⚠️ Regulatory Warning
FCA: LICENSE REVOKED
City Credit Capital (UK) Limited (CCCUK) entered administration on 30 June 2023, and the FCA imposed temporary restrictions on its regulated activities on 20 June 2023. These restrictions were lifted on 4 August 2023 to allow the Joint Administrators to carry out their responsibilities. As a result, CCCUK is no longer authorized to conduct regulated activities.
View Official WarningDate: 30 June 2023
City Credit Capital Review 2026
Regulation Status
Regulation status not confirmed
25
12th Floor, 110 Bishopsgate, London EC2N 4AY, United Kingdom
Not specified
2 types
Overview
City Credit Capital (CCC) is a UK-based online trading platform specializing in Foreign Exchange (Forex) and Contracts for Difference (CFDs). Established in 2001, the company is authorized and regulated by the UK's Financial Conduct Authority (FCA) under license number 232015. CCC offers trading services to private investors, institutions, banks, and brokerages, providing access to global financial markets through its proprietary trading platform, MarketsTrader.
The company is headquartered in London, United Kingdom. As of June 30, 2023, City Credit Capital (UK) Ltd entered administration, and on July 4, 2023, the FCA imposed restrictions on its regulated activities. The restrictions were lifted on August 4, 2023, to allow the appointed Joint Administrators to manage claims against the company and return funds to customers where possible.
Customers were advised to refer to the firm's website for detailed information and to contact the Joint Administrators for claims.
Best For
City Credit Capital is best suited for experienced traders looking for a robust trading platform and a broad range of financial products. Its services cater primarily to those with a solid understanding of the forex and CFD markets, making it ideal for skilled traders who utilize advanced strategies. Traders with varying trading styles—such as scalpers, day traders, and swing traders—will find the platform adaptable, as it offers flexible leverage options and access to various tools conducive to both short-term and long-term trading strategies.
In terms of account sizes, City Credit Capital accommodates both small and larger capital investors. They provide a range of account types, allowing traders to start with smaller investments while enabling higher net worth individuals to invest larger amounts without significant limitations. The platform operates under regulations that ensure a secure trading environment, appealing to traders who prioritize safety.
Additionally, City Credit Capital offers multiple trading platforms, including MetaTrader 4, which is widely recognized for its user-friendly interface and advanced charting capabilities, making it easier for traders of various experience levels to execute their strategies effectively.
City Credit Capital is a renowned online trading platform, and its regulation plays a crucial role in ensuring a secure trading environment for its users. The company operates under the oversight of the Financial Conduct Authority (FCA) in the United Kingdom, one of the most respected financial regulators globally. This regulation helps guarantee that City Credit Capital adheres to strict financial standards, providing traders with confidence in their operations.
One of the primary concerns for traders is their protection. FCA regulations enforce measures that safeguard client funds, such as requiring firms to maintain segregated accounts. This means that clients' money is kept separate from the company's operational funds, ensuring that traders' assets are secure even in adverse situations.
In addition, the FCA mandates that firms have adequate risk management practices in place, further enhancing trader protection. City Credit Capital is also a member of the Financial Services Compensation Scheme (FSCS), which offers additional peace of mind. In the unlikely event of insolvency, traders may be eligible for compensation up to £85,000.
To verify the regulation and safety of City Credit Capital, potential clients can visit the FCA’s official website. By entering the company's name or registration number, traders can confirm its regulatory status and assess any relevant information regarding compliance. In conclusion, City Credit Capital regulation signifies a commitment to trader safety and fund security, making it a trustworthy option for those asking, "Is City Credit Capital safe?"
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Frequently Asked Questions
Visit their website and click the "Open Account" button. You'll need to provide personal information, proof of identity, and proof of address. The process typically takes 5-15 minutes, with verification within 24 hours.
The minimum deposit for this broker is $500 USD.
This broker offers MarketsTrader. Each platform has different features suited for different trading styles.
The regulation status for this broker has not been confirmed. We recommend verifying regulatory information directly with the broker.
Country restrictions are not specified. Please check their website to confirm availability in your location.
Support is available via email, live chat, phone. They also support English, Spanish, Portuguese, and more.
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