Full customization allows traders to approach markets based on their preference, design their workspaces, and directly transfer their settings from one device to another. Superior trade execution, choice of order types, including partial closures of positions and hedging tools, provide traders with additional tools to increase profitability. This broker derives its bitbuy canada review revenue from spreads and commissions. The spread betting and MT4 accounts feature competitive spreads, as low as 0.5 pips in the EUR/USD and 1.0 points in indices. Commissions apply on equity CFDs, and are as low as 0.08%, but no less than £10 or the currency equivalent. Corporate actions are passed on to traders, while overnight financing charges also apply.
There are several unique features of trading with City Index, but perhaps the greatest is their longevity and their reputation. They also look after their customers with support for beginners and some great charting tools with customisable charts and 80 different indicators. There is a choice of platforms available across both desktop and mobile.
Trading Tools & Analytics
CITY INDEX is a broker that uses high-frequency trading to increase profits. They also offer trading tools such as spreads, scalping and trading. I haven’t output it yet, I’ll see how the output will occur.. So, maybe I will stay with them to trade, if everything continues to be OK. The broker boasts a large set of trading tools, including hedging and scalping. It is also possible to choose a convenient model for work here, which many other brokers do not offer.
However, they offer central clearing on “certain markets” as a free service that requires an additional client application. Video Module – Six videos are available as a training tool, and a television show for beginners is spread out over 6 weeks. Generally, investor accounts lose money due to a lack of skill sets of traders.
For example, you can see what the EU employment data means and how it has changed over time. Technical indicators to choose from, which is an impressive selection. Indicate your trading experience and fill out a test on your knowledge. City Index is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.
The news feed is great, with news from high-authority sources like Reuters, as well as City Index’s team of experts. The City Index minimum deposit is £100 for all countries, and there is a monthly inactivity fee of £12 for accounts that have been idle for a year or more. New account applications are processed by a four-step online form. The required information is standard operating procedure and grants traders access to the back-office. Per regulatory requirements, a verification process to satisfy AML/KYC requirements are necessary.
Is City Index a good broker?
In general, the platform looks reliable and focused primarily on convenience. With many more features and customization options, AT Pro is a more complex platform than Web Trader. It is geared for advanced traders who can utilize the potential behind AT Pro’s 130+ indicators and 25 drawing tools, as well as other advanced functions.
Withdrawals do not incur any fees unless a user needs a CHAPS payment. In that case, there is a £25 fee if the payment is lower than £5,000. City Index has a competitive pricing schedule when it comes to forex and stock index CFDs. Stock CFD commissions are higher but you can get some of the best overall prices in the industry if you trade on City Index’s proprietary platform. This account is available to clients who have a history of working as a professional in the finance sector for more than one year.
Once the account base currency is set, you can fund your account only with the same currency. We also compared City Index’s fees with those of two similar brokers we selected, CMC Markets and ETX Capital. This selection is based on objective factors such as products offered, client profile, fee structure, etc. The fees for stock CFDs are high and the desktop trading platform is not user-friendly.
Ratings and Reviews
With a proven track record of strong financial results and stable growth, Tickmill has put itself in an enviable position as a trusted market leader… We are fully licensed in multiple jurisdictions worldwide, including the Financial Conduct Authority in the UK, holding us to the highest industry standards of accountability and transparency. Your funds are protected up to £85,000 by the Financial Services Compensation Scheme . See a breakdown and explanation of our charges, including our spreads, commissions and overnight financing costs.
How do brokers make money from CFDs?
The first, and indeed the most transparent, way in which CFD brokers make money is through the spreads quoted on each market, thus traders benefit from the lowest spreads. This is a way of making money from the trader, but in a way that is effectively built in to the DNA of the CFD transaction.
CityIndex offers an average number of trading tools compared to other similar brokers. CityIndex’s trading platform support is average compared to other similar brokers. Otherwise, CityIndex’s demo account has all of the features and platform choices of the live account and is a good way to learn more about City Index as a broker. British traders are eligible to open an account at CityIndex but have to follow the four-step account opening process. CityIndex offers individual, joint, and corporate accounts, but we will focus on opening an individual account. Yes, CityIndex is a safe broker for British traders to trade with.
City Index review Safety
However, the exact terms for getting this invitation are unclear. City Index is owned by Gain Capital and regulated by multiple tier-1 regulators. GAIN Capital acquired City Index for $118 million in late 2014.
I never believed in bitcoin recovery because I was made to understand that it is not possible. But sometime in DECEMBER I fell for a binary options scam which promised a higher return and I lost close to $75,000. I read an article on as regards to a recovery expert and genius so I reached out to SCAM RECOVERY SITE, and to my surprise I got all bitcoins recovered within 24hours frame. Educational resources are especially high quality and great for beginner investors, as well as more experienced traders, and the research resources are also top-class.
The help and support FAQs are well-organized, allowing for quick retrieval of needed information. Withdrawals are free and no minimum deposit is needed to open an account. However, £12 per month is charged to accounts with no activity for one year or longer. Withdrawal and other fees are fully disclosed on an easy-to-read pricing page that contained few omissions. Forex brokers list, where we have covered brokers suitable for every trader. Once you go through this complete training program, you will know why retail investor accounts lose money and what you should do to avoid this possibility.
Other websites of this company include cityindex.com, cityindex.eu, cityindex.com.au, and cityindexasia.com.sg. Your best bet is to register a practise account and see how it performs during NFP’s or some similar high volatility market event and decide for yourself. Also at times of intense activity the app has frozen up on me. I prefer IG for a few reasons but I have no reason to not trust this company or their app.
Yes, our City Index review explains that the broker is regulated by the FCA , ASIC , and MAS . This high level of regulation provides peace of mind for clients. It also includes access to the FSCS compensation fund for UK clients. You can use them to create an order, make a personalized watchlist and analyze markets through a chart. Your position can be displayed on a chart, which can also display your orders and stop loss.
Do CFD traders make money?
Simply said, trading CFDs can earn revenue. The long and more practical answer is that if you want to do well in the market, you must first polish your trading skills and have a lot of discipline, practice, and patience. You will have a successful CFD trading career if you follow these guidelines.
The above markets include City Index’s DFT (daily-traded funds) markets. City Index does NOT offer CFDs to traders from, United States, Brazil, Belgium, Hong Kong, and Japan, where CFDs are not permitted by law. Based on which country you live in, City Index may refer you to their sister platform, Forex.com to open a forex account.
City Index Singapore at a Glance
Articles can be filtered by topic, author, and asset class so finding relevant Forex news and analysis is not difficult. With sections for beginners and more advanced traders, CityIndex’s educational materials are excellent compared to other similar brokers. Real-time price alerts, allowing floor trader pivots traders to stay ahead of every market move with live notifications, updates, and more. Once your documents have been verified by the customer support team, you can log in and fund your account. Some of the most overlooked trading costs are the non-trading fees that are charged by brokers.
That is why our team of experienced traders and analysts have done the hard work for you offering our view of what this broker has to offer. With many aspects tried day trading restrictions and tested, we can help you to make an informed decision. The more experienced traders who meet certain criteria can apply for the “Professional Trader” account.
I have been trading quiet a while with City Index and am quiet happy with the reliability of trading platforms. Recently I contacted my accounts manager for some statistics regarding my trading performance going back to January 2020. My accounts manager promptly supplied me this information which otherwise would have taken me hours to extract from monthly statements.
I found the accounts to have tight spreads, low margin requirements and fast trade execution speeds. Through City Index, you can trade on over 12,000 global markets with a Spread Betting, CFD Trading or MT4 account. Trading instruments include over 80+ FX currency pairs, 20+ Indices, 4,500+ Global Shares, 25+ Global Commodities, Cryptocurrencies including Bitcoin and other markets . It can be a good idea to opt for a trading broker who offers so many different markets and trading instruments in case you wish to branch out and diversify your portfolio in the future.
This account is by invitation only and includes all of the above but gets you the added benefits of a priority service, a relationship manager, and invitations to premium events. You will also receive a dedicated broker to help you with your trades. To qualify for this account, you will need to be an active trader with a balance of more than 10,000 USD in your Trader Account. You will need to prove your skills at trading before being given the option to open a premium account. With this account, you will benefit from negative balance protection which means that you can never lose more than what you have deposited and margin close outcomes as standard.
Got all my funds recovered after weeks of getting in touch with them… over $256,850 recovered after my trust wallet account was being hacked and manipulated. I was scammed twice before by fake recovery company who said they could help but didn’t. In order to reach a human representative through live chat, you must write the word “agent”. The FAQ section on their site is well-designed and comprehensive, which means you can get helpful information quickly, without digging through the entire web page.
Forex.com is another trading broker under the same umbrella which further emphasises the size of the company. I am one of those whose account has been transferred from GFTUK to City Index. Last Thursday it was first time I actually traded on their MT4 platform. I had awful experience with their services, their platform MT4 and Web freeze through out the afternoon, this has psychologically screwed me up a bit. I don’t know the real reason behind this, I will continue to test their services in the coming weeks, if I am not happy I will move on.
Not only are the spreads low and highly competitive with other brokers, but they also have a wealth of experience and a good reputation. Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others. Accounts can be opened in a good range of currencies including USD, GBP, EUR, CHF, JPY & NZD. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. AT Pro is designed for advanced traders who need more powerful analysis tools with improved speed and efficiency.
The powerful City Index Advantage Web platform features advanced customisable charts with a range of intelligent trading tools and custom indicators. It incorporates fast and reliable HTML5 technology for a reliable trading experience. You can configure and personalise multiple workspaces with the ability to switch between workspaces in a single click. The online platform has smart trade tickets that include trade risk management.
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. In its offices across Europe and the Asia-Pacific, there are multiple options for traders who open a trading account to enter global markets. These include over 4,500 CFDs, 65 spot Forex pairs, and 15 forwards spread over multiple trading platforms.
A detailed section is also provided on CFDs and why you should trade in CFDs with this provider. City Index provides rich education and training content that will help avoid investors’ accounts lose money, regardless of whether they are beginners or professional traders. There are several categories to the education and training module of City Index.
Retail investor accounts lose money mainly due to a lack of required knowledge and expertise about trading. Here, City Index has a strong social media presence to spread research and marketing materials so that traders can quickly pick up the ropes about trading on each platform. The City Index mobile tools have charts driven by Trading View. There are more than 80 indicators and drawing tools to help in technical analysis so that you can sharpen your trading skills and afford to take a high risk at times. Trading Central is also directly linked to the mobile app of the City Index platform. Users benefit from several advanced modules, such as Featured Ideas, Analyst Views, and the Technical Insights sections.
You have to type ‘agent’, after which the chatbot offers to connect you with a sales or support agent. We liked the ‘Platform tips’ option on the menu, which provides a demo of the mobile platform’s functions. Another great feature is the embedded economic calendar, which has advanced filter options and can be customized on a high level. You can use City Index’s own or the MetaTrader 4 mobile trading platform. In this review, we tested City Index’s own mobile trading platform. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee.