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- Foreign Exchange (FX/Forex) Trading
Using Foreign Exchange (FX/Forex) Trading Services not only diversifies your portfolio risk, but also enables you to capture any upside opportunities by way of FX trading with currencies that include AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, RMB, SGD, THB and USD. In addition, you can enjoy an enhanced trading experience that is simpler and more convenient with our new Mobile FX Trading Platform. Be aware that FX trading is subject to rate fluctuations, which may present both opportunities and risks, including the possible loss of the principal amount invested.
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Promotional Offers: |
Genuine 0% spread1 with no profit margins for the Bank!
From now until January 31, 2025, enjoy the offers by using FX Trading Platform with Citi Mobile® App or Citibank Online:
Apart from the trading offers, you can also enjoy the 6 key features on our mobile platform:
Once you have logged on your Citi Mobile® App and browse the account summary of "Foreign Currency Deposits" or "Citibank Global Wallet", you can:
- tap "Buy Now" to buy your preferred foreign currency instantly
- tap "Buy at Target Rate" to set an order watch at your preferred rate
- tap "Alert at Target Rate" to set an alert for your preferred currency when the rate is met
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Buy Now |
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Buy At Target Rate |
Remarks: Only "Normal" Order is available on the "Foreign Currency Deposits" or "Citibank Global Wallet" Dashboard
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Alert At Target Rate |
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Seize the FX opportunities anytime, anywhere? Tailor your watchlist to keep a close eye on the movements of your favorite currencies with live streaming rates, and trade when the rates hit your preferred levels. |
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FX Order Watching Service Pre-set any criteria for us to monitor the market around the clock and conduct trading for you once the market rate has reached your desired rate |
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Want to learn more about FX Order Watching Service? Visit HERE for more details about FX Order Watching Service. |
*FX Order Watching Service Trading Hour:
| Order Placement/Modification/Deletion | Order Matching |
| Monday: 07:00 – 23:59 Tuesday to Friday: 00:00 – 03:00 & 07:00 – 23:59 Saturday: 00:00 – 03:00 |
Monday to Sunday: 00:00 – 23:59 |
**Minimum Trading Amount of 5,000 HKD equivalent
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Thomson Reuters Insights Get professional analysis on currency trends and forecasts from Thomson Reuters with FX Charts and Polls |
| FX Charts Interactive FX charts cover periods of up to 10 years and at intervals as frequent as 1 minute |
| FX Polls FX polls provide insight for customers to understand the market consensus |
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Online Loan Service under Treasury Plus Use online loan drawdown / repayment service under Treasury Plus* for FX spot trade to enhance the investment potential. You can long or short a foreign currency pair to hedge the position against the downside or upside risk. |
*Applicable to customer with Treasury Plus
How to draw/repay loan for FX spot order via MOBILE?
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Foreign Currency Banknote Order Service Order the Foreign Currency banknotes you desire for withdrawal after your trade. |
Select “Foreign Exchange” under “Wealth” section, then tap “Order Foreign Currency Banknotes”
Select branch for withdrawal at your convenience
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Foreign Currency Banknote Order Service Order the Foreign Currency banknotes you desire for withdrawal after your trade. |
Select “Order Foreign Currency Banknotes” under “Wealth” section
Select branch for withdrawal at your convenience
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Foreign Currency Banknote Order Service Order the Foreign Currency banknotes you desire for withdrawal after your trade. |
Select “Order Foreign Currency Banknotes” under “Wealth” section
Select branch for withdrawal at your convenience
Terms and ConditionsTerms and Conditions
Welcome Offer – Mobile and Online Foreign Exchange 0% Spread Offer (“FX Welcome Offer”)
- Unless otherwise specified, the Promotion Period is valid from July 1, 2024 to January 31, 2025, both dates inclusive (“Promotion Period”).
- The FX Welcome offer is only applicable to Citigold Private Client, Citigold, Citibanking and/or Citi Plus clients who do not hold any Citibank (Hong Kong) Limited and / or Citibank, N.A. (the “Bank”) banking account in the past 12 months (the “New Clients”).
- For joint accounts, the FX Welcome Offer will be given to the Primary Account Holder.
- New Clients who open banking account(s) within the Promotion Period are eligible to enjoy 0% Spread for the successful Foreign Exchange (“FX”) transactions via Citi Mobile® App or Citibank Online FX Trading Platform executed (the “Eligible Transaction”) within the first 3 calendar months from account opening (including the month of account opening) (“Eligible Offer Period”). E.g. A new to Citibank Client who opens account on July 28, 2024, hence, July 2024 will be the 1st calendar month. The Client will be eligible to enjoy 0% Spread for the Eligible Transactions until September 30, 2024 (the 3rd calendar month).
- Citi Mobile® App FX Trading Platform refers to:
- Citigold Private Client, Citigold, Citibanking clients:
- “Currency Exchange / Trading” of “Foreign Exchange” under “Wealth” module, or
- “Buy Now” or “Buy at Target Rate” functions from “Foreign Currencies” / “Citibank Global Wallet” under Account Summary Dashboard right after logging on
- Citi Plus clients:
- “Buy Now” or “Buy at Target Rate” functions from “Foreign Currencies” / “Citibank Global Wallet” under Account Summary Dashboard right after logging on
Citibank Online refers to:
- Citigold Private Client, Citigold, Citibanking, Citi Plus clients:
- “CURRENCY EXCHANGE / TRADING” under “Wealth” module > “Buy/Sell FX” > “Spot Trade” or “Order Watch”
- Citigold Private Client, Citigold, Citibanking clients:
- The exchange rate/pricing indicated in the Citi Mobile® App or Citibank Online for any particular currency pair generally includes any profit margin/spread of the Bank and customers will be charged the all-inclusive price for the Eligible Transactions. An amount equivalent to the spread for the Eligible Transaction(s) will be rebated to the New Client’s debit account (in that corresponding Sell Currency) within 3 months after the Eligible Offer Period (“Rebate”). If there is more than 1 eligible transaction for the debit account, the lump sum amount will be rebated to the corresponding account. For all currencies except Japanese Yen, the Rebate will be rounded off to 2 decimal places; for Japanese Yen, the Rebate will be rounded off to the nearest integer.
Rebate Examples:Any Date on Account Opening Month Enjoy the Offer until Rebate Period July 2024 September 30, 2024 On or before December 31, 2024 August 2024 October 31, 2024 On or before January 31, 2025 September 2024 November 30, 2024 On or before February 28, 2025 October 2024 December 31, 2024 On or before March 31, 2025 November 2024 January 31, 2025 On or before April 30, 2025 December 2024 February 28, 2025 On or before May 31, 2025 January 2025 March 31, 2025 On or before June 30, 2025 - Transactions that involve Gold Manager (paper gold trading), and/or executed through “Payments and Transfers” function are not regarded as Eligible Transaction.
- If the New Client is no longer a customer of the Bank or the debit account is closed at the time of the Rebate is made, the relevant Rebate shall be forfeited absolutely and shall not be paid to the New Client through any other means.
- The spread applicable to any transaction may differ from time to time, transaction to transaction and/or client to client and also depends on the market situation, the size and/or complexity of the transaction, or other commercial factors. Therefore, a standard amount or fixed rate of the spread prior to any transaction may not be ascertainable for the purposes of these Terms and Conditions.
- The FX Welcome Offer cannot be used in conjunction with other prevailing FX Promotion Offers (unless otherwise specified) and Time Deposit offers involving foreign exchange.
- The Program is not applicable to (a) U.S. Persons or (b) individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man, United Kingdom, Brazil, New Zealand, Jamaica, Ecuador and Sri Lanka. This welcome offer is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.
- If the Client is no longer a customer of the Bank or the debit account is closed at the time the fulfilment is made, the relevant rebate shall be forfeited absolutely and shall not be paid to the Client through any other means.
- The Bank reserves the right to suspend, amend and terminate the FX Welcome Offer, and change these Terms and Conditions from time to time without prior notice.
- In the event of disputes or any matters in connection with the FX Welcome Offer, the decision of the Bank shall be final and binding.
- If there is any inconsistency or conflict between English and Chinese versions of these Terms and Conditions, the English version shall prevail.
- These terms and conditions shall be governed in accordance with the laws of the Hong Kong SAR and the customers irrevocably submit to the non-exclusive jurisdiction of the competent court of the Hong Kong SAR.
Citibank, N.A., organized under the laws of U.S.A. with limited liability
Important Disclaimer:Important Disclaimer:
Important Disclaimer:
- The tenor of the Treasury Plus and the Premium Account are different. The Bank only offers overnight tenor for Treasury Plus. The interest rates for loan may vary daily without notice, customers' interest costs may therefore also vary. This may affect the net return on investments. Customers can inquire latest interest rate by calling the Bank's hotline or website.
- The loan interest of Treasury Plus will be debited to respective loan accounts on the last calendar day of each month. If the last calendar day is not a bank business day, interest will be debited on the first succeeding business day (includes interest incurred in-between).
- Customers' loan currencies in Treasury Plus can be different from investment currencies in Premium Account. In such a case for Treasury Plus, customer will be subject to more significant currency risk.
- Foreign exchange rate fluctuation of the collateral currencies may reduce collateral value and may induce margin call and/or forced sell.
- Unless after liquidation the outstanding position will not reach any margin call and forced sell level, customer-initiated liquidation of the pledged product will not be permitted if the liquidation proceeds are not for loan repayment.
- Investment products are not eligible for U.S. persons and might only be applicable to limited jurisdictions.
- The facility is subject to our annual review whereupon we will re-assess based on our annual review criteria (as determined by us from time to time) which may include, but are not limited to: your (a) credit history, (b) bankruptcy check, (c) net worth and (d) customer segment (Citigold or Citigold Private Client). You may be required to provide additional information or documentary proof upon request. We may renew the Facility (with the same of different Facility Limit and on the same or different terms) or terminate the Facility.
- The bank reserves the rights to liquidate any or all of the eligible deposit or collateral held with the bank and/or set off any credit balance in any of your accounts (or your joint accounts with other person(s)) against any outstanding balances and terminate Treasury Plus services.
Risk Disclosure:
Leverage Risk
The use of leverage means that relatively small price movements will have a multiplying effect on customers' corresponding gains or losses and the degree of investment risk customers face is greatly increased. Thus, the risk of loss in leveraged investments via Treasury Plus can be substantial. Customers may sustain losses in excess of their margin funds. 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.
Customers may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, their positions may be liquidated. In the event that the market deteriorates rapidly beyond the margin call level and reaches the forced sell level, the bank reserves the right to close out all or part of the outstanding positions without notice and without any margin calls. Customers will remain liable for any resulting deficit in their accounts. Customers may be engaged in leveraged investments in Premium Account and/or other foreign exchange currencies through pledging of deposits (including local and foreign currencies) and/or Premium Account. Minor market fluctuations (including but not limited to fluctuations in currency exchange rate) may multiply customers' losses and lead to substantial deficit. Customers may sustain losses in excess of their collaterals and have resulting deficits in their accounts.
Price Risk
Treasury Plus is highly speculative and risky and is subject to the risk of market fluctuation. The value of customers' holdings may be reduced as a result. Customers should have sufficient net worth to be able to assume the risks and bear the potential losses of leveraged investments.
Interest Rate Risk
Our Bank only offers overnight tenor for Treasury Plus. As the interest rates for Treasury Plus loan may vary during the period of investment, the interest costs may therefore also vary. This may affect the net investment return.
Liquidity Risk
Premium Account cannot be terminated before maturity. For customers who pledged Premium Account as collateral, any loan repayment or top up requirement before maturity will have to be covered by other pledged deposit and/or additional funds. If customers do not have sufficient pledged deposit and/or fail to bring in additional funds, the Bank has the discretion to terminate the Premium Account before its maturity date to repay the Treasury Plus loan outstanding. Such early termination may be made at a loss to customers and they will remain liable for any resulting deficit in their accounts.
Credit Risk
The approved line amount granted is dependent on the quantum of finance allowed for each margin deposits and/or Premium Accounts. The quantum of finance is subject to change by the Bank without notice.
Currency Risk
If the currency of the loan is different from the currency of the underlying investments and/or deposits, foreign exchange rate risk implications may affect the value of the loan, underlying investments, and/or deposits. Relatively small movements in the exchange rate will have a multiplying effect on customers' corresponding gain or loss and resulting in the possibility of margin call and forced sell.
Marked-to-market Losses
Customers' leveraged position is marked-to-market daily and they may be called upon at short notice to deposit additional funds to avoid a forced sell of their leveraged positions.
Margin Call
The margin call level is set at present margin level equal to or exceeds 100%, computed as the ratio of (a) the aggregate of the outstanding amount(including accrued interest) at any time under the revolving credit facilities or otherwise under this account to (b) the aggregate of (i) the value of the eligible deposits (including for this purpose, accrued interest and the value of the investments under Premium Accounts) maintained with the Bank under this account and (ii) the value of the deposits (including accrued interest) to be established or Placements to be made with the Bank from the proceeds of any part of such advances, multiplied by such percentage as may be prescribed by the Bank from time to time (presently, 83.33%) (the "loan-to-security" ratio). If margin call is triggered, customers need to top up the shortfall margin to below 100% within 2 business days. Positions may be liquidated at the discretion of the Bank if a margin call is not complied within the stipulated time period. The margin call level is also subject to change by the Bank without prior notice and the Bank has no obligation to notify customer of the aforesaid event, therefore it is customer's duty to monitor the same.
Force-sell
The forced sell level is set at present margin level equal to or exceeds 103.44%, computed the ratio of (a) the aggregate of the outstanding amount(including accrued interest) at any time under the revolving credit facilities or otherwise under this account to (b) the aggregate of (i) the value of the eligible deposits (including for this purpose, accrued interest and the value of the investments under Premium Accounts) maintained with the Bank under this account and (ii) the value of the deposits (including accrued interest) to be established or Placements to be made with the Bank from the proceeds of any part of such advances, multiplied by such percentage as may be prescribed by the Bank from time to time (presently, 83.33%) (the "loan-to-security" ratio). All or any part of customers' margin deposits and/or securities may be realized for settling all or any part of their outstanding without notice. In the event that the market deteriorates rapidly beyond the margin call level and reaches the forced sell level, the bank reserves the right to close out all outstanding positions without notice and without any margin calls. The forced sell level is also subject to change by the Bank without prior notice.
Loan Interests
Treasury Plus is a revolving loan where interest is accrued daily. All the interest charged and other sum payable will be due and payable at any time forthwith on demand by the Bank.
Customers should seek independent advice before making a commitment to apply for Treasury Plus. In the event that customers choose not to seek independent advice, they should carefully consider whether such leveraged investment account is suitable in the light of their own investment objectives, financial position and risk profile.
Important Information:
- The investment decision is yours but you should not invest in the Treasury Plus unless the intermediary who sells it to you has explained that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.
- Treasury Plus involves leveraged investment and is subject to a number of risks.
- Leveraged investments carry a high degree of risk in which a relatively small market movement will have a proportionately larger impact on the funds you have invested or will have to invest. An investor may sustain a total loss of initial margin funds and any additional funds deposited to maintain his/her position. If the market moves against his/her position or margin requirements are increased, an investor may be called upon to pay substantial additional funds at short notice to maintain his/her position.
- Premium Account is not a bank deposit and involves risks including the possible loss of the principal amount invested. Please refer to relevant brochures for the details and risks involved for Premium Account.
- Investors should not rely on this document/content of this leaflet alone to make investment decisions. They should also read other relevant documents for details including the risk factors. If you have any enquiries, please seek independent professional advice prior to subscription.
- Past performance is not indicative of future performance.
- Investor's investments are subject to the insolvency and credit risk of Citibank (Hong Kong) Limited and/ or Citibank, N.A. (the "Bank"). There is no assurance of protection against a default by the Bank in respect of payment obligation. In case of insolvency of the Bank, you may lose your entire investment irrespective of the performance of the foreign currency market, the terms of the Premium Account and Treasury Plus.
- This material is issued by Citibank (Hong Kong) Limited and/ or Citibank, N.A., a licensed bank regulated by the Hong Kong Monetary Authority