City Credit Capital Review | Forex Broker Rating 2019

Looking for the best forex broker? Your search is over. Read our City Credit Capital review to evaluate the pros and cons of this online forex broker and choose on the basis of data if it is suitable for your needs. This article is dedicated to reviewing one of the best regulated brokers and to give you a clearer idea of what to expect in case you decide to open an account with them.

City Credit Capital Review

City Credit Capital is a British brokerage that offers foreign exchange, as well as contract for difference markets. Founded in 2001, City Credit Capital is probably one of the oldest brokerage firms in the United Kingdom if not the world. They have strong regulatory oversight, are known for technical innovation, and have some of the most experienced staff available.

Trading accounts

City Credit Capital offers to accounts, the Many and the Standard. The Mini account offers the ability to trade 10,000 unit sized trades, while the Standard account only offers full lots, or 100,000 units. The markets both offer the same ability to play the global markets, and many of the same benefits.

The company

City Credit Capital has been operating out of the City of London for a couple of decades, showing retail traders the benefits of being involved in foreign exchange, as well as CFD markets. This gives clients the ability to trade the world from one account. They are headquartered in London, but they also have international offices in Hong Kong and São Paulo. They are regulated by the Financial Conduct Authority out of the United Kingdom.

Trading conditions

 Initial deposit

The initial deposit depends on the accounts being open, as the Mini account requires a minimum deposit of $500. The Standard account requires a minimum deposit of $5000. Because of this, it will come down to what kind of trading capital you have as to which account you will be using. The accounts both use the same types of platform, as well as the same variable maximum leverage, depending on the market.

Spreads and conditions

City Credit Capital offers multiple markets to get involved in, including precious metals, CFD commodity futures, CFD index futures, and of course Forex. Spreads of course will change drastically depending on the market.

Leverage

Leverage is drastically different as mentioned previously. It is variable depending on the liquidity of the market trading. For example, equity indexed CFD markets offer 1:20, while CFD commodity futures offer 1:10. Gold is a bit better than silver, and Forex markets range anywhere from 1:33 to 1:20 depending on the market.

Trading platforms

City Credit Capital offers a couple of different platforms for you to trade the markets. Markets Trader is their award-winning platform that is standard, but they also have iMarkets Trader, which is a mobile version of the same platform. They also offer the world renowned and common MetaTrader 4 platform. This allows you to run expert advisors, as well as robots, and custom indicators.

Payment methods

City Credit Capital allows deposits and payments via bank wire, credit card, Neteller, Moneybookers, and a few other minor venues.

Extras

City Credit Capital offers a bit of educational information, but it isn’t necessarily the greatest. It is mainly written articles, so therefore it’s not necessarily where new traders are going to go to learn how to trade. It’s not that there isn’t any information, it’s just that you will find plenty of information on free sites around the Internet. That being said, this isn’t a major issue. They do have analysis though, which is relatively good. Because of this, this is more or less going to be thought of as a brokerage that experienced traders may like, but brand-new traders may wish to look for other brokerages that are a bit more apt to hold their hands.