Rating Index
Pros
Pending FSCA authorization, which provides a level of credibility.
Supports the popular MetaTrader 4 platform, offering advanced trading features and tools.
Low minimum deposit requirement of $100, making it accessible for new traders.
Cons
Currently does not have its own license, operating under a key representative of another company.
Trading conditions, including spreads and commissions, are not fully disclosed, raising transparency concerns.
Demo account spreads appear unrealistic, suggesting that live account conditions may be less favorable.
Cyber FX broker Accounts
Cyber FX Account Type
Cyber FX offers four different types of trading accounts to cater to various trading preferences and capital requirements:
- Mini Account
- Minimum Deposit: $100
- Leverage: Up to 1:500
- Spreads: Variable spreads available
- Islamic Account
- Minimum Deposit: $1,000
- Leverage: Up to 1:500
- Spreads: Variable spreads available
- Features: Sharia-compliant trading
- Standard Account
- Minimum Deposit: $1,000
- Leverage: Up to 1:500
- Spreads: Variable spreads available
- VIP Account
- Minimum Deposit: $5,000
- Leverage: Up to 1:500
- Spreads: Variable spreads available
- Visit the Website
- Go to Cyber FX's official website.
- Select Account Type
- Choose the account type that suits your trading needs (Mini, Islamic, Standard, or VIP).
- Fill Out Registration Form
- Provide personal details such as your name, email address, phone number, and residential address.
- Submit Identification Documents
- Upload necessary documents for identity verification, which may include a government-issued ID and proof of address.
- Deposit Funds
- Make the required minimum deposit using available payment methods such as credit/debit card, bank transfer, or online payment systems.
- Access Trading Platform
- Once your account is verified, you will receive login credentials for the trading platform, which is primarily MT4.
- Start Trading
- Begin trading by logging into your account and utilizing the trading platform to execute your trades.
All accounts support trading in various instruments including forex, metals, indices, stocks, and cryptocurrencies.
Cyber FX Broker Account Opening Process
To open an account with Cyber FX, follow these steps:
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Cyber FX accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .