About CIX Markets

CIX Markets is a new forex broker that offers two platforms as well as other features such as Trading Central. City Credit Capital (UK) Ltd, a well-known and award-winning online brokerage firm owns CIX Markets. CIX Markets, a broker based in London, was launched in 2015 and is regulated by the UK Financial Conduct Authority. With the addition of an upgraded platform and a greater choice of tradable assets, CIX Markets is committed to offering the same level of quality and professional service as City Credit Capital.

CIX Markets offers 58 major, minor, and emerging currency pairings, as well as 20 spot indices and CFDs, including the DAX 40 and FTSE 100, 9 commodities, such as metals, energy, and soft commodities, and a variety of interest rates and bonds. Unfortunately, stock and cryptocurrency trading is not available.

Trading platforms

CIX Trader

The broker’s trading platform is a powerful and complex piece of software that allows you to trade currencies, indices, commodities, and more 24 hours a day, 7 days a week.

Drawing tools, 20 indicator kinds, and access to Trading Central research are all included in the platform’s analysis and charting suite. Real-time quotes and the Dow Jones news feed are also available to users.

MT4

Traders can also use the popular MT4 platform, which has a larger number of technical indicators and orders. Several time intervals and chart styles can be used to evaluate each instrument in depth. There’s also a rich trading history and automatic news feed refreshes. Trading robots (experts) that can be designed and modified to suit any strategy are also supported by MT4.

Mobile trading

The CIX Trader mobile app includes full account management, live pricing, market news, and a professional charting package with advanced technical indicators, just like the PC version. Clients can also use the MetaTrader 4 mobile app, which is fully functional and includes all of the tools necessary for advanced trading on the go. You may personalize notifications and alerts in the app so that you are always aware of new trading opportunities.

Trade commission and Leverage

For popular currency pairs such as EUR/USD, CIX Markets offers fixed and variable spreads starting at 1 pip. The FTSE 100 index CFDs are about 3 pips, while the desired spread for crude oil is $ 0.04. Trading fees are not charged by the broker, although overnight positions may be subject to swap fees.

The maximum available leverage for large foreign exchange companies is 1:30, according to FCA rules. In the Market Information Sheet, the broker breaks down the margin needs. Clients may need to move to offshore suppliers for larger leverage rates, but this may mean less regulatory monitoring and less trader protection.

CIX Markets account

CIX Markets has a single active account that may be opened in a matter of minutes. Merchants will be required to show identification and evidence of residency. Although there are no hard minimum deposit restrictions, the broker initially suggests a deposit of $ 500. The minimum trade size is 0.1 lots.

Demo account

Beginners and advanced traders can practice their abilities with $ 50,000 in demo funds on a demo broker account. For four weeks, CIX Markets provides complete access to trading platforms with live conditions. Customers can register for a real money account after a one-month trial period.

Payments overview

Wire transfers, credit/debit cards such as Visa, MasterCard, and Maestro, as well as Skrill and Neteller, are all accepted at CIX Markets. Deposits can be made in British Pounds, Euros, or US Dollars. The initial deposit requirement is $ 500. In most cases, funds are processed within 24 hours. This review was disappointed by the broker’s lack of transparency on payment time and financing costs, so if you’re considering opening an account, double-check the specifics with the support service.

Licensing overview

The Financial Conduct Authority (FCA) in the United Kingdom has granted City Credit Capital (UK) Ltd (CIX Markets) license number 232015. The FCA keeps a close eye on brokerage businesses and imposes tough regulations such as annual audits and financial controls, reports.

Client funds are held in segregated first-tier bank accounts at CIX Markets. Client money is also covered up to £ 85,000 under the Financial Services Compensation Scheme (FSCS) in the event of insolvency.

Additional features

Trading Central provides daily market comments and analysis to CIX Markets. Trading Central is a platform add-on explorer that gives updates, signals, targets, and time frames regularly. In addition, there is an instructional part with beginner’s guidelines and trading platform instructions, as well as an economic calendar.

Advantages

CIX Markets offers several attractive features including:

• FCA regulation
• Shopping center
• No commission
• Good selection of assets
• MT4 and CIX Trader Platforms

disadvantages

• Limited additional resources and tools.
• Promotions and cryptocurrencies are not offered