CitiFX Pro Review
Confidence and a reliable partner are what every trader is looking for when playing at the global financial markets. While not every broker can boast absolute credibility and compliance, one dealer is outshining the competitors – CitiFX Pro.
CitiFX Pro Essentials
CitiFX Pro is a Forex broker and a structural subdivision of a globally-known investment holding CitiGroup Inc, which, in turn, includes one of the largest banks of the planet – CitiBank. CitiGroup Investment Corporation has been in the financial business for more than two centuries already.
Thanks to the solid background, CitiFX Pro has made truly a global footprint with their physical presence in more than 80 countries and 1400 well-trained and dedicated staff. Such a broad network of representatives empowers CitiFX Pro to provide its clients with unparalleled insight into global financial markets and excellent liquidity.
Along with CFDs on stocks, options, and precious metals, the broker offers a choice of more than 140 exchange currencies including exotica, which is considered one of the broadest FX selections among international brokers.
The dealer has been providing online margin trading services in international over-the-counter currency markets since 2008. CitiFX Pro is registered in New York, USA, which makes it one of the few Forex brokers in the world without the offshore regulation.
The broker is dual-licensed (by NFA and CFTC), which gives CitiFX Pro the right to provide investment services to the US residents – the possibility the overwhelming majority of modern brokerage firms cannot offer their clientele.
Trading conditions
Despite all its brilliance and reliability, CitiFX Pro is a hard-to-start broker because it sets an extravagantly high minimum deposit of $1000 to open a real account. Such a high barrier entry drives novice and low-scale traders away allowing only professional and institutional-level clients to cooperate with CitiFX Pro.
As for the trading conditions, the broker has lots of limitations, too, including:
- No support of Islamic accounts
- No PAMM
- No support of trading with oil, indices, commodities, and ETFs
There are three types of account offered: Standard (min deposit is $10000), Premium (min deposit is $50000), and Premium Commission (min deposit is $50000). Jobs can be done on the next trading software:
- CitiFX Prime
- CITIFX InstantFX
- CITIFX Velocity Trading
- CitiFX Intelligent Orders
- CitiFX Pulse
- CitiFX Click
- MetaTrader4
- Mobile Trading
As for banking methods, CitiFX Pro is very discriminating either: it accepts payments and processes withdrawals exclusively via wire transfers.
Additional Info
Operating peculiarities:
- Backed by the Citigroup Corporation, CitiFX Pro is one of the largest and most reliable brokers ever.
- The dealer may not be a good fit for less-experienced traders due to a high entry barrier
- No demo account is available
- The broker is focused on Forex trading, so you cannot trade commodities, indices, ETFs with this company.
