Cyber FX Review

Is Cyber FX Scam or Legit Broker?

No, it is not safe to trade with Cyber FX. The broker does not hold any serious license, which means that investing with it might put your funds in jeopardy. 

• In Forex trading, the most important part is the safety and reliability of the broker. To be legally protected, it is essential to sign with a well-regulated broker from such authorities as ASIC, FCA, etc. 

What is Cyber FX?

Cyber FX is a trading name used by a company that states its full incorporation in the Republic of South Africa while additionally serving an office in Zambia. The broker offers clients a platform to trade Derivatives Instruments such as Contracts for Difference, Warrants, Futures and more through some of the best trading conditions with pure STP/ECN connectivity (Best ECN Brokers).

• However, in order to be a trusted company the good proposal and technology unfortunately not enough. First of all the financial service providers should be a legitimate and strictly controlled firm that is overseen by the authorities in terms of their reliability and sustainability, as well to be sure all claims are true. In the case of the Cyber FX, the firm, in fact, is only registered in the Republic of South Africa and does not hold any other license to deliver its service or to be constantly supervised.
• That means that investment and trading can be very risky to the trader, due to the company’s non-regulated nature. Specifically, the Africa area is full of scammers and fraudulent companies that try to attract potential clients with attractive high gains and incomes, while in fact, they are a typical scam. Therefore, we advise always to sign up only with the companies that have a link to the regulatory authorities and will provide necessary customer protection conditions.

Cyber FX Review Conclusion

In conclusion, we advise avoiding Cyber FX and similar offerings and instead choosing ASIC Regulated brokers, FCA Regulated Brokers, or similar providers that significantly lower the risks in trading. To avoid any risks and losses traders should trade with well-regulated brokers such as IG Markets and BlackBull Markets.

Cyber FX Update

Our research revealed that the Cyber FX website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.