Citi FX Pro Overview
Regulation CFTC , NFA , FCA
Accepts US Clients: Yes
Min. Deposit: $10000
Platforms: CitiFX Pro Desktop , CitiFX Pro Mobile , CitiFX Pro Web , MetaTrader 4
|Type of Broker||Dealing Desk|
|Islamic Account (Swap Free)|
|Deposit Options||Bank Wire Transfer|
|Withdrawal Options||Bank Wire Transfer|
Bonus & Rewards
|No Deposit Bonus|
|Bonus for First Deposit|
|Is the Bonus Based on the Volume of the Transaction?|
|Platform Type||CitiFX Pro Desktop, CitiFX Pro Mobile, CitiFX Pro Web, MetaTrader 4|
|OS Compatibility||Windows , Android|
|Streaming News Feed|
|Trade From Charts|
|Guaranteed Stop Loss|
|Guaranteed Limit Orders|
|Interest on Margin|
|Customer Support Languages||English, Italian, German, French, Greek, Hebrew, Dutch, Arabic, Japanese, Bulgarian, Czech, Danish, Farsi, Hindi, Hungarian, Indonesian, Korean, Lithuanian, Malaysian, Norsk|
|Customer Service Hours||24h|
|Place Trades Over the Phone?|
Citi FX Pro Overview
Citi has a legacy of over 100 years in the FX markets. During this period, we have served leading corporations, hedge funds and other investors, banks and governments. CitiFX Pro was launched to provide individual and institutional clients the opportunity to trade FX with a global leader.
CitiFx Pro become one of the more credible online financial trading platforms to the global retail trading community. Today, aside from offering spot forex, clients of CitiFx Pro also offer their clients the opportunity to deal with contract for difference (CFDs) and precious metals.
Through their connection with the Citi Group, CitiFx Pro is also able to offer their clients more 130 currency pairs including exotic pairs for trading. This is much more than any of what the other online trading platforms are offering today.
There are four types of trading platforms for traders at CitiFx Pro to choose from:
- CitiFx Pro Desktop
- CitiFx Web Trader
- CitiFx Mobile Trader
- CitiFx MT4
CitiFx Pro Desktop
A proprietary trading platform which can be downloaded and installed on a desktop. Some of the features of the trading platform include charting tools, fully customized workspace, one-click execution and trading modules.
CitiFx Web Trader
A web version of the CitiFX Pro Platform. Apart from having all the features of the desktop version, the CitiFx Web Trader also allow traders to trade the markets from any web browser.
CitiFx Mobile Trader
At CitiFX Pro, traders also have the ability to trade the markets with their mobile devices. The mobile platform support both blackberry and iPhone. in addition to being able to monitor their trades in real time, traders are also alerted if their margin approaches critical levels.
CitiFx Pro also provided their clients with their new and improved MT4 platform. The MT4 platform is well known for its reliability as well as the range of powerful tools that traders can depend on for their analysis. In addition, traders can further enhance their trading experiences with the use of expert advisors (EAs) for automated trading.
Depending on the type of trader you are, you can choose from a standard trading account, premium account or institutional account.
Geared toward retail traders wanting the benefits of dealing with global banking group. With reasonably low spreads and access to the MT4 platform, traders need a minimum of $10,000 to open a standard account.
With traders wanting more competitive pricings and security of funds, they can opt for the premium account. All USD denominated trading accounts at CitiFx Pro are FDIC insured up to $250,000. In addition, traders also have the option of transacting their trades based on commission instead spreads. To open a premium account, traders will need to deposit a minimum of $50,000.
For institutions or professional traders like money manager or hedge funds, they can opt to open an institutional account with CitiFx Pro. The institutional account comes with flexible pricings, full suite of back office services, FIX API package and access to in-house expert insight and analysis the use of Reuters workstation terminal.
Apart from live trading accounts, CitifxPro also offer the traders a trail run of their services with a free 30 days demo account. Traders will get access to all the four different types of platforms as if they were trading live.
Commission & Spreads
Depending on the type of trading account, traders pay as long as 1.2 pips spreads on major pairs. In addition, traders can also opt for commission based pricing if they so wish. Customized bid-ask spread sets are also available on a case by case basis at the discretion of CitiFx Pro.
With a long banking history dating back to the late 1800s, there is no doubt that the Citi group had picked up a few things along the way about good customer service. The tradition of serving the needs of their clients with the utmost dedication has also rubbed off to the way CitiFx Pro treated their clients.
CitiFx Pro’s clients will find that help is always available to them at the touch of a button 24/5. Continual access is guaranteed with multiple channels of communication such as live chat, email and telephone.
With a banking conglomerate behind them, CitiFx Pro is no doubt one of the most credible online platforms around today. Their operations are fully transparent and properly regulated. With their clients’ funds FDIC insured up to$250,000, they have the highest level of consumer protection that is currently being offered by any online broker.
- Back by the reputable Citi Group Brand
- Clients’’ funds are FDIC Insured
- Professional First Class Customer Support
- Trade in over130 currency pairs
- Trade with Award winning Platform
- Variable spreads with a choice for commission based pricing
- Cater More To Experienced Traders Only
- High Minimum Initial Deposit Of $10,000
- Laborious Sign Up Process
There is no doubt that CitiFx Pro is not your average run of the mill online trading platform. The range o products and the level of consumer protection that they offer to trader set them apart from everybody else. If you are in the market for a professional and reliable online platform with a reputation to match, then CitiFx Pro is a broker that you should seriously consider working with.