Forex City-Overview of Minimum Deposit, Spreads & Leverage
Abstract： Forex City is a Forex broker company registered in Iraq. The company provides a variety of trading instruments including Forex, Commodities, Indices and Cryptocurrencies to suit a wide range of trading preferences and strategies.
| Forex City Review Summary in 11 Points | |
| Company name | Forex City |
| Founded | Not mentioned |
| Registered country/region | Iraq |
| Regulation | Unregulated |
| Trading Platforms | MT5 |
| Market Instruments | Forex, Currency pair, Commodities, Indices, Cryptocurrencies |
| Demo Account | Available |
| Minimum Deposit | Forex from 1.5 pips |
| Maximum Leverage | 1:400 |
| Spread | As low as 0.6 |
| Customer Support | Email:info@forexcitypro.com |
| Phone:+964 7505008583 | |
| 24/5 Live chat | |
| Instagram:https://instagram.com/forexcitypro?igshid=e26sw7chqzns | |
Forex City Information
Forex City is a Forex broker company registered in Iraq. The company provides a variety of trading instruments including Forex, Commodities, Indices and Cryptocurrencies to suit a wide range of trading preferences and strategies.
Pros and Cons
| Pros | Cons |
| One of the Best Forex brokers in Iraq | Services are available in restricted areas |
| Offer leverage ranging from 1:100 to 1:400 | |
| Provide a wide range of trading instruments | |
| Low Commission as $12 per 1 Standard Lot |
Is Forex City Legit?
You need to note that according to wikifxs investigation, Forex City is currently not regulated by any recognized financial authorities.
What Can I Trade on Forex City?
After opening an account with Forex City, you can trade several products including stocks, futures contracts, commodities such as Forex, Commodities, Indices and Cryptocurrencies, etc.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Currency pair | ✔ |
Account Type
Regarding the description of the account, there is no mention on the Forex City website.
Forex City Fees
Forex City charges spreads on all trades. Forex City charges trading commissions, which can be as low as $12 per standard lot, although there are no overnight fees.
Trading Platform
This Forex City trading platform uses MT5. MT5 offers all the advanced features offered by MT4 and adds 1000 stock (share) CFDs, making it the ideal multi-asset platform. Trade Forex, Stocks, Gold, Oil and Stock Indices from 1 platform with no rejections, no requotes and flexible leverage from 1:1 to 888:1.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | PC | Anyone |
Deposit And Withdrawal
Forex City offers a variety of deposit and withdrawal methods to meet customer needs. Here is a summary of the available methods, associated fees and minimum transaction amounts:
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Credit/Debit Cards | No requirement | 2% deposit fee | Instant |
| Bank Wire Transfer | No requirement | No handling fee | Instant |
| Skrill | No requirement | No handling fee | Instant |
| Neteller | No requirement | No handling fee | Instant |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Credit/Debit Cards | $250 | 3% deposit fee | Instant |
| Bank Wire Transfer | $250 | No handling fee | Instant |
| Skrill | $250 | No handling fee | Instant |
| Neteller | $250 | No handling fee | Instant |
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