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Sanction
CA FINTRAC
2023-12-07
| CIBC Review Summary | |
| Founded | 2015 |
| Registered Country/Region | United Kingdom |
| Regulation | FCA (Suspicious Clone) |
| Trading Products | Commodities, Derivatives, Electronic Equities, Equities, Fixed Income, Forex |
| Services | Global Corporate & Investment Banking, Global Transaction Banking, Sustainable Finance, and Indigenous Financing & Advisory |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | / |
| Minimum Deposit | / |
| Customer Support | Phone: 1 800-465-2422 |
| Social Media: Facebook, YouTube, LinkedIn | |
CIBC Information
Founded in 2015, CIBC World Markets PLC is a UK-registered company offering a wide range of financial products and services including commodities, derivatives, equities, fixed income, and forex trading, as well as global corporate banking, transaction banking, sustainable finance and advisory services.
Pros and Cons
| Pros | Cons |
| A variety of financial products | Limited info on account features |
| Unclear fee structure | |
| No info on deposit and withdrawal |
Is CIBC Legit?
CIBC World Markets PLC is a company regulated by the Financial Conduct Authority (FCA) in the United Kingdom and holds an Investment Advisory Licence under 176515 license. However, the company has been labeled as a “suspicious cloning company”, which means that its legitimacy and authenticity may be questioned.
In addition, the permit expired on December 21, 2020, which further increased doubts about its current operational status and compliance with regulatory requirements.
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
 | Financial Conduct Authority (FCA) | Suspicious Clone | CIBC World Markets PLC | Investment Advisory License | 176515 |
What Can I Trade on CIBC?
CIBC offers a wide range of tradable products, including Commodities, Derivatives, Equities, Fixed Income, and Forex.
| Trading Instruments | Available |
| Commodities | ✔ |
| Derivatives | ✔ |
| Equities | ✔ |
| Fixed Income | ✔ |
| Forex | ✔ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
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