Introduction
CIBFX.com is one of the online brokers that have been in business for some time now. They offer trading in forex, metals and CFDs. The company is owned and operated by CIB Limited, which is a Vanuatu registered company. The broker has its headquarters in Port Vila, Vanuatu. CIBFX is a regulated broker as it is registered with the Vanuatu Financial Services Commission (VFSC). The company complies with the commission’s rules and regulations. CIBFX is also a member of the Financial Commission (FinaCom).
Pros of CIBFX.com
CIBFX.com is a popular online broker that offers a variety of features and benefits for its clients. Some of the pros of using CIBFX.com include:
-A wide variety of assets to trade: CIBFX.com offers its clients access to a wide range of assets including forex, commodities, indices, stocks and more. This gives traders the ability to diversify their portfolios and find opportunities in different markets.
-Powerful trading platform: CIBFX.com’s trading platform is designed for both beginner and experienced traders. It is user-friendly yet packed with powerful features such as real-time quotes, charting tools, market news and analysis.
-Competitive spreads and commissions: CIBFX.com offers very competitive spreads and commissions, which helps keep trading costs low.
-Excellent customer support: CIBFX.com provides excellent customer support through live chat, email and phone. Representatives are available 24/7 to help resolve any issues you may have.
Cons of CIBFX.com
CIBFX.com is a foreign exchange and CFD broker that offers its services through the MetaTrader4 trading platform. The company is based in New Zealand and is regulated by the Financial Markets Authority (FMA).
The main disadvantage of CIBFX.com is that it is a new broker and, as such, it does not have a long track record to show its reliability. In addition, the broker has a limited product offering, with only currency pairs and CFDs on metals being available for trading. Another downside is that CIBFX.com charges relatively high commissions on trades.
Traders Rating of CIBFX.com
CIBFX.com is an online broker that offers forex and CFD trading. It is a part of the CIB Group, which is a leading provider of online trading services in the Middle East and North Africa. The company is headquartered in Dubai, United Arab Emirates and is regulated by the Dubai Financial Services Authority (DFSA).
The broker offers three account types: Standard, Premium and VIP. The minimum deposit for a Standard account is $250, while the minimum deposit for a Premium account is $10,000. The VIP account requires a minimum deposit of $50,000. All accounts offer leverage up to 1:200 and spreads from 0.8 pips on major currency pairs.
CIBFX.com provides its clients with the MetaTrader 4 platform for desktop and mobile devices. The broker also offers an Islamic account option for traders who wish to trade in compliance with Sharia Law.
Overall, CIBFX.com is a reliable broker that offers competitive spreads and a wide range of tradable instruments. However, it should be noted that the broker does not accept clients from the US or Canada due to regulatory reasons.
Conclusion
CIBFX.com is a great online broker that offers a lot of features and benefits for their traders. They have a wide variety of assets to choose from and their customer service is excellent. However, there are some cons to using this broker as well, such as the fact that they do not offer demo accounts and their spreads can be high at times. Overall, CIBFX.com is a great broker for those who are looking for a reliable and user-friendly platform to trade on.