Leverage: 1:30
Regulation: FCA
Min. Deposit: $500
HQ: UK
Platforms: MarketsTrader, MT4
Found in: 2001
City Credit Capital Licenses
City Credit Capital or CCC is a UK-based regulated brokerage service firm offering online dealing services to retail investors, institutions, and even White Label solutions while conducting its service according to the FCA license. The company specializes in Forex and CFDs trading offering a range of market instruments including FX, Equity Indices, Precious Metals, Energies, Commodities, etc.
Based on our research, at CCC traders of any size may join the company profile along with the possibility to access PAMM/MAMM technology, as well as SIPP (Self Invested Personal Pension Plan) accounts.
According to our findings, the broker provides a safe and well-regulated trading environment through the industry-popular Meta Trader and its proprietary trading platforms. Traders have also access to competitive trading solutions, quality research and education, and good customer service.
For the cons, the trading instruments are limited to Forex and CFDs and there is no 24/7 customer support.
| Advantages | Disadvantages |
|---|---|
| FCA license and overseeing | Market instruments are limited to Forex and CFDs |
| Competitive trading fees and spreads | No 24/7 customer support |
| Safe and secure funds | |
| White Label partnership program | |
| Access to Meta Trader |
| 🏢 Headquarters | UK |
| 🗺️ Regulation and License | FCA |
| 📉 Instruments | Forex, CFDs, Equity Indices, Precious Metals, Energies, Commodities |
| 🖥 Platforms | MarketsTrader, MT4 |
| 💰 EUR/USD Spread | 3 pips |
| 🎮 Demo Account | Available |
| 💰 Base currencies | EUR, USD, GBP |
| 💳 Minimum deposit | $500 |
| 📚 Education | Provided |
| ☎ Customer Support | 24/5 |
With extensive experience in the market and strong regulation, we found the company provides advanced trading solutions at competitive prices to meet the diverse financial needs of both individuals and enterprises at different stages.
| Ranking | City Credit Capital | KVB | Hirose Financial |
|---|---|---|---|
| Our Ranking | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Advantages | Safe Trading Environment | Trading Conditions | Trading Fees |
While the firm offers a wide range of trading services at competitive pricing, there are other brokers in the market that offer similar solutions. As a result, we conducted an extensive analysis and created a list of the leading competitors that you may wish to consider.
Actually, City Credit Capital for a quite long history of operation has received numerous recognitions from reputable publications. The screenshot below displays some of the awards that the broker has received.
No, City Credit Capital is not a scam. It provides low-risk Forex trading due to its top-tier FCA regulation which is among the most elder authorities worldwide.
Yes, City Credit Capital is a legit and regulated company.
The brokerage firm’s commitment to meeting strict regulatory requirements ensures that traders who opt to conduct business with them benefit from a secure trading environment.
See our conclusion on City Credit Capital Reliability:
| City Credit Capital Strong Points | City Credit Capital Weak Points |
|---|---|
| Funds protection | None |
| Negative balance protection | |
| Segregated accounts | |
| Regulatory oversight |
The authority set the standards that are mandated to follow under any circumstances, which includes detailed reporting, and 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 fraudulent operations, while a safe environment is provided according to the regulatory system.
Moreover, as an FCA-authorized firm, CCC clients are automatically covered by the FSCS (The Financial Service Compensation Scheme) which compensates up to £50,000 in case of the company insolvency.
While trading with City Credit Capital you are also offered to use 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.
City Credit Capital leverage is offered according to FCA regulation:
We found during our research that CCC has developed two different account types to cover to varying needs. Additionally, novice traders may choose to apply for a Demo account to train their skills or become familiar with the firm’s platform. The demo account provides a 30-day practice interface with access to all platforms and features, with a virtual sum of $100,000 for traders to use.
| Pros | Cons |
|---|---|
| Fast and easy account opening | None |
| Account base currencies EUR, USD, GBP | |
| Demo account available |
Opening an account with a broker is quite easy. You should follow the account opening or sign-in page and proceed with the guided steps:
According to our test trade, a diverse range of financial investment products are offered to meet the individual needs and requirements of investors. These products include a variety of trading instruments such as Forex, CFDs, Equity Indices, Precious Metals, Energies, and Commodities.
The company’s fee structure varies depending on the specific type of account and trading instrument being used. Although the broker doesn’t impose commissions or charges for account inactivity, overnight financing fees are applicable for positions that extend beyond the current day.
| Fees | City Credit Capital Fees | KVB Fees | Hirose Financial Fees |
|---|---|---|---|
| Deposit fee | Yes | No | No |
| Withdrawal fee | Yes | Yes | No |
| Inactivity fee | Low | Yes | No |
| Fee ranking | Low/Average | Low/Average | Low |
Based on our findings, City Credit Capital primarily uses fixed spreads in its trading solutions, while providing the flexibility to switch to variable spreads when needed. Clients can trade a variety of financial products, such as Forex, CFDs, and Spot Metals. The average spread for the popular EUR/USD currency pair in Forex trading is 3 pips.
| Asset/ Pair | City Credit Capital Spread | KVB Spread | Hirose Financial Spread |
|---|---|---|---|
| EUR USD Spread | 3 pips | 0.4 pips | 0.8 pips |
| Crude Oil WTI Spread | 0.01 | 3 | - |
| Gold Spread | 0.01 | 0.01 | 0.01 |
There are many ways how the money can be transferred into the CCC trading account to make your trading live including Bank Transfers, Card Payments, and e-wallets such as Neteller and Skrill.
Here are some good and negative points for City Credit Capital funding methods found:
| City Credit Capital Advantage | City Credit Capital Disadvantage |
|---|---|
| Fast digital deposits, including Credit/Debit Cards | Some deposit and withdrawal fees might be charged |
| Multiple account base currencies |
CCC minimum deposit for a Mini account is $500, as we found. Also, the amount is defined by the account type you choose.
Our research indicates that the broker might charge some deposit and withdrawal fees, calculated as a percentage of the transaction value. For card payments, the deposit fee is 1.50%, while Neteller payments do not incur any fees. Skrill fees, on the other hand, may vary depending on whether the account is personal or commercial and can be expressed either as a percentage of the transaction or as a fixed amount in EUR for withdrawals from City Credit Capital.
CCC primarily uses two platforms for trading: MetaTrader 4 and the proprietary MarketsTrader platform. According to our findings, City Credit Capital provides seamless trading with no slippage and no-requote technology through a range of exclusively licensed platforms that are designed to be fast and stable under any market conditions. ALso, there is a variety of order types, such as market, OCO, and limit orders, to help manage trading risk which is a good plus.
MarketsTrader offers a professional choice of software along with a powerful charting and analytic package that include 20 popular technical indicators and is accessible on various devices, through the Web or desktop versions.
Moreover, platform applications are optimized for iPhone, iPad, and Android devices (iMarkets Trader) so that you may access trading “on the go”. In addition, automatic trading is available through APIs, together with one-click trading and the capability to trade directly from charts.
As for the popular MT4, CCC remains this option for traders who feel more comfortable with the 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.
| Platforms | City Credit Capital Platforms | KVB Platforms | Hirose Financial Platforms |
|---|---|---|---|
| MT4 | Yes | Yes | Yes |
| MT5 | No | No | No |
| cTrader | No | No | No |
| Own Platform | Yes | Yes | Yes |
| Mobile Apps | Yes | Yes | Yes |
You can have access to 24/5 customer support through the Phone line, Fax, and Email at CCC. Also, the client support team comprises trading experts who can provide assistance with technical issues, recommendations, general inquiries, and operational issues.
See our find and ranking on Customer Service Quality:
| Pros | Cons |
|---|---|
| Quick responses | No 24/7 customer support and live chat |
| Relevant answers | |
| Availability of phone line and email |
The broker provides a range of educational resources to traders of all levels, as we got from our research. It includes comprehensive research materials covering fundamental and technical trading principles, as well as trading information from third-party providers.
In addition, CCC provides a demo account that allows traders to practice their skills and get accustomed to the broker’s platform before trading with real money.
Overall, City Credit Capital is a well-regulated broker with a comprehensive range of trading solutions, including popular foreign exchange products, fixed spreads, and competitive pricing. The broker stands out with its focus on providing a safe and secure trading environment through industry-standard trading platforms and strict regulatory requirements. Furthermore, it offers education and research resources for traders of all levels and supportive customer support.
Overall, CCC is a suitable choice for traders looking for a reliable and competitive broker. However, we advise conducting profound research before choosing City Credit Capital as a trading broker to ensure that it meets your trading needs.
Based on Our findings and Financial Expert Opinions City Credit Capital is Good for:
We found that the broker has moved its operations offshore. Therefore we do not recommend trading with it now, since the broker is only offshore with no additional regulation. If FCA license will be resumed it is good to open accounts under this entity.
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I don’t know how this company is allowed to do business in the UK other than no-one has investigated them. It is a complete scam from their proprietary trading platform which is full of “bugs” to deceive customers and misrepresent market data completely right down to their customer service who will reply to you only on the last day .Thanks to assetrec❍veryn❍w .₵❍ was able to get a refund from this company . They use all types of tricks to close your account complete prematurely. COMPLETE SCAM! My mind is blown how this company is being allowed to do business particularly in this economic climate and I pray the FCA and Financial Ombudsman shut them down ASAP before any more people are SCAMMED