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    CCC: Introduction of City Credit Capital

    Abstract: City Credit Capital (CCC) was established in 2001 and is a UK-registered online trading broker providing foreign exchange and CFD trading services to investors, financial institutions, banks, and brokers. City Credit Capital (CCC) is currently regulated by the Australian Securities and Investments Commission (ASIC) and holds a full license under its authority, regulatory number: 232015.

      General Information & Regulation of City Credit Capital

      City Credit Capital (CCC) was established in 2001 and is a UK-registered online trading broker providing foreign exchange and CFD trading services to investors, financial institutions, banks, and brokers. City Credit Capital (CCC) is currently regulated by the Australian Securities and Investments Commission (ASIC) and holds a full license under its authority, regulatory number: 232015. Please be advised that City Credit Capital (UK) Limited does not accept US customers.

      Market Instruments

      City Credit Capital (CCC) offers over 100 trading assets, including Forex currency pairs, CFDs on index futures, CFDs on commodity futures, and spot precious metals.

      Minimum Deposit of City Credit Capital

      City Credit Capital (CCC) gives a choice of two types of trading accounts, the mini account, and the standard account. The minimum initial deposit for a mini account is $500, $5,000 for a standard account, which is much higher than most dealers (which typically requires a deposit of $100-$200). Similarly, the brokerage firm offers demo accounts for novice investors to practice trading. In addition these two live accounts, City Credit Capital does offer a demo account.

      Leverage of City Credit Capital

      Trading leverage depends on different instruments traded. The maximum trading leverage is 1:30 for major currency pairs, 1:20 for minor currency pairs, 20 for index futures, 1:10 for commodity futures, 1:20 for gold, and 1:10 for silver.

      Spreads & Commissions

      CCC charges fixed spreads on foreign exchange, indices, commodity CFDs, and precious metals, 3 pips on EUR/USD, about $0.04 on silver, and about 2 pips on the FTSE 100. Such spreads are not that competitive and mean higher transaction costs. CCC does not charge commissions or inactive account fees.

      Trading Platforms of City Credit Capital

      City Credit Capital (CCC) offers two trading platform options, the popular MT4 trading platform, and the iMarkets Trader trading platform. MT4 is a fully functional and personalized trading platform that allows traders to customize the interface of the trading platform to their liking. iMarketsTrader allows clients to monitor market movements through professional charts and offers 20 technical indicators, including Moving Averages (MACD), BOLs, and Parabolic Turning Indicators (SAR). Traders can log in to their accounts and trade using iMarketsTrader, a trading platform application for iPhone, iPad, or Android phones.

      Deposit and Withdrawal of City Credit Capital

      City Credit Capital (CCC) accepts traders to deposit and withdraw funds from their accounts via Visa, MasterCard credit/debit cards, bank transfers, Skrill, Neteller. Since the broker is regulated by the FCA, the company requires their clients to complete a lengthy account opening procedure that involves signing different documents and accepting various disclaimers, which ensures that traders adhere to the restrictions put forward by regulatory agencies.

      Trading Hour

      FX trading is open from Sunday at 22:30, UK time and closes Friday at 16:45, NY time. Spot metal trading sessions run from Sunday 23:00, UK time, to Friday 16:00, NY time. All other timings vary depending on the asset and can be found in the brokers Market Information Sheet.

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