CIH Broker is a forex brokerage firm established in 2007, with its headquarters located in the United Kingdom at L120 South La Salle St, Suite 2200, Chicago, IL 60603. The company operates as a private entity, primarily serving clients globally, including retail traders and institutional investors. CIH Broker has been active for over 17 years, offering various trading services in the forex and CFD markets.
Throughout its development, CIH Broker has faced challenges related to regulatory compliance and market establishment. Despite being operational for nearly two decades, it has not yet secured proper regulation, which has raised concerns among potential clients. The company offers access to a diverse range of financial instruments, including forex, contracts for difference (CFDs), commodities, and indices. However, due to its unregulated status, it is not recommended for traders seeking a secure trading environment.
The business model of CIH Broker encompasses retail forex trading and provides various financial products to its clientele. The company aims to cater to both novice and experienced traders by offering different services tailored to their needs.
CIH Broker currently operates in an unregulated environment, which poses significant risks for potential investors. The lack of oversight from major regulatory bodies such as the Financial Conduct Authority (FCA) in the UK or others means that there are no guarantees regarding the safety of client funds or the ethical conduct of the brokerage.
As it stands, CIH Broker does not hold any regulatory licenses, and thus there are no regulatory numbers associated with its operations. Without a valid license, there is no assurance regarding the scope and validity of its services. The absence of regulatory oversight also means that clients' funds are not subject to protection measures typically enforced by regulatory agencies, such as fund segregation and investor compensation schemes.
Moreover, CIH Broker has not publicly disclosed any information regarding its compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This lack of transparency raises further concerns about the broker's operational integrity and the potential risks involved in trading with them.
CIH Broker offers a variety of trading products to its clients, primarily focusing on the forex market. The brokerage provides access to a diverse range of currency pairs, including major, minor, and exotic pairs. However, the exact number of available forex pairs has not been specified in the available resources.
In addition to forex, CIH Broker also offers CFD products across various asset classes, including:
The frequency of product updates or the addition of new trading instruments has not been explicitly mentioned, indicating a potential area for improvement in their service offerings. CIH Broker aims to cater to both retail and institutional clients, although specific details about institutional services or white-label solutions are not provided.
CIH Broker does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, which are widely regarded as industry standards for forex trading. Instead, the broker may offer its proprietary trading platform, details of which are not extensively covered in the available information.
The broker provides a web-based trading platform, allowing clients to trade directly from their browsers without the need for downloads. Additionally, mobile trading applications for iOS and Android devices may be available, although specific features and functionalities of these applications are not detailed.
Regarding execution models, CIH Broker's operational style is not clearly defined, which raises questions about whether it employs ECN, STP, or Market Making execution methods. Information on server locations and the technical infrastructure supporting the trading environment is also lacking, which could affect the trading experience.
API access and support for automated trading systems have not been mentioned, indicating that traders looking for algorithmic trading options may find their choices limited with CIH Broker.
CIH Broker offers various account types to meet the needs of different traders. The standard account conditions include:
For advanced traders, CIH Broker may offer premium account types, such as VIP or professional accounts, although specific features and requirements for these accounts are not elaborated upon. Additionally, the broker may provide Islamic accounts for clients adhering to Sharia law, but further information is not available.
The demo account policy is not clearly defined, which could hinder novice traders from practicing their strategies before committing real capital. The leverage ratios available to clients also remain unspecified, as do the minimum trade sizes and overnight fee policies, which are essential for traders to understand their potential costs and risks.
CIH Broker supports various deposit methods, including:
The minimum deposit requirements for different account types are not explicitly stated, which could lead to confusion among potential clients. The time taken to process deposits is also unspecified, leaving traders uncertain about how quickly they can begin trading.
Information regarding any deposit fees is not provided, which is crucial for traders to calculate their initial costs. As for withdrawals, the methods available and any associated limitations are not clearly outlined, making it difficult for clients to understand the withdrawal process.
The withdrawal processing time and fee structure remain ambiguous, which could lead to additional frustrations for clients looking to access their funds quickly.
CIH Broker offers various customer support channels, including:
The operating hours and time zone coverage for customer support are not detailed, which could affect the accessibility of assistance for clients in different regions. Furthermore, the languages supported by the customer service team are not mentioned, which could limit support for non-English speaking clients.
In terms of educational resources, CIH Broker may provide various materials such as:
However, specific details about the types of educational resources available are not provided. Market analysis services, including daily analysis, news, and research reports, are also not specified, which could impact traders' ability to make informed decisions.
Trading tools such as calculators, economic calendars, and signal services are not mentioned, indicating that traders may have limited access to the tools necessary for effective trading.
CIH Broker primarily serves clients in the United Kingdom and potentially other regions, although specific details about its market coverage are not provided. The presence of regional offices is not mentioned, which could affect local client support and service delivery.
The broker does not accept clients from certain countries, but the specific list of restricted countries is not disclosed. Additionally, any special restrictions or regulatory considerations that may affect trading with CIH Broker remain unclear.
In conclusion, while CIH Broker has been operational for several years and offers a range of trading products, its unregulated status and lack of transparency raise significant concerns for potential clients. Interested traders should exercise caution and conduct thorough research before engaging with this brokerage.