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City Index

city index
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4.5

4.5/5
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city index

4.5

4.5/5
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City Index Online Broker Review: A Comprehensive Analysis

FCA

Regulation

05616586

License

Customer Support

city index

City Index

4.5

4.5/5
city index

City Index

4.5

4.5/5

Overview

Introduction

Embarking as a notable player in the forex brokerage landscape, City Index aims to be your go-to platform for seamless trading experiences. Whether you’re a novice or seasoned trader, City Index is designed to fulfill your every trading need, including cryptocurrency transactions. This review delves into every aspect of City Index, providing valuable insights to simplify your decision-making process.

By highlighting its features, strengths, and offerings, this assessment aims to assist you in finding the perfect broker for your trading journey. Welcome to City Index: where trading meets convenience and efficiency.

Broker City Index 
Website https://www.cityindex.com/en-uk/
Registered Country London, United Kingdom
Founded In 1983
Regulation Financial Conduct Authority (FCA)
Trading Platforms Mobile App, web trader, MT4, Trading view
Minimum Deposit $150
Maximum Leverage 30:1
Spreads Starting from 0.5 Pips
Demo Account  Yes
Islamic Account No
Payment Methods debit card, credit card, PayNow, internet banking, or bank wire transfer
Customer Support 0203 194 1801 or 0800 060 8609
Email: [email protected]

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city index
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Our recommendation: Trading at City Index

Advantages and disadvantages of City Index

Account types offered by City Index

Standard Account:

A standard account with City Index allows trading on more than 13,500 markets via their award-winning platforms and apps. Take advantage of highly competitive pricing on many of the markets traders love, as well as advanced TradingView charts sporting more than 80 technical indicators. You also get round-the-clock customer service through live chat, email, and phone.

MT4 Account:

The MT4 account enables trading in thousands of global markets with extremely tight spreads through the popular trading platform, MetaTrader 4. With this account, you will have access to more asset classes, including indices and commodities. You can trade over 80 currency pairs, use customized indicators and drawing tools, and get integrated news and analysis. Expert Advisors from FX Blue are also available for advanced trading strategies.

Corporate Account:

The corporate account at City Index is meant for both retail and institutional investors. With this type of account, access is provided to more than 13,500 markets, and one can even deposit money from a corporate bank account or card. In addition, it allows for the creation of multiple users; several traders can work with one account. This type of account is meant for businesses that need the means to arrange their investment and trading activities efficiently.

How to open an account in City Index?

How to open an account in City Index

Step 1: Visit the City Index Website: Navigate to the City Index website and find the account creation section.

Step 2: Click on the option to create a new account.

Step 3: Enter Your Email Address: In the provided field, enter your email address.

Step 4: Choose Email Preferences:

Select “Yes, I’d like to receive emails” if you want to hear about news, products, and offers.

Select “No, I don’t want to receive emails” if you do not want to receive these communications.

Step 5: Click the “Submit” button to proceed with your application.

 

Login with City Index

Login with City Index

After opening an account from the website, you can log into City Index using your email address and password.

 

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city index
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Our recommendation: Trading at City Index

Fees, Spreads and Commissions

Rollover Fee: Varies based on the asset.

Margin Interest: 3.33% for most forex pairs.

Pricing:

  • Spreads: Start at 0.5 for EUR/USD pairs, and major indices can be traded with spreads starting from 0.3 points.
  • Commissions:
    • Local shares: 0.08%.
    • US shares: Start from 1.5 cents per share for SG and 2 cents per share for AU.
    • Spot gold: Spreads start from 0.5 points.
    • US crude: Spreads start from 1.5 points.

Markets:

  • Indices: Access 40+ major global indices with spreads from 2 pips on Wall Street. Includes sector and thematic indices.
  • Shares: Trade over 6,000 global share CFDs with low commissions starting from 0.08%. Includes IPO Markets.
    • Spread betting: No UK capital gains tax or Stamp Duty, and no commissions on shares.
  • Forex: Low trading costs with EUR/USD starting at just 0.5 points. Trade more than 84 forex pairs, including exotics, majors, and minors.
  • Commodities: Trade from 40 different markets with low trading costs, including precious metals and simplified spot contracts.

 

Leverage

At City Index, rules say we must follow certain margin requirements for each market, so you can’t change how much leverage you get on your CFD trading account.

For big-time traders, like pros, when they trade foreign exchange (FX), they need to have at least 0.5% of the money they’re trading. But for regular folks, it’s higher at 3.33%.

These rules are there to make sure everyone trades fairly and follows the same standards. Even though you can’t choose your leverage, City Index keeps things safe by following the rules and looking out for all traders.

Withdrawals and Deposits at City Index

Deposits:

You can deposit funds to your CFD trading account in the following ways: a debit card, credit card, PayNow, internet banking, Bill Payment, or bank wire transfer. Do this by clicking ‘Account Funding’ tab from the trading platform or the Deposit section in MyAccount click on Funding Options. Please note that we do not accept cash payments or third-party payments

Withdrawals:

You can order a withdrawal with a minimum of $150 or your available balance, whichever is lower. The maximum amount of one withdrawal is $20,000. In case you need to withdraw a larger amount, please contact our Client Management Team. A withdrawal request is processed within three working days. If the funds are sent by wire, the processing time could take a little longer. Any charges on the transfer are at the client’s expense. Card withdrawals will take up to ten working days to reach you. If nothing arrives, please contact us for assistance.

Educational and Research Resources

City Index provides a complete learning experience for both beginners and intermediate traders. Known for excellence in education, City Index won the Best in Class award for Education in our 2024 Annual Awards. The Training area houses extensive beginner and intermediate guides, from risk management to trading strategies. Other innovative products include the Trading Academy, presented as a reality show, and the Celebrity Trader series. While strong on video, City Index’s educational resources could include more written articles. That said, recent additions, such as progress tracking and quizzes, show a commitment to interactive learning.

Company Details

Assets

Assets available at City Index

The trading assets offered by City Index can run into their thousands, thus catering for all investment strategies:

Indices: 

Major global indices, including US 500, UK 100, Germany 30, and more. Indices trading offers you the chance to speculate on general market performance, rather than the value of individual shares.

Shares: 

Access thousands of shares from leading global markets. Popular stocks in the US, UK, Europe, and much more; trade these directly and expose yourself to the performance of an individual firm.

Forex: 

Trade more than 80 currency pairs, including the majors, minors, and exotics. Trade Forex with City Index and speculate on the movements of the currencies in the global market at competitive spreads and ultra-advanced trading tools.

Commodities: 

Diversify your portfolio by trading such commodities as gold, oil, and natural gas. City Index offers various commodity markets, allowing you to capitalize on the price movements in these essential goods.

Basic

What is City Index?

City Index is an online global broker established in 1983, with 40 years of experience operating in the financial markets. It is part of StoneX Group Inc, a billion-dollar company listed on NASDAQ. City Index has a million account holders and access to thousands of markets. The broker is known for executing trades fast: the average trade execution is 0.05 seconds. 99.99% of its customers’ trades are successfully executed. City Index offers extended trading hours on more than 70 major US stocks, making it even more popular among traders.

Is City Index safe?

Yes, City Index is considered safe because it is regulated by top financial authorities, such as the Financial Conduct Authority in the United Kingdom, the Australian Securities and Investments Commission in Australia, and the Monetary Authority of Singapore. City Index is a trading name of StoneX Financial Ltd, which is registered in England and Wales and is authorized and regulated by the FCA.

Customer Service

Customer Support

contact city index

Customers may reach customer support by:

Phone number:0203 194 1801 or 0800 060 8609

The website also has a live chat feature.

Email: [email protected]

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city index
4.5
4.5/5

Our recommendation: Trading at City Index

Trading Platforms at City Index

City Index has a variety of trading platforms that best fit a trader’s style and preference.

Mobile App: 

The City Index mobile app enables trading on the go with a user-friendly interface and real-time market data. It provides the necessary tools for trading so that users can never miss a trade opportunity.

WebTrader: 

It is a powerful, user-friendly browser-based platform with advanced trading tools, real-time market insight, and customizable charts. WebTrader is designed to provide the best trading experience without the headache of downloads.

MT4: 

MT4 is the world’s largest and most popular platform for forex trading. It offers ultra-tight spreads and the variety to access markets such as forex, indices, and commodities. One of the major benefits of MT4 is that it offers a huge variety of custom indicators, expert advisors, and charting tools that enable advanced trading.

TradingView: 

It integrates advanced charting facilities with over 80 technical indicators and real-time market analysis. It is both applicable for fresh and experienced traders, for which it provides detailed insights and comprehensive tools in the area of technical analysis.

These platforms make sure that the trading experience of City Index clients is flexible, feature-rich, and seamless.

Conclusion

Established in 1983, City Index is an online broker that can be trusted to offer access to thousands of markets, along with the fastest trade execution. It is regulated by the best financial authorities; hence, it is safe for traders. With different account types to choose from and competitive pricing, this broker should take care of many traders.

Their platform choices are wide-ranging, flexible, and convenient to use. And with a comprehensive set of educational resources, one can plainly recognize a commitment to trader development. There is room for improvement in written content, though. On the positive side, when it comes to interactive training, the commitment is there. Generally, City Index is one of those platforms that one would confidently recommend for effective, hassle-free trading in different markets.

Disclaimer

At FxReviews, our primary objective is to furnish you with impartial and objective assessments, commentary, and in-depth analysis. Our unwavering commitment to precision is maintained through meticulous data validation coupled with insights from industry authorities. It is essential to acknowledge that, albeit infrequent, minor fluctuations may occur. Please be assured that our dedication to delivering unbiased appraisals, exhaustive scrutiny, and well-informed viewpoints remains unwavering. 

We feel compelled to counsel you on the matter of investing in financial instruments, commodities, and other assets, which carry a significant degree of risk. There exists the potential for a complete depletion of your deposited funds. We recommend engaging in such undertakings exclusively if you possess an exhaustive comprehension of the associated hazards. It should be noted that FxReviews refrains from dispensing investment advice or any semblance of financial guidance.

Your financial security is of paramount significance to us, and we strongly advocate the exercise of due diligence and the pursuit of professional guidance when arriving at investment determinations.

Daniel Martin
Daniel Martin is a highly accomplished forex trader from the United States. He has over 15 years of experience, and has gained a reputation for his exceptional insights and consistent profitability in the foreign exchange market. Born and brought up in New York, Daniel holds a degree in Economics and has a deep understanding of market dynamics. He is known for his disciplined approach, ability to interpret market patterns, and expertise in various trading strategies. Daniel actively shares his knowledge through articles, webinars, and seminars, and is committed to promoting ethical trading practices. With his passion and extensive experience, he continues to guide individuals towards financial success in the dynamic world of forex trading.

FAQs

Yes, City Index is considered safe as it is regulated by top financial authorities like the FCA, ASIC, and MAS.

City Index offers Standard, MT4, and Corporate accounts to cater to different trading needs.

City Index provides mobile apps, WebTrader, MT4, and TradingView platforms for flexible trading experiences.

City Index offers a wide range of assets including indices, shares, forex, and commodities.

Simply visit the City Index website, click on ‘create a new account,’ enter your email, and follow the submission process.

Fees vary based on assets traded, with spreads starting at 0.5 points for EUR/USD pairs and low commissions for share CFDs.

You can reach City Index customer support via phone, live chat, or email for assistance with any queries or concerns.

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