CIBfx Journal

Journal status: live
CIBfx joined in | not yet
CIBfx Profile
Website
Year
2016
Country
SVG
Branches
2
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Austria, Bangladesh, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Indonesia, Iran, Ireland, Israel, Italy, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Netherlands, Pakistan, Poland, Portugal, Romania, SVG, Slovakia, Slovenia, Spain, Sweden, Syria, US
Broker type
STP
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
...

CIBfx Accounts
STP
Minimum Deposit
1000 $
Leverage
200 : 1
Minimum Lot
0.01 lots
EURUSD spread
0.6 pips
Commission
0 $/lotRT
Volume
50 lots
Margin Call
50 %
Stop Out
5 %
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, AstroPay
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 1 months
Update broker

Is CIBfx safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: FSA SVG
  • Publicly traded: no
  • 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.



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