CIBfx

Trading Accounts & Conditions

CIBFX offers a range of different types of forex trading accounts, dependent on the minimum initial deposit. Additionally, there are Islamic (swap-free) account types which do not incur any swap or interest charges for overnight transactions. Micro Lots are offered for trade across any type of account.

In general, generally speaking, the spreads that are variable provided by this broker are standard, and most of them vary between 1.0 1.5 – 1.5 pips for EUR/USD. For more information find the real-time spreads for fifteen top broker here.

In terms of the leverage level, CIBFX provides leverage levels of up to 1:200 which is an average level for the forex market. If you are looking for more leverage, look up the listing of brokers with leverage levels that is 1:500 or greater. We do suggest traders be cautious when using leverage ratios that are higher since they are associated with greater risk.

The Company. Security of Funds

Established in 2005, CIBFX provides trading on more than 40 currency pairs , CFDs and precious metals. It also offers Futures using the well-known MetaTrader 4 (MT4) platform.

There are many companies behind the brand CIBFX: Capital Investment Brokers Ltd. is an Vanuatu licensed and licensed and IBC and has two subsidiaries, located in London Capital Investment Brokers Ltd. and CIB Capital Investment Brokers Limited which is incorporated St. Vincent and the Grenadines.

Vanuatu (formerly called The New Hebrides Islands) is an Offshore regulation that offers numerous tax benefits which include there is no income tax, and there is no tax on capital gains, and inheritance tax. In addition, the registration process for binary brokers and forex is quick and cost-effective.

Furthermore, the requirements for capital in this specific area are extremely low, even in comparison to other offshore destinations like Mauritius and Belize with a minimum of $2000.

The focus is not on checking compliance and consumer protection in such offshore jurisdictions. This is the reason it is important to be careful when investing in large amounts of money, we’d recommend you choose an forex broker that is licensed by UK, Cyprus, US for example which have strict regulations and compensation plans are in place that protect your investment in case your broker fails to pay its bills.

Trading Platforms

As with most broker, this is compatible with the MetaTrader 4 (MT4), the most popular choice for traders, since it is simple to use and has various technical indicators, numerous back-testing capabilities, an advanced charting software, and a wide variety of Expert Advisors (EA), that allow users to fully automate their trading. It is available in both mobile and desktop versions that include CIBFX.

Promotion

CIBFX provides a 100% welcome bonus on deposits. To withdraw this bonus traders also need to satisfy certain volume requirements for trading.

Methods of Payment

CIBFX provides its customers with the following payment methods that include credit or debit cards (Visa, MasterCard, Maestro) as well as money wire transfers, electronic wallets Neteller as well as OK PAY.

According to the website of the broker Payments are processed within one to two hours, excluding bank wire transfers, which can be delayed for up to 5 days.

Conclusion

CIBFX is an online broker that offers online trading services for forex and a range of CFDs using the well-known MT4 with reasonable terms.