In this section we will analyze the CIBfx broker, is a Forex, CFDs and Cryptocurrency broker. Is CIBfx really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You may be wondering why we do a review on CIBfx… It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before deciding or not, to invest with an investment company.
We do this review and assessment, because we receive different messages and comments asking about the reliability of the company in question. ¿Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: CIBfx Limited and Capital Investment Brokers Limited.
As to its location, The broker mentions being based in: Saint Vincent and the Grenadines and England, although the base in England seems to be false, because, if it is real, it should be a company regulated by the FCA (UK financial regulator), which is not the case. ...
If we analyze the regulation of the broker: because CIBfx does not mention absolutely anything about being a regulated broker, only a license in Saint Vincent and the Grenadines, so we believe that it is an unregulated broker.
If now we go on to analyze account types that CIBfx offers, we note that it offers 3 different types of account; the Micro Account, the Standard Account and the Executive Account.
Micro account- $ 500 minimum initial deposit, free daily summary and research, app, video tutorials, 24/5 customer service, dedicated account manager, up to 1: 200 leverage, expert advisor, phone trading .
Standard Account- $ 1.000 minimum initial deposit, free daily summary and research, app, video tutorials, 24/5 customer service, dedicated account manager, up to 1: 200 leverage, expert advisor, phone trading .
Executive Account- $ 10.000 minimum initial deposit, free daily research and summary, app, video tutorials, 24/5 customer service, dedicated account manager, up to 1: 200 leverage, expert advisor, phone trading , all available financial instruments.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that CIBfx offers are: the MT4 platform.
We will now analyze the different resources and aids for traders that CIBfx provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
CIBfx provides the following help or resources to traders or interested parties: basic explanation of the different financial products that CIBfx offers its clients, economic calendar, market reviews (although in English), some live charts (also in English), really not much more than this ...
Other information about CIBfx
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: +44 203 769 7650 ext 2
Email address: [email protected]
>>> Valuation on CIBfx <<
Ending with this section, in our opinion Do we believe that the CIBfx company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated company, it is based in (not safe) countries such as Saint Vincent and the Grenadines, when looking for other evaluations about the company we find mostly negative and unfavorable comments ...
2019 update: the CNMV, Spain's financial regulator, has issued a warning against CIBFX.com
For these reasons, we believe that CIBfx is not a recommended broker. In other words, we always recommend working only with duly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.