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. Trading with City Index will involve fees from $1 USD, spreads from 1.0 pips, and commission-free trading depending on the account traders select. When you place a Guaranteed Stop Loss Order, there is no upfront charge. The details of the charges for triggered Guaranteed Stop Loss Orders are on the market information sheets via the trading platform. For some examples, the current charge for UK 100 CFD is three times the quantity of CFDs charged in the base currency.
City Index Trading Tools
FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. City Index provides a comprehensive educational program suitable for traders of all levels, from novice to intermediate. Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. 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.
I worked with James Internicola to… set up a MetaTrader4 Corporate account and fund the account.
- City Index is a brokerage that specializes in CFD trading, spread betting, and Forex trading.
- With TM when you’re logged in you get a really good visualisation of previous data, volatility and most importantly what impact it had on relevant institutions like EURUSD.
- Instead of contracts, clients are betting on the price movements of the financial asset.
- No, City Index does not offer trading bonuses to retail clients due to regulatory restrictions.
- More than 20 options markets are available with daily, monthly, and quarterly options contracts tradable and low starting spreads.
IG is a leading online trading provider that offers traders access to opportunities across thousands of financial markets through intuitive platforms and apps. Additionally, the charts within the City Index trading platforms are incredibly powerful, featuring the tools you need to analyze markets and create a plan. There are more than 65 technical indicators and the ability to trade directly from a chart. Your limit orders, stops, and positions are displayed on the chart, with the choice to adjust them by dragging lines.
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Full-time and professional traders may be forced to look elsewhere due to the lack of volume discounts and weak connectivity through VPS and API interfaces. 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 trading platform that has been operating for 38 years, has a global presence supported by its listed parent company, and is overseen by top financial regulatory bodies. It is considered a safe and reliable option for traders and investors. You can trade FX on Sunday nights with City Index when the forex markets open around 10 p.m. If you want to trade more markets on the weekend you need a broker like IG that offers a wide range of financial markets on Saturday and Sunday. You can trade on MT4 and MT5 with City Index, but functionality and market access is not as good as their main proprietary trading platform or some of their MT4 competitors.
Read through this review to determine whether City Index is the best broker for you. City Index also offers Self-Managed Super Fund (SMSF) accounts, Corporate and Trust accounts, and joint accounts. Our City Index review found that the broker is regulated by some of the most stringent regulators in the industry, namely the FCA, ASIC, and MAS. All of these are considered to be tier-1 authorities, as they impose strict safeguarding policies. Continue reading our review of City Index to learn everything you need to know about this award-winning forex broker. City Index provides access to both MetaTrader 4 and a proprietary platform, catering to a variety of trading preferences.
By doing this we hoped to nullify variations in better and worse-performing pairs by each broker. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, https://traderoom.info/ nor shall it bias our broker reviews. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.
It’s worth noting, however, that Premium account holders can benefit from cash rebates although this status is invite-only. City Index stood out from the crowd during this review thanks to its extensive educational and analysis materials. To help you to identify more profitable trading opportunities, you can view charts that feature price history from the past 16 years.
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 to cater to the British trader. 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. In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own.
The more experienced traders who meet certain criteria can apply for the “Professional Trader” account. To qualify as a professional trader, you would need to have made a significant amount of city index review transactions over the past year, have a large portfolio and work experience within the financial sector. You can also keep on top of the latest market news with City Index’s expert analysis.
The City Index demo account has a virtual balance of £2,500 and gives users access to all of the platform’s features. The MetaTrader 4 demo account starts with a £10,000 virtual balance and gives users access to the forex market. There is quite a long list of products you can trade on City Index’s platforms.
Whilst voice brokerage still forms part of City Index’s offering, they are, as with everyone else, doing the majority of their business online and working hard to make their platform stand out. City Index provides customers dedicated 24/5 customer support in over 180 countries. Traders can contact City Index customer service by phone, email, or live chat. When opening an account, traders can choose whether they want a CFD account, a spread betting account, or a single account with both products.
There are also various trading tools, such as a stock valuation traffic light indicator, best buy opportunities, company metrics, an economic calendar, filter options, and free SMS trading alerts. If you prefer to use a more well-known platform, you’ll be glad to know that you can trade at City Index via MetaTrader 4. This is available across devices and includes trading signals, custom indicators, and hedging tools. It also has a customizable economic calendar, multiple order types, and supports the use of trading robots.