24 Jun City Index Review and Rating 2025 City Index Forex Broker information including Regulation and trading conditions
City Index’s demo accounts are excellent for experiencing the broker’s two trading environments without risking real money. Unfortunately, there is no zero-spread account, which would be ideal for active traders interested in trading small price movements. Withdrawals are also free of charge and the minimum withdrawal amount is $50 or equivalent in another base account currency. The maximum withdrawal that can be completed online in a single 24-hour period is $20,000.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider ifc markets review whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading Instruments Comparison
It only trails a handful of brokers in terms of its market offering, such as BlackBull and IG. Card withdrawals take between 3 and 5 working days and domestic bank transfers 1-2 working days. Investing.co.uk has been helping British traders find the right broker for over 20 years. Account charges are limited to a monthly inactivity fee for users that do not place a trade for 12 months.
City Index broker also offers bonds, ETFs, interest rates, and futures trading on various instruments. This wide selection allows traders to diversify their portfolios and exploit opportunities across different asset classes. Users can contact City Index via its UK-based phone hotline or live chat facility for problems that require additional guidance. Live chat operates 24/5 alongside the forex markets, whilst the helpline is available during UK office hours.
Additional Features
There’s also support through social media platforms like Facebook, X, Instagram, LinkedIn and YouTube. The in-house market news and analysis on its website are particularly valuable, keeping you updated on key events and market movements across forex, indices, and commodities. City Index provides access to a growing roster of over 13,500 global markets, a huge library that offers a broad spectrum of opportunities.
Trading Conditions
City Index offers its platforms in English, French, German, Polish, Chinese and Arabic language format. There are also a rich variety of in-trade execution options which provide a trader with impressive flexibility and control. TradingFinder.com assumes no responsibility for any potential losses or damages.
By navigating to the research tab, you can access detailed and cryptocurrency broker canada actionable technical and fundamental analysis. What I also like best about this highly customizable charting platform is its 100% synced layouts, watchlists, and settings across desktop and mobile devices. One of MetaTrader 4 (MT4)‘s standout features is its support for APIs, which enables automated trading through Expert Advisors (EAs). This functionality is invaluable if you want to execute strategies around the clock without manual intervention. One of the platform’s standout features is a fully customizable trading workspace, which allows me to tailor the interface to my preferences for easy management across multiple trading windows. Notably, City Index does not charge for deposits and withdrawals, though the minimum amounts are a little higher than the industry average.
- All content on this site is for informational purposes only and does not constitute financial advice.
- It can take up to five days to withdraw funds to a card, while bank transfers are usually completed within two working days.
- The training programs are designed based on tools for traders of all levels, from “beginner to advanced.”
- Stock (CFD) trading incurs a commission of 0.08%, with £10 for UK shares, €10 for European shares, and $10 USD for US shares.
Profits must be withdrawn to plus500 review the original funding source and there is a minimum withdrawal limit of £100. It can take up to five days to withdraw funds to a card, while bank transfers are usually completed within two working days. City Index enforces a margin call on orders once margin levels fall below 50%, as per regulations. Investors are alerted when margin levels reach 80% to give them ample time to provide more capital or close their position. The acquisition of City Index by NASDAQ-listed StoneX Group in July 2020 has had little impact on the policies and running of the broker since it was announced.
Markets
This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets. To open an account with City Index, traders may need to provide documents to verify their identity and financial status. Prospective customers can open a risk-free practice account to trial CFD speculation or spread betting with no money on the line. Disappointingly, login is not protected by two-factor authentication for the UK brokerage, even though the Singapore sister platform supports 2FA. A separate login is used for MT4, which adds an extra layer of protection for account access.
- City Index offers a fairly extensive education and research resource including well-made videos and articles.
- City Index provides fuel, metal and soft commodities markets in both spot and futures form, including UK Crude oil, cotton, gold and platinum.
- The minimum bet size is 50p per point and spread betting has no commission charges on any assets.
- It’s also worth remembering that financing charges apply to positions held overnight, a standard practice in the industry when trading forex and CFDs.
- Whether you want to learn how to implement a trailing stop loss or how to use the news to make price predictions, webinars, seminars and written content are on hand.
The firm will retain its FCA regulation and the entire range of 13,500+ markets and services. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website.
As well as the industry standard MT4 trading platform traders can also opt for City Index’s own custom ‘Web Trader’, a browser-based platform developed in-house. Finally, more advanced traders have the AT Pro platform, a professional trader-level piece of software that comes with an additional range of ‘powerful analysis tools’. Spread betting on the City Index platform can be utilised for indices, shares, commodities, bonds, interest rates and forex trading. The minimum bet size is 50p per point and spread betting has no commission charges on any assets. Established in the UK in 1983, City Index is one of the world leaders in spread betting, FX and CFD trading. With over 13,500 markets to choose from our clients have access to trade and invest across a range of products to suit their financial goals.
City Index has garnered strong trust scores and positive reviews across various platforms. This broker received a 4.1 trust score from over 300 reviews on the Trustpilot website. The general consensus among reviewers is that City Index is a reliable and well-regulated broker with competitive offerings. Each account type has its own set of features and requirements, so it’s crucial to choose the one that best suits your trading goals and experience level. It’s also worth mentioning that City Index offers demo account but swap-free Islamic account.
What is the maximum leverage in City Index broker?
As an FCA regulated broker, City Index users have access to the financial services compensation scheme, which protects funds for up to £85,000 in the event of platform liquidation. Additionally, client funds are held in segregated bank accounts and not used to hedge positions. There are two trading platforms to choose from for City Index clients and several mobile app offerings for on-the-go access to the markets. The service offered is to an extremely high quality both in terms of trading platform software and choices as well as pricing, trading conditions and customer service. Additional resources such as tools, research, education and news meet a high standard. For EUR/USD CFDs the minimum spread offered is 0.5% and the average spread 0.69% based on the time-weighted average from all quotes over the first quarter of 2017.
Fees & Commissions
This fee stands at £12 per month but does not apply to accounts with a zero balance. City Index is far from a standard forex and CFD broker and surpasses many competitors in its diverse range of financial products. If you have experience trading with City Index please share your personal review of the broker and what you think are strong and weak points. However, comparing its offerings to those of other brokers will help you decide if it matches your needs. Podcasts would further enrich the experience for traders like me who like to listen on the move.
Historically, these assets have provided a haven for wealth through turbulent economic periods. As a result, many experts believe that diversification into precious metals is an essential part of any portfolio. While it’s not a scam, as with any trading platform, it’s essential to understand the risks before trading.
Open a City Index account and benefit from competitive spreads and fast, reliable execution. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare City Index with the top 3 similar brokers that accept traders from your location.
In indices trading, major indices like the FTSE-100 and Dow Jones 30 have spreads starting from 0.4 points, which is competitive. The minimum deposit to fund an account is $100 or equivalent in other major currencies eg. No charges are applied to deposits by City Index though credit card providers may apply a charge to cash deposits made via their cards. In 1997, Michael Spencer acquired City Index from its original founders and owned the company until 2014 when it was sold to GAIN Capital, a financial services company based in Bedminster in the USA.
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