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City Credit Capital Fees and Spreads

City Credit Fees and Spreads

 

Overall Rating

4.1/5

Rated #281 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

City Credit Capital offers trading without commissions. City Credit Capital traders also need to ensure that they verify additional charges which may be waived by their financial institution. Also, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

Finding a reputable list about City Credit Capital Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

 

The City Credit Capital spread list is as follows:

City Credit Capital charges fixed spreads for FX majors, indices, commodity CFDs, and precious metals, at around 3 pips for EUR/USD and $0.04 for spot silver.

Spreads for spot indices are around 2 points for the FTSE 100 and 10 points for crude oil. Unfortunately, these spreads are not as low as those offered by many other traders in the industry.

That said, the broker does provide for commission-free trading and a competitive fee structure with regard to trading in general.

 

Additional Trading Fees

 

City Credit Capital does charge rollover fees, also referred to as swap fees or overnight fees, which are charged on each night that a position is held. The broker does not charge inactivity fees, which is an advantage over other competitors.

An account shall be deemed as dormant from the last day of the ninety (90) calendar days during which there has been no activity (trading/withdrawals/deposits) in the account.

Unfortunately, the broker does not offer an Islamic Account, or swap-free account, for traders of the Muslim faith who must comply with Sharia law with regards to interest. This presents a serious drawback for traders is the Islamic faith.

 

Overall Rating

4.1/5

Rated #281 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

 

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. Also, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

City Credit Capital is not a spread betting broker, so spread betting fees will not apply.

 

Pros and Cons

✔️ PROS ❌ CONS
Commission-free trading Not the tightest spreads
No deposit fees Islamic account not available
No withdrawal fees
No inactivity fees

 

You might also like: City Credit Capital Sign Up Bonus

You might also like: City Credit Capital Demo Account

You might also like: City Credit Capital Minimum Deposit 

You might also like: City Credit Capital Account Types 

 

FAQ’s

 

How many instruments can I trade with City Credit Capital?

City Credit Capital specializes in forex and CFD trading, with 21 currency pairs such as EUR/USD and 8 well-known indices including the FTSE 100 and NASDAQ. There are also 5 commodity futures to choose from, including crude oil and wheat, plus spot gold and silver.

 

Does City Credit Capital offer leverage?

The broker offers a maximum leverage limit of 1:30 on major currency pairs and up to 1:20 on non-major currency pairs, gold, and major indices.

Commodities other than gold and non-major equity indices can be leveraged up to 1:10. The margin requirements for each asset are provided on the broker’s website.

 

What spreads can I expect with City Credit Capital?

City Credit Capital charges fixed spreads for FX majors, indices, commodity CFDs and precious metals, at around 3 pips for EUR/USD and $0.04 for spot silver.

 

Does the City Credit Capital charge commission?

No, the broker offers trading without commissions.

 

Is City Credit Capital regulated?

Yes, City Credit Capital is regulated by the Financial Conduct Authority (FCA).

 

Is City Credit Capital a recommended forex trading broker for experts and beginners?

Yes, City Credit Capital is a good option for beginner and advanced traders.

 

What is the overall rating out of 10 for City Credit Capital?

8/10.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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