However, no brokers are without their downsides and City Index is no different. While it does have Standard and MT4 accounts available, it lacks range and could be limiting for some. For that reason, it’s important to assess all options before making a choice. The app allows us to access real-time market data, execute trade, and manage accounts from anywhere, at any time. We can choose from a wide range of markets and tradable instruments with City Index. There are more than 12,000 markets to trade on, which increases diversity and reduces risk.
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All City Index’s trading platforms offer a range of features, allowing us to stay up to date with market movements. Customer support is excellent, with fast response times and quality advice given. Overall, we think that City Index is a solid forex broker which offers robust customer support channels, plenty of insightful educational materials, and a wide range of financial markets. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector.
For UK and most European equities, the charge is 0.08% while for the US this is 1.8CPS, and 0.2% for Asian shares. The minimum commission rates are £10, $10, or €10 depending on the area. There is however a minimum withdrawal limit of $100, and a maximum of $20,000 at any one time. City Index does not generally require any minimum deposit though this may change based on your location. Magin and leverage limits with this account type remain the same as the other accounts.
- Like City Index, Alpari is a long-established broker, having been founded in 1998.
- This caters for you to trade more than 12,000 markets through advanced, but easy-to-understand and use apps for both iOS and Android.
- We aim to give as much information as possible, therefore making the trading journey smoother.
- The rules and restrictions for City Index vary according to the country in question, though all traders need to be 18 years old and comply with local laws.
In this City Index review, we aimed to provide all the necessary information for you to make a solid choice. The forex exchange market can be a complicated place, yet City Index makes it easier with a range of educational resources. This is one of the key standout features of this broker, and it sets them apart from many others.
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Web Trader’s most stand out feature, however, is Trading Central – a research tool that provides extensive scanners capabilities, and also offers AI-based technical and fundamental insights. Trading Central also features Market Buzz, a sentiment engine that scans thousands of news and analysis articles to give traders a clear market pulse on a particular asset. I have been with city Index since 2008 and have both CFD and Spread Bet accounts.
What Extra Trading Services does City Index Offer?
The withdrawal method you choose must also be registered on your account. The withdrawal methods City Index make available are all the same as you will find when making your deposit. The point to note is that funds can only be returned to the original source they were deposited from. The only fee to consider may be a small conversion fee if you are depositing a non-base currency. EWallets are also broadly supported by the broker with PayPal catered for though not in Singapore.
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FCA provides segregated client funds and the Financial Services Compensation Scheme (FSCS) compensates up to £85,000 event of liquidation of investor accounts lose money. The FSCSS holds client funds in segregated accounts and there is a deposit compensation scheme available in the U.K. The broker is available to traders from various countries around the world. The platform can be accessed in languages such as English, Spanish, German, French, Chinese, and Arabic, among others.
Seasonality can be a useful tool if used wisely (and in context) with current sentiment and news flows. Seasonality really is a backwards looking indicator that can easily be overpowered by key macro drivers. But its strength comes in to play when seasonality aligns with the macro landscape. With that in mind, I share my seasonality matrix for indices, metals… The company’s representatives are very professional and are available 24/5. Its intelligent, modern design makes for a user-friendly mobile experience.
- Investing in CFDs involves making price bets as to whether the opening and closing prices of an underlying asset or security will rise or fall.
- The app allows us to access real-time market data, execute trade, and manage accounts from anywhere, at any time.
- There is quite a long list of products you can trade on City Index’s platforms.
- City Index rightfully deserves a place on any shortlist of brokers, but no service provider ticks all of the boxes for all traders.
- City Index uses advanced encryption technology to protect data, and two-factor authentication.
City Index demo account lets you test your trading performance
Users can set custom price alerts, build watch lists, and city index review chat with customer service. The apps integrate TradingView for charting, allowing users to take full advantage of its advanced charting capabilities and extensive technical analysis tools. The order interface looks identical to the web programs, allowing adequate risk management while on-the-go.
The trading strategy course is divided into three main sections and is intended to accelerate the learning curve of a novice trader. 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. Spreads start from 80 points but given the highly volatile nature of the cryptocurrency markets, they can fluctuate quite largely and rapidly. Lastly, City Index operates in Singapore and is registered as StoneX Financial Pte. In Singapore, the broker is regulated by the Monetary Authority of Singapore (MAS) and accepts clients across most of Asia. City Index has a trust score of 67, from its regulation, reputation, and reviews.
The City Index demo account has a virtual balance of £2,500 and gives users access to all of the platform’s features. The MetaTrader 4 demo account starts with a £10,000 virtual balance and gives users access to the forex market. City Index is also among the most popular online forex brokers in India where they are well-known for their great all-around offer, as well as their trustworthiness. Having this in mind, you can definitely say City Index is a reputable online brokerage with a worldwide presence. Discover Short-term trading opportunities with the City Index by speculating on interest rate movements through CFDs or spread bets. Enjoy competitive pricing with spreads starting from just 0.02 points.
Overall, City Index offers an all-around solid desktop trading experience, even if it lacks a downloadable platform. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Always advertising on billboards in the City, always having a colourful client base, always being bought and sold at the whim of billionaires and bigger boys. Back in the good ol’ days, you could open an account and put on a million-dollar trade over the phone with no ID, no deposit, and no idea. 71% of retail investor accounts lose money when trading CFDs with this provider. Standard Account – Provides access to thousands of global markets via desktop platforms and mobile apps.