City Credit Capital (CCC) is a Forex and CFD Broker that features on its trading platform currency pairs as well as CFDs on indices and commodities. City Credit Capital (UK) Limited (“CCC”) is regulated and overseen by the Financial Conduct Authority (FCA) in the United Kingdom. Real trading is possible with a minimum deposit of $500. The City Credit Capital website is available in English, Spanish and Chinese.
What do we cover in our City Credit Capital Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Website address: www.cccapital.co.uk
- Leverage: up to 1:30
- Instruments: Forex (13 pairs), CFDs – Indices, commodities
- Minimum deposit: $500 (Accounts held in EUR, USD, GBP)
- Demo account: Yes, free of charge
- Methods of deposit and withdrawal: Wire Transfer, Skrill, Neteller, Credit and debit cards (Visa/MasterCard/Maestro)
City Credit Capital Trading Platform
For FX and CFD trading, City Credit Capital offers MT4 and Markets Trader. MT4 is a popular trading platform used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application. Markets Trader is a bit less popular than MT4, but this platform also provides a fast, secure and flexible solution for technical analysis and executing trades. The broker gives access to around 30 trading instruments.
City Credit Capital Spreads
As any other CFD broker, City Credit Capital charges a spread fee. For the most current spread charges, please visit the www.cccapital.co.uk website. Here is a spread comparison table that contrasts City Credit Capital spreads with popular industry competitors.
|City Credit Capital*||N/A||N/A||N/A||N/A|
*We tried to scan the spreads data from the broker’s website on 20.12.2019 at 15:10 GMT. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.
City Credit Capital regulation
City Credit Capital (UK) Limited (“CCC”) is authorized and regulated under the Financial Conduct Authority with reference number 232015.
Advantages and disadvantages
Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce City Credit Capital.
City Credit Capital Pros
City Credit Capital Cons
- Low number of tradable assets, no CFDs on shares nor cryptocurrencies
To sum up the City Credit Capital Review
City Credit Capital adheres to strict regulatory guidelines of the FCA. The broker does not state on its website typical spread charges so we were unable to compare this data with competition in the industry. However, we know that CCC features 2 trading platforms and a free practice demo. The number of available forex pairs, as well as CFDs, is not particularly attractive. The company does not feature even any CFDs on shares or cryptocurrencies.
Your review can make a difference to other traders, please leave a comment if you have any personal experience with City Credit Capital.
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