage comes from the Brachium star in the Libra constellation. The star was previously linked to the lighthouse of Alexandria and its light. The lighthouse of Alexandria has always been a symbol of guidance for people of ancient times.

Taking inspiration from the star of Brachium, the Libra constellation, and the lighthouse of Alexandria, ITBFX was founded with the aim of becoming a source of guidance and justice in the world of financial markets. 

The brokerage was launched in 2017 to substitute other substandard brokers by providing optimal services and being a transparent broker with a professional mechanism.

Following the initial release and the positive feedback from traders, the broker’s board decided to launch it into the international market. They chose the market in the EU as their initial target demographic.

After that, the company took a year to deeply study and understand the true needs of traders. In 2020, ITBFX officially announced its expansion to the Middle East and the MENA region.

By 2022, the broker managed to improve its service quality by incorporating copy trading and PAMM accounts into its trading platforms. These steps were taken as a part of the company’s plan to make ITB the best broker in the Middle East.

One of the main reasons people choose ITBFX as their trading brokerage is that the company holds itself to a certain standard, which requires it to constantly improve itself. Following this line of thought, ITBFX has expanded its services to Southeast and Central Asia in 2023 and plans to take a further step into the decentralization of the Forex market using blockchain technology in 2024.

Why Choose ITBFX?

As a trader, you want to choose a reliable and comprehensive brokerage. ITBFX is an excellent choice if you’re interested in trading in the Forex market or any other financial market. Why, you ask? Let’s find out!

Throughout the years, ITBFX has proved itself worthy of trust. The broker is registered in Seychelles and is under the observation of SVGFSA and MWALI International Service Authority, with banks and credible business partners providing it with liquidity. Becoming a member of the ITB family has many advantages, some of which include:

  • More than 10 years of experience in financial markets
  • Valid regulatory
  • Attractive incentives for their affiliate program
  • Fast and easy deposit and withdrawal process
  • No transaction commissions
  • Easy and quick account creation process
  • Lowest spreads and highest profit margins for clients
  • Diverse symbols range, including cryptocurrencies, currency pairs, metals, energy, stocks, and indices

ITBFX Account Types 

Something that ITBFX prides itself on is its diversity and inclusiveness. The broker claims to have something for every kind of trader regarding their account types.

Three types of accounts are available on the ITBFX website: Nano accounts, Standard accounts, and ECN classic accounts. We will be reviewing each of these account types shortly.

1. ITBFX Nano Account

The nano accounts provided by ITBFX have the lowest initial deposit amount compared to all other account types. With only $1, traders who want to enter the market with a smaller capital can begin trading with ITBFX nano accounts.

Below, you can see a complete list of the advantages and limitations of the ITB nano account.

Initial deposit$1
Instruments availableForex, metal 
Minimum order0.001
Maximum open orders50
Customers Club 
Maximum volume limit per instrument 50
Stop out level5%
Account protection
Maximum number of position orders per accountUnlimited 
Maximum order size100
Trading platformMT5 
Commissions 0
Base currencyUSD 
ITBFX Nano Account

2. ITBFX Standard Account

ITBFX standard accounts are a good match for those who have just started trading in the Forex market or other financial markets. This account type offers a variety of advantages to its users, which are listed in the table below.

Initial deposit$50
SpreadFixed, floating 
Instruments availableForex (fixed), metals (fixed), cryptocurrencies (floating), indicators (floating)
Minimum order0.001
Maximum open orders100
Customers Club 
Maximum volume limit per instrument 100
Stop out level5%
Account protection
Maximum number of position orders per accountUnlimited 
Maximum order size100
Trading platformMT5 
Commissions 0
Base currencyUSD
ITBFX Standard Account

In addition to the symbols mentioned above, Traders can also use their standard account to take part in Trading a limited number of company stocks.

3. ITBFX ECN Classic Account

Finally, the classic ECN account can be used by traders with more Forex market experience. These accounts offer the most extensive symbol variety with a floating spread starting from 0, not to mention their unlimited orders. To know more about these accounts, refer to the table below.

Initial deposit$100
SpreadFloating from 0
Instruments availableForex, metals, cryptocurrencies, indices, stocks
Minimum order0.01
Maximum open ordersUnlimited 
Customers Club 
Maximum volume limit per instrument 100
Stop out level5%
Account protection
Maximum number of position orders per accountUnlimited 
Maximum order size100
Trading platformMT5 
Commissions 0
Base currencyUSD 
ITBFX ECN Classic Account

Taking these features into consideration will help you choose the best account type for your needs and desires. It’s also noteworthy that you can use all ITBFX account types on the demo. On top of that, no matter which one of these account types you have, your orders will be executed instantly.

ITB MetaTrader 5

An online trading platform is what connects traders to their broker and the market. MetaTrader 5 has been one of the most comprehensive online trading platforms in recent years. As a result, ITB became partners with MetaQuotes and created a customized version of MetaTrader 5 for their users. 

MetaQuotes has been a successful company in designing and setting up trading platforms for the past 20 years. For that reason, the ITB MT5 platform is considered an excellent trading platform.

This updated version of MT5 is free to use for all clients of the International Trading Brachium. Below, you can see some of the benefits of the ITB MT5.

  • Exclusive VPS service
  • 50+ technical analysis indicators
  • Online charts for all trading symbols
  • Expert support, algorithms, and robots
  • The fastest transaction executions among all MetaTraders
  • One-click transactions
  • One account for all devices
  • Exclusive versions for Mac, iOS, and Android

All these benefits have turned the ITBFX version of the MetaTrader 5 into an all-time favorite among traders.

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International Trading Brachium’s Educational Content

One of the things that turns the International Trading Brachium into a leading Forex brokerage in 2023 is its top-notch educational material. 

The education section on consists of two main parts: the ITB Academy and a forex dictionary.

ITBFX has done a really good job regarding ITB Academy. This section of their website consists of some of the most all-embracing educational material sorted out by user’s progression level and area of expertise. The four levels of its educational material include beginner, intermediate, advanced, and gold trading. Also, as far as the content category, there is a section for the basics of trading, one for technical analysis, one for fundamental analysis, and lastly, a specific section called trading recipes.

Throughout this part of ITB’s website, you can find hundreds of useful content, regardless of your level or what you’re trying to learn.

ITB Broker’s License and Regulatory 

The International Trading Brachium was initially registered in Seychelles and now has an office in Seychelles and London. As a reputable broker with a happy trail of clients behind it, ITBFX aims to continue building a clientele that trusts that their broker is not going to take any advantage of them and their assets so that they’re comfortable trading and making money. As a result, ITBFX has registered with two of the most well-known regulatory companies in the world.


For starters, the International Trading Brachium is under the regulation of SVGFSA, which is a regulatory body based in St. Vincent and Grenadine. The SVGFSA has been a member of the World Bank International Organization since 2012.

ITBFX review

On top of that, back in 2018, ITBFX officially announced that they were authorized by the MWALI International Service Authority. This regulatory body has been in the market for a long time. Since its initial launch in 1998, the Mwali International Service Authority has proven its responsibility and trustworthiness to traders across the world.

Customer Support in ITBFX

Since it has always been the goal of International Trading Brachium to become the best broker that left nothing but a trail of satisfied customers behind its back, the company takes its customer support services very seriously. 

All ITBFX clients can reach out to the broker via email, phone calls, WhatsApp, Telegram, and live chat. It’s also noteworthy that the broker provides 24/7 customer services in the local language of the traders, including Persian, Arabic, and Kurdish.

ITBFX Customers Club and Special Bonuses

The ITB Customers Club is one of the many factors that makes your journey as a trader more interesting if you’re partnering with ITBFX. You can earn points by trading, depositing money into your account, and joining competitions. These points can later help you win cash and non-cash rewards from the brokerage.

ITBFX Customers Club rewards include but are not limited to, spread and swap reductions, cash withdrawal from your account, raffle tickets, and YouTube and Netflix subscriptions.

Aside from the great rewards you can get on their Customers Club, ITBFX also offers special bonuses depending on where you are in your journey as a trader. 

One of their most interesting plans is called Crypto Lending, in which they try to help traders overcome the obstacle of getting a loan from banks by providing cryptocurrency loans using blockchain technology.

The ITB crypto loans will enable you to deposit cryptocurrencies into your account without needing a guarantor. On top of that, you will only have a 1% monthly interest rate and 65% of the value of the collateral. This is extremely helpful for people who intend to keep their principal HoDL

If you’re interested in getting a crypto loan from ITBFX, here’s what you have to do:

  1. First, you should apply for the loan by sending a ticket using your user panel.
  2. The next step is to sign a contract, an application form you need to complete, and send it to the ITB support team.
  3. Once you have sent the contract and ITB has confirmed it, you must deposit cryptocurrencies into your user panel wallet.
  4. As your final step, you will receive your loan within 24 hours, and then you can keep on trading.

ITBFX Affiliate (IB) Program

Using the help of the ITBFX affiliate (IB) program, you can earn money by just referring your friends. If you are interested in taking part in the ITB IB program, you should follow the steps below:

  1. Register: In this step, you should fill out a form including your name, email address, and phone number.
  2. Activate affiliate system: Once you have signed up, you can receive your link and activate the IB program system.
  3. Earn commissions: By sharing your link and inviting your friends to ITBFX, you can make money every time they make a trade. 

Using the ITV affiliate program offers you many advantages, such as providing a specific panel for friends’ activities, 24-hour support which is offered in multiple languages, including Farsi, and direct connection to a dedicated accountant manager. On top of that, ITBFX offers flexible cooperation plans and the guidance of a consultant to help you improve your activity and income. They also charge no commissions and provide a safe and reliable space for you to make money. And the best part? There is no limit on your income while working with ITBFX.

Notable Achievements

As we’ve been mentioning how amazing a Forex brokerage ITBFX is throughout this article, one of the remarkable achievements of the broker is winning the award for the Best Cryptocurrency and Forex Broker back in 2022. This award is provided by Forex Awards, which has always been dedicated to introducing and promoting the best brokers in financial markets with creative initiatives and impressive results throughout time. Of course, the International Trading Brachium didn’t just stop there and is once again nominated for the same title this year.

ITBFX forex award

Final Word 

Overall, it could be said that ITBFX has turned into one of the most reliable brokerage agencies in the market. The broker was first established in 2017, aiming to be a better substitute for all other brokers that weren’t transparent and did not have a professional mechanism. After several years of work, their efforts have paid off and ITBFX is now one of the leading brokers in the Middle East and worldwide.

The International Trading Brachium has more than 15,000 clients and offers 600+ trading symbols. They even have their version of MT5, which offers great advantages to traders. 

Moreover, ITBFX offers several account types suitable for any investor in the market. Their educational content is categorized and sorted by your knowledge level so that it’s easy to navigate through the comprehensive content for their users.

The broker is regulated by two well-known regulatory authorities and provides a safe haven for investors across the world. 

In conclusion, ITB provides a comprehensive platform for investors to begin and continue their journey in financial markets. As its name suggests, the broker has become a symbol of justice and guidance for its customers and continues to improve its services. If you have more questions regarding ITBFX and how you can join their family, don’t hesitate to contact our team.

Frequently Asked Questions about ITBFX 

This section will take a deeper look into some of the frequently asked questions about the International Trading Brachium.

1. What does the name of ITBFX mean?

ITBFX is short for the International Trading Brachium, which is a brokerage company based in Seychelles. It was the Brachium star in the Libra constellation that inspired the founders of this broker to name it the way they did. The Libra constellation has always been a symbol of Justice, and the star of Brachium has been connected to the lighthouse of Alexandria, which has been a source of guidance for people in ancient times. As a result, the founders of ITBFX named it The International Trading Brachium, hoping that it could bring justice and guidance to the turbulent world of financial markets.

2. How long has ITBFX been present in the market?

ITBFX has been in the market for the past six years. It was initially launched back in 2017 as a transparent broker with a professional mechanism in hopes of becoming a better broker than others in the market. Over the years, the founders of the International Trading Brachium expanded the company into the international market, including the European Union, the Middle East, the MENA region, and Central and Southeast Asia. Their rate of growth is more than proof enough that ITBFX is a reliable and safe broker for traders across the world.

3. Is ITBFX regulated?

ITBFX is regulated by SVGFSA, which is a member of the World Bank international organization. On top of that, the brokerage is under the authorization of the MWALI International Service Authority, which is one of the oldest regulatory bodies present in the market.

4. Can I learn more about financial markets on ITBFX?

The Education section on the International Trading Brachium’s website is one to behold. The educational content is rich and comprehensive, and it’s categorized into different subsections, including fundamental analysis, technical analysis, basics of trading, and trading recipes. What makes their educational content even better is that you can choose content that matches your level of knowledge.

5. What kind of accounts does ITBFX offer?

In short, ITBFX offers three types of accounts, all of which are available on the demo as well. For starters, they have nano accounts, which only require a one-dollar initial deposit. This account is a suitable option for those who want to enter the market with a small capital. Moving past that, they have the standard accounts which have an initial deposit amount of 50 US dollars. These accounts are best for traders who have just started their journey in financial markets such as Forex. Lastly, ITBFX offers ECN classic accounts, which are a great option if you have some training experience. The initial deposit for the ECN classic account is $100.