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Citi FX

  • #1
  • First Post: May 31, 2008 11:06pm May 31, 2008 11:06pm
I recently learned that Citi also has started retail forex Citi Fx.

Just wanted to check if anyone has tried it.

Given the fact that it is part of Citi group, does it make any safer compare to other brokers.

Appreciate thoughts and comments.

Regards,
TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #2
  • May 31, 2008 11:16pm May 31, 2008 11:16pm
any idea of they are STP (straight through processing) or are they retail (dealing desk?)

thanks.
  • #3
  • Jun 1, 2008 9:15am Jun 1, 2008 9:15am
Here are PDFs I found, for whatever its worth.

Your question, does it apply given this is part of a bank unlike the regular brokers.

I will find out.

Thanks,
TS
Attached File(s)
File Type: pdf Citi_Launches_CitiIFX_Pro.pdf   184 KB | 392 downloads
File Type: pdf Citi_launches_new_FX_trading_platform.pdf   131 KB | 358 downloads
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #4
  • Jun 1, 2008 11:02am Jun 1, 2008 11:02am
here is citi's old ecn:

https://www.lavatrading.com/

thanks for sharing
  • #5
  • Jun 2, 2008 8:37am Jun 2, 2008 8:37am
Citi's retail platform is a WL of Saxo. The spreads suck and so does any retail arm of any bank. They dont understand the retail market/retail client and therefore you get terrible service and a lousy product. Both DBFX and CitiFX suck.
  • #6
  • Jun 2, 2008 8:55am Jun 2, 2008 8:55am
In my opinion ABN Amro (Oanda whitelabel) did it right, they offer good spreads + good customer support. Everything is very simmilar to Oanda. Except rolls and interest rates are worse.

But in essence i agree, they mostly try to use their good name to sell worse trading conditions to retail customers.
  • #7
  • Jun 3, 2008 10:14am Jun 3, 2008 10:14am
Quoting fxtrader42
Citi's retail platform is a WL of Saxo. The spreads suck and so does any retail arm of any bank. They dont understand the retail market/retail client and therefore you get terrible service and a lousy product. Both DBFX and CitiFX suck.

So true!!!
  • #8
  • Jun 5, 2008 12:41pm Jun 5, 2008 12:41pm
Thanks for the great feed back.

I was attracted by the sense of safety given these are big banks. Looks like not really worth it.

BTW, does any one know whether these are dealing desks like tdion asked?

Thanks
TS
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #9
  • Last Post: Jun 5, 2008 4:38pm Jun 5, 2008 4:38pm
Quoting TradeStar
Thanks for the great feed back.

I was attracted by the sense of safety given these are big banks. Looks like not really worth it.

BTW, does any one know whether these are dealing desks like tdion asked?

Thanks
TS
They are...
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