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City Index Review 2021 Legit or Scam?

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AT Pro offers even more and is a platform currently available to advanced users. It lets traders create their own unique trading templates in C#, .NET and Visual Basic or choose from hundreds of built-in templates. Every template can be back-tested to see how its signals performed against past market data. Over 100 technical indicators allow manual traders to tweak their analysis, while the innovative deal ticket features all necessary information.

  • To help their customers stay informed, City Index provides them with real-time financial data, news, and market reports from Reuters.
  • Beginners often do not want to risk trading large sums of money, and will generally not be able to trade full-time during the workweek.
  • Whether you are new to trading or a seasoned pro, I think City Index are one of the best brokers to meet the demands of most traders.
  • We spend thousands of hours a year, both researching and testing brokers, to give you unbiased and extensive reviews.

The other companies of include, and GTX, the latter an institutional foreign exchange trading arm of GAIN Capital Holdings Inc. Our experts found that there is a well-organized learning centre designed for both beginning traders and professionals. Furthermore, the broker indeed pays great attention to the execution policy. If the price moves in traders favor while an order is being processed, City Index executes orders at a better price by their developed technology. There is no minimum deposit requirement for account opening, even so, we advise you to do a deposit of £100 in order to cover margins.

Users have access to commodities like precious metals, oil, natural gas, as well as the four most popular cryptocurrencies, Bitcoin, Ethereum, Litecoin, and XRP. City Index is an award-winning online broker with many noteworthy achievements throughout the past five years. These include the best CFD provider award , best spread betting service , and best mobile platform . Educational resources are great for beginners, as well as intermediate traders, and include two City Index demo accounts. City Index provides 2 different live trading accounts, Standard and MetaTrader 4. No minimum deposit is required to register a City Index live trading account.

CityIndex’s Accounts

Chris Hales and Jonathan Sparke founded the company and started trading and offering spread betting in March 1984. In 2005, City Index platform acquired IFX Group, which included sister concerns forex broker IFX Markets and, an established spread betting provider. 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.

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city index reviews 65 forex pairs and 17 indices, as well as CFD trading in over 4,500 shares of very popular companies from the U.S., Europe, and Asia. Their offer of CFDs is limited in some respects, but that’s hardly a huge drawback. The company also facilitates a variety of options trading, though City Index didn’t make our current list of the best brokers for options trading. City Index is a London-based CFD, forex, and spread betting broker.

See all City Index’s Indices

The AT Pro platform has hundreds of trading strategies built in that can be used for trading signals to compliment your own trading plan. Strategies include moving averages cross system, Heikin-Ashi candlesticks reversal system and a MACD fast line/signal line cross system. StoneX Financial Ltd is a company registered in England and Wales. StoneX Financial Ltd is authorised and regulated by the Financial Conduct Authority .

  • While Forex trading is 100% commission-free, City Index charges commission fees on stock CFD trading.
  • City Index is a Financial Conduct Authority regulated broker with global operations, most notably in the UK, Australia, Singapore, and the United Arab Emirates.
  • is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
  • 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.
  • Of course, trading fees vary on spreads, and they aren’t always as low as 0.5 pips.

The scoring formula for forex brokers takes into account over dozens of factors, including account fees and minimums, trading platforms, customer support, regulatory bodies, and investment options. City Index is licensed by the Financial Control Authority and operates as per the rules of the European Securities and Market Authority . These licenses ensure that City Index offers a leverage limit and provides protection against negative balance so that retail investor accounts do not lose money when trading. A study of ESMA has shown that 73% of retail investor accounts currently lose money when trading CFDs, which is the average in the EuroZone.

City Index Trading Software

They provide you with introduction calls, ongoing support and monthly newsletters. I have always found the support team to be a pleasure to speak with and wouldn’t have any issues reaching out to them again in the future. The more experienced traders who meet certain criteria can apply for the “Professional Trader” account.

Before City Index log in, know the overall details of where City Index stands across multiple sections.

This selection is based on objective factors such as products offered, client profile, fee structure, etc. City Index has low fees for forex trading and there is no withdrawal fee. On the other hand, stock CFD fees are high and an inactivity fee kicks in after one year. There may be a number of reasons why your withdrawal process has been delayed.

Commissions apply on equity CFDs, and are as low as 0.08%, but no less than £10 or the currency equivalent. Corporate actions are passed on to traders, while overnight financing charges also apply. The overall pricing environment remains excellent and is extremely competitive. Screenshot from Cityindex.comWeb Trader is your go-to trading platform if you’re interested in trading CFDs or spread betting. This platform will give you access to all 13,500 financial markets offered by City Index, allowing you to trade shares, indices, Forex, metals, and commodities.

Advantage trading apps are available for iOS and Android devices allowing you to live stream prices and charts also powered with Reuters news fees and economic calendar for your comfortable use. A variety of platforms at City Index cover web-based platforms – Advantage Web platform or downloadable AT Pro platform, as well mobile or tablet apps or still offers the choice to use known MT4 Platform. Based on our research, City Index offers the most common payment methods that will assist you to find the best suitable choice to transfer money to or from the trading account.

Using it, you will be able to quickly narrow down what you want to trade with. You will be redirected to the registration page, where you will need to provide your email address, full name, physical address, phone number, and personal information (birth date, nationality, etc.). City Index will also ask you to choose your username and password. Screenshot from Cityindex.comIf you’re new to trading or simply want to improve your trading skills, City Index is a great source of trading knowledge.

City Index charges no deposit fees.Besides bank transfer, you can use credit/debit cards and PayPal to deposit funds. Once the account base currency is set, you can fund your account only with the same currency. City Index provides three account types, which differ in the account balance required, the maximum level of leverage and the provided additional services. We also compared City Index’s fees with those of two similar brokers we selected, CMC Markets and XTB.

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. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance. is an affiliate partner with various brokers and may be compensated for referred Traders.

The broker is one of the most established and decorated that I have come across during many years in the industry. They have an impressive 35 years plus of experience, providing traders all over the global with fast trade execution speeds and tight spreads. You can trade on user-friendly platforms across multiple devices, with powerful trading tools and excellent customer support. The minimum deposit is just $100 or you can trade with virtual funds on a demo account free of charge. Whether you are new to trading or a seasoned pro, I think City Index are one of the best brokers to meet the demands of most traders.

trading instruments

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

It’s a lot easier to reach them by phone or live chat as they respond very quickly. The minimum withdrawal is £100 while the maximum is £20,000 in a single transaction. Withdrawals do not incur any fees unless a user needs a CHAPS payment. In that case, there is a £25 fee if the payment is lower than £5,000.

economic calendar

Operating under the trading name of GAIN Capital UK Limited, City Index is also a part of GAIN Capital Holdings, a publicly-listed firm on the New York Stock Exchange . We ranked City Index Education total ranking of 8.4 out of 10 based on our research. We found an extensive range of educational materials in various formats available for free which will help beginner traders to hone their trading skills. For instance, check out and compare City Index trading fees with its UK-based peer BlackBull Markets. City Index Fees are ranked average, low with an overall rating of 7.9 out of 10 based on our testing and compared to over 500 other brokers.

It also includes access to the FSCS compensation fund for UK clients. So, we conclude that this isn’t an outright scam but we still cannot exclude the possibility of brokers defrauding traders from time to time. Traders can use advanced tools such as automated trading, live market reports, 30+ timeframes, instant execution, etc. CityIndex offers over 4700 CFD trading instruments including Forex pairs, metals, indices, share CFDs, commodities, bonds, and interest rates. SMART Signals is an algorithm that automatically monitors 36 major global markets across thousands of price data points to highlight potential trading opportunities. Once it has identified a price pattern that has shown historical success in a given market, it will then show them through the SMART Signals dashboard.

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