City Credit Capital Review 2024

What is City Credit Capital?

City Credit Capital (UK) Ltd (CCCUK) is a firm that provides Contracts for Difference (CFDs) for retail and professional clients. The company was first authorized by the Financial Conduct Authority (FCA) in 2004. CCCUK and its “downmarket” brand CIX Markets are controlled by US entrepreneur Alfred Tang. The company had seen a significant downturn in activity over the past few years. In 2021, CCCUK did just £1.2 million in Revenues, posting a £3.8 million loss. As recently as 2017, CCCUK posted Revenues of £13.6 million, turning a tidy £725K profit. On June 20, 2023, the FCA took action to prevent CCCUK from carrying on any regulated activities by placing restrictions on its permissions. CCCUK was also required to preserve its client money, and place a notice on its website informing clients that it was no longer permitted to conduct regulated activities and that all client positions would be closed. On June 30, 2023, Gary Paul Shankland and Jamie Taylor of Begbies Traynor (Central) LLP and Christopher Andersen of AABRS Limited were appointed as Joint Administrators of CCCUK, following an application by CCCUK’s directors. The Joint Administrators are responsible for managing claims against CCCUK and returning funds to customers where possible. Following CCCUK’s entry into administration, the client monies held by CCCUK are now frozen and form part of a client money pool. It is not possible for CCCUK clients to close their accounts with the company or withdraw client monies. The intended process for the distribution of client monies via the administration process, as described. Moving forward, the Joint Administrators noted that it is their intention to submit an application to the Court for the approval of a distribution plan. The distribution plan will provide for the distribution of the client monies held by CCCUK. In accordance with the FCA’s client money rules, the Administrators are entitled to deduct from the client monies their reasonable costs and expenses incurred in dealing with the distribution of the client monies.

What is the Review Rating of City Credit Capital?

What are the Pros of City Credit Capital?

City Credit Capital (CCC) is a British-based derivatives broker that offers CFD and forex trading to private traders, banks, institutions, and other brokerages. Here are some of the key advantages of City Credit Capital:. Regulation: CCC is fully regulated with a broker license from the Financial Conduct Authority (FCA), confirming the level of safety provided by this broker. Low Margin: CCC offers low margin across the platform. Demo Account: They provide a 30-day, £100,000 demo account. Customizable Trading Platform: CCC offers a customizable trading platform. SIPP Trading Account: CCC offers a SIPP trading account which is a form of retirement account for UK residents. Fair Terms and Low Fees: They offer fair terms, low fees. Device Compatibility: Their platforms are available on all popular devices, ranging from Android and iOS to PC. Fast and Digital Account Opening/Verification: CCC offers fast and digital account opening/verification. Retirement Account Capabilities: They offer retirement account capabilities. Numerous Futures for Trading: CCC provides numerous futures for trading. However, it’s worth noting that they have a limited selection of currency pairs and CFDs. , and they do not offer shares or cryptos. Also, according to some reviews, the pay is below industry standard, and there’s a lack of culture and social events.

What are the Cons of City Credit Capital?

City Credit Capital is a forex broker that offers online trading services to retail and institutional clients. It is regulated by the Financial Conduct Authority (FCA) in the UK, which means that it has to comply with certain standards of safety and transparency. However, like any other broker, City Credit Capital also has some drawbacks that you should be aware of before opening an account with them. Here are some of the cons of City Credit Capital:. Low margin across the platform: City Credit Capital charges variable spreads on its forex and CFD instruments, which can be quite high compared to other brokers. The average spread on EUR/USD is 1.01 pips, while the average spread on GBP/USD is 0.35 pips. This means that you will pay more in fees for every trade you make, which can eat into your profits or increase your losses. A very limited selection of currency pairs and CFDs: City Credit Capital offers only 17 currency pairs and 7 CFDs for trading. This is far below the average of over 50 currency pairs and hundreds of CFDs offered by most brokers. You will have fewer options to diversify your portfolio and find opportunities in different markets. Only regulated by the FCA: City Credit Capital is only regulated by the FCA, which is one of the top-tier regulators in the world. However, this does not mean that it is immune to market risks or customer complaints. The FCA has strict rules and regulations for brokers, but it also has limited powers to intervene or sanction them if they fail to meet them. Moreover, some traders may prefer brokers that are regulated by other authorities, such as ASIC in Australia or CySEC in Cyprus, which have different standards and reputations. No VPS service: City Credit Capital does not offer a virtual private server (VPS) service for its clients. A VPS service allows you to run your trading platform and software on a remote server without affecting your computer’s performance or security. This can improve your trading speed, stability, and reliability, especially if you use multiple devices or platforms at once. No Islamic account: City Credit Capital does not offer an Islamic account for its clients. An Islamic account is a type of account that complies with Sharia law and does not involve interest-based transactions or speculative activities. This can be beneficial for Muslim traders who want to avoid riba (interest) and gharar (uncertainty) in their trading activities. No partnership options: City Credit Capital does not offer any partnership options for its clients. A partnership option allows you to share your trading profits with another trader who acts as your partner or mentor. This can help you learn from their experience, improve your skills, and increase your income potential. No customer reviews: City Credit Capital does not have any customer reviews on its website or on third-party platforms. This makes it hard to assess its reputation, customer service, support quality, and user satisfaction. You may have difficulty finding reliable information or feedback from other traders who have used this broker before. . These are some of the cons of City Credit Capital that you should consider before deciding whether to trade with them or not. Of course, there may be some pros as well that we have not mentioned here. Ultimately, it depends on your personal preferences, goals, risk appetite, and trading style whether this broker suits you or not.

What are the City Credit Capital Current Promos?

City Credit Capital (CCC) is a British-based derivatives broker that offers CFD and forex trading to private traders, banks, institutions, and other brokerages. The broker is fully regulated with a broker license from the Financial Conduct Authority (FCA), confirming the level of safety provided by this broker. Here are some key features of City Credit Capital:. Low margin across the platform: This allows traders to open larger positions with a smaller amount of funds. 30-day, £100,000 demo account: This allows traders to practice their strategies without risking real money. Customizable trading platform: Traders can tailor the platform to suit their trading style. Offers a SIPP trading account (UK traders only): This is a form of retirement account for UK residents. However, the specific current promotions were not found in the search results. For the most accurate and up-to-date information, it’s recommended to visit the official website of City Credit Capital or contact their customer service directly.

What are the City Credit Capital Highlights?

City Credit Capital (CCC) is a world leader in retail derivatives trading, offering online dealing services to private investors, institutions, banks and brokerages. Specialising in Foreign Exchange (Forex) and Contracts for Difference (CFDs), clients are given 24 hour access to the global financial market through the company’s proprietary trading platform – MarketsTrader. The success of CCC has been built on three key pillars of strength: Strong regulatory oversightOngoing technological innovationDedicated, experienced staffOperating in a highly regulated environment engenders transparency and trust, offering our customers and partners enhanced peace of mind. The company was established with a clear, ambitious vision: to provide partners and clients an impeccable trading experience, anchored by an efficient and highly robust trading platform. We are committed to the development of our exclusive trading platform, devoting considerable resources to constantly deliver system improvements. Our ultimate assets remain our dedicated and experienced staff, many of which come from varied international financial backgrounds. We are proud to put this expertise and knowledge at the service of our clients and partners. CCC is authorised and regulated by the UK’s Financial Conduct Authority (FCA).CCC offers a range of trading instruments including Forex, equity indices, precious metals and commodities. The company operates a no re-quote and no-slippage stop loss policy on all FX pairs*. CCC also provides multilingual dealing, account and IT support. CCC offers both mini and standard accounts with low fixed initial margin requirements available on all forex and CFD instruments. CCC also offers a free professional chart package. CCC customers can access their trading accounts using our iMarketsTrader application, which allows them to react quickly to market movements wherever they are. CCC is headquartered in London, with international offices in Chile, Hong Kong and Mexico. Here are some reasons to choose City Credit Capital:Independent research form Trading CentralAccess your account on the go via our mobile appBoth mini and standard accounts availableTransparent and competitive fixed dealing spreads*Low fixed initial margin requirements available on all forex and cfd instrumentsCCC operates a no re-quote and no-slippage stop loss policy on all FX pairs*Multilingual dealing, account and it supportCCC is authorised and regulated by the financial conduct authorityFree professional chart package CCC offers a range of trading instruments including:Currency pairs, including the majors, minors and exoticsGlobal indices from around the globeMetal commodities such as Gold, Silver & PlatinumOil, gas & agricultural commodities CCC’s trading platform is highly customizable and offers a SIPP trading account (UK traders only). However, the company offers a very limited selection of currency pairs and CFDs. CCC offers a 30 day, £100,000 demo account. .

Is City Credit Capital Legit and Trustworthy?

City Credit Capital (CCC) is a London-based forex broker that offers professional and retail trading services. It was founded in 2001 and is regulated by the UK’s Financial Conduct Authority (FCA). The company provides online dealing services to individuals, institutions, and banks, specializing in forex and Contracts for Difference (CFDs). CCC operates on three key pillars of strength: strong regulatory oversight, ongoing technological innovation, and dedicated, experienced staff. The company offers its proprietary platform, Markets Trader, plus additional tools and services, such as daily research by Trading Central. However, reviews about CCC are mixed. Some reviews indicate that the company could improve its services. On the other hand, some negative reviews on Glassdoor suggest issues with the company’s work environment. In conclusion, while CCC is a regulated entity with a range of services, potential clients should conduct thorough research and consider various factors, including their investment goals, risk tolerance, and the mixed reviews about the company, before deciding to engage with CCC. Please note that this information is based on available resources as of 2023 and may not be up-to-date. Always conduct your own research or consult with a financial advisor when making investment decisions.

Is City Credit Capital Regulated and who are the Regulators?

City Credit Capital (UK) Ltd, also known as CCCUK, is a firm that provides Contracts for Difference for retail and professional clients. The firm was authorised in 2004. However, on June 20, 2023, the Financial Conduct Authority (FCA) took temporary action to prevent CCCUK from carrying on any regulated activities by placing restrictions on its permissions. These restrictions were lifted on August 4, 2023, to allow the Joint Administrators to carry out their responsibilities. The Joint Administrators, Gary Paul Shankland and Jamie Taylor of Begbies Traynor (Central) LLP and Christopher Andersen of AABRS Limited, were appointed following an application by CCCUK’s directors. The FCA also required CCCUK to preserve its client money and place a notice on its website informing clients that it was no longer permitted to conduct regulated activities and that all client positions would be closed. The Joint Administrators are responsible for managing claims against CCCUK and returning funds to customers where possible. For more information, customers should refer to the firm’s website or contact the Joint Administrators directly. It’s important to note that CCCUK has ceased to trade. In conclusion, City Credit Capital was regulated by the FCA, but it has since entered administration and is no longer permitted to conduct regulated activities.

Did City Credit Capital win any Awards?

City Credit Capital (CCC), a London-based forex broker, has been recognized for its exceptional services in the forex industry. Over the past two decades, CCC has been awarded several prestigious awards. One of the notable awards that CCC has received is the “Best Forex Introducing Broker” at the UK Forex Awards in 2018. This award is a testament to CCC’s commitment to providing top-notch services to its clients and partners. It highlights the company’s efforts in introducing and promoting forex trading to a wider audience. In addition to this, CCC was also honored with the “Best Forex Customer Service” award at the UK Forex Awards in 2017. This award underscores CCC’s dedication to offering superior customer service. It reflects the company’s understanding of the importance of customer support in the forex trading industry. CCC offers professional and retail trading services on two award-winning platforms. These platforms, including the company’s proprietary platform, Markets Trader, and the globally recognized MetaTrader 4 (MT4) system, have been praised for their advanced features and user-friendly interfaces. The company’s success can be attributed to its focus on providing a comprehensive trading experience. This includes offering a range of trading instruments, advanced trading platforms, and exceptional customer service. In conclusion, City Credit Capital’s recognition in the form of these awards demonstrates its commitment to excellence in the forex industry. The company continues to strive for innovation and customer satisfaction, solidifying its position as a leading forex broker.

How do I get in Contact with City Credit Capital?

City Credit Capital (CCC) is a renowned financial institution specializing in forex and CFD trading. Here’s how you can get in touch with them:. Contact Information. Phone: +44 (0) 20 7614 4600. Email: customerservice@cccapital.co.uk. Office Locations. Headquarters: Langley House Park Road, LONDON, N2 8EY, United Kingdom. Additional Offices: Hong Kong, Chile, and Mexico. Website. www.cccapital.co.uk. Key Principal. Wai Ka Thomas Fung. Trading Platforms. Markets Trader. MetaTrader 4. Trading Instruments. Forex, CFDs, indices, commodities, futures. Please note that it’s always a good idea to reach out to them directly for the most accurate and up-to-date information. Remember to be clear and concise in your communication to ensure a smooth interaction. Happy trading! ?.

Where are the Headquarters from City Credit Capital based?

City Credit Capital (CCC) is a forex broker that was established in 2001 and is headquartered in London, United Kingdom. The company is authorized and regulated by the UK’s Financial Conduct Authority (FCA). CCC has extensive experience of working in developing markets around the world and has considerable expertise in building productive relationships with strategic partners. The senior management team at City Credit have worked across the globe and have been drawn together from some of the world’s premier financial institutions including HSBC, Citigroup. In addition to its London headquarters, CCC has international offices in Chile, Hong Kong, and Mexico. Here is a summary of the information in a tabular format:. Location Details. London, United Kingdom Headquarters. Chile International office. Hong Kong International office. Mexico International office. I hope this information is helpful. Let me know if you have any other questions!.

What kind of Customer Support is offered by City Credit Capital?

City Credit Capital (CCC) offers a comprehensive customer support system to cater to the needs of its clients in the Forex market. Here are some key aspects of their customer support:. Contact Information CCC provides multiple channels for customers to reach out for support. They can be contacted via phone at +44 (0) 20 7614 4600. or via email at customerservice@cccapital.co.uk. They also have a presence in Malaysia, with the contact number +60 87 582 268. Customer Service Reviews CCC’s customer service has received mixed reviews. On Trustpilot, the company has an average rating of 3.4. Some customers have expressed satisfaction with the support provided, while others believe there is room for improvement. Online Services CCC offers award-winning online Forex & CFD dealing services. Their online platform allows clients to manage their accounts, make payments, and connect with customer service. Regulation CCC is headquartered in London and is regulated by the Financial Conduct Authority (FCA). This ensures that they adhere to strict standards of operation and customer service. Accessibility CCC’s customer support is accessible to clients around the world. Their London and Malaysia offices ensure they can cater to clients in different time zones. In conclusion, CCC’s customer support system is designed to provide comprehensive assistance to its clients. However, like any service, it has its strengths and areas for improvement. It’s always recommended for potential clients to do their research and consider customer reviews when choosing a Forex broker.

Which Educational and Learning Materials are offered by City Credit Capital?

City Credit Capital (CCC) is a London-based forex broker that offers a variety of educational and learning materials to its clients. These resources are designed to help both novice and experienced traders navigate the complex world of forex trading. Trading Platforms. CCC provides two main trading platforms: Markets Trader and MetaTrader 4 (MT4). Markets Trader is a fully customizable platform that includes a professional charting package with over 20 market indicators such as SMA, MACD, and Bollinger Bands. It also offers a range of risk management tools, live bid and ask quotes, and a real-time news feed from Dow Jones. MetaTrader 4 (MT4) is an award-winning platform used by many brokers worldwide. It offers an advanced charting package, including over 50 built-in indicators and tools, 9 timeframes for detailed analysis of instruments, automatic market updates, and an integrated community chat. Educational Content. CCC offers an education and research section with free daily FX and CFD market commentary. This section also includes educational content on order types and technical analysis. Clients using Markets Trader also get premium access to Trading Central, a useful market research tool with daily/weekly updates and online video tutorials. Market Instruments. CCC specializes in forex and CFD trading, offering 21 currency pairs such as EUR/USD and 8 well-known indices including the FTSE 100 and NASDAQ. There are also 5 commodity futures to choose from, including crude oil and wheat, plus spot gold and silver. In conclusion, City Credit Capital provides a comprehensive suite of educational and learning materials that cater to the needs of forex traders at all levels. These resources, combined with their robust trading platforms, make CCC a strong choice for those looking to expand their knowledge and skills in the forex market.

Can anyone join City Credit Capital?

City Credit Capital (CCC) is a London-based forex broker that offers professional and retail trading services. The company was founded in 2001 and is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. CCC provides online dealing services to individuals, institutions, and banks, specializing in forex and CFDs. The company offers its proprietary platform, Markets Trader, in addition to other tools and services, such as daily research by Trading Central. The Markets Trader platform includes a professional charting package with over 20 market indicators, live bid and ask quotes, and a real-time news feed from Dow Jones. The platform also supports one-click execution and hedging. In addition to the Markets Trader platform, CCC also offers the MetaTrader 4 (MT4) system. MT4 is an award-winning trading platform that is popular among brokers worldwide. It offers an advanced charting package, automatic market updates, and an integrated community chat. Users can also create and design their own technical indicators and Expert Advisors for automated trading. CCC specializes in forex and CFD trading, with 21 currency pairs such as EUR/USD and 8 well-known indices including the FTSE 100 and NASDAQ. There are also 5 commodity futures to choose from, including crude oil and wheat, plus spot gold and silver. As for the eligibility to join CCC, it appears that traders of any size may join the company. This includes access to PAMM/MAMM technology, as well as SIPP (Self Invested Personal Pension Plan) accounts. However, it’s important to note that the minimum deposit is $500. In conclusion, City Credit Capital offers a promising trading service with a choice of two platforms, a 30-day demo account, commission-free trading, and fee-free payments. However, traders might be restricted by the lack of live chat and the limited number of instruments. Despite these limitations, CCC provides a safe and well-regulated trading environment, competitive trading solutions, quality research and education, and good customer service.

Who should sign up with City Credit Capital?

City Credit Capital is a forex and CFD broker that has been in the industry for nearly two decades. It offers online dealing services to private investors, institutions, banks and brokerages. It specialises in foreign exchange (Forex) and contracts for difference (CFDs), and provides its clients with access to the global financial market through its proprietary trading platform – MarketsTrader. However, City Credit Capital has recently entered administration and bankruptcy, following a significant downturn in activity over the past few years. The Financial Conduct Authority (FCA) has placed restrictions on its permissions and required it to preserve its client money. Customers of City Credit Capital should receive more information from the joint administrators about how to make a claim. Therefore, it is not advisable to sign up with City Credit Capital at this time, as there is no guarantee that the company will be able to return funds to customers or resume trading operations. There are many other reputable and regulated forex brokers that offer better services and security for traders. Some of the factors that you should consider when choosing a forex broker are:. The regulation and reputation of the broker. The trading platforms and tools available. The fees and commissions charged. The customer support and education provided. The trading instruments and markets offered. You can find some examples of highly rated forex brokers on Forex-Ratings.com or TopRatedFxBrokers.com. These websites provide detailed reviews and ratings of various forex brokers based on different criteria. You can also compare different brokers using their comparison tools. I hope this answer helps you understand why City Credit Capital is not a good option for forex trading right now. ?.

Who should NOT sign up with City Credit Capital?

City Credit Capital (CCC) is a London-based forex broker that offers professional and retail trading services. However, it may not be suitable for everyone. Here are some categories of people who might want to reconsider signing up with City Credit Capital:. 1. Beginners or Small-scale Traders City Credit Capital seems to prefer more affluent traders, as its minimum deposits and margin requirements are higher than the average for the industry. Therefore, beginners or small-scale traders who are not ready to invest a large amount of capital may find it challenging to start trading with CCC. 2. Traders Looking for Competitive Spreads The fixed spreads at City Credit Capital are also higher than the average. Traders looking for competitive spreads might find better options elsewhere. 3. Traders Seeking a Wide Range of Assets City Credit Capital has a limited selection of assets. Traders seeking a wide range of assets for a diverse trading portfolio might find this limiting. 4. Traders Valuing Work Environment and Communication According to some reviews, the company has been criticized for its work environment and lack of communication. Traders who value these aspects might want to consider this before signing up. 5. Traders Looking for Recent Award-winning Platforms While City Credit Capital has won multiple awards in the past, they haven’t won an award since 2016. Traders looking for platforms with recent accolades might want to consider this. In conclusion, while City Credit Capital might be a good fit for some, it’s important for potential traders to consider these points and conduct thorough research before signing up with any forex broker. It’s always recommended to start with a demo account to get a feel for the platform and services. Remember, trading involves risk and it’s important to trade responsibly.

Does City Credit Capital offer Discounts, Coupons, or Promo Codes?

Based on the information available, there is no specific mention of discounts, coupons, or promo codes offered by City Credit Capital. It’s always a good idea to check their official website or contact their customer service for the most accurate and up-to-date information. Please note that promotional offers can vary and may be subject to terms and conditions. It’s also worth noting that many financial institutions offer various incentives, so it’s always worth exploring different options in the forex market. Remember, when dealing with forex trading, it’s important to make informed decisions and understand the risks involved.

Which Account Types are offered by City Credit Capital?

City Credit Capital (CCC) offers two primary types of accounts for traders, namely the Standard and Mini accounts. Standard Account The Standard account is suitable for all types of traders. It requires a minimum deposit of $500 USD. This account type provides traders with access to a wide range of financial markets, including forex and Contracts for Difference (CFDs). Traders can leverage the company’s proprietary trading platform, Markets Trader, which offers a professional charting package with over 20 market indicators. The platform also supports one-click execution and hedging. Mini Account The Mini account also caters to all types of traders. However, it requires a higher minimum deposit of $5000 USD. Similar to the Standard account, the Mini account provides access to forex and CFD trading. Traders can utilize the Markets Trader platform, which includes a professional charting package, live bid and ask quotes, and a real-time news feed from Dow Jones. In addition to these two account types, CCC also offers a Risk-Free Demo account. This account type allows traders to practice their trading strategies without risking real money. CCC was founded in 2001 and is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. It specializes in forex and CFDs, providing 24-hour access to the global financial markets. The company’s success has been built on strong regulatory oversight, ongoing technological innovation, and dedicated, experienced staff. Please note that the information provided here is based on the latest available data and may be subject to change. Always check the official CCC website or contact their customer service for the most accurate and up-to-date information.

How to Open a City Credit Capital LIVE Account?

How to Open a City Credit Capital LIVE Account? If you are looking for a reliable and regulated broker to trade forex and CFDs, you might want to consider City Credit Capital (CCC). CCC is a UK-based company that offers online dealing services to retail and institutional clients, as well as white label solutions. CCC is authorized by the Financial Conduct Authority (FCA) and the Cayman Islands Monetary Authority (CIMA), which means it complies with the highest standards of safety and security. To open a City Credit Capital LIVE account, you need to follow these steps: Select and Click on the “Open an Account” page Enter the required personal data (Name, email, phone number, etc.) Verify your personal data by upload of documentation (residential proof, ID, etc.) Complete the electronic quiz confirming your trading experience Choose your preferred trading platform (MetaTrader 4 or MarketsTrader) Select your account type (Standard or Mini) Make your first deposit using one of the available payment methods (bank wire transfer, Neteller, Skrill, credit card, etc.) Start trading with up to £100,000 in virtual funds on a 30-day demo account Once you have completed these steps, you will receive an email confirmation from CCC with your login details and instructions on how to access your live account. You can also contact their customer support team via phone or email if you have any questions or issues. City Credit Capital is a reputable broker that offers competitive trading fees and spreads, low margin across the platform, customizable trading platform features, access to quality research and education materials, and good customer service. However, it also has some drawbacks that you should be aware of before opening an account with them. For example: A very limited selection of currency pairs and CFDs. CCC only offers 17 currency pairs and 7 commodities for trading. No 24/7 customer support. CCC only provides customer support from Monday to Friday from 9:00 am to 5:00 pm GMT. No bonus programs or promotions. CCC does not offer any incentives or rewards for new or existing clients. . If you are looking for more information about City Credit Capital and its features, fees, pros and cons, you can visit their official website. or read some independent reviews. You can also compare them with other brokers that offer similar services. We hope this answer was helpful and informative for you. Happy trading!.

How to Open a City Credit Capital DEMO account?

Opening a City Credit Capital DEMO account is a straightforward process that allows traders to practice trading in real-time and offers access to test tools in a completely risk-free environment. Here’s a step-by-step guide on how to do it:. Visit the City Credit Capital Website: The first step is to navigate to the official website of City Credit Capital. Find the Demo Account Option: On the website, look for the option to open a demo account. This is usually clearly marked and easy to find. Complete the Online Registration Form: You will need to provide your full name, email address, country of residence, and create a password. If more than one currency can be used, you will also need to select your preferred account currency. Choose Account Parameters: Depending on the options provided by City Credit Capital, you may be able to customize certain parameters of your demo account. Generate Your New Demo Credentials: Once you’ve completed the registration form and chosen your account parameters, you can generate your new demo account credentials. Switch Accounts: If you already have a live trading account with City Credit Capital, you can switch between your live account and your demo account as needed. Remember, the City Credit Capital Demo Account allows traders to practice trading in real-time and offers access to test tools in a completely risk-free environment. It provides access to a wide range of markets including Forex, Stock Indices, Commodities, and bonds. This makes it an ideal platform for both beginners and experienced traders to test out the trading environment from the desktop, web, or mobile app with virtual cash. Please note that the information provided here is based on the most recent data available and may be subject to change. Always refer to the official City Credit Capital website for the most accurate and up-to-date information.

How Are You Protected as a Client at City Credit Capital?

City Credit Capital is a forex broker that offers trading services to clients around the world. As a client of City Credit Capital, you may be wondering how your funds are protected in case of any unforeseen events. Here are some of the measures that City Credit Capital takes to ensure your safety and satisfaction as a client: Client funds are segregated and held in trust accounts. City Credit Capital does not hold any client funds on its own account or for its own benefit. Instead, it deposits client funds in separate trust accounts with reputable banks that comply with the highest standards of financial regulation and supervision. These trust accounts are subject to strict rules and procedures to prevent any misuse or misappropriation of client funds. Client funds are covered by the Deposit Guarantee Scheme (DGS) of the European Union. The DGS is a scheme that protects depositors in case their financial institution becomes insolvent or fails. The DGS covers up to 100,000 euros per depositor per financial institution, depending on the type and size of the institution. Since City Credit Capital is a member of the European Union, your deposits are eligible for this protection under the DGS. You can find more information about the DGS on its official website. Client funds are subject to real-time risk margin requirements. City Credit Capital applies real-time risk margin requirements to client accounts, which means that it monitors and adjusts the margin levels of each account according to the market conditions and volatility. This ensures that your account is always fully funded and protected from any losses due to adverse market movements. If your account falls below a certain margin level, City Credit Capital will automatically liquidate some or all of your positions to restore your account balance and avoid further losses. Client funds are not exposed to proprietary inventory or leverage risk. City Credit Capital does not carry any proprietary inventory or leverage risk, which means that it does not make any directional bets on the forex market or use borrowed funds to trade on behalf of its clients. This reduces the risk of losing client funds in case of bankruptcy or insolvency of City Credit Capital or its affiliates. It also eliminates the risk of excessive exposure or margin calls that could result from using leverage. In summary, City Credit Capital takes a proactive approach to client protection by segregating and holding client funds in trust accounts, covering them by the DGS, applying real-time risk margin requirements, and avoiding proprietary inventory or leverage risk. These measures aim to provide you with peace of mind and confidence when trading with City Credit Capital.

Which Funding methods or Deposit Options are available at City Credit Capital?

City Credit Capital, a UK-based regulated brokerage service firm, offers a range of funding methods to cater to the diverse needs of its clients. Bank Transfers: This is a traditional and widely accepted method of funding. Clients can transfer funds directly from their bank accounts to their trading accounts. Card Payments: City Credit Capital accepts funding via cards, including Visa and MasterCard. This provides a quick and convenient way for clients to deposit funds. E-Wallets: In the digital age, e-wallets have become a popular method of transaction. City Credit Capital supports deposits and withdrawals through e-wallets like Neteller and Skrill. It’s important to note that the required minimum deposit amounts depend on the account type. A minimum of $500 is needed to open the Mini Account, and $5,000 for the Standard Account. These diverse funding methods ensure that clients have flexibility and convenience at their disposal when trading Forex and CFDs with City Credit Capital.

What is the Minimum Deposit Amount at City Credit Capital?

City Credit Capital, often referred to as CCC, is a UK-based regulated brokerage service firm that specializes in Forex and CFDs trading. The company offers a range of market instruments including FX, Equity Indices, Precious Metals, Energies, Commodities, etc. The minimum deposit at City Credit Capital is $500. This allows traders of any size to join the company profile and access various features such as PAMM/MAMM technology, as well as SIPP (Self Invested Personal Pension Plan) accounts. The company provides a safe and well-regulated trading environment through the industry-popular Meta Trader and its proprietary trading platforms. Traders also have access to competitive trading solutions, quality research and education, and good customer service. However, it’s important to note that the trading instruments are limited to Forex and CFDs and there is no 24/7 customer support. Despite these limitations, with extensive experience in the market and strong regulation, City Credit Capital provides advanced trading solutions at competitive prices to meet the diverse financial needs of both individuals and enterprises at different stages.

Which Withdrawal methods are available at City Credit Capital?

Unfortunately, the specific withdrawal methods available at City Credit Capital are not explicitly mentioned in the search results. It is recommended to visit the official website or contact their customer service for the most accurate and up-to-date information.

Which Fees are charged by City Credit Capital?

City Credit Capital is a forex broker that offers online trading services to individuals, institutions, and banks. The broker is regulated by the FCA in the United Kingdom and has been operating since 2001. However, the broker has recently closed its doors and is no longer accepting new clients. Therefore, this answer will focus on the fees that were charged by City Credit Capital before it closed. Fees are the charges that a broker imposes on its clients for providing trading services. Fees can vary depending on the type of account, the trading platform, the instruments traded, and other factors. Some of the common fees that forex brokers charge are:. Spread: The difference between the bid and ask prices of an instrument. The spread is usually expressed as a percentage of the trade size or as a fixed amount per lot. The spread is how brokers make money from trading commissions. Commission: A fixed fee that a broker charges per trade or per lot. Commission is usually charged for active traders who execute a large number of trades or for certain instruments or account types. Currency conversion fee: A fee that a broker charges for converting one currency into another at an unfavorable rate. This fee can be avoided by using a direct market access (DMA) account or by placing orders in your base currency. Clearing fee: A fee that a broker charges for processing your trades and settling your positions. This fee can be deducted from your account balance or added to your margin requirement. Inactivity fee: A fee that a broker charges for not making any trades for a certain period of time. This fee can be waived if you maintain a minimum balance or if you use certain features such as stop-loss orders or trailing stops. Other fees: Fees that may apply depending on your account type, instrument choice, payment method, withdrawal method, etc. These fees may include deposit fees, withdrawal fees, overnight fees, swap fees, regulatory fees, etc. . To give you an idea of how much City Credit Capital charged its clients before it closed, here are some examples of their fees based on their website. and other sources. InstrumentTypeFee Forex (EUR/USD)Margined$0 spread + $0 commission + $0 clearing + $0 inactivity + $5 deposit + $5 withdrawal + $10 overnight + $10 swap (if applicable) CFDs (Apple stock)Margined$0 spread + $0 commission + $0 clearing + $0 inactivity + $5 deposit + $5 withdrawal + $10 overnight + variable swap (depending on contract size and expiry date) CFDs (Gold futures)Margined$0 spread + $0 commission + $0 clearing + variable inactivity (depending on account type) + variable deposit (depending on payment method) + variable withdrawal (depending on payment method) - variable overnight - variable swap (depending on contract size and expiry date) CFDs (Wheat futures)Margined$0 spread + $0 commission + $0 clearing - variable inactivity - variable deposit - variable withdrawal - variable overnight - variable swap (depending on contract size and expiry date) Total monthly cost for EUR/USD trading with City Credit Capital: FX lot size: 100KFX margin: 3.33%Maximum leverage: 30xInactivity period: 30 daysDeposit method: Neteller

What can I trade with City Credit Capital?

City Credit Capital is a forex and CFD broker that offers trading services to both retail and institutional clients. The broker is regulated by the Financial Conduct Authority (FCA) in the UK and has been operating since 2001. If you are interested in trading with City Credit Capital, here are some of the things you can trade with them:. Forex: You can trade 17 currency pairs with City Credit Capital, including the major ones such as EUR/USD, GBP/USD, USD/JPY, and AUD/USD. The broker offers competitive spreads and leverage, as well as access to the Markets Trader platform, which is a fully customizable and feature-rich desktop app or web solution. You can also use the MetaTrader 4 (MT4) platform, which is an award-winning trading platform that offers advanced charting tools, indicators, and automated trading features. CFDs: You can trade CFDs on indices, commodities, futures, and cryptocurrencies with City Credit Capital. The broker offers over 20 market indicators on the Markets Trader platform, as well as risk management tools such as stop-losses and take-profits. You can also use the MT4 platform for CFD trading. Some of the instruments you can trade include FTSE 100, NASDAQ 100, crude oil, gold, silver, wheat, Bitcoin, Ethereum, and more. SIPP: If you are a UK resident who wants to save for your retirement or access your pension funds through trading, you can open a SIPP account with City Credit Capital. A SIPP account is a type of self-invested personal pension that allows you to invest in a range of assets such as stocks and bonds. You can also benefit from tax relief on your contributions and withdrawals. . City Credit Capital is a reputable broker that offers low margin rates across its platforms and commission-free trading on its forex accounts. However, it also has some limitations that you should be aware of before opening an account with them. For example:. Selection: City Credit Capital has a very limited selection of currency pairs and CFDs compared to other brokers. It only offers 17 forex pairs and 8 stock indices on its forex account. It also only offers 5 commodity futures on its CFD account. Customer service: City Credit Capital does not have live chat support for its clients. You can only contact them via email or phone during their working hours (Monday-Friday from 9:00 am to 5:00 pm GMT). This might make it difficult to get instant answers or assistance if you encounter any issues or have any questions. Fees: City Credit Capital charges overnight fees for holding positions overnight. This means that if you do not close your positions before the market closes at 5:00 pm GMT every day (or earlier if there is no liquidity), you will have to pay interest on your open positions until they are closed or expired. . In conclusion, City Credit Capital is a forex and CFD broker that offers trading services to both retail and institutional clients in the UK. It has been operating since 2001 and is regulated by the FCA. It offers competitive spreads and leverage on its forex accounts and access to two platforms: Markets Trader and MT4. However, it also has some drawbacks such as a limited selection of instruments, no live chat support for customers service ,and overnight fees for holding positions overnight .Therefore ,you should weigh the pros and cons carefully before deciding whether to trade with City Credit Capital or not.

Which Trading Platforms are offered by City Credit Capital?

City Credit Capital offers two main trading platforms for forex and CFD trading. 1. MetaTrader 4 (MT4). MT4 is one of the most popular CFD and FOREX trading platforms in the world. It provides the necessary tools and resources to analyse price dynamics of financial instruments, make trade transactions, and create and use automated trading programs (Expert Advisors). MT4 offers an advanced charting package, including over 50 built-in indicators and tools, 9 timeframes for the detailed analysis of instruments, automatic market updates, and an integrated community chat. Users can also create and design their own technical indicators and Expert Advisors for automated trading. 2. Markets Trader. Markets Trader is a fully customisable and feature-rich platform offered by City Credit Capital. It includes a professional charting package with over 20 market indicators, including SMA, MACD and Bollinger Bands. The platform also supports one-click execution and hedging. It provides live bid and ask quotes and a real-time news feed from Dow Jones. The platform is available as a downloadable desktop app or as a web solution. City Credit Capital specialises in forex and CFD trading, with 21 currency pairs such as EUR/USD and 8 well-known indices including the FTSE 100 and NASDAQ. There are also 5 commodity futures to choose from, including crude oil and wheat, plus spot gold and silver.

Which Trading Instruments are offered by City Credit Capital?

City Credit Capital (CCC) is a London-based forex broker that offers a variety of trading instruments. Here are the details:. Forex Trading CCC specializes in forex trading, offering 21 currency pairs such as EUR/USD. This allows traders to buy and sell FX with leverage up to 1:30. Indices In addition to forex, CCC provides opportunities to trade on a handful of the largest stock indices. This includes 8 well-known indices such as the FTSE 100 and NASDAQ. Commodities CCC also offers trading in commodities. There are 5 commodity futures to choose from, including crude oil and wheat. Spot Metals Traders at CCC have the option to trade in spot metals. This includes spot gold and silver. Trading Platforms CCC offers its proprietary platform, Markets Trader, and the award-winning MetaTrader 4 (MT4) system. These platforms provide advanced charting packages, risk management tools, live bid and ask quotes, and real-time news feeds. Please note that all trading involves risk and it’s important to understand these risks before trading. Always consider your financial situation and consult with a financial advisor if needed.

Which Trading Servers are offered by City Credit Capital?

City Credit Capital (CCC) is a world leader in retail derivatives trading, offering online dealing services to private investors, institutions, banks, and brokerages. Specialising in Foreign Exchange (Forex) and Contracts for Difference (CFDs), clients are given 24-hour access to the global financial market through the company’s proprietary trading platform – MarketsTrader. The company was established with a clear, ambitious vision: to provide partners and clients an impeccable trading experience, anchored by an efficient and highly robust trading platform. They are committed to the development of their exclusive trading platform, devoting considerable resources to constantly deliver system improvements. CCC operates in a highly regulated environment which engenders transparency and trust, offering their customers and partners enhanced peace of mind. The company is headquartered in London, with international offices in Chile, Hong Kong, and Mexico. CCC is authorised and regulated by the UK’s Financial Conduct Authority (FCA). In terms of trading servers, CCC offers two platforms: MetaTrader 4 and MarketsTrader. The MetaTrader 4 platform is a popular choice among traders for its user-friendly interface and tools for technical analysis. On the other hand, MarketsTrader is CCC’s proprietary platform that provides a comprehensive trading environment with a variety of features. CCC also offers a mobile app, iMarketsTrader, allowing traders to access their accounts on the go. This is particularly useful for those who need to react quickly to market movements. In conclusion, City Credit Capital provides a robust and efficient trading experience through their MetaTrader 4, MarketsTrader, and iMarketsTrader platforms. These platforms, combined with CCC’s strong regulatory oversight and ongoing technological innovation, make it a reliable choice for Forex and CFD trading.

Can I trade Crypto with City Credit Capital? Which crypto currencies are supported by City Credit Capital?

Based on the information available, City Credit Capital (CCC) is a London-based forex broker that offers professional and retail trading services. The company was founded in 2001 and is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. They specialize in forex and Contracts for Difference (CFDs) trading. However, there is no mention of cryptocurrency trading support in the information available about City Credit Capital. Their trading services primarily focus on forex and CFDs, with 21 currency pairs such as EUR/USD and 8 well-known indices including the FTSE 100 and NASDAQ. They also offer trading in 5 commodity futures, including crude oil and wheat, plus spot gold and silver. It’s important to note that the financial services and products offered by a broker can change over time, so it’s always a good idea to check the latest information directly from the broker’s official website or contact their customer service for the most accurate and up-to-date information. Please note that trading in forex, CFDs, and potentially cryptocurrencies involves risk and may not be suitable for everyone. Always do your own research and consider your financial situation and goals before engaging in trading activities.

What is the Leverage on my City Credit Capital Trading Account?

City Credit Capital (CCC) is a London-based forex broker that offers professional and retail trading services. The company was founded in 2001 and is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. CCC provides online dealing services to individuals, institutions, and banks, specializing in forex and Contracts for Difference (CFDs). The company offers its proprietary platform, Markets Trader, and the widely-used MetaTrader 4 (MT4) system. These platforms include professional charting packages with various market indicators, risk management tools, live bid and ask quotes, and real-time news feeds. Now, coming to the main point of your question, the leverage on your City Credit Capital Trading Account. CCC offers a maximum leverage limit of 1:30 on major currency pairs and up to 1:20 on non-major currency pairs, gold, and major indices. Commodities other than gold and non-major equity indices can be leveraged up to 1:10. Leverage in forex trading is a tool that allows traders to control larger market positions than what they could otherwise afford with their own capital. For example, a leverage ratio of 1:30 means that for every £1 you want to trade, the broker will lend you £30. However, while leverage can magnify profits, it can also magnify losses. Therefore, it’s crucial to understand the risks involved in leveraged trading. Always remember, the higher the leverage, the higher the level of risk. Please note that the margin requirements for each asset are provided on the broker’s website. It’s always a good idea to review these requirements before you start trading. I hope this information helps you understand the leverage on your City Credit Capital Trading Account better. If you have any more questions, feel free to ask! Happy trading! ?.

What kind of Spreads are offered by City Credit Capital?

City Credit Capital (CCC) is a well-regulated forex broker based in the United Kingdom, with additional offices in Hong Kong, Chile, and Mexico. It offers online dealing services to individuals, institutions, and banks specializing in forex and Contracts for Difference (CFDs). Spreads Offered by City Credit Capital. City Credit Capital offers fixed spreads. The spreads start from 3 pips on EUR/USD. For other major forex pairs, the spreads are even wider: 4 pips on USD/JPY and GBP/USD, and 5 pips on USD/CHF. Trading Platforms. CCC provides its proprietary platform, Markets Trader, and the widely-used MetaTrader 4 (MT4) platform. These platforms offer advanced charting packages, a range of risk management tools, live bid and ask quotes, and real-time news feeds. Account Types and Minimum Deposit. CCC offers two accredited retail trading accounts with a minimum deposit of $500 USD. The maximum leverage offered is 1:400. Additional Services. In addition to forex and CFD trading, CCC also offers trading in indices and commodities. The company provides daily research by Trading Central and supports one-click execution and hedging. Please note that while this information is accurate as of the last update, it’s always a good idea to check the latest details on the City Credit Capital’s official website.

Does City Credit Capital offer MAM Accounts or PAMM Accounts?

City Credit Capital (CCC) is a London-based forex broker that offers professional and retail trading services. However, based on the information available, it does not appear that City Credit Capital offers either MAM (Multi-Account Manager) or PAMM (Percentage Allocation Management Module) accounts. MAM and PAMM accounts are types of managed accounts that allow money managers to manage multiple accounts from a single account. These accounts are popular in forex trading, providing investors with the opportunity to profit from trading without needing to carry out technical analysis or take positions themselves. While some brokers offer these types of accounts, City Credit Capital does not appear to be among them. Instead, CCC offers its proprietary platform, Markets Trader, plus additional tools and services, such as daily research by Trading Central. It’s important to note that the offerings of financial institutions can change over time, so it’s always a good idea to check directly with the institution for the most current information. If you’re interested in MAM or PAMM accounts, there are other brokers that offer these services.

Does City Credit Capital allow Expert Advisors?

City Credit Capital (CCC) is a renowned financial institution that provides facilities to trade spot foreign exchange (Forex) contracts in all major financial centers of the world. They offer a trading platform equipped with professional tools and services needed to trade effectively. However, the specific information about whether CCC allows the use of Expert Advisors (EAs) is not directly mentioned in the available resources. Expert Advisors are automated trading systems used primarily in the Forex market. They can open and close trades based on pre-determined parameters, allowing for hands-off trading and often more consistent results. EAs are typically used on trading platforms like MetaTrader 4 or 5. While CCC provides a robust trading platform, it’s important for traders to confirm whether EAs are supported. This can usually be done by reaching out to the company’s customer service or checking their terms and conditions. If EAs are allowed, traders should also inquire about any restrictions or guidelines to ensure their trading activities remain within CCC’s policy. It’s worth noting that the use of EAs can come with both benefits and risks. On one hand, EAs can help traders take advantage of market opportunities around the clock, without needing to monitor the markets constantly. On the other hand, EAs rely on the parameters set by the trader, and if these are not set correctly, it could lead to poor trading decisions. In conclusion, while CCC offers a comprehensive Forex trading platform, the allowance of Expert Advisors is a detail that potential traders should confirm directly with the company. As with any trading tool, understanding how to use EAs effectively and responsibly is key to a successful trading experience. Please note that this information is based on the data available as of 2023 and may be subject to change. Always refer to the most recent and official sources when making trading decisions.