CBF Forex Broker

CBF Review SummaryFounded2020Registered Country/RegionUnited KingdomRegulationCloneMarket InstrumentsForwards, Futures, Opions, SwapsDemo AccountUnavailableLeverage1:500 (forex), 1:200 (other products)Spread0.2 pips for forex, 0.5% for stocksTrading PlatformMeta Trader 4Min Deposit$100Customer SupportPhone: +44 2031295420Email: info@cbfforex.comCBF 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 ConsPros Cons Regulated by the Financial Conduct AuthorityReported as cloneMaximum leverage of 1:500 on forex pairsUnaccessible websiteMeta Trader 4 trading platform availableLimited Customer Support channelsAccess to a network of ATMs for some Savings AccountsMinimum deposit requirement is as high as $100Is CBF Legit? CBF is regulated by the UK Financial Conduct Authority (FCA, license number 466201), but this is reported as a clone.Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberFCAAxi Financial Services (UK) LimitedMarket Making(MM)466201What 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 PlatformSupported Available Devices Suitable forMeta Trader 4✔Windows, MAC, IOS, AndroidInvestors of all experience levelsDeposit 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.