CIX Markets Account Types vary according to what traders require, CIX Markets aims to provide the same level of superior and professional service as City Credit Capital with the addition of an enhanced platform, the CIX Trader, and a wider range of tradable assets.
| 🔍 Broker's name | CIX Markets |
| 🏛 Headquarters | London, United Kingdom |
| 📅 Year Founded | 2015 |
| 📃 Regulating authorities | The Financial Conduct Authority (FCA) in the United Kingdom and the Financial Services Compensation Scheme (FSCS) |
| 🌐 Countries not accepted for trade | United States |
| 📒 Demo account | Yes |
| 📒 Islamic account | No |
| ☑ Institutional account | Yes |
| 📊 Maximum Leverage | 1:30 |
| 💳 Minimum Deposit | $500 |
| 💰 ZAR | R7 500ZAR |
| 💳 Deposit options Withdrawal options | Neteller, Skrill, Visa, Wire Transfer |
| 📊 Platform(s) provided | CIX Trader, MetaTrader 4 |
| 📲 OS compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad |
| 📉 Tradable assets offered | Forex, CFDs, indices, commodities, interest rates, bonds |
| 🌐 Languages supported on website | English |
| ☎ Customer support languages | English |
| ☎ Customer service hours | 24/5 |
Min Deposit
USD 500
Regulators
FCA, FSCS
Trading Platform
MT4, CIX Trader
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
CIX Markets Account Types Revealed – A Key 10-Point Quick Overview
- ✅CIX Markets Overview
- ✅CIX Markets Account Types
- ✅CIX Markets Account Features
- CIX Markets Demo Account
- Islamic Account
- How to Open a CIX Market Account
- Customer Reviews
- CIX Markets Pros and Cons
- Conclusion
- Frequently Asked Questions
CIX Markets Overview
CIX Markets is an emerging forex broker that offers two platforms as well as additional tools, such as Trading Central to traders. CIX Markets is owned by City Credit Capital (UK) Ltd, an established and award-winning online brokerage. CIX Markets is the company’s newest venture and was launched in 2015.
CIX Markets is headquartered in London and provides FX and CFD trading to both retail and institutional clients and is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The Financial Conduct Authority regulatory oversight imposes strict standards such as annual audits and financial reports and CIX Markets also holds client money in segregated Tier 1 bank accounts.
Client capital is also insured for up to £85 000 in the event of insolvency under the Financial Services Compensation Scheme (FSCS). CIX Markets aims to provide the same level of superior and professional service as City Credit Capital with the addition of an enhanced platform, the CIX Trader, and a wider range of tradable assets. The broker’s proprietary trading platform software is fast and sophisticated and offers 24/5 access to currencies, indices, commodities, and more.
CIX Markets Account Types
CIX Markets offers only one live account type to all traders. This account can be opened in only a few steps, but traders will need to submit copies of their identity documents and proof of address. There is no strict minimum deposit prescribed, but the broker recommends that at least $500 or the equivalent of R7 500 ZAR should be deposited initially. The minimum trade size is 0.1 lots.
CIX Markets offers major, minor, and emerging currency pairs, 20 spot and CFD indices, including the DAX 30 and FTSE 100, 9 commodities including metals, energies, and soft commodities, plus a few interest rates and bonds. Trading on stocks and cryptocurrencies is unfortunately not available with the broker.
CIX Markets Account Features
CIX Markets accounts have the following benefits:
| Broker | ☑ CIX Markets |
| Account Type | 🌐 Live Account |
| 💳 Minimum Deposit | $500 |
| R7 500 ZAR | |
| 📌 Benefits | Access to Trading Central |
| MT4 and CIX Trader platforms can be used | |
| No commissions are charged |
Some disadvantages include limited additional resources and tools and the absence of shares and cryptos to be traded.
CIX Markets Demo Account
CIX Markets’ demo account imitates the conditions of a live trading account and gives traders access to the same functions, features, and options they would have on a live trading account, with the exception that the demo account is risk-free since they make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.
The demo account can be used for 30 days with access to all platforms and $50 000 virtual money for practicing.
Islamic Account
CIX Markets does not offer traders who follow Sharia law the option of an Islamic Account. Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases, it is a standalone account with a separate application procedure.
How to Open a CIX Market Account
Step 1 – Click on the Open live account tab
In order for the applicant to start the process, they can simply click on the “Live Account” button on the CIX Markets homepage.
Step 2 – Complete the CIX Markets application form
The second step in the account registration process is to complete a short and simple registration form. Once the registration form has been completed, the applicant can accept the privacy policy and click “Continue”.
Step 3 – Send the required documentation to CIX Markets and Fund your account to start trading
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!
CIX Markets reaches Affiliate Brokers in South Africa – They offer both MetaTrader4 and in-house CIX Trader platforms across most accounts, which is a bonus! – Chris
No Sign Up Bonus offered.
The CIX Markets website is easy to navigate, just disappointed that there is no sign-up bonuses on offer. – Natalie
CIX Markets Pros and Cons
| ✅ PROS | ❌ CONS |
| Daily market commentary and analysis from Trading Central available on account | Demo account can only be used for 30 days |
| Demo accounts are available | No Islamic or swap free account option available |
| FCA regulation is applicable to trade activities | Shares and cryptos are not offered for trade |
| MT4 and CIX Trader platforms are available |
Min Deposit
USD 500
Regulators
FCA, FSCS
Trading Platform
MT4, CIX Trader
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
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Conclusion
CIX Market’s mission is to deliver this institutional level of customer service and execution to all clients who wish to trade CFDs and FX across a broad range of products. CXI Markets has developed a trading platform to meet all the needs of the retail trading community via a user-friendly interface backed by our institutional quality execution.
At CIX Markets the underlying aim is that all clients are treated as premium clients.
Frequently Asked Questions
Which trading accounts does CIX Markets offer to South African traders?
Traders from South Africa, as with all other traders, can open only one single Standard type of account
How long does it take to open an account with CIX Markets?
Applications to open an account are processed with 24 hours. (Weekends exluded)
Does CIX Markets offer an Islamic Account?
No, CIX Markets does not offer an Islamic Account.
Does CIX Markets offer a demo account?
Yes, CIX Markets offers a demo account that can be used for 30 days.
How long is the demo account valid?
The demo account can be used for 30 days with access to all platforms and $100 000 virtual money for practicing. After the month trial period, clients have the option to register for a real-money account.
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