Keep up-to-date with all the latest upgrades and features designed to enhance your trading experience. Our current version features best-in-class charting, over 80+ tools and indicators, https://traderoom.info/city-index-forex-broker/ plus instant financial news from Thomson Reuters. Contracts-for-difference, also known as CFDs, are banned in the United States because the US securities law disallows their trading.
The trustworthiness of City Index is significantly bolstered by its regulation under several esteemed authorities. It holds authorizations from the Financial Conduct Authority (FCA) in the United Kingdom and the Australian Securities and Investments Commission (ASIC) in Australia, among others. These regulatory bodies are known for their stringent compliance requirements, ensuring that City Index adheres to high standards of financial conduct and transparency. City Index provides a wide range of convenient and secure payment methods.
- However, we recognize that there are always ways in which we can improve and optimize customer experience.
- You can also create and amend multiple watchlists, grouping together individual markets to suit your trading needs.
- The company does not charge commissions on spread betting or on any CFDs other than Stock CFDs.
- We take our reputation as a trustworthy and reliable broker seriously, one which puts clients first.
- With City Index, clients are assured safe from possible losses and bankruptcy.
- Our research portal highlights trade opportunities using technical and fundamental analysis.
Broker Comparison
Plus500 is a publicly listed company in the UK and a constituent of the FTSE250 with a clean regulatory track record. City Index is a popular CFD broker in the UK and are regulated by the FCA. They provide CFD trading on various instruments and spread betting services with zero commission for currency pairs. They are licensed with multiple Tier-1 & Tier-2 regulatory bodies and offer a good range of CFDs. Their CFD markets include indexes, shares, forex, oil, commodities, metals, and bonds. Apart from trading CFDs, City Index also offers spread betting on these instruments.
Here is a summary of payment methods accepted by City Index for deposits. You can trade precious metals like gold, silver, platinum palladium, and iron ore with a low fixed spread of 0.3 pts. Yes, City Index has a proven record of accomplishment of financial strength and security.
City Index account types
City Index was founded in 1983, the company is listed on a stock exchange and offers their services to clients from various countries. City Index has built an impressive research portal, with in-house analysts providing daily market outlooks and updates through a tag-based news page that’s full of fundamental and technical reports. The site also posts some news videos on YouTube, but poor integration between YouTube and website video content makes it more difficult to find topics of interest. Other research material is well organized, and many categories are also accessible through the trading platforms. City Index advertises lower minimum fees but has higher average costs, while Plus500 features dynamic spreads dependent on market conditions with no minimums. The currency conversion cost at City Index is 0.50% versus up to 0.70% at Plus500.
Professional Trading Accounts
- We work hard to provide the most accommodating and exceptional platforms for our clients.
- No doubt, City Index is a legitimate brokerage firm that offers a wide variety of trading instruments.
- City Index provides robust support for algorithmic trading through its state-of-the-art platforms, which allow traders to efficiently implement automated strategies.
- Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old.
- These regulatory bodies ensure that City Index adheres to strict standards of financial conduct and customer protection.
- Information found in this website are to be used at your own risk, Skrumble will be not liable for any loss or profit that derivates from the use of those.
City Index offers 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. Full-time and professional traders may be forced to look elsewhere due to the lack of volume discounts and weak connectivity through VPS and API interfaces.
They offer a selection of over instruments, depending on the type of trading account being used by the trader. Below is a breakdown of the various instruments offered by the broker. The broker offers fixed spreads for many indexes and commodities and variable spreads for forex and other markets, but read the fine print because this categorization isn’t intuitive. Clients can trade more than 4,700 shares from multiple exchanges while index and metal CFDs can be traded on a cash or futures basis.
Unfortunately, at the moment it doesn’t like City Index have any bonuses available for new clients signing up. But CityIndex do sometimes have cash introductory offers to attract new traders to try their platform. Whilst these are often time-limited, they generally include cash incentives for new account holders who deposit a minimum amount into their accounts and execute a certain number of bets. Their most recent offer was a £200 cash bonus for new account holders who deposited £1000 in to their account. This became available directly in to the clients account as soon as at least 3 trades were placed at a minimum of £3 per point. City Index does not offer cryptocurrencies but maintains an overall well-balanced list of trading instruments, including 4,500+ equity CFDs and 84 currency pairs, part of 12,000+ assets.
Besides core assets, traders have access to a wide range of secondary markets. The primary regulator of Gain Capital UK, the owner of City Index, is the Financial Conduct Authority (FCA). Client funds remain fully segregated, and traders are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000. Other meaningful regulators include the Australian Securities and Investment Commission (ASIC) and the Monetary Authority of Singapore (MAS). City Index is one of the most transparent brokerages in the industry and a stellar example of a well-executed company.
City Index quotes the minimum spread plus the average spread for a historical period. Additional commissions and fees exist only for CFDs on equities and they vary for different markets. The platform offers a variety of account types, competitive spreads, and powerful trading tools to cater to a wide range of trading styles. Its transparent pricing and the availability of a demo account make it a good alternative for traders looking for flexibility and a diverse selection of chances.
The City Index Advantage web trading platform also allows you to deal thru charts. This is a good feature for chartists as it means you don’t have to switch between the chart and the deal ticket. You can also amend order directly from the charts which is another useful time-saving feature. Deposits can be made via credit/debit cards (Visa and Mastercard) and bank transfer. The recommended minimum is 100 Pounds but you can deposit lower if you want to. The minimum withdrawal is 100 Pounds or your entire account balance (whichever is lower) and the waiting time is between 3 and 5 working days or 1 – 2 days for domestic payments.
