FOREIGN EXCHANGE (FX) TRADING SERVICES

Catch the FX Market with up to US$688 Cash Rebates*.

Trading Forex with Citibank eFX Trading

The Foreign Exchange (FX) market is the world's largest financial market and it operates 24 hours a day, five days a week. You can now tap into FX market opportunities using our Citibank eFX Trading services via Citi Mobile® App or Citibank Online.

Through a suite of personalized, real-time and automated features, our Citibank eFX Trading platform aims to provide you with services that are tailored to your foreign currency trading needs.

Benefits of Citibank eFX Trading
Mobile App for Foreign Exchange Trading
Accessible
Accessible
Ease of access to the FX market anytime and anywhere on your mobile or desktop
You can start trading FX immediately with no additional sign ups
Flexible
Flexible
Trade up to 10 currency choices (AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD)
You do not need an existing account in the foreign currency you are trading as a pre-requisite
Easy to Use
Easy to Use
Get live-streaming FX rates
Stay up-to-date with real-time alerts
Instant execution through Market Orders or let the system watch and execute for you by placing Order Watch (Limit Order and Stop-Limit Orders) for up to 30 days

Trade Now & Receive Cash Rebates* of Up to US$688

From June 19 2017 to October 31 2017, every eFX Trade with a minimum transaction volume of US$25,000 (or equivalent) that you make will enjoy cash rebates*. Catch this great opportunity now!

*Terms and conditions apply.

FX trading at your fingertips. Now available on Citi Mobile® App and Citibank Online.

3 easy steps

Simple Steps to Get You Started

Citibank eFX Trading service lets you quickly and easily access the FX market and manage your trades on the go through Citi Mobile® App or Citibank Online.

Sign on to Citi Mobile® App or Citibank Online with your User ID & Password to access the Citibank eFX Trading service.

Log in

Enter your User ID and Password on your Citi Mobile App or Citibank Online. Go to "FX Trading" in the top menu.

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View

View live-streaming FX rates of your favorite and recently-transacted currencies, all in one page.

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Trade

Enter the trade details and instantly secure the rate (60 seconds lock-in on the rate).

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Step-by-Step Guide

View the step-by-step eFX Trading Service Guide for Citi Mobile® App and Citibank Online.

Trade Instantly at Market Price

Instant FX trading

Act instantly when the pricing hits your desired level

Trade Now

Auto-Executed Orders

Order Watch: Limit Orders and Stop-Limit Orders

Order Watch allows you to place an order in advance, knowing that the trade will only be completed if rates hit the level you desire, within your preferred timeframe (up to 30 calendar days)

Trade Now

Order & Price Alerts

Timely, customized order alerts and price notification

Keeps you informed instantly of price movements and executed orders with different alerts including Rate Alert, Trade Confirmation, Order Watch Execution and Order Watch Expiry Alert.

Create FX Rate Alert

Transaction History

Keep track of your FX trades

Track and review all your transactions easily, wherever you are

FX Trading

FAQ

Click on    to expand and on    to minimise the details.

General

Citibank customers with existing Checking or Savings Accounts will be able to access Citibank eFX through the Citi Mobile® App or Citibank Online.

Tradable Currencies

USD United States Dollar
EUR Euro
JPY Japanese Dollar
GBP British Pound
SGD Singapore Dollar
HKD Hong Kong Dollar
AUD Australian Dollar
NZD New Zealand Dollar
CAD Canadian Dollar
CHF Swiss Franc

Orders

A Market Order allows you to place a buy or sell order at the current market price. Settlement is immediate, and funds will be debited from and credited to your respective accounts immediately.

An Order Watch allows you to place an order in advance, knowing that the trade will only be completed if rates hit the level you desire, within your preferred timeframe (up to 30 calendar days).

Limit Order – To buy below or sell above the current rate. Limit orders attempt to get a better rate than the current one.

Stop-Limit Order – To buy above or sell below the current rate. Such orders are employed to take advantage of upswings and to minimize loss during downswings.

You can set the expiry period to be 24 hours, a week or up to a selected date (within a maximum of 30 calendar days).

All orders will expire at 9.00am on the expiry date set (Singapore time).

The order will lapse and you will need to submit a new order if you wish to continue.

Market Orders

Minimum USD10
Maximum USD250,000

Order Watch

Minimum USD25,000
Maximum USD250,000

Settlement

Settlement is immediate upon Trade Confirmation.

Settlement occurs immediately upon successful execution of an Order Watch. Order Watches will be executed when the prevailing market price reaches the specified price set.

Accounts

Checking Accounts, Savings Accounts and Overnight Deposit Accounts can be used for Market Orders.

Only Overnight Deposits Account can be used for FX Order Watch.

Click here to apply for a Citibank Checking/Savings Account..

An Overnight Deposit Account are holding accounts that store any currencies that you trade. As they are holding accounts, they cannot be used as a source of withdrawals or external transfers.

Not directly. To make a withdrawal from the Overnight Deposit account, you will need to transfer the intended amount to a Current or Savings Account in that currency for withdrawal.

There are no fees to open or maintain the Overnight Deposit Account.

Yes. Overnight Deposit Accounts can be used as the source of funds/debit account for Citibank eFX.

  • Your first trade is free with Citibank Brokerage.
  • Citi mobile® the way to bank

Disclaimers

The above examples and screenshots are hypothetical and provided for illustrative purpose only. The scenarios are not based on the past performances of foreign currencies. Citibank is not making any prediction of future movements in foreign currencies by virtue of providing the illustrative examples. It does not represent all possible outcomes or describe all possible factors that may affect the payout of a transaction in Citibank eFX.

Any customers using Citibank eFX acknowledge and accept that all transactions they make are made solely upon their judgment and at their discretion and own risk. Nothing in Citibank’s brochures, investment reports and/or any of Citibank’s material supplied to the customer, nor any customer investment profiling conducted for the customer, shall be construed as Citibank’s investment advice as regards the relative attractiveness of one investment option over another. Investors investing in investment and/or treasury products denominated in non-local currency should be aware of the risks of exchange rate fluctuations that may cause a loss of principal when foreign currency is converted back to the investors' home currency. Foreign currency trading is subject to rate fluctuations, which may provide both opportunities and risks. Customers who have any questions about their legal or tax positions as a result of opening an account with Citibank or effecting any transaction on an account with Citibank should engage an independent legal or tax adviser as they consider appropriate.

Exchange controls may apply from time to time to certain foreign currencies. Placing contingent orders, such as “stop loss” or “stop limit” orders, will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders.

Citibank's full disclaimers, terms and conditions apply to individual products and banking services. This communication does not constitute the distribution of any information or the making of any offer of solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such document or to make any offer or solicitation.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Citibank full disclaimers, terms and conditions apply to individual products and banking services.