CIBFX Review

Category: Reviews | Author: Trading Brokers | Date: May 22, 2024

CIBFX, or Capital Investment Brokers, is a forex and CFD broker that offers online trading across different financial markets. Founded in 2005 and registered in Saint Vincent and the Grenadines, CIBFX provides access to over 60 currency pairs as well as commodities, indices, and stocks.

In this review, we’ll take a closer look at CIBFX’s trading conditions, platforms, customer support, and regulation status. We’ll analyze both the potential pros and cons to determine if CIBFX is a recommended broker for beginners and experienced traders alike. By the end, you should have a solid understanding of what CIBFX offers and whether it’s a secure choice for your trading needs.


Pros & Cons

  • Variety of account types to cater to different traders, including Micro, Standard, and Swap-Free accounts
  • Wealth of educational resources, such as trading glossary and educational videos
  • Wide range of financial instruments, including more than 60 currency pairs and over 500 CFDs
  • User-friendly and popular trading platform, Metatrader 4 (MT4)
  • Concerns around legitimacy and safety for investors
  • Lack of proper forex regulation and potential scam reports
  • Customer service not available 24/7
  • Limited research tools and analysis

Summary

CIBFX Review

CIBFX Review

CIBFX is a forex broker with over 15 years of experience that offers a variety of services to cater to the diverse needs of its clients. They provide access to a wide range of financial markets, including more than 60 currency pairs and Contracts for Difference (CFDs) in eight categories with more than 500 financial instruments. This gives traders a lot of flexibility and options when it comes to trading. CIBFX is a duly registered and regulated company, with security protocols in place to protect your funds. The broker also ensures that your personal data is secure and will never be shared without your consent. The broker is known for its user-friendly trading platform, MetaTrader 4 (MT4), which is one of the most popular and widely used trading platforms for forex and other instruments today.

CIBFX also provides a wealth of educational resources, including a trading glossary and educational videos, making it a good option for both new and experienced traders. The broker’s customer support team is responsive and knowledgeable, able to offer informed answers to clients’ questions and concerns. In terms of account types, CIBFX offers a range of options to cater to different types of traders, from beginners to more experienced ones, and those who need to comply with religious restrictions.

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AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

CIBFX claims to be a duly registered and regulated company, with more than 15 years of experience in the financial markets. They pride themselves on offering a safe and reliable service, with security protocols in place to protect your funds. However, it’s important to note that while CIBFX may be registered, it currently does not hold any valid regulation. This means that while they may operate within the legal framework of their registration, they are not overseen by a regulatory body that ensures they adhere to specific standards and practices designed to protect traders.

Even though the company claims registration with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 22814 IBC 2015, it’s crucial to understand that the SVG FSA is not a regulatory body responsible for granting licenses or overseeing forex trading entities. So, while CIBFX may offer a range of services and tools for traders, the lack of valid regulation is a significant factor to consider. It’s always important to do your due diligence and ensure that any broker you choose to work with is regulated by a reputable body. Please see a list of regulated brokers for some alternative options.

Platforms & Tools

CIBFX utilizes the Metatrader 4 (MT4) platform, a popular choice among traders worldwide. MT4 is known for its user-friendly interface, advanced charting capabilities, and a wide range of technical indicators. It’s a comprehensive platform that caters to both beginner and experienced traders. One of the key features of MT4 is its automated trading capabilities. Traders can use Expert Advisors (EAs) to automate their trading strategies, which can be a significant advantage for those who prefer algorithmic trading. In addition to the core MT4 platform, CIBFX also provides some useful trading tools to assist clients. These include:

MT4 Platform

MT4 Platform

  • Economic Calendar: CIBFX provides an economic calendar, which is a useful tool for traders to keep track of important economic events that could impact the markets.
  • Heat Maps: CIBFX provides heat maps, which give traders a visual representation of the market’s movements. This can be a useful tool for identifying trends and patterns in the market.
  • Real-time Market Data and News: Access to up-to-date market information and financial news to help traders make informed decisions
  • Interest Rate Information: Data on interest rates that can influence currency values and market movements, especially important for interest rate-sensitive currency pairs

Education

CIBFX offers a variety of educational resources to help traders at all levels improve their trading skills and knowledge. Here are some of the key resources:

  • Trading Glossary: This is a comprehensive list of trading terms and their definitions. It’s a handy tool for both new and experienced traders to familiarize themselves with the jargon used in the forex market.
  • Educational Videos: CIBFX offers a collection of educational videos that cover a range of topics. These include basic forex education, understanding candlestick patterns, and learning about chart formation patterns. These videos are designed to be beginner-friendly, making them a great resource for those who are new to forex trading or those who want to brush up on their knowledge.
  • Daily Market News: This feature provides traders with daily updates on the fundamental facts of the market and the global economy. It helps traders plan their trades before entering the market.
  • Video Lessons: These lessons cover both basic and advanced price-action courses. They assist traders in getting well prepared to participate in the biggest financial markets of the world.

Markets

CIBFX offers its clients access to a wide range of financial markets.

  • Forex: CIBFX offers more than 60 currency pairs, including major, minor, and exotic pairs. This gives traders a wide range of options to choose from, allowing them to diversify their trading portfolio.
  • CFDs: CIBFX provides access to CFDs in eight categories. This includes commodities like oil, metals, and soft commodities like agriculture. This gives traders the opportunity to speculate on the price movements of these assets without owning the underlying asset.
  • Stocks: CIBFX offers a selection of stocks for trading. This allows traders to take advantage of the movements in the stock market and diversify their trading portfolio.
  • Futures: CIBFX offers futures trading, which allows traders to speculate on the price of an asset at a future date. This can be a useful tool for hedging against price movements or for speculating on future price movements.
  • Indexes: CIBFX offers index trading, which allows traders to speculate on the price movements of a group of stocks. This can be a useful tool for diversifying a trading portfolio and for gaining exposure to a specific sector of the market.
  • Cryptocurrencies: CIBFX offers a selection of popular cryptocurrencies for trading. However, it’s important to note that trading in cryptocurrencies carries a high level of risk due to the volatility of the market.

Accounts

CIBFX offers four types of accounts to cater to the diverse needs of its clients. Here’s a detailed look at each of them:


  • Micro Account: This account type is a good option for traders who are just starting out or who want to test the platform at low risk. The minimum deposit requirement for this account is $500. It offers a free daily summary and research, access to video tutorials, and customer service 24/5. The spreads start from 1 pip.
  • Standard Account 1: This account type is suitable for more experienced traders who want greater flexibility in their trades. The minimum deposit requirement for this account is $10,000. It includes all the features of the Micro account, plus a dedicated account manager to provide personalized service.
  • Standard Account 2: This account type includes additional features such as a personal account manager and access to exclusive market analysis and research. It is suitable for traders who want a more personalized trading experience. The minimum deposit requirement for this account is $1,000.
  • Swap-Free (Islamic) Account: This account type is offered to those who cannot earn or pay interest for religious reasons. In compliance with these religious restrictions, these swap-free Forex accounts will not be charged, nor will they earn the interest that comes with supporting Forex trading. If a swap-free trade, for any currency pair, is held open for more than 10 days, swap rates may apply, unless this requirement is waived by CIBFX.

Funding

CIBFX offers several methods for funding your trading account. Here’s a detailed look at each of them:

  • Bank Wire Transfers: This is a secure and reliable method of transferring funds, particularly useful for large transactions. It doesn’t usually have a limit on the amount that can be transferred. However, it might take a few business days for the funds to appear in your trading account.
  • Credit and Debit Cards: This is a convenient and fast method of funding your account. The funds are usually available in your trading account almost immediately after the transaction is processed. It’s important to note that the types of cards accepted may vary, so it’s best to check with CIBFX for the specific cards they accept.
  • Electronic Payment Systems: These systems offer a quick and easy way to transfer funds to your trading account. They are particularly useful for traders who want to fund their accounts without having to go through the process of setting up a bank wire transfer. However, the specific electronic payment systems supported by CIBFX are not explicitly mentioned on their website.

For withdrawals, CIBFX processes requests within 24 hours. However, the time it takes for the funds to reach your account can vary depending on the withdrawal method used. It’s always a good idea to check with CIBFX for the specific withdrawal methods they support and any potential fees associated with them. Remember, the availability of these funding methods may vary depending on the trader’s country of residence. Always check with the broker to see which funding methods are available in your country.

Conclusion

In conclusion, CIBFX is a broker that offers a wide range of markets and a user-friendly platform, making it a viable option for both new and experienced traders. The broker provides various tools and resources to help traders navigate the markets effectively. However, it’s worth noting that while CIBFX offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading brokers reviews. In the end, the choice of a broker depends on individual trading needs and preferences. It’s always a good idea to do thorough research and consider multiple options before making a decision.

CIBFX Logo

$500

CIBFX, or Capital Investment Brokers, is a forex and CFD trading platform that has been in operation since 2005. The broker is owned and managed by Capital Investment Brokers Limited and is headquartered in London, with additional offices in Saint Vincent and the Grenadines

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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