City Credit Capital (UK) Ltd Review 2024
Regulation:
  • FCA

City Credit Capital (UK) Ltd Review 2024

Updated:
Updated: October 06, 2023

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Summary of City Credit Capital (UK) Ltd Trading Company

City Credit Capital (UK) Limited (CCCUK) went out of business due to bankruptcy. City Credit Capital (UK) transferred funds from professional investors to its Malaysian counterparty, CCC (Labun) Limited. The investment amounted to 7.7 million pounds. Subsequently, CCC (Labun) Limited was liquidated due to bankruptcy. Additional debt of CCC Labun amounted to another £3.1 million under a loan program arranged by the parent company. The total debt of City Credit Capital (UK) to professional investors was over £10 million. As a result of the bankruptcy, CCC (Labun) Limited cannot repay its debts to its parent company, City Credit Capital (UK), and professional investors. Due to contract breaches, the broker's investors suffered losses totaling over £10 million. The safety of the invested funds is at risk. Brands managed by City Credit Capital (UK) Limited - CIX Markets, Markets Trader. These companies have also been declared bankrupt.

User Satisfaction i

4 comments
Total score:
2 /10

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Antonot
1 year ago

I cannot and do not want to recommend City Credit Capital. I didn't like trading here. The trading platform is very dull, transactions may not be closed for a long time, which, of course, affects profit. Just amateurs. Here is my opinion.

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hollieqj11
1 year ago

I personally cannot withdraw money from these scammers. They lie all around, they have one goal, to rob you, anyone who puts money in.

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nikhileshmatiyani
3 years ago

City Credit Capital (UK) Ltd is a regular scam that interferes with the quotes! Bear in mind, if a company ignores customer calls for several days in a row and offers no feedback with reports and other useful stuff to an email, it's nothing but a flop.

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Juman
3 years ago

City Credit Capital (UK) Ltd blows customer deposit as soon as he manages to make some profit. Manager's advice brings benefit to the broker only. Not to mention these constant requotes... Yet the registration process is perfect, not to scare a client away, I guess. They're like 'or we're so cool and serious'. Numerous brokers are much better, there's no point in wasting your time and money here.

Trading Conditions for City Credit Capital (UK) Ltd Users

💻 Trading platform: MetaTrader 4, MarketTrader, Mobile, Web
📊 Accounts: Mini, Standard
💰 Account currency: USD
💵 Replenishment / Withdrawal: Credit/Debit Card, Skrill , Neteller
🚀 Minimum deposit: 500 USD
⚖️ Leverage: Variable
💼 PAMM-accounts: No
📈️ Min Order: 0,1
💱 Spread: From 1 p
🔧 Instruments: Forex, CFDs, Spot Metals
💹 Margin Call / Stop Out: 100/50%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile Platforms
➕ Affiliate program: Yes
📋 Orders execution: Market Execution
⭐ Trading features: No
🎁 Contests and bonuses: No

Contacts

Registration address 12th Floor, 110 Bishopsgate, London, EC2N 4AY , United Kingdom .
Regulation
Official site
Contacts

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
City Credit Capital (UK) Ltd Review City Credit Capital (UK) Ltd Review

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FAQs

Why has City Credit Capital (UK) Ltd been placed on the Forex Broker Blacklist?

Possible reasons:
• multiple complaints have been filed against City Credit Capital (UK) Ltd by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of City Credit Capital (UK) Ltd is down, not updated or operates with clear errors and some features are not available;
• City Credit Capital (UK) Ltd has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.

What should I do if City Credit Capital (UK) Ltd got blacklisted and I still have money in my account?

Don’t panic right away. First, try to find out the reason why City Credit Capital (UK) Ltd got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.

What should I do if I cannot withdraw my money from City Credit Capital (UK) Ltd?

If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.

Is there any chance to recover my money if City Credit Capital (UK) Ltd is a scam?

On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.

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