About CFDInterbank
Company Overview
CFDInterbank is the brand name of Glastrox Trade Ltd, a company registered in the Republic of the Marshall Islands. The firm states it was established in 2018 and began operations in April 2019. Its registered address is on Ajeltake Island, Majuro, a jurisdiction known for minimal financial oversight.
The broker presents itself as an STP (Straight Through Processing) broker, aimed at retail traders seeking access to leveraged forex and CFD markets. However, as of the date of this review, CFDInterbank holds no recognized regulatory license from any financial authority. The Marshall Islands Business Companies Act is a corporate registration regime, not a financial services regulatory framework.
Regulatory Status
Our record check shows that CFDInterbank is not regulated by any tier-1 or tier-2 financial regulator. The company claims on its website to be a licensed investment company under Marshall Islands law, but this is a corporate registration, not a license to provide financial services or handle client funds.
For traders, this means there is no independent oversight of the broker’s operations, no mandatory segregation of client money, and no access to external dispute resolution or compensation schemes. The absence of regulation is a significant risk factor.
Trading Instruments and Platforms
According to the broker’s website, CFDInterbank offers trading in forex, indices, commodities, and cryptocurrencies. The broker states it uses the MetaTrader 4 platform, a widely recognized trading terminal. Leverage is advertised as up to 1:400 for certain account types.
The exact number of instruments and specific contract details are not independently verified. The broker’s platform claims are based solely on its own marketing materials.
Account Types and Conditions
CFDInterbank offers several account tiers, including a Standard Account, a Premium Account, and a VIP Account. Minimum deposit requirements vary by account type, with the Standard Account reportedly requiring a minimal deposit. Spreads are advertised from 0.0 pips on the Premium Account with a commission.
These details come from the broker’s own website and have not been independently tested. The broker also promotes an Islamic (swap-free) account option.
Funding and Security
The broker lists multiple payment methods, including bank wire, credit/debit cards, and various e-wallets. Withdrawal policies are described on the website, but no information is provided about the specific banking partners or the security of client funds.
Given the lack of regulation, there is no guarantee that funds are held in segregated accounts. Traders should exercise extreme caution before depositing funds.
Target Audience
CFDInterbank targets retail traders, particularly those seeking high leverage and access to a range of markets. The low minimum deposit suggests an intention to attract beginners or casual traders.
However, the unregulated status and offshore registration mean the broker is unsuitable for risk-averse traders or those in jurisdictions that require local regulatory protection.
Overview compiled by FXCanary from regulatory records and public data. full CFDInterbank review