City FX broker Accounts

city fx Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

city fx Account Types Explained

City fx offers a variety of trading accounts to cater to different trader needs. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Suitable for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads starting from 0.1 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; ideal for high-frequency trading.
• Target User Profile: Advanced and professional traders.
• Trading Instruments Available: Forex and commodities.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; lower commission rates.
• Leverage Options: Up to 1:400.
• Key Features: Enhanced trading conditions; dedicated account manager.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law; no interest on overnight positions.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as the Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment; practice strategies.
• Target User Profile: Beginners and those testing new strategies.
• Trading Instruments Available: Same as the Standard Account.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Detailed city fx Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:400

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.0 pips

• ECN: 0.1 pips

• Pro: 0.5 pips

• Islamic: 1.0 pips

• Demo: 1.0 pips

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: Lower rates

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4

• Pro: MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features: Available for all account types.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• User-friendly interface.

• ECN Account:

• Tight spreads.

• Direct market access.

• Suitable for scalping.

• Pro Account:

• Enhanced trading conditions.

• Dedicated account manager.

• Lower commission rates.

• Islamic Account:

• Complies with Sharia law.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free environment.

• Practice trading strategies.

• No financial commitment.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees apply.

• Pro Account:

• Requires a higher initial investment.

• Not suitable for beginners.

• Islamic Account:

• Limited to specific trading instruments.

• May have fewer features than standard accounts.

• Demo Account:

• Limited duration.

• No real financial gains.

city fx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply.
• Prohibited Countries: Not available for residents of certain countries (specific countries not listed).

Identity Verification Documents Needed

• Proof of Identity: Passport, national ID, or driver's license.
• Proof of Residence: Recent utility bill, bank statement, or government document showing your name and address.

Additional Documentation for Professional Accounts

• Financial portfolio statement or proof of trading experience may be required.

KYC/AML Compliance Procedures

• City fx adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. All clients must provide necessary documentation for verification.

Verification Time Frames

• Account verification typically takes 1-3 business days.

Step-by-Step city fx Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the City fx website and click on the registration button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Specify trading preferences, including leverage and account currency.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and meet the required specifications.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically takes 1-3 business days, depending on the completeness of submitted documents.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade; additional documentation may be required.

city fx Demo Account Guide

Demo Account Features and Benefits

• Practice trading without financial risk.
• Access to the same trading platform as live accounts.
• Ability to test strategies and learn the platform.

How to Open a Demo Account

• Follow the same registration process as for live accounts, selecting the demo account option.

Demo Account Limitations

• Limited duration (usually 30 days).
• No real financial gains from trades.

Virtual Balance Amount

• Typically offers a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

city fx Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, City fx offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader; verification may be required.

Differences from Standard Accounts

• No swap fees on overnight positions.
• Similar trading conditions to the Standard Account.

How to Apply for Islamic Account

• Select the Islamic account option during registration or contact customer support for assistance.

Restrictions or Special Conditions

• Must adhere to Islamic trading principles; no interest-based trading.

FAQs – city fx Account Types & Opening

1. What account types does city fx offer？

• City fx offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: N/A.

1. How long does city fx account verification take？

• Verification typically takes 1-3 business days.

1. Does city fx offer demo accounts？

• Yes, City fx provides demo accounts for practice trading.

1. Can I have multiple account types with city fx？

• Yes, you can open multiple account types.

1. Does city fx offer Islamic/swap-free accounts？

• Yes, City fx offers Islamic accounts that are swap-free.

1. What documents do I need to open a city fx account？

• Proof of identity and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.