Tibi Global is a forex broker registered in South Africa, primarily providing trading services for financial products such as forex, stocks, precious metals, indices, and cryptocurrencies to investors. Tibi Global's headquarters are located in South Africa, with offices in Cyprus. Tibi Global offers related services to investors through the MT5 trading platform.
Company Background:
The company entity of Tibi Global is Tibiglobe (PTY) Ltd, registered in South Africa, with the registration number 2018 / 054431 / 07. The detailed registration address is The FIRS 4th Floor, CNR Biermann and Cradock Avenue Rosebank, Gauteng, 2196, South Africa. The official domain name of the broker was registered on July 19, 2022, less than two years ago.
Regulatory Status:
Tibi Global claims on its website that it is regulated by South Africa's Financial Sector Conduct Authority (FSCA) with the license number 50012. However, the regulatory strength of South Africa's FSCA is relatively weaker compared to the UK's FCA. It has also been discovered that there is no regulation covering forex and other related services, indicating that the broker does not have effective regulation.
Trading Products:
As a financial service provider, Tibi Global offers a range of different types of trading products, including forex, stocks, precious metals, indices, and cryptocurrencies. Tibi Global lacks transparency and detailed information about trading products, not providing detailed descriptions, trading rules, and market information, potentially posing unnecessary risks to investors. Investors lack a clear understanding of the characteristics and risks of the trading products, thereby increasing investment uncertainty.
Account Types:
Tibi Global offers four types of trading accounts: TiBi SPREAD, TiBi RAW, TiBi PRO, and TiBi VIP. Each account comes with negative balance protection, a 30% stop-out level, dedicated customer service support, and the MT5 trading platform.
The TiBi SPREAD account offers a simple, user-friendly smart trading experience with competitive spreads, no trading fees or commissions, and a minimum deposit of $50.
The TiBi RAW account is suitable for traders who require direct access to market data and fast order execution. This account has no trading fees, but a commission of $6 per lot is charged, and the minimum deposit is $200.
The TiBi PRO account is designed for experienced traders, offering zero trading fees and commissions, with a minimum deposit requirement of $2000.
The TiBi VIP account provides a premium trading experience for high-level traders, with low trading fees, a commission of only $3 per lot, and a minimum deposit of $5000.
Trading Software:
Tibi Global uses the MT5 trading software, which is supported on websites as well. There are many ways to download MT5, including for iOS, Android, MacOS, and Windows. Tibi Global primarily provides trading services for financial products such as forex, stocks, precious metals, indices, and cryptocurrencies through this platform. The MT5 trading platform is widely used and, compared to the MT4 trading platform, offers more functions and technical features.
Customer Support:
Tibi Global's customer support is available via telephone and email. Investors can contact the broker by calling the hotline. The hotline for the South African office is + 27 11 7594010, and for Cyprus is +357 25266066. Additionally, users can send an email to contactus@tibiglobe.com to seek help and solutions to their problems.
Conclusion:
Tibi Global is a forex broker registered in South Africa, offering forex and related services through the MT5 trading platform. The broker claims to be regulated by South Africa's Financial Sector Conduct Authority (FSCA), but detailed investigations show that the forex and other related services it provides are not regulated. Investors should opt for brokers with strict regulations to ensure the safety of their assets.
Currently, Tibi Global is listed as "Suspected Fraud" on TraderKnows.
