Worked example
Practising on City Credit Capital's numbers
This is an exercise sheet, not a review. We are going to take three things that City Credit Capital publishes — a spread, a ladder of account types and a list of licences — and turn each of them into something you can do arithmetic with. By the end you should be able to repeat the whole exercise on any firm you come across, which is the actual skill being taught.
The figures we are working from
Nothing below is our estimate. Where a firm has not published something, or we could not read it on a source we trust, the box says so instead of guessing — a habit worth copying when you build your own broker notes.
Exercise one — turn the spread into money
City Credit Capital does not publish a EUR/USD spread we were able to verify, so there is no honest arithmetic to do on this page. Do not substitute a number you read on a comparison site: an unverified spread quietly becomes an unverified cost, and then an unverified plan. Use one of the other examples on the practice index for this exercise and come back to this file for the account ladder below.
Exercise two — read the account ladder
Account tiers are a pricing structure dressed as a status ladder. City Credit Capital offers 0 rungs. Read them as a question — what does each rung ask of me, and what does it give back? — rather than as a set of prizes to climb towards.
Exercise three — what this licence list means for you
A long licence list is not automatically a good sign. What matters to a beginner is a narrower question: which entity would hold my money, and who supervises that entity? Those are often not the same as the impressive name at the top of the list. Here are City Credit Capital's lines, each with a plain reading.
| Regulator | Entity on the register | Number | What that means for a beginner |
|---|---|---|---|
| FCA · United Kingdom | City Credit Capital (UK) Ltd | 232015 | a top-tier regulator: compensation scheme, capital rules and a public register you can search yourself — no longer active |
No top-tier line appears on this file. That does not make the firm illegitimate, but it does mean the compensation-scheme and capital-rule protections a beginner usually assumes are present are not evidenced here.
The record behind these numbers
- The FCA states that on 20 June 2023 it placed restrictions on City Credit Capital (UK) Ltd's permissions to prevent the firm from carrying on any regulated activities, and that on 30 June 2023 Gary Paul Shankland and Jamie Taylor of Begbies Traynor (Central) LLP and Christopher Andersen of AABRS Limited were appointed joint administrators following an application by the directors.
- The FCA notes CCCUK (FRN 232015) provided CFDs for retail and professional clients and was first authorised by the FCA in 2004.
- Companies House records City Credit Capital (UK) Limited, company number 04343251, incorporated on 19 December 2001, company status 'Liquidation', registered office Langley House Park Road, East Finchley, London N2 8EY.
- The administration also covered the firm's CIX Markets brand; media reported the company traded as CIX Markets and Markets Trader.
What we could not verify
The following are unconfirmed and are deliberately left blank rather than estimated: minDeposit: not verified; maxLeverage: not verified; spreadEurusd: not verified; platforms: not verified; accountTypes: not verified; segregatedFunds / negativeBalanceProtection: client agreement not extracted; current FCA register status wording for FRN 232015 not re-verified (register is bot-blocked); 'restricted' reflects the FCA's 2023 restrictions story. Confidence in this file overall: high. When you build your own notes on a firm, keep a list like this one — the gaps are more useful than the figures, because they tell you what to go and check.
Run the same exercise on another firm
pipdojo.com does not rank brokers, does not award badges and does not tell you where to open an account. This page exists so the arithmetic you learn in the curriculum has real numbers to bite on.