city index reviews

I have always found the support team to be a pleasure to speak with and wouldn’t have any issues reaching out to them again in the future. I like how you can enable one click trading and set maximum slippage on orders. City Index is an excellent broker with a lot of longevity in the trading industry. It offers its clients high-tech platforms and a wide range of trading tools. This broker is ideal for new traders, thanks to its excellent educational resources, though all traders, especially experienced ones, will benefit from its award-winning track record. City Index offers an excellent fit for new and mid-level traders seeking excellent research, solid education, reliable customer service, and a broad range of competitively-priced markets.

Trading and Investment Tools

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. City Index won “best forex broker” in our 2022 awards as they offer a huge amount of forex pairs (182), with tight pricing and a wide range of different account types, including spread betting and CFDs. City Index also has an options desk for spread betting on index and populare stock options.

How do I close my City Index account?

We are happy to hear that our team provided you with excellent service. We are glad to hear that you had such a positive experience with one of our onboarding specialists. They operate on multiple platforms and devices and are a well-established, regulated firm. These are indicators of a trustworthy broker, but the broker’s suitability depends on the individual trader’s needs. Not only does City Index offer over 12,000 global markets but it also enables traders to trade in three different ways, such as spread betting, CFD trading and FX on MT4. City Index offers trading access to more than 12,000 global markets comprising CFDs in indices, shares, forex, commodities and cryptocurrencies.

Technical and Fundamental Portal (Trading Central)

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. Whilst I was testing City Index’s CFD trading platform for this review there were a few things that make them stand out. Firstly they offer proprietory trading signals on CFDs through SMART Signals.

city index reviews

  1. This is the company’s desktop platform which includes multiple trading templates, an advanced charting package, and enhanced efficiency and speed.
  2. We use dedicated people and clever technology to safeguard our platform.
  3. Back in July, we wrote about the introduction after-hours trading from the social trading platform eToro and no doubt other brokers will soon be offering pre and post-market trading of US equities.
  4. The company is regulated by the Financial Conduct Authority (FCA).
  5. It also isn’t clear how much spreads widen during off-market hours, raising the potential for unanticipated trading costs.

69% of retail investor accounts lose money when trading CFDs with this provider. I’ve been trading with CityIndex for some time now, and they have consistently exceeded my expectations. Their user-friendly platform provides a seamless trading experience, with all the necessary tools and resources at my fingertips. I highly recommend CityIndex for anyone seeking a top-notch trading experience. City Index provides traders with fast, flexible, and reliable trading platforms that are available in multiple versions — desktop, web, and mobile.

Popular Forex Reviews

There is a trading platform for all styles and experience levels of traders. City Index offers guaranteed stop-loss protection for a premium as well as a sophisticated set of conditional orders within their trading platforms. Oddly, the firm’s small Singapore branch utilizes two-factor authentication for added security, but this useful feature wasn’t found at the U.K. The broker acts primarily as a market maker, like most European CFD brokers, raising conflict of interest issues. However, they offer central clearing on “certain markets” as a free service that requires an additional client application. City Index is a leading provider of online trading services, specializing in Contracts for Difference (CFDs), forex and spread betting.

city index reviews

The “Premium Trader” account is an invitation only private retail account that comes with a priority service. It also has competitive pricing, negative balance protection with the added benefits of a relationship manager, invitations to premium events and dedicated broker assisted dealing. City Index do not charge any additional commissions on spread betting markets. They also do not charge commissions on CFD or FX markets, with the exception of CFD equities. Whatever your level of trading experience is, City Index provide a large amount of educational material to help improve your trading knowledge and skills.

Another acquisition from parent StoneX is Chasing Returns, now integrated into the platform as Performance Analytics. Which really drills down into where you are trading well and where you are losing money. SMART Signals is a new iteration of GetGo, which I tested and https://traderoom.info/city-index-forex-broker/ reviewed a few years ago. At the time, it was a stand-alone app, and actually quite fun, and did well highlighting some trading opportunities (full GetGo review here). It’s a great feature for stimulus and saves you a bit of time if you’re on the hunt for trades.

I found the accounts to have tight spreads, low margin requirements and fast trade execution speeds. City Index have a global research team that provides expert market analysis to help forecast potential market movements and trading opportunities. This is a stand-out feature that you won’t find with all brokers. If market analysis is something you are looking for in a broker, you may also wish to consider ActivTrades as an alternative. The broker provides a great range of tools to encourage traders to improve their trading skills and knowledge.

Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making. City Index specializes in spread trading and CFDs and it can offer competitive pricing for these products, especially with its fixed and variable rates. You can also use it to gain access to forex spot trading, but it can only be done through MT4 and the pricing seems a bit high.

They have great financial strength with a proven track record of delivering superior trading conditions to traders worldwide. Financial results are publicly available with full transparency. Forex.com is another trading broker under the same umbrella which further emphasises the size of the company. The broker offers fixed spreads for many indexes and commodities https://traderoom.info/ and variable spreads for forex and other markets, but read the fine print because this categorization isn’t intuitive. 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.