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Citigroup Launches Retail Forex Broker

February 22, 2008 (Last updated on February 20, 2009) by

Citigroup introduced a new retail Forex broker this year — CitiFX. I uploaded the information related to this broker on my site today. CitiFX uses the trading platform made by Saxo Bank. There are no mini Forex accounts available and the minimum deposit is also very high — $10,000. Leverage is lower than in majority of other broker — 1:50 and 1:25 on some pairs. Demo accounts are available for free. This broker can be an interesting choice for the existing Citi customers, but for the vast majority of the Forex traders such conditions are far from preferable.

3 Responses to “Citigroup Launches Retail Forex Broker”

  1. Doug

    Have they paid every month? Are they profitable? Are their accounts monitored?

    Reply

  2. Andrei

    I don’t think that you understand what you are asking…

    Reply

  3. oldfox

    At least one can be pretty sure they aren’t going to go south with your account balance like Refco and One World Capital did.

    Reply

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