FXIBA Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-27 11:17

Abstract：FXIBA is a financial company based on the UK, offering trading in currency pairs and CFDs on commodities, indices and stocks through the leading MT4 platform. However, this company is not regulated currently.

　　Note: FXIBA's official website https://www.fxiba.com/ is currently inaccessible normally.

FXIBAReview Summary
Founded	/
Registered Country/Region	UK
Regulation	No regulation
Market Instruments	Currency pairs and CFDs on commodities, indices and stocks
Demo Account	/
Leverage	/
EUR/USD Spread	3 pips
Trading Platform	MT4
Min Deposit	/
Customer Support	Tel: +442034325958
Customer Support	Email: support@fxiba.com

　　FXIBA is a financial company based on the UK, offering trading in currency pairs and CFDs on commodities, indices and stocks through the leading MT4 platform. However, this company is not regulated currently.

Pros and Cons

Pros	Cons
Various trading assets	Inaccessible website
MT4 supported	Lack of regulation
Popular payment options	High spreads
	No info on minimum deposit

Is FXIBA Legit?

　　No, FXIBA is not regulated by financial regulatory authorities in the UK. As is shown in the screenshot below, FXIBA is not regulated by FCA. Please be aware of the risks!

What Can I Trade on FXIBA?

　　FXIBA offers trading in currency pairs and CFDs on commodities, indices and stocks.

Tradable Instruments	Supported
Currency pairs	✔
CFDs	✔
Commodities	✔
Indices	✔
Stocks	✔
Bonds	❌
Bonds	❌
ETFs	❌

Account Type

　　FXIBA offers 4 types of accounts, including Silver, Gold, VIP, and Premium. Besides, swap-free Islamic accounts are also available. However, it is not clear whether a free demo account is available or not, and the details of these accounts are also not clear.

Spread

　　FXIBA offers fixed spreads. For the EUR/USD pair, the spread is 3 pips.

Trading Paltform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, desktop, mobile	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　The payment options include bank transfers, credit/debit cards, Skrill, Neteller, cashU, and MegaTransfer. However, other details such as the minimum deposit/withdrawal, the processing time, fees are not clear.