For the past few years, majority of the retail Forex market has been occupied by a group of top brokers. They all are providing more or less same conditions to the traders. That’s why we always appreciate when someone new joins the party as they usually come up with new and innovative ideas and support. Today we are conducting a CIBfx Broker Review to find out what differences they are going to bring in the retail Forex trading market. The following article is the official CIBfx Broker review conducted by Forexing24 team.
CIBfx Broker at a glance:
CIBfx Broker Overview:
The Capital Investment Brokers Limited (CIBFX Broker) is a broker being operated from United Kingdom. This broker has been providing trading solutions both novice and experienced traders. There are both sophisticated trading environment for professional traders and simple trading conditions for the novice Forex traders. Another important thing is that the CIBFX Broker offers direct access to multiple destinations of liquidity in the Forex markets without the usual burden of intervention created by a dealing desk.
As stated by CIBfx top management, CIBFX Broker strives to satisfy the clients’ financial needs. They likes to establish long term relationship with clients and become a fundamental factor in helping them reach their financial trading success. The main focus of CIBFX Broker will be to bring the best service to the clients through a variety range of methods. These methods includes: technological platforms, specific products, educational material, various account opening options and the best personalized services available in the market.
CIBfx Broker Review: Trading Platforms
While trading with CIBfx Broker, you will have option to trade with 3 types of trading platforms. These platforms are:
- MT4 Trading Platform
- Mobile Trading App
- Tablet Trading Platform
MT4 Trading Platform
CIBfx broker offers the traders to trade with the highly acclaimed Metatrader 4 or MT4 trading platform. This platform is commonly referred to, is one of the most renowned and widely used Forex trading platforms around today. No matter with which broker you like to trade, it is definitely the first choice among retail investors and traders alike and the benchmark platform among brokers.
Mobile trading platform
CIBfx Broker has made mobile trading apps for all kind of smartphones. They have apps for windows phones, androids and I-phones. With the mobile trading devices, you can have access to the Forex trading market whenever you want, provided that you are connected to an internet network.
Tablet Trading Platform
CIBfx Broker has a different trading platform for Tablet devices. Currently, they have trading app for both Android and Apple operating systems.
CIBfx Broker Review: Trading Account Options
In this CIBFX Broker Review, we would like to highlight the account opening options and their features in brief. Currently, CIBFX broker has 3 Account Opening Options for traders. They are:
- Micro Account
- Standard Account
- Executive Account
Micro trading Account
Micro trading accounts is created for the new comer in Forex Trading. If you trade with this type of account you have the chance to generate significant amount of profits with a relatively low level of risk. That’s not all! Mocro account requires very low minimum initial deposit to open. You can open a Micro trading account with only $50 deposit.
Standard Trading Account
CIbfx Broker has created Standard Account is especially for experienced and professional traders with a more in-depth knowledge of the financial markets. If you have experience of trading in Forex market for a while, the STANDARD account will an ideal choice for you. However, one must deposit at least $1000 to open an account like this.
Executive Trading Account
For large scale traders and business traders, CIBFX broker has an executive trading account solution. This account may offer you a potentially bigger financial opportunity. You can trade with the large trading volumes with a minimum initial deposit of $ 10,000.
CIBfx Broker Review: Trading Account Comparison
|Trading Condition||MICRO ACCOUNT||STANDARD ACCOUNT||EXECUTIVE ACCOUNT|
|Spreads||From 1 pip||From 1 pip||From 0 pip|
|Minimum trade size (Lots)||0.01||0.01||0.01|
|Trade size increment||0.01||0.01||0.01|
|Expert Advisors (EA)||YES||YES||YES|
|Stop Out Level||5%||5%||10%|
CIBfx Broker Review: Trading Instruments
CIBfx Broker has 4 broad range of asset classes for trading. These asset classes are:
- Precious Metals
Deposits and Withdrawals
While trading with CIBfx Broker, you get a wide range of deposit and withdraw options for your account. You can use one of the following methods for both deposit and withdraw funds in CIBFX Broker.
- Bank Transfer
- Bank Cards
- Online Payment Systems
Let’s compare these Deposit and withdraw methods:
|Method||Currency||Commission||Depost Period||Withdraw Period|
|Bank Transfer||EUR, USD||No Commission||2-3 working days||2-3 working days|
|YuuPay||INR, CNY, RON, MYR, HKD, BGN, RUB, PLN,||No Commission||2-5 working days||5-7 working days|
|VISA||EUR, USD||No Commission||1 Hour||24 Hours|
|MasterCard||EUR, USD||No Commission||1 Hour||24 Hours|
|Maestro||EUR, USD||No Commission||1 Hour||24 Hours|
|Online Payment Systems|
|NETELLER||EUR, USD||No Commission||2 Hours||3-6 Days|
|OK Pay||EUR, USD||No Commission||1 Hours||3-6 Days|
CIBfx Broker Partnership Options
You can grow your brand and expand your business with the comprehensive partnership packages CIBfx Broker Ltd.
Introducing Broker (IB Program)
The IB partnership program of CIBFX Broker is very much beneficial for Forex affiliate marketers. CIBfx is allowing IBs to focus entirely on their business and earning commissions.
While Label Partnership
The CIBfx broker has a simple White Label partnership program. This white label program is designed to enable regulated financial institutions with a license to hold client funds to expand their business worldwide.
CIBfx Broker Review: Additional Client Services
Beginers Guide to Forex Trading
There are plenty of beginner level and advanced level free training courses in the website of CIBFXBroke. There are some articles and videos to guide you.
They arranges regular webinars to help people learn Forex Trading. You can register for the webinars and wait for the next webinar to start.
Financial News Update
CIB Broker regularly updates their website with news regarding new and upcoming events that may have an impact on global currency market.
Daily and Weekly Market Update
The Forex analysts and experts are working with CIBFX Broker, regularly providers market analysis reports and post those in their website. The visitors of the site can have a look at the daily report to determine how the market will behave under different market situations.
CIBfx Broker always keep an updated Economic Calendar in the website so that the trader is able to know that news may come in the future and what effect it can have on forex market.
Bonus and Promotional Offers
Righ now, CIBfx Broker has 2 different bonus and promotional offers for the clients. They are:
- Welcome Bonus
- 100% Cash Bonus
CIBfx Broker is offering all the new clients a trial account with “welcome bonus” offer as credit. You can open a trial account and join the bonus offer to experience the fun of live trading.
100% Cash Reward
Just deposit funds to your trading account and receive 100% trading credit bonus. Join our special program cash reward program.
No Deposit Bonus:
Here are the conditions of No deposit Bonus:
Summery of features: Pros and Cons
While conducting CIBFX Broker review, we found some good aspects and some difficulties with the broker. Now that we have learned about CIBFX broker, let’s summarize all the pros and cons:
- Access to Forex, precious metals, CFDs, and Futures all from one account on multiple platforms
- Instantaneous execution, no confirmation delays.
- Fast execution on every order type
- The price you see, the price you will get
- Tight spreads even at higher trading volumes
- Low variable spreads starting from 1 pip
- Regular Technical analysis & real – time charting tools.
- Same conditions on both demo and live platforms.
- User friendly and transparent account statements.
- Strict Security Policy
- Providing VIP trading service for all clients
- Liquidity consistancy under all market conditions.
- 24/5 Support Service
- US. citizens aren’t taken as clients.
- No regulation recognized regulator authorities
- E-currency withdraw takes a long time
CIBfx Broker Review: The Bottom Line
While conducting CIBFX broker review, we had to go thourgh all the trading aspects and conditions provided by the broker. To us, the Broker seemed to be a promising broker with good trading conditions and low spreads. But, we think they still have to improve some matters. They might consider to take regulation from some international financial authorites.