Big bank FX is offering up something new, with Citibank (NYSE:C) introducing FX investing to an audience who might not think twice about currency risk. This population might now at least give investing/trading a second look with the proper advisory and education.
The account will be synchronized with the clients current deposit account with the help of their traditional banker. Thus, there is no need to properly introduce clients to a trading platform or explaining day, swing trading or technical analysis as the goal of this is most likely dealing with long term currency forecasts based on fundamental factors which is useful for international business, real estate investments, dual citizens and such. For now. we can only confirm Citi Hong Kong offering this service and not any other jurisdictions.
Citibank Foreign Currency Leveraged Investment can help investors increase their investment power by up to 5 times, enabling them to capture any upside potential on foreign exchange market movement. Please note that FX investments are subject to rate fluctuations, which may present both opportunities and risks, including the possible loss of the principal amount invested.
- Up to 5 times leverage of total deposit
- Up to 10 major currency choices for leveraged deposit (HKD, USD, AUD, CAD, CHF, GBP, NZD, JPY, EUR and SGD) and 9 currency choices for leveraged loans (HKD, USD, AUD, CAD, CHF, EUR, GBP, NZD and JPY)
- Flexible tenor from as short as overnight to as long as 12 months
To view the Citibank HK site which explains a bit more, click here.