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2026 Annual Reviewv2026.2

2026 · Evidence audit

Citi FX (Velocity) — institutional liquidity provider

Citi FX operates under Citigroup Inc., a Tier-1 bank since 1812. It is licensed by the FCA and SEC, confirming its regulatory compliance. Self-measured claims regarding market share may require independent verification.

Citigroup Inc. (FX via Citigroup Global Markets Limited, UK; Citigroup Global Markets Inc., US) · New York, USA · last re-checked 2026-09 · evidence score 98/100

01

Licence, read on the register

RegulatorLicence numberJurisdictionTierSource
FCA (Citigroup Global Markets Limited)124384UKtier-1open source ↗
SEC/FINRA (BrokerCheck, Citigroup Global Markets Inc.)8-8177UStier-1open source ↗
SEC (EDGAR, Citigroup Inc.)0000831001UStier-1open source ↗

Tier classification follows the same scale as the retail register: tier-1 = FCA/ASIC/CFTC-class supervision, tier-2 = CySEC/FSC-Mauritius/MFSA-class, tier-3 = offshore registration. A tier-2 licence is genuine supervision without an investor compensation scheme — never misread it as tier-1 protection.

02

What the firm commits to

Claims specific enough to be falsified — and the ones that remain the venue's own measurement.

A

Testable claims

  • Citi Velocity is an intuitive, efficient, end-to-end FX solution; clients gain visibility over user trading activity and can permission access across entities (citigroup.com/global/businesses/markets/fx)
  • Velocity 3.0 consolidated Citi's eFX platforms into one HTML-architecture solution (Business Wire release, 23 Feb 2023)
  • Citi was founded in 1812 as the City Bank of New York (citigroup.com heritage page)
B

Claims we cannot verify from outside

  • FX market-share / revenue-rank claims (self-measured, e.g. FX Markets' revenue tables)
03

Perimeter and coverage

Asset classesVenuesConnectivityClients acceptedExplicitly refused
FX spot, FX forwards, FX swaps, NDFs, FX options, Benchmark orders (fixings)EBS, Reuters, CME FX, CLSFIX, REST/API, Citi Velocity 3.0 platformBanks, Institutional investors, Asset managers, Hedge funds, CorporatesRetail clients

A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to diligence than one that doesn't. The refusal list is treated here as a disclosure, not a defect.