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Rating Index

Pros

Offers a wide range of trading instruments, including forex, commodities, and CFDs.

High leverage options available, up to 1:400, which can amplify potential gains.

User-friendly trading platform (MT4) that is accessible on multiple devices.

Cons

Unregulated broker, which raises significant concerns about the safety of client funds.

Multiple complaints regarding withdrawal issues, indicating potential difficulties in accessing funds.

High minimum deposit requirements, which may deter beginner traders from starting.

City Wealth broker Accounts

City Wealth Account Type

City Wealth offers several types of trading accounts to cater to different trading needs and preferences. The minimum deposit requirements and leverage options vary across account types:

Standard Account

Minimum Deposit: $250
Maximum Leverage: Up to 1:400
Spreads: Starting from 0.6 pips on major currency pairs.
Minimum Trade Size: 0.01 lots.
Trading Products: Forex, Gold, Silver, CFDs.

Professional Account

Minimum Deposit: $10,000
Maximum Leverage: Up to 1:100
Spreads: Varies, typically lower than standard accounts.
Minimum Trade Size: 0.01 lots.
Trading Products: Forex, Gold, Silver, CFDs.

Institutional Account

Minimum Deposit: $50,000
Maximum Leverage: Up to 1:100
Spreads: Competitive spreads, tailored for institutional trading.
Minimum Trade Size: 0.01 lots.
Trading Products: Forex, Gold, Silver, CFDs.

Given that City Wealth is unregulated, traders are advised to exercise caution when choosing to open an account with them.

City Wealth Broker Account Opening Process

Opening a trading account with City Wealth is a straightforward process. Here are the steps to follow:

Visit the Official Website: Go to City Wealth's website.
Choose Account Type: Select the type of account you wish to open (Standard, Professional, or Institutional).
Fill Out Application Form: Complete the online application form with your personal information, including:

Name
Email address
Phone number
Address
Employment details

Submit Identification Documents: Provide necessary identification documents as per the broker's requirements, which may include:

A government-issued ID (passport or driver's license)
Proof of residence (utility bill or bank statement)

Fund Your Account: After approval, fund your account using available payment methods, such as wire transfer or credit/debit cards.
Start Trading: Once your account is funded, you can start trading on the City Wealth platform.

Please note that due to the unregulated status of City Wealth, it is advisable to conduct thorough research and consider the risks involved before proceeding with account registration.