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No Regulation
Score
1.53 /10
Danger
citiworks
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.14
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| citiworks Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Germany |
| Regulation | No regulation |
| Services | Energy trading and services, energy industry processes |
| Customer Support | Email: info@citiworks.de |
| Address: Frankfurter Straße 110, 64293 Darmstadt | |
| Tel: 06151 / 701-3000 | |
| Fax: 06151 / 701-3099 | |
citiworks Information
citiworks AG is an unregulated energy trading and energy services company who was established in 2019 in Germany. It presents itself as a specialist for the efficient handling of complex energy industry processes.
Pros and Cons
| Pros | Cons |
| Focus on the energy market | No regulation |
| Multiple contact channels | Limited info on trading conditions |
Is citiworks Legit?
The company operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.
Services
citiworks specializes in energy trading and services, offering a comprehensive suite of solutions for electricity and gas markets.
Their services include automated short-term trading to streamline operations and reduce costs, portfolio management that provides structured analysis and implementation, and balancing group management for effective logistics. Additionally, they facilitate market access for energy suppliers and manage direct marketing for EEG plants.
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