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• Our Review Method

• Is City Global Trading Scam or Legit Broker?

• What is City Global Trading?

• Pros

• Cons

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding City Global Trading due to the issues we've identified.

Is City Global Trading Scam or Legit Broker? ▲

The credibility of City Global Trading as a Forex broker is severely undermined by its lack of any formal authorization from globally recognized Forex regulatory bodies. This absence of licensure signals a high risk of fraudulent activity, as the broker operates without the scrutiny and regulatory compliance checks that are essential for ensuring trader safety. Without these checks, City Global Trading operates with unchecked freedom, raising serious concerns about its legitimacy and the safety of its trading environment.

What is City Global Trading? ▲

City Global Trading positions itself as a provider of expert trading advice and management services, aiming to facilitate smart Forex investment choices within a supposedly reliable and transparent pricing framework. The brokerage asserts an operational base in the UK, claiming regulation by the Financial Conduct Authority (FCA) – a claim critical for any financial service provider in the UK to legitimize its operations. However, a stark contrast between these assertions and reality emerges upon closer examination. Not only does City Global Trading lack the claimed FCA regulation and authorization, but it has also been the subject of an official FCA warning for misleading potential clients about its legal standing and for targeting UK residents without the necessary legal permissions. This discrepancy suggests that City Global Trading might be operating from an offshore location or without any registration, masquerading as a legitimate firm.

Pros

Given the serious concerns surrounding City Global Trading, it's challenging to outline any definitive advantages associated with this broker.

Cons

• Absence of any legitimate regulatory licensing, which is fundamental for ensuring the safety and security of traders' investments.

• Misrepresentation of regulatory status, particularly the false claim of being regulated by the FCA, which is misleading to traders.

• An official warning issued by the FCA against City Global Trading, highlighting the broker's unauthorized operations and its misleading practices targeting UK residents.

• The broker's website is currently inactive, suggesting a cessation of operations or a lack of transparency and reliability in its trading offerings.

Conclusion ▲

In the vast and complex world of Forex trading, the importance of partnering with a reputable and regulated broker cannot be overstated. Our thorough investigation into City Global Trading has unveiled a multitude of red flags, from its unlicensed status to its deceptive claims of regulation and the serious warning issued by the FCA. These findings strongly suggest that City Global Trading is far from being a trustworthy trading partner.

For traders, the implications are clear: engaging with City Global Trading carries significant risks, including the potential loss of funds and exposure to fraudulent practices. Our advice is unequivocal – steer clear of City Global Trading and instead consider aligning with brokers that boast genuine regulatory compliance with reputable bodies such as the FCA. This approach not only ensures a safer trading environment but also provides the necessary protections that come with trading through a legitimately regulated entity. In our extensive review of over 1000 brokers, we have identified numerous alternatives that meet these criteria, offering a secure and transparent trading experience. As such, we strongly advise traders to prioritize these regulated options over the dubious and risky proposition presented by City Global Trading.