CIBfx

CIBfx Review: Is CIBfx Broker Good?

Broker overview and general information

CIBfx is an online Forex and CFD broker offering trading services to retail and institutional clients worldwide.Operating as an online trading broker with over 15 years of experience in the financial markets, the company offers access to financial markets with a portfolio consisting of over 60 currency pairs (including exotic and minor ones) and contracts for difference (CFDs) across 8 categories, including over 500 financial instruments.

Broker Licensing and Regulation

If you ask whether CIBfx is good or not, you should start by considering the license and registration factors first, which are detailed as follows:

• FINANCIAL SERVICES AUTHORITY St Vincent & The Grenadines (FSA) License No. 22814 under CIB Capital Investment Brokers Limited.

⚠️Warning:Although the broker is regulated, many users are concerned about the FSC license, which has less strict supervision, causing users to be unsure of the supervision under this agency. Therefore, it is necessary to reconsider this factor before investing.

Broker Products and Services

• Forex:Offers a wide range of currency pairs for trading

• Cryptocurrency:Providing trading services for popular cryptocurrencies

• energy:Such as oil and natural gas

• Commodities:Such as gold and silver

• Futures:Futures contracts in various markets

• index:Leading stock indices from around the world

• share:Shares of leading companies

• Precious metals:Such as gold and silver
  

Trading Platform

1. MetaTrader 4 (MT4):

   MT4 is a widely popular trading platform. MT4 is supported on a variety of devices, including:

   • Windows and Mac:Download and install the software for efficient trading.

   • Android and iOS:Mobile application for trading on the go

CIBfx Review: Account Types

There are 3 types of accounts:

Micro Account

• Minimum deposit: $500

• Spread: 1 pips

• Leverage: 1:200

• Increase trade size: 0.01

• Margin call: 20% 

• Stop out level: 5%

• Commission: $0

Standard Account

• Minimum deposit: $1000

• Spread: 1 pips

• Leverage: 1:200

• Increase trade size: 0.01

• Margin call: 25% 

• Stop out level: 5%

• Commission: $0

Standard Account

• Minimum deposit: $10,000

• Spread: 1 pips

• Leverage: 1:100

• Increase trade size: 0.01

• Margin call: 25% 

• Stop out level: 10%

• Commission: $0

Deposit and withdrawal review

The broker supports a wide range of payment methods for deposits and withdrawals, including bank transfers, credit/debit cards, and e-wallets such as Astropay.

Customer Service

• Email:[email protected]

• Telephone: +17864041105

• website:https://cibfx.com/en/contact-us/
  
  
  

Broker Review Overview Summary

CIBfx may be a basic trading broker with the popular MT4 platform and a wide range of assets, but this broker has several limitations that should be carefully considered, especially in terms of transparency and reliability. The main issue is the concern about the FSA license of Saint Vincent and the Grenadines, which is not widely accepted and may not provide sufficient protection for investors. There is also a lack of clarity on deposit and withdrawal conditions, especially the fees involved, which can be a hassle for clients.

In addition, the lack of any deposit protection or risk insurance means that the user's investment is not protected. Limited contact channels are another disadvantage that makes it difficult to seek help in case of problems. In addition, the lack of recognition or awards in the industry increases doubts about the reputation and service standards of this broker. As a result, investors must consider carefully before making a decision.

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