|💻 Demo Account:||Yes |
|⚖ Allows Hedging:||Yes|
|🔪 Allows Scalping:||Yes|
|🏢 Headquarters:||New York, NY, USA|
|📈 Trading Platform(s):||CitiFX Pro Desktop, CitiFX Pro Web, CitiFX Pro Mobile, MetaTrader4|
|📜 Regulating Authority(s):||CFTC, NFA, FCA|
|💰 Minimum Deposit:||$10000|
|📣 Maximum Leverage:||50:1|
Visit CitiFX Pro
Risk Warning: Your capital may be at risk
CitiFX Pro is an interesting online retail forex trader in the sense that it is one of the few operating under a major global bank. Being a service offered by Citibank certainly offers peace of mind to forex traders in the sense that they do not have to worry about liquidity. As an American financial services firm, CitiFX pro is regulated by various agencies, including the Federal Reserve and the Office of the Comptroller of the Currency.
As expected, CitiFX Pro offers an advanced proprietary trading platform available in desktop, Web and mobile versions. Traders who are used to the popular MetaTrader 4 platform are able to stay on it even if they transfer their funds into a new CitiFX Pro account. Advanced traders may even qualify to use a Thomson Reuters 3000 Xtra terminal.
Spreads at CitiFX Pro are determined by the account level. Standard accounts require a $10,000 deposit, and they offer a 1.6 spread on EUR/USD with a 2 percent margin requirement on trades of at least 5,000 euros. The spread pricing improves to 1.2 for premium accounts with at least $50,000. The commissions charged at the premium account level are very competitive: just $35 for every million dollars transacted.