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CITY CREDIT Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.citycredi..., the company's legitimate regulatory information MalaysiaLFSAMarket Maker (MM) to enhance the security of the company's address Unit Level 11 (E), Main Office Tower, Financial Park Labuan Complex, Jalan Merdeka, 87000 W.P. Labuan Malaysia

CITY CREDIT Forex Broker

Basic Information

Registered Region

Malaysia

Operating Period

Company Name

City Credit Capital (Labuan) Limited

Abbreviation

CITY CREDIT

Company employee

Customer Service Email Address

infoccc@cccapital.net

Contact Number

+6087582268

Company Website

http://www.citycreditcapital.com/eng/index.htm

Company address

Unit Level 11 (E), Main Office Tower, Financial Park Labuan Complex, Jalan Merdeka, 87000 W.P. Labuan Malaysia

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information CITY CREDIT Review Summary in 10 Points Founded N/A Registered Country/Region Malaysia Regulation LFSA (suspicious clone) Market Instruments forex Demo Account N/A Leverage N/A EUR/USD Spread N/A Trading Platforms iTrading Minimum deposit N/A Customer Support Telephone, fax, email What is CITY CREDIT？ City Credit Capital (Labuan) Ltd. (CCCLL), a wholly owned subsidiary of City Credit Investment Bank Limited (CCIB), is a licensed foreign exchange broker that is registered with the Ministry of Finance in Malaysia and holds a suspicious clone Labuan Financial Services Authority (LFSA) license. In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance. Pros & Cons Based on the information provided, CITY CREDIT has some advantages such as a proprietary trading platform and multi-channel customer support. However, the broker also has some concerning disadvantages such as lack of regulation, reports of withdrawal issues, and limited information on their website. It is important for potential clients to exercise caution and conduct thorough research before investing with CITY CREDIT or any other broker. Pros Cons • Proprietary iTrading platform • Suspicious clone LFSA license • Multi-channel customer support • Report of unable to withdraw • Lack of transparency • Only forex trading CITY CREDIT Alternative Brokers There are many alternative brokers to CITY CREDIT depending on the specific needs and preferences of the trader. Some popular options include: IronFX: A good option for experienced traders looking for a wide range of trading instruments. FOREX TB: A suitable choice for beginner traders looking for a user-friendly trading platform and educational resources. ForexMart: A decent choice for traders looking for low spreads and fast execution, but lacking in some areas such as customer service. Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs. Is CITY CREDIT Safe or Scam？ Based on the information provided, it appears that CITY CREDIT may be a scam. The fact that their Labuan Financial Services Authority (LFSA) license is suspicious and the broker is unregulated raises serious red flags. Investors should exercise extreme caution when considering to invest with this broker, and it is recommended to choose a regulated broker instead. Additionally, it is important to thoroughly research a broker before investing any funds and to be wary of brokers with suspicious or unclear regulatory licenses. Market Instruments As CITY CREDIT is an unregulated broker, there is limited information available about their market instruments. However, it appears that CITY CREDIT only offers forex trading to its clients. There is no information available on the number of currency pairs available for trading, leverage, or any other trading conditions. Trading Platforms CITY CREDIT offers a proprietary trading platform called iTrading, which boasts a range of features to enhance the trading experience. The platform offers instant executions and promises no requotes or slippage, ensuring that trades are executed quickly and efficiently. Interbank dealing spreads and streaming executable quotes are also provided, allowing traders to access competitive pricing in real-time. The platform also comes with a free charting package and real-time news, giving traders the tools they need to make informed trading decisions. In addition, traders have access to real-time account and position tracking, allowing them to monitor their portfolio in real-time. With 24/7 platform access, multi-lingual and multi-currency accounts, and simultaneous multiple account access, iTrading offers a comprehensive and versatile trading platform. See the trading platform comparison table below: Broker Platform CITY CREDIT iTrading IronFX MetaTrader 4 FOREX TB WebTrader ForexMart MetaTrader 4 Please note that the information provided in the table may be subject to change and it is important to check with the respective brokers for the most up-to-date information. Customer Service CITY CREDIT seems to have a relatively straightforward approach to customer service, with the company offering support via telephone, fax, and email. The office address is also provided openly on the website, which could be beneficial for those who prefer to speak to someone in person. Additionally, the availability of a fax number suggests that the broker caters to a diverse range of clients who might prefer more traditional forms of communication. Pros Cons • Multi-channel support available • No 24/7 live chat support • No live chat support • No social media support • Only support English and Chinese Note: These pros and cons are subjective and may vary depending on the individual's experience with CITY CREDIT's customer service. User Exposure on WikiFX It is important to exercise caution when investing with any broker, and this includes CITY CREDIT. It is concerning to see a report of unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you. Conclusion As a whole, CITY CREDIT offers a web-based iTrading platform and multi-channel customer support. However, there are some concerns about the regulation of the broker and reports of withdrawal issues, which may be a red flag for potential clients. Additionally, there are not transparent on their trading conditions and deposit/withdrawal. Their website lacks much important information. Overall, traders should exercise caution and thoroughly research before investing with CITY CREDIT or any broker. Frequently Asked Questions (FAQs) Q 1: Is CITY CREDIT regulated？ A 1: No. The Labuan Financial Services Authority (NFSA) license is a suspicious clone. Q 2: Does CITY CREDIT offer the industry leading MT4 & MT5？ A 2: No. Instead, it offers its proprietary iTrading. Q 3: Is CITY CREDIT a good broker for beginners？ A 3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency.

CITY CREDIT broker review

Is CITY CREDIT safe or scam

Rating Index

How to login to CITY CREDIT?

City Credit Complete Account Guide: Registration, Account Opening, and Login Processes This comprehensive guide will walk you through the essential processes of registering, opening an account, and logging into the City Credit platform. Whether you are a new user or looking to troubleshoot issues, t

City Credit Forex Broker - Complete Information Guide

1. Broker Overview

　　City Credit Capital (CCC) is a UK-based brokerage firm that has been providing online trading services since its establishment in 2001. Headquartered in London, United Kingdom, City Credit Capital is a private company focused on delivering trading solutions to a diverse clientele, including retail investors, institutions, banks, and other brokerages. Over the years, City Credit Capital has built a reputation for its commitment to innovation and customer service in the financial market.

　　The company primarily specializes in foreign exchange (forex) and contracts for difference (CFDs) trading. Since its inception, City Credit Capital has achieved several significant milestones, including obtaining a license from the Financial Conduct Authority (FCA), which is one of the most reputable regulatory bodies in the financial services industry.

　　With a focus on providing a transparent and flexible trading environment, City Credit Capital caters to both novice and experienced traders. The firm offers various account types and a user-friendly trading platform, which has been recognized for its efficiency and reliability. As part of its operations, City Credit Capital also provides white-label solutions, allowing other financial institutions to utilize its trading technology.

　　As a city credit broker, City Credit Capital emphasizes the importance of regulatory compliance and the security of client funds, ensuring that all trading activities are conducted in a secure environment.

2. Regulation and Compliance Information

　　City Credit Capital is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, with the regulatory reference number 232015. The FCA is known for its stringent regulatory framework, which ensures that financial firms operate fairly and transparently. City Credit Capital adheres to the guidelines set forth by the FCA, which include detailed reporting requirements and the segregation of client funds.

　　The broker has implemented a robust Know Your Customer (KYC) and Anti-Money Laundering (AML) policy to comply with regulatory standards. This includes verifying the identity of clients and monitoring transactions to prevent fraudulent activities. Client funds are held in segregated accounts at tier-1 banks, providing an additional layer of security.

　　City Credit Capital is also a participant in the Financial Services Compensation Scheme (FSCS), which protects clients' deposits up to £85,000 in the event of the firm's insolvency. This regulatory oversight reassures clients that their investments are safeguarded under a well-established financial framework.

3. Trading Products and Services

　　City Credit Capital offers a limited yet focused range of trading products. The broker provides access to 13 currency pairs in the forex market, including major pairs like EUR/USD, GBP/USD, and USD/JPY. Additionally, City Credit Capital offers CFDs on indices and commodities, allowing traders to speculate on price movements without owning the underlying assets.

　　While the selection of trading instruments is relatively modest compared to larger brokers, City Credit Capital aims to enhance its offerings by regularly updating its product range and introducing new instruments. The firm is particularly focused on forex and CFDs, with plans to expand its offerings to include more asset classes in the future.

　　For retail clients, City Credit Capital provides comprehensive trading services, including access to market analysis, research tools, and educational resources. Institutional clients can benefit from tailored services, including asset management and advanced trading solutions. The broker also offers white-label solutions for financial institutions seeking to leverage CCC's technology and trading infrastructure.

4. Trading Platforms and Technology

　　City Credit Capital supports the widely-used MetaTrader 4 (MT4) platform, which is favored by traders for its advanced charting capabilities, automated trading features, and extensive range of technical indicators. In addition to MT4, City Credit Capital has developed its proprietary trading platform, known as Markets Trader. This platform provides a secure and flexible trading environment, allowing users to execute trades efficiently.

　　Both platforms are accessible via desktop and mobile devices, ensuring that traders can manage their accounts and execute trades on the go. The broker also offers a web-based trading solution, catering to clients who prefer not to download software.

　　In terms of execution models, City Credit Capital operates on an STP (Straight Through Processing) basis, ensuring that trades are executed without interference and at competitive market prices. The firm's servers are strategically located to provide fast execution speeds and minimize latency, enhancing the overall trading experience.

　　API access is available for traders looking to implement automated trading strategies, allowing for seamless integration with third-party trading tools and systems.

5. Account Types and Trading Conditions

　　City Credit Capital offers two primary types of trading accounts: the Mini Account and the Standard Account. The Mini Account requires a minimum deposit of $500, while the Standard Account has a higher minimum deposit requirement of $5,000. Both account types offer competitive spreads, with the average spread for major currency pairs starting from 3 pips.

　　The broker provides a flexible leverage ratio of up to 1:30, in accordance with FCA regulations. This allows traders to amplify their market exposure while managing their risk effectively. The minimum trade size for both account types is 0.1 lots, making it accessible for traders with varying capital levels.

　　City Credit Capital also offers a demo account for clients to practice their trading strategies without risking real money. This account is funded with $100,000 in virtual currency and is available for a limited period, allowing new traders to familiarize themselves with the trading platform and market dynamics.

6. Fund Management

　　City Credit Capital supports a variety of deposit methods, including bank transfers, credit/debit cards, and e-wallets such as Neteller and Skrill. The minimum deposit requirement varies based on the account type, with the Mini Account requiring $500 and the Standard Account requiring $5,000.

　　Deposits are processed quickly, with most transactions being credited to the trading account almost instantly. City Credit Capital does not charge any deposit fees, making it cost-effective for clients to fund their accounts.

　　Withdrawals can be made through the same methods used for deposits, and the processing time for withdrawals is typically 1-3 business days, depending on the chosen method. City Credit Capital does not impose withdrawal fees, further enhancing the broker's appeal to traders.

7. Customer Support and Educational Resources

　　City Credit Capital provides dedicated customer support through multiple channels, including phone, email, and an online contact form. The support team is available 24/5, ensuring that traders can receive assistance during market hours. The broker's website is available in several languages, including English, Spanish, and Chinese, catering to a diverse client base.

　　In addition to customer support, City Credit Capital offers a range of educational resources designed to help traders improve their skills and knowledge. These resources include webinars, tutorials, and eBooks covering various trading topics. The broker also provides market analysis services, including daily commentary and research reports to keep clients informed about market developments.

　　Traders have access to various trading tools, such as calculators, economic calendars, and signal services, to assist them in making informed trading decisions.

8. Regional Coverage and Restrictions

　　City Credit Capital primarily serves clients in the United Kingdom and other regions, including Hong Kong, Uruguay, and Chile. The broker has established a presence in several international markets, allowing it to cater to a global clientele.

　　However, City Credit Capital does not accept clients from certain countries, including the United States and other jurisdictions where regulatory restrictions may apply. The broker is committed to complying with local laws and regulations, ensuring that its operations remain within the legal framework of each market it serves.

　　In conclusion, City Credit Capital is a reputable forex broker regulated by the FCA, offering a range of trading products and services to a diverse clientele. With a focus on security, compliance, and customer support, City Credit Capital provides traders with the tools and resources they need to succeed in the financial markets. As a city credit broker, it continues to evolve and adapt to the changing landscape of online trading, ensuring that clients receive a reliable and efficient trading experience.

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