Hello,
I am looking for a new broker in U.S since MB Trading has a bit larger spread in pairs that I usually trade. I came across CitiFx (white label for Saxo Bank I think) and seen their minimum deposit requirement so I thought they probably are a quality outfit who wants to avoid Forex noobs, which is alright by me.
But there are many negative comments on Fores Peace Army website, about CitiFx. Some unusual complaints like problem in withdrawing money, were reported. Many times account holder had to call to get his money back. There are some issues reported with MT4 bridge platform where trade entry & exit prices are 'adjusted' after the trade is already closed due to a process called 'EOD adjustment'. Although I deliberately ignored problems reported while opening account. Also interesting was that many users reported high spreads which is surprising because many spread monitoring services actually reported pretty tight spreads.
So I was wondering does any one has any recent experience with a live account with CitiFX($50,000 minimum option). And can anyone share CitiFx's live account spreads on AUD/NZD & AUD/CAD pairs?
Thanks in advance.
Raindrop
I am looking for a new broker in U.S since MB Trading has a bit larger spread in pairs that I usually trade. I came across CitiFx (white label for Saxo Bank I think) and seen their minimum deposit requirement so I thought they probably are a quality outfit who wants to avoid Forex noobs, which is alright by me.
But there are many negative comments on Fores Peace Army website, about CitiFx. Some unusual complaints like problem in withdrawing money, were reported. Many times account holder had to call to get his money back. There are some issues reported with MT4 bridge platform where trade entry & exit prices are 'adjusted' after the trade is already closed due to a process called 'EOD adjustment'. Although I deliberately ignored problems reported while opening account. Also interesting was that many users reported high spreads which is surprising because many spread monitoring services actually reported pretty tight spreads.
So I was wondering does any one has any recent experience with a live account with CitiFX($50,000 minimum option). And can anyone share CitiFx's live account spreads on AUD/NZD & AUD/CAD pairs?
Thanks in advance.
Raindrop
