Citex Trading System has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: citextradingsystems.com.
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Citex Trading System has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Unauthorized firm|Found in IOSCO warnings database
I gave Citex Trading System a fair chance. After since early this year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Regular platform improvements|Responsive team|Fast deposits
Cons: Nothing significant|No integrated tax optimization
After since last summer with Citex Trading System, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Demo account available|Transparent fees|Competitive fees
Cons: Search feature is basic
After using Citex Trading System for about three months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: High security standards|Clean UI
Cons: Limited cryptocurrency options|Some tools only available on higher tiers
For anyone considering Citex Trading System, please be aware that this company has been flagged by Financial Conduct Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
I invested $15,000 with Citex Trading System after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Conduct Authority.
Pros: Initially responsive customer service
Cons: Lost entire investment|Reported to authorities|Unresponsive
After for close to eighteen months with Citex Trading System I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Comprehensive tools|Two-factor authentication|High security standards|Wide product range
Cons: Limited social trading features|Cannot customize dashboard fully
My card was charged twice by Citex Trading System on the same day. I had to dispute it with my bank. Citex Trading System then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Great customer service|Portfolio tracking tools|Educational resources
Cons: No live chat on mobile
I wanted to transfer my portfolio from another broker to Citex Trading System. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Two-factor authentication|Economic calendar|Multi-currency support|Instant funding
Cons: Onboarding videos are outdated
Citex Trading System offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Customizable dashboard|Transparent fees
Cons: Onboarding videos are outdated