Welcome to CIBfx Journal
Journal status: live
CIBfx actively participating | not yet
- Website: http://cibfx.com
- Year founded: 2016
- Headquarters: SVG
- Dealing type: STP
- Minimum deposit (STP account): $ 1000
- Minimum deposit (Micro account): $ 500
- Full listing profile: CIBfx broker profile
Is CIBfx safe?
- Investor protection: no
- Regulation: not regulated
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is CIBfx trusted?
- Information transparency: sufficient
- Customer service: ...
- CIBfx website: semi-detailed, updated
- CIBfx popularity (by visitor count): low visits
How CIBfx works
CIBfx offers direct access to multiple destinations of liquidity in the Forex markets without the usual burden of intervention by a dealing desk.
The concept of using trading strategies aimed at exploiting errors in prices and/or concluding trades at off-market prices and/or by taking advantage of internet delays (commonly known as “arbitrage”, “sniping” or “scalping” hereinafter, collectively, referred to as “Arbitrage”), cannot exist in an OTC market where the client is buying or selling directly from the principal; accordingly, we reserve the right, at our sole discretion, NOT to permit the abusive exploitation of Arbitrage on our Online Trading Facility and/or in connection with our Services.
Customer acknowledges and agrees that Accounts are segregated in the CIB’s books and records only, and Customer’s funds are not FDIC-insured and are deposited with a liquidity provider selected by CIBin its sole discretion.
The Customer also understands that liquidity risk can be CIB specific due to changes in liquidity available to CIB from an CIB Custodian of funds interbank liquidity providers or specific to retail FX market makers due to a perception that the risks of the market segment has increased..
...it is important to note that, CIB prices, bid/ask spreads and liquidity will reflect the prevailing interbank market liquidity for CIB.
Should the Customer’s Account value go below the free of programming bugs that can cause trading, position keeping or any other required functionality of the Trading Platform and other relevant software applications associated with CIB including but limited to clearing, market making and escrow.
Customer is at Risk if CIB should go out of business... Customer acknowledges that in the event of insolvency, the Customer can only look to CIB for performance and return of all Collateral and Margin that the Customer may have at CIB.