Overview of CIDT
CIDT is a Hong Kong-based company founded in 2001 and is unregulated. They offer a range of financial products and services, including spot gold, spot silver, HK Tae, and stocks.
CIDT provides trading options through popular platforms such as MT4 and MT5, and clients can practice trading with a demo account.
The only payment method accepted by the company is bank transfers, specifically through Public Bank (Hong Kong) and CITIC Bank.
For customer support, CIDT can be reached via email at stl@dtgold.hk or by phone at 4000-013-202.
Regulatory Status
CIDT is currently unregulated, meaning it does not hold a license from any official regulatory body to oversee its financial and trading practices.
This status may affect the degree of legal protection and recourse available to clients in the event of disputes or financial issues with the company.
Pros and Cons
Pros of CIDT International Bullion Limited
Diverse Trading Platforms: CIDT offers its clients the flexibility to trade via well-known platforms such as MT4 and MT5, accommodating both desktop and mobile users which enhances trading accessibility and convenience.
Wide Range of Products: The company provides a variety of trading options including spot gold, spot silver, and stocks, satisfyng different investment preferences and strategies.
Demo Account Availability: For new traders or those looking to test strategies, CIDT provides a demo account, allowing clients to practice trading without financial risk.
Long Established History: Founded in 2001, CIDT has a long-standing presence in the market, which may contribute to its experience and stability in the financial trading industry.
Cons of CIDT International Bullion Limited
Unregulated: The company is not regulated by any financial authority, which could pose significant risks to traders due to the lack of oversight and protection.
Limited Payment Options: CIDT accepts only bank transfers for payment, which may be inconvenient for clients who prefer other methods such as credit cards or electronic wallets.
No Mention of Educational Resources: There is no clear indication that CIDT provides educational materials or resources for traders, which can be a disadvantage for beginners needing guidance and learning.
Customer Support Limitations: While customer support is available, it is primarily through traditional means such as email and phone, potentially lacking 24/7 service or live chat options.
Products & Services
CIDT offers a range of financial products for trading, specifically focusing on:
Spot Gold: Spot gold trading involves buying and selling gold at current market prices, typically for immediate delivery. It is a popular investment choice for those looking to hedge against inflation, currency devaluation, or economic uncertainty. CIDT offers traders the opportunity to engage in the gold market, which is often seen as a safe-haven asset during times of financial instability.
Spot Silver: Similar to gold, spot silver trading allows investors to buy and sell silver at live market prices. Silver is used both as an investment product and an industrial metal, making its market dynamics complex and influenced by both economic factors and industrial demand. CIDT provides access to this versatile metal, offering a valuable option for diversifying investment portfolios.
HK Tae: This product appears to be a specialized financial instrument, likely related to the Hong Kong market. While specific details are not provided, it may involve trading in assets or derivatives specific to the Hong Kong financial market, offering investors a niche but potentially lucrative investment opportunity.
Stocks: Trading in stocks involves buying shares of publicly listed companies in the hope of earning returns through dividends or capital appreciation. CIDT allows traders to participate in the stock market, providing opportunities to invest in various companies and industries, which can enhance portfolio diversification and potential for financial growth.
Trading Platform
CIDT offers its trading services through two popular and widely used platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
MT4: MetaTrader 4 is renowned for its user-friendly interface, robust functionality, and flexibility. It's particularly favored for forex trading but also supports trading in other instruments like commodities and indices. MT4 features advanced charting tools, a variety of technical indicators, and automated trading capabilities through Expert Advisors (EAs). This platform suits both novice traders and experienced professionals.
MT5: MetaTrader 5 is the successor to MT4 and offers expanded capabilities including more instruments, timeframe options, graphical objects, and technical indicators. MT5 also supports trading in stocks and futures, making it a more versatile platform than its predecessor. It retains the user-friendly nature of MT4 while providing additional features such as a multi-threaded strategy tester, deeper analytical tools, and enhanced scripting tools for custom indicators and automation scripts.
Payment Methods
CIDT offers specific bank transfer options for depositing funds into its accounts, tailored for investing in precious metals. Customers can choose between two banking institutions:
Public Bank (Hong Kong): Clients can deposit into the account named “CIDT INTERNATIONAL BULLION LTD” using the following details:
Bank Account Number: 028-723-280238-031 (HKD)
SWIFT Code: CBHKHKHH
Bank Address: Public Bank Centre, 120 Des Voeux Road Central, Central, Hong Kong
Please note that CIDT does not accept cash deposits or overseas remittances for this account.
CITIC Bank: For this bank, the account is under “CIDT INTERNATIONAL BULLION LIMITED,” and clients can use the FPS (Faster Payment System) identifier for transactions:
FPS Identifier: 6482509
Customer Support
CIDT offers multiple channels for customer support to assist its clients.
Clients can reach out via phone with several contact numbers available: 4000-013-202, 4000-016-202, and 852-3748 8888, allowing for direct communication.
For email inquiries, customers can contact CIDT at stl@dtgold.hk. Additionally, there is a fax option available at 852-3916 3800 for those who need to send documents.
The company's headquarters are located at Unit 2306-12, 23/F, Cosco Tower, No. 183 Queens Road Central, Hong Kong, providing a physical location for more formal visits or postal communication.
Conclusion
CIDT, established in 2001 and based in Hong Kong, offers a range of trading services focusing on precious metals and stocks. The company operates through the MT4 and MT5 platforms and provides a demo account for new traders.
Despite being unregulated, CIDT maintains specific bank transfer methods for secure transactions and offers support through various communication channels. The focus on Mainland China and Hong Kong markets underscores its regional expertise and tailored services.
FAQs
Question: What trading platforms does CIDT offer？
Answer: CIDT provides its trading services via MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are available for both desktop and mobile devices.
Question: Can I open a demo account with CIDT？
Answer: Yes, CIDT offers a demo account option allowing new and experienced traders to practice trading strategies without financial risk.
Question: What types of products can I trade with CIDT？
Answer: CIDT allows trading in spot gold, spot silver, HK Tae, and stocks, meeting a variety of investment preferences.
Question: How can I contact CIDT customer support？
Answer: CIDT can be contacted via multiple phone numbers, email at stl@dtgold.hk, and fax. Their main office is located at Cosco Tower in Hong Kong for direct visits or postal communication.
Question: What are the payment methods available for depositing funds into CIDT？
Answer: CIDT accepts bank transfers to specific accounts held with Public Bank (Hong Kong) and CITIC Bank. The use of FPS Identifier is available for CITIC Bank, but they do not accept cash deposits or overseas remittances.
