Citi Crypto-currency Trading
Investors who are looking to trade popular cryptocurrencies, such as BAT, Bitcoin, Bitcoin Cash,
Cardano, Dogecoin, Ethereum, Litecoin, Shiba Inu, NEO, Ripple, Stellar, cannot do it on
Citi. The broker simply does not offer them. For Ethereum, Bitcoin, Bitcoin Cash, Litecoin, Dash, Zcash, Stellar,
Dogecoin, and many more coins trading, investors can use a
$0-fee Webull.
Webull Promotion
Open WeBull Account
Citibank Brokerage Tools
In 2008, Citibank announced the launch of the Enhanced Online Securities Trading Platform that allows customers access to a comprehensive suite of trading information through Citibank’s online trading platform called Citi Brokerage.
Here is a breakdown of the “Tools” that Citi Brokerage offers.
NetXInvestor™ is a mobile app that is specific to Citi Brokerage and not for access to other Citi products such as their credit cards. Most will start with the app, and although there is some crossover as far as data provided, it is not nearly as thorough as Citi’s online trading platform where you will find the following.
Market News is where customers can read real-time financial and company news.
Reference Charts allows customers enhanced charting tools where you can set up indicators such as RSI and MACD and switch between line and candlestick charting.
Robo Advisor, called Citi Wealth Builder, is available to Citi Priority and Citigold customers and will invest your money into one of six pre-made portfolios comprised of ETFs. The portfolio is made up of responses to a questionnaire that the user took, so it brings some artificial intelligence (AI) to your investments if you want to take more of the hands-off approach.
Stocks Finder allows customers to search for stocks by using up to five criteria including, industry, trading volume, P/E ratio, and Earnings Per Share (EPS).
Alert Service allows customers to receive alerts via SMS or email on stock prices, highest and lowest over 52 weeks, technical analysis, and more.
Block Trades Record, also referred to as Times and Sales by other brokerages, gives you access to records of recent high volume or high turnover trading.
Streaming Quote Service gives specific stock information including real-time stock quotes, latest transaction records, and broker queues with bids and asks pricing (also referred to as Level II), as well as market move alerts. This service also provides a “streaming quote watch list” that gives costumes a pre-set watchlist of 20 stocks, showing real-time data.
Margin is available and their rates are dependent on your total assets with Citi Brokerage. The most expensive tier is assets below $10,000 and the best rates are when your assets are above $5 million. As a day trader, you can get 4 to 1 leverage while overnight is 2 to 1 leverage. Rates change as market rates change.
Citi Priority is an upgraded membership level and combines many membership benefits of your investments, mortgage rates, and even your Citi credit cards. You must have at least $50,000 in assets with Citibank to be eligible. Some of the benefits of Citi Priority are discounted stock trades, discounted pricing on mortgage rates, free check and money orders, discount on personal loans, and increased “ThankYou” points beyond what you already earn on Citi credit cards.
Customer service hours are from 8 am until 10 PM EST, Monday through Friday, and 9 AM until 7 PM EST on Saturdays. You will not find any live chat feature on their website and there are many complaints about the lack of knowledge by their support when it comes to investment accounts.
Citi Brokerage Tools Recap
Overall, there is a reason why Citi Brokerage is not more popular, at a time when the stock market
is experiencing the most volume ever. Their fees are high, their app and desktop do not deliver
the same number of features as other less expensive online brokerages offer, and their support is
not easily accessible, or as knowledgeable, as other brokerages.
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