From this point on, City Index grew exponentially and opened offices in Singapore, Shanghai, and Sydney, mainly to cater to the clients in the Asia Pacific region. Trade more than 12,000 global financial markets with City Index. Join over 115,000 traders who trust us to provide a best-in-class CFD trading and spread betting service. City Index is a popular CFD broker in the UK and are regulated with the FCA. They provide CFD trading on various instruments and spread betting services with zero commission for currency pairs. All client funds are in segregated bank accounts with retail clients in the UK also coming under the Financial Services Compensation Scheme .
Claim your listing for free to respond to reviews, update your profile and manage your listing. City Index is the brand name of GAIN Capital who are recognized in financial circles around the world, and are also listed on the New York Stock Exchange . In terms of the broker standing in the sector, City Index are one of the cornerstone names in the entire industry, having been around since 1983. Gain Capital, the owner of this brokerage, provides a stable foundation.
See all City Index’s forex pairs
You can also view City Index reviews and our independent rating of Forex brokers. The application process can be completed in a very short amount of time, because of the comprehensive instructions offered. During this City Index review it took us less than 3 minutes to fill out the forms. Having been around the industry for so long, you can take it as a given that City Index provides one of the most transparent, and trusted trading environments in the entire industry. The owner of this website may be compensated to provide opinions on products, services, websites and various other topics. Even though the owner of this website receives compensation for our posts or advertisements, we always give our honest opinions, findings, beliefs, or experiences on those topics or products.
This is a VERY RISKY company to deal with, not recommended at all. City Index assumes that retail clients rely on them to get the best execution. However, it is possible that you do not get the best execution. According to City Index’s documents, it is possible that your orders are executed by a trading desk. The deposit & withdrawal of funds at City Index is easy and convenient.
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Besides its headquarters in the UK, City Index maintains offices in Australia, Singapore, and the United Arab Emirates. Live TradingView charts, allowing you to plan your next trade with full-screen TradingView charts and 60+ technical indicators. Utility bills such as gas, water, electric, cable, or phone. If the utility bill is in the name of a landlord, also provide a rental or lease agreement.
A well-regulated CFD provider, CityIndex ensures that all Anti-Money Laundering rules and regulations are followed. As such, all non-profit funds are returned to the original deposit source. No matter your deposit method, the withdrawal of all profits must be made by bank transfer to a bank account in your name. British traders are eligible to open an account at CityIndex but have to follow the four-step account opening process. CityIndex offers individual, joint, and corporate accounts, but we will focus on opening an individual account. I am one of those whose account has been transferred from GFTUK to City Index.
No trading volume discounts were found, discouraging large-sized and higher skill traders from opening accounts, despite Premium and Professional tiers that provide secondary bonuses. A Training section features written how-to-trade tutorials that are organized into six sections. However, just four of the six open to standard course materials while the others duplicate research or marketing content found in other sections. A YouTube review found an excellent series of TA videos but none were linked directly to the web suite. The broker also provides how-to articles on each of the major trading venues as well as a full-featured help and support database.
In addition to popular MetaTrader platform, proprietary AT Pro and Web Trader platforms are available. Daily market analysis in written and video format is provided by City Index own analysts team. Trading stocks, you will find a City Index commission charge, though this is one which generally continues to remain very competitive. The commission charged on stock CFD trading at the broker typically ranges from between 0.08% to 0.2% depending on the asset, with a minimum commission of $10 or equivalent currency to be charged. City Index ensures traders have access to a high-quality trading environment developed with cutting-edge tools to generate a competitive edge.
What instruments does City Index offer?
I hope that the brothers who were deceived like me see this news, the abyss early rein in and stop believing what they say. In the middle of the year, a woman and my friend took me to speculate in stocks, followed by him, Liu Zhenhua and Wang Shundong. Learn to speculate in stocks, and follow them to speculate in gold.
To read much more details about the https://traderoom.info/‘s services and features, expand on the sections below. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. We’d be happy to arrange for one our team to contact you to discuss the benefits of our Premium Service, as well as the array of research tools & content that we make available. Have been with City Index for several years and am very pleased.
In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader’s stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5. Screenshot from Cityindex.comWeb Trader is your go-to trading platform if you’re interested in trading CFDs or spread betting.
Looking for commission and fees data for City Index?
It is extremely customizable.It is easy to add, remove, or change the size and position of tabs to create your own unique trading platform. It also lets you pick between a light or dark theme and between ‘one-click’ or ‘two-click’ trading. We tested Web Trader as it seems the best trading platform in terms of functionality and design. City Index’s web trading platform is user-friendly and extremely customizable, with lots of order types. To have a clear overview of City Index, let’s start with the trading fees.
- Roll-over Discount – You can continually and automatically roll over all futures trade at expiry by paying for only half the spread.
- Now let’s get to the most important part of this City Index review – the trading platform experience.
- It seems to be a very experienced broker with a good reputation.
- You’ll love these features if you’re a trader who always looks for new trading ideas and ways to improve their skills.
For some, it might not be enough, but I’m sure less experienced traders will find the number of trading instruments more than satisfactory. MT4 trading platform is a third-party platform that specialises in Forex trading. Available in both demo and standard versions, Meta Trader 4 offers a much different trading experience compared to the standard Web Trader, although both platforms share several similarities. When browsing through popular online trading platforms in the UK, the name City Index has likely popped up more than once.
Minimum stakes and bets go for 50p per point while minimum trade for CFDs is one CFD unit. When opening an account, traders can choose whether they want a CFD account, a spread betting account, or a single account with both products. Traders can use demo accounts for up to twelve weeks, and City Index provides them free of charge. The City Index demo account comes with 10,000 demo credits and allows access to all features of the platform. City Index offers forex CFD markets on over 65 global FX pairs including majors, minors, and some exotics.
When you select an event, you can read a quick summary about it and check its historical data. For example, you can see what the EU employment data means and how it has changed over time. City Index has an average selection of forex and CFD products. On the negative side, features were sometimes a bit slow to load.
Tickmill is a city index reviews name of Tickmill Ltd, a member of Tickmill Group, which is regulated by the Seychelles Financial Services Authority . With a proven track record of strong financial results and stable growth, Tickmill has put itself in an enviable position as a trusted market leader… Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Ltd. (“SFP”) for the offering of dealing services in Contracts for Differences (“CFD”). CityIndex’s market analysis materials are detailed and well-structured, and much better than what is usually available at other brokers. Overall, the range and depth of assets available to trade are impressive and much more than is normally seen at other similar brokers.
WDCMARKETS is a big scam, I invested a lot of money in this company and everything was going good un… Withdrawals and deposits are available for Switch, Maestro, Solo and Laser Debit Cards. The learning center is very innovative and it is called The Learning Academy. This looks less like video tutorials and more like a TV series similar to The Apprentice, to make a loose comparison. There are 6 episodes and it’s a much recommended watch even if you don’t want to use this broker for trading. TopForexBrokers.Net team does not trust this broker and advises you not to sign up with it.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, or any kind of trading you should carefully consider your investment objectives, level of experience, and risk appetite.
Other asset categories include bonds, interest rates, and options. 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. As I already covered, City Index doesn’t charge any deposit and withdrawal fees. However, I find the number of available banking methods slightly limited compared to some other brokers I’ve reviewed.
- The help and support FAQs are well-organized, allowing for quick retrieval of needed information.
- City Index is one of the oldest spread betting and CFD brokers based in the UK.
- To close your City Index trading account, you need to contact the client management team.
- All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing.
- The tool is 100% free and is available via your standard trading account.
This is done only if there won’t be a disadvantage to you and the other clients. But if you are withdrawing online without credit cards, the minimum withdrawal is £20,000 in a single transaction. This means you can carry out multiple transactions but you cannot exceed the £20,000 limit per transaction. Step 5) At this point, City Index will be going deeper into what they want to know. Your employment details, your trading experience, and your annual income are key details required at this point. City Index withdrawals are free of charge unless a CHAPS payment is required, in which case a £25 fee is assessed for payments under £5000.