CIBFX Review – Is it a Scam or Legit Broker (2020)

In this CIBFX Review, we are going to take a look at the offer that this broker prepared for its traders. CIBFX operates on the financial market since 1995. When it comes to trading platforms, the broker features . The CIBFX minimum deposit is 500 USD.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Basic information from this CIBFX Review

Website address: cibfx.com
Operated by: CIBfx Limited
Licensed and authorised by regulatory bodies: SVGFSA
Supported languages: English, Spanish and Portuguese
Customer support available via: E-mail, phone, live-chat
Contact details: [email protected] +44 203 769 7650
Available deposit methods: Bank transfer, VISA, MasterCard, Maestro, Neteller, OKPAY, WebMoney, YuuPay
Available withdrawal methods: Bank transfer, VISA, MasterCard, Maestro, Neteller, OKPAY, WebMoney, YuuPay
Minimum deposit: 500 USD
Min. trade in lots: 0.01
Spreads: Typical spread on the currency pair EUR/USD1,3 pips * on standard account type
Tradable assets: Forex (60), stocks (20)
Mobile app: Yes
MetaTrader 4: Yes
Other trading platforms:
Leverage: up to: 1:400
Social trading: No

CIBFX Fees (typical spreads)

We have scanned fees (typical spreads) that CIBFX charges when trading popular currency pairs, here is their breakdown in pips.

EUR/GBP EUR/USD USD/CHF EUR/JPY GBP/USD USD/JPY
* 1,3* * 1,4* 1,8* *

*Typical spreads were recorded on 17.01.2020 at 21:27 for the standard account. CIBFX spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.

Random reviews of competing FX & CFD brokers: MiTrade, Aristrex, SwissCapitalFX and GBCFX

Frequently Asked Questions

🧐 Is CIBFX a Scam?

In accordance with our research, CIBFX is a broker licensed and regulated by the SVGFSA. While it is a good thing that the broker is regulated, the SVGFSA regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that CIBFX is not a scam, read our trader reviews and check other popular trading related websites and forums.

🆓 What is the CIBFX minimum deposit?

In order to start trading with CIBFX, you have to deposit at least 500 USD.

📵 What deposit and withdrawal methods CIBFX supports?

CIBFX allows funding your account via Bank transfer, VISA, MasterCard, Maestro, Neteller, OKPAY, WebMoney, YuuPay.

⚖️ Would you recommend me choosing CIBFX?

We don’t have our own personal experience with CIBFX. However, the broker is regulated by the SVGFSA which does not provide as strong protection to traders as 1st tier regulatory bodies (Like the British Financial Conduct Authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with CIBFX.

Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker IQ Option – 85% of retail CFD accounts lose money , which is a CySEC regulated company that allows trading from as little as $10 and charges highly competitive fees on all assets.

Broker Regulated by Regulatory agencies ensure that brokers operate in a transparent and honest way. They protect the best interests of clients and also feature an investor compensation scheme which protects trader´s deposits up to a certain limit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. Min. deposit Trading platforms A trading platform is a computer or mobile software program used to execute transactions within the financial markets. Spreads Special features A list of features that provide a given broker with a competitive edge. Ad Disclosure The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.
CySEC £/€/$ 10 In-house built platform typical spread 3,0 PIPs ¹
  • User-friendly trading platform
  • International support
Start tradingRead a review
CySECFCA £/€/$ 1 MT4 & xStation 5 typical spread 0,9 PIPs¹
  • Competitive spreads
  • Great customer support
Start tradingRead a review
ASICCySECFCA £/€/$ 100 In-house built platform typical spread 0,6 PIPs ¹
  • User-friendly trading platform
  • Long-established company
Start tradingRead a review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

¹ Variable spreads, spreads recorded for the EUR/USD on 05.10.2020 at 11:42 GMT.