Cyber FX Review (2023)

• Company name: 

Cyber FX.

• Registration Address/ License:

Republic of South Africa. Zambia. No License, No Regulation. 

Cyber FX is a trading name used by a company that states their full incorporation in the Republic of South Africa while additionally serving 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.

As an example, we would advise brokers from the reputable and known financial hub alike UK’s FCA Regulated brokers or CySEC Regulated brokers that are among the companies with a long history and sustainable proposals.