SIB Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-12 17:45

Abstract：SIB, founded in 2011, is a company that offers investment services to clients. The services include encompass reception and transmission of orders, execution of orders, dealing on own account, investment advice, underwriting and placing of financial instruments, ancillary services, credit facilities, foreign exchange services, and more.

SIBReview Summary
Founded	2011
Registered Country/Region	Cyprus
Regulation	CYSEC
Market Instruments	Over 100 intrsuments, covering forex pairs, commodities, stocks, cryptocurrencies, indices
Customer Support	Phone: 357 22 41 9000
	Email: info@sib.com.cy
	Physical Address: Alpha Business Centre, 1st Floor, Block B,27 Pindarou Street, Cyprus.

SIB Information

　　SIB, founded in 2011, is a company that offers investment services to clients. The services include encompass reception and transmission of orders, execution of orders, dealing on own account, investment advice, underwriting and placing of financial instruments, ancillary services, credit facilities, foreign exchange services, and more.

Pros and Cons

Pros	Cons
ASIC & VFSC regulated	Limited customer support options
Wide range of currency pairs and trading instruments	High minimum deposit requirements
Low minimum deposit of $100	Potential for price manipulation
Four types of trading accounts to choose from	Limited withdrawal options and delays
Generous leverage up to 1:500	No Islamic trading account
Competitive spreads and low trading fees
MT4 trading platform and webtrader supported
Copy trading available
Demo account available

Is SIB Legit?

　　SIB is regulated by CYSEC. Its current status is regulated.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
Cyprus	CYSEC	SIB (Cyprus) Ltd	Market Making(MM)	066/06	Regulated

Services

　　SIB offers a lot of investment services including: reception and transmission of orders, execution of orders, dealing on own account, investment advice, underwriting and placing of financial instruments, placing of financial instruments without firm commitment, ancillary services, credit facilities, foreign exchange services,, services related to underwriting, investment research and financial analysis, advice on capital structure and mergers.