FxCitizen Journal

Journal status: live
FxCitizen joined in | not yet
FxCitizen Profile
Year
2010
Country
Seychelles
Branches
1
Regulation
not regulated
Registration
no
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, US
Broker type
STP, ECN marketing
Dealing book
A-book
Tier
3
Execution speed
100 ms
LPs total
...
LPs quality
...
LPs names
...

FxCitizen Accounts
STP
ECN
Minimum Deposit
10 $
100 $
Leverage
1000 : 1
200 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
2 pips
1.6 pips
Commission
0 $/lotRT
6 $/lotRT
Volume
...
...
Margin Call
...
...
Stop Out
30 %
30 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Bitcoin, Ethereum, Tether, Skrill, Neteller, Perfect Money
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after ... months
Update broker

Is FxCitizen safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: no
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is FxCitizen trusted?

  • Information transparency: sufficient ★★★
  • Customer service: virtually non-existent
  • FxCitizen website: semi-detailed, updated ★★★
  • FxCitizen popularity (by visitor count): low visits ★★

How FxCitizen works



Raw Spreads: Receive premium pricing from top tier liquidity providers as low as 0.1 pips
No Dealing Desk: Provides unfiltered access to interbank market rates as fast as 0.1 sec execution time
Negative Balance Protection: Clients' trading account is subjected to negative balance protection under normal trading conditions. you are not required to repay the negative balance amount and it will be automatically reset to zero.


Restrictions:
a) FxCitizen reserves the right to cancel any profits that are made within 2 minutes including rebate imposed especially during news release or extreme volatile market condition
Price quotes:
a) The price quotes between our fix spread, floating spread and ecn spread of the same instrument may differ due to spread variation and different liquidity providers


Commission: a) Commission will be charged at the entry of the orders for ECN Account according to the table above b) FxCitizen reserves the right to charge 10% commission from the profits made by the orders that closed exceeded 100pips in profit. And so on, 15% for exceeded 200pips in profit and 20% for be 300pips in profit including Standard Account


Dealer An individual or firm that acts as a principal or counterpart in a transaction. Principals take one side of a position, hoping to earn a spread (profit) by closing out the position in a subsequent trade with another party. In contrast, a broker is an individual or firm that acts as an intermediary, putting together buyers and sellers for a fee or commission.

3.1 CLIENT’S ORDERS PROCESSING
When executing trading operations, the “Straight-Through-Processing Execution” quoting mechanism is to be used.
Client requests and orders are processed according to the following procedure:
The Client makes a request or order that is being checked in terms of correctness in the Client terminal;
Trading terminal forwards request or order to the server of liquidity provider
Liquidity Provider receives client’s request and checks it for correctness. The trading terminal should output the message “request accepted by server”;
Once the Client request or order has been processed, the server sends the result back to the trading terminal at the best price of the moment;
In case the connection between the Client terminal and server is fixed, the Client terminal will receive the dealer result.



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