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FxCitizen -

Score

1.56 /10
Danger

FxCitizen

Hong Kong

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://fxcitizen.com

Influence

C

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Score

Regulatory Index0.00

Business Index7.35

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
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1G

40G

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Regulatory disclosure

Danger

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2022-02-02
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Danger

NZ FMA
2013-12-01
FXCitizen (Universe Citizen Limited)
FxCitizen

Broker Information

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Company Name

Universe Citizen Limited

Company Abbreviation

FxCitizen

Platform registered country and region

Hong Kong

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2025-09-04
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

FxCitizen · Company summary
FxCitizen Review Summary
Founded2010
Registered Country/RegionHong Kong
RegulationNo regulation
Market InstrumentsForex, Commodities, Indices, Cryptocurrencies, CFDs
Demo Account✅
LeverageUp to 1:500
EUR/USD SpreadFrom 1.0 pips (Standard account)
Trading PlatformMetaTrader 5 (MT5), FxCitizen Trade (proprietary app)
Minimum Deposit$100
Customer SupportPhone (HK): +852 560 72372
Phone (Malaysia): +60 142 563 6528
Email (Business): marketing@fxcitizen.com
Email (Finance): finance@fxcitizen.com

FxCitizen Information

FxCitizen started in 2010 and is situated in Hong Kong. No financial authority keeps an eye on it. The broker lets you trade more than 100 different things, such as FX, commodities, indices, and cryptocurrencies. FxCitizen has its own platform as well as MT5, and it offers Islamic (swap-free) and sample accounts.

FxCitizen's homepage

Pros and Cons

ProsCons
Offers 100+ trading instrumentsNo regulation
Demo accountsMT4 is not supported
Provides MT5 and proprietary FxCitizen Trade platformLimited information about deposit and withdrawal

Is FxCitizen Legit?

FxCitizen is not a licensed broker. The Securities and Futures Commission (SFC) in Hong Kong does not have any records of FxCitizen being licensed or permitted, even though the company is registered there.

WHOIS indicates that fxcitizen.com was registered on November 29, 2010, is still alive, and is safe from alterations that aren't allowed. FxCitizen does not have any governmental control, which is a big danger for investors.

What Can I Trade on FxCitizen?

FxCitizen has more than 100 trading tools in a variety of asset classes. Contracts for Difference (CFDs) let traders trade major and minor FX pairs, precious metals like gold and silver, global stock indices like the S&P 500 and NASDAQ 100, and cryptocurrencies like Bitcoin and Ethereum.

Tradable Instruments Supported
Forex✔
CFDs✔
Commodities✔
Indices✔
Cryptos✔
Stocks❌
Bonds❌
Options❌
ETFs❌

Account Type

FxCitizen has three kinds of live trading accounts: Standard, Professional, and Subsidized. With leverage up to 1:500, each account can trade the same kinds of instruments, such as FX, metals, cryptocurrencies, energy, stocks, and indices. All accounts allow trading without swaps (Islamic), and there is also a demo account for practice.

Account TypeStandard AccountProfessional AccountSubsidized Account
Minimum Deposit$100$3,000$10,000
LeverageUp to 1:500
SpreadFrom 1.0 pipsFrom 0.5 pipsFrom 0.0 pips
Commission❌❌Average $10 per lot (one-way)
Min Lot Size0.01
Max Lot Size20
Max Position Size40
Hedging Margin0%
Margin Call30%
Stop Out0%
Execution TypeInstant (non-crypto), Market (crypto)Market Execution
Swap-Free Option✔
Account comparison

Leverage

FxCitizen offers maximum leverage of up to 1:500 across all account types. This high leverage lets traders open big positions with a modest deposit, which could increase their winnings. But more leverage also makes the risk much larger.

FxCitizen Fees

FxCitizen's trading fees are lower than most other companies' fees, especially for new accounts. There are no commissions on Standard and Professional accounts, and the spreads start at 1.0 and 0.5 pips, respectively. The Subsidized Account has raw spreads starting at 0.0 pips and a cost of about $10 per lot one way, which is normal for ECN-style accounts.

Trading Fees

Account TypeSpread (EUR/USD)Commission
StandardFrom 1.0 pips❌
ProfessionalFrom 0.5 pips❌
SubsidizedFrom 0.0 pipsAverage $10 per lot (one-way)

Swap Rates

FxCitizen only lets registered members trade most main instruments without paying interest overnight (swap-free). For others, standard swaps apply (e.g., USD/JPY shows long: +4.165, short: -24.761).

Non-trading Fees

Non-trading Fees Detail
Deposit Fee ❌
Withdrawal Fee ❌
Inactivity Fee Not mentioned

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for What Kind of Traders
MetaTrader 5 (MT5)✔iOS, Android, Mobile/TabletExperienced traders
FxCitizen Trade (In-house app)✔iOS, Android/
MetaTrader 4 (MT4)❌/Beginners
Trading Platform

Deposit and Withdrawal

FxCitizen does not charge deposit or withdrawal fees. The minimum deposit is $100 for the Standard Account. Independent wallet addresses ensure 99% of withdrawals are completed within 15 minutes.

Deposit and Withdrawal

News

NewsFXCitizen Forex Broker Review

FxCitizen is a Forex broker that works on the White Label platform, which makes it slightly different from the concept of conventional brokerage services. A white label company is simply an entity that sells another company’s product or services as an affiliate to make profits, either by using a profit sharing model or by earning a hefty commission. There are numerous white label Forex brokers in the industry, and FxCitizen is one of the largest among them.

WikiFX
2021-12-16 23:07
FXCitizen Forex Broker Review
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蚂蚁
more than one year
I tried to trade on a demo account for the first 3 months and everything turned out perfectly. From then on, I have been trading with this broker for two years and I am quite satisfied with it.
I tried to trade on a demo account for the first 3 months and everything turned out perfectly. From then on, I have been trading with this broker for two years and I am quite satisfied with it.
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2023-02-28 12:28
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Melvin Kwang
more than one year
He sido estafado por brokers similares una vez. ¡Ofrecen todo tipo de condiciones atractivas y me hacen pensar que son simplemente el mejor broker del mundo! ¡Pero resulta que estas condiciones son solo un cebo para estafar a los traders con su dinero! No confíe en ninguna empresa que no tenga una licencia reglamentaria. Las palabras "somos seguros" no tienen ningún propósito práctico.
He sido estafado por brokers similares una vez. ¡Ofrecen todo tipo de condiciones atractivas y me hacen pensar que son simplemente el mejor broker del mundo! ¡Pero resulta que estas condiciones son solo un cebo para estafar a los traders con su dinero! No confíe en ninguna empresa que no tenga una licencia reglamentaria. Las palabras "somos seguros" no tienen ningún propósito práctico.
Translate to English
2022-12-05 16:34
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