Company Profile
Company Profile
Review summary
General Information & Regulation
Established in 2013, CityWealth is a New Zealand Registered broker operated by Hortense Holdings Limited. CityWealth is not subject to any regulation, so it is unsafe to trade with this broker.
Official Website Unavailable
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Market Instruments
Tradable financial instruments available on the CityWealth platform include currency pairs, shares, commodities and indices.
Minimum Deposit
The minimum deposit required by CityWealth is $250 and can be deposit in USD, EUR, GBP, CNY, JPY currencies. Although this requirement is reasonable, traders are not advised to register real trading accounts here given the fact that CityWealth is unregulated.
Minimum Trade Size
The minimum trade size allowed by CityWealth is 0.01 lots, friendly to beginners.
Leverage
CityWealth offers leverage up to 1:400, which is high. Since leverage can amplify gains as well as losses, inexperienced traders are not advised not use too high leverage.
Spreads & Commissions
In terms of spreads and commissions, spread on the currency pairs EUR/USD pair is 0.6 pips on a standard account type.
Trading Platform Available
When it comes to trading platform available, CityWealth offers MT4 trading platform, available in Windows, PC, Mobile devices. Since CityWealth is an unregulated broker, traders should not trade on this platform in spite of its leading trading platform.
Deposit & Withdrawal
Payment methods working with CityWealth include wire transfer, credit and debit cards. Some other popular online payment processors including PalPay, Skrill and Neteller are not available.
Customer Support
CityWealth does not offer a dedicated customer support and they can be reached through telephone: +4000091977, email: support@citywealth.co.
