City Index has one integrated platform for both CFD and spread betting, allowing traders to build multi-product portfolios and easily switch between accounts. However, if you wish to receive same day payment using a CHAPS bank transfer, there will be a £25 charge. Since 1983, City Index city index broker review has made several high profile acquisitions including IFX Markets and FinSpreads in 2005 and FX Solutions in 2008. City Index fee basis is based on a tight spreads and no commission charges, except on Shares CFDs. Professional traders will get discounted rates and tailored conditions.

The broker also offers an external technical analysis and fundamental analysis research tool which helps scans for chart patterns and a range of indicators and oscillator bullish and bearish conditions. Company offers trading with currency pairs and CFDs on indices, forex, commodities, and stocks. City Index has partnered with a number of financial institutions to provide their clients with Forex, Contract For Difference and spread betting services. In October 2012, City Index launched City Index Trading Academy – an online TV series and competition aimed to demonstrate that with education and support, anyone can learn to trade the global markets. In October 2009, City Index launched City Trading, a mobile spread betting application for the iPhone.

This set of cryptocurrencies will keep beginner traders happy but is relatively limited compared to other large brokers. That said, City Index does have the lowest Cryptocurrency trading fees amongst their immediate competitors. City Index offers over 84 currency pairs to trade and spreads are competitive with similar brokers. City Index’ education section is perfect at beginners who want to get up to speed quickly and customer service is open 24/5. Overall, a good market maker and competitive with traditional brokers of its size and type.

This means that there can be differences in the overall price for a Shares CFD versus a spread betting product. If you still want to open an account and pay more for your traders – do try City Index. It is not the worst forex broker and definitely City Index is not a scam.

city index broker review

Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker. Under the Market News & Analysis tab, you will find a section devoted to daily research and fundamental analysis of news events. Also in this section is a fairly basic Economic Calendar covering all the known economic events.

Account Types And Requirements

The choice about which platform to choose mostly depends on what a client would like to trade, therefore it will be one of the standards when choosing a broker too. A bonus is a way to reward traders for deciding to choose a certain broker since once the account is opened, the trader will have the same expenses as any other. The bonus is just a reward for the trader’s choice that gives some of these expenses back to the trader, once proving himself as an active trader. City Index Singapore claims to offer its clients tight spreads and that is indeed the case with floating spreads that start from 0.5 pips for major pairs and an average of 0.7 pips.

  • City Index offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.
  • Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action.
  • It offers a dedicated manager, priority service, broker assisted dealing, invitations and research.

The City Index platform is available to use on multiple devices includingWindows PC, iOS devices like iPhones and iPads, Android devices and online through a Web Browser. Over 38 years later City Index has grown to offering retail investors Forex trading, CFDs trading, and Spread Betting trading. City Index scored well in most review categories, but flaws are still evident, including confusing and conflicting options-fee disclosures, a lack of volume discounts, and no secondary insurance coverage.

City Index provides rich education and training content that will help avoid investors’ accounts lose money, regardless of whether they are beginners or professional traders. There are several categories to the education and training module of City Index. In 2008, FX Solutions, a market leader Dividend in the US in white label foreign exchange and retail services, was purchased by City Index, and next year the company launched City Trading. It was the first CFD and spread betting trading application of the iPhone. Its iShares ETFs cover a range of countries, including emerging markets.

City Index Reviews Of Trading Platforms

We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money. Miroslav Georgiev is Senior Risk Executive with 20+ years of professional wide-ranging experience in multinational forex companies. Take part in Global setup and development of Forex and CFD being an active part of the Business Team. Support can be provided by telephone , by e-mail, by live chat or via the feedback form.

Comparing the spreads charged for our test trades to industry benchmarks we rankForex and Commodities spreads low, and Indices are average. Login Account is on the website where you can register or access existing account management area. The company is established under the Financial Conduct Authority , Monatary Authority of Singapore , Australia Securities and Investment Commission regulation, and other regulators with global expand.

city index broker review

This is useful if you want added assurance that your position will be closed out at the precise price you specify. Priority traders benefit from a dedicated relationship manager, Invitations to exclusive content, seminars, webinars and hospitality events inc xmas party, summer party, golf days and more. City Index has the ability to get deposits and withdrawals processed within 2 to 3 days. City Index has a reasonable sized customer support of at least 10. Although we found some very useful aspects of the City Index platform that would be useful to some traders.

Over 4,500 equity and 21 index CFDs provide coverage of the most liquid assets across numerous markets. Other asset categories include bonds, interest rates, and options. City Index has been facilitating trade on the financial markets for over 38 years.

Best Forex Trading Strategies

Your demo account gives you 12 weeks unlimited access to over 4,500 markets. Demo accounts are intended to enable you to familiarise yourself with the tools and features of our trading platforms. Success or failure in simulated trading bears no relation to probable future results with any live trading that you may choose to engage in. Negative Balance Protection ensures that retail traders never lose more than the funds in their account. Should your CFD or spread betting account fall negative, They will adjust the balance to zero, at no cost to you . City Index offers two proprietary trading platforms, with an advanced model for more sophisticated traders, as well as supporting MetaTrader.

city index broker review

Let other traders know if this service is worth checking or should be avoided. Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor. City Index Singapore’s website should provide all the information one needs to gain skills and knowledge to be able to trade successfully with them. Prospective Financial leverage traders have to be assured that whoever they choose to invest with will give them the required support and assistance whenever and wherever they might need it. Lastly, you get your Equity or stock indices which are actual stock market indexes. They can signify a specific set of the largest companies of a nation or they can represent a specific stock market.

Research And Tools

The Academy runs a six-week web series to show that anybody from any background with the right technical support, training, and discipline can learn how to maneuver in the financial markets. No, City Index was established in 1983 and is a well-known forex broker. The broker is regulated by the Financial Conduct Authority in the UK, by ASIC in Australia and MAS in Singapore. However, we have found many negative user reviews asking whether it’s a legit broker. City Index does not charge a deposit and withdrawal fee and has set an initial deposit recommendation of £100 or an amount which is enough to substantially cover the margin requirement of your first trade. Once you enter the Web Trader, you can see the watchlist, account details, news, and chart.

Account holders can set custom price alerts, build watch lists, chat with customer service, and do basic charting, but the apps don’t provide a real alternative to the standalone or web platforms. Fortunately, the order interface looks identical to the desktop and web programs, allowing adequate Major World Indices risk management while on-the-go. Our researches will help you find a broker supporting all financial instruments you may need. It will also help you choose the best trading platform for your manual or automated trading. City Index is a reputable forex broker with 30+ years of trading experience.

Arket Broker Review

While the Demo Account is for 12 weeks only, if you feel you need more time to practice trading, you can always apply for another one. The investor protection amount you get depends on the subsidiarys country you are signing up with. They have over 35 years of experience and are trusted by traders for fast, reliable execution. FCA UK regulated with publicly traded parent company Gain Capital.

City Index Demo Accounts

The broker is regulated by the Financial Conduct Authority under the registered number , by the Australian Securities and Investments Commission and Monetary Authority of Singapore . Under the browse market tab, you can add instruments into a new watchlist. Note that you can turn on the one-click trading at the top of the screen. Inactivity fee – City Index charges a monthly inactivity fee of £12. We have put it to the test by testing their platform, pros, cons, etc and have found it not be legit. Read our full review to find out why you should stay away from this broker.

There’s no shortage of great research tools on City Index’s platform. Traders can use an abundance of high-quality charting tools and around 80 indicators. City Index also offers trading ideas that are based on technical tools. City Index offers top-notch trading platforms, including the web trader, the AT Pro, and the City Index App. The City Index minimum deposit is £100 for all countries, and there is a monthly inactivity fee of £12 for accounts that have been idle for a year or more. The standard account is available to all clients, while the other two have certain requirements.

It opens a chatbot, which can answer some basic questions, like «How I can deposit?». You have to write the agent word and the chatbot gives the option to talk to a sales or a support agent. On the other hand, stock CFD fees are high and they charge inactivity fee after one year.