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Cyber Futures

Indonesia|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://www.cyberfx.id/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
CyberFutures-Demo MT4
Server Location Indonesia

Contact

+62 21 520 6118
https://www.cyberfx.id/
Menara Sudirman Lantai 22 Jl. Jend. Sudirman Kav. 60 Jakarta Selatan 12190 Jakarta – Indonesia

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Indonesian

+62 21 520 6118

Broker Information

More

Company Name

PT. Cyber Futures Forex

Company Abbreviation

Cyber Futures

Platform registered country and region

Indonesia

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-02-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Cyber Futures · Company Summary

Note: Cyber Futuress official site - https://www.cyberfx.id/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Cyber Futures Review Summary in 10 Points
Founded 2004
Registered Country/Region Indonesia
Regulation Not regulated
Market Instruments Stock Index, Forex currency pairs, Gold and Silver, US Index, CFDs, Oil
Demo Account Available
Leverage Up to 1:200
EUR/USD Spread Start from 0.1 pips
Trading Platforms MT4
Minimum Deposit USD 200
Customer Support Email, Address, Phone, FAQ

What is Cyber Futures?

Cyber Futures, with full name PT. Cyber Futures Forex, is an Indonesia -based global brokerage firm that offers Stock Index, Forex currency pairs, Gold and Silver, US Index, CFDs, Oil as its market instruments to traders. However, it is important to note Cyber Futures is currently not regulated by any recognized financial authorities which raises concerns when trading.

Within this upcoming article, we will thoroughly examine the attributes of this broker from diverse angles, delivering straightforward and well-organized information. If this topic piques your curiosity, we encourage you to continue reading. Towards the article's conclusion, we will also provide a brief summary to offer you a quick overview of the broker's key characteristics.

Pros & Cons

Pros Cons
• Wide range of trading instruments across multiple asset classes • Not regulated
• MT4 platform • Lack of transparency on commissions and account types
• Tight starting spread • Website unfunctional
• Limited details on payment methods
• Wide average spreads

Cyber Futures Alternative Brokers

There are many alternative brokers to Cyber Futures depending on the specific needs and preferences of the trader. Some popular options include:

  • Forex.com- Forex.com is a reputable and well-established broker known for its user-friendly trading platforms and extensive educational resources, making it an excellent choice for both novice and experienced traders.

  • TigerWit- TigerWit offers innovative blockchain-based trading technology and a wide range of financial instruments, making it an attractive option for traders seeking cutting-edge solutions and diverse market opportunities.

  • TD Ameritrade-TD Ameritrade is a powerhouse in the brokerage industry, offering a comprehensive suite of investment services, advanced trading platforms, and research tools, making it a top choice for traders and investors looking for a full-service brokerage experience.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Cyber Futures Safe or Scam?

When considering the safety of a brokerage like Cyber Futures or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: It is not regulated by any major financial authorities,which means that there is no guarantee that it is a safe platform to trade with. Besides, the official website of the broker is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

  • User feedback: Read reviews and feedback from other clients to get an understanding of their experiences with the brokerage. Look for reviews on reputable websites and forums.

  • Security measures: So far we cannot find any security measures info on Internet for this broker.

Ultimately, the decision of whether or not to trade with Cyber Futures is a personal one. You should weigh the risks and benefits carefully before making a decision.

Market Instruments

Market Instruments

Cyber Futures presents a comprehensive range of market instruments to cater to the trading needs of its clients across various financial markets.

Whether traders are interested in the dynamics of stock indices, the currency exchange market with its myriad of forex currency pairs, or the appeal of precious metals like gold and silver, Cyber Futures has these markets covered.

Additionally, the inclusion of US Index offerings and CFDs allows for diversified trading strategies, while the inclusion of oil as a market instrument caters to those keen on energy commodities.

With this diverse array of market instruments, traders have the opportunity to explore a wide range of assets and trading strategies.

Accounts

Cyber Futures provides traders with the option to access their trading platform through a demo account for a risk-free and immersive trading experience.

However, information regarding live account specifics is not readily available on the internet, but theres info show that a minimum deposit of USD 200 of this broker. Interested traders looking to open live accounts are encouraged to contact the broker directly for comprehensive account information and to understand the specific requirements.

Leverage

Cyber Futures offers its clients leverages up to 1:200. Leverage is a powerful tool that allows traders to control a larger position in the market with a relatively smaller amount of capital. With a leverage ratio of 1:200, clients have the potential to amplify their trading positions substantially, thus increasing the potential for both profits and losses.

While higher leverage can enhance trading opportunities, it also comes with increased risk, as market fluctuations can have a more significant impact on account balances. Traders are advised to approach leveraged trading with a thorough understanding of the associated risks and to implement risk management strategies diligently.

Spreads & Commissions

When it comes to spreads, the broker offers a highly competitive minimum spread of just 0.1 pips for some major currency pairs, reflecting excellent pricing for traders focused on cost-efficiency. However, it's important to note that the normal spread for certain instruments may reach up to 3 pips, which, while still reasonable, can vary depending on market conditions and the specific trading environment.

Regarding commissions, theres no specific information on Internet, and traders are advised to reach out to Cyber Futures directly for comprehensive details. This personalized approach ensures that traders can obtain accurate and up-to-date information tailored to their individual trading needs and preferences, allowing for a well-informed decision-making process.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread (pips) Commissions (per lot)
Cyber Futures From 0.1 pips Not disclosed
Forex.com From 0.0018pips Variable (depending on product)
TigerWit From 0.6 pips Variable (depending on account)
TD Ameritrade Not disclosed Variable (depending on product)

Please keep in mind that spread values can vary depending on market conditions, account type, and other factors. Commission structures may also differ based on the broker's pricing model and the type of account being used. It's important to review the official websites or contact the brokers directly for the most accurate and up-to-date information on spreads and commissions.

Trading Platforms

Cyber Futures provides its traders with access to the widely recognized MetaTrader 4 (MT4) trading platform, which is available for PC, Android, and iOS devices.

The MT4 platform is renowned in the financial industry for its user-friendly interface, extensive charting tools, and a wide range of technical indicators that cater to traders of all levels.

With the PC version, traders can enjoy the full power of the platform on their desktops, while the Android and iOS versions allow for seamless trading on mobile devices, offering flexibility and convenience, especially for those on the go.

MT4 is known for its stability, speed, and support for automated trading through Expert Advisors (EAs), making it a popular choice among traders worldwide.

See the trading platform comparison table below:

Broker Trading Platforms
Cyber Futures MT4
Forex.com Forex.com and MT5
TigerWit WebTrader, Mobile App
TD Ameritrade Thinkorswim

Deposits & Withdrawals

Deposits & Withdrawals

Cyber Futures offers a convenient and accessible payment method through Local Bank, which implies that traders can utilize local banking channels for transactions. This can often include bank transfers and online banking services, making it a versatile and region-specific option for many traders.

However, for a comprehensive understanding of the available payment methods, fees, processing times, and any potential restrictions, traders are advised to contact Cyber Futures directly or refer to the broker's official website. Clear communication with the broker ensures that traders can select the payment method that best suits their needs and aligns with their financial preferences.

Customer Service

Customer Service

Cyber Futures provides customer service options to assist its clients in different areas through email and address. Customers can reach out to Cyber Futures through the channels to address their queries and concerns as below:

Phone: +62 21 520 6118

Address: Menara Sudirman Lantai 22 Jl. Jend. Sudirman Kav. 60 Jakarta Selatan 12190 Jakarta – Indonesia

Email: support@cfforex.co.id.

Cyber Futures also provides a FAQ page, but due to an unfunctional website, traders are encouraged to contact the broker directly for assistance and access to relevant information.

Conclusion

According to available information online, Cyber Futures is a Indonesia-based brokerage firm offers Stock Index, Forex currency pairs, Gold and Silver, US Index, CFDs, Oil as market instruments to traders.

However, the fact that it is non-regulated is an immediate red flag, as regulated brokers are subject to oversight and compliance with established financial regulations, providing clients with a level of assurance and protection. The lack of proper regulation and oversight increases the potential risks for traders, leaving them vulnerable to potentially fraudulent activities or misconduct. Additionally, an unfunctional website indicates a lack of professionalism and attention to details, which further erodes confidence in the company's ability to provide reliable and efficient services.

As such, individuals considering Cyber Futures as their brokerage firm should exercise extreme caution and thoroughly research alternative, regulated options that prioritize transparency, security, and accountability.

Frequently Asked Questions (FAQs)

Q 1: Is Cyber Futures regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: What kind of trading instruments does Cyber Futures offer?
A 2: Cyber Futures is a Indonesia-based brokerage firm offers Stock Index, Forex currency pairs, Gold and Silver, US Index, CFDs, Oil as market instruments to traders.
Q 3: Is Cyber Futures a good broker for beginners?
A3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of the lack of transparency.
Q 4: Does Cyber Futures offer the industry leading MT4 & MT5?
A 4: Yes, the broker provides MT4 platform on window, iOS and Android devices.
Q 5: Whats the minimum deposit does Cyber Futures request?
A 5: The broker request a minimum deposit of USD 200.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

User Reviews

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Comments

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Maulana Pratama
more than one year
because of this broker, I have become financial, thank you cyber
2023-04-12 14:23
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野浪猫
more than one year
This Cyber Futures ate my profits with so high spreads offered. I also want to say its customer support sucks too, extremely unprofessional and impolite. I won’t trade with this broker anymore.
2023-03-02 10:41
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0
0
marubosu528
more than one year
I've only been a customer for 1 week, for the time being it's been fine...always successful
2023-02-10 01:43
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0
0
娜Nana
more than one year
Demo account was ok, but the real account I opened frustrated me so much! They closed my positions when I didn’t reach my stop-loss without giving me a reasonable reason…I lost a big amount. ****!
2022-12-16 10:56
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0
0
FX1085355279
more than one year
Deposits and withdrawals are too limited and restricted to Local Bank. But other aspects of my trading experience are still good, especially the spreads, really super narrow!
2022-12-06 09:52
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