The support team is multilingual and available from 10 am Sunday to 5pm Friday, catering to the global client base of City Index. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. City Index provides top-rated mobile trading applications for both iOS and Android city index review devices. City Index is a legitimate broker with over 40 years of experience, regulated by top authorities like the FCA in the UK, ASIC in Australia, and MAS in Singapore. However, comparing its offerings to those of other brokers will help you decide if it matches your needs.
Marketing and sponsorship
While the overall quality of City Index’s customer service is commendable, there is room for improvement. What I also like best about this highly customizable charting platform is its 100% synced layouts, watchlists, and settings across desktop and mobile devices. It’s also worth remembering that financing charges apply to positions held overnight, a standard practice in the industry when trading forex and CFDs. Stock (CFD) trading incurs a commission of 0.08%, with £10 for UK shares, €10 for European shares, and $10 USD for US shares. It’s worth remembering that even if a broker operates under tight regulation, it can break the rules. In 2023, StoneX Financial Pty Ltd was fined by ASIC due to issuing CFDs with a leverage ratio exceeding the permitted limit.
Trading Platforms 💻
City Index offers a rich educational experience that will satisfy both beginner and intermediate traders. Its YouTube channel has a robust archive of educational videos, but City Index offers fewer written articles than leaders in this category. However, average pricing and a limited MetaTrader offering hold City Index back from competing with the best forex brokers. You can look at upcoming events in chronological order and click on them to see a summary and check historical data. All in all, the combination of handy research tools and great news providers leaves little to be wanted, even by seasoned traders’ standards.
What is the minimum deposit required at City Index?
City Index is an excellent fit for new and mid-level traders seeking excellent research, solid education, reliable customer service, and a broad range of competitively-priced markets. The StoneX connection goes a long way in building trust, while the broker’s history and London location will instill confidence. Dozens of trading ideas and opportunities utilizing diverse market approaches are offered on the platform. 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. City Index’s proprietary Web Trader platform delivers a rich trading experience while providing access to City Index’s full product offering.
Mobile trading apps
Minimum limits may apply when dealing with certain account types, like DMA (Direct Market Access) accounts, which require a higher minimum balance for premium pricing and lower spreads. Payment options for deposits include bank transfers, credit and debit cards, or e-wallets such as PayPal and Skrill. The charting package of the AP Pro trading platform represents an essential benefit for manual traders. Full customization allows traders to approach markets based on their preference, design their workspaces, and directly transfer their settings from one device to another.
- Other research material is well-organized, and many categories are also accessible through the trading platforms.
- Founded in 1983, the brokerage is a part of GAIN Capital, a US-based online trading service provider.
- If you’re interested in exploring the forex market in the UK further, we’ve got you covered with our comprehensive guide to help bring you up to speed and expand your understanding of this market.
- City Index is now part of the StoneX Group – a Nasdaq-listed, US-based company – suggesting a high degree of financial transparency and rigour in its operations.
- Both accounts have no commissions with spreads from 0.5 pips, the only difference is the trading platform you use.
An advanced strategies educational course lesson with progress tracking on the City Index website. City Index’s MetaTrader 4 mobile trading app showing the side panel navigation panel of the menu. Use our country selector tool to view available brokers in your country. He is a forex industry expert and an active fintech and crypto researcher.
Independent Investor offers an unbiased and independent broker comparison service, but we may receive compensation from the listed brokers. Over 100 technical indicators allow manual traders to tweak their analysis, while the innovative deal ticket features all necessary information. Real times news is curated by Reuters, inside the technical/fundamental analysis portal. Other essential features include a phenomenal charting package, precision drawing tools, and valuable market data. AT Pro represents one of the most advanced trading platforms available to traders in today’s financial markets.
There are three trading platforms available at City Index, each meeting different needs. For Forex traders seeking automated trading and advanced charting, MetaTrader 4 is the perfect choice. For a built-in market analysis and fast execution, traders are better off with the WebTrader platform. Trading View is best for its extensive technical analysis tools and a trader community for market insights. The well-designed, intuitive interface is packed with features such as multiple chart types, 14 time intervals, advanced drawing tools, and one-click trading directly from charts.
You can get a 90-day trial for FX Trader trading alerts from Faraday Research. Exchange data is fed into platforms and the broker doesn’t charge anything for the data. Benzinga has completed a City Index Review, one of the world leaders in spread betting and CFDs, to help you determine if it’s the choice for you. Spread betting and CFD trading are available on options with City Index.
- It may have a well-regulated trading environment, a wide range of instruments, and competitive fees, but there are a few things that could use improving.
- City Index is an excellent fit for new and mid-level traders seeking excellent research, solid education, reliable customer service, and a broad range of competitively-priced markets.
- SMS trading signals are also supported, ensuring traders never miss a profitable opportunity.
- Full customization allows traders to approach markets based on their preference, design their workspaces, and directly transfer their settings from one device to another.
- But its strength comes in to play when seasonality aligns with the macro landscape.
- This broker offers various instruments in 13,500+ markets, allowing its over 1 million user base to trade and diversify their portfolios.
New traders have access to an in-depth educational program, while the invite-only Premium Trader account features exclusive perks for high-volume traders. City Index caters to over 150,000 traders, and the overall products and services qualify it as a prime brokerage. Independent Investor is a news and educational portal covering latest events in the world of trading and investment. Between 74-89% of retail investor accounts lose money when trading CFDs, forex, and spread betting. You should consider whether you can afford to take the high risk of losing your money.
However, at certain times of the day, select financial instruments are fixed. City Index specializes in spread trading and CFDs and it can offer competitive pricing for these products, especially with its fixed and variable rates. You can also use it to gain access to forex spot trading, but it can only be done through MT4 and the pricing seems a bit high.
Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Overall, City Index is a reliable choice for those seeking a well-regulated broker with diverse market access and robust tools for short-term trading. Overall, City Index’s research tools provide a strong foundation for market analysis, but a few additional features could make them even more dynamic. City Index’s research tools provide an insightful experience, offering a wealth of resources to support informed trading.