Cititrader Review

CitiTrader is a binary options brokerage outfit which is a subsidiary of Brevspand Ltd.  The company was first started in 2009 by a group of Wall Street brokers who recognised the growth of the binary options industry.

Cititrader Bonus Offer

When you sign up for an account with Cititrader you will automatically qualify for a 100% bonus on your first deposit.  Please bear in mind that this offer is only available for deposits of $500 or more.

Trade Types

CitiTrader is one of the brokerages that use the SpotOption Ltd white label trading platform. This provides the following option contracts to traders:

a)      Call/Put Option: The trader can bet on an asset ending higher or lower than market price by expiry for an average payout of 70%.

b)      60 Seconds Option: A Call/Put trade type which expires in 60 seconds.

c)      OptionBuilder: This allows traders to set their expiries to the exact hour and minute of the day, as opposed to the default expiries available on the other trade types.

d)      Citi META: This is a binary options contract with a variable expiry setting.)      One Touch: The high yield touch trade with a weekly expiry promises traders up to 500% payout if their trade calls are successful.

Asset Index

Traders can trade assets in four different classes as follows:

Commodities: Gold, silver, oil (light sweet crude), platinum, wheat, coffee and sugar.

Currencies: NZDUSD, USDEGP, USDRUB, USDBRL, EURGBP, USDCAD, EURJPY, USDJPY, GBPUSD, EURUSD, AUDUSD, USDZAR and USDCHF.

Indices: FTSE-100, DAX-30, Dow Jones, IBEX, NIFTY, Nikkei 225, Tel Aviv 25, TOPIX, KL Future, Straits Times, NASDAQ, S&P500, Bombay SE, Hang Seng, DSM20, EGX30. Tadwul, RTS, MICEX10, ISE30, CAC40, SSE180.

Stocks: Hitachi, Nissan, Amazon, Barclays, BAT, BIDU, FIAT, France Telecom, Goldman Sachs, IBM, Petrobras, SAB Miller, Tesco, S.Bank India, Teva Pharma, Turkcell, TATA, Reuters, BAE Systems, Rolls Royce, HSBC Holdings, Coca Cola, Lukoil, Google, BP, Gazprom. Nike, Apple, Microsoft, Citigroup.

Trade Requirements

The minimum deposit for trading of binary options on the CitiTrader platform is $250. The minimum trade amount is $5, which can be invested in the 60 seconds option. The maximum that a trader can invest into a single trade is $1,000. Traders are allowed to make the maximum investment on several positions. Traders can use the following transaction methods on CitiTrader:

a)      Credit card/debit card: Traders can deposit and withdraw money from their CitiTrader accounts using major credit cards such as Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo. Deposit transactions are processed instantly while withdrawals are processed within 24 hours. Card transactions are free.

b)      E-wallet: Traders can use Moneybookers, Liberty Reserve and CashU as the acceptable e-wallet transactions. These options do not attract any cost for usage.

c)      Traders can also use bank wires to conduct transactions with CitiTrader. The only free withdrawals allowed with bank wires are those that are above $500.

All traders are given an account opening bonus of up to 100% of their account deposits. US traders are also accepted.

Customer Support

Customer support on CitiTrader can be reached via several dedicated phone lines and via email at support@cititrader.com. Account funding and withdrawal issues can be solved by reaching the sales team at accounting@cititrader.com. Traders also have access to a live chat facility. The customer support facility has a multilingual interface to attend to traders from different countries.

Thanks for reading out Cititrader review.  If you have any experiences of the broker, good or bad, please leave your feedback below.