City of London Markets

Based on the available data, City of London Markets exhibits a very high-risk profile. The entity holds a WikiFX score of 1.56 out of 10, which reflects an extremely poor assessment across crucial areas including regulation, risk control, and licensing. The most significant concern is its regulatory status, which is flagged as a 'Clone Firm,' meaning it falsely purports to hold a license from a legitimate authority. This complete absence of credible oversight indicates a severe lack of safety and reliability for traders' funds.

No. According to WikiFX data, City of London Markets is not a regulated broker. It is identified as a 'Clone Firm' of an FCA-licensed entity. It claims to hold a Forex Execution License (STP) from the UK's Financial Conduct Authority (FCA) under number 595844, but this claim is fraudulent. The firm holds no valid regulatory licenses whatsoever.

The specific minimum deposit requirement for City of London Markets is not currently publicly disclosed on its primary channels. This lack of transparency is common with entities of its nature. It is strongly advised to verify all terms directly with any broker before considering funding an account, especially in this case where significant risks have been identified.

WikiFX assessment indicates the broker scores moderately on its software index, suggesting it may offer industry-standard platforms. However, without confirmed, transparent information from the broker's official sources, it is not possible to definitively state whether MetaTrader 4 (MT4) or MetaTrader 5 (MT5) are supported. The overall high-risk profile of the firm warrants extreme caution regardless of the trading platform offered.