CIBfx · Company Profile
Founded In 2015, CIBfx Limited Is A Registered Broker In Saint Vincent And The Grenadines. It Does Not Hold Any Legal License, So It Is Not Safe To Invest Through This Broker. It Provides Trading Solutions And Educational Materials For Beginners And Professionals. The Broker Offers A Range Of Access Rights To Financial Instruments, Including Forex, Commodities, Indices And Cryptocurrencies. In Addition, CIBfx Offers Flexible, Account Types That Allow Clients To Choose The Account Type That Best Suits Their Trading Needs. The Broker Offers Traders MetaTrader 4 (MT4).
Market Tools
CIBfx Offers Multiple Trading Tools Across Different Asset Classes, Including Forex, Commodities, Indices, And Stocks.
One Of The Key Areas It Provides Access To Is The Forex Market, Where Traders Can Buy And Sell, Over 50 Currency Pairs, Including Major And Exotic Currencies. Traders Can Take Advantage Of Marginal Trading To Increase Leverage, Which Allows Them To Take Larger Positions In The Market With Less Capital.
The Broker Also Offers Access To Commodity Markets, Including, Precious Metals, Such As Gold, Silver, And Platinum, And, Energy Products, Such As Crude Oil And Natural Gas. These Assets Are Very Popular Among Traders. Traders Can Trade Commodities In The Following Ways, Contracts For Difference (CFDs), Using Margin Trading, And Can Make Larger Trades With Smaller Deposits. Although, Commodity Trading, Due To The Higher Risk, Is Usually Integrated Into Short-term And Long-term Strategies, Whether For Hedging Or Speculation.
CIBfx Also Provides Traders With Investment Opportunities, Indices. This Broker Allows Access To Popular Indices Such As Standard & Poor 500, Dow And Nasdaq.
Finally, CIBfx Provides Access, Stock Trading. Traders Can Buy And Sell Stocks Of Some Of The World's Largest Companies, Such As Apple, Google, BP, Facebook, Etc. Stock Trading Can Be Used For Long-term Investments And Diversification Of Portfolios.
Account
CIBfx Offers Three Real Account Types, Including Micro Account, Standard Account 1, And Standard Account 2, With Minimum Deposit Requirements Of 500 Dollars, $10,000, And $1000, Respectively. Micro Account, Is A Good Choice For Traders Who Are Just Starting Out Or Want To Test The Platform With Low Risk. Standard Account 1 Is Suitable For Experienced Traders Who Want More Flexibility In Trading. Standard Account 2 Includes Additional Features Such As A Personal Account Manager And Exclusive Market Analysis And Research, So It Is Suitable For Beginners.
In Addition, CIBfx Also Offers, No Overnight Interest Accounts. These Accounts Are For Those Who Are Unable To Earn Or Pay Interest For Religious Reasons. However, Depending On Some Restrictions, These Swap-free Forex Accounts May Not Be Charged A Fee And Will Not Earn The Interest That Comes With Supporting Forex Trading.
Leverage
CIBfx Offers Maximum Leverage Of 1:200 For Standard And Micro Accounts And 1:100 For Administrative Accounts To Clients, Which Means Traders Can Open Positions Up To 200 Times Larger Than Their Account Balance. This Feature Is Often Referred To As Margin Trading, And It Allows Traders To Increase The Potential Return On Their Investment. Leverage Amplifies Profits And Losses, So It Is Important For Traders To Understand The Risks Associated With Leveraged Trading.
Leverage Means That A Trader Can Control A Larger Position With Less Money, Which Can Allow A Trader To Open More Positions Or Make Larger Trades Than Would Otherwise Be Possible. For Example, If A Trader Wishes To Hold A $20,000 Position On A Currency Pair, A 1:200 Leverage Will Require $100 Margin. This Means That A Trader Only Needs $100 In His Account To Open A Position, And The Remaining Amount Will Be Borrowed From The Broker.
While Leverage Can Significantly Improve Your Returns, It Also Comes With Additional Risk As Losses Can Be Magnified Compared To An Account That Trades Without Leverage. Traders Must Adopt Strict Risk Management Procedures To Minimize Potential Losses, Especially When Dealing With Highly Leveraged Trades.
Spreads And Commissions
CIBfx Offers, With Spreads Starting From 1 Pip For Major Currency Pairs, Which Is A Relatively Small Spread Compared To Other Brokers In The Market. A Narrower Spread Means Lower Trading Costs And Can Increase A Trader's Profit Potential. However, It Is Important To Keep In Mind That Spreads Can Vary Depending On Market Conditions (e.g. Liquidity And Volatility).
Unlike Some Other Brokers, CIBfx Does Not Charge Any Commission For Its Trading Accounts. This Means That Traders Can Open Positions Or Position Squaring Without Paying Any Additional Fees Above The Spread. Instead, Brokers Generate Revenue By Charging The Spread. This Structure Can Be Beneficial For Traders Who Want, To Avoid Additional Commission Costs, Especially For Those Who Trade Frequently Or With Large Volumes.
Trading Platform
CIBfx Offers The Popular And Widely Used MT4 Trading Platform To Its Clients. MT4 Is A Powerful Forex Market Trading Platform That Provides Traders With Advanced Charting Tools, Customizable Indicators And Real-time Data Analytics Capabilities. Known For Its User-friendly Interface And Intuitive Design, The Platform Makes It Easy For Traders Of All Levels To Navigate And Use.
One Of The Main Features Of The Mt4 Platform, CIBfx, Is Its Ability To Fully Facilitate, Automate Trading, Through, The Use Of Expert Advisors (EAs). EAs Are Computer Programs That Can Analyze Market Data And Automatically Execute Trades Based On Preset Rules And Parameters. This Feature Enables Traders To Take Advantage Of Market Opportunities Without The Need To Constantly Monitor The Market.
In Addition To Advanced Charting And Analysis Features, The MT4 Platform Offers CIBfx That Also Allows Traders To Execute Trades Quickly And Easily. The Platform Supports One-click Trading, Which Executes Trades In Real Time, Ensuring Traders Can Take Advantage Of Market Opportunities As They Arise.
Trading Tools
CIBfx Provides An Economic Calendar, Forex Exchange Rates, Forex Heatmaps, Technical Analysis And Interest Rates.
One Of These Tools Is Its, Economic Calendar, Which Provides Up-to-date Information On Important Economic Events And Indicators That May Affect Financial Marekts. Traders Can Use This Tool To Plan Their Trades Based On Upcoming Market Volatility Events And Adjust Their Strategies Accordingly.
Another Useful Tool Provided By CIBfx Is Its, Forex Exchange Rate Monitor, Which Allows Traders To Track Real-time Currency Exchange Rates In Real Time. This Tool Can Help Traders Stay On Top Of Market Trends And Make Informed Decisions About When To Enter Or Exit A Trade.
CIBfx Also Offers Forex Heat Maps, Which Provide A Visual Representation Of The Strength Or Weakness Of A Currency Over A Specified Period. These Heat Maps Can Help Traders Identify Potential Trading Opportunities Based On Currency Movement Trends.
In Addition To Market Analysis Tools, CIBfx Also Offers Technical Analysis, A Resource For Traders. This Includes Charting Tools And Technical Indicators That Can Be Used To Identify Patterns And Trends In Market Data, As Well As To Establish Entry And Exit Points For Trading.
CIBfx Provides Information About Interest Rates, Which Can Be A Key Factor In Determining Currency Values And Market Movements. Traders Can Use This Information In Their Analysis And Decision-making Processes, Especially When Trading Interest Rate-sensitive Currency Pairs.
Overall, The Trading Tools Offered By CIBfx Can Be A Valuable Resource For Traders Who Want To Stay On Top Of Market Trends And Make Informed Trading Decisions. The Combination Of Economic Data, Real-time Foreign Exchange Rates, And Technical Analysis Tools Can Help Traders Develop Effective Trading Strategies And Manage Risks Effectively.
Deposits And Withdrawals
CIBfx Accepts Its Traders To Fund Their Accounts Through Visa, MasterCard, AstroPay, As Well As Bank Transfers.
One Of The Most Popular Options Is To Make Deposits Using Visa Or MasterCard Credit Or Debit Cards. This Is A Quick And Easy Option, And Deposits Are Usually Credited Immediately To The Customer's Account. However, It Is Worth Noting That Some Credit Card Providers May Charge Additional Fees For Withdrawing Funds From A Trading Account, So Customers Should Check With Their Respective Banks Before Proceeding With The Operation.
Another Popular Payment Method Offered By CIBfx Is Astropay. This Is A Virtual Payment Card That Can Be Purchased Online And Then Used To Transfer Funds Into A Trading Account. The Main Advantage Of Astropay Is That It Is A Secure Payment Method That Provides Customers With Greater Anonymity Compared To Other Payment Methods.
For Customers Who Prefer Traditional Payment Methods, CIBfx Also Accepts Bank Transfers. This Is A Labor-intensive Option, As Customers Typically Have To Wait Several Business Days For Their Deposits To Be Processed. However, Bank Transfers Are Generally Considered A Safe And Secure Money Transfer Option, Especially For Large Deposits.
Fees
As A Broker, CIBfx Charges A Fee For Some Of Its Services. Customer Accounts That Have Not Traded, For A Period Longer Than 30 Calendar Days, Will Be Considered Dormant By The Company. This 30-day Period Shall Be Calculated From The First Day After No Transactions Have Been Made During The 30-day Period. Any New Trading Account That A Customer Requests A Withdrawal Before The First 30 Calendar Days Of Its Operation Will Be Considered Dormant By The Company And Will Be Subject To A $150 Monthly Dormant Fee. The Company May, At Its Discretion And Over Time, Deduct Amounts Per Month And/or Over An Extended Period Of Inactivity. In Addition, The Application Of Hibernation Fees Is Retroactive.
Client Server
This CIBfx Can Obtain Customer Support Through Live Chat As Well As Some Social Media Platforms Including Facebook, Twitter, Instagram, LinkedIn And Youtube.
Education
CIBfx Offers A Range Of Educational Resources Designed To Help Traders Improve Their Trading Skills And Knowledge. One Such Resource Is Its, Trading Glossary, Which Provides Definitions And Explanations Of Key Trading Terms And Concepts. This Is Particularly Useful For New Traders Who May Not Be Familiar With Some Trading-related Terminology, As Well As Experienced Traders Who Want To Update Their Knowledge.
In Addition To Its Glossary Of Trading Glossary, CIBfx Offers A Range Of Educational Videos Covering A Wide Variety Of Topics Related To Trading. These Videos Cover Everything From Basic Trading Concepts To Advanced Trading Strategies And Are Presented In A Way That Is Easy To Understand And Suitable For Traders Of All Levels Of Experience.
In Addition To These Resources, CIBfx Offers Clients A Range Of Trading Tools As Well As Real-time Market Data And News. This Is Particularly Useful For Traders Who Want To Stay On Top Of Market Trends And Make Informed Trading Decisions.
