CIFCO Broker Review

CIFCO 2025 Review: Everything You Need to Know

　　CIFCO, a Hong Kong-based broker established in 2005, has garnered a mixed reputation in the forex trading community. While it is regulated by the Securities and Futures Commission (SFC) in Hong Kong, user experiences indicate a range of issues, particularly concerning customer service and the trading platform's limitations. Notably, CIFCO's self-developed trading platform is praised for its functionality but criticized for lacking compatibility with iOS and macOS, limiting accessibility for some traders.

　　Note: It's essential to recognize that CIFCO operates under different entities across regions, which may affect regulatory oversight and user experience. Therefore, it is advisable to conduct thorough research and consider the specific entity you are dealing with for fair and accurate evaluations.

Rating Overview

　　We assess brokers based on a combination of user feedback, regulatory status, and overall service quality.

Broker Overview

　　CIFCO, formally known as China International Futures (Hong Kong) Company Limited, was established in 2005. The broker operates primarily in Hong Kong and China, providing a self-developed trading platform tailored for desktop and mobile use. However, it does not support popular trading platforms like MT4 or MT5, which may deter some traders. CIFCO offers a variety of trading assets, including futures and financial instruments, and is regulated by the Hong Kong SFC, ensuring a level of trustworthiness in its operations.

Detailed Breakdown

• 　　Regulated Areas/Regions: CIFCO is regulated in Hong Kong by the Securities and Futures Commission (SFC), which is known for its stringent regulatory framework. This regulation is a positive aspect for traders looking for a reliable broker.

• 　　Deposit/Withdrawal Currencies/Cryptocurrencies: CIFCO allows deposits through various methods, including online banking and bank counters, but does not support third-party deposits. It does not provide cryptocurrency trading options, which may be a drawback for those interested in digital currencies.

• 　　Minimum Deposit: The specific minimum deposit requirement is not explicitly stated in the available reviews, indicating a potential area of confusion for prospective clients.

• 　　Bonuses/Promotions: There is no current information regarding bonuses or promotions offered by CIFCO, which could be another factor for traders to consider when choosing a broker.

• 　　Tradable Asset Classes: CIFCO offers a range of tradable assets, primarily focusing on futures and financial instruments. However, there is a lack of detailed information regarding the specific asset classes available for trading.

• 　　Costs (Spreads, Fees, Commissions): CIFCO charges various fees, including a commission of 0.25% for phone orders and 0.2% for online orders. The minimum charges per transaction are HKD/RMB 100 and 80, respectively. Additionally, there are transaction fees, stamp duties, and trading levies, which can accumulate quickly.

• 　　Leverage: The leverage offered by CIFCO varies by product, with up to 1:1000 available for currencies. This high leverage can be attractive to traders but also comes with increased risk.

• 　　Allowed Trading Platforms: CIFCO utilizes its self-developed trading platform, which is customizable and supports multiple languages. However, the absence of widely-used platforms like MT4 or MT5 may limit its appeal to some traders.

• 　　Restricted Areas: While specific restricted regions are not detailed, traders should be aware of potential limitations based on regulatory conditions in their respective countries.

• 　　Available Customer Service Languages: CIFCO offers customer support in simplified Chinese, which may limit accessibility for non-Chinese speakers.

  　　

Rating Recap

Detailed Evaluation

• 　　Account Conditions: CIFCO offers a range of account types, including personal and corporate accounts. However, the lack of clarity regarding minimum deposits may deter some potential clients.

• 　　Tools and Resources: The self-developed trading platform is customizable and user-friendly, but its limitations in supporting popular trading software may hinder user experience.

• 　　Customer Service and Support: Reviews indicate that while customer service is available, response times can be lengthy, which is a significant drawback for traders requiring timely assistance.

• 　　Trading Setup (Experience): The trading experience on CIFCO's platform is generally smooth, but the lack of support for iOS and macOS users limits accessibility.

• 　　Trust Level: Being regulated by the SFC adds a level of trustworthiness to CIFCO; however, concerns regarding its exceeding licensed business scope should be noted.

• 　　User Experience: Overall, user experiences are mixed, with positive feedback on the trading platform's functionality but negative remarks regarding customer service responsiveness and the lack of support for popular trading platforms.

　　In conclusion, CIFCO presents a viable option for traders seeking a regulated broker in Hong Kong, but potential clients should weigh the pros and cons carefully, especially regarding customer service and platform limitations. The CIFCO review indicates that while it has strengths, there are notable areas needing improvement.