The Foreign Exchange Market, commonly referred to as Forex or FX, is an arena where the exchange of one currency for another currency takes place at an agreed price. It was created in the 1970’s when international trade transitioned from fixed to floating exchange rates, and is now considered to be the largest financial market in the world.
Over 85% of Forex trading is concentrated in the major currency pairs, which are
combinations of the EUR, USD, JPY, GBP, CHF, AUD, CAD. The FX market is the largest by size with
an average daily turnover of around $ 5.5 trillion.
CIX prides itself on the quality, speed and reliability of the execution that we offer to our clients. We are one of the best retail FX brokers where execution is concerned and the cutting-edge mechanisms and technology we have developed within our trading system has led us to collect awards for the standard of our Execution.
CIX Markets is a specialist FX and CFD broker in the retail FX market, offering clients the opportunity to trade the world’s most liquid markets through a broker who understands its client’s requirements.
CIX Trader is developed in-house by experts in FX trading and technology and delivers everything FX traders require. It is available as a mobile based or downloadable application. The system includes a Free News service, a Free Charting Package, Daily Market Briefings and Free Technical Analysis from Trading Central.
CIX Markets execution policy gives clients no re-quotes, complete price transparency and fixed spreads on the most liquid products with no dealing desk intervention. Our prices are calculated from the market price that our electronic trading system receives from the underlying Exchange or our Tier 1 bank liquidity providers. There is no dealer intervention on the prices you see or the prices your orders are filled at
The customer service our clients receive from CIX Markets is the most important part of what we offer. We do everything we can to make the service we give to be the best there is. We offer a comprehensive and professional service to our global client base with multilingual support specialists.
CIX Markets offers competitive spreads, financing and initial margins to our global client base in over 55 FX pairs and will increase this number to meet future client demand for certain currency pairs. We offer fixed spreads in the most liquid currency pairs and variable spreads in the less liquid pairs.
CIX Markets is a trading name of City Credit Capital UK Ltd, which is authorised and regulated by the FCA. This means clients can trust CIX Markets to treat them fairly, in an open and transparent way and that CIX Markets conducts its business to the high standards required by the FCA. All client money is held in a segregated account with HSBC. Client’s funds are protected by the FSCS up to a ceiling of £50,000.
As this is a rolling spot forex contract, for each night the position remains open you will be debited or credited an amount that reflects the difference between the interest received from holding the currency that is notionally being bought against the interest paid for borrowing the currency that is being notionally sold. An administration charge is then applied to the calculated interest rate.