Based in London, they provide good customer service, support for new traders and four different platforms, including 2, which are built on proprietary software. With competitive spreads, negative balance protection and a wealth of charting tools, they are a popular choice with many. Trading Central is available to clients who register a live account.

City Index charges no deposit fees.Besides bank transfer, you can use credit/debit cards and PayPal to deposit funds. Once the account base currency is set, you can fund your account only with the same currency. City Index provides three account types, which differ in the account balance required, the maximum level of leverage and the provided additional services.

Keep up-to-date with all the latest upgrades and features designed to enhance your trading experience. Our current version features best-in-class charting, over 80+ tools and indicators, plus instant financial news from Thomson Reuters. Master 12,000+ global markets in an award-winning spread betting and CFD trading app. Go long and short on the UK 100 from 1pt, EUR/USD from 0.5pts and Oil from 1.5pts.

The news feed is great, with news from high-authority sources like Reuters, as well as City Index’s team of experts. City Index’s proprietary browser-based platform is developed in HTML5 which makes it very intuitive, fast, and customizable. Web Trader doesn’t have an abundance of features like AT Pro, but it is a great, comprehensive platform for more casual traders. In order to qualify for this account, traders also need to have made 40 or more significantly sized trades in the previous year and a portfolio with a minimum of €500,000. All in all, there’s little to worry about when it comes to trading with this broker. City Index is regulated by high-authority institutions, and its parent company, GAIN Capital, is listed on a stock exchange.

From personalised Performance Analytics to AI-powered SMART Signals, you have a wealth of exclusive tools at your disposal to maximise your trading potential. If the price moves in your favour while the order is being processed, we’ll execute your order at the better price. Trade on both falling and rising prices across thousands of markets. In canadian bitcoin exchange addition, the Markets in Financial Directive allows the company to operate as a regulated entity throughout the European Union. This section of the website contains a series of educational videos, articles, and practical examples on a wide range of trading topics. One-click trading on mobile can also be enabled in a single tap via the top menu.

Furthermore, Citibank cards cannot be used for funding, and City Index does not accept cash payments directly into their bank account. In the UK, City Index is regulated with the Financial Conduct Authority . City Index UK is forex broker & CFD broker, and their parent company is StoneX Group, which is listed on NASDAQ. See how City Index compares to the leading Forex brokers by reading one of the reviews below.

FXTM Minimum Deposit

Traders can use our free service but should do their own due diligence and make their own decisions. Rates, terms, products and services on third-party websites are subject to change without notice. This compensation should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. The broker provides a great range of tools to encourage traders to improve their trading skills and knowledge.

City Index provides deposit and withdrawals via wire transfer, credit/debit card and PayPal. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. My daily work consist of managing our client management team in addition to direct sales and direct interaction with clients. Tax-free trading across all markets in every major asset class. Marko has been working on the road for over 5 years, and is currently based in Europe. Alongside writing and editing, Marko works on projects related to online technology and digital marketing.

Insights and Research Tools

Traders with existing automated trading solutions developed on the MT4 infrastructure will enjoy access to an outstanding trading environment. All other traders are advised to take advantage of the AT Pro platform. Another complete section deals with the all-important CFDs, which simple trend trading strategy are a popular way for investors to open an account and start trading on various financial markets. Go through this section, and you will know why you should be trading CFDs with this provider. To avoid retail investor accounts lose funds with CFDs, this section is significant.

With over 4,500 instruments in seven asset classes, City Index definitely provides something for everyone. Choose between forex, commodities, shares, indices, metals, bonds, and more. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.

Is the quality of customer service satisfactory?

No urgency to resolve in a volatile market but they blame Braintree for not processing payments, interesting that they can still process deposits. In response to making a negative review my account was closed. It’s 2 weeks now and still no refund but 14 day notice to close account counting down. This is a VERY RISKY company to deal with, not recommended at all.

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You simply choose the account type that you require and complete a short online form. Once that is done, you need to verify your email and upload proof of identification and address. After they have been received and approved, you can then fund your account and commence trading.

Does City Index offer mobile trading?

As such, all non-profit funds are returned to the original deposit source. No matter your deposit method, the withdrawal of all profits must be made by bank transfer to a bank account in your name. FX spot is available only through the MT4, but you will have to pay higher spreads than for spread betting if you want to use MetaTrader 4 with the broker.

Real-time financial news from Reuters provides you with data and market reports directly into all trading platforms and apps. This is a great way to keep up to date with the latest market news and to assist with fundamental analysis. AT Pro has an advanced charting package with over 100+ indicators and a vast range of drawing tools for your market analysis. There is a back testing excel tool that allows you to test trading signals performance over historical data. 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 should be a positive sign, as regulation is an important consideration when selecting a broker. Most of these awards were won in the UK which is due to the company’s focus on its local audience. Although they are an international brokerage, a larger part of City Index’s client base is UK-based, so it’s no wonder why they make efforts one good trade to cater to the British trader. City Index is a well-known, trusted brokerage that’s good at just about everything. This broker is suited for a wide variety of traders interested in the forex market. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun.

Of course, you have to be approved for professional status, meeting the criteria laid out above. 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. Forced to change to the new developed app as the previous app is being retired.

69% of retail investor accounts lose money when trading CFDs with this provider. When you trade forex and other markets with the City Index MT4 platform you can benefit from ultra-tight spreads, fast trade executions and unique trading tools. MT4 is provided for free on Windows, Android and iOS platforms. You can trade directly through your MT4 account on all platforms. I like to use the desktop version for running automated strategies and the mobile app for quickly checking my account when I am not with my computer. The web version is also great for accessing your account on any device and it is always up to date.

Deposits and Withdrawals

Based on which country you live in, City Index may refer you to their sister platform, Forex.com to open a forex account. Another provision made forimproved pricing execution is what City Index calls aggregation of client orders. Under this provision, your orders can be aggregated with other clients’ transactions in City Index’s account.

Trading Central powers the core research suite, Reuters streams live news, and an outstanding charting package supports manual traders. The MT4 trading platform supports automated trading solutions. New traders have access to an in-depth educational program, while the invite-only Premium Trader account features exclusive perks for high-volume traders. City Index caters to over 150,000 traders, and the overall products and services qualify it as a prime brokerage. The City Index review defines the platform as an ideal base for both beginners and professional traders. If you want to open a trading account and sufficiently acquire the required skill sets to avoid losing your money, City Index should be your first pit stop.

About 70% of clients who trade CFDs with this broker lose their money. This percentage is not unusual because CFDs are very risky financial products in general, so make sure you know what you’re doing before trading. City Index is a London-based CFD, forex, and spread betting broker. Founded in 1983, the brokerage is a part of GAIN Capital, a US-based online trading service provider. A side-by-side comparison of account types shows that AT Pro is only available to professional traders . This information conflicts with other site disclosures and contact with a sales agent through online chat confirmed that professional status isn’t required to use the software.

There are about 139 charting indicators and 25 drawing tools and automated trading functions on the Development Studio. Top-of-the-line features include the capability to backtest potential strategies to avoid the high risk of losing money. The execution of the trade policy of City Index trading platforms is one of the fastest in this category.

Roll-over Discount – You can continually and automatically roll over all futures trade at expiry by paying for only half the spread. Once the mid-price is reached, your position will be closed and opened again in the next bid/offer contract. City Index has ranked Best in Class in several categories in 2021. Fast execution, tight spreads, and low margins are the highlights of the Company.