Forex CIBFX Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

CIBFX Trading Conditions

Registered Region Indonesia

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number N/A

Website www.cibfx.co.id

Balanced Review

Pros & Cons

Pros

Utilizes MetaTrader 4 platform for trading
Diverse trading instruments including forex and commodities
Offers demo account for practice trading
Accessible customer support via email and live chat
Flexible account types for different trader levels

Cons

Not regulated by any recognized financial authority
Limited trading instruments available
No specified minimum deposit requirements
Lack of transparency regarding spreads and commissions
Potential additional fees for deposits and withdrawals

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	CIBFX	CFForex	Mahadana	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Indonesia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does CIBFX Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and retail traders	Access to forex and commodities trading	Suitable for small-capital practice
Professional Account	Experienced traders	Potential for higher leverage and advanced trading tools	Requires demonstration of trading experience
Demo Account	All trader levels	Practice trading without financial risk	Useful for testing strategies and the trading platform

Account Opening Process

To open an account with CIBFX, traders must complete several steps. Initially, personal information, employment details, and financial information must be submitted to the broker. Identity verification is also required, which typically includes providing a valid ID and proof of address. Once the basic requirements are met, traders can open an account and may have the flexibility to upgrade to a professional account later based on their trading experience and volume.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Competitive	Varies	Spreads not specified for individual pairs
CFDs (Stocks, Indices, Commodities)	Competitive	Varies	Specific spreads not disclosed
Cryptocurrencies	Competitive	Varies	Spreads depend on market conditions

Other Fees

Traders should be aware of potential additional costs when using CIBFX. These may include deposit and withdrawal fees, inactivity fees, and platform usage fees, if applicable. Overnight interest rates (swap rates) may apply for positions held overnight, and currency conversion fees could be incurred when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

CIBFX User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Andi S.

Jakarta

★ ★ ★ ★ ★

I had a frustrating experience with CIBFX. My withdrawal requests took longer than expected, and I struggled to get timely support. It’s concerning to trade with a broker that lacks regulation.

Rina T.

Surabaya

★ ★ ★ ★ ★

CIBFX’s platform is user-friendly and I appreciate the variety of trading instruments available. The demo account was helpful for practicing strategies. Overall, a solid experience so far.

Budi W.

Bandung

★ ★ ★ ★ ★

I regret choosing CIBFX. They don’t have a clear policy on withdrawals, and I faced issues with my funds. The lack of regulation is a huge red flag.

Siti A.

Medan

★ ★ ★ ★ ★

I’ve been trading with CIBFX for a while, and I find their MetaTrader 4 platform very effective. The speed of execution is impressive, and I’ve had no major issues with my trades.

Indonesia Market