CITEXTRADINGSYSTEM is a Contract for Difference (CFD) broker whose official website domain was registered on March 12, 2024. This broker primarily offers investment services in trading markets such as forex, cryptocurrency, indices, stocks, energy, and commodities, and does not provide services to countries and regions that might violate local laws or regulations.
Company Registration Information and Regulatory Status
The official website of CITEXTRADINGSYSTEM (citextradingsystem.com) reveals that it uses "Citex Trading System" as its trading name. This broker also claims to be regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC).
Upon investigation, no regulated entities named "Citex Trading System" could be found in the registries of both the FCA and ASIC.
Therefore, CITEXTRADINGSYSTEM (citextradingsystem.com) is essentially a fraudulent broker website without a company entity or any regulatory oversight.
Account Opening Process
The account opening process for CITEXTRADINGSYSTEM trading accounts is as follows: go to the broker's official website, click "Open Account" on the homepage or "SIGN UP" in the upper right corner to enter the account registration page. Then, fill in personal information such as name and email address and set a login password as required. Submit the form and verify your account to complete the registration successfully.
Trading Instruments:
CITEXTRADINGSYSTEM offers clients a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of an entire market or specific sector without trading individual stocks. By exploring popular indices, traders can discover diverse trading opportunities and leverage to enhance potential returns.
- Commodities: Commodity trading covers key global market resources, enabling traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price fluctuations of public companies, earning profits based on company performance and dividends, without actually holding the stock.
- Cryptocurrencies: Cryptocurrency trading offers enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
CITEXTRADINGSYSTEM provides four different types of investment plans: Basic account, Classic account, Platinum account, and Forex Signal Subscription.
Basic account:
- Minimum deposit: $500
- Minimum expected profit: $4,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
Classic account:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
Platinum account:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- Enjoy full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
Forex Signal Subscription:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Use any broker
Trading Platform
CITEXTRADINGSYSTEM claims to provide users with the MT4 trading platform, offering deep liquidity, trading leverage up to 1:500, and the industry's best spreads. However, investigation shows that there is no broker named Citex Trading System on the MT4 platform.
Deposits and Withdrawals
According to the homepage of its official website, CITEXTRADINGSYSTEM supports deposits and withdrawals via debit card, wire transfer, e-check, or check deposits. However, the "FAQ" page claims that they do not support multiple deposit methods, including credit/debit cards and bank wire transfers, accepting only cryptocurrency deposits and withdrawals.
Conclusion:
Traderknows reminds investors that CITEXTRADINGSYSTEM is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
