City Index Verified Reviews from Actual Traders

City Index Verified Reviews from Actual Traders

When trading forex and other markets on the City Index MT4 platform, you may take advantage of ultra-tight spreads, quick trade executions, and unique trading features. MT4 is available for free on the Windows, Android, and iOS platforms. On all platforms, you may trade immediately through your MT4 account. The MetaTrader 4 (MT4) trading platform includes a plethora of built-in capabilities that are supplemented by City Index’s service, support, and pricing. MT4, created by the Russian software company MetaQuotes, is possibly the most frequently used trading platform and is usually regarded as the most user-friendly.

Can you trade options with City Index?

You can access your account anywhere, anytime over desktop and mobile using a variety of platforms. As a City Index trader, you’ll have access to the following CFD markets. All assets available on City Index are traded as CFDs which means you never own the underlying assets. Use more than 80 technical indicators to help identify trends and trading opportunities.

See all City Index’s Indices

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Spread betting and CFD trading are available on options with City Index. Options give traders just that—an option—to buy or sell an underlying asset at an agreed-upon price on a certain date.

Executing Trades

Yes, City Index is a good platform for day trading as they have low spreads, access to a wide range of markets and intra-day trading signals provided by SMART Signals. To access the trading strategy course, forex traders need to open an account with City Index and make a minimum deposit. City index offers retail investors and city index review professional traders hundreds of lessons available at their fingertips.

• In our 2024 Annual Awards, City Index finished Best in Class in multiple categories, including Offering of Investments, Education, and Mobile Trading Apps.
• As with many other popular brokers, City Index offers several trading platforms to choose from.
• It is on-line, these things happen but the kid on the live chat’s approach was, all clients are wrong and stupid.
• It’s been building its client base for decades by offering a comprehensive service which supports trading in global and domestic investment opportunities.
• City Index rightfully deserves a place on any shortlist of brokers, but no service provider ticks all of the boxes for all traders.
• We provide broker reviews and ratings to help users find a suitable broker according to their own needs.

Those clients who are domiciled in Australia also benefit from their trading activity being within scope of the Australian Securities and Investments Commission (ASIC). For traders who enjoy trading in commodities, City Index offers access to gold, silver, oil, and natural gas markets. They offer a range of tutorials and videos for beginners who want to learn how to trade from the start.

In addition, the Markets in Financial Directive (MiFID) allows the company to operate as a regulated entity throughout the European Union. To read more about educational resources and the knowledge base, see the next section. One-click trading on mobile can also be enabled in a single tap via the top menu. For compliance purposes, City Index must transfer your funds back to the original source you used to fund your account.

City Index Trading Accounts

If you’re interested in exploring the forex market in the UK further, we’ve got you covered with our comprehensive guide to help bring you up to speed and expand your understanding of this market. Get a better understanding of how the markets work with our easy to ready “how-to” guides. City Index was founded in 1983 and is regulated by the FCA which means they have to keep client funds safe and segregated from their own money. 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 Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review.
• We note, that this integration is only available for Australian traders at this time.
• Other revenue streams include overnight financing charges, where City Index levies extra interest on top of what it lends you to trade on leverage.
• This broker offers access to the global indices market, shares in the London Stock Exchange, New York Stock Exchange, and NASDAQ.
• It is important to note that between 74-89% of retail investors lose money when trading CFDs.
• Any rates, terms, products and services on third-party websites are subject to change without notice.

Understanding the premium forex brokers on the market takes time and effort, yet it’s all well spent. In this City Index review, we aimed to provide all the necessary information for you to make a solid choice. The forex exchange market can be a complicated place, yet City Index makes it easier with a range of educational resources. This is one of the key standout features of this broker, and it sets them apart from many others. City Index provides forex trading with more than 80 currency pairs, including majors, minors, and exotics.

In Singapore, the broker is regulated by the Monetary Authority of Singapore (MAS) and accepts clients across most of Asia. City Index has a trust score of 67, from its regulation, reputation, and reviews. Should your required margin fall below 50% a margin, closeout will be activated.

Desktop and mobile accounts are linked so that traders can open and close the same trade on both devices. The Web Trader platform has been the broker’s core offering for many years. Users can select from a range of different colour configurations, set price charts to up to 14 different timeframes and take advantage of an array of impressive trading tools. Web Trader offers a user-friendly way to access the markets with the 80+ powerful trading indicators being stored in a retractable sidebar which can be easily accessed as and when they are needed. City Index works with a spread-based arrangement on most of its tradable instruments, and doesn’t charge commission. Spreads are quite competitive in comparison with other brokers, starting at 0.5 pips on major forex pairs.

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.