Traders that use this broker please comment on them.
- | Membership Revoked | Joined Apr 2012 | 253 Posts
The only way not to think about money is to have a great deal of it
CitiFX Discussion 5 replies
CitiFX Pro to Service U.S. Customers of Saxo Bank 0 replies
Demo trading with CitiFx pro 4 replies
CitiFX Pro & Barclays BARX opinions 3 replies
CitiFX Pro platform? 19 replies
Dislikedthey have a little over 600 traders, don't think you will get to many responsesIgnored
DislikedIt's hard to get an account with them... they don't have any rationalized set of rules as to why they accept or decline someone from trading with them.Ignored
DislikedNot sure about the "set of rules" - the one I know of is the $10k min deposit. Aside from that I'd assume they're like most US brokers when it comes to accepting new clients.
For a min deposit of $10k you can probably get more bang for your buck at other brokers considering Citi's MT4 is a white label of Saxo Bank. EURUSD usually goes out around 1.2, though recently I've been seeing closer to 1.5.
I think what draws a lot of customers is that Citi offers FDIC insurance on account deposits, certainly sounds appealing in light of the PFG...Ignored
Dislikedobviously u don't have a citi account....for a 10k account, u get 1.6pip for eur/usd.......stop lyingIgnored
Dislikedif you got 50k account with comm the spread is 0.4 90% of the timeIgnored
DislikedI trade with them. Yes, they are kinda picky when it comes to new accounts (they say 10K but would like to see more..). I'm happy to trade with them as there's not Dod/Frank bull shit FIFO and hedging is allowed. They are regulated by SEC and not CFTC because it's a bank...
1:50 leverage though, which is fine by me.Ignored
Dislikedthey have a little over 600 customers with an average 100k account size.Ignored
Dislikedthey have a little over 600 customers with an average 100k account size.Ignored