Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
CIBFX Pros & Cons
- Offers a wide range of trading instruments.
- Supports mobile and desktop trading platforms via MT4.
- Free analytics, market reviews, and research.
- 24-hour client support when markets are open.
- Floating spreads with no additional commissions.
- High minimum deposit requirements.
- A limited range of spot metals.
- There is no online support via chat.
CIBFX is a Forex and CFD broker established in Saint Vincent and the Grenadines in 2015. The broker offers clients access to over 300 financial instruments with leverage ranging from 1:100 to 1:200, depending on the account type. CIBFX uses market order execution and operates under the Straight Through Processing (STP) model. While it lacks proprietary trading platforms, CIBFX provides the widely-used MetaTrader 4 platform. Copy trading and algorithmic trading with Expert Advisors (EAs) are permitted, while scalping and arbitrage are prohibited. CIBFX offers access to the over-the-counter (OTC) Forex market and supports trading CFDs on cryptocurrencies, stocks, futures, ETFs, and commodities. The broker offers both demo and live accounts, including micro accounts.
TU Expert Verdict
CIBFX carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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CIBFX User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of CIBFX have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- No inactivity fee
- No deposit fee
- No withdrawal fee
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of CIBFX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, CIBFX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
CIBFX Standard spreads CIBFX OANDA FOREX.com EUR/USD min, pips 0.6 0.1 0.7 EUR/USD max, pips 1.3 0.5 1.2 GPB/USD min, pips 0.9 0.1 0.9 GPB/USD max, pips 1.8 0.5 1.4 Does CIBFX support RAW/ECN accounts?
As we discovered, CIBFX does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with CIBFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
CIBFX Non-Trading Fees CIBFX OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is CIBFX Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria3.7 /10CIBFX has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
CIBFX Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level Abbreviation MISA (Mwali) Full Name Mwali International Services Authority Country of regulation The Comoros Investor Protection Fund No specific fund Regulation Level Tier-3 CIBFX Security Factors Foundation date - Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.6 /10CIBFX offers the following account options: Demo, Standard, Micro.
CIBFX covers the core account types, making it convenient for traders with different preferences and strategies.
- Demo account
- Forex account with Micro lots
- Standard account with balanced trading conditions
- No Cent account
- No Swap Free account
CIBFX account types vs top competitors CIBFX Trading.com Plus500 Standard YesYesYesECN/Raw spread NoNoNoDemo YesYesYesCent NoNoNoMicro YesNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoCIBFX accounts trading conditions
CIBFX offers three account types. Standard accounts are further divided into Standard 1 and Standard 2 for better clarity and simplicity regarding their conditions.
Account Type Description Micro Account with a minimum deposit of $500. This account enables trading currency pairs and metals. The maximum leverage is 1:200. Standard 1 This is an account traders can use to trade Forex, metals, commodities, and some types of stock CFDs. The maximum leverage is 1:200. The minimum deposit is $1,000. Standard 2 This account requires a minimum deposit of $10,000. Leverage is up to 1:100. This account provides access to the largest number of assets. In addition to the assets available on Standard 1, you can also trade cryptocurrencies, ETFs, and futures. Each live account can be converted to an Islamic (swap-free) account, but only for Muslim traders who, per Sharia law, cannot profit from or incur losses based on interest. Clients can open additional accounts denominated in USD or EUR. When opening an account, leverage is automatically set after depositing funds; it cannot be pre-selected.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.3 /10CIBFX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
CIBFX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No deposit fee
- Low minimum withdrawal requirement
- Bank wire transfers available
- No withdrawal fee
- Only major base currencies available
- Limited deposit and withdrawal flexibility, leading to higher costs
- Wise not supported
What are CIBFX deposit and withdrawal options?
CIBFX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, BTC, USDT, Ethereum.
CIBFX Deposit and Withdrawal Methods vs Competitors CIBFX Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal YesNoYesWise NoNoNoBTC YesNoNoWhat are CIBFX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. CIBFX supports the following base account currencies: USD, EUR.
What are CIBFX's minimum deposit and withdrawal amounts?
The minimum deposit on CIBFX is $500, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact CIBFX’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria7.8 /10CIBFX offers a limited selection of trading assets compared to the market average. The platform supports 500 assets in total, including 60 Forex pairs.
- 60 supported currency pairs
- Crypto trading
- Commodity futures are available
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by CIBFX with its competitors, making it easier for you to find the perfect fit.
CIBFX Trading.com Plus500 Currency pairs 60 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 500 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products CIBFX offers for beginner traders and investors who prefer not to engage in active trading.
CIBFX Trading.com Plus500 Bonds NoNoNoETFs YesNoYesCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at CIBFX by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We successfully registered an account with CIBFX in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at CIBFX is $500. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fast registration time (up to 15 minutes)
- Fully online account opening process
- Quick KYC verification (1 business day or less)
- Account setup process may feel less convenient for beginners
CIBFX account opening CIBFX Trading.com Plus500 Online Registration YesYesYesMinimum deposit $500 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 7 20 KYC time (days) 1 2 3 Is CIBFX available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To open an account with CIBFX, follow these steps:
Go to the company’s official website and select your preferred interface language.
Choose the account type you want to open and start the process by clicking "Click Here."
Fill out the form by providing minimal information, such as first and last name in your documents, phone number, and email address. Then, create a password.
Specify the country where you reside and pay taxes. If your country is not on the list, you won’t be able to open an account.
Log in to your account using the email and password. Upload the required documents, and once verified, deposit funds using your preferred method.
Additional features of the CIBFX user account allow traders to:
- Open additional live and demo accounts.
- Change login password.
- Deposit, withdraw, and transfer funds between accounts.
- Access educational videos, the economic calendar, and daily market reviews.
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Customer Support
Score:We evaluated Customer Support at CIBFX by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria1.9 /10CIBFX demonstrates a low level of customer support reliability. Contacting support can be difficult, and responses may be significantly delayed or incomplete.
During testing, managers were slow to respond or failed to provide sufficient assistance. Such a support level may create risks for traders who require timely issue resolution.
InformationTraders have access to 24-hour support.
- Support is active in English, Portuguese, and Spanish.
- 24-hour support is available from Monday to Friday.
- Personal account managers for client assistance.
- There is no live chat on the website.
- Slow email response times.
- No support is available via messaging apps.
Communication channels available are:
- Call center phone line.
- Email.
- Feedback form on the website.
Social media profiles on Facebook, X (formerly Twitter), and Instagram are available for additional support.
Contacts Regulation MISA Licence number:
T2023181Official site https://cibfx.com/en/ Contacts support@cibfx.com
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FAQs
How do reviews describe CIBFX’s regulation and overall safety level?
CIBFX has a safety score of 3.7/10, which corresponds to a low security level in the reviewed methodology. It is regulated by the Mwali International Services Authority (MISA) in The Comoros, a Tier-3 regulator, and offers negative balance protection and KYC verification, but it is not Tier-1 regulated and has a track record of less than 8 years, which may increase regulatory and longevity risks compared with more established institutions.
What types of trading accounts are available and how do their conditions differ?
CIBFX offers Demo, Micro, and Standard accounts, with the Standard category split into Standard 1 and Standard 2 for clearer conditions. The Micro account has a $500 minimum deposit and up to 1:200 leverage, Standard 1 requires $1,000 with up to 1:200 leverage and access to Forex, metals, commodities, and some stock CFDs, while Standard 2 requires $10,000, offers up to 1:100 leverage, and adds cryptocurrencies, ETFs, and futures; all live accounts can be converted to Islamic (swap-free) accounts for eligible Muslim traders.
What do user reviews and feedback indicate about overall satisfaction with CIBFX?
CIBFX has a user satisfaction score of 6.4/10 based on 5 reviews, with ratings distributed as 20% 5-star, 60% 3-star, and 20% 2-star, and no 1-star or 4-star reviews. According to user reviews, this distribution suggests a mixed overall impression, with many users expressing average experiences rather than strongly positive or negative views.
What deposit and withdrawal options and limits are mentioned in reviews of CIBFX?
CIBFX supports deposits and withdrawals via bank cards, bank wire, PayPal, BTC, USDT, and Ethereum, with no withdrawal fee and a low minimum withdrawal requirement noted as advantages. The broker accepts only USD and EUR as base account currencies, does not support Wise, and the minimum deposit is stated as $500 while the minimum withdrawal is $1, though specific variations by method or account type are not detailed in the section.
What do reviews say about CIBFX customer support availability and communication channels?
CIBFX’s customer support is described as having a low reliability level, with reports of slow responses and sometimes insufficient assistance. Support is available 24 hours from Monday to Friday in English, Portuguese, and Spanish via phone, email, and a website feedback form, with additional presence on social media, but there is no live chat or messaging app support.
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