CFDInterbank Forex Broker

cfdinterbank Forex Broker - Complete Information Guide

1. Broker Overview

　　CFD Interbank, established in 2007, operates under the brand name of Glastrox Trade Ltd., a company based in the Marshall Islands. As a private entity, CFD Interbank has positioned itself primarily in the retail forex market, catering to a diverse clientele that includes individual traders and institutional investors. Throughout its development, the company has marked several milestones, including the introduction of its forex rebate program, which aims to enhance profitability for its clients by returning a portion of trading costs.

　　The business model of CFD Interbank is centered around providing forex trading services to retail clients, while also extending its offerings to institutional services such as white-label solutions and asset management. The broker claims to have developed a strong infrastructure to support its trading operations and maintain a competitive edge in the forex market.

2. Regulatory and Compliance Information

　　CFD Interbank currently operates without any valid regulatory oversight, which raises concerns regarding its compliance with international trading standards. The company claims to be regulated under the Marshall Islands Business Companies Act, but no specific regulatory number or licensing information has been provided. This lack of regulation is a significant factor for potential clients to consider.

　　The broker does not appear to participate in any investor compensation schemes, which could pose risks to clients in the event of financial difficulties. Furthermore, CFD Interbank implements basic Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to ensure compliance with standard practices, although specific details on these measures are not extensively documented.

3. Trading Products and Services

　　CFD Interbank offers a range of trading products, primarily focusing on forex currency pairs. The broker provides access to 51 different currency pairs, including major, minor, and exotic pairs. In addition to forex, CFD Interbank has expanded its product offerings to include Contracts for Difference (CFDs) on indices, commodities, stocks, and cryptocurrencies, making it a versatile option for traders looking to diversify their portfolios.

　　The broker frequently updates its product offerings to adapt to market trends, ensuring that clients have access to the latest trading instruments. Retail trading services are a core focus, with an emphasis on providing competitive spreads and trading conditions. Institutional clients also have access to tailored solutions, including white-label services and asset management options.

4. Trading Platforms and Technology

　　CFD Interbank supports the widely used MetaTrader 4 (MT4) platform, which is known for its user-friendly interface and advanced trading features. This platform is accessible on both desktop and mobile devices, catering to traders who prefer flexibility in their trading activities. The broker does not appear to offer a proprietary trading platform, which may limit some advanced trading functionalities.

　　The execution model utilized by CFD Interbank is primarily STP (Straight Through Processing), allowing for direct market access and efficient trade execution. The broker's technical infrastructure includes servers located in strategic financial hubs, ensuring low latency and optimal trading conditions. Additionally, CFD Interbank supports API integration for automated trading solutions, facilitating algorithmic trading for more experienced clients.

5. Account Types and Trading Conditions

　　CFD Interbank offers various account types designed to meet the needs of different traders. The standard account requires a minimum deposit of $1,000, with variable spreads starting from 3 pips. For more experienced traders, advanced account types such as VIP, Platinum, and Diamond accounts are available, requiring higher minimum deposits and offering more favorable trading conditions.

　　The broker provides a demo account option for new traders to practice their strategies without risking real capital. Leverage options are available up to 500:1, depending on the account type and trading instrument. The minimum trade size is set at 0.01 lots, allowing for flexible trading strategies. Additionally, CFD Interbank has a policy regarding overnight fees, which may apply to positions held beyond a specified period.

6. Fund Management

　　CFD Interbank supports a variety of deposit methods, including bank transfers, credit/debit cards, and electronic wallets. The minimum deposit requirement varies by account type, with the standard account starting at $1,000. Deposits are typically processed promptly, although specific processing times are not detailed.

　　Withdrawals can be made using the same methods as deposits, but limitations may apply based on the chosen withdrawal method. The processing time for withdrawals may vary, and clients are advised to check the brokers guidelines for any potential fees associated with withdrawals. Transparency in the fee structure is essential for clients to understand the costs involved in managing their accounts.

7. Customer Support and Educational Resources

　　CFD Interbank provides customer support through multiple channels, including phone, email, and live chat. The support team is available during business hours, catering to clients across different time zones. While the primary language of support is English, additional language support may be limited.

　　The broker offers a range of educational resources aimed at enhancing traders' knowledge and skills. These resources include webinars, tutorials, and e-books, along with market analysis services such as daily reports and research updates. Trading tools, including calculators and economic calendars, are also made available to assist clients in making informed trading decisions.

8. Regional Coverage and Restrictions

　　CFD Interbank primarily serves clients in various regions, although specific details on regional offices are not extensively documented. However, the broker does not accept clients from certain jurisdictions, including the European Union, Canada, Israel, and the United States, in compliance with regulatory restrictions in those areas.

　　This limited geographical coverage may impact potential clients looking for a broker with a global presence. It is essential for prospective traders to verify whether their country of residence is eligible for services provided by CFD Interbank before proceeding with account registration.

　　In conclusion, the cfdinterbank broker offers a range of trading products and services tailored to both retail and institutional clients. However, potential clients should carefully consider the regulatory status and associated risks before engaging with the broker.