CIX Markets Review (2023)

What is CIX Markets?

CIX Markets is a formerly trading name used by the quite known bigger brokerage firm City Credit Capital or CCC UK broker offering online dealing services to retail investors, institutions and professionals. Read more about City Credit Capital by the link.

CIX Markets Pros and Cons

CIX Markets is a reliable broker with top-tier license, the account opening is fully digital and trading environment is good, there are CFDs and Forex instruments with low spreads, platforms and research.

For the Cons there is no 24/7 support and instruments are limited to CFDs only.

Is CIX Markets safe or a scam

No,  CIX Markets makes us feel good as it is authorized by the FCA. 

FCA and the UK itself is among the most elder authorities and financial hubs worldwide with great security and operational standards, read more about FCA regulation.

As the FCA sets strong standards for any circumstances, it does ensure client funds are segregated and safe as well as protected in case of the brokers’ insolvency under FSCS coverage.

Also, the main difference is that authority oversees how clients are treated at every step and order, so CIX Markets obliged to transparent conditions and the fair trading environment protected from fraud.

Also, CIX markets being a part of bigger brokerage City Credit Capital with high capitalization and a long history of operation brings another level of trust due to its strong position within the industry.

Instruments

CIX Markets backed company CCC specializes in Forex and CFDs trading since 2004 and now in 2015 established its new venture CIX Markets in order to give access even further to its superior quality in trading.

CCC achieved a great level of customer satisfaction with the institutional level of trading, therefore developed retail trading opportunity to trade across a broad range of products including CFDs and Forex.

Leverage

And of course trading with CIX Markets you also offered to use powerful tool leverage, which potentially increases your gains through its possibility to multiple account balance. Yet, you should learn how to use leverage smartly, as unreasonable use increases risks as well.

CIX Markets leverage levels depending on the instrument you trade, as well defined by the regulatory restrictions by being a fully regulated broker.

Recently, FCA demand significantly lower leverage levels for retails traders in order to protect them, so the maximum leverage you may use is 1:30 for major currencies, 1:20 for minor ones and 1:10 for commodities.

Account types

CIX Markets does not make a difference between its traders so it gives access to all trading possibilities through a single account type. The Demo account is at your grocery too, as a 30-day practice interface with access to all platforms with 100,000$ virtual money for your back test.

Fees

CIX Markets fees are mainly built into a spread, for full fee structure see table below.

Spread

CIX Markets offers its traders competitive spread on over 55 FX pairs, while the variable spread is set to less liquid pairs and most liquid currencies offered through fixed spread (Find forex brokers with lowest fixed spread). Actually this diversification is the rather amazing strategy, especially during high volatility and fluctuation on a marker in reverse making you trade with more confidence.  You may see some of the spread examples above, as well as compare fees to another popular broker Eightcap.

Payment Methods

So once an account is open you may send money to it through the secure client area and follow by money transfer through Bank Transfer, Card Payments or e-wallets Neteller and Skrill.

Minimum deposit

CIX Markets start deposit is 500$ which is quite a reasonable amount taking into consideration margins for the instruments, which obviously will allow you to trade almost any offered asset. Despite the fact that you may choose your base currency from the selection that allows your easier funding.

CIX Markets minimum deposit vs other brokers

CIX Markets withdrawal

CIX Markets deposit or withdrawal fees are not charged, CIX Markets withdrawal methods are popular Bank Wire and Cards. Which means a broker does not charge any processing fees, however, depending on the payment provider there are some additional costs may appear due to transfer policies and vary from one country to another.

Trading Platforms

CIX Trader developed its own in-house trading technology to deliver FX trading on a professional level packed with sophisticated tools and is fast, secure software. The platform CIXTrader is available as a PC or mobile version with included Free tools and technical analysis with Trading Central, News, advanced Charting Package and Daily Briefings.

CIXTrader platform gained great popularity among traders, as well as recognized by numerous publications for its functionality and highly customizable design suitable for almost any trader.

Also, CIXTrader platform supports various types of orders, therefore it perfectly accompanies powerful execution through numerous liquidity providers CIX Markets is connected with.

However, if you still wish to trade through MT4 Broker, CIX Markets remain this opportunity as well so it is indeed great for many reasons that you may choose which software to use and where to deploy your strategy.

The MT4 platform brings all known features to the demanding traders all with necessary tools and resources, automated trading programs EAs and various versions suited to every device.

Education

With CIX Markets focus on traders’ success, the broker also supports you by educational materials, detailed researches and updated of news on a daily basis, which is, of course, a great plus. Although, through the range of its offering CIX MArkets traders of any size may join the trading along with the possibility to access PAMM / MAMM technology for professionals and ultimate assets trading.

Conclusion

Obviously, CIX Markets being a part of a known and well-established firm CCC brings a great opportunity for traders of different sizes or levels. With its reasonable costs, good technical optimization and trading solution CIX Markets worth good consideration.

Also, as a regulated broker you may rest assured your money are safe along with a convenient trading environment which is indeed important while choosing a broker.

Nevertheless, we would be glad to know your personal opinion about CIX Markets as you may express your thoughts in the comment area below.