What are the CIX Markets?
CIX Markets is a former trade name used by the well-known global brokerage company City Credit Capital or CCC UK – a broker providing electronic trading services to institutional investors, companies and professionals.
CIX Markets has been a CCC company specializing in Forex and CFD trading since 2004 and has now formed its new CIX Markets venture in 2015 in order to further offer access to its superior trading price. CCC has achieved a high degree of customer satisfaction with the institutional level of trading, while creating a retail trading platform to trade across a wide variety of goods, including CFDs and Forex.
With CIX Markets based on the progress of traders, the broker also provides you with educational materials, comprehensive analysis and regular news alerts, which is of course a great plus. Through the range of its offering, traders of any size may enter the trading with the possibility of accessing PAMM/MAMM technology for professionals and good asset trading.
Is CIX Markets secure or is it a scam?
The first thing to do and make sure that the broker is a reputable organization is to find out about its rules and the license under which the firm operates. Preferably a firm should be approved by a respectable jurisdiction and in this case CIX Markets makes us feel good as it is regulated by the FCA. FCA and the United Kingdom itself are among the world’s oldest financial institutions and hubs with high health and operating quality.
As the FCA sets strict requirements under any situation, it ensures that the client funds are separated and safe as well as covered in the event of insolvency of brokers under the FSCS coverage. The key difference is that the authority regulates how consumers are handled at every stage and every transaction, thereby allowing CIX Markets to have consistent rules and a fair trading climate safe from fraud.
In addition, CIX markets, as part of the larger City Credit Capital brokerage with high capitalization and a long history of activity, offer another degree of confidence due to its strong role within the industry.
Platforms for Trading
CIX Trader has built its own in-house trading technology to deliver skilled FX trading packed with sophisticated tools and fast, safe software. The CIXTrader platform is available as a PC or smartphone edition offering Free tools and technical analysis with Trading Central, News, an Advanced Charting Kit and Daily Briefings.
The CIXTrader platform has gained a great deal of popularity among traders, as well as from numerous publications, for its simplicity and highly customizable interface suitable for almost any trader. In addition, the CIXTrader platform allows different types of orders and is therefore fully consistent with the efficient execution of CIX Markets across a variety of liquidity providers.
However, if you still want to trade through MT4 Broker, CIX Markets has this opportunity, so it’s great that you can choose which software to use and where to deploy your strategy. The MT4 platform brings all known features to demanding traders with all the tools and resources needed, automated EA trading programs and various versions suited to each device.
CIX Markets does not make a difference between its traders, giving access to all trading options through a single type of account. The Demo account is also available as a 30-day practice interface with access to $100,000 in virtual money and all platforms for your back test.
CIX Markets provides its traders attractive spreads on more than 55 FX pairs, whereas variable spreads are set at less liquid pairs and most liquid currencies are sold through fixed spreads. Actually, this diversification is a pretty amazing strategy, particularly during high volatility and fluctuations on the reverse marker, making you trade more confidently.
You can see some of the spread examples above, as well as compare fees to another famous broker house in the stock exchange.
And, of course, trading with CIX Markets often promises to use powerful leverage tools that could theoretically boost your earnings through the prospect of multi-account balance. But you should learn how to use it smartly, as to not raise risks as well.
CIX Markets leverage rates depend on the instrument you exchange, as well as regulatory constraints, by being a strictly regulated broker. Recently, FCA has been seeking slightly lower leverage rates for retailers to secure them, so the maximum leverage you can use is 1:30 for major currencies, 1:20 for smaller ones and 1:10 for commodities.
Methods of Payment
Once an account is opened, you can send money to it through the safe client area and then transfer money through Bank Transfer, Card Payments or Neteller and Skrill e-wallets.
Min Deposit Volume
Besides the fact that you can choose your base currency from a list that will make your funding easier, CIX Markets also provides a great opportunity to start with $500, which is quite a decent sum, taking into account margins for the securities, which will naturally allow you to trade almost any offered asset.
In addition, no deposit or withdrawal fees are paid to CIX Markets. That means that the broker does not charge any transaction fees, but, depending on the payment provider, certain additional costs that occur due to the transfer of policies and may vary from country to country.
Obviously, as a part of a well-known and well-established CCC business, CIX Markets provides a great opportunity for traders of various sizes or rates. CIX Markets is worth looking into duo to its fair prices, good technological management and trading solutions.
Also, as a controlled broker, you can be assured that your money is safe along with a convenient trading atmosphere that is also critical when choosing a broker.