CIX Markets Review 2023

CIX Markets has closed. Please see the list of similar brokers or the Best Brokers List for alternatives.

1 / 5
CIX Markets is #105 in our CFD broker rankings.

CIX Markets is an FCA-regulated online trading broker offering powerful tools.

MT4, TradingCentral
Forex, CFDs, indices, commodities, interest rates, bonds
Neteller, Wire Transfer, Visa, Skrill, Maestro
Forex Trading

Trade on a range of major, minor and emerging forex pairs.

Stock Trading

Trade on key stock indices, including the FTSE and Dax.

CFD Trading

Buy and sell on a breadth of financial markets with leveraged CFDs.

CIX Markets is an emerging forex broker offering two platforms as well as additional tools, such as Trading Central. If you’re wondering whether it’s safe to trade at CIX Markets, this website review dives into the company’s history, regulation, spreads and payment times, to help you make a decision.

CIX Markets Headlines

CIX Markets is owned by City Credit Capital (UK) Ltd, an established and award-winning online brokerage. Launched in 2015, CIX Markets is the company’s newest venture, providing FX and CFD trading to retail and institutional clients. The broker is regulated by the Financial Conduct Authority (FCA) in the United Kingdom and is headquartered in London.

CIX Markets aims to provide the same level of superior and professional service as City Credit Capital with the addition of an enhanced platform and a wider range of tradable assets.

Trading Platforms

CIX Trader

The broker’s trading platform is a fast and sophisticated software offering 24/5 access to currencies, indices, commodities and more.

The platform comes with an analysis and charting package, which includes drawing tools, 20 types of indicators and access to Trading Central research. Users can also access live quotes and a real-time news feed by Dow Jones. In addition, there is a variety of order types, including Limit Settle, OCO, and If-Done.

CIX Trader
CIX Trader

MetaTrader 4

Alternatively, traders can opt for the popular MT4 platform, which includes a broader range of technical indicators and orders. Each instrument can be analysed in detail using multiple time intervals and charting types. There’s also automatic updates in the news feed as well as rich trading history. MT4 also supports the use of trading robots (Expert Advisors) which can be programmed and customised to suit any strategy.

CIX Markets MT4
CIX Markets MT4

Assets Review

CIX Markets offers 58 major, minor and emerging currency pairs, 20 spot and CFD indices, including the DAX 40 and FTSE 100, 9 commodities including metals, energies, and soft commodities, plus a few interest rates and bonds. Unfortunately trading on stocks and cryptocurrencies is not available.

Trading Fees

CIX Markets offers fixed and variable spreads starting from 1 pip for major currency pairs such as EUR/USD. Index CFDs are around 3 points for the FTSE 100 and for crude oil, target spreads are $0.04. The broker does not charge trading commissions but swap fees may apply to overnight positions.

Overall, this means CIX Markets is middle of the road when it comes to trading fees.


As per FCA restrictions, the maximum retail leverage available is 1:30 on FX majors. The broker provides a breakdown of the margin requirements in the Markets Information Sheet. For higher leverage rates, clients may need to turn to offshore providers but that can mean less regulatory scrutiny and limited trader protection.

Mobile Trading

The CIX Trader mobile app delivers all the same features as the PC version, including full account management, live pricing, market news and a professional charting package with advanced technical indicators.

Alternatively, clients can opt for the MetaTrader 4 mobile app which is also fully-featured and comes with all the tools for advanced trading on-the-go. The app allows you to set notifications and alerts, so you can keep on top of new trading opportunities.

CIX Markets mobile trading
CIX Markets mobile trading

Both apps are compatible with iOS and Android smart devices.

Payments Review

CIX Markets accepts funding via bank wire, credit/debit cards including Visa, MasterCard and Maestro, as well as Skrill and Neteller. Deposits are available in GBP, EUR or USD. The minimum initial deposit is $500. Funds generally take 24 hours to clear.

This review was disappointed to see the broker isn’t transparent with payment times and funding fees, so it’s worth checking with customer support for details if you’re thinking about opening an account.

Demo Account

New and experienced traders can test their skills in the broker’s trial account free of charge, with $50,000 in demo funds. CIX Markets offers full access to the trading platforms with real-time conditions for 4 weeks. After the month trial period, clients have the option to register for a real-money account.

CIX Markets Bonuses

Due to an FCA ban on trading bonuses, there are no promo deals offered by CIX Markets at present. See the broker’s website in case this changes.

Licensing Review

City Credit Capital (UK) Ltd (CIX Markets) is authorised by the Financial Conduct Authority (FCA) in the United Kingdom, under license number 232015. The FCA places strong regulatory oversight on brokerage firms and imposes strict standards such as annual audits and financial reports.

CIX Markets holds client money in segregated Tier 1 bank accounts. Under the Financial Services Compensation Scheme (FSCS), client capital is also insured up to £85,000 in the event of insolvency.

Additional Features

CIX Markets offers daily market commentary and analysis from Trading Central. Trading Central is a research platform add-on that provides regular updates, signals, targets, and timeframes. There’s also an education section with beginners’ guides and trading platform instructions, as well as an economic calendar.

CIX Markets analysis
CIX Markets analysis

CIX Markets Account

CIX Markets offers a single live account which can be opened in a few steps. Traders will need to submit their identity documents and proof of address. There’s no strict minimum deposit requirement, but the broker recommends at least $500 initially. The minimum trade size is 0.1 lots.


CIX Markets offers several attractive features, including:


We did identify some disadvantages, including:

Trading Hours

Dealing hours for FX and some commodities are 24 hours, from Sunday at 22:30 (UK time) to Friday at 16:45 (NY time) with a daily trading break between 17:00 and 17:02 (NY time). All other times can be found in the trading platforms or in the broker’s Markets Information Sheet.

Customer Support

You can get in touch with CIX Markets 24/5 via email, telephone or live chat, though we were unable to connect with the live chat service at the time of writing. This is a concern as lots of providers offer reliable customer support.


MT4 is a safe and secure platform, with encryption protocols in place which safeguard data exchange between the trader’s platform and the broker’s servers. It’s unclear whether the CIX Trader platform provides the same level of security.

CIX Markets Verdict

Traders can access a range of financial assets at CIX Markets, as well as decent trading conditions and a good selection of payment methods. The broker is also trustworthy and regulated by the FCA, so traders can feel safe when investing their money.

Accepted Countries

CIX Markets accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use CIX Markets from United States.

Payment Methods

CIX Markets Details

Minimum Trade 0.1 Lots
Regulated By FCA
Islamic Account No
Mobile Apps Yes
Margin Trading No
Volatility Index No
Spot Trading No
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Expert Advisors (EAs) on MetaTrader
Social Trading No
Trade Signals Yes
Guaranteed Stop Loss No
  • Gold
  • Silver

CFD Trading Details

FTSE Spread 3
GBPUSD Spread 1.6
Oil Spread $0.04
Stocks Spread Variable
Leverage 1:30

Forex Trading Details

GBPUSD Spread 1.6
EURUSD Spread 1
EURGBP Spread 1.4
Assets 58

Top 3 Alternatives to CIX Markets

Compare CIX Markets with the top 3 similar brokers that accept traders from your location.

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Interactive Brokers – Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Day traders can use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources.
    Go to Interactive Brokers
  3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex

CIX Markets Comparison Table

Compare CIX Markets With Similar Brokers
CIX Markets IG Group Interactive Brokers World Forex
Rating 0.8 4.4 4.3 4
Markets Forex, CFDs, indices, commodities, interest rates, bonds CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Forex, Stocks, Commodities, Crypto Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes
Minimum Deposit $500 $0 $0 $1
Minimum Trade 0.1 Lots 0.01 Lots $100 0.01 Lots
Bonus 100% Deposit Bonus
Education No Yes No No
Platforms MT4, TradingCentral MT4, AutoChartist, TradingCentral AlgoTrader, OmniTrader, eSignal, TradingCentral MT4, MT5
Leverage 1:30 1:30 (Retail), 1:250 (Pro) 1:50 1:1000
Payment Methods 5 6 11 10
Visit Visit Visit Visit
Review IG Group
Interactive Brokers
World Forex

Compare Trading Instruments

Compare the markets and instruments offered by CIX Markets and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare CIX Markets Trading Instruments
CIX Markets IG Group Interactive Brokers World Forex
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes No Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver Yes Yes No Yes
Corn No No No No
Crypto No Yes Yes Yes
Futures No Yes Yes No
Options No Yes Yes No
ETFs No Yes No No
Bonds No Yes Yes No
Warrants No Yes Yes No
Spreadbetting No Yes No No
Volatility Index No Yes No No

CIX Markets vs Other Brokers

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Customer Reviews

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CIX Markets is an FCA-regulated online trading broker offering powerful tools.


What can I trade at CIX Markets? 

CIX Markets offers trading in major and minor FX pairs, commodities, indices and precious metals.

How can I make a deposit at CIX Markets? 

You can deposit funds via bank transfer, bank cards including Visa, MasterCard and Maestro, as well as Skrill and Neteller.

What accounts does CIX Markets offer? 

CIX Markets offers a single live account, a demo account or a corporate account. The minimum recommended deposit for a live account is $500.

What leverage is available at CIX Markets? 

The maximum retail leverage available at CIX Markets is 1:30 on major forex pairs, in line with most FCA-regulated providers.

Is CIX Markets a scam? 

CIX Markets is run by City Credit Capital (UK) Ltd, a reputable and legitimate company registered in the UK. The broker is also regulated by the Financial Conduct Authority (FCA).