City Index Verified Reviews from Actual Traders

City Index Verified Reviews from Actual Traders

Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. MT4 Account – Dedicated to the MetaTrader MT4 platform this account supports trading in 100 of the biggest global markets using algorithm-based automated trading. There are more than 20 global indices to trade including the ASX 200 and the big US benchmarks. Commodity CFD spreads are also in line with the multi-asset broker peer group and City Index spreads on oil trading start at 0.4pts, with spot gold spreads being as low as 0.3pts.

• If you want a Wire Transfer, the broker will ask you for a bank statement for the last six months.
• Read through this review to determine whether City Index is the best broker for you.
• They have a huge selection of markets for you to trade on leading trading platforms for all of your devices.
• While City Index has several accounts on offer, they are limited compared to some other brokers.
• 70% of retail investor accounts lose money when trading CFDs with this provider.
• Most City Index reviews state that while most users are satisfied with the accounts offered, they wish there was more choice.

Popular Forex Broker Reviews

I would say City Index is more suitable for anyone outside the USA who wants to trade or invest in instruments other than forex. On the other hand, Forex.com is one of the few options for forex traders in the USA. City Index is a trading platform that has been operating for 38 years, has a global presence supported by its listed parent company, and is overseen by top financial regulatory bodies. It is considered a safe and reliable option for traders and investors. Fixed spreads might be offered on certain instruments and in certain trading periods.

City Index welcomes traders from all backgrounds with different trading styles and interests. They are focused on educating traders with up-to-date market knowledge, technical analysis and trading guides. The broker has easy to use platforms and flexible trading conditions along with ever-green customer support which make it a user-friendly environment for every user, regardless of your investment size. City Index enables you to practice on demo accounts and enjoy almost zero commissions. The minimum deposit requirement is as low as 100$, which is very reasonable when compared to their direct competitors. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools.

This is an important tool for traders since it allows you to understand the influence of significant market-moving events, allowing you to better plan your spread betting, CFD trading, or FX trading strategies. The City Index fundamental and technical analysis portal offers you practical trading ideas as well as the resources to do in-depth market research. By analysing the markets for chart patterns and trade settings, the City Index’s research portal, powered by Trading Central, will save you time. At a glance, the fundamental stock analyzer displays if a stock is overbought or oversold.

• As expected, City Index takes customer protection very seriously and has several measures.
• The Web Trader platform has been the broker’s core offering for many years.
• Before the account can be closed, you need to answer two security questions that you set up prior to verifying your identity.
• City Index seems to have matured nicely though, it’s grown out of its lumbering adolescence under the ownership of Gain Capital and is now owned by US Behemoth StoneX (previously INTL FCStone).
• By comparison, ECN brokers operate through a no-dealing desk (NDD) where client orders are matched directly with various liquidity providers (LPs).
• No trading volume discounts were found, discouraging large-sized and higher skill traders from opening accounts, despite Premium and Professional tiers that provide secondary bonuses.

City Index provides customers dedicated 24/5 customer support in over 180 countries. Traders can contact City Index customer service by phone, email, or live chat. More, City Index offers various support materials, not including their main library of educational resources. The demo account is separate from the live platform, and traders can’t toggle back and forth between the two platforms. Traders can use demo accounts for up to twelve weeks, and City Index provides them free of charge.

Commission and Fees

Whether you’re looking into forex trading for beginners or you’re an experienced trader, City Index is a leading option. Not only does it have a range of trading platforms but also a large number of tradable instruments. In essence, this broker makes it easy to diversify your portfolio and mitigate future risk. City Index is based in the UK and provides Spread Betting, Forex, and CFD trading services.

City Index compared with alternative brokers

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS city index review 17 and Samsung devices running Android OS 14. Spread betting and CFD trading are available on options with City Index. Options give traders just that—an option—to buy or sell an underlying asset at an agreed-upon price on a certain date.

Commissions and Fee Charges

Instead of contracts, clients are betting on the price movements of the financial asset. City Index offers spread betting as an option for trading in the United Kingdom. Spread betting is similar to CFD trading in that it is a form of margin trading and most of the same instruments are available with the same leverage. We are glad to hear that you had such a positive experience with one of our onboarding specialists. We take our reputation as a trustworthy and reliable broker seriously, one which puts clients first. We appreciate your review, and we are happy to hear that you are enjoying our trading platform.

CFDs

The trading strategy course is divided into three main sections and is intended to accelerate the learning curve of a novice trader. This set of common questions will provide answers and solutions for most issues. When more rigorous support is needed, however, City Index’s staff is there to help. Traders are able to speculate on a broad array of bonds and interest rates including US T-notes, UK Long Guilts, Euro Bund markets, and Eurodollar and Euribor rates. Lastly, City Index operates in Singapore and is registered as StoneX Financial Pte.

Scalpers may make multiple trades over the course of a day and don’t leave positions open over night. Learn more about FOREX.com powerful trading platform and how you can get started today. No, the FCA has banned retail derivatives brokers in the UK from offering welcome bonuses.

We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Though City Index’s pricing might not lead the industry, its solid platform suite, wide range of tradeable markets, and exceptional proprietary mobile app will attract traders of all experience levels. In our 2024 Annual Awards, City Index finished Best in Class in multiple categories, including Offering of Investments, Education, and Mobile Trading Apps. Under its parent company, StoneX, City Index’s PlayMaker feature won our 2024 Industry Award for #1 Risk Management Tool. This account can incorporate the TradingView platform and its impressive software and research tools.

They also give access to more than 21 global indices, including the US 500 and UK 100. For shares, it’s possible to trade in thousands of global shares worldwide, including the London Stock Exchange, and NASDAQ. City Index is popular only because of its reputation, but also the number of features it offers. It has a wide number of tradable assets, including forex, cryptocurrencies, shares, commodities and bonds on several platforms.