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RoboForex Cyprus Signs Up Citibank as Liquidity Provider

RoboForex, the global Forex broker, has really stepped up the development of its Cyprus-based business RoboForex (CY) Ltd lately. Amid the most recent events around the newborn company is the addition of one more liquidity provider –  Citibank, the global leader in financial services for more than two centuries. 

 

You must have heard of Citibank – originally headquartered in New York, the United States, the brand of Citigroup now has tens of thousands of offices across the globe. And there's nothing surprising then that Roboforex has picked it for an LP, as clients of the broker now get access to a deeper pool of liquidity for a vast variety of trading instruments. 

 

Citibank joins a slowly growing group of liquidity providers for the Cypriot business of RoboForex: the brokerage first enlisted TopFX, a prime brokerage, as an LP in August 2013; then in September, Saxo Bank, the Danish company combining the functions of a broker and a bank, joined the group; and in November RoboForex signed up Sucden Financial amid its liquidity partners. 

 

A broker with more top-notch LPs is a score for a Forex trader, as this means access to a deeper liquidity pool, heated competition amid providers and, therefore, tighter spreads. Moreover, the business model of RoboForex Cyprus is such that all orders are directly sent to its liquidity providers without any intervention on behalf of the brokerage. 

 

The partnership with Citibank marks an important step in the establishment and growth of RoboForex Cyprus. It was only in December 2013 when the company started accepting its first clients and now it has significantly boosted its portfolio of services, products and partners. Moreover, last week the broker announced the opening of a representative office in London, thus entering one of the most competitive and challenging financial markets in the world.

 

 

About RoboForex (CY) Ltd 

 

RoboForex (CY) Ltd is an affiliate of RoboForex Group and is officially registered in the Republic of Cyprus, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), licence 191/13.The goal of the Company is to provide private and corporate clients with quality services on the international foreign exchange market. A crucial advantage of RoboForex is the top-tier Bridge functionality with fully-integrated Straight Through Processing (STP) technology – a perfect Non-Dealing Desk environment for order execution.

TAGS: roboforex  roboforex forex broker  roboforex cyprus  citibank  liquidity provider  roboforex cy ltd  roboforex lp  ndd  spreads  forex trading  cyprus forex broker 

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