Is CBforex safe?
Rating Index
Pros
Regulated by the Cyprus Securities and Exchange Commission (CySEC), providing a level of trust and security for clients.
Offers a range of account types, catering to different trading needs and initial investment levels.
Supports both MetaTrader 4 and MetaTrader 5 platforms, allowing users to choose based on their preferences and trading strategies.
Cons
High minimum deposit requirement of $500, which may be prohibitive for beginner traders.
Variable spreads starting at 1.6 pips, which are not competitive compared to other brokers in the market.
Acts as a market maker, which may lead to potential conflicts of interest in trade execution.
CBforex Similar Brokers Safe
Whether it is a legitimate broker to see if the market is regulated; start investing in Forex App whether it is safe or a scam, check whether there is a license.
CBforex latest industry rating score is 1.56, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. 1.56 If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.