He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. City Index, formed in 1983, is a reputable trading platform that provides access to over 13,500 global marketplaces. It is regulated by top-tier regulators such as the FCA, ASIC, and CySEC, and provides exceptional security through segregated client money and FSCS coverage. City Index was founded by Chris Hales and Jonathan Sparke in September 1983 and started trading in March 1984 offering spread betting.

The broker stands out for its broad market selection, with access to forex, indices, stocks, commodities, and options. It also provides high-quality research tools, advanced charting platforms, and educational resources, making it suitable for both new and experienced traders. However, the absence of MetaTrader 5 (MT5), copy trading features, and cryptocurrency trading for UK retail clients may limit its appeal for some.

The help and support FAQs are well-organized, allowing for quick retrieval of needed information. Open a City Index account today and improve your trading results with our trusted Forex brokers! Stay informed about CFDs, FX, stocks, and cryptocurrencies, and use real broker reviews to make sound trading decisions. City Index broker offers two main methods for trading forex, tailored to different investor preferences.

• City Index offers some of the best trading tools and analysis to help traders perform better.
• The daily chart shows that momentum has turned lower around a resistance cluster, including the December low, 38.2%…
• Spread betting brokers are popular in the United Kingdom as there are no capital gains taxes, which means more profits.
• The combination created a new global firm with operations in more than 150 countries and annual trading volumes in excess of $3 trillion.

City Index is a Financial Conduct Authority (FCA) regulated broker with global operations, most notably in the UK, Australia, Singapore, and the United Arab Emirates. Deposits & withdrawals are fee-free, but traders should check with their banks or payment providers for any external charges. Quickly compare vetted accounts to see which providers are most appropriate for you. City Index has proven itself a global leader in CFD trading and Forex trading.

Exchange-Traded Funds

Instead of contracts, clients are betting on the price movements of the financial asset. We tested the Execution Speeds and the account opening process for various forex brokers and scored City Index 8 out of 15. While a dedicated account manager was automatically assigned, the account opening process took days, and establishing an MT4 account required intervention from the account manager.

• Combined with responsive customer support and a user-friendly interface, City Index continues to be a strong choice for those looking to engage in online trading.
• By doing this we hoped to nullify variations in better and worse-performing pairs by each broker.
• Also, £12 monthly fee is charged to accounts with no activity for one year or longer.
• City Index is also regulated to trade in the United Arab Emirates under their FCA license.
• All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
• City index offers retail investors and professional traders hundreds of lessons available at their fingertips.

To help prevent negative balance protection from needing to be activated, a margin call system is also used. When your margin indicator level drops below 100%, you will be notified by email to top up your account balance or close some trading positions. This means you need enough balance in your account across open and closed positions to cover your required margin to hold your position. Use the calculator below to compare City Index’s trading costs with competitors such as Pepperstone, Eightcap and CMC Markets, adjusting for trade size, currency pair, and base currency. Our broker reviews are reader supported and we may receive payment when you click on a partner site. Here are some frequently asked questions that traders and to-be traders often ask about City Index.

City Index assets and instruments

Client funds are held in segregated accounts, providing an additional layer of financial security. These regulatory bodies ensure that City Index adheres to high financial and operational standards, providing traders with security and trust when using its services. City Index offers some of the best trading tools and analysis to help traders perform better. City Index prides itself on providing excellent customer support, ensuring that traders can receive assistance when needed. With multiple communication channels and a knowledgeable team, City Index is committed to offering timely and efficient solutions to any inquiries or issues.

Commodities

City Index’s trading tools include high-tech trading platforms like WebTrader and MetaTrader 4 (used by millions of traders around the world). Traders can also access Performance Analytics, SMART Signals, Trading Central, Advanced Charts, and alerts to help them. The wealth of educational and analytical resources leads us to conclude that this broker is very suitable for new traders. That’s not to say that experienced traders can’t benefit from this broker, as the tools, high-tech platforms, and other features have a lot to offer professional-level clients. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools.

What is the minimum deposit for City Index?

In other words, City Index creates its own market for retail traders to buy and sell financial instruments. Other reputable Australian forex brokers which offer these types of strategies include IC Markets and Pepperstone, which both benefit from some of the lowest spreads in the forex industry. 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. With a minimum deposit of $25,000, this trading account would really appeal only to premium traders. Both accounts have no commissions with spreads from 0.5 pips, the only difference is the trading platform you use.

70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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. 71% of retail investor accounts lose money when trading CFDs with this provider. Experience with advanced trading tools, competitive spreads, and outstanding customer support. Every broker has its strengths and weaknesses, and City Index is no exception.

Ultimately, each trader must weigh the pros and cons themselves and choose what is right for them. Toni manages online teams and contributes to publications about technology and finance. She lives on the west coast of Canada, and spends a lot of time walking around looking at trees.

Both Android and Apple device users are catered for with separate Android and iOS applications. While the mobile app and responsive trader are not inclusive of all desktop features, most are available and built-in. The MT4 demo account also comes with 10,000 demo credits, along with access to the forex market. There is no minimum deposit to open a real trading account, although City Index recommends $/£/€100 to get started. Like other brokers, City Index offers a particular set of products in different countries, based on what they can and cannot do by law. City Index provides multiple account types, each designed to suit different levels of experience and trading preferences.

More, City Index offers various support materials, not including their main library of educational resources. City Index offers a standard trading account, a professional account (invitation only), and two types of demo accounts. These regulatory bodies ensure that the broker operates within strict financial and security guidelines, giving traders peace of mind regarding fund protection and trading transparency. City Index’s array of account types ensures that traders of all experience levels have the flexibility to choose the account that best fits their needs. Whether you’re a beginner starting with a standard account, a trader looking for the advanced capabilities of MT4, or a corporate client, City Index provides the tools and support to help you succeed. This financial services provider is publicly-traded, so it has to meet high standards of disclosure, reporting, and corporate governance.

Commodities – CFD

Users can set custom price alerts, build watch lists, and chat with customer service. The apps integrate TradingView for charting, allowing users to take full advantage of its advanced charting capabilities and extensive technical analysis tools. The order interface looks identical to the web programs, allowing adequate risk management while on-the-go.

He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.

You can trade precious metals like gold, silver, platinum palladium, and iron ore with a low fixed spread of 0.3 pts. The rally of the past two week on the ASX took a turn for the worse on Wednesday, on the warning (and official announcement) of Trump’s 25% tariff on non-US cars. The daily chart shows that momentum has turned lower around a resistance cluster, including the December low, 38.2%… No, you don’t but they may ask some question to ensure you understand the risks of CFD trading before accepting you as a client. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.

Combined with responsive customer support and a user-friendly interface, City city index review Index continues to be a strong choice for those looking to engage in online trading. Whether you’re just starting out or a seasoned investor, City Index offers the tools and resources to help you succeed in a dynamic trading environment. City Index’s Copy Trading feature allows traders to mirror the trades of experienced investors. This service provides an easy way for less experienced traders to access the expertise of successful professionals by automatically copying their trades in real-time.