Is CIBfx a legal platform?

https://cibfx.com/

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.

Moreover, the United Kingdom Financial Conduct Authority (FCA) issued a warning against CIBfx for providing financial sevices and products without authorization and regulation. You can check the full warning from here.

The truth is, CIBfx is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like CIBfx and trade with licensed brokers.