General Information & Regulation
Cyber FX is an online forex trader offering investors access to forex, indices, stocks, and other trading assets.CyberFX is headquartered in South Africa, with offices in Durban and Zambia. CyberFX claims to be regulated by the South African Financial Conduct Authority but does not provide any details of the regulatory number.
Market Instruments
Cyber FX offers investors a range of trading assets, including forex currency pairs, indices, JSE Stocks, cryptocurrencies, metals, and offshore stocks.
Minimum Deposit
To meet different investors' investment needs and trading experience, CyberFX offers four different types of trading accounts, the Mini Account (minimum deposit of $100), Islamic Account (minimum deposit of $1000), the Standard Account (minimum deposit of $1000), and VIP Account (minimum deposit of $5000). The minimum lot size is 0.01 for Mini and Islamic accounts and 0.1 for the VIP account.
Cyber FX Leverage
When it comes to trading leverage, the maximum leverage offered by Cyber FX for forex trading is up to 1:100. Many professional traders may think this is the conservative leverage, however, inexperienced traders are not advised to use too high trading leverage, as it can amplify returns as well as losses.
Spreads & Commissions
There is no extensive information about spreads and commissions on the Cyber FX platform, only that all accounts come with floating spreads. After testing the demo account, we can see that the minimum spread is 0.1 pips, and there are no trading commissions, which seems impossible and is probably a trick to attract new investors.
Trading Platform
Cyber FX offers traders the market-leading and highly acclaimed MT4 trading platform, a user-friendly trading software with advanced charting tools and data analysis tools. Besides, MT4 also supports EA automated trading, allowing traders to develop suitable trading strategies to help them get ahead in the financial markets.
Deposit & Withdrawal
Cyber FX offers a deposit bonus program that traders who deposit a minimum of $250 will have the opportunity to receive a credit bonus, which cannot be withdrawn from their account. There are no details about the deposit and withdrawal fees.
