According to research in South Africa, CIX Markets is a United Kingdom company founded in 2001, by CIX Markets (UK). CXI Markets is an FX and CFD provider authorized and regulated by the Financial Conduct Authority (UK) FCA since 2004. It offers online dealing services to private investors, institutions, banks, and brokerages.
| 🔍 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 Review – A Key 16-Point Quick Overview
- ✅CIX Markets Overview
- ✅CIX Markets Sign-up Bonus
- ✅CIX Markets Minimum Deposit
- ✅CIX Markets Account Types
- CIX Markets Account Features
- How to Open a CIX Market Account
- CIX Markets Demo Account
- Islamic Account
- CIX Markets Trading Platforms
- CIX Markets Fees, Spreads, and Commissions
- CIX Markets Deposit fees and deposit methods
- CXI Markets vs Alvexo vs RoboForex – A Comparison
- CIX Markets Review Pros and Cons
- Customer Reviews
- Conclusion
- Disclaimer
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 Sign-up Bonus
CIX Markets does not offer a sign-up bonus. Traders who register a real account with CIX Markets are not offered either a sign-up bonus, a deposit bonus, or a welcome bonus.
| 🌐 CXI | |
| Sign Up Bonus | 📌No |
| Welcome Bonus | 📌No |
| Referal Bonus | 📌No |
CIX Markets Minimum Deposit
CIX Markets has a minimum deposit recommendation 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.
| 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 |
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 R8 500 ZAR should be deposited initially. The minimum trade size is 0.1 lots.
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.
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
CIX Markets Demo Account
CIX Markets offers traders the option to open a demo or practice account which can be utilized in several ways, including the following:
▶ A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.
▶ Traders who want to evaluate and compare brokers would like to explore CIX Markets’ trading conditions in a risk-free environment.
▶ Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.
▶ 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.
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 Trading Platforms
CIX Trader
CIX Markets developed its own in-house CIX Trader to deliver FX trading on a professional level packed with sophisticated tools and fast, secure software. The platform CIX Trader is available as a mobile version on IOS tablets and phones as well as Android tablets and phones.
This online trading platform is a fast, secure, and flexible way to trade in today’s markets. Once logged in, you will have 24/5 access to a broad range of liquid financial trading instruments.
CIX Trader platform is also highly customizable enabling you to design your own layouts and many other features which will let you appreciate the traditional look of a desktop platform giving you more control over the information you can view.
MetaTrader4
If you still wish to trade through MetaTrader4, CIX Markets offers you this option as well. MT4 platform brings all known features with all the necessary tools and resources, automated trading programs EAs and various versions suited to every device.
MetaTrader 4 is one of the most popular CFD and Forex trading platforms in the world. It provides the necessary tools and resources to analyze the price dynamics of financial instruments, make trade transactions, and create and use automated trading programs. MetaTrader4 is available for PC, Mac, Linux, iOS, and Android.
CIX Markets Fees, Spreads, and Commissions
CIX Markets’ spreads on EUR/USD start from 1 pip. Fees, spreads, and commissions that traders can expect on the company’s spread list when trading with CIX Markets are as follows:
| 🔍 Broker | CIX Markets |
| 📈 Spread Types | Variable |
| 📌 Spreads From (pips) | From 1 Pip |
| 💵 Fees | ✔️ Yes |
| 💳 Commissions (Zero Spread Account) | ✔️ Yes |
CFD
| Buy and sell on a breadth of financial markets with leveraged CFDs. |
| FTSE Spread - 3 |
| GBP/USD Spread - 1.6 |
| Oil Spread - $0.04 |
| Stocks Spread – Variable |
Forex
| Trade on a range of major, minor, and emerging forex pairs. |
| GBP/USD Spread -1.6 |
| EUR/USD Spread - 1 |
| EUR/GBP Spread - 1.4 |
The broker does not charge trading commissions, but swap fees may apply to overnight positions.
CIX Markets Deposit fees and deposit methods
Compared to other brokers, the minimum deposit amount that CIX Markets requires when traders register a live account is quite high.
CIX Markets offers traders various payment or deposit methods which can be used when funding accounts. Withdrawals usually must be returned by the same method used to deposit and to the same bank account. CIX Markets accepts the following deposit methods:
CIX Markets does not levy additional fees, and third-party charges may be applicable. Funds generally take 24 hours to clear. USD, EUR, ZAR, and GBP are accepted as deposit currencies.
CIX Markets vs Alvexo vs RoboForex - A Comparison
| 🔍 Broker | 🥇 CIX Markets | 🥇 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 | 📌 No | ✔ 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!
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
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 Review 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 |
Conclusion
CIX Markets is a dependable FX brand, trading in a wide range of products through both the popular MT4 and its proprietary CIX Trader. Being part of the known and well-established firm CCC brings a great opportunity for traders of different sizes or levels. With its reasonable costs, good technical optimization, and trading solution CIX Markets is worthy of consideration.
You may also rest assured that as a regulated broker your money is safe along with a convenient trading environment which is indeed important when choosing a broker. In order to acquire a license from the UK financial watchdog, brokers must provide proof of financial stability: they must hold net tangible assets of at least €730 000.
Brokers must also keep Client funds in segregated accounts, separated from the company’s operational funds, and deliver regular financial reports and accounts on conducted trades. Regulation by FCA also involves additional guarantees to clients’ funds, since they fall under the umbrella of the Financial Services Compensation Scheme (FSCS), where the maximum compensation cover is £50 000 per person if a broker becomes insolvent.
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Disclaimer
CIX Markets is a trading name of City Credit Capital (UK) which in turn is authorized and regulated by the Financial Conduct Authority. (FCA Registered Number 232015). CCC is registered in England and Wales under Companies’ House. Registered Number 04343251.
Tax treatment depends on the individual circumstances of each client. Tax law can change or may differ depending on the jurisdiction in which you are resident. City Credit Capital (UK) Limited does not accept US customers. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Over 77% of retail investor accounts lose money when trading CFDs with City Credit Capital.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money, According to research in South Africa.
Frequently Asked Questions
Does CIX Markets accept traders from South Africa?
Yes, CIX Markets does accept traders from South Africa.
What is the cost of trading with CIX Markets?
The cost of trading with CIX Markets is a minimum deposit requirement of $500 / ZAR7685,86 at the current exchange rate at the time of writing.
What are the benefits of trading with CIX Markets?
Traders gain access to Trading central – a research platform add-on that provides them with daily market commentary and analysis, Access to the popular MT4 and CIX trader platforms and the benefit of trading without commissions being charged.
What is the overall rating of CIX Markets out of 10?
The overall rating of CIX Markets is 8/10
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