Citrades has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: Ajeltake Road 96960 Majuro Marshall Islands This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.citrades.com.
My withdrawal from Citrades was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for over three years of being strung along.
Pros: Intuitive for beginners|Professional team
Cons: Nothing significant
I am in a dispute with Citrades over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Demo account available|Regular platform improvements|Easy to use platform
Cons: No dark mode on mobile
Citrades advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Dividend tracking|Instant funding|Personal attention|Easy to use platform
Cons: Help articles are sometimes vague|Could offer more webinars