CitiTrader

CitiTrader

Score: 8.4
Bonus Amount: 100%
Min First Deposit: $250
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Broker Details

Name CitiTrader
Founded 2010
Headquarters Location Sofia, Bulgaria
Website Languages English, French, Hindi, Arabic, Chinese
Trading Platform Spotoption
Minimum 1st Deposit $250
Minimum Trade Amount $5
Bonus Upto 100% 1st deposit match bonus
Options Profitability Up to 88%
Free Trade Yes
Options Refund Buy back / Sell
Account Types Beg. Broker, Pro Trader, Autotrader, Managed Accounts, VIP ELITE
Regulation Info CYSEC (pending)
Security and Privacy Offered Yes
Free Demo Account Yes
Deposit Methods Visa, Mastercard, Bank transfer, Skrill, Paypal
Trading Methods 60 Seconds, One touch, CiTi MEta, Option builder
Types of Assets Currencies, Commodities, Stocks, Indices
Number of Assets 100+
Expiry Times 60 seconds, 15 min, 30 min, 1 hour, 2 hour, 3 hour, 4 hour, End of day, End of week, End of month, End of year.
Account Currency USD, EUR, GBP, CAD, INR, CNY
US Traders Allowed USA
Mobile Trading No
Tablet Trading No
Free Assistance Yes

Home Page screen shot

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Trade page screen shot

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Pros

  • Great support & assistance
  • Regulated (pending)
  • Good risk management and exposure

Cons

  • No mobile or tablet trading
  • Maximum trade size is $1000
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Review

Cititrader has been around since 2010 trading binary options. They provide great support for the novice trader and excellent risk management system for the experienced one. They hold you from doing risky decisions by limiting your account to a maximum trade size of $1000.

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Background:

Citi Trader was founded is 2010 and is powered by one of the big three binary options software providers currently, Spotoption. (The other two are Techfinancials and Tradologic) according to their website, CitiTrader was founded by a group of veteran Wallstreet brokers who were eager to bring the world the gospel of online binary options trading in an easy and stress free environment.

Although their name may suggest otherwise, Cititrader is not affiliated with Citibank.
Their main office is in Sofia, Bulgaria and from there they offer free phone, chat and email support in 5 different languages as well as private webinars and 1 on 1 VIP sessions.

The platform:

As mentioned above, Cititrader.com is powered by Spotoption so you can expect good profitability ranges for some assets (upto 88%) and a buy back or sell out of the money options. The minimum first deposit was lowered in the past month and is now $250.

As in other spot option powered binary brokers you can trade with some of the best methods around as: Option builder, One touch platform, 60 seconds and CitiMETA.

Cititrader’s platform is easy to use and intuitive with a Reuters quotes feed as a reliable data source.

Pay attention to:

  • Minimum trade size is $5 which enables small trades for trial and error study for new options traders
  • Welcome bonus is set to an industry standard of 100% for your first deposit. Please read the terms and conditions of this or ask their support staff for clarifications and rules.
  • Cititrader does not currently have a mobile or tablet trading option other then using the regular website.
  • They are accepting US based customers and are pending a CYSEC license.

Conclusion:

Cititrader is a respected and trusted broker with good support and reliable trading software. They do offer some educational material but others offer more and better.  Since they accept minimum trades of $5 and maximum of $1000 for a more experienced trader Cititrader may not be the first choice but it also means it protects new and smaller traders better by setting those limits.

Cititrader Online binary broker review by INVESThing.net staff.
cititrader.com
Date Published: 12/15/2012
We have reviewed Cititrader.com according to several different criteria. You can read the review for free or compare Cititrader to other binary options brokers.
8.4 / 10 stars

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