Colibri FX Review: Avoid this Offshore Forex Broker!

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Colibri FX Review: Avoid this Offshore Forex Broker!

Colibri FX is a company that claims it has made Forex trading an easy activity. They target making investors experience successful. The entity allegedly avails top-notch trading tools and the best services in the industry.

We hate to cut short the great promise that this company is guaranteeing investors. The platform is an offshore entity that is not regulated. They make bold claims without verifying any of their statements. It is hard to trust such a form of venture.

Colibri FX states that it allows their clients to trade; however, they please. The platform is allegedly transparent and reputable. They also trade on behalf of their clients. To become a member of this trading platform, you can start with a demo account.

Then open a trading account where you can start generating returns immediately. The team of the entity is always eager to help their customers. It does not matter your level of qualification. The company promise to rive success in your forex trading activities.

Unfortunately, the platform fails to disclose the team of professionals that they are bragging about. It is, therefore, hard to determine if a team is involved. Legit forex trading brokers will introduce their workforce to the public for transparency purposes. Review

Colibri FX is trading Forex, cryptos, bonds, EFTs, and stocks. The platform features reputable financial institutions’ names in the market like Barclays, Deutsche bank, CItI, and HSBC. We assume that the entity wants us to presume these are the banks they partner with as their suppliers.

However, there is no evidence to verify the information. Hence, we cannot assume that since they are not regulated, funds might be going directly into the scammers’ account. The company brags of having over 10K investors. They are currently serving 15 countries globally.

Colibri FX claims that traders have everything at their disposal to start trading. Do not invest in this company because you will only end up regretting it. The platform additionally claims they have a large group of employees (3K) who compromise of top-notch experts and analysts in the market.

Colibri FX Review, Platform

The company states that it has received multiple awards for their excellent services. Kindly note that the entity does not disclose who awarded them the titles. Therefore, the info is unverified, and given that the platform is barely a year old, you should be cautious with them.

Colibri FX believes they have the best trading products that assist investors in trading successfully. Additionally, you will have access to their trading community. You can share ideas and help each other grow. The features of this entity are great; unfortunately, the venture has a high possibility of being a scam.

Features of Colibri FX

The platform assures traders that they will have access to forex training and education. They avail of trading materials or their customers. However, as we shall later see, the opportunity is only available to investors who deposit $10000 in the gold account.

We do not know the quality of education that the Colibri FX is offering. They also have personal managers whom you can consult. Given that the firm does not credit them, we do not know their finance background.

The platform also boasts of having trouble-free premium trading tools. They are also perpetually improving their trading tools for the benefit of their clients.

To educate members on how to manage risks, receive rewards, and have an excellent trading adventure. The shady firm states that it will help you grow your portfolio. Trusting this suspicious broker might lead to futile results.

Trading Conditions

Colibri FX is offering leverage that ranges from 1:400 up to 1:500. The leverage is very high, which means the risks involved are also enormous. The spread ranges from 2 pips to 0.6 points. They have three trading accounts.

It is only the gold account that avails webinars to traders, and it is the most lucrative plan. The firm avails a web-trader trading platform. The platform is basic and cannot be compared with the popular MT4/MT5 software.

Making returns with Colibri FX will be difficult. Such platforms are only after satisfying their greedy needs. Their main target is to steal from innocent people. They make bold claims but do not fulfil them to traders. Our best advice is for you to stick to a regulated forex trading firm.

Colibri FX Contact Details

The headquarters of Colibri FX is in London. The broker also states that they have offices in multiple areas in Asian and European countries. Sadly, the firm only features its London office address.

The platform further claims their support is dedicated and available 24/5. You can contact them via phone or email. Additionally, the company claims that you can rely on their support to assist you. Unfortunately, the salesperson will only disturb you with several phone calls with the promise of earning you huge returns.

Once you heed their demands, you will only make losses. They will cut all communication with you. Expect anything when dealing with an offshore broker. The address they feature is most likely not their real location.

Regulation and Registration

Colibri FX claims that it is offering services legally to their clients. The venture states that it is regulated by the financial watchdog of the United Kingdom. Unfortunately, the organization is lying about its regulation status.

The company is not in the database of the FCA. Therefore, the platform is operating illegally without being monitored by the authority. Moreover, the firm is unethical as it is capable of displaying false information.

The platform is operating, collecting money from several companies without the necessary documentation. They do not care about the law, which is a clear indicator that the venture is untrustworthy.

The Domain Insight is a company that was launched in August 2020. However, the suspicious broker lies about its history. Om their website, the entity states that it came into existence in 2016. It is unprofessional to use false information to win the trust of investors. The entity lacks a trading history and a good reputation.

Withdrawal and Deposits

One thing to note with this offshore forex trading broker is that their services are expensive investment package. The least amount of money you can deposit is $250, but they recommend you start with $500. It is double the standard market price.

You can deposit funds via Bitcoin, bank transfer, debit, and credit cards. The withdrawal process takes from 1 to 3 business days. Upon cashing out, customers are subjected to a fee that ranges from 1.2% up to 2.5%.

The platform is offering rewards to their clients. However, they do not display the requirements for these bonuses. Most of the time, withdrawing your bonus will be a daunting task. It is hard to attain the set guideline.

Final Verdict

Colibri FX is a platform that does not offer fund safety. The firm has multiple red flags, and the information regarding the owner is not featured. Additionally, the company is not regulated, yet they accept investors from all countries. They are also offering high leverage, which is risky.

Invest with reputable forex trading brokers that have a trading history. Moreover, they are offering the best trading services to investors. They avail of real-time data that is not biased. You will also earn a decent amount of profit.

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