Forex City-Overview of Minimum Deposit, Spreads & Leverage

Forex City Information

Forex City is a Forex broker company registered in Iraq. The company provides a variety of trading instruments including Forex, Commodities, Indices and Cryptocurrencies to suit a wide range of trading preferences and strategies.

Pros and Cons

Is Forex City Legit?

You need to note that according to wikifxs investigation, Forex City is currently not regulated by any recognized financial authorities.

What Can I Trade on Forex City?

After opening an account with Forex City, you can trade several products including stocks, futures contracts, commodities such as Forex, Commodities, Indices and Cryptocurrencies, etc.

Account Type

Regarding the description of the account, there is no mention on the Forex City website.

Forex City Fees

Forex City charges spreads on all trades. Forex City charges trading commissions, which can be as low as $12 per standard lot, although there are no overnight fees.

Trading Platform

This Forex City trading platform uses MT5. MT5 offers all the advanced features offered by MT4 and adds 1000 stock (share) CFDs, making it the ideal multi-asset platform. Trade Forex, Stocks, Gold, Oil and Stock Indices from 1 platform with no rejections, no requotes and flexible leverage from 1:1 to 888:1.

Deposit And Withdrawal

Forex City offers a variety of deposit and withdrawal methods to meet customer needs. Here is a summary of the available methods, associated fees and minimum transaction amounts:

Deposit Options

Withdrawal Options