CIBfx is a service from CIB, Capital Investment Brokers Limited. Licensed in St. Vincent and the Grenadines and with a subsidiary in London, CIBfx offers access to online trading for clients around the world. The broker’s specialty is Forex, although it also supports trading of shares, CFDs, energies, and precious metals. Investors have access to a robust range of trading tools, including the familiar MetaTrader 4 (MT4) platform, and proprietary platforms for mobile devices and tablets. With extensive services, traders who choose to use CIBfx can have a fulfilling experience.
CIBfx Video Review
CIBfx has the dedication to exceed excellence and deliver transparent brokerage services to its clients. This broker offers many advantages leading to its strong reputation for reliability, including maintaining segregated accounts, making security its top priority, and providing VIP services for every client. The company has more than a decade of experience, during which it has maintained a solid standing by showing clients that it can be counted on at all times. The only reason that CIBfx is not as well known as some of the other highly reliable brokers is that it previously followed a boutique business model. CIBfx continues to provide personalized services and nurtures long-term relationships with clients despite the decision to welcome customers from all financial situations.
In terms of trading platforms, CIBfx offers three main platforms. Traders can opt for the established MetaTrader 4 (MT4) platform or one of the other two proprietary platforms from CIBfx – Mobile Trader and Tablet Trader. The support team at CIBfx delivers technical support for all trading platforms. It can assist clients with login issues, help set up the chosen platform, or even provide a free demo.
MetaTrader 4 Platform
MetaTrader 4, also known as MT4, is one of the platforms considered as an industry standard. It is among the best-known platforms for Forex trading, with traders and retail investors overwhelmingly selecting this platform. MT4 is noted for its user-friendly interface, a wide range of trading tools, and support for more than 30 languages to allow those around the world to use the platform with ease. MetaTrader 4 also has Expert Advisors feature that supports automated trades via an automated trading robot that meets a trader’s specific strategy and style.
Mobile Trader Platform
The Mobile Trader platform is designed to allow clients of CIBfx to trade no matter where they are at any time of the day. This platform is available for all devices, with applications for Windows OS, Android, and iOS, allowing its use on iPhones, iPads, Blackberries, Windows phones, and Androids. The mobile application is completely free of charge, along with access to over 2,000 servers of brokerage companies that use the MT4 platform. The application allows clients to manage their accounts, make trades in financial markets, and access other features.
Tablet Trader Platform
Although the Mobile Trader platform can be used on tablets as well as smartphones, CIBfx also offers a specific Tablet Trader platform for Android and iOS devices. With its compatibility with larger screen devices, it is easier to view and acting on trades is effortless. This application allows for a higher level of customization in terms of content and design, and the larger screen size makes it easier to view detailed news and instruments, updated portfolios, analysis, and contract notes.
Trade Types and Instruments
CIBfx offers a long list of trading instruments, including Forex, CFDs, indices, precious metals, futures, and shares. For Forex trading, CIBfx account holders can access more than 40 currency pairs, including majors, exotics, and crosses. Share CFDs do not include any commissions or extra fees, and there are seven Index CFDs available. Precious metal trading covers gold and silver without requotes plus the ability to go short or long.
There are three main account types offered to CIBfx clients, namely, Micro, Standard, and Executive Accounts.
The Micro Account is ideal for new traders as the minimum deposit is just $500. Spreads start at just 1 pip with a leverage of up to 1:200, a minimum trade size of 0.1 lots, and a 0.01 trade size increment. Like all CIBfx accounts, Micro Accounts include free research and daily briefings, 24/5 customer support, video tutorials, Expert Advisors (EA), a dedicated account manager, and telephone trading. Micro Account also has 5 percent stop out levels and 40 percent margin calls.
Standard Accounts are designed for experienced traders and have a minimum deposit of $1,000. Features are similar to those of Micro Accounts, but margin call is at 50 percent.
Executive Accounts are the most exclusive and comprehensive, with a $10,000 minimum deposit. The maximum leverage is 1:100 with 50 percent margin call and 10 percent stop out level.
Commissions and Spreads
CIBfx prides itself on offering highly competitive spreads and charges no additional commissions on most trading instruments. Share CFDs have a commission rate equal to 0.1 percent while futures have a commission of $10 per one lot. Traders who choose to use CIBfx will get to enjoy the following spreads (in pips):
Deposits and Withdrawals Options
Account holders can make a deposit or withdrawal with their CIBfx account in a range of ways. Deposits can be made using Visa, MasterCard, Maestro, Neteller, OK Pay, WebMoney, or bank wires. There are also a dozen YuuPay bank options. Withdrawal options are similar but without support for Neteller or OK Pay. There is no commission for a deposit, and withdrawal fees range from 0-4 percent, depending on the method chosen.
Bonus and Promotions
At the current moment, CIBfx has a 100 percent deposit bonus offer for new customers. With this bonus, the platform will double a new account holder’s initial deposit. Users only need to request the bonus before they begin trading.
Customer support from CIBfx is offered 24 hours a day, 5 days a week. There are multiple methods of contacting customer support, including live chat, over the phone, a web contact form, and social media.
Pros and Cons
Leverage of up to 500:1 for Forex
24/5 customer support
Mobile and tablet trading platforms
Three account choices
Negative balance protection
Many instruments available
Leverage of just 200:1 for most instruments
Trading only via MT4 and mobile
CIBfx is based in London, but it is a competitive global broker for trading Forex, CFDs, and other instruments. The spreads on its platform are highly competitive, and the platform offers excellent customer support. Additionally, CIBfx appeals to a wide range of clients because it offers several account types and support for multiple languages. With the current 100 percent deposit bonus promotion, CIBfx is a highly recommended platform.