Citiglobalmarket

Citiglobalmarket is a company registered in the United Kingdom, with a founding date of 6 June 2022. Its official website is citiglobalmarket-inc.com. The firm presents itself as a financial services provider, though the precise nature of its offerings is not fully clear from the available records.

According to our records, Citiglobalmarket holds two regulatory licences: one from the Cyprus Securities and Exchange Commission (CYSEC) and one from the UK Financial Conduct Authority (FCA). The CYSEC licence is for Market Making (MM) activities, while the FCA licence is described as a Forex Execution License (STP). Both licences are listed in our files, though their current status is not specified.

The company is regulated by two major European authorities, which is a positive signal for potential clients. The CYSEC licence (number 319/17) covers Market Making, a common authorisation for forex and CFD brokers operating in the European Economic Area. The FCA licence (number 793714) is for Forex Execution, indicating that the firm is authorised to execute forex transactions in the UK.

However, we note that the licence numbers are provided verbatim from our records, and the status of these licences is not currently available. Traders should verify the current standing of these authorisations directly with the regulators, as regulatory status can change.

Citiglobalmarket was established in 2022, making it a relatively new entrant in the financial services industry. The company is registered in the United Kingdom, which is a well-regulated jurisdiction, but it also holds a licence in Cyprus, a common base for forex brokers serving the European market.

Our records indicate that the company has zero employees on file, which is unusual and may raise questions about its operational capacity. This could be a data gap or a sign of a small operation. We recommend that traders exercise caution and seek further information about the company's team and operational history.

Citiglobalmarket maintains a presence on several social media platforms, including Facebook, Instagram, Twitter/X, and YouTube. This suggests that the company is actively engaging with a public audience, which is typical for retail-facing financial firms.

However, we found no evidence of clone or impersonator sites, which is a positive sign. The absence of impersonators reduces the risk of phishing or fraudulent look-alikes, but it does not negate the need for thorough due diligence.

In FXCanary's assessment, Citiglobalmarket presents a guarded risk profile, with a Scam Risk Score of 42 out of 100. This score is based on the limited public information available about the company. While the regulatory licences are a positive factor, the lack of detailed operational information and the zero-employee record are points of concern.

We advise traders to approach Citiglobalmarket with caution, to verify its regulatory status independently, and to consider the limited public footprint when making any decisions. The absence of independent reviews or extensive web presence makes it difficult to assess the firm's reliability and service quality.