CIBFX is a forex and CFD broker that is located in Vanuatu. The broker offers more than 40 currency pairs along with various CFDs, there are three types of trading accounts which are based on the minimum initial deposit. In addition to these accounts, there are Islamic accounts as well that do not involve any interest. Micro lots are also available for trade with this broker on all account types. Coming to the trading conditions, the variable spreads offered by CIBFX broker stood average at 1.0-1.5 pips on Euro/USD, leverage ratio offered is as high as 1:200 that stands average too.
The broker CIBX is an unregulated broker that has several companies behind it. One of those companies is Capital Investment Brokers Ltd., which is registered in Vanuatu and it has two subsidiaries, one is based in London called Capital Investment Brokers Ltd. and another is CIB Capital Investment Brokers Limited, which is based in St. Vincent and the Grenadines. Vanuatu and St Vincent and the Grenadines is an Offshore zone that has very minimum or no regulations regarding forex trading. Most of the scam brokers are registered here because it levies no income tax, no capital gains tax, or any inheritance tax.
If you have traded with CIBfx and believe you have been scammed by them you have a chance to get your money back. Many unregulated brokers have been found to scam traders. At Broker complaint registry it’s our job to provide you detailed CIBfx review and make sure you can fight back and get your money refunded. By filling the form you have taken the first step to recover your money.
Is CIBfx a scam or legit broker?
CIBfx has been suspected as a scam broker. We don’t recommend to trade with them and if you are trading with CIBfx contact them immediately and try to get your fund out. If the CIBfx has done the following, you have probably a victim of CIBfx scam broker.
Reason to suspect a scam broker is in action:
The broker froze your account
The broker blocked your account
You cannot login back into your account
Money has been taken out from the account
The broker doesn’t take your calls
The broker shut down his website
You noticed the broker took money out from your bank account with out your permission
The broker is offering you a bonus
The broker is offering you to fund more money into the account after you lost a large sum
Don’t give up. You can fight back and get your money refunded. Start by filling the form above and we will get in touch with you and provide you with information on how to start the process.