Overview of CIT Investments
CIT Investments Limited, incorporated in 2017 in the UK, is an unregulated broker offering a broad spectrum of trading assets, such as real estate, gold, and various financial instruments including stocks, forex, and cryptocurrencies. The company provides an online trading platform and several account types, from the beginner-friendly Silver Plan to the comprehensive VIP Plan, with minimum deposits ranging from $100 to $20,000. While the broker promotes immediate customer assistance via online chat, they operate without regulatory oversight, do not offer phone support, and have limited educational resources for traders. Withdrawals and deposits are restricted to cryptocurrencies, with commissions charged across all account types, reflecting a focus on digital currency transactions and a potentially high-risk appetite for investors owing to undisclosed leverage and spread details.
Pros and Cons
CIT Investments offers a broad array of market instruments with opportunities in real estate and precious metals, and has a proactive role in the oil and gas sector. Their portfolio includes stocks, forex, binary options, and cryptocurrencies, with support via online live chat. The downsides are significant, including a lack of regulatory oversight, opaque leverage and spreads, and no phone support. Withdrawals are restricted to the cryptocurrencies initially deposited, and there are limited resources for beginner education, with commissions charged across all account types.
Is CIT Investments legit or a scam？
CIT Investments lacks regulatory oversight. This absence of regulation poses significant risks for traders, as regulatory bodies typically enforce standards for financial stability, security, and ethical trading.
Market Instruments
CIT Investments provides a varied portfolio of market instruments, segmented into distinct categories:
Real Estate: Their portfolio includes a mix of properties worldwide, focusing on residential, commercial, and hospitality sectors.
Gold: They emphasize growing their gold reserves, actively participating in the gold trading market.
Oil & Gas: Their stake in the energy sector concentrates on petroleum, as a result of its constant demand.
Stocks: Offering shares in a range of companies, they present a various selection of corporate investments.
Forex & Binary Options: Utilizing advanced BOT-assisted techniques, they trade in the forex market on well-known platforms like MetaTrader 4 & 5.
Cryptocurrency: Their involvement in digital currencies extends to both trading and mining, using sophisticated software and mining infrastructure for optimal results.
Account Types
CIT Investments offers four distinct trading accounts, each with unique features and deposit requirements:
Silver Plan: The entry-level account, requiring a minimum deposit of $100 and a maximum of $999. Offers a return of 5% after 48 hours with a 1% referral commission.
Gold Plan: A step up from the Silver Plan, this requires a minimum deposit of $1,000, going up to $4,999. It offers a return of 5% after 24 hours and includes a 1.5% referral commission.
Diamond Plan: Targeting more significant investments, the minimum deposit is $5,000, with a maximum of $19,999. Returns are set at 10% after 24 hours, and the plan includes a 3% referral commission.
VIP Plan: The highest tier account with CIT Investments. It requires a substantial minimum deposit of $20,000, which can go up to $250,000. The plan offers a 20% daily return for 20 days and includes a 5% referral commission.
How to Open an Account with CIT Investments
Opening an account with CIT Investments is a straightforward process. Initially, navigate to their official website and click on “Create Account.” This action leads to a registration form where you'll enter necessary personal details. Upon completing and submitting this form, your registration is finalized, marking the start of your trading journey with CIT Investments. The procedure is tailored for ease and efficiency, appealing to both experienced and novice traders.
Spreads & Commissions
CIT Investments' structure includes various account types, each offering distinct referral commission rates. These accounts include the Silver Plan with a 1% referral commission, Gold Plan at 1.5%, Diamond Plan at 3%, and the VIP Plan offering a 5% referral commission. These commissions pertain to referral activities rather than to trading spreads or commissions on forex or other market instruments.
Trading Platform
CIT Investments offers the MT4 Webtrader platform via their official website, specifically tailored for cryptocurrency trading. The platform emphasizes user-friendliness and efficiency, aligning with the needs of contemporary digital currency traders. This highlights the platform's straightforward approach to digital currency trading, focusing on accessibility and simplicity in a complex market.
Deposit & Withdrawal
CIT Investments supports a range of cryptocurrencies for financial transactions, like Bitcoin, Ethereum, Litecoin, Tron and USDT (both on the TRC20 network). The broker enforces a minimum withdrawal limit of $100, with withdrawals being processed swiftly, reflecting in the crypto wallet within minutes. An important aspect to consider is the restriction that withdrawals can only be made in the same cryptocurrency used for deposits, ensuring a streamlined transaction process but potentially limiting for some traders.
Customer Support
CIT Investments provides customer support primarily through email and an online live chat feature.
Email addresses: support@cit-investments.com and admin@cit-investments.com.
Physical address: 3rd Floor, 50 Jermyn Street, London, England SW1Y 6LX.
Conclusion
Established in 2017, CIT Investments Limited in the UK presents a broad array of trading options, including unique assets like real estate and precious metals. Its various market instruments and tiered account options are noteworthy. However, the firm's lack of regulatory oversight casts doubts on its financial security and trading ethics. While it offers online chat support, the absence of phone support and limited educational materials for traders are noticeable gaps. Its exclusive focus on cryptocurrency for transactions, coupled with opaque details about leverage and spreads, points to a potentially high-risk environment for investors, especially considering the commissions charged on all account types.
FAQs
Q: What trading options does CIT Investments offer？
A: They offer various assets like real estate, gold, and financial instruments.
Q: Is CIT Investments under regulatory supervision？
A: CIT Investments lacks regulatory oversight.
Q: What customer support services are available at CIT Investments？
A: They provide online chat but lack phone support.
Q: Are educational tools available for CIT Investments' traders？
A: The broker offers limited educational resources.
Q: How are transactions handled at CIT Investments？
A: They only accept cryptocurrency transactions.
Q: Is there clarity on CIT Investments' trading conditions？
A: Details on leverage, spreads, and commissions are not transparent.
Q: What's the risk level of trading with CIT Investments？
A: The absence of regulation and unclear trading conditions suggest a potentially high-risk investment environment.
Risk Warning
Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.
Additionally, the review's generation date is a critical consideration, as information may have evolved since then. Readers are strongly advised to verify updated details directly with the company before making any decisions, as the responsibility for utilizing the information herein rests solely with the reader.
2024-01-11 21:04
