I've been trading with OANDA for several years but now I want to deploy more money in my strategy but kindof afraid to put a lot of money into OANDA since it's an independently run firm (planning to add in about $250K). I recently read about Citibank offering a retail product and I would feel safe putting that kind of $ into a Citi account (even more so than Interactive). Any user experiences would be apreciated.
Make sure it is actually Citibank, not some whitelabel like DbFX did with Fxcm. Notice the SAXO BANK fine print on the bottom of the "citiFX" website, I do not think I would feel warm and fuzzy with this scenario, without doing more research.
wow I just noticed the saxo logo. are they of ill repute? would the funds be held in custody at Citi? If that's the case, then I would imagine it's relatively safe i.e. if Citibank is guaranteeing my funds.
I don't think they have anything to do with citibank, just use the citi before fx i guess to sound better?