About CITY FOREX
Profile Overview
CITY FOREX is a UK-based entity operating through the domain cityforex.co.uk. According to official records, the company was registered in the United Kingdom on 30 October 2020. However, the broker itself claims a longer history, stating it has been in operation since 2005.
CITY FOREX positions itself as a provider of international payment solutions and travel money services, rather than a leveraged forex or CFD broker. It states that it became part of the Equals Group in 2018, a publicly listed fintech firm specialising in cross-border payments.
Regulation and Licensing
As of the latest available information, CITY FOREX does not hold any regulatory licence from a financial authority. Our records show no regulators on file for this entity. This absence of oversight is a significant factor for any individual or business considering using its services.
Without regulation from a credible body such as the UK Financial Conduct Authority, clients lack the standard protections such as access to the Financial Ombudsman Service or the Financial Services Compensation Scheme. The broker's claim of being part of the Equals Group does not automatically extend regulatory cover, as the group's entities may operate under their own licences.
Services and Offerings
Based on the broker's own description, CITY FOREX focuses on managing international payments and providing travel money. This suggests its core products are currency exchange and money transfer services, not speculative trading. The company emphasises 24/7 customer support as a key advantage for clients dealing with time-sensitive cross-border transactions.
No specific account types, trading platforms, or instruments are mentioned in the available information. The absence of typical retail forex broker features further supports the classification of CITY FOREX as a money transfer service rather than a trading platform.
Target Clientele
CITY FOREX appears to target both individuals and businesses that need to make international payments or obtain foreign currency for travel. Its association with the Equals Group may appeal to clients looking for a larger corporate backing.
However, the lack of regulatory authorisation may be a concern for institutional clients or those with large transaction volumes. Retail customers seeking travel money might find the service convenient, but should verify the company's legitimacy through independent sources.
Overview compiled by FXCanary from regulatory records and public data. full CITY FOREX review