Backing of a leading bank with full FDIC protection for the customerís money, an exceptional advantage in forex trading.
CitiFX Proís trading spreads are fairly wide, averaging two to four pips in normal market conditions. It is not designed for freshman.
Excellent trading platform for experienced traders and institutions. It offers the sophisticated functionality that every advanced trader desires.
CitiFX Pro Forex Trading Platform Review - Best place to trade currencies?
CitiFX Pro forex trading platform is a part of Citigroup, which has a legacy of more than a century in the forex markets. CitiFX Pro online currency trading was launched in 2007, which makes it somewhat of a newcomer compared to several other online forex brokers. However, the size and history of Citigroup more than compensates for its relative newness.
Within a short period of time, CitiFX Pro has already established itself as a leading FX trading platform. It took home The Profit and Loss Best FX Retail Platform award for the second year in a row, and also the coveted FX Week award for Best Retail Platform in 2011.
Global Currency Breadth
CitiFX Pro offers you more than 130 currency pairs, which is among the widest set of tradable currencies that you can find with any forex broker. The key advantage with Citi is that you maintain an opportunity to trade in emerging markets as well as less liquid currencies that an average FX broker would not offer. CitiFX Pro offers liquidity in many Latin American, East European, Middle Eastern, and Asia-Pacific currencies.
Best Practices and Client Service
Citi is well-known for its best practices developed over decades in FX trading. The same practices and values have been incorporated into the CitiFX Pro platform. This helps to bring fair and equitable price and order handling for every customer. Dedicated specialists offer 24-hour client service to look after your trading as well as administrative needs. Users of this trading platform find its client serve a differentiating feature when comparing it against other competitors.
Efficient Trade Execution
CitiFX Pro allows you to trade anytime and anywhere from your computer, web, or mobile phone. The platform provides sophisticated trading functionality and is intuitive to navigate. Users have commented upon the reliability of CitiFX Proís execution in comparison to its competitors. The platform tries to minimize rejections and tries hard to confirm a trade even if the market has adversely (within limits) during the latency period. Minimum rejected trades are one of the key factors from the traderís point of view.
What Others are Saying
Many users feel that CitiFX Pro, as the name suggests, is not the right choice for beginners, and is designed with the advanced trader in mind. Minimum deposit requires with CitiFX Pro is one of the highest at $10,000. The platform does not provide basic training to beginners, and not even demo or trial practice accounts, unlike most other online brokers.
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