CiTi FX Pro

[Star]

After a PFG Best debacle I am looking at CitiFX Pro.The main advantage is that money is insured by FDIC for up to $ 250,000.
Does anyone have any experience trading with them ? What have you encountered good and bad ?

[rjbeck69]

After a PFG Best debacle I am looking at CitiFX Pro.The main advantage is that money is insured by FDIC for up to $ 250,000.
Does anyone have any experience trading with them ? What have you encountered good and bad ?

I cannot believe the FDIC insures forex accounts! WOW

The only downside I see is you need at least 10k to trade with them

I would think the liquidity would be run deep there too.

[Star]

After a PFG Best debacle I am looking at CitiFX Pro.The main advantage is that money is insured by FDIC for up to $ 250,000.
Does anyone have any experience trading with them ? What have you encountered good and bad ?

I cannot believe the FDIC insures forex accounts! WOW

The only downside I see is you need at least 10k to trade with them

I would think the liquidity would be run deep there too.

Yes.Liquidity is pretty good.It is actually a white label of Saxo Bank.

[Kevin @ FXPIG]

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Their platform is a WL of Saxo..the liquidity is theirs.

Cheers,

[Star]

Their platform is a WL of Saxo..the liquidity is theirs.

Cheers,

Does Citi have a good liquidity ? I primarily trade EUR/USD pair.

[Kevin @ FXPIG]

Citi is a prime broker, but I am not sure what their retail liquidity looks like...

But if you are trading under 5m or 50 lots per ticket you should not have a liquidity issue anywhere...

Cheers,

[Star]

Citi is a prime broker, but I am not sure what their retail liquidity looks like...

But if you are trading under 5m or 50 lots per ticket you should not have a liquidity issue anywhere...

Cheers,

OK Thank you

[IFFTrader]

I am using them. High ticks second to fxopen but close. Minimum lot is 0.05 though.

[Star]

I am using them. High ticks second to fxopen but close. Minimum lot is 0.05 though.

Do you  like them ? Any unusual slippage problems ?

[IFFTrader]

I still trying them out. For scalping, only two weeks into it, behave much like typical Ecn. Spread is similar too.

Only thing that i need to investigate is the commission. The balance does not tally with myfxbook which I need to clarify with them. If too much hidden charges, I may not go with them.

[Star]

I still trying them out. For scalping, only two weeks into it, behave much like typical Ecn. Spread is similar too.

Only thing that i need to investigate is the commission. The balance does not tally with myfxbook which I need to clarify with them. If too much hidden charges, I may not go with them.

OK.Thank you.

[IFFTrader]

Star, have clear my doubts with citifx. All transactions are correct between mt4 and their web trading portal. What you need to take note is they don't include swap in mt4 and will be credit/debit regularly into MT4 as EOD reconciliation.

I am trading Robin on it and it matches other accounts like pepperstone.

[bennyfx]

I have a small test account with CiTi FX, they are not too bad but I would not rave about them as there are much better ECN brokers out there. One of the things that I did notice was that execution speeds from my CNS VPS to their server was pretty horrible and a far cry from the the lightning speeds that I get on my IC Markets True ECN account.

[IFFTrader]

Forgot to mention citifx min lot size is 0.05. I am trading live and even run NO on it for awhile. It's result is quite similar to ECN like fxpig. Anyway, I don't recommend super scalper ea for this broker.

[Star]

Star, have clear my doubts with citifx. All transactions are correct between mt4 and their web trading portal. What you need to take note is they don't include swap in mt4 and will be credit/debit regularly into MT4 as EOD reconciliation.

I am trading Robin on it and it matches other accounts like pepperstone.

Thanks.That is good to know.My big concern with them is latency and slippage because of that.
My vps is in New York.They use Boston Technologies and their Saxo Bank server is in Denmark.So from my vps in New York my order has to travel to Boston to Boston Technologies`s server and then from Boston to Denmark to get executed.
That is just plain rediculois and way behind times and most of the other brokers that are moving their servers to New York,like Pepperstone for faster execution.
Citi really needs to do something about it.