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CitiFx Pro Discussion

  • #1
  • First Post: Jul 18, 2012 10:32pm Jul 18, 2012 10:32pm
Traders that use this broker please comment on them.
  • #2
  • Jul 18, 2012 11:12pm Jul 18, 2012 11:12pm
they have a little over 600 traders, don't think you will get to many responses
  • #3
  • Jul 18, 2012 11:28pm Jul 18, 2012 11:28pm
Quoting PoundTrader
they have a little over 600 traders, don't think you will get to many responses

isn't it risky to play with them then?
  • #4
  • Jul 18, 2012 11:40pm Jul 18, 2012 11:40pm
Quoting slow_trader
isn't it risky to play with them then?
you don't know who citi is
  • #5
  • Jul 19, 2012 4:28am Jul 19, 2012 4:28am
It'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.
  • #6
  • Jul 19, 2012 5:36am Jul 19, 2012 5:36am
Quoting pip_seeker
It'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.

I opened an account with them -- no problem (I'm a US customer).
What do you mean "don't have rationalized set of rules"??
  • #7
  • Jul 19, 2012 7:11am Jul 19, 2012 7:11am
Not 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 Best debacle.
  • #8
  • Jul 20, 2012 1:07am Jul 20, 2012 1:07am
Quoting Forex2k10
Not 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...

obviously u don't have a citi account....for a 10k account, u get 1.6pip for eur/usd.......stop lying
  • #9
  • Jul 20, 2012 4:18am Jul 20, 2012 4:18am
Quoting slow_trader
obviously u don't have a citi account....for a 10k account, u get 1.6pip for eur/usd.......stop lying
if you got 50k account with comm the spread is 0.4 90% of the time
  • #10
  • Jul 20, 2012 4:43am Jul 20, 2012 4:43am
Quoting PoundTrader
if you got 50k account with comm the spread is 0.4 90% of the time
it depends on how much u trade, not how much u put in
  • #11
  • Jul 20, 2012 4:48am Jul 20, 2012 4:48am
Quoting slow_trader
it depends on how much u trade, not how much u put in
im telling you thats what i get, don't know about you.
  • #12
  • Jul 20, 2012 8:39am Jul 20, 2012 8:39am
Quoting PoundTrader
im telling you thats what i get, don't know about you.
so how much are u trading to get 0.4pips?
  • #13
  • Jul 20, 2012 10:13am Jul 20, 2012 10:13am
Quoting slow_trader
so how much are u trading to get 0.4pips?
why don't you call them they can answer all the questions you may have.
  • #14
  • Jul 20, 2012 11:42pm Jul 20, 2012 11:42pm
Quoting slow_trader
so how much are u trading to get 0.4pips?
hey dumbo! PT trades a 7 figure account and not a micro mini like the bulk of you guys.
The only way not to think about money is to have a great deal of it
  • #15
  • Jul 22, 2012 9:11am Jul 22, 2012 9:11am
I 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...

1.6 spread, better over 50K acc.

1:50 leverage though, which is fine by me.
  • #16
  • Jul 22, 2012 9:14am Jul 22, 2012 9:14am
Quoting attila
I 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.
they have a little over 600 customers with an average 100k account size.
  • #17
  • Jul 22, 2012 9:17am Jul 22, 2012 9:17am
Quoting PoundTrader
they have a little over 600 customers with an average 100k account size.
maybe, I don't know. but they are a serious broker + FDIC insured which is critical these days. I believe it's the only bank/broker in the U.S..
  • #18
  • Jul 22, 2012 12:34pm Jul 22, 2012 12:34pm
Quoting PoundTrader
they have a little over 600 customers with an average 100k account size.
Where did you get the number (600 customers)? I'm just curious... as I'm one of them.
  • #19
  • Jul 22, 2012 12:44pm Jul 22, 2012 12:44pm
Quoting attila
1.6 spread, better over 50K acc.
I guess that's including commissions?
Forex is a losers game.
  • #20
  • Jul 22, 2012 12:54pm Jul 22, 2012 12:54pm
http://forexmagnates.com/us-forex-br...st-profitable/
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