CityTraders Review: A Fickle Broker

CityTraders Review
  • Regulation
  • Fund Safety


City Traders does not reveal any information when it comes to withdrawals. Hence you are likely to have a hard time trying to access your fund upon successful trade transactions. You should instantly be capable of withdrawing your money.

CityTraders is an offshore broker that claims to be your most reliable platform for any trade conditions. They claim to attain profit through daily market analysis, but it takes more than claims to invest in any platform and earn profits. CityTraders brags about featuring an award-winning platform and that you invest with them and attain massive profits.

CityTraders Review, CityTraders Broker

They brag about having more than 15 years of experience and that they complete more than 18k transactions daily. Hence you would expect to receive tremendous services from the company. However, investing with CityTraders will only be putting your funds at risk, and you will attract losses.

CityTraders does not reveal any special traits that they apply to beat the vast competition in the market. Accordingly, if you are still in doubt and you think the company is legit as you read this unbiased review on CityTraders, you might end up making up your mind.

Also, you can choose to invest with these eligible forex brokers and earn pleasing profits through tried and tested traits. The company does not reveal any methods they use to protect you from the volatility in the market. Review claims to have more than 15 years of expertise in the trading world which is very commendable. However, they fail when it comes to transparency, and the level of professionalism is very questionable. You should fully understand how the company works by knowing who the people behind the company are. CityTraders does not reveal any data of the founders or that of its employees.

Moreover, scammers are fond of hiding personal data from customers since they open new platforms and attempt to swindle more funds from innocent customers. Also, the chances of relying on people who have no idea how the trading world works are very high. Accordingly, they require you to provide personal data while signing up. Thus you risk sharing personal data, and who knows what might happen if the same data falls into the wrong hands.

CityTraders looks forward to giving you investment services in; Stocks, Forex, CFDs, Future and Cryptos, among other services.  All these products are nice to invest in and attain sensible profits but how CityTraders works is unknown.

Therefore you might end up purchasing software that will barely benefit you. The kind of algorithm it uses is not known. Accordingly, automatic trading is precious due to the inability to mix emotions with trading. However, the wrong trading tools will only yield more losses your way.

How Operates looks forward to making the most out of trading through high leverage and experts who manage your funds. However, relying on anonymous people is very risky since scammers often hide information and promise you the world. CityTraders does not feature any special traits that they apply to help stand out from the market’s vast competition. Accordingly, the trading world faces high volatility, and risk measures such as stop-loss- take profit are effective during sudden market shifts.

CityTraders does not seem to have any trade activities taking place. Thus it is almost impossible to determine the results you should expect from the services that offers. Also, past trade data for at least three months or more is beneficial, and we could not find any in this shady broker, yet they claim to have more than 15 years in the same niche.

Nevertheless, scammers tend to operate in a similar likelihood. Thus there is no doubt that CityTraders will operate similarly and make attempts to swindle your funds. They use high attractive profits that are hard to resist.

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Also, you may come across bonuses up to 50% or even more on your first deposits. Hence once you fall for the catch and proceed to make a deposit, then that’s the end of business between you and them. Even so, you will have to complete certain tasks for the bonuses before you can access the bonus, which is non-withdrawable.

CityTraders suits all customers, and they have educational tools that should assist newbie customers. However, the education materials are just basic information explaining basic trade terms. You can easily find similar data online at no extra cost. Nothing makes sense with CityTraders, and they do not have any special trade techniques besides the; economic calendars and the alleged market analysis, which is from unreliable third parties.

CityTraders Funds Safety

CityTraders does not guarantee any safety of funds, and you will be relying on anonymous people for profits which is unheard of. Accordingly, the people behind the platform are the only ones likely to gain from the company services. Also, they might be keeping funds in personal accounts while you await never coming profits.  They do not reveal any banking information to show that your money is indeed safe. Review, Features

Fund safety is paramount in any investment firm, and some murkiness should warn you against going any further as far as trading is concerned. Therefore, CityTraders puts your funds at risk, and personal data may fall into the hands of criminals. They do not reveal any protection measures that prevent your data from third parties.

Deposit and Withdrawals

CityTraders does accept various payment options, including cryptocurrency and wire transfer. However, these payment methods are irreversible, and once you make a deposit, there is no turning back. The minimum amount you can deposit is $250, which is costly for software you know how it works and its efficiency level. In addition, you should use credit/debit options, and they allow you up to 540 days to request a chargeback.

CityTraders does not reveal any information when it comes to withdrawals. Hence you are likely to have a hard time trying to access your fund upon successful trade transactions. You should instantly be capable of withdrawing your money. CityTraders might even charge you hidden fees that are extremely high. Your money is not safe, and they do not have a refund policy to reclaim funds when you are not satisfied with their services.

CityTraders Customer Support

CityTraders does not have any telephone support that you can use to reach them for any queries, nor do they have any email services. Working customer support is critical since it helps to build more trust between the company and the customers. 

CityTraders does not reveal any location address; reaching them is almost impossible. They only have a section that requires you to fill in your personal data and the query. Also, you will hardly receive any response to your queries, and you should always receive an instant response.

Regulation Status of CityTraders

CityTraders does not seem to adhere to any regulation policy. They do not fall under any regulator that is known. Unregulated platforms do not last for long in the market, and they break trade guidelines however they want. The founders also risk facing criminal prosecutions for illegally generating funds from the public.

Regulated forex brokers often show a high level of transparency, and you can always find and verify similar data with the responsible bodies. Unregulated brokers like CityTraders will easily go against trade guidelines since they are not bound to any laws. Thus it would help if you stayed away from the company and any services that they promise you.

Final Verdict

CityTraders promises its traders up to a 50% welcome bonus that is barely withdrawable. They do not have any special trade traits that they apply to help them stand out from the competitors in the market.

Thus it would help if you avoided at all costs. Also, you can choose to invest with these reliable forex brokers for sensible profit returns and a pleasing trade experience.

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