City Credit Capital or CCC is the UK brokerage service firm offering online dealing services to retail investors, institutions and even White Label solutions while conducting its service according to FCA license. The company specializes on Forex and CFDs trading that are accessed through the proprietary platform MarketsTrader all accompanied with dedicated support from international offices located in Hong Kong, Uruguay and Chile.
At CCC the focus has been placed on developing a first-class, highly successful, flexible and transparent programs designed to generously rewards traders with unique opportunities and offers. Although, through the range of accounts traders of any size may join the company profile along with the possibility to access PAMM / MAMM technology and SIPP accounts.
The constant development of CCC technology and tools, not the only key factor at the company. CCC developed also an ultimate customer support service attentive to every client that includes education for traders of any level, comprehensive research materials with fundamental and technical trading principles, as well the tradinginformation from the third party providers.
The daily commentaries from the market leaders are also remaining on hand, as well as dedicated management to every client with no matter of the trader’s size.
Actually, City Credit Capital for a quite long history of operation has received numerous recognitions for their industry achievements from the reputable publications which confirm their quality even more.
Is City Credit Capital safe or a scam?
The first thing to check in order to be sure the broker is a reputable company is to find out about their regulation, which is preferably licensed from the reputable jurisdiction. City Credit Capital (UK) is authorized by the FCA brokerage firm that regulated most of financial services companies within the UK and is among the most elder authorities worldwide. Read more about FCA regulation.
The authority set the standards that are mandated to follow under any circumctances, which includes detailed reporting, ensuring the client funds are held in Tier 1 banks and segregated from the company’s funds. That means the client is treated fairly and protected from fraud operations, while the safe environment provided according to the regulatory system.
Moreover, as an FCA authorized firm, CCC clients automatically covered by the FSCS (The Financial Service Compensation Scheme) that compensates up to 50,000£ in case of the company insolvency.
The execution policy provides seamless trading with no slippage and no-requotes technology through the range of exclusively licensed platforms designed for rapid speeds and constant stability at any market conditions. Moreover, CCC assists to manage trading risk with a variety of order types including market, OCO, limit orders and more.
Generally, City Credit Capital mainstays on two platforms as MT4 Broker and MarketsTrader. MarketsTrader offer a professional choice of software along with powerful charting and analytic package that include 20 popular technical indicators and accessible on various devices, through the Web or desktop versions.
As well, platform applications were optimized for iPhone, iPad and Android devices (iMarkets Trader) so that you may access trading “on the go”. Furthermore, automatic trading is available through APIs, together with one click trading and capability to trade directly from charts.
As for the popular MT4, CCC remains this option for traders who feel more comfortable with industry known platform so you are able to use this technology too. The platform brings all known features to the traders demand with necessary tools and resources, automated trading programs EAs and various versions suited to every device.
CCC designed two account types that present offering to different needs, at the beginning traders may also apply for the demo trading account in order to train skills or get familiar with the broker’s platform. The Demo account is a 30-day practice interface with access to all platforms and features with 100,000$ virtual money.
Both Live accounts Mini and Standard Accounts presented with variable leverage, competitive fixed spread, or ability to switch to variable spread if necessary, to trade Forex, CFDs, Spot Metals and Fractional Pricing.
Furthermore, there is no difference between providing services of included features, both bring all ranges of platforms to choose from, with Trading Central Market Researched, Dow Jones News Feed, Professional charting, Daily Market Commentaries and Dedicated Relationship Managers.
City Credit Capital spreads as mentioned is mainly based on a fixed basis, as an example, you may refer to the table below, as well you may compare fees to another popular broker Ikon Finance.
City Credit Capital overnight fee
Also, always consider City Credit Capital rollover or overnight fee as a cost, which is charged on the positions held longer than a day. Each instrument has a different condition for overnight positions and may be checked directly from the platform.
While trading with City Credit Capital you also offered to use powerful tool leverage, which may increase your potential gains through its possibility to multiple initial accounts balance. Yet, always learn how to use leverage correctly, as leverage may increase your potential loses as well and is a different feature in various instruments.
As for the City Credit Capital leverage levels, they are depending on the instrument you trade, as well defined by the regulatory restrictions. Since, FCA demands lower leverage level the maximum you may use as a retail trader goes to 1:30 for major currencies, 1:20 for minor ones and 1:10 for commodities.
There are many ways how the money can be transferred into CCC trading account to make your trading live, while options including Bank Transfers, Card Payments and e-wallets Neteller and Skrill.
City Credit Capital minimum deposit amount is defined by the account type you choose, while money can be sent via Online Payment Systems the minimum is set to 100 units of your chosen currency USD100, GBP100 etc. Yet, make sure to deposit 500$ at the very beginning as CCC Mini Account first deposit mandates this amount.
Besides, City Credit Capital deposit feecharges may be applied by CCC that are applied to the value of the transaction which is 1.50% for Card Payments, but 0% fees for Neteller payments. Skrill fees may vary according to the type of account whether the account is personal or commercial, while fees are either expressed as a percentage of the transaction or a fixed amount in EUR.
City Credit Capital review is about the UK broker, regulated by FCA which complies fully with the necessary requirements to follow and delivers great trading opportunities. Through the years of successful operation, the broker proves its reliable conditions to trade based on the fixed spread and constant performance with no matter of the market condition.
Even though this strategy may not be applicable to all traders, yet the clients who would like to stand sure about the trading conditions will find this benefit at CCC. While the account balance requirement is rather a small deposit to start allowing trader of any size to engage with relative ease.
Nevertheless, we would be glad to know your personal opinion about City Credit Capital, so you may experience in the comment area below, or ask us for some additional information if required.
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