Citifxmarkets Review Scam Complaint
Citifxmarkets is an offshore forex and CFD broker that is not regulated. The broker claims to be based in the UK. The broker has not presented its offers clearly and does not seem to offer different account types. In addition to forex and CFDs, the broker also offers bets in sports, financial spread, sports fixed bets and casino bets, which is quite odd. If you are in a dilemma of whether it is safe to trade with Citifxmarkets or not, we suggest you to read this review first.
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About the Citifxmarkets:
Citifxmarkets is an unregulated offshore broker that offers many financial instruments. Citifxmarkets offers trading in wide range of financial assets like Forex currency pairs, CFDs on indices, shares, commodities, bonds, ETFs and interest rates. The broker also offers fixed risk bets across intervals of 60 seconds to 30 minutes on selected indices or forex markets. The broker provides its services on the Spreadex trading platform which is a customizable platform equipped with Wide range of advanced technical indicators. But the broker doesn’t provide the option of demo account to the traders which are a big disadvantage.
The website of Citifxmarkets has no information about the broker’s trading condition, it has only mentioned about a spread which is as low as 0.7 on EUR/USD. Such lack of transparency on important parts of a broker’s offerings such as the leverage provided and the minimum investment required, is a sign of scam. Generally, scam brokers avoid sharing much of their information, because of concerns that some inconsistencies and irregularities may show up and expose their scam set up. There have been so many false claims by the broker like on its website the broker has claimed that it has received several awards, among which the Best Value for Money at the Investment Trends 2013 UK is also seen. When checked about this claim it has been found out that this award was actually granted to CMC Markets.
Is Citifxmarkets legit or scam?
Citifxmarkets is an unregulated broker, the website of whom is full of false claims. The broker is trying to mislead the traders that it has the license from both FCA and local gambling commission along with this the false claims regarding the awards it has won. Considering all this false claims it is sure that the broker is nothing but a complete scam. Hence, avoid investing your money with this scam broker.