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CIX Markets

United Kingdom|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|Clone Firm United Kingdom|High potential risk|

https://www.cixmarkets.com

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Czech Republic 2.70

Surpassed 35.52% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 (0)20 7614 4688
customerservice@cixmarkets.com
https://www.cixmarkets.com
12th Floor, 110 Bishopsgate, London EC2N 4AY

Licenses

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

Single Core

1G

40G

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Contact number

English

+44 (0)20 7614 4688

Broker Information

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Company Name

City Credit Capital(UK)Limited

Company Abbreviation

CIX Markets

Platform registered country and region

United Kingdom

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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-29
  • The claimed United KingdomFCA regulation (license number: 232015) is verified as a clone firm. Please pay attention to the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

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CIX Markets · Company Summary

BASIC INFORMATION:

CIX Markets is an industry-leading broker for forex, CFDs and spread betting. The UK company was formed in 1983, making it an industry veteran with over thirty years experience. The company has unsurprisingly expanded in recent years and now has office locations in London, Dubai, Sydney, Shanghai, Hong Kong and Singapore.

REGULATORY INFROMATION: LICENSE

City Index was regulated by the Financial Conduct Authority (FCA) at the United Kingdom with the regulatory license number of 232015

MARKETS

Customers of the company can choose to trade in the spot market, CFD market or they can spread bet. In fact, they offer an extensive product list, including:

· 21 market indices

· 84 currency pairs

· 12 types of bonds

· 25+ commodities

· 5 types of metals

· 4,500+ global shares

TRADING FEES

CIX Markets offers fixed and variable spreads starting from 1 pip for major currency pairs such as EUR/USD. Index CFDs are around 3 points for the FTSE 100 and for crude oil, target spreads are $0.04. The broker does not charge trading commissions but swap fees may apply to overnight positions

LEVERAGE

As per FCA restrictions, the maximum retail leverage available is 1:30 on FX majors. The broker provides a breakdown of the margin requirements in the Markets Information Sheet. For higher leverage rates, clients may need to turn to offshore providers but that can mean less regulatory scrutiny and limited trader protection.

ACCOUNT TYPES

CIX Markets offers a single live account which can be opened in a few steps. Traders will need to submit their identity documents and proof of address. Theres no strict minimum deposit requirement, but the broker recommends at least $500 initially. The minimum trade size is 0.1 lots

PAYMENT METHODS

CIX Markets accepts funding via bank wire, credit/debit cards including Visa, MasterCard and Maestro, as well as Skrill and Neteller. Deposits are available in GBP, EUR or USD. The minimum initial deposit is $500. Funds generally take 24 hours to clear.

DEMO ACCOUNT

New and experienced traders can test their skills in the brokers trial account free of charge, with $50,000 in demo funds. CIX Markets offers full access to the trading platforms with real-time conditions for 4 weeks. After the month trial period, clients have the option to register for a real-money account

TRADING PLATFORMS

· CIX Trader

· MetaTrader 4

TRADING HOURS

Dealing hours for FX and some commodities are 24 hours, from Sunday at 22:30 (UK time) to Friday at 16:45 (NY time) with a daily trading break between 17:00 and 17:02 (NY time). All other times can be found in the trading platforms or in the brokers Markets Information Sheet.

CUSTOMER SUPPORT

You can get in touch with CIX Markets 24/5 via email, telephone or live chat, though we were unable to connect with the live chat service at the time of writing. This is a concern as lots of providers offer reliable customer support.

· Telephone – +44 (0) 20 7614 4688

· Email – customerservice@cixmarkets.com

· Office – 12th Floor, 110 Bishopsgate, London, EC2N 4AY

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去到海边等天蓝
more than one year
As a trader, I strongly discourage using Cix Markets, a clone broker. In my use of this platform, I found that everything they say is not credible. They did not provide a transparent trading environment and did not provide enough trading tools and resources, which made me very unsatisfied. In addition, there are many security risks on the platform, which worries me very much.
2023-03-28 15:57
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