Ciizurn Forex Broker

Ciizurn Forex Broker - Complete Information Guide

1. Overview of the Broker

　　Ciizurn Limited, also known as Ciizurn Forex, is an offshore broker that presents itself as a Canadian foreign exchange and CFD trading platform. The company claims to offer a wide range of trading assets, exceeding 1000 different instruments, and provides access to popular trading platforms like MetaTrader 4 and MetaTrader 5. However, it is important to note that Ciizurn is not regulated by any recognized financial authority, which raises significant concerns regarding the safety of client funds.

　　The broker is headquartered in Hong Kong, specifically at Unit 83, 3/F, Yau Lee Center, 45 Hoi Yuen Road, Kwun Tong, Kowloon. It operates as a private entity, without any public listing. The primary market served by Ciizurn includes retail traders interested in forex, cryptocurrencies, and CFDs. However, the company's history is marred by allegations of fraudulent activities, with multiple regulatory bodies, including the AFM in the Netherlands and the CNMV in Spain, having blacklisted it for operating without authorization.

　　Ciizurn Limited is part of a group of companies that includes Ciizurn Global Limited and several other entities that claim to offer financial services. Despite its claims of being an award-winning broker, the reality is that Ciizurn is often regarded as a rebranded scam, attempting to attract investors under a new domain name after previous warnings and blacklists.

2. Regulatory and Compliance Information

　　Ciizurn Limited operates without any regulatory oversight, making it a high-risk option for potential investors. The broker is not licensed by any major financial regulatory authority, which is a significant red flag. The primary regulatory bodies that oversee financial activities in various jurisdictions include:

• Financial Conduct Authority (FCA) - United Kingdom
• Cyprus Securities and Exchange Commission (CySEC) - Cyprus
• Australian Securities and Investments Commission (ASIC) - Australia
• Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) - Canada

　　Despite its claims of being regulated by FINTRAC, it is essential to understand that the primary regulatory authority in Canada is the Investment Industry Regulatory Organization of Canada (IIROC). Ciizurn cannot be found in any of these regulatory registers, indicating that it operates outside the legal frameworks designed to protect investors.

　　Furthermore, Ciizurn does not offer any guarantees for client funds, nor does it maintain segregated accounts, which are crucial for ensuring that client assets are protected in the event of insolvency. The lack of participation in any investor compensation schemes further exacerbates the risks associated with trading through this broker.

　　The broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is also questionable, given its unregulated status. Investors should approach Ciizurn with extreme caution and consider the potential for loss of capital.

3. Trading Products and Services

　　Ciizurn Limited offers a variety of trading products, primarily focusing on forex and CFDs. The broker claims to provide access to over 1000 trading instruments, which include:

• Forex Currency Pairs: A wide range of major, minor, and exotic currency pairs.
• CFDs on Indices: Trading options on various global indices.
• Commodities: Including precious metals and energy products.
• Cryptocurrencies: A selection of popular cryptocurrencies for trading.

　　However, the specifics regarding the number of forex pairs and the types of CFDs available are not clearly stated on the broker's website. Additionally, there is no information regarding the frequency of product updates or the introduction of new trading instruments.

　　Ciizurn's offerings are primarily targeted at retail traders, and it appears to lack services specifically designed for institutional clients. The absence of white-label solutions or asset management services further limits its appeal to a broader range of investors.

4. Trading Platforms and Technology

　　Ciizurn Limited claims to support both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are well-known for their user-friendly interfaces and advanced trading features. However, multiple reviews indicate that access to these platforms may be restricted, and potential clients have reported difficulties in registering or using the software.

　　There is no mention of a proprietary trading platform, which is common among many brokers aiming to provide a unique trading experience. The absence of a web-based trading platform and mobile applications for iOS and Android further limits accessibility for traders who prefer to trade on-the-go.

　　The execution model used by Ciizurn is not clearly defined, leading to uncertainty about whether it operates on an ECN, STP, or market-making basis. Additionally, there is no information available regarding the location of its servers or the technological infrastructure backing its trading operations.

　　API access and support for automated trading are also not mentioned, which could be a significant drawback for algorithmic traders seeking to integrate their strategies with the broker's trading environment.

5. Account Types and Trading Conditions

　　Ciizurn Limited offers two main types of trading accounts: a CFD account and a company account. The minimum deposit required to open an account is set at $100, which is relatively low compared to other brokers. The trading conditions are as follows:

• Minimum Deposit: $100
• Leverage: Up to 1:50
• Spreads: Starting from 0.3 points (exact details on spreads are not provided).

　　The broker does not offer specialized account types, such as VIP or professional accounts, nor does it provide options for Islamic accounts. A demo account policy is also not clearly outlined, leaving potential clients uncertain about the availability of a risk-free trading environment.

　　The minimum trade size and overnight fees are not specified on the broker's website, which may pose challenges for traders looking to understand the cost structure associated with their trading activities.

6. Fund Management

　　Ciizurn Limited supports a limited range of deposit methods, which typically include bank transfers, credit cards, and potentially some electronic wallets. However, specific details regarding the supported payment methods are not transparently shared on their website.

• Minimum Deposit Requirement: $100 for different account types.
• Deposit Processing Time: Not explicitly stated, which may lead to uncertainty for potential clients.
• Deposit Fees: Information on fees associated with deposits is also not provided.

　　Withdrawal methods and limitations are crucial for traders, but Ciizurn does not disclose this information. The processing time for withdrawals is unclear, and there is no mention of any fees that may apply to withdrawals.

　　Overall, the lack of transparency regarding fund management raises concerns about the safety and accessibility of client funds.

7. Customer Support and Educational Resources

　　Ciizurn Limited provides limited customer support, with channels including email and potentially online chat. However, the absence of a dedicated phone line may hinder immediate assistance for traders facing issues.

• Service Hours: Not specified, which could affect traders in different time zones.
• Language Support: The website appears to cater to an English-speaking audience, but it is unclear if support is available in multiple languages.

　　In terms of educational resources, Ciizurn offers minimal materials for traders. There is no indication of webinars, tutorials, or eBooks that could help clients improve their trading skills. Market analysis services, such as daily insights and research reports, are also not mentioned, which could limit traders' access to valuable information.

　　Trading tools, such as calculators and economic calendars, are not highlighted, which may further detract from the overall trading experience.

8. Regional Coverage and Restrictions

　　Ciizurn Limited claims to serve a global client base, but specific details regarding the primary markets served and regional offices are not provided. The broker does not specify which countries it accepts clients from, leading to uncertainty for potential investors.

　　Moreover, it is essential to note that Ciizurn is not authorized to operate in several jurisdictions due to its unregulated status. This includes regions like the European Union, where regulatory bodies have warned against engaging with the broker.

　　In summary, while Ciizurn presents itself as a global trading platform, the lack of transparency regarding its regional coverage and restrictions raises significant concerns for prospective clients.

　　In conclusion, while Ciizurn Limited markets itself as a forex and CFD broker with various trading offerings, the overwhelming evidence suggests that it operates as an unregulated entity. Investors are strongly advised to exercise caution and consider the risks associated with trading through this broker.