CITYPOINTTRADING

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Advantages:

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Disadvantages:

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About company:

CityPoint Trading is a London based broker founded in 2008. It offers Forex, Precious Metals, Indices and Futures trading on MetaTrader 4 and Vertex platforms for traders, financial institutions and banks around the world.

Company. Fund security

The company behind the brand, Citypoint Trading Limited, is regulated by the FCA.

All brokerage agencies licensed by the FCA must maintain net tangible assets of at least € 730,000 and must comply with a number of requirements and procedures, for example, keep clients' money in segregated accounts, report on their work. What's more, FCA regulated companies are eligible for the Financial Services Compensation Scheme (FSCS), which protects investors in the event of a broker's insolvency and guarantees returns of up to £ 50,000 per person.

Trading conditions

Retailers are offered an individual CityPoint Trading account. The broker also provides several types of institutional accounts (Corporate & Omnibus).

The Individual Account is designed for professional traders and offers fixed spreads and leverage up to 1: 100 on two trading platforms.

Islamic accounts are also available at CityPoint Trading.

Minimum initial deposit

The minimum initial deposit in the company is $ 500. Most UK brokers require between $ 200 and $ 500 in the beginning, and some for $ 1.

Spreads

CityPoint Trading offers fixed spreads, 2 pips on EUR / USD, which is the industry average.

Leverage

This broker offers up to 1: 100 leverage, which is considered average. For comparison, some brokers offer leverage up to 1: 200 and even up to 1: 1000.

Although the FCA recently proposed a 1:50 leverage limit due to the risks associated with trading, many other FCA regulated brokers offer significantly higher leverage rates.

Trading platforms

Like most Forex brokers, CityPoint Trading supports MetaTrader 4 (MT4) as well as Vertex.

Vertex was released in 2005. It offers flexibility in trading with customizable trading parameters. It is based on a hierarchical organizational structure, which means actions can be applied in a top-down approach, which saves time, and also includes a real-time transaction log that the user can see when they need to track account activity.

MT4 is highly regarded by the online trading community, mainly because it is a very stable platform and allows users to fully automate their trades by choosing from a wide range of experts. Moreover, it offers a range of technical indicators, an extensive testing environment, and a set of charts.

Support service

Can be contacted by phone, email and live chat.

Ways of payment

The payment methods available to CityPoint Trading customers are credit / debit cards and bank transfers.

Pros:

FCA regulation; selection of trading platforms; commission trade.

Minuses:

high deposit.

FAQ - BROKER QUESTIONS CITYPOINTTRADING

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Can the broker CITYPOINTTRADING be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. CITYPOINTTRADING received a rating of 1 out of 5 on our resource.