The UK FCA Added CIBfx into Its Warning On 20 June 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that CIBfx is providing financial services or products in the UK without their authorisation. You may visit: https://www.fca.org.uk/news/warnings/cibfx

BrokersView has Reviewed that CIBfx is an Unregulated Forex Broker CIBfx is not a reliable broker for traders even though it states offers that look good to be true. CIBfx claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 24120IBC2018. We do find a match result to CIBfx in SVG FSA. But SVG FSA is not a regulatory body that issues licenses for forex trading or regulates entities offering forex services. Having registration does not mean having any valid regulations.Besides, CIBfxc shows its business certificate issued by the Companies House of the United Kingdom (CH). We also find a match result to CIBfx in CH. However, CH is the United Kingdom's registrar of companies which has no legit rights to regulate any forex activities. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. We did searching in FCA and only found this firm had already been warned by FCA for providing financial services without authorization.That means CIBfx is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Can anyone tell me if CIBFX's spreads are OK? Dear Investor, We do not recommend using the CIBFX platform, as its regulatory status and overall compliance are highly questionable. CIBFX claims to be a regulated broker but provides no verifiable regulatory details, not even its legal entity name. The only information that we could know is that it may be registered in Saint Vincent and the Grenadines (SVG). However, when we searched the Financial Services Authority (FSA) of SVG using the brand name CIBFX, we found no matching records, making it impossible to confirm whether any registration exists at all. Even if a registration were found, it would likely only be an International Business Company (IBC) status, which does not equal to a financial or forex trading license. Importantly, the SVG FSA does not regulate forex trading activities, so such a registration offers no investor protection. Given the lack of regulatory information, CIBFX appears to operate without proper authorization. We strongly advise you to refrain from using this platform but only choose those under strict regulation. View Source

How many deposits should I make when opening a new account? CIBfx is a non-regulated broker we advise against trading with, despite the seemingly attractive deals it offers.Although CIBfx's claim that it is registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) and with Mwali International Services Authority (MISA) is real, one must keep in mind that both agencies neither issue forex licenses nor regulate entities engaging in such activities. Therefore, any service or product for trading forex offered by CIBfx is illegal. Once your money is deposited into this platform, there are no safeguards to protect it. In addition, the Financial Conduct Authority (FCA) has issued a warning against CIBfx for providing financial products or services without proper authorization. You can access the full warning here.Regarding your question, we strongly suggest you avoid dealing with CIBfx since it is not regulated by any governing body. Investing or trading with this broker would pose significant risks including loss of funds and identity theft, which could be financially and personally devastating. As such, we would recommend staying away from unregulated brokers like CIBfx and choosing fully regulated ones instead. View Source