CIX Markets Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of CIX Markets trading signals. You will learn what kinds of trading signals CIX Markets offers and what the conditions for using them are.
Short introduction of CIX Markets
CIX Markets ceased operations due to the bankruptcy of its parent company, City Credit Capital (UK). City Credit Capital (UK) transferred cash from professional investors to its Malaysian counterparty, CCC (Labun) Limited, for £7.7 million. Subsequently, CCC (Labun) Limited filed for bankruptcy and was liquidated. CCC Labun's loan debt to City Credit Capital (UK) parent company was another £3.1 million. City Credit Capital (UK) and its sub-brands owe more than £10m to professional investors. As a result of bankruptcy, the company cannot repay its debts to 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.
| 💰 Account currency: | USD, EUR, GBP |
| 🚀 Minimum deposit: | 500 EUR |
| ⚖️ Leverage: | 1:30 |
| 💱 Spread: | from 1 p |
| 🔧 Instruments: | Forex, CFDs |
| 💹 Margin Call / Stop Out: | 50/25% |
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that CIX Markets does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can I lose money by trading signals?
Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.