City Index Review 5 Key Ratings For 2024

City Index offers some of the best trading tools and analysis to help traders perform better. Their unique post-trade analytics and voice brokerage service make it an excellent choice for large and frequent traders. An education section features written how-to-trade tutorials that are organized into eight sections. However, just four of the six open to standard course materials while the others duplicate research or marketing content found in other sections.

Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Yes, City Index does allow scalping and hedging strategies for traders. Additionally, automated trading strategies are also permitted which in our view, positions City Index well for high-frequency and quant-style traders. While we think City Index offers a lot of benefits to traders, we view these two factors as major disadvantages. Up to three debit or credit cards can be used for an account across Visa and MasterCard. When transferring funds from an Australian bank, no deposit fees are charged, and there are no charges for funding through a bank transfer when the account is based in Australia.

How To Verify Your City Index Account

Forex.com is another trading broker under the same umbrella which further emphasises the size of the company. City Index does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment for up to 80 Days. City Index also does not offer a welcome bonus or deposit bonus or the advantage of a no-deposit bonus when traders register a real account for the first time. City Index is a well-regulated broker which is highly regarded by the trading community.

1. The AT Pro platform includes advanced technical analysis with more than 100 indicators, detachable charts, and strong customization.
2. Whilst PayPal is the most popular, there other alternatives nowadays such as Skrill and Neteller.
3. This is because strict regulation means that they are only able to provide certain features in certain jurisdictions.
4. With SMS Volatility Alerts, you can stay on top of any trade opportunities in your preferred markets.
5. City Index is a one of the world’s leading trading brokers offering thousands of financial instruments to traders worldwide.
6. Traders can also access Performance Analytics, SMART Signals, Trading Central, Advanced Charts, and alerts to help them.

Extended Hours Trading

City index offers retail investors and professional traders hundreds of lessons available at their fingertips. The educational material encompasses a broad range of topics from lessons on how CFDs work and a trading strategy course that is valued at over $5,000. CFDs are risky instruments, especially when it comes to using leverage. For this reason, City Index offers various risk management tools including guaranteed stop-loss orders. While you can bet on the same products as you can trade with CFDs, there are some differences to note between CFDs and spread betting.

Deposit Options and Fees

They can use leverage for this product and take both short and long positions. And Australia can use leverage with negative balance protection to prevent balances from going negative. In our City Index video review we test the platform with real money, put some trades on and highlight some of the broker’s unique features. One example of how they are populating their platform with new trader tools is SMART Signals. Been with them for a short time but can see differences to former brokers I have been with. Good service, good number of products and reasonable spreads when trading.

It’s important to note that this broker doesn’t allow the trading of CFDs for citizens in the US, Canada, Belgium, Brazil, Japan, and Hong Kong. Besides being a well-established broker, City Index has a positive reputation worldwide. Its head office is in the UK, however it also has offices in other countries, including Singapore.

As mentioned previously, City Index’s leverage structure is relatively low. Spread betting brokers are popular in the United Kingdom as there are no capital gains taxes, which means more profits. You can view our City Index Spread Betting review our our sister site spread-bet.co.uk. When deciding on a broker, you can save on costs by choosing a broker with tight spreads.

1. It can be a good idea to opt for a trading broker who offers so many different markets and trading instruments in case you wish to branch out and diversify your portfolio in the future.
2. You can deal with CFDs on forex, stocks, indices, commodities, and crypto trading is possible under certain conditions.
3. Under its parent company, StoneX, City Index’s PlayMaker feature won our 2024 Industry Award for #1 Risk Management Tool.
4. To read more about educational resources and the knowledge base, see the next section.
5. The FAQs section of the brokers site is well thought out and works through commonly raised issues.

Range of Markets and Instruments: 4.5/5

This is the MetaTrader 4 account which offers all the tools this platform is famous for. It is a good choice for experienced traders and provides access to EAs. For those using a debit or credit account to add funds, there is a minimum of $250 per transaction. WebTrader is the brokers’ own web trading platform, which is easy to use and can be accessed from any web browser. This platform has a number of trading tools, real-time charts, news feeds, and technical indicators. City Index provides forex trading with more than 80 currency pairs, including majors, minors, and exotics.

These are indicators of a trustworthy broker, but the broker’s suitability depends on the individual trader’s needs. 69% of retail CFD accounts lose money You should consider whether you https://traderoom.info/city-index-forex-broker/ understand how CFDs work and whether you can afford to take the high risk of losing your money. When trading forex and other markets on the City Index MT4 platform, you may take advantage of ultra-tight spreads, quick trade executions, and unique trading features.

You can manage your account easily through their secure funding portal. I would like to see them include some more online payment processors. Whilst PayPal is the most popular, there other alternatives nowadays such as Skrill and Neteller. Additionally, it would be great if they were to introduce crypto payments but I understand this may not be possible due to regulatory restrictions. The minimum deposit starts from $100 which should be achievable if you are looking for a quality broker.

This broker offers access to the global indices market, shares in the London Stock Exchange, New York Stock Exchange, and NASDAQ. This is an industry-standard platform that has many features and analytical tools. 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. The MT4 Account is the only other option besides a corporate account.

You can place and manage trades by using mobile trading applications. City Index is a leading provider of online trading services, specializing in Contracts for Difference (CFDs), forex and spread betting. With over 35 years of experience, City Index offers a wide range of tradable assets to cater to the needs of both individual and institutional traders. Unlike spread betting CFD profits are subject to capital gains tax, so are less popular among UK traders. Historically, City Index would offer CFDs to more professional traders and spread betting to smaller clients. CFDs and spread betting are similarly priced with City Index, with the commission being included in the spread, which is slightly wider than the underlying market bid/offer.