The Company

Established in 2010, FxCitizen is an offshore brokerage that offers trading in more than 30 currency pairs, CFDs on gold, silver and oil through the MetaTrader 4 (MT4) platform. CFDs on indices & shares are not available with this broker.

FxCitizen is a trading name of Universe Citizen Limited which regulated by the Republic of Vanuatu Finance Service Commission.  Vanuatu is an offshore tax-free destination, where registration procedure for forex and binary brokers is fast and inexpensive. Minimum capital requirements are also low, amounting to $2000. As is usually the case with offshore zones, little focus is placed on supervision of registered entities and client protection, which is why trading with offshore or non-regulated brokerages is extremely risky.

That is why we advise traders to select a forex broker licensed in UK, Cyprus, orAustralia for instance, where traders have certain level of protection and where financial watchdogs exercise supervision over financial services providers.

Company Overview

Company Name
Universe Citizen Limited
Headquarters
115 Barrack Road , 3rd Floor , Belize City , Belize
Website
fxcitizen.com
Regulation
Regulated by Republic of Vanuatu Finance Service Commission
Trading Instruments
Forex , Commodities & Indices
Trading Platform
MT4 (desktop , mobile) , Mobile Cabinet
Deposit /
Withdrawal
Visa/Mastercard , Perfect Money ,  Wire Transfer , Local Depositor
Bonus
Deposit Bonus 35% , Margin Booster 100%
Services
CashBack Program , Monthly Lucky Draw
Customer Service
Live Chat


Trading Accounts

Account type
Minimum deposit
Minimum trade size
Maximum leverage 
Average Spreads (& Commission)
Cent Micro
$10
0.01
1:1000 
2.0 pips, fixed
Standard Mini
$10
0.1
1:500
2.0 pips, fixed
ECN Premium
$1000
1
1:200
0.8 pips + 0.3 pips / lot
Segregated ECN
$5000
10
1:200
0.8 pips + 0.3 pips / lot
  
FxCitizen offers two groups of accounts types – Standard (Micro & Mini) and ECN. Micro & Mini accounts offer higher leverage and fixed spreads with no commission fees. Besides, these account s have swap-free trading optionavailable to investors of Islamic belief. 

ECN accounts, on the other hand, offer variable spreads with commission fees and lower leverage levels.  Keep in mind that mini, micro lots, as well as promotion offers are not available to ECN account holders. In addition, FxCitizen, offers fund management services (PAMM) as well.

FxCitizen’s offerings seem typical for an offshore brokerage – low minimum deposit required, high leverage levels and competitive spreads. The fixed spreadsoffered by this broker are typical for the forex market, fixed at 2 pips for the EUR/USD pair, and ECN trading costs amount to around 1.4 pips on EUR/USD per standard lot round turn, which is average. Scalping, hedging and EAs are allowed at FxCitizen, however restrictions apply toscalping – positions must be opened for at least 2 minutes.


*Risk Warning: Forex and CFD trading involves significant risk to your invested capital.