City Credit Capital (CCC) is another Forex broker coming from the wonderful United Kingdom. The Forex industry is particularly popular in this country which is home to numerous broker companies letting them spread their wings beyond UK borders. Many companies who started out in Great Britain became international magnates by expanding to all other continents as well. The Forex market is especially fast-spreading since it works on the same or similar principles anywhere in the world and it does not lack interested parties. CCC is one of the big international Forex companies which enjoys global status. This CCC review will real all the details about this renowned broker. If you are looking to join the market as a participant, then you are in the right place. Read the following CCC review to see for yourself if this broker is something for you.
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Background Information
This broker was established in the wake of the online Forex market in 2001, which means that the broker has been through all the major market changes since online Forex took off. The broker is regulated by the only officially recognized regulatory authority in Great Britain, namely the FCA. All traders feel a bit safer when they hear that the broker is under the sharp eye of a reputable regulatory body. The FCA is one of these bodies whose main task is to protect clients from malversations, bad brokers, and poor market conditions. The FCA contributes to a healthy economy by implementing proper policies in the capital market. The CCC broker company has to fulfill many demanding obligations to be able to run their business. CCC offers currencies, precious metals, indices, equities, and commodities. The company expanded to Brazil, Chile, Hong Kong, and South America and attracted clients of all types all over the world.
The CCC Trading Platform(s)
The CCC is a company with 15 years of experience, and they used the time to develop their own trading platforms namely the Markets Trader and iMarkets Trader platform. We can see that this broker stands out from other brokers who in 99% of cases provide the Meta Trader 4 platform. The Markets Trader does not differentiate much from MT4 in functionality and navigation settings. The CCC Markets Trader is an intuitive platform with many features and technical analysis tools. It is available in desktop and browser versions. The CCC Markets Trader mobile app is also part of the package, and as a market leader, it is, of course, available for Ios NAD Android cell phones and tablets. For the truly passionate and committed mobile traders, they can also download the more mobile-oriented CCC iMarkets mobile app to your iPhone, iPad, and Android device. Both platforms offer fast and one-click execution and real-time news feed.
CCC Account Types
Besides the free demo account which is aimed at market beginners and serves as a practice platform in a simulated market, the CCC company offers two more accounts. These are the Mini and Standard account. It is somewhat unusual that a broker does not offer a VIP account for all those who have the needed cash for such an account. The Mini and Standard accounts do not differ much as both offer same order executions and benefits, whereas the former requires a lower deposit and has a lower minimum lot size. The Mini account can be opened with a minimum deposit of $500, and a minimum 10,000 lot size. The Standard account might not be called a VIP account, but its price is certainly VIP-ish with a $5,000 minimum deposit requirement and a minimum lot size of 100,000. The leverage for both accounts is 1:100. The recent trend of providing ECN services along running dealing desks, took the market by storm and many Forex companies seized the opportunity to offer both services simultaneously. The CCC do not offer ECN yet, but maybe they will one day. It is important to keep up with new trends in the Forex industry in order to stay competitive and relevant in the market.
CCC Bonus Opportunities
Unfortunately, this broker seems to follow the other, unpopular, trend in the industry; the no-bonus trend. There are no CCC bonus opportunities with this broker, neither any promotions. As a trader, you have to count only on trading with your own money since the broker will not fund your trades. Sometimes, the no-bonus policy is not that bad, if we consider some bonus policies where the bonus has to be spent before it can be withdrawn (sneaky hidden bonus requirements).
Deposits and Withdrawals
The CCC broker enables four payment methods at least; they are the four most popular payment methods. They accept bank transfer, credit cards, Skrill and Neteller. The broker makes sure that funds are safely transferred, and therefore account verification is required. The withdrawal processing takes up to 1 business day.
Customer Support
The customer support is very forthcoming and polite at CCC. The multilingual customer support is available around the clock and can be reached via e-mail, phone, and live chat. If you should have any questions you can contact the support for detailed explanations, but we would recommend first to read the FAQ on the CCC website which already provides many answers related to accounts, platforms, banking, etc.