Overall CITY POINT TRADING is considered low-risk with an overall rating of 7 out of 10 and is authorized and regulated by the FCA. CITY POINT TRADING offers a Retail account and Professional account with a Maximum Leverage of 1:100.
CITY POINT TRADING at a Glance
| 🔎 Broker's Name | CITY POINT TRADING |
| 📍 Headquartered | London, United Kingdom |
| 📅 Year Founded | 2008 |
| ⚖️ Regulating Authorities | United Kingdom Financial Conduct Authority (FCA) |
| 🌐 Countries not accepted for trade | Not indicated |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:100 |
| 💰 Minimum Deposit | $20 000/ R 324,600.52 |
| 💳 Deposit Options | Bank transfers and credit cards |
| 💳 Withdrawal Options | Bank transfers and credit cards |
| 💻 Platform Types | MetaTrader 4, Vertex platform |
| 📱 OS Compatibility | Web, desktop, iOS and Android |
| 📈 Tradable assets offered | Forex, Precious Metals, Oil, Indices, CFDs |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | English |
| 📆 Customer Service Hours | From 07:00 till 22:00 Monday to Friday |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 20,000
Regulators
FCA
Trading Platform
MT4, Vertex Platform
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
CITY POINT TRADING Review – 21 key points quick overview:
It was established in London in 2008 and offers its services to those interested in trading the global financial derivatives markets.
CITY POINT TRADING Overview
Specializing in CFDs and Forex, CITY POINT TRADING covers a range of markets with online trading systems, allowing clients to get fast and accurate pricing with a solid risk management framework.
CITY POINT TRADING offers solutions to institutions, professional clients, and experienced retail clients to build and manage their businesses in a proactive and profitable way.
Their board members and management bring years of trading and regulatory experience to the company and understand clients’ needs and challenges in the ever-changing market.
CITY POINT TRADING is fully authorized and regulated in the UK by the FCA and adheres to the FCA regulatory standards. It has also joined forces with some of the best credit institutions and auditing houses to oversee its operations.
The broker offers trading services on major currency pairs, indices, commodities, and energies.
CITY POINT TRADING Safety and Security
One of the best benchmarks to measure the safety of a broker like CITY POINT TRADING is to establish which regulating authorities are watchdogs over its actions.
CITY POINT TRADING has been a leader in the CFD trading sector since its early days and has already experienced and survived many highs and lows without wavering from its regulatory obligations or core values of honesty, integrity, and customer support.
CITY POINT TRADING claims to maintain the highest level of the United Kingdom Financial Conduct Authority (FCA) regulatory standards.
CPT Markets UK is registered in England and Wales under registration no. 6707165 and authorized and regulated by the FCA under firm reference number 606110.
All FCA-licensed brokerage companies must hold net tangible assets of at least EUR 730 000 and are obliged to adhere to several standards and procedures, like holding clients’ money in segregated accounts, sending regular reports on trades to the commission, and more.
FCA-regulated companies fall under the Financial Services Compensation Scheme (FSCS), which protects consumers for up to £50 000 per person.
CITY POINT TRADING Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.
ESMA intervention measures only apply to customers of CPT Markets UK. Although FCA has recently proposed a leverage cap of 1:50 because of the risks trading with high leverage levels may cause, many FCA-regulated brokers offer higher leverage rates.
CITY POINT TRADING offers the following leverage ratios on the different accounts and instruments:
Forex – 1:30 on the Retail Account and 1:200 on the Professional Account.
Indices – 1:20 on the Retail Account and 1:200 on the Professional Account.
Commodities – 1:20 on the Retail Account and 1:100 on the Professional Account.
CITY POINT TRADING Accounts
Standard account
A Standard account is a type of trading account offered by CITY POINT TRADING, which is a UK-based company that offers trading services for financial instruments such as forex, indices, commodities, and shares.
The features of a Standard account may vary depending on the company, but generally speaking, it offers a range of trading instruments, low spreads, and access to educational materials. It typically requires a minimum deposit to open and may offer limited leverage. The Standard account is generally the most basic account type, and it is suitable for traders who are new to the financial markets and want to test their trading strategies with a lower risk level.
It’s important to note that trading in financial markets carries a high level of risk, and individuals should carefully consider the suitability of any investment before making a decision. It is always recommended to trade with regulated firms, and it is important to check the company’s regulatory status before opening an account and read its terms and conditions carefully.
A forex account at CITY POINT TRADING is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
VIP account
A VIP account is a type of trading account offered by CPT Markets, which is a UK-based company that offers trading services for financial instruments such as forex, indices, commodities, and shares.
Compared to the Premium account, the VIP account may offer even more advanced features such as higher leverage, even more, competitive spreads, a dedicated account manager, priority customer support, and access to exclusive educational materials and research. It may also have a higher minimum deposit requirement compared to the Premium account.
The VIP account is generally intended for highly experienced traders who are comfortable with a high level of risk and want to access the most advanced trading tools and resources and receive personalized attention.
It’s important to note that trading in financial markets carries a high level of risk, and individuals should carefully consider the suitability of any investment before making a decision. It is always recommended to trade with regulated firms, and it is important to check the company’s regulatory status before opening an account and read its terms and conditions carefully.
Premium account
A Premium account is a type of trading account offered by CITY POINT TRADING, which is a UK-based company that offers trading services for financial instruments such as forex, indices, commodities, and shares.
Compared to the Standard account, the Premium account may offer more advanced features such as higher leverage, more competitive spreads, priority customer support, and access to exclusive educational materials and research. It may also have a higher minimum deposit requirement compared to the Standard account.
The Premium account is generally intended for more experienced traders who are comfortable with a higher level of risk and want to access more advanced trading tools and resources.
It’s important to note that trading in financial markets carries a high level of risk, and individuals should carefully consider the suitability of any investment before making a decision. It is always recommended to trade with regulated firms, and it is important to check the company’s regulatory status before opening an account and read its terms and conditions carefully.
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
CITY POINT TRADING offers a Retail Account and Professional Accounts, meaning that retail traders are offered a single individual CityPoint trading account. The broker provides several institutional account types (Corporate & Omnibus).
The Individual account is intended for experienced traders and offers fixed spreads and leverage up to 1:100 on two trading platforms. Islamic accounts are also available.
The minimum initial deposit required by the company is $20 000.
Min Deposit
USD 20,000
Regulators
FCA
Trading Platform
MT4, Vertex Platform
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
CITY POINT TRADING Market Instruments
The most popular market instruments available from most brokers for trading include:
Forex:
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities:
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices:
Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies in a nation.
Precious metals:
The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy:
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions, and global economic growth.
CITY POINT TRADING offers a range of Forex, Metals, Oil, and indices, all as a Contract for Difference (CFD), Precious Metals (gold and silver), and a large range of Indices from around the world to choose from, including the DOW30 Index, S&P500 Index, NASDAQ100 Index, FTSE100 Index, DAX30 Index, CAC40 Index, and EUSTX50 Index.
CITY POINT TRADING Fees
Cost depends on different factors, like spread and margins, and CITY POINT TRADING clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.
With CITY POINT TRADING a commission may be built within the spread, or a flat fee may be added per lot traded. CITY POINT TRADING will communicate the way they may charge you during the account opening stage.
Charges may be applied to roll a position overnight.
Spreads are fixed, starting at 2 pips.
Min Deposit
USD 20,000
Regulators
FCA
Trading Platform
MT4, Vertex Platform
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
CITY POINT TRADING 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 POINT TRADING bank, transfers and credit cards can be used as payment options and the minimum deposit requirement is $20 000.
Withdrawal requests will be processed on the same day if received by 12:00 GMT.
Min Deposit
USD 20,000
Regulators
FCA
Trading Platform
MT4, Vertex Platform
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
CITY POINT TRADING Trading Platforms
The forex trading platform provided by CITY POINT TRADING to its clients is in essence the software to carry out their trades. Some brokers provide only one, and 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 POINT TRADING provides the ever-popular MetaTrader 4 (MT4) trading terminal as a standard for all clients.
The MT4 electronic trading platform allows clients to manage their accounts, access live streaming prices, analyze charts, and place trades whilst brokers administer and manage the server side of the platform.
CITY POINT TRADING also offers their Vertex platform, released in 2005 and adding advanced techniques for closing positions and offering flexibility with customizable trading parameters per user.
Traders can run both MT4 or Vertex on a default windows PC with a reasonable internet connection.
How to open a CITY POINT TRADING account step by step
Opening a demo account with CITY POINT TRADING is a relatively simple process, which will consist of the following steps:
Step 1 – Open Your Account
Visit the CITY POINT TRADING website, Click on “Open Demo Account” on the left-hand in the middle of the website
Step 2 – Fill out the form
Similarly to a bank, to register a forex trading account with CITY POINT TRADING for the first time, you will be required to go through a basic “know your customer” process, which will allow CITY POINT TRADING to ascertain that your submitted details and ensure the safety of your funds and account details.
Min Deposit
USD 20,000
Regulators
FCA
Trading Platform
MT4, Vertex Platform
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
CITY POINT TRADING Customer Support
Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.
In the case of CITY POINT TRADING customers can reach the support team via phone, e-mail, and live chat.
CITY POINT TRADING Education
Before starting to trade, potential clients of CITY POINT TRADING should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
CITY POINT TRADING offers basic information on trading skills via the website and on the platforms.
CITY POINT TRADING Research
To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitably as possible.
With CITY POINT TRADING they have access to real-time news, daily market analysis, and powerful charting.
CITY POINT TRADING Awards
Being an awarded company instills extra confidence in traders. Although CITY POINT TRADING is acclaimed by customers, there is no indication of awards won on its homepage.
CITY POINT TRADING Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “CITY POINT TRADING” is entered into Google’s search engine over a given period of time.
CITY POINT TRADING vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇 CITY POINT TRADING | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $20 000/ R 324,600.52 | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | No | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:100 | 1:400 | 1:888 |
| 💵 Currency Pairs | – | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
CITY POINT TRADING Customer Reviews
First of all many thanks to the guys from the back office for making my experiences and trading performance exceptionally profitable in 2016. I’ve been trading since 2013 and over that period have studied many courses, books, and lectures. I have never come across a work so clearly articulating my trading decisions, technical analysis, and risk management. My understanding of charts is error-free and easy to recognize opportunities to enter the market.
The only thing I should mention is some problems with order execution, which were successfully solved by back-office support. FX trading is not for everybody but with real support from your broker, you can eliminate most fatal mistakes and avoid big losses. So it is UK based firm which I highly recommend.
CITY POINT TRADING Pros and Cons
| ✔️ Pros | ❌ Cons |
| 1. FCA regulation | 1. High initial deposit. |
| 2. Choice of trading platforms | 2. Rebranded for a second time |
| 3. Commission-free trading. |
Conclusion
Overall, CITY POINT TRADING is a trustworthy and reliable broker that provides traders with great digital tools. CITY POINT TRADING can run both MT4 or Vertex on a default windows PC with a reasonable internet connection. CITY POINT TRADING has a Maximum Leverage of 1:100.
Disclaimer
CITY POINT TRADING warns potential customers that Forex and CFD trading always carries a high risk and may not be suitable for all investors.
Before deciding to trade with CITY POINT TRADING, 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 POINT TRADING warns that margin trading involves the potential for profit as CITY POINT TRADING ll as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence CITY POINT TRADING cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
CITY POINT TRADING Risk Management
Risk management is the process of identifying, assessing, and prioritizing potential risks to an organization or investment, and then taking steps to minimize or mitigate those risks. City Point Trading, a company focused on trading, would likely use risk management to minimize the potential losses from market fluctuations and other uncertainties.
This may include using financial instruments such as options or futures contracts to hedge against market risk, implementing strict risk management policies and procedures, and regularly reviewing and adjusting their risk management strategy.
Frequently Asked Questions
How many instruments can I trade with CITY POINT TRADING?
You can trade number/several different instruments with CITY POINT TRADING, which include the following:
- Forex,
- Precious Metals,
- Oil
- Indices
- CFDs
Which platforms are supported by CITY POINT TRADING?
CITY POINT TRADING provides the following popular trading platforms:
- MetaTrader 4
- Vertex platform
What spreads can I expect with CITY POINT TRADING?
CITY POINT TRADING offers fixed spreads, starting at 2 pips.
Does CITY POINT TRADING charge commission?
More information on commissions can be obtained from the customer support service.
What is the overall rating out of 10 for CITY POINT TRADING?
7/10
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