FX and CFDs broker City Credit Capital (UK) Ltd. goes bankrupt and enters administration.
Abstract：On July 4, the FCA issued a statement saying that well-known forex and CFD broker City Credit Capital(UK) Ltd. (CCCUK)goes bankrupt and enters administration.
On July 4, the FCA issued a statement saying that well-known forex and CFD broker City Credit Capital(UK) Ltd. (CCCUK)goes bankrupt and enters administration. CCCUK was required to preserve its client money and place a notice on its website informing clients that it was no longer to provide service and that all clients positions would be closed. In line with regulatory requirements, CCCUK was obligated to preserve its clients' funds.
When we open the official website of CCCUK, we can see a notice was placed on the company's website, notifying clients that CCCUK could no longer engage in regulated activities and that all client positions would be closed. Affected clients must refer to the information provided on CCCUK's website for further details regarding these restrictions.
About City Credit Capital (UK)Ltd.
City Credit Capital(UK)Ltd. was authorized in 2004 and is a UK-registered online trading broker providing foreign exchange and CFD trading services to investors, financial institutions, banks, and brokers. This broker used to operate under the regulation of the Financial Conduct Authority (FCA). It requires high minimum deposits as high as $500, wide spreads, and salty trading fees charged. There are too many negative reviews about his broker.
Recently, WikiFX received plenty of complaints against this broker from investors. The problem this broker has that people complained about the most is withdrawal rejection. Due to its illegal operation, FCA has eventually taken action against CCCUK.
If you want more details about this broker, check the link below.
https://www.wikifx.com/en/dealer/0001145246.html
Assistance from the Joint Administrators
The Joint Administrators have assumed responsibility for managing claims against CCCUK and working towards the potential return of funds to customers. Affected customers can expect to receive comprehensive information from the Joint Administrators shortly, including instructions on how to file a claim.
Next Steps for Customers
If you were a customer of CCCUK, it is essential to stay informed and actively engage with the Joint Administrators throughout the claims process. Be on the lookout for updates from the Joint Administrators, as they will provide guidance on submitting claims and the necessary documentation. It is recommended that customers familiarize themselves with the claims procedure and adhere to any deadlines specified by the administrators.
Conclusion
The entry of City Credit Capital (UK) Ltd into administration has undoubtedly caused concern among its clients and the broader financial community. The appointment of Joint Administrators signifies a step towards managing the fallout and mitigating potential losses for affected customers. By closely following the instructions provided by the Joint Administrators, customers can maximize their chances of recouping their funds and navigating this challenging situation effectively.
Read more
Errante Review 2026: Users Claim a Poor Trading Experience. What Does Our Investigation Reveal?
Errante, a Seychelles-based brokerage entity, is facing serious trading allegations from users globally. Users claim to have earned profits legitimately using their strategies. However, on the Errante login dashboard, many users reported an automatic deduction of earned profits. At the same time, withdrawal issues allegedly haunt many traders here. While investigating, we also found complaints concerning trade order manipulations by the broker. In this Errante review, we have examined these allegations and given an overview of its regulatory status.
Monisha Chakraborty Appointed as RB Executive Director: What Does This Mean for India's FX Market?
The Reserve Bank of India has appointed Monisha Chakraborty as Executive Director with effect from 3 August 2026; she will oversee the Foreign Exchange Department and the Financial Markets Regulation Department. Chakraborty is a career central banker with over three decades of experience in Supervision, Foreign Exchange, and Government and Bank Accounts, and previously served as Banking Ombudsman. This report explains the significance of the new RBI Executive Director appointment for forex regulation India, the scope of the Foreign Exchange Department and the Financial Markets Regulation Department, and what authorised persons, banks, and forex market participants should monitor as the new ED takes charge.
Forex Liquidity Provider in 2026: How to Choose One Your Brokerage Can Actually Operate
A forex liquidity provider decision now shapes the broker's spreads, fills, slippage, hedging cost, regulatory exposure, and exit options long after the platform is chosen. This 2026 guide explains what a forex LP actually delivers versus what the marketing claim says, how tier-1 banks, prime of prime, and multi-LP aggregators differ in practice, and how execution models (DMA, ECN, STP) change the broker's daily operating reality. It also walks through due diligence on credit, technology, reporting, governance, and exit, and shows how a 2026 broker can combine a primary LP with secondary routing without losing control of the client experience. Use the decision matrix, integration timeline, and operational tests to compare an fx liquidity provider before contract signature, not after a market event.
Moneta Markets Receives UAE Category 5 Licence
Moneta Global Financial Services LLC has received a Category 5 licence from the UAE Capital Market Authority, establishing a regulated structure for the company’s activities in the country.
WikiFX Broker
Latest News
57 Booked in Pune Forex Scam Probe: The Fake Trading App Checklist Every Indian Investor Needs
WikiFXAccused of a RM123 Million Crypto Scam, He Fled to Malaysia and Claimed He Was Robbed
WikiFXAfrica's 10 Strongest Currencies in July 2026: Naira Absent
WikiFXU.S. and Japan Stand Ready for Further Coordinated Yen Intervention, Treasury Warns
WikiFXYen Retreats After Coordinated Intervention
WikiFXRinggit Flat Near RM4.09 After US Factory Data Surprise
WikiFXHF Market Review – A 1.76 Score, an Unverified CYSEC Licence, and a Frozen Account
WikiFXSri Lanka Rupee Slides 7.9% in H1 2026 as Bank Steps In
WikiFXMarket, Limit, and Stop Orders in Forex Explained Simply
WikiFXApple Faces Lawsuit Over Fake Crypto App Exposing $1.8 Million Theft
WikiFXRate Calc
