SIB-Some important Details about This Broker
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.
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