Overall Cboe FX is considered a trustworthy and safe broker with a trust score of 60 out of 100. Cboe FX appears to offer a single ECN account type which is tailored more toward experienced traders.
Cboe FX at a Glance
| 🔎 Broker's Name | Cboe FX |
| 📍 Headquartered | New York |
| 📅 Year Founded | 2010 |
| ⚖️ Regulating Authorities | Securities and Exchange Commission |
| 🌐 Countries not accepted for trade | All countries accepted |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:50 |
| 💰 Minimum Deposit | $100 / R1690 ZAR |
| 💳 Deposit Options | Not indicated |
| 💳 Withdrawal Options | Not indicated |
| 💻 Platform Types | Not indicated |
| 📱 OS Compatibility | Forex, options, futures, and indices |
| 📈 Tradable assets offered | Forex, options, futures, and indices |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | English |
| 📆 Customer Service Hours | 8 hours, five days a week |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 100
Regulators
SEC
Trading Platform
Not indicated
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Cboe FX Review – 20 key points quick overview:
The broker’s diverse customer base includes more than 220 banks, market makers, hedge funds, and institutions.
Cboe FX Overview
Cboe FX Global Markets (formerly CBOE Holdings, Inc.) acquired Bats Global Markets, which owned Hotspot, in February 2017.
Cboe FX Safety and Security
The forex market is extremely volatile, linked as it is to fluctuations in global currencies which in turn are determined by various market movements and global events.
While this very volatility contributes to more enhanced and lucrative trades, particularly for regular traders, it also means that a certain level of security is required within the forex trading environment in order to ensure full profitability.
Most forex brokers aim to provide a certain level of security through some form of authorization under relevant regulatory bodies. The most recognized of these bodies include such organizations as the FCA, CySEC, and ASIC.
However, such regulation can also present certain restrictions, such as the level of leverage that regulated brokers may offer.
While these restrictive measures are put in place in order to protect traders, some investors may seek out brokers with less regulatory restriction to benefit from concurrently enhanced trades – a risk that is ultimately taken at the trader’s own discretion.
As a US-based investor, Cboe FX falls under the regulation of the Securities and Exchange Commission (SEC), which is a reputable and very stringent regulatory body. As such, Cboe FX and its subsidiaries operate in a highly regulated environment.
Legislation and rules implemented by policymakers and regulators greatly affect the market structure within which Cboe FX operates, as well as numerous other areas of importance to Cboe and the investors Cboe FX serves.
As a global leader in the equities and derivatives marketplace and an innovator in options and volatility products, Cboe FX is committed to proactively addressing key issues of interest and providing transparency into our strategic agenda.
Cboe FX Leverage
Most brokers on the forex market today offer some form of leverage, which is essentially a tiny loan granted on behalf of the broker to their clients in order for them to make larger trades and increase their potential profits.
The entire forex and CFD industry to some extent relies upon the use of margin and leverage.
Leverage is the opportunity a forex broker provides to open a speculative position worth a much larger amount of money than you have at your disposal. Leverage is expressed in ratios like 200:1, 100:1, 50:1, etc.
For example, if your online trading company blocks €1,000 from your trading account to open a 100,000 EUR/USD position, it means you are using a 100:1 leverage. Put in different words, you control €100,000 with only €1,000.
As such, leverage is a great way for smaller traders to potentially make larger returns than they would have been able to with the investments already at their disposal.
However, making larger speculations with borrowed money also carries a higher risk of significant losses, particularly for those intending to invest large sums of money.
It is for this reason that many regulators made the decision to cap the maximum leverage that brokers operating under their authority could offer so that most regulated brokers can now offer a maximum leverage of 1:30.
As a broker which falls under the stringent framework of the SEC, Cboe FX is authorized to provide a maximum leverage of 1:50. While this is not as high as that offered by some other brokers in the industry, it is regarded as fairly average on the market today.
Min Deposit
USD 100
Regulators
SEC
Trading Platform
Not indicated
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Cboe FX Accounts
The forex industry is arguably the largest financial market in the world today, and as such abounds with a wealth of different traders of all experience levels and styles.
In order to facilitate this varied base of client traders, most forex brokers provide a selection of different accounts which each cater to the specific needs of traders, and are often designed according to the experience level and investment styles.
Many of these accounts come with their own spreads and commissions also tailored to the requirements and the investment potential of specific traders.
Cboe FX appears to offer a single ECN account type, which is tailored more toward experienced traders.
Cboe FX Market Instruments
Cboe FX offers trading in major currencies, as well as options, futures, and indices.
Cboe FX Fees
Different forex brokers will offer different fee structures based on how they make a profit and on the type of traders to which they target, or cater.
Most forex brokers make a profit on the commission, the spread, or both, and some offer more competitive structures, while others charge higher commissions in return for more lucrative trading options.
Traders will ultimately have to choose a broker whose fee structure best suits their trading style, the investment they have at their disposal, and their trading strategy.
While Cboe FX claims to offer competitive spreads and low commissions, there is a total lack of information regarding the exact fee structure on the broker’s website.
This appears to be a major problem that many have encountered with this broker regarding numerous reviews and customer feedback.
Cboe FX Deposit and Withdrawal
Traders often examine a broker’s deposit and withdrawal options in order to determine how the associated rates charged by the broker might affect their profitability over the long term.
Traders also often seek out brokers who provide a wide range of deposit and withdrawal options in order to make for a more streamlined and cost-effective process.
Cboe FX offers no information regarding their deposit and withdrawal conditions, which is a serious red flag.
Cboe FX Trading Platforms
Remarkably, while Cboe provides extensive information regarding the trading and research tools on its website, the broker has no information regarding the specific trading platforms it offers.
This would make it extremely difficult for prospective clients to explore the features of its platforms and make a sound decision regarding whether this broker is aligned with their trading strategy, before opening a live account.
How to open a Cboe FX account step by step
Opening an account with Cboe FX consists of the following standard steps, fulfilled directly from the broker’s website:
Step 1 – Open Your Account
Complete an application form. Upon completing the application, you will be registered with a username and password that will give you access to your account.Log in the brokerage’s client portal.
Step 2 – Fill out the form
Arrange for the transfer of funds from your bank to deposit funds into your account. This may be through check, credit or debit card, or electronic transfer from your bank account. Note: Using a credit card for this purpose can be subject to interest charges.
Once your account has been funded, you are now ready to start trading. At this point, you will want to review any recommendations or special details that your broker provides regarding the use of their trading platform before actually making your first trade. Some brokerages may offer trading simulator programs to allow traders to practice before actually putting money into trading.
Min Deposit
USD 100
Regulators
SEC
Trading Platform
Not indicated
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Cboe FX Customer Support
Cboe FX provides shockingly limited customer support, which is essentially only available through a telephone number to its head offices, which one would imagine would cause quite a backlog considering it is the only real recourse available to customers.
There is no email or live chat option, and amazingly, the broker lists several postal addresses as a means of contact, an extremely slow and outdated mechanism in the fast-paced world of the forex market.
Cboe FX Education
Cboe FX offers a surprisingly comprehensive research section, given the overall lack of information regarding the broker’s most basic features.
The broker’s Options Institute features deep expertise, tools, and interactive resources, to help novice and advanced investors alike more effectively use options and volatility strategies to manage risk and achieve their goals.
Added to this, the broker’s online courses are designed to help every level of investor gain a fuller understanding of the uses of listed options. As such, you can complete the courses you feel would be most suitable for building your knowledge and confidence in using the listed options.
Cboe FX Research
Cboe FX also offers excellent research tools, including strategy planning tools, various calculators, and a symbol directory.
Cboe FX Awards
Often, the level and number of awards that a broker has received is a strong indication of their standing within the industry, though some brokers do not participate in awards schemes.
Cboe FX does not list any awards on its website to date, which is not surprising considering the relatively slim offering on its website.
Cboe FX Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “Cboe FX” is entered into Google’s search engine over a given period of time.
Cboe FX vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇Cboe FX | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $100 / R1690 ZAR | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | No | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:50 | 1:400 | 1:888 |
| 💵 Currency Pairs | - | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Cboe FX Customer Reviews
Cboe FX is a really good broker. This creates a trading environment with no re-quotes and no conflict of interests. Cboe FX always processed my request. It was processed during one or two days in the working time. My experience so far has been good. Their customer service is excellent. Keep it up!
No doubt about Cboe FX broker, as I have my accounts here and experienced the best order execution in the live price quote. So I can open a deal in the desired position so far, as no slippage or re-quote in my trading history. Their payment service is quick and I can use many payments system, while I have chosen the Skrill payment system. Overall I am pleased with Cboe FX broker and I give them 8 to 10 marks.
I recommend this broker for professional traders because of the high amount of minimum deposit which is 7500$. I trade with them major currency pairs and Bitcoin. My profit increased in the past couple of months considerably because of the movements of Bitcoin. I am a day trader, the platform works fast in execution and the broker is not manipulating the prices. I had a shutdown of one position with a loss of 1500$ and I called their support team because was obvious the problem was from their server, they opened back my account and I got my money.
Cboe FX Pros and Cons
| ✔️ Pros | ❌ Cons |
| 1. Well regulated | 1. Website lacking in most relevant information regarding features |
| 2. Excellent research and educational tools |
Conclusion
Overall, Cboe FX is trustworthy to invest with and utilize its trading services. Cboe FX appears to offer a single ECN account type, which is tailored more toward experienced traders. Cboe FX claims to offer competitive spreads and low commissions. Cboe FX has a Maximum Leverage of 1:50.
Disclaimer
Risk Warning: The Company also offers CFD products which are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with GCI Trading.
It would help if you considered whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Cryptocurrencies are complex, high-risk, and volatile and may result in the loss of all invested capital over a short period of time; they are not appropriate for all investors.
Investors must understand and acknowledge these specific characteristics and risks and be warned that there is no EU regulatory framework governing trading in cryptocurrency products.
CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit.
Traders need to evaluate their objective, level of risk exposure and willingness to be exposed to risks, according to research done in South Africa.
Min Deposit
USD 100
Regulators
SEC
Trading Platform
Not indicated
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Risk Management
Cboe provides users with the ability to trade FX options, which are derivatives that allow users to hedge against or speculate on changes in currency exchange rates. The tool also provides real-time market data and analytics, allowing users to make informed trading decisions. It is designed for professional traders and risk managers.
Frequently Asked Questions
How many instruments can I trade with Cboe FX?
Cboe FX offers trading in major currencies, as well as options, futures, and indices.
Which platforms are supported by Cboe FX?
Cboe FX provides no information on platforms
What is the overall rating out of 10 for Cboe FX?
Cboe FX’s overall rating is 5/10
What are the advantages of trading with Cboe FX?
Cboe FX brings the powerful benefits of an independent, transparent market structure to institutional foreign exchange trading. Our expanding model provides greater control of the trading process, enabling better trade execution and lower transaction costs for our global customer base.
What type of broker is Cboe FX?
Cboe FX offers trading in major currencies, as well as options, futures, and indices.
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