City Global Trading Review

Is City Global Trading Scam or Legit Broker?

City Global Trading is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes. 

What is City Global Trading?

City Global Trading is a trading service provider that offers expert advice to help in a smart managed FX investment choice and assist by a most reliable environment through transparent pricing. The broker claims its registration of an address in the UK, as well as the regulation by FCA since the financial service provider operating in the UK should hold a necessary license.

• However, the facts revealed totally opposite situation while the City Global Trading nor regulated or authorized by FCA or any other entity to deliver its service. In addition to that, the FCA has even issued an official warning against the City Global Trading broker, as the company misleads about its legal information and targets UK residents without legal permission to do so.

“Almost all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized by us. The firm City Global Trading is not authorized by us and is targeting people in the UK. We strongly advise you to only deal with financial firms that are registered, and check the Financial Services Register to ensure they are.”

FCA, UK. December 2018.  

• Therefore, it comes to the point that City Global Trading is most probably located in some offshore zone or even registered by none while presenting itself as a legit firm.

City Global Trading Review Conclusion

Traders should be extremely careful while choosing the broker to trade with, as scams invent more and more possibilities to target their victims. The reliable offering always would come from a reputable and regulated firm, with a necessary implementation of protective tools.

Thus, as general advice and particular case, we would advise better to choose among truly FCA-regulated brokers, while the list of FCA Regulated forex brokers can assist in choice, or brokers such as FXPrimus (Check FXPrimus broker review here) and XM(Read about XM trading). 

City Global Trading Update

Based on our research, the City Global Trading website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.