The brokerage firm offers clients a “secure trading environment” where they can “trade easily and quickly around the world.” It is worth noting that the platform is operated by an offshore company that has a MWALI license for financial activities. However, on the intermediary’s website, there is no documentary evidence of the legal entity’s registration and no information about the project’s start date.

Should you consider cooperation with this company? How reliable is this service? We will answer these questions about the broker in our CilFX review.

How to Trade

Users can trade on the WebTrader platform, although it is unclear why MT4 is presented on the website. The brokerage company offers clients more than 50 currency pairs and more than 45 CFD products. There are 4 types of tariffs available to you, which are characterized by the following indicators:

  • Minimum deposit size from $12,500 to $150,000.
  • Leverage from 1:100 to 1:400.
  • Spreads from 2.8 pips to 0.1 pips.

The size of trades varies from 0.01 to 50 lots. In addition, each trader can use scalping and an unlimited number of open positions.

At the time of our review, the CilFX Terms of Use and other internal documents were not open. Meanwhile, we should check the box in the registration form indicating our agreement to abide by these rules.

The intermediary promises fast withdrawals and plenty of deposit options. You will find on the site additional services such as a personal manager, bonus program, and online support.

CilFX Vital Info

The broker does not disclose information about when the project opened its doors to the international trading community and who founded Arena Ltd, which manages this resource. Judging by the copyright link indicated in the footer of the main page, the site was created in 2024. The domain registration did not take place until the end of March 2024.

Our investigation revealed that Arena Ltd. is indeed registered with MWALI under license number BFX2024012. However, the register does not contain information on which website this organization operates. Besides, the legal address of this brokerage organization is indicated so incorrectly that we could not find it on the map. Maybe CilFX uses the Arena Ltd. trademark as a cover? Whatever it is, we have a suspicion that it is trying to mislead its clients.


What are the key facts about CilFX?

The project has been operating since March 2024. The broker's financial activities are controlled by offshore regulation, which itself has disputes with other Comorian authorities. The domain managed by the hero of our review may not belong to Arena Ltd, which is listed as the owner of the brand.

What's the risk to my wallet when working with this broker?

Judging by our review, it is unlikely that you will be able to get your money back if you start cooperating with CilFX. The firm lists a dubious license and claims that it uses STP. However, at the same time, it offers zero commissions and huge leverage, on which the project will not be able to make money with STP technology. Most likely, the goal of the anonymous site owners is to embezzle clients' money.

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