City Index Regulation And Support
City Index offers two trading platforms that will be determined by the type of trading account chosen. Head over City Index Review to day trading blogs, forums or read newsletters and you’ll see an increasing concern about user security.
City Index is a global Forex and CFD broker, giving Australians easy access to financial markets for more than a decade. City Index is a brand name synonymous with global trading expertise, boasting 30 years of experience and now owned by NYSE listed parent company, Gain Capital.
Platform Walkthroughs
While average spreads are higher on MT4 than its proprietary platforms, in our testing, City Index finished Best in Class overall for cost. You must understand that Forex trading, while potentially profitable, can make you lose your money. The platform also supports ‘One-click dealing’ which can increase the speed of execution to make sure you don’t miss out on trading opportunities. If this isn’t for you then you can always switch to double-click dealing. Most of the screen layouts are customisable and you can even embed multiple charts into platform screens which is useful if you wish to watch multiple charts at the same time.
Not only are the spreads low and highly competitive with other brokers, but they also have a wealth of experience and a good reputation. Having won Best MT4 Broker at the 2017 UK Forex Awards in addition to many other awards, they look after their client base and encourage sensible trading with access to a wealth of information to assist you. Large, established and well-regulated City Index Review – City Index are not dissimilar to their market maker peers, CMC Markets and Plus500. Tight spreads and great platform choice help City Index stand out, though its education and analysis sections are underwhelming. We would also like to see one or two more account options, but overall City Index is a good choice if you are looking for a large and established market maker.
So once you have built up your confidence and got good at a couple of strategies, you can then close your spread betting demo account and start funding your live trade account. City Index Review If you prefer to trade within your browser, then you will want to choose the City Index web trader which has recently been upgraded and is in fact award-winning.
Of course, this will differ depending on which asset you choose to trade in. If you are trading in exotics or minors, the profits can be higher than if you focus on the major instruments.
In the sections below, you will find the most relevant fees of City Index for each asset class. For example, in the case of forex and stock index trading, spreads, commissions, and financing rates are the most important fees. His aim is to make personal investing crystal clear for everybody.
Spreads
- These include access to the company’s award-winning platform, 24-hour trading support, competitive pricing, the guarantee to never lose more than your deposit, and access to news, analysis, and education.
- City Index is a multi-asset broker that has been operating in the markets since 1983 and is regulated in the UK , Australia and Singapore .
- From those early times, through to the current day it has prioritized developing the user experience of its traders and now has offices in London, Dubai, Shanghai, Hong Kong, Singapore and Sydney.
City Index offers their standard account, for which the minimum deposit is £100/$100 followed by £25/$25 for subsequent deposits. You will encounter zero commissions on spread betting and CFDs, aside from equity CFDs. Despite promising reviews, trading from your phone only would mean you miss out on the comprehensive functionality offered by the desktop platforms. More experienced traders may prefer City Index’s more sophisticated platform, AT Pro.
It is unlikely that traders will require assistance at this well-operated broker, but it is easily accessible in case a need arises. City Index ensures traders have access to a high-quality trading environment developed with cutting-edge tools to generate a competitive edge. Besides core assets, traders have access to a wide range of secondary markets. This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments.
With other fees at the broker, deposits and withdrawals are generally maintained as fee-free as possible. There is however an inactivity fee in place if you have not traded for more than a year. This fee will be £12 per month after a non-trading period of a year, and is a little high compared to some other major forex brokers.
You have multiple options when it comes to how you trade with City Index. With a selection of desktop, cloud and mobile based apps available, https://forexbroker-listing.com/ you’re never far from your City Index account. Access chart live streaming, full access to markets and live updates at home or on the go.
How To Withdraw Your Money From City Index
Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader City Index Review is not using leverage. Clients may e-mail City Index, use the webform, call the help desk, or utilize the live chat function.
This also avoids limitations with the number of trades that can be opened at any given time. Such advantage warrants this broker with a Minimum Lot Size score of 4/5.
This sounds straightforward enough but is done so well that it’s something of a standout feature. During testing, we found having the analysis tools so close to hand encouraged us to re-evaluate our trading and constantly consider what enhancements could be made to our strategies. As you’d expect with a recently City Index Review rolled-out system, the functions and layout all feel up-to-date and are hard to put down once you have picked them up. They have been providing mobile trading since 2009 and have been winning awards in this area since 2010, when they were awarded Best Mobile Trading Platform by Money AM Online Finance.
Its success based on its reliability, accuracy and powerful charting tools. Coming under the umbrella of the general trading account means traders can also trade on margin and don’t need a stand-alone crypto wallet. Clients looking to engage with other traders to share strategies news and trading ideas would do well to research the MetaTrader site for the countless opportunities to be found there. At the entry-level is the market standard ‘news calendar’ but even here there is a slight upgrade to the service which can be filtered to trader preference and comes with a glossary of terms.
The AT Pro platform is an impressive piece of software and requires downloading. While having a distinctly different feel to the Web Trader platform, the AT Pro is still sufficiently user friendly to accommodate beginner traders.