CIBfx Broker Reviews and Full Information

It is never uninformed when dealing with traders on the Forex market. Some companies are after your hard-earned money. That is to say their motives aren't sincere, and these shady companies are putting the whole forex market in the shadow of a negative and infamous image. However there are some businesses that are reliable and trustworthy as you can see by reading the CIBFX review, you'll be able determine the credibility of this company or not.

CIBFX at an affidavit

CIBFX was founded around 2005. After more than a decade of expertise one would think that all signs of a CIBFX fraud are gone. But, the company not yet regulated by a reliable agency, and is not operating with any valid license, there is no proof of the motives of this broker house. The group that controls and runs CIBFX is based in Vanuatu and the territory is a well-known Mecca of offshore companies and illegal activities. Capital Investments Brokers Ltd also has subsidiaries in London and St. Vincent and Grenadines and the two businesses work together. It appears that they're working in an unprofessional, legally-sound and professional way.

Trading accounts with CIBFX

Because CIBFX is an STP-based trading service that provides market access as well as fast execution. However, we advise all who are reading these CIBFX critiques to remain cautious when approaching this broker. Before beginning your career in trading with the company you'll need to sign up and open an account. In addition to the swap-free Islamic account as well as the option of a demo account, CIBFX also offers three distinct categories - Standard, Micro, and Executive. The minimum deposit to open a micro account starts at $100, while you'll need to have more than $10k to open with an executive account.

Platform for trading

The demand for a fast and responsive interface is increasing in the present financial market and the same requirements apply to the broker CIBFX too. But, this broker isn't bringing anything new into the marketplace as the MetaTrader4 platform is a familiar one to the majority of traders. To be honest, the software comes with several exciting options including an option for charting as well as Expert Advisors however CIBFX didn't make use of the exciting software tool. The website can be accessed from your browser on a variety of devices, such as tablets, desktop computers and mobile phones.

Promotions and bonus

The rewards and gifts offered by the company are the main reason for users to Forex trading sites, and CIBFX must incorporate this concept into their business in order to be a reliable broker. At the moment we can say that our CIBFX view is not positive because they do not provide a wide array of bonuses. One of the bonuses for trading they're offering is a 100% welcome bonus, however this "generous present" has to be accompanied by very demanding requirements for trading. That is, you have to complete the requirements of a certain number of transactions before you are able to take the money that you want to withdraw.

Transfer of funds and payments

All CIBFX reviews will confirm that this broker can't provide a secure and safe trading environment. That is the reason you need to be cautious prior to depositing your hard-earned funds to this company. It appears that their website is not even equipped with 128-bit SSL encryption which is an essential feature to be present in today's Forex world. Potential investors can choose to use credit cards like VISA or MasterCard or wire transfers to banks as their preferred bank method. E-wallets are also available so that you can pick among Neteller, Skrill, or OKPay.

Customer support

CIBFX Forex broker is operating from Vanuatu At least, this is what their website states and the absence local offices are a significant disadvantage for the company. Clients can reach their representatives 24 hours a day via various ways of communication, such as the telephone or e-mail. In terms of educational materials, CIBFX has prepared a handful of webinars as well as electronic books, but it's not enough to please the investors of today.

Conclusion

If you've read the CIBFX FX broker review with enough care, you will observe that this broker doesn't belong to the top class of Forex trading companies and that you can easily find a more suitable option for your investment. Dealing with unregulated and untrustworthy brokers comes with a number of risk, and nobody would want to see their savings disappear quickly. Scam websites are all around us, which is why it is recommended that you stay clear of CIBFX and investigate your options to work with a reputable trading firm.