I was practically overwhelmed by the number of educational materials offered. In fact, there’s an entire dedicated training section where beginners can read and learn all they need about trading. Each SMART signal represents a potential short-term trade in either 4, 6, 8, or 12-hour timeframes. It also comes with a complete auto-populated trade ticket that shows suggested take profit and stop-loss levels. City Index seems to have matured nicely though, it’s grown out of its lumbering adolescence under the ownership of Gain Capital and is now owned by US Behemoth StoneX .
The minimum withdrawal is £50, with a maximum online amount of £20,000 per single transaction. City Index does not levy transaction fees, but third-party charges may apply. All in all, City Index offers multiple cross-platform trading applications, 24/5 customer support, and a variety of asset classes and products to choose from.
It is easy to make a deposit and start trading as soon as the funds are in your account. When it comes to making withdrawals, there is a minimum requirement of $50 your balance, whichever is lower. If you are considering choosing City Index as your broker, then there is a lot to like. Not only are the spreads low and highly competitive with other brokers, but they also have a wealth of experience and a good reputation.
While we do pride ourselves on providing our clients with competitive spreads, we understand that some trading strategies may be more difficult to implement in a fast-trading trading environment. We hope to hear more about your experience with our platform so that we may use that feedback to keep improving it. Please reach out to our support team by email with any issues, comments, or suggestions.
AT Pro has an advanced charting package with over 100+ indicators and a vast range of drawing tools for your market analysis. There is a back testing excel tool that allows you to test trading signals performance over historical data. It also has a customisable economic calendar, real-time news from Reuters and analysis portal that automatically scans the markets for chart patterns based on technical and fundamental analysis. This can save time from manually researching the market and present potential trading opportunities.
Minimum Initial Deposit
The parent https://traderoom.info/ of City Index, StoneX Group Inc., is a U.S.-based company listed on the NASDAQ under the ticker symbol “SNEX”. As of 28 February 2021, StoneX migrated GAIN Capital UK Limited into its StoneX Financial Ltd entity. It specializes in options in forex, shares, indexes, commodities, spread betting, CFDs, and interest rates. Also, margin trading is restricted only to professional traders. Our research showed that the broker’s client base comes to a number of over 150,000 traders worldwide, and this is not a surprising fact. City Index has a large, dedicated training section for new traders, but as it is a multi-asset broker, the focus isn’t always on Forex trading.
Commodities– Commodity trading is also present on City Index, with traders having the ability to either spread bet on them or purchase related CFDs. Uk crude oil, US crude oil, coffee, sugar, corn, carbon emissions, cotton, gas, heating oil, cocoa, wheat, oats, soybean are just some of the commodities currently available on the platform. There are 25+ commodities on City Index, with spreads that start at 0.06 points. City Index has some additional trading perks, including the ability to transfer unrealized profits from your open positions into margin for new positions, giving you excellent flexibility as a trader. They also offer a futures roll-over discount and the ability to scale in and out of trades in increments (either a FIFO or non-FIFO basis). CFDs or Contracts for Difference are a type of trading derivative which allows traders to invest in the future price movements of an underlying asset, without having to outright own said asset.
- A YouTube review found an excellent series of TA videos but none were linked directly to the web suite.
- Offering an intuitive experience for both desktop and mobile via a choice of platforms, you can enjoy trading on an extensive selection of major, minor and exotic or emerging assets.
- There closeout provisions for those who like to trade on the move with a downloadable app on iOS and Android as well as a mobile responsive site for those who prefer web-based trading.
- In addition, the broker has negative balance protection and FSCS insurance in the event of the company’s insolvency in the amount of up to 85,000 pounds.
Access 13,500+ global markets via an award-winning spread betting and CFD trading app. Go long and short on the UK 100 from 1pt, EUR/USD from 0.5pts and Oil from 1.5pts. City Index offers over 12,000 CFD Markets without extra commission for currency pairs and typical low spreads. Considering the above, you can choose City Index as your broker.
Besides, traders can access a range of order types, hedge positions, and scale in/out of trades seamlessly. The platform contains a whole host of useful tools that traders can use to improve their trading efficiency. A full technical analysis portal, powered by Trading Central, is the first feature we came across. It scans the markets for chart patterns using a diverse range of indicators and oscillators and presents you with trading opportunities to help you save time as a market researcher.
- Trade on the world’s most popular downloadable FX trading platform, complete with powerful charting package.
- Based on ownership, you can open an individual or corporate account.
- Web Trader operates on top of the HTML5 technology and is available to desktop users through their web browsers.
- The broker is one of the most established and decorated that I have come across during many years in the industry.
- I was also able to freely use the trading and research tools, such as SMART Signals and TradingView.
Although it was a brokerage firm focused on spread betting in its early years, City Index now offers many other financial products to its customers. The company also added to its offer by introducing multiple trading platforms, and is now a well-rounded brokerage service. Although it’s always recommended to have at least some experience when trading for real money, City Index is a great platform to learn your online trading ropes.
Account Types 🗃
It is with confidence that we can say that this broker will not scam you. With over 30 years of trading and some of the best licensing and regulation, their reputation is solid. Alternatively, if you find that contacting your investing partner isn’t working, you can contact us and we will be more than happy to try on your behalf. We have excellent working relationships with many of the sites we list and recommend. We want to help our readers in any way we can, but sometimes it’s better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you’ll need to contact them in person due to security.
You will not pay a finance charge on futures trades as they already have the overnight cost built into the price. Yes, CityIndex is a safe broker for British traders to trade with. Founded in 1983 in London, CityIndex maintains regulation from multiple top-tier regulators, including the UK’s FCA, ASIC of Australia, and the MAS of Singapore. CityIndex is also owned by StoneX, a Fortune-100 NASDAQ-listed company, further burnishing its credentials as a safe broker. There closeout provisions for those who like to trade on the move with a downloadable app on iOS and Android as well as a mobile responsive site for those who prefer web-based trading.
The series was broadcast on City Index’s website and syndicated on YouTube. city index review Academy was won by trainee Black Taxi Cab driver John Walsh, who delivered a return on investment of 23.6% in the finale. See a breakdown and explanation of our charges, including our spreads, commissions and overnight financing costs. Another provision made for improved pricing execution is what City Index calls aggregation of client orders. Under this provision, your orders can be aggregated with other clients’ transactions in City Index’s account. This is done only if there won’t be a disadvantage to you and the other clients.
As a trader choosing a forex broker, you might have questions and inquiries. This is why we have reviewed City Index’s customer support in the UK. Traders from the UK can open a CFD trading account or spread betting account at City Index. You can fund your account via bank transfer, PayPal, and credit/debit card. City Index have some FAQs for help and support whilst the client services team are available 24 hours a day, 5 days a week to answer any particular questions that you may have.
City Indexprovides 2 different live trading accounts, Standard and MetaTrader 4. Yes, City Indexis one of the worlds leading providers in spread betting, FX, and CFD trading. I never believed in bitcoin recovery because I was made to understand that it is not possible. But sometime in DECEMBER I fell for a binary options scam which promised a higher return and I lost close to $75,000. I read an article on as regards to a recovery expert and genius so I reached out to SCAM RECOVERY SITE, and to my surprise I got all bitcoins recovered within 24hours frame.
City Index’s retail clients can enjoy such perks as negative balance protection, reduced leverage, and 50% margin close-out on an account basis. Customers can manage their funds through a secure funding portal. FCA regulations require them to keep their customers’ money in segregated bank accounts that aren’t connected to those of the company. This prevents City Index from using their clients’ funds for their own organizational activities.
City Index allows you to trade on more than 12,000 global markets, including bets on spreads, CFDs and Forex, more than 4,500 stocks, 84 currency pairs, cryptocurrencies and more than 25 commodities. The cryptocurrency market in the City Index is also widely represented and includes Bitcoin, Etherum, Bitcoin Cash, Litecoin, and Ripple. MT4 Trading Platform– the popular MT4 trading platform at City Index combines the company’s integrated trading tools with the company’s narrow variable dealing spreads. The MT4 platform comes with an array of customizable indicators and an Expert Advisor feature to automate your trading strategies.
As said, it’s a solid app, and all of you who like trading on your mobile devices should be satisfied with its performance. However, while I’m at it, the performance was sometimes slower, especially when loading specific features. Now let’s get to the most important part of this City Index review – the trading platform experience.
You cannot jump straight into the Premium version until you have proven yourself. You will benefit from negative balance protection, meaning that you can never lose more than what you have deposited and margin close outcomes as standard. You will also have access to news and analysis in addition to a choice of trading platforms. Through City Index, you can trade on thousands global markets with a Spread Betting, CFD Trading or MT4 account. Trading instruments include FX currency pairs, Indices, Global Shares, Global Commodities, Cryptocurrencies including Bitcoin and other markets . 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.