CitiFX Pro Forex Broker review

Company CitiFX Pro
Established in 2008
Online since 2008
International Offices New York and USA
Payment Methods Bank Wire
Demo Accounts & Platforms
Account currencies
Regulated & Registered by FSA, FDIC
Are US Traders allowed? Yes
Bonus? (detailed) No Bonuses
Languages in which website is available? Multilingual
Languages in which Support is available? Arabic, Bulgarian, Mandarin, Cantonese, Czech, Danish, Dutch, English, Farsi, French, German, Greek, Hebrew, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Malay, Malaysia, Norwegian
Different Support methods? Live Chat, email and phone
Types of Account (micro standard executive islamic) Mini, Demo, Institutional and managed accounts.
Minimum deposit in accounts $10,000
Minimum position size
Type of Spread? Variable
Minimum spread on EUR/USD, pips 1.6
Is Scalping Allowed? Yes
Types of Trading Instruments (GOLD; CFD, etc. and the leverage) Leverage is 50:1. CFDs, Forex and Metals
Real Trading platforms CitiFX Pro Desktop, CitiFX Pro Mobile, CitiFX Pro Web, MetaTrader 4.
Digits after the dot in quotes
Margin call level
Stop-out level
Total Number of currency pairs 130
Any Bonus offers
Affiliate program Available?
Facility of Overnight interest rates (swaps) No
Do they have Trailing stop? Yes
Do they have Pending orders? Yes
Mobile trading allowed? Yes
Browser-based platform present? Yes

citifxCitiFX Pro was established in the year 2008 and is a part of Citi Bank which has a legacy of about 100 years. Before Citi Pro was established Citi used to provide services to many investors, government financial institutions, banks, hedge funds and many leading corporations. They opened CitiFX Pro with the aim of opening the forex market to the individual and institutional traders through the global leaders in this field. Since it is a global leader in the forex market they have about 200 million customers and their entire business is spread in about more than 100 countries. Along with forex trading they also offer their customers product and services in corporate banking, investment banking, securities brokerage, wealth management, credit and consumer banking.

The trading platform offered by the company to its clients is many and which includes CitiFX Pro Desktop, CitiFX Pro Web and CitiFX Pro Mobile. The CitiFX Pro Web is software which allows you to do the trade directly without downloading any software. The CitiFX Pro Mobile is software that can be downloaded on the mobile and allows the trader to do the trading while they are travelling. Their website is multilingual and their customer support service is also available in 23 languages and is available through phone, live chat and email. They offer different account types to their customers like mini, demo, institutional and managed and the minimum deposit required to open an account with them is $10,000 which is pretty high. They offer trade in CFDs and metals along with forex and the leverage offered is 50:1. They allow traders from United States to allow trade from their account. The withdrawal and deposit of fund can be made using wire transfers. Though the payment is limited the company makes sure that it is hassle free.

Reading the reviews is the best way to know the quality of service offered by the company to its clients and the same is true for CitiFX Pro Forex Broker. With legacy of 100 years to boast off CitiFX Pro is one of the most renowned companies in the forex market. It being associated with Citi bank makes it one of the most reliable companies in the forex market. The icing on the cake is that the company is well regulated by FINRA and SEC making it all the more reliable. The company can be easily approached as they have branches in almost all the cities. They also allow scalping and hedging to their customers and the trading platform offered is Meta Trader 4 which is the most used and reputed trading platform. Some of the disadvantages of trading with this company are that they have a very low leverage which is 1:50 and the payment option is only through wire transfer and is very limited. They have a multilingual website and customer care service which makes it easy for the customers to communicate. The average rating given to company by its users is 5.6 out of 10.

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