Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. city index reviews City Index provide deposit and withdrawals via wire transfer, credit/debit card and PayPal. You can manage your account easily through their secure funding portal. I would like to see them include some more online payment processors.
CFDs On Indices
Archived webinars such as the “Become A Trader” series are also available on City Index’s YouTube channel. We are grateful that you took the time to share your review with us. We will make sure your customer representative Andre receives your kind feedback. We are continually looking at our pricing and other ways in which we can lower the cost of execution. There is no response from customer service regarding the amount withdrawn about a month ago, and I have not received it yet. I have contacted them via email and call, The service is getting worse day after day.
How do I open an account with City Index?
Commodities provide an alternative vehicle for investment, with inflation and global supply and demand primarily affecting value. City Index provides fuel, metal and soft commodities markets in both spot and futures form, including UK Crude oil, cotton, gold and platinum. This charge applies to CFD and Forex trading, where transactions may involve currencies other than the account’s base currency. Spread betting accounts are unaffected since trades occur in a single base currency, often the pound. MetaTrader 4 (MT4) is also an option for traders comfortable with the industry standard.
Account funding at City Index
They have an informative section dedicated to training that contains helpful information and guidance both for newer, and more experienced traders. Trading under MAS regulation only you may redeem 1 year of free access to The Wall Street Journal. This includes WSJ.com on any device and includes WSJ+ premium benefits program with fantastic additional events and offers.
- The City Index MT4 platform is seamlessly incorporated with cutting-edge trading tools.
- At this point, the broker will automatically exit some trading position till the threshold is no longer crossed.
- The inactivity charge is collected from the account balance and varies by currency.
- City Index offers a substantial range of markets with 84 forex pairs and 13,500 tradeable symbols, significantly higher than the industry average of 3,623 symbols.
- We appreciate your review, and we are happy to hear that you are enjoying our trading platform.
A firm favourite for CFD and spread betting is index investing, with the instruments functioning as an accessible way to speculate on the overall health of a specific country or market. City Index supports 21 global spot and futures index markets, including the Australia 200, Germany 40 (DAX) and UK FTSE 100. Today, City Index is a well-established multi-asset brokerage with operations in the United Kingdom, Australia, Singapore, and other areas. City Index portrays itself as a market leader by emphasizing modern trading platforms, reasonable pricing, and a wide range of training materials.
Always advertising on billboards in the City, always having a colourful client base, always being bought and sold at the whim of billionaires and bigger boys. Back in the good ol’ days, you could open an account and put on a million-dollar trade over https://traderoom.info/ the phone with no ID, no deposit, and no idea. 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.
While you cannot extend the demo account beyond the available period, you can apply for a new one if you feel you need it. Specific to forex, you will find a sizable total of 84 currency pairs available at the moment. These have a good value tight spread that starts from 0.5 pips depending on the pair you would like to trade. City Index is a hugely experienced broker and part of the StoneX group. They were founded in 1983 in the UK making them one of the longest-serving brokers in the industry. Put the knowledge you gained from this forex broker review to good use by opening a City Index account now in a matter of minutes.
More than 20 options markets are available with daily, monthly, and quarterly options contracts tradable and low starting spreads. This spread can start from as low as 1 pip on options like the UK 100, Germany 30, and Australia 300, and from 1.6 pips on the S&P 500. The spread here remains tight and starts from only 0.5 pips with the average spreads being 0.8 pips on the EUR/USD, 0.9 pips on the AUD/USD, 0.8 pips on the USD/JPY, and 1.8 pips on the GBP/USD. This starts after 36 months of inactivity, or 12 months inactive as a professional trader. This means they offer services in the majority of countries around the world.
Queen Denise k helped to escalate my account creation request which resolve my issue And joseph K managed to get my connection back to queen Denise although I had lost connection earlier. Thanks to these 2 dedicated support team members for the seamless chatsupport. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets.
This ultimately makes it a very accessible account type and with excellent value spreads that stay tight and start from 0.5 pips on forex or 1 pip on major indices. The average spread on the EUR/USD with this account type is 0.8 pips and no commissions are charged with the exception of shares. A demo account is the best place you can get started either as a new trader trying to learn or as a new client checking out the broker. At City Index, you can choose between a demo account that replicates their CFD, spread betting, joint CFD, and MT4 accounts. City Index stood out from the crowd during this review thanks to its extensive educational and analysis materials. To help you to identify more profitable trading opportunities, you can view charts that feature price history from the past 16 years.
This means that the broker support team is available and can be contacted in different languages depending on both your needs and where they operate geographically. The performance analytics feature can help you in analyzing your trading history and provides insight based on three elements. Real-time price alerts mean you are always in the know, and updated news from Reuters within the app means you will be able to see the news that may move the market right away.
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Left an open position for xmas period as I did not want to close at a loss. At this rate by the time of opening of the indicative market I will be close to having £500 deducted.Absolutely no justification for this and no one to talk to. Possible 2 reasons the first could be additional and unreasonable interest charges the 2nd could be an error. I will attempt at the first opportunity for them to respond officially and I will update accordingly.
