1. Home
  2. Compare Forex Brokers
  3. CFI Markets review

CFI Markets Review

  • Regulated by: Financial Conduct Autority, CySEC, BaFIN
  • Safety: segregates client funds
  • Trust Rating: B
Open CFI Markets's Website

Losses can exceed deposits. Your capital is at risk.

CFI Markets one way: Forex.

To open a live account, you’ll need a minimum deposit of at least $100. Alternatively, CFI Markets offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 602588 ), and CySEC (Licence: 179/12 ). CFI Markets puts all client funds in a segregated bank account and uses tier-1 banks for this. CFI Markets have been established since 2012, and have a head office in Cyprus.

Before we dive into some of the more detailed aspects of CFI Markets’s spreads, fees, platforms and trading features, you may want to open CFI Markets‘s website in a new tab by clicking the button below in order to see the latest information directly from CFI Markets.

Open a demo account Visit CFI Markets

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
Your capital is at risk.

CFI Markets screenshot

PROS

  • Segeregates client funds
  • Established in 2012
  • Regulated by Financial Conduct Autority, CySEC, BaFIN
  • Min. deposit from $100

CONS

What are CFI Markets's spreads & fees?

Like most brokers, CFI Markets take a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum fixed spreads listed on CFI Markets’s website. The colour bars show how competitive CFI Markets’s spreads are in comparison to other popular brokers featured on BrokerNotes.

CFI Markets variable spread is not available. If you believe this is incorrect please fill in our form

Speads are dynamic and are for informational purposes only. Last updated: June 06, 2018.

As you can see, CFI Markets's minimum spread for trading EUR/USD is N/A pips - which is relatively high compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with CFI Markets vs. similar brokers.

See all Spreads Your capital is at risk.

How much does CFI Markets charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with CFI Markets at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against Plus500 & AvaTrade.

CFI Markets Plus500 AvaTrade
Spread from: $0.00 $6.00 $7.00
Typical overnight fee: $0.00 $9.40 $5.00
Commission: $0.00 $0.00 $0.00
Total cost of a 100k trade: $0 $15.4 $12
$15.40 more $12.00 more
Visit CFI Markets Visit Plus500 Visit AvaTrade

Your capital is at risk. All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018.

General Fees

  • CFI Markets does charge inactivity fees
  • CFI Markets doesn’t charge withdrawal fees*

Commissions

  • CFI Markets doesn’t charge commission on CFD shares

What can you trade with CFI Markets?

FX / Currencies CFI Markets Plus500 AvaTrade
# of forex pairs offered 27 61 59
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs CFI Markets Plus500 AvaTrade
# of commodities offered 0 17 16
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs CFI Markets Plus500 AvaTrade
# of Stocks offered 0 1816 99
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares No Yes Yes
Japanese Shares Yes Yes Yes
See CFI Markets's Instruments See Plus500's Instruments See AvaTrade's Instruments
Your capital is at risk.

What’s the CFI Markets trading experience like?

1) Platforms and apps

CFI Markets offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.

CFI Markets Screenshot See CFI Markets's Platforms

CFI Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See CFI Markets's platforms Your capital is at risk.

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Demo account
  • Mini account
  • Standard account
  • Islamic account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

CFI Markets allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As CFI Markets offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, CFI Markets offer margin up to 0.05 on currencies.

Finally, we’ve listed some of the popular funding methods that CFI Markets offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • PayPal
  • Neteller

3) Client support

CFI Markets support a limited number including English

CFI Markets have a BrokerNotes double AA support rating because CFI Markets offer live chat, phone, email support and less than three languages.

4) What you’ll need to open an account with CFI Markets

As CFI Markets is regulated by Financial Conduct Autority, CySEC, BaFIN, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore CFI Markets’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with CFI Markets you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.cfimarkets.com/ on March 21, 2018.