Citypoint Trading broker reviews

Carefully! Citypoint Trading is suspected of fraud!

Successful trading in the financial markets depends not only on the level of knowledge and skills of traders, but also on the right choice of a broker. It often happens that a company has been operating for more than a year, looks solid, but still robs customers, then rebrands and brazenly throws.

A striking example of such a broker is the Citypoint Trading trading company, which operates legally in England, but provides services in other countries without a license, tritely throwing people. Reviews about the company on the network can be found different, because it does not always fulfill its obligations to customers, so you should think carefully before taking money here.

How Citypoint Trading works and what it offers

Considering the exchange trader, the principles of his work, the services provided by the broker, we can say that the company is average, but it tries to present itself to customers in the best light. Citypoint Trading started customer service in 2008, but in 2019 the English exchange trader moved to a new site, slightly adjusting the brand name. The trading conditions that were presented by the exchange trader to the attention of the client audience are currently as follows:

• payment transactions are carried out with payment cards or by bank transfer;
• the broker has set the minimum deposit at $500;
• Citypoint Trading clients will be able to trade on the site in micro-lots;
• leverage up to 1:100 maximum;
• spreads on the broker's website are fixed;
• Citypoint Trading offers trading in currencies, metals, indices, futures;
• You can trade on MetaTrader4 and Vertex platforms;
• the company cooperates with corporate and individual clients;
• there are 5 accounts available on the site, they are suitable for individual clients, other brokers and those who want to become a partner or affiliate of Citypoint Trading;
• the company is set up for long-term cooperation with traders who work professionally;
• the broker provides clients with the opportunity to work with classic or Islamic trading accounts;
• the company offers fixed spreads to clients, their size is set at around 2 pips;
• There are many channels for feedback with the company.

Yes, Citypoint Trading is ready to describe the working conditions in an attractive and interesting way, but if you read and compare different reviews online, you can understand that the ideal service is not provided here.

As for registration on Citypoint Trading, the procedure looks standard only at first glance, new clients may have difficulty filling in all the fields of the questionnaire and approving their application for opening an account. This broker carefully checks information about clients, but as far as the real aspects of the company's activities, judging by the reviews of real clients, accuracy and transparency are not here.

When reviewing Citypoint Trading, we can say that the company's resource is in English, user support in Russian is also not available, and this can significantly complicate the work. Of the five trading accounts available on the stockbroker's website, there are profiles for individual clients, those who want to build partnerships with the broker or serve their clients through its website. Trading profiles here are designed for different options for cooperation, so everyone can choose the option that suits a particular client.

It will be extremely difficult for beginners to adapt to Citypoint Trading, even professionals in the reviews note that you can lose money here at any time, so there is no smell of focus on customer needs.

The company offers to download the trading platform from its website, and the broker immediately warns of possible risks, so clients who do not calculate their strength will themselves be to blame for financial losses. Yes, such warnings from brokers are typical, but clients often lose money not because of their own oversights, but precisely through the tricks of stockbrokers, but no one will be held responsible for this.

Another thing worth telling about Citypoint Trading is that the company has only a British license, but it also serves customers in other states where it is illegal, so you can expect tricks from it and negative reviews are also not fiction.

Is Citypoint Trading cheating customers?

If you conduct an in-depth review of the company that has become the hero of this article, then you can understand that not everything is so simple in the work of a stock trader and it is impossible to attribute only positive qualities to a broker, as many do. Even the fact of rebranding Citypoint Trading suggests that the company has shown itself in front of its customers in a not the best direction, because it can work transparently in the country where it has a license, and throw money away from residents of other states.

The negative facts that are present in the work of Citypoint Trading at the moment are as follows:

• the company's specialists work to lead the trader to make the wrong decision, respectively, and the loss of finances;
• the broker first pays, enters into trust, then lures out larger amounts, and then throws for money;
• the fact that the company has rebranded speaks of its past oversights, because reputable stock traders, who constantly transparently serve customers, do not change websites and names;
• it is quite problematic to register at Citypoint Trading, there are also problems with the work of the support service;
• the company does not have a license from the Central Bank and is in an offshore zone where its owners are officially registered;
• the level of authority of the broker in the network is not high, which indicates an incompletely transparent service to the client audience on his part;
• the quality of the technical support service at Citypoint Trading is not always high, which does not allow customers to get answers to their questions.

Considering this company, we can say that people are increasingly complaining about problems with withdrawing money, so they will not serve customers transparently here. There are certain questions about the regulation of this exchange trader, so working with him can be risky and bring financial losses to clients.

Since the broker is the property of a company that is located in an offshore state, it is impossible to talk about the complete reliability of Citypoint Trading, as many clients who have trading practice on this site have seen from their own experience. A review of this company shows that the kitchen is hiding behind the cover of reliability and credibility, and scamming customers for money is only a matter of time.

Company website - short reference

Studying the intermediary company and its features, it is worth noting that the official website of the broker was previously located at http://citypointtrading.com/. This resource is currently out of service as Citypoint Trading has moved to a new address and is serving customers with a new name. The following can be said about the new Citypoint Trading website and its main parameters:

• the address of the resource location in the worldwide web - https://www.cptmarkets.co.uk/;
• information about the time of creation of a new brokerage resource - data on the date of foundation of the office is hidden;
• information about the owner of the intermediary site - the data is not available;
• communication with clients on Citypoint Trading and up-to-date contact information - users on the site will be able to find the phone number +44 (0)203 988 2277, e-mail [email protected], there is also the address of the main office.

The broker presented a standard set of contacts to clients, but clients complain about the quality of support provided by the exchange trader, which is often written about in real reviews.

What is the opinion of the company customers?

Considering the real reviews about Citypoint Trading, we can say that the broker does not refuse kitchen methods of work, so many of his clients face financial losses because of this. Citypoint Trading is trying to create the illusion that its British credibility extends to clients from all over the world, but in real reviews they write that this is not the case and you can lose money here through no fault of your own.

They also write in the reviews that Citypoint Trading can disclose information about customers to third parties and this is a negative factor in the work of the company. At Citypoint Trading, they create the illusion of a completely transparent service, they even withdraw small amounts to clients, but as soon as it comes to large investments, a drain cannot be avoided.

This broker is an example of the fact that you can’t wait for fully transparent work from registered companies either, traders should be careful at every step. Citypoint Trading does not scam clients in such a way that it is noticeable, but uses hidden fraud schemes that make traders think that they themselves are to blame for the loss. You should beware of such offices, realizing that later it is unrealistic to resolve disputed issues in your favor, as real traders have already seen.

Hiding behind good intentions towards clients of different categories, representatives of the office think about how to get more money, and the success of traders is of little interest to them. All such exchange traders work on the same principle, which traders should remember before trusting and investing large amounts in offices that are not regulated in their country, and the basis of the business was built offshore.