CIBfx is a forex broker established in 2015 in Saint Vincent and the Grenadines, with its headquarters in Kingston. This broker primarily offers financial derivative trading services in forex, stocks, indices, futures, commodities, and cryptocurrencies to its users.
Company Background
CIBfx is a forex brokerage firm, officially registered as CIB Capital Investment Brokers Ltd, headquartered in Saint Vincent and the Grenadines. As per the information provided by the Financial Services Authority of Saint Vincent and the Grenadines, the company was founded on July 14, 2015, with the registration number 22814 BC 2015.
CIBfx's associated corporate entity is CIB Capital Investment Brokers Ltd, headquartered in Comoros, with its registered address at Moheli Corporate Services Ltd, P.B. 1257 Bonovo Road, Fomboni, Comoros, KM.
Regulatory Information
CIBfx's official website states that it is registered in Saint Vincent and the Grenadines, but Saint Vincent and the Grenadines does not offer forex regulation.
Trading Products
CIBfx offers a variety of trading products, including forex, stocks, indices, futures, commodities, and cryptocurrencies.
- Forex Trading: CIBfx allows investors to participate in the forex market, offering the opportunity to trade various currency pairs. Investors can trade based on the fluctuation in prices of one currency against another.
- Stock Trading: CIBfx enables users to trade a broad range of global stocks. Investors have the opportunity to trade stocks of various well-known companies.
- Indices Trading: CIBfx allows investors to trade based on the price trends of specific financial indices. These include stock indices, commodity indices, and bond indices, offering investors participation in the market through these indices.
- Futures Trading: CIBfx enables investors to buy or sell a particular asset or commodity at a predetermined price at a specific time in the future, agreed upon by the buyer and seller.
- Commodity Trading: Commodities, also known as goods or raw materials, are usually interchangeable products and services used for production or consumption. They include energy, precious metals, agricultural products, and livestock, allowing investors to trade them in the spot market or derivative market without physical delivery.
- Cryptocurrency Trading: CIBfx provides investors with any form of currency that exists digitally or virtually and uses cryptography to secure transactions, including cryptocurrencies like Bitcoin, Litecoin, and others, allowing investors to participate in the market through trading these cryptocurrencies.
Trading Software
CIBfx offers investors two trading platforms: MetaTrader 4, Mobile Trader, and Tablet Trader.
- MetaTrader 4: Offers various trading indicators, Expert Advisors for automated trading, and extensive charting tools.
- Mobile Trader: Provides a mobile trading solution compatible with iPhone, iPad, Blackberry, Android, Windows Mobile, and other smartphones, allowing traders to trade anytime, anywhere.
- Tablet Trader: Offers trading options for Android and Apple tablets.
Account Registration
CIBfx's official website offers two methods for account registration: Real Account and Demo Account.
Real Account Registration: First, open CIBfx's official website and click on "START TRADING" on the web page.
After filling in the information step by step, you can complete the account registration.
Demo Account Registration: First, open CIBfx's official website and click on "DEMO ACCOUNT" on the web page.
After filling in the information step by step, you can complete the account registration.
Account Types
CIBfx offers three different types of trading accounts: MICRO, STANDARD, and STANDARD.
- MICRO: Requires a minimum deposit of $500, maximum leverage of 1:200, 20% margin call, 5% stop out level.
- STANDARD: Requires a minimum deposit of $1000, maximum leverage of 1:200, 25% margin call, 5% stop out level.
- STANDARD: Requires a minimum deposit of $10000, maximum leverage of 1:100, 25% margin call, 10% stop out level.
All three trading accounts start from a 1 pip spread, offer 24/5 customer service, and commission-free forex trading.
Deposit and Withdrawal Methods
CIBfx also offers various deposit and withdrawal options, such as VISA, MasterCard, AstroPay, and Bank Transfer. CIBfx states that any customer account that has no trading activity for more than 30 calendar days will be considered a dormant account and will be charged a monthly dormancy fee of $150.
Customer Support
This broker offers 24/5 multilingual support, available through multiple channels, including phone support and email support. Traders can contact the customer support team directly and immediately via the phone number +17864041105. Investors can also send their questions or requests to support@cibfx.com.
Summary
CIBfx, registered in Saint Vincent and the Grenadines, does not provide any regulatory information on its website. CIBfx offers a variety of trading products, including forex, stocks, indices, futures, commodities, and cryptocurrencies. Traders are advised to receive adequate education, understand the market mechanisms, and carefully consider their investment goals and risk tolerance before engaging in high-leverage trading.
Currently, CIBfx is marked as "Non-Regulation" on TraderKnows.
