City Index Review in 2024 Spreads & Fees Compared

But over the years, as traders and investors have become more educated and akin to taking more risk, City Index now takes on more and more private clients. The broker offers central counterparty clearing on “certain markets” through the Omnibus Segregated Clearing Account (OSCA). A separate application is required to gain access to this account functionality. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. 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. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.

Trading platform

1. There is a City Index trading academy with trading guides covering everything from an introduction to the different financial markets to trading strategies and chart analysis.
2. In addition to the hundreds of built in tools, you can download thousands of free customised indicators, scripts and EAs.
3. You will receive £10,000 in virtual funds to practice trading across a wide range of markets, all without risking any real money.
4. Spreads are quite competitive in comparison with other brokers, starting at 0.5 pips on major forex pairs.
5. These upgrades, on top of an already well-proven system, give this version of the MT4 platform versatile function while keeping it relatively user-friendly.
6. In addition, there is a significant online MetaTrader community where users from all around the world discuss trading tools, methods, and signals.

The broker has easy to use platforms and flexible trading conditions along with ever-green customer support which make it a user-friendly environment for every user, regardless of your investment size. City Index enables you to practice on demo accounts and enjoy almost zero commissions. The minimum deposit requirement is as low as 100$, which is very reasonable when compared to their direct competitors. To fully review City Index, we put together a set of criteria to measure the broker against. This includes regulation, trading platforms, tools, tradable instruments, fees, customer support, educational resources, and other additional features.

City Index Trading Platforms

Since then, the platform has had a few upgrades and long-term investment products will hopefully be added shortly. City Index scored well in most review categories, but flaws are still evident, including confusing and conflicting options-fee disclosures, a lack of volume discounts, and no secondary insurance coverage. We use dedicated people and clever technology to safeguard our platform.

However, no brokers are without their downsides and City Index is no different. While it does have Standard and MT4 accounts available, it lacks range and could be limiting for some. For that reason, it’s important to assess all options before making a choice. Most City Index reviews state that while most users are satisfied with the accounts offered, they wish there was more choice. This is a point reiterated by many industry experts, who also praise this broker’s educational focus. Strong regulation is another point industry experts point to, along with the longevity of this broker that gives extra peace of mind.

Community Reviews and Expert Recommendations

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. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.

It’s been building its client base for decades by offering a comprehensive service which supports trading in global and domestic investment opportunities. The fees for stock CFDs are high and the desktop trading platform is not user-friendly. Broadly speaking the pricing terms offered by City Index are competitive and in line with the peer group. When setting up to enter any of these markets there is a choice of accounts with each one designed to support a particular style of trader. City Index provides customers dedicated 24/5 customer support in over 180 countries. Traders can contact City Index customer service by phone, email, or live chat.

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. The trading strategy course is divided into three main sections and is intended to accelerate the learning curve of a novice trader. This set of common questions will provide answers and solutions for most issues. When more rigorous support is needed, however, City Index’s staff is there to help. Traders are able to speculate on a broad array of bonds and interest rates including US T-notes, UK Long Guilts, Euro Bund markets, and Eurodollar and Euribor rates. City Index has a trust score of 67, from its regulation, reputation, and reviews.

City Index is a well-established and fully regulated broker that offers over 450 tradable instruments across different asset classes. They provide advanced trading platforms, tools, and educational resources. City Index offers guaranteed stop-loss protection for a premium as well as a sophisticated set of conditional orders within their trading platforms. Oddly, the firm’s small Singapore branch utilizes two-factor authentication for added security, but this useful feature wasn’t found at the U.K.

1. 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.
2. 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.
3. This is an EU regulation aiming to enhance protection and fair competition between providers.
4. They are one of the most well-regulated brokers that you will find, along with IG.
5. Regardless since these prices are both matched to the same underlying instrument, the price is the same, just to a different decimal.

Discover Short-term trading opportunities with the City Index by speculating on interest rate movements through CFDs or spread bets. Enjoy competitive pricing with spreads starting from just 0.02 points. You can trade across diverse financial markets, including Eurodollar, Euribor, and Short Sterling rates, and profit from both rising and falling interest rates. Trade bond markets like the UK Long Gilt, Euro Bund, and US T-Bond with ultra-tight spreads starting at just 0.02 points.

This means makes it possible to find all the information you need on the broker’s site but is backed up by the security of having informed and helpful City Index staff on hand should they be needed. With the exception of the MT4 account which is dedicated to users of the MetaTrader platform the rest of the accounts all provide access to a range of award-winning trading dashboards. One platform which deserves a special mention is the highly regarded TradingView dashboard which is establishing a position as one of the markets top dealing boards. It has the same user-friendly functionality of regular platforms but is packed full of powerful analysis tools which can be applied to state-of-the-art price charts.

City Index makes money through https://traderoom.info/city-index-forex-broker/ charging commissions (either added to CFD trades or built into the spreads of financial spread bets). Other revenue streams include overnight financing charges, where City Index levies extra interest on top of what it lends you to trade on leverage. City Index has its own trading platform called Web Trader but also offers trading via their mobile app, TradingView and MT4.

However, the MT4 account requires a $250 minimum deposit for those using credit and debit cards. City Index doesn’t charge deposit fees and there are no withdrawal fees. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings.