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FXIBA Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-27 11:17

Abstract:FXIBA is a financial company based on the UK, offering trading in currency pairs and CFDs on commodities, indices and stocks through the leading MT4 platform. However, this company is not regulated currently.

  Note: FXIBA's official website https://www.fxiba.com/ is currently inaccessible normally.

FXIBAReview Summary
Founded/
Registered Country/RegionUK
RegulationNo regulation
Market InstrumentsCurrency pairs and CFDs on commodities, indices and stocks
Demo Account/
Leverage/
EUR/USD Spread3 pips
Trading PlatformMT4
Min Deposit/
Customer SupportTel: +442034325958
Email: support@fxiba.com

  FXIBA is a financial company based on the UK, offering trading in currency pairs and CFDs on commodities, indices and stocks through the leading MT4 platform. However, this company is not regulated currently.

Pros and Cons

Pros Cons
Various trading assetsInaccessible website
MT4 supportedLack of regulation
Popular payment optionsHigh spreads
No info on minimum deposit

Is FXIBA Legit?

  No, FXIBA is not regulated by financial regulatory authorities in the UK. As is shown in the screenshot below, FXIBA is not regulated by FCA. Please be aware of the risks!

No results from the FCA

What Can I Trade on FXIBA?

  FXIBA offers trading in currency pairs and CFDs on commodities, indices and stocks.

Tradable Instruments Supported
Currency pairs✔
CFDs✔
Commodities✔
Indices✔
Stocks✔
Bonds❌
Bonds❌
ETFs❌

Account Type

  FXIBA offers 4 types of accounts, including Silver, Gold, VIP, and Premium. Besides, swap-free Islamic accounts are also available. However, it is not clear whether a free demo account is available or not, and the details of these accounts are also not clear.

Spread

  FXIBA offers fixed spreads. For the EUR/USD pair, the spread is 3 pips.

Trading Paltform

Trading PlatformSupported Available Devices Suitable for
MT4✔Web, desktop, mobileBeginners
MT5❌/Experienced traders

Deposit and Withdrawal

  The payment options include bank transfers, credit/debit cards, Skrill, Neteller, cashU, and MegaTransfer. However, other details such as the minimum deposit/withdrawal, the processing time, fees are not clear.

Related broker

No Regulation
FXIBA
Company name:IBA Group Ltd
Score
1.55
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.55

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