Thinking of getting into business with City Invest GP? Here is what you must know about this broker. Carefully read this review to find out if cityinvestgp.com is the trading platform you will want to trade with.
Table of Contents
About City Invest GP Broker
City Invest GP is an offshore brokerage company with a lot of promises for traders. The broker is located in Switzerland, Geneva under a trading name called Vitol Holding SARL.
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City Invest GP claims to give forex traders the confidence as the world’s leading social trading platform. It also claims to offer clear, fast and professional chart to identify opportunities.
The broker presents account types like Standard, Bronze, Silver, Gold and Platinum.
In spite the trading instruments City Invest GP claims to offer, traders must know they are dealing with an unknown broker whose regulation claim is false.
cityinvestgp.com: Reasons to Avoid This Broker
cityinvestgp.com is a platform with no financial authority overseeing its financial services. Its regulation claim is not legit as Swiss Financial Market Supervisory Authority FINMA does not recognize the brokerage company.
Another red flag we noticed on cityinvestgp.com is that there is no demo account for traders. If traders can’t test City Invest GP broker on a free account, how then can we know its viability in the forex market.
Since this broker does not offer money back guarantee, trading on any account type is clearly a risk. This is a big warning for forex traders to avoid losing money with this broker.
Withdrawal and Deposit
Withdrawal process
City Invest GP states a withdrawal fee of $25 for forex traders. The terms and conditions of the broker state the withdrawal requirement traders must meet before receiving their money. See below.
This is just a way to reap you of your money and also frustrate the withdrawal process.
Minimum Deposit
The minimum deposit of City Invest GP is indicated $250.
The payment method on cityinvestgp.com are Debit/Credit card and Bitcoin. You should not consider making any payment with this broker in the first place because it is a risk. So beware!
City Invest GP Platform
City Invest GP operates as a Web Trading platform. The refusal to make use of industry standard such as MT4 or MT5 that are widely accepted for trading is one of the reasons you should avoid this broker.
City Invest GP leverage can be increased form 1:100 to 1:1000 based on traders’ interests. It is advisable you don’t consider doing that. In fact, it is against the regulatory leverage set by FINMA.
In spite the attractive offers City Invest GP broker presents, we can’t find a free account for traders to test the platform before considering a deposit.
City Invest GP Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its licensed and regulation claims are false and must be avoided.
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Conclusion: Is cityinvestgp.com a Reliable Broker?
No, cityinvestgp.com is not a reliable broker for traders and because of that, you are advised to stay away from this broker.
The scam is on the wall for forex traders to avoid crossing path with City Invest GP because its claimed license and lack of transparency are red flags.
Therefore, we do not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
These people are scum! They have a financial advisor contact you to help you…talk the good talk of how much you can make in hrs/days and if you can just add $$$ more your return will be higher. Oh if you want to withdrawal alittle or the whole amount- they tell you you have to pay a % of taxes on the whole amount you have. Taking money from hard working people just trying to get ahead. There is always another fee to get to the next step of withdrawal. these people need to be shut down.
Hi, I have invested a lot of money with Cityinvestgp and cant get my money back from them. Is there anyway someone can help ???