The “Trader” account is aimed towards both new and experienced retail traders, offering competitive pricing, 24-hour trading support, award winning platforms, news, analysis, education and more. This account includes a risk management feature with negative balance protection so that you never lose more than you deposit and margin close-out as standard. The robust City Index Advantage Web platform includes advanced configurable charts as well as a variety of clever trading tools and custom indicators. It uses quick and dependable HTML5 technology to provide a dependable trading experience.

It also has a customisable economic calendar, real-time news from Reuters and analysis portal that automatically scans the markets for chart patterns based on technical and fundamental analysis. This can save time from manually researching the market and present potential trading opportunities. City Index are one of the world’s leading trading brokers, established in 1983 and headquartered in the UK with traders worldwide using their services. They have many years of experience with fast and reliable trade execution speeds, award winning platforms and technology across multiple devices.

Support is available in several languages, and users praise its response times and quality of advice given. We can choose from a wide range of markets and tradable instruments with City Index. There are more than 12,000 markets to trade on, which increases diversity and reduces risk. 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.

Deposit and Withdrawal Fees

1. 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.
2. 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.
3. City Index is one of the worlds leading providers in spread betting, FX, and CFD trading.
4. Strong regulation is another point industry experts point to, along with the longevity of this broker that gives extra peace of mind.

Using MT4 allows you to build and test your own models and the Expert Advisors feature allows you to trade using models developed by other traders. The programming wizards make it easy for even novice modellers to develop the skills needed to set up their own automated trading system and enjoy a more hands-off trading experience. MT4 Account – This account is dedicated to those looking to use MetaTrader’s flagship MT4 platform. There is a modest number of markets on offer, only 100, but each can be traded using the algorithm-based functionality of the MT4 dashboard and the much-loved Expert Advisors program.

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. Traders can trade daily, monthly, and quarterly options with tight spreads across 40+ markets, including FX, indices, and commodities.

Is City Index a good trading platform?

They also cannot accept clients from some countries including https://traderoom.info/city-index-forex-broker/ the USA and do not provide 24/7 support. The City Index Economic Calendar provides quick access to key market events affecting the UK, US, Australia, Japan, Germany, and France. The City Index fundamental and technical analysis portal offers you practical trading ideas as well as the resources to do in-depth market research.

City Index has a new look, introduces Playmaker plus adds more options and extended trading hours on US stocks

When it comes to leverage, City Index’s offering is fairly muted compared to other leading forex brokers. To access the trading strategy course, forex traders need to open an account with City Index and make a minimum deposit. The first section provides an introduction to the forex market and outlines key concepts. This is followed by a dedicated section on the basics of fundamental and technical analysis. The final section focuses on teaching advanced concepts including trading strategies.

As one of the original spread betting brokers City Index offers access to one of the widest selections of UK, US and European shares (as well as the major indices). The key advantage of spread betting of course is that profits are free of capital gains tax. To this end, we are continuously training our staff to provide our customers with a more superior customer experience than they expect. Please reach out to our customer support team with any additional information or feedback you may have that can further improve your experience.

City Index Fees, Spreads, and Commission

1. To verify our results we did the test again one week later and the results were similar.
2. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
3. City Index provides access to both MetaTrader 4 and a proprietary platform, catering to a variety of trading preferences.
4. Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com.
5. Thanks to its robust offerings and sterling reputation, we believe it stands out as a competitive choice for traders.
6. Those clients who are domiciled in Australia also benefit from their trading activity being within scope of the Australian Securities and Investments Commission (ASIC).

This is an EU regulation aiming to enhance protection and fair competition between providers. With more than 400 employees worldwide, City Index has more than a million customers and has won several industry awards, including Best Spread Betting Provider in 2021 from Shares Magazine. A strong reputation and high reliability are two of the reasons many merchants continue to use City Index, and it has a loyal customer base. The downloadable desktop platforms available to use with City Index are AT Pro and the hugely popular MetaTrader 4 (MT4).

This review by BrokerChooser highlights some of the most attractive features of City Index and also how it has traditionally been viewed as applying above average fees on stock trades. That is something the broker is trying to address by introducing a new tariff on CFD trades in Australian stocks with commissions capped at 0.08% of the trade value with a minimum charge of $5. There is for example a $12 inactivity fee which is charged on a monthly basis if your account has been dormant for more than a year. This charge can of course be avoided by clients engaging in some prudent housekeeping and ties in with the move across the industry for brokers to focus their attention on supporting active traders. Demo – Whatever your customer profile and investing aims there is always some benefit to be gained by starting off with a Demo account.

Do keep in mind that factors such as slippage and spreads can vary from demo to real accounts. City Index provide you with fast, flexible, reliable, award-winning trading platforms and technology across multiple devices, including desktop, web and mobile. There is a trading platform for all styles and experience levels of traders. Another potential obstacle to some traders is the minimum account balance required to take part in EA hosting.