Headquartered in Kingstown, Saint Vincent and the Grenadines, CIBfx is an online forex and CFD broker that gives traders access to trade several financial assets, including forex, metals, CFDs, and more. They operate the STP execution model, which reduces the possibility of a conflict of interest. Trades are executed on the MetaTrader 4 trading platform, which is available in desktop, web, and mobile versions. The broker offers a selection of useful trading and learning tools, whilst offering a knowledgeable customer support team to assist traders. The minimum deposit required to operate a live trading account is $500, and leverage of up to 1:500 is available. No commission is charged on trades.
CIBfx Review Introduction
In this CIBfx review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including CIBfx.
CIBfx Platforms & Tools
CIBfx provides traders with the popular MT4 trading platform. It is built with a wide range of useful trading tools and functionalities, including support for automated trading using expert advisors, one-click trading, charting tools, VPS, and more. Both beginners and expert traders find the MT4 trading platform easy to use.
The broker presents the MT4 trading platform as a desktop application for Windows and Mac computers; a Webtrader that can run directly on most modern web browsers, such as Chrome, Safari, Firefox, and Edge; and a mobile app for Android and iOS devices. The mobile app can be downloaded from the relevant app stores and used to place trades and manage trading positions when you are away from your computer.
There are some standalone trading tools on the broker’s website, such as the Economic Calendar, Market Forecast, World bank Interest Rates, Market Watch, and more. These tools help to ensure that the trading process is hitch-free.
CIBfx Research & Education
The broker’s website contains daily market news that keeps clients up to date with the events taking place in the financial markets. There are also some videos for educational purposes.
CIBfx Trading Accounts
Traders are allowed to choose the account type that best meets their individual trading objectives and capital from a choice of three trading account types, namely: Micro ($500), Standard ($1,000), and Executive ($10,000) Accounts. Swap-free Islamic accounts that comply with the sharia laws are available upon request, while demo accounts are provided for practice purposes.
CIBfx Account Funding
CIBfx’s clients are allowed to deposit and withdraw funds via the following payment methods: bank wire transfer, credit/debit cards, and e-payments.
CIBfx Customer Service
The broker’s client support team is available to respond swiftly to all the trading inquiries that clients may have. They can be reached via telephone, email, Live Chat, social media, and online form.
CIBfx Limited is registered in Saint Vincent and the Grenadines with the IBC license number: 24120. However, the broker does not seem to be regulated by any financial authority at the moment.
CIBfx Review Summary
CIBfx is an online trading broker that offers the MT4 trading platform for trading multiple financial instruments. Traders get to make use of some helpful trading and learning tools, while a customer support team is available to assist them at every step. The minimum deposit required to start trading is $500. However, there is no regulatory information on the broker’s website at the moment.
It is worth mentioning that some of the trading products and services in this CIBfx review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the CIBfx broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.