Q & A

What is forex? <

forex is mainly divided into static and dynamic. It is primarily the same as the definition of the currency itself: value scale and means of payment. It is the same for forex.
Dynamics: forex refers to a specialized business activity that converts the currency of one country into the currency of another country to settle the debts and bonds of international relations.
Static: forex refers to foreign currencies or payment methods expressed in foreign currencies that can be used for international settlement, such as bank deposits, commercial drafts, bank checks, foreign government bonds, and foreign banknotes.
Therefore, dynamic forex refers to an exchange behavior that has occurred or is taking place, while static forex refers to a payment method that can be settled, which can occur but has not yet occurred.

Is forex a fair market? <

Forex market refers to the place or network for forex trades.
The international forex market is a globally integrated market that operates 24 hours a day. The main participants are central banks, forex banks, brokers, clients, mainly for the purchase and sale between local currencies and foreign currencies, and among different currencies.
All forex rates are publicly quoted by the country’s national monetary institution, which is authoritative and transparent.
Simultaneously, according to the latest statistics of the Bank for International Settlements, the average daily trade volume of the international forex market is about 1.5 trillion US dollars. There are many participants and substantial trade volumes. It is difficult for individuals or institutions to control such a big product market trend. No matter how many individual investors participate in the forex market, their impact is minimal.
Therefore, the forex market is a recognized fair market.

Why choose Cityfxmarkets? <

Cityfxmarkets is an international forex broker with offices and service centers in the United Kingdom, Seychelles, China, and Malaysia, providing more than sixty financial derivatives such as forex, index, crude oil, and precious metals to global traders. It provides multi-lingual 24/7 retail and institutional services to many countries and regions such as Europe, Asia, Africa, and Australia. Based on the idea that trading starts with trust, it provides traders with capital security, extremely low spreads, an excellent and stable trading environment, and various activities support. It first sets up point mall in the industry, one trade, endless rewards,and pays tribute to the quality of life of traders.
Cityfxmarkets adopts a client-centric operating model and employs financial executives with years of experience in leading international investment banks, derivatives and hedge funds to provide clients with a stable trading environment, luxurious trading products, and the most competitive trading cost, as well as the safe and convenient capital experience and 24 hours uninterrupted client service.
It makes continuous development and innovation, provides safe, fast, and efficient trading services and customized solutions for global traders, and is committed to becoming the most trusted forex service provider for global traders.
Since its establishment in 2015, Cityfxmarkets has won many awards at home and abroad, such as "Most Potential Forex Broker", "Most Trusted Broker by Client", "Best Service Broker", "Most Trusted Platform by Investors", "Most Honest Forex Broker of the Year" and so on.

What certification materials do I need to provide to open an account on Cityfxmarkets? <

1. Identity certificate for opening an account: ID card (front and back)
2. Proof of personal address for opening an account: account book, driving license, utility bill, phone bill, bank statement, tax bill, telecommunications business bill.Proof of address: The public utility document with your name, address, and date of issue must be a bright color copy in the form of a scan or digital photo. The address certificate must be stamped, and the issuance's time must be within the past six months.
Personal mobile phone number for account opening: To ensure the security of your information and funds, please make sure that the mobile phone number for account opening is your real-name authentication mobile phone number in the telecom business office.
4. Bank card: Cityfxmarkets only supports bank cards under clients’real name for deposit and withdrawal when opening an account.

In addition to the passport, are other documents acceptable to open an account? <

Both the passport and the ID card can be used as proof of identity. When the passport is used as proof of identity, the ID card can be used as proof of address.

Why do I need to upload information for account opening? <

As a legally regulated company, all operations of Cityfxmarkets are performed under the regulations of our main regulatory authorities. Regulatory departments require us to collect client certification information, valid ID cards, and recent (within six months) address proof.

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Risk warning: Forex and CFD products have market risks, and leverage products may not be suitable for all clients. Please read our risk statement.