Global Forex Broker Regulatory Inquiry APP


1.99 /10


New Zealand

Scam Brokers

5-10 years

Regulated in New Zealand

Suspicious Regulatory License

MT4/5 full license

Chinese market only

New Zealand Financial Service Corporate Revoked

Suspicious Overrun

High potential risk

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Quantity 2


Time Machine


License Index 0.00
Business Index 7.22
Risk Management Index 0.00
Software Index 7.02
Regulatory Index 0.00
Time Machine


VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core



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Broker Information


Company Name


Company Abbreviation


Platform registered country and region

New Zealand

Company website

Pyramid scheme complaint


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This platform is a Ponzi Scheme. Please stay away! 4
Previous Detection : 2023-05-28
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Pyramid scheme complaint
CITYWEALTH · Company summary

General Information & Regulation

Established in 2013, CityWealth is a New Zealand Registered broker operated by Hortense Holdings Limited. CityWealth is not subject to any regulation, so it is unsafe to trade with this broker.

Official Website Unavailable

Since CityWealth cannot be opened at this moment, we collect some useful information from brokers review website to show you this broker.

Market Instruments

Tradable financial instruments available on the CityWealth platform include currency pairs, shares, commodities and indices.

Minimum Deposit

The minimum deposit required by CityWealth is $250 and can be deposit in USD, EUR, GBP, CNY, JPY currencies. Although this requirement is reasonable, traders are not advised to register real trading accounts here given the fact that CityWealth is unregulated.

Minimum Trade Size

The minimum trade size allowed by CityWealth is 0.01 lots, friendly to beginners.


CityWealth offers leverage up to 1:400, which is high. Since leverage can amplify gains as well as losses, inexperienced traders are not advised not use too high leverage.

Spreads & Commissions

In terms of spreads and commissions, spread on the currency pairs EUR/USD pair is 0.6 pips on a standard account type.

Trading Platform Available

When it comes to trading platform available, CityWealth offers MT4 trading platform, available in Windows, PC, Mobile devices. Since CityWealth is an unregulated broker, traders should not trade on this platform in spite of its leading trading platform.

Deposit & Withdrawal

Payment methods working with CityWealth include wire transfer, credit and debit cards. Some other popular online payment processors including PalPay, Skrill and Neteller are not available.

Customer Support

CityWealth does not offer a dedicated customer support and they can be reached through telephone: +4000091977, email:

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