Overview
ITBFX, also called ITB Broker, offers CFDs on forex, gold and silver, indices, energies, shares and cryptocurrencies through MetaTrader 5. It says it was founded in 2017 and focuses on the Middle East and North Africa, with websites in English, Persian, Arabic and Turkish. The website names International Trading Brachium Ltd, an international business company registered in Saint Lucia, as the company behind it. There are six accounts: Nano, Standard, Gold, ECN, Crypto and Stock.
Regulation and safety
The regulation page says ITB was placed under the Mwali International Services Authority (MISA) in 2018. It gives no licence number, and its checking link points to mwaliregestrar.com, a domain that does not exist (MISA’s site is mwaliregistrar.com). We tried that register on 2026-10-29, but it sits behind a bot check, so we could not confirm a licence. Even a confirmed MISA licence is offshore, with no compensation scheme.
The same page lists ITB LLC, a St Vincent and the Grenadines company registered in 2022. International Trading Brachium Ltd does appear on Saint Lucia’s registry of international business companies. Registrations like these are not financial licences. The client agreement names a third company, ITB Limited in Victoria, Seychelles, under Seychelles law. We found no ITB company on the FSA Seychelles list of securities dealers. The agreement also claims membership of the Financial Commission, a private complaints body; ITBFX was not on its member list.
On 21 February 2020 the British Virgin Islands Financial Services Commission published Public Statement 2 of 2020. It says www.itbfx.com was circulating a forged investment business licence in the name of Trading Opportunity Management Company Ltd., a BVI-licensed firm it has no connection with, and that the site has never been licensed in or from the BVI.
The agreement says client money is held in accounts that include segregated accounts in the company’s name. There is no negative balance protection: if your account goes below zero, you must pay the shortfall within two working days. See our guide to forex broker regulation and our broker check.
Costs
Nano and Standard charge no commission, with spreads from 1.5 and 2 pips. ECN starts at 0.0 pips plus $4 per lot. The Gold account starts at 1 pip and charges a commission that is not stated. Crypto charges $1 to $10 per lot. Typical spreads are not published. The agreement allows $5 a month on accounts with no trading for six months, 3% of a withdrawal made without trading, and lets ITBFX give balances of $1 or less to charity once an account has been closed or inactive for 90 days. Compare with our trading costs guide.
Platforms and tools
MetaTrader 5 is the only platform, on Windows, macOS, the web, iOS and Android, with Expert Advisors allowed. Trades held for less than one minute are not permitted, and their profits may be rejected. ITBFX may cut Standard leverage to 1:100 in the hour before the Friday close and can change leverage without notice. See MT4 vs MT5.
Deposits and withdrawals
Methods depend on your country and are shown only in the client portal. The FAQ lists cryptocurrency transfers and local currency exchange services. ITBFX says it charges no deposit or withdrawal fees and processes most withdrawals within one business day, after your identity is verified. Crypto and exchange-service payments are hard to reverse if something goes wrong.
Who it may suit
The set-up fits Persian- and Arabic-speaking traders who want MetaTrader 5, small deposits and high leverage, and who accept that no licence could be confirmed. If you want a regulator you can check, a compensation scheme and negative balance protection, this structure does not provide them.