City Index Review 2025 Investing com AU
The broker platform provides several financial assets, including Bonds, Cryptocurrencies, Indices, Forex, Stocks, Shares Options, Commodities, and forward and future contracts. Also, the platform is available in the six most popular languages, including English, Chinese, Arabic, German, Spanish, and Polish. To execute trades, you https://traderoom.info/city-index-forex-broker/ may use a variety of orders on a Forex trading platform, such as market orders, stop orders, limit orders, and trailing stop orders. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee.
Other deposit techniques you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity also, though it takes approximately 4-7 days. We tried communicating with City Index support in a variety of languages across multiple countries. City Index charges an inactivity fee if you don’t create any trades for a while. Withdrawal of cash is possible at any moment from the City Index account. You can draw up sums to the amount of your account balance, keeping aside the margin utilized.
Web Trader Platform Review
Information on fee schedules was conflicting, and it was hard to find cost comparisons. They offer fixed and/or variable spreads, depending on venue, but the disclosures would greatly benefit from side-by-side cost itemization. It also isn’t clear how much spreads widen during off-market hours, raising the potential for unanticipated trading costs. City Index runs a market-maker pricing model through its proprietary dealing desk. In other words, City Index creates its own market for retail traders to buy and sell financial instruments.
City Index’s spread start at 0.5 for EUR/USD pairs, and you can trade major indices with spreads starting from 0.3 points. The City Index range of markets includes the ability to trade up to 13,500 global markets, including commodities, forex, share CFDs, indices and more. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Though City Index’s pricing might not lead the industry, its solid platform suite, wide range of tradeable markets, and exceptional proprietary mobile app will attract traders of all experience levels. In our 2024 Annual Awards, City Index finished Best in Class in multiple categories, including Offering of Investments, Education, and Mobile Trading Apps.
One thing to remember is that you don’t necessarily have to have any money in your account. Below we take the main parts of any great broker and compare City Index with Startrader, and freetrade. A quick execution will allow users to exchange without worrying about slippage safely. After being founded in 1983, their customer base has increased to 14,000+ clients. Over the past 42 years, City Index has grown into one of the top online brokers available to the public. We recognize that well-informed decisions with City Index are the cornerstone of successful trading.
In addition, the Markets in Financial Directive (MiFID) allows the company to operate as a regulated entity throughout the European Union. One-click trading on mobile can also be enabled in a single tap via the top menu. Traders who fall below the City Index margin requirements risk receiving a margin call and having their position closed prematurely. Traders can refer to the City Index website for the full list of interest rate spreads. Furthermore, cryptocurrency products are not available in the US or Canada.
- However overall, City Index is good to start your trading journey with, but you must first check whether the broker is available in your country.
- More experienced traders will also benefit from their fast execution speeds, exclusive trading tools and analytical features.
- City Index stands out as a well-rounded broker that provides a solid range of trading instruments, robust educational resources, and a user-friendly platform.
- It’s important to point out, however, that traders do not buy contracts of the underlying instruments.
- We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
Indices Spreads
Each of the three platforms on offer provide City Index clients with an institution-grade trading experience. The pros and cons of MetaTrader’s MT4 platform are well known thanks to it having served the trading community for more than 20 years. City Index is a well-regarded CFD and forex broker which has been operating for 40 years. The broker’s proprietary Web Trader offers advanced charts, custom indicators, and fully customizable workspaces, but it does have fewer features and less customization than the downloadable AT Pro platform. The AT Pro platform includes advanced technical analysis with more than 100 indicators, detachable charts, and strong customization.
Is City Index a market maker?
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). 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. I had a lot of problems with setting up the correct account type, but James walked me through each and every problem I encountered. James is very professional, personable, helpful plus a few more adjectives all of which made it a pleasure working with him.
Exness – Forex Trading Broker With Top Feature
The MT4 demo account also comes with 10,000 demo credits, along with access to the forex market. The company does not charge commissions on spread betting or on any CFDs other than Stock CFDs. The ForexBrokers.com review of City Index picks out the regulatory and financial strength of City Index as being one of the broker’s best selling points. It does also mention reasons why the broker might not be the first choice of traders committed to using MetaTrader’s MT4 plarform. Yes, City Index does allow scalping and hedging strategies for traders.
City Index World-Leading CFD Broker
You may download thousands of free customisable indicators, scripts, and EAs in addition to the hundreds of built-in tools. In addition, there is a significant online MetaTrader community where users from all around the world discuss trading tools, methods, and signals. City Index offers a mobile application for both iOS and Android users. Traders can use the app to execute and manage trades on the go while making use of City Index’s main platform features. A 12-week demo account with 10,000 credits is available for both retail and professional traders to explore and make a clear decision on whether City Index is a worthwhile broker.
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. 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. Traders in Australia can also choose the RAW FX account type which has low commissions starting from just USD 5 or AUD 6 while Singapore traders have the option of a DMA account.
These cover asset groups which include stocks, forex, indices, CFDs, commodities, crypto and bullion. Overall, we think that City Index is a solid forex broker which offers robust customer support channels, plenty of insightful educational materials, and a wide range of financial markets. And like CFD trading, when spread betting, there are no commission costs.