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Cyber FX -

Score

1.53 /10
Danger

Cyber FX

South Africa

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.cyber-fx.com

Influence

D

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Comparison

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Score

Regulatory Index0.00

Business Index7.16

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Cyber FX · Company summary

General Information & Regulation

Cyber FX is an online forex trader offering investors access to forex, indices, stocks, and other trading assets.CyberFX is headquartered in South Africa, with offices in Durban and Zambia. CyberFX claims to be regulated by the South African Financial Conduct Authority but does not provide any details of the regulatory number.

Market Instruments

Cyber FX offers investors a range of trading assets, including forex currency pairs, indices, JSE Stocks, cryptocurrencies, metals, and offshore stocks.

Minimum Deposit

To meet different investors' investment needs and trading experience, CyberFX offers four different types of trading accounts, the Mini Account (minimum deposit of $100), Islamic Account (minimum deposit of $1000), the Standard Account (minimum deposit of $1000), and VIP Account (minimum deposit of $5000). The minimum lot size is 0.01 for Mini and Islamic accounts and 0.1 for the VIP account.

Cyber FX Leverage

When it comes to trading leverage, the maximum leverage offered by Cyber FX for forex trading is up to 1:100. Many professional traders may think this is the conservative leverage, however, inexperienced traders are not advised to use too high trading leverage, as it can amplify returns as well as losses.

Spreads & Commissions

There is no extensive information about spreads and commissions on the Cyber FX platform, only that all accounts come with floating spreads. After testing the demo account, we can see that the minimum spread is 0.1 pips, and there are no trading commissions, which seems impossible and is probably a trick to attract new investors.

Trading Platform

Cyber FX offers traders the market-leading and highly acclaimed MT4 trading platform, a user-friendly trading software with advanced charting tools and data analysis tools. Besides, MT4 also supports EA automated trading, allowing traders to develop suitable trading strategies to help them get ahead in the financial markets.

Deposit & Withdrawal

Cyber FX offers a deposit bonus program that traders who deposit a minimum of $250 will have the opportunity to receive a credit bonus, which cannot be withdrawn from their account. There are no details about the deposit and withdrawal fees.

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FX1402277702
more than one year
I am very happy with Cyber FX. I have been working with the company for a few months now and I see consistent results every month. I like how professional and helpful they are. I have been explained everything to the smallest details. I like the way they take care of my capital. Excellent job. Keep it up.
I am very happy with Cyber FX. I have been working with the company for a few months now and I see consistent results every month. I like how professional and helpful they are. I have been explained everything to the smallest details. I like the way they take care of my capital. Excellent job. Keep it up.
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2023-03-21 16:12
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FX1337020072
more than one year
I am here with Cyber FX for almost a year trading in full stance until my account was stopped out last month. There is no such margin call on equity. There is no such zero or negative equity as the term defines.
I am here with Cyber FX for almost a year trading in full stance until my account was stopped out last month. There is no such margin call on equity. There is no such zero or negative equity as the term defines.
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2023-03-13 10:42
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