City Index Review

City Index Review

However, we recognize that there are always ways in which we can improve and optimize customer experience. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

Deposit Options and Fees

The young man I spoke to on the phone closed it for me and was very helpful in reminding me where I should go to on the platform to close trades in the future. Quality of life encapsulates the wellbeing and satisfaction of a city’s residents, reflecting the intersection of various socioeconomic factors. This category provides insights into the liveability and attractiveness of a city, which can play a role in migration patterns, talent retention and the overall happiness of residents. A city’s economy plays a crucial role in its prosperity and attractiveness. Economic vitality is a fundamental aspect of urban development, driving a city’s wealth generation, employment opportunities, access to goods and services and much more. Our Economics category allows for an assessment of a city’s potential for sustained growth and development.

Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading!

Platform Features and Tools

In addition, City Index has several other customer safety mechanisms in place, such as city index review segregated funds, and negative balance protection. At TopBrokers, we appreciate how difficult it can be to choose a broker from the start. We aim to give as much information as possible, therefore making the trading journey smoother.

Exchange-Traded Funds

Market events can be tracked using the broker’s news monitor, economic calendar, and the Week Ahead reports. There are also opportunities to gain valuable insights into market sentiment by tuning in to webinars which take place on Monday and Friday where experienced traders share their view on market trends. It comes with all the features which would be required by an institutional trader or broker and screen layouts can be formatted to your preference. These favourite layouts can be accessed using both desktop and mobile devices making for a continuous trading experience. Part of the appeal of the WebTrader platform is the extent to which it can be customised.

City Index average execution speeds are as low as 0.02 seconds and 99.99% of all trades are processed successfully. Commodity spreads are also inline with the multi-asset broker peer group with oil spreads starting at 0.4pts, and spot gold spreads as low as 0.3pts. Professional – Designed to cater to high-net-worth individuals this account isn’t available to those who don’t meet the selection criteria. This broker doesn’t charge for withdrawals, however it does charge commission for CFDs.

Platform and Tools

The educational material encompasses a broad range of topics from lessons on how CFDs work and a trading strategy course that is valued at over $5,000. While you can bet on the same products as you can trade with CFDs, there are some differences to note between CFDs and spread betting. The first is that CFDs quote in pips while when spread betting, the quote is in points.

From comparisons to direct reviews, we have a range of resources to help you. Choosing a broker is a complex task requiring careful research and consideration. Making the wrong move can substantially affect potential gains, and in the worst cases, could lead to big losses.

• City Index is fully regulated by the Australian Securities and Investment Commission (ASIC).
• Analyze your trading tendencies, best and worst deals, top-performing markets, and much more.
• The City Index’s own mobile trading platform is very well designed and user-friendly.
• People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
• City Index provides access to both MetaTrader 4 and a proprietary platform, catering to a variety of trading preferences.
• There are no hidden fees or charges, and it allows trading in over 6000 global markets.

• Customer support is excellent, with fast response times and quality advice given.
• Another potential obstacle to some traders is the minimum account balance required to take part in EA hosting.
• In fairness a global issue today but for sure you can guarantee City Index always affected.
• Additional features which can be built into your bespoke set up include real-time news monitors, portfolio performance analytics, market analysis readings, and SMART signals.
• This platform has a number of trading tools, real-time charts, news feeds, and technical indicators.
• The broker’s proprietary Web Trader offers advanced charts, custom indicators, and fully customizable workspaces, but it does have fewer features and less customization than the downloadable AT Pro platform.
• Its head office is in the UK, however it also has offices in other countries, including Singapore.

You can only trade around 84 markets on MT4 through City Index, but if you just want to trade the major markets, City Index is a good broker for MT4 based on their regulation, service and pricing. And like CFD trading, when spread betting, there are no commission costs. Like with CFD traders, you will be able to use a guaranteed stop loss when using the City Index trading platform. In our latest awards City Index won “best trader tools” 2023 and has in previous years won best trading platform, best trading app & best forex broker in 2022. Access customer service 24 hours a day, 5 days a week from their local offices in Australia. Whether you have a question about your trading platform or a particular trade that has been executed on your account, City Index is known for being able to offer meaningful support when called upon.

Products can be navigated by scrolling through the screen, and trades can be executed in just a few taps. 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. The company does not charge commissions on spread betting or on any CFDs other than Stock CFDs. City Index offers CFD trading on 17 major indices from Asia, Europe, the US, and Australia, including Singapore Index, Wall Street, and Germany 30. As soon as you open an account with City Index you gain access to an impressive range of educational and research features which help the broker stand out from its peer group.

There are no fees charged by City Index on cash deposits and withdrawals made using debit and credit cards or bank transfers. It has instead built its client base by offering a range of additional services which enhance the trading experience. A 12-week demo account with 10,000 credits is available for both retail and professional traders to explore and make a clear decision on whether City Index is a worthwhile broker. Web Trader offers all standard trading platform features, such as historical data feeds and tools for monitoring open and closed positions and trading history. The charting feature offers dozens of technical indicators and precision drawing tools. A margin calculator allows traders to calculate the cost of placing a trade.