The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
Risk Management Index
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.
License Type:Market Making(MM)
Regulated in Country/AreaUnited Kingdom
Regulatory License No.：232015
Email Address of Licensed Institution :firstname.lastname@example.org
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :12Th Floor Heron Tower, 110 - BishopsGaTe, London EC2N 4AY UNITED KINGDOM
Phone Number of Licensed Institution :4402076144600
Most visited countries/areas
The data are from WIKI Research 2021.09.26 updated
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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.
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.
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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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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