CBF Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-06 13:53

Abstract：CBF offers market instruments such as forward contracts, futures contracts, options contracts and swaps. CBF offers a maximum utilization of 1:500 Forex double and 1:200 other products. The minimum deposit is $100 and the withdrawal fee is $5. The company's trading platform is Meta Trader 4.

CBF Review Summary
Founded	2020
Registered Country/Region	United Kingdom
Regulation	Clone
Market Instruments	Forwards, Futures, Opions, Swaps
Demo Account	Unavailable
Leverage	1:500 (forex), 1:200 (other products)
Spread	0.2 pips for forex, 0.5% for stocks
Trading Platform	Meta Trader 4
Min Deposit	$100
Customer Support	Phone: +44 2031295420
Customer Support	Email: info@cbfforex.com

CBF Information

　　CBFoffers market instruments such as forward contracts, futures contracts, options contracts and swaps. CBF offers a maximum utilization of 1:500 Forex double and 1:200 other products. The minimum deposit is $100 and the withdrawal fee is $5. The company's trading platform is Meta Trader 4.

Pros and Cons

Pros	Cons
Regulated by the Financial Conduct Authority	Reported as clone
Maximum leverage of 1:500 on forex pairs	Unaccessible website
Meta Trader 4 trading platform available	Limited Customer Support channels
Access to a network of ATMs for some Savings Accounts	Minimum deposit requirement is as high as $100

Is CBF Legit?

　　CBF is regulated by the UK Financial Conduct Authority (FCA, license number 466201), but this is reported as a clone.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number
	FCA	Axi Financial Services (UK) Limited	Market Making(MM)	466201

What Can I Trade on CBF?

　　CBF offers traders the opportunity to have access to Forwards, Futures, Opions, Swaps contracts.

Tradable Instruments	Supported
Forwards	✔
Futures	✔
Opions	✔
Swaps	✔
Binary Options	❌
Mutual Funds	❌

Account Types

　　CBFoffers three live account types, namely Current accounts, Savings accounts, and Type C accounts.

　　The Current Account offered by CBF is a basic account with no monthly fees.

Leverage

　　CBF offers a maximum leverage of 1:500 on forex pairs and 1:200 on other products.

CB Fees

　　The spread of the CBF forex pair is usually around 0.2 points, and the spread of the stock pair is usually around 0.5%.

　　CBF does not charge commissions on most of its trading products, but charges a commission of $10 per round of trading on futures contracts.

　　CBF has a minimum deposit requirement of $100.

Trading Platform

　　Meta Trader 4 is a popular one chosen by CBF to serve clients.

Trading Platform	Supported	Available Devices	Suitable for
Meta Trader 4	✔	Windows, MAC, IOS, Android	Investors of all experience levels

Deposit and Withdrawal

　　CBF allows deposits and withdrawals via bank transfers, credit and debit cards. There is no fee for depositing funds into a CBF account, but there is a $5 fee for withdrawing funds. The minimum daily deposit is $100 and the maximum daily withdrawal is $10,000.