According to research in South Africa CITY CREDIT CAPITAL is a UK brokerage service firm offering online dealing services to retail investors and institutions according to a Financial Conduct Authority (FCA) license.
City Credit Capital at a glance
| 🔍 Brokers Name | City Credit Capital |
| 🏛 Headquarters | London, United Kingdom |
| 📅 Year founded | 2001 |
| 📝 Regulating authorities | Financial Conduct Authority (FCA) in the UK |
| 📝 FCA License number: | 232015 |
| 🌐 Countries not accepted for trade | United States |
| 📒 Demo account | Yes |
| 📒 Islamic account | No |
| 📒 Institutional account | Yes |
| 💻 Managed accounts | Yes |
| 📊 Maximum leverage | 1:30 |
| 💰 Minimum deposit | $500 |
| 💰 ZAR | R 7 500ZAR |
| 💳 Deposit options Withdrawal options | Credit cards, Bank Transfer, Neteller |
| 📉 Platforms provided | MarketsTrader, MT4 |
| 📲 OS compatibility | Desktop, Web, iPhone, iPad, and Android |
| 📉 Tradeable assets offered | Forex, CFDs on indices, Precious metals, and Commodities |
| 🌐 Languages supported on website | English, Chinese, Russian, Spanish |
| 🌐 Customer support languages | English, Chinese, Russian, |
| ⏱ Customer service hours | Twenty four hours a day/ seven days a week |
Min Deposit
USD 500
Regulators
FCA
Trading Platform
MT4, MarketsTrader
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
City Credit Capital Review – A Key 17 Point Quick Overview
- ✅Who is City Credit Capital?
- ✅City Credit Capital Sign-up Bonus
- ✅City Credit Capital Minimum Deposit
- ✅City Credit Capital Account Types
- ✅Demo Account
- ✅City Credit Capital Account Features
- ✅How to open a City Credit Capital account
- ✅City Credit Capital Trading Platforms
- ✅City Credit Capital Fees
- ✅City Credit Capital Deposit and Withdrawal
- Comparison of City Credit Capital vs Alvexo vs RoboForex
- Customer Reviews
- City Credit Capital Current Popularity Trends
- City Credit Capital Pros and Cons
- Conclusion
- Disclaimer
- Frequently Asked Questions
Who is City Credit Capital?
City Credit Capital (CCC) is a forex broker company in the United Kingdom. The company was founded in 2001 and is headquartered in London, with offices also in Hong Kong, Chile, and Mexico. The group is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. Clients are also automatically protected by the Financial Services Compensation Scheme (FSCS), for up to a maximum of £85,000 if the company ceases trading.
Credit City Capital offers online dealing services to individuals, institutions, and banks specializing in forex and CFDs. The company offers a proprietary platform called Markets Trader, as well as additional tools and services, such as daily research by Trading Central. City Credit Capital offers currencies, precious metals, indices, equities, and commodities, but specializes in Forex and CFDs trading.
With two decades of experience, the company has been in operation through all the major market changes since online Forex took off and by expanding to Brazil, Chile, Hong Kong, and South America it attracted clients of all types from all over the world.
Traders of any size can join the company to enjoy access to features like Percentage Allocation Management Module (PAMM) and Multi-Account Manager (MAM) technology and Self-invested personal pensions (SIPP) accounts. The company offers its services worldwide in Chinese, English, and Russian.
City Credit Capital Sign-up Bonus
City Credit Capital does not offer a sign-up bonus, due to regulative restrictions.
Traders who register a real account with City Credit Capital are not offered either a sign-up bonus, a deposit bonus, or a welcome bonus.
Brokers often offer such a broker bonus to new traders in an effort to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit.
City Credit Capital Minimum Deposit
City Credit Capital has a minimum deposit requirement of $ 500. This minimum deposit amount was equivalent to 7 500 ZAR at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.
City Credit Capital Account Types
City Credit Capital offers the following account types:
| Account Types | 🌐 Mini Account | 🌐 Standard Account |
| 💳 Minimum Deposit | $500 | $5000 |
| 💳 ZAR | R7 500 ZAR | R75000 ZAR |
| 📉 Min lot size | 10,000 | 100,000 |
Demo Account
Traders may apply for a demo trading account to hone their skills or get familiar with the broker’s platform. The demo account is a practice account loaded with $100 000 virtual money and access to all platforms and features. It can be used for 30 days.
| Account Type: | 🌐 Demo Account |
| 📌 Account Features: | 30 Day Practice Account |
| 24 Hour Live Buy & Sell Prices | |
| $100 000 Virtual Money | |
| Demo Desktop, Web and Mobile Platform | |
| Access to Full Features and Functions |
City Credit Capital Account Features
All other features are identical for both City Credit Capital accounts, including Trading Central market research, the Dow Jones news feed, professional charting tools, 24-hour customer service, daily market commentary, and a dedicated relationship manager.
Traders can also enjoy other advantages when opening an account with City Credit Capital, including the following:
| City Credit Capital | |
| Account Types | 🌐 Mini Account |
| 🌐 Standard Account | |
| 📌 Account Features: | MT4 and Markets Trader as trading platforms |
| Commission-free trading | |
| The use of a 30-day demo account | |
| FCA regulation |
How to open a City Credit Capital account
Similarly to a bank, to register a forex trading account with City Credit Capital for the first time, you will be required to go through a basic “know your customer” process, which will allow City Credit Capital to ascertain that your submitted details and ensure the safety of your funds and account details.
With City Credit Capital the process entails passing some basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. You will be required to provide a scanned color copy of your passport, driving license or national ID and a utility bill or bank statement from the past three months showing your address.
Process:
Step 1 – Navigate to the City Credit Capital website.
Click the Live account tab to start the process of opening a City Credit Capital live trading account.
Step 2 – Fill out the City Credit Capital individual client application form.
Step 3 – Login details and Approval of account
Traders will receive a confirmation email of their application and log-in details to the City Credit Capital platform.
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City Credit Capital Trading Platforms
The forex trading platform provided by City Credit Capital to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
City Credit Capital provides two platforms – MT4 and MarketsTrader.
MarketsTrader offers a professional choice of software with powerful charting and an analytic package that includes 20 popular technical indicators. It is accessible on various devices, through the Web or desktop versions.
Its platform applications are optimized for iPhone, iPad, and Android devices (iMarkets Trader) so that you may access trading on the go. Automatic trading and one-click trading are available through APIs, as well as the capability to trade directly from charts.
MetaTrader4 is also available on the City Credit Capitals Platform.
City Credit Capital Fees
Cost depends on different factors, like spread and margins, and City Credit Capital clients may also experience different fee structures according to their country or place of residence.
| 📉 City Credit Capital charges fixed spreads for FX majors, indices, commodity CFDs, and precious metals. |
| 💳 The broker does not charge commissions. |
| 💳 City Credit Capital door does not charge inactivity fees. |
| 📉 Overnight financing fees for positions carried over into the next day are charged. |
| 📉 Spreads for spot indices are around 2 points for the FTSE 100 and 10 points for crude oil. |
City Credit Capital Deposit and Withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ. In the case of City Credit Capital, payment options include Bank Transfers, Card Payments, and e-wallets Neteller and Skrill.
City Credit Capital’s minimum deposit amount depends on the account type with $500 for the Mini Account and $5 000 for the Standard Account. Deposit fee charges may be applied by City Credit Capital relevant to the value of the transaction which is 1.50% for Card Payments, but 0% fees for Neteller payments.
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Comparison of City Credit Capital vs Alvexo vs RoboForex
| 🔍 Broker | 🥇 Credit City Capital | 🥇 Alvexo | 🥇 RoboForex |
| 💰 Minimum Deposit | $500 USD | $500 USD | $10 USD |
| ZAR | R7 500 ZAR *at the time of writing | R7 500 ZAR | R150 ZAR |
| 🎉 Bonus | No | Yes | Yes |
| ☪️️ Islamic Account | 📌 No | 📌 No | Yes |
| 💻 MT4 | Yes | Yes | Yes |
Customer Reviews
Excellent Platform.
City Credit Capital provides the MetaTrader4 to its customers, which is considered one of the best trading platforms in the world of forex to date! – Max
Awesome!
City Credit Capital reaches Affiliate Brokers in South Africa – They offer both MetaTrader and Market Trader platforms across most accounts, which is a bonus! – Chris
No Sign Up Bonus offered.
The City Credit Capital website is great! just disappointed that there are no sign-up bonuses on offer. – Natalie
City Credit Capital Current Popularity Trends
According to Google Trends, here is an overview of how frequently the search term – “City Credit Capital” is entered into Google’s search engine over a given period of time.
City Credit Capital Pros and Cons
| ✅ PROS | ❎ CONS |
| Segregates client funds | Doesn’t offer VPS |
| Established in 2001 | Not ASIC Regulated |
| Regulated by Financial Conduct Authority | Limited range of instruments |
| Min. deposit from $500/7 500ZAR |
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Conclusion
City Credit Capital can be described as a company that is regulated by FCA and complies with the necessary requirements to follow and delivers great trading opportunities. Through years of successful operation, the broker proves its reliability to trade based on the fixed spread and constant performance.
City Credit Capital offers no-frills and gimmicks and prefers the more affluent traders, as its minimum deposits and margin requirements are higher than the average for the industry. The fixed spreads are also higher than the average.
Disclaimer
City Credit Capital warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors. Before deciding to trade with City Credit Capital potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
City Credit Capital warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence City Credit Capital cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently Asked Questions
Is City Credit Capital fake or a scam?
No, City Credit Capital is not a scam as it is licensed by the UK’s FCA. This license proves that the broker is reputable.
Which platforms are supported by City Credit Capital?
City Credit Capital provides the following popular trading platforms:
- MT4
- MarketsTrader
What type of broker is City Credit Capital?
City Credit Capital is an ECN and CFD broker
Does City Credit Capital Manipulate the market?
City Credit Capital offers a fair trading environment for experienced and affluent traders.
What is the overall rating out of 10 for City Credit Capital?
City Credit Capital holds an overall rating of 7/10
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