City Index reviews

City Index reviews

BROKER REVIEW

City Index is a British broker that was formed in 1983. The client base is about 150,000 clients all over the planet. During the thirty-five years of work, the broker has received many awards for the quality of the platform, the number of the clients is more than 10 thousand, and the speed of deals execution is minimal.

City Index offers high-quality services with transparent pricing, a risk-mitigation mechanism, and top-notch customer service. Rigid laws are in place in eight jurisdictions throughout the world, and they serve as a gauge of a company’s trustworthiness to traders.

City Index is rated as a broker for stable operations and has all the resources to innovate and new trading standards. The company looks more advantageous than newcomers who have been on the market for only a few years.

The volume of finances and sufficient experience help to provide market participants with the best conditions for work. Forex.com as a brand is also presented under this umbrella, this positions the company as a well-known market participant.

This broker has won numerous honors, including the best spread betting provider in 2019, the best CFD provider, the best app for mobile devices, and the best software for trading on the asset – bitcoin, according to the Online Personal Wealth Awards. These are the 2018 awards, which will be presented at the same event. More recent accolades include “Best MT4 Broker” at the UK Forex Awards 2017 and “Best MT4 Broker” at the UK Forex Awards 2016.

As mentioned earlier, City Index is controlled in 8 jurisdictions and the trading name sounds like StoneX Financial Ltd. The broker is registered in the UK and Wales and is regulated by the Financial Conduct Authority (FCA).

City Index Platforms

The multi-award winning platforms and theologies for providing access to global financial markets, suitable for brokers of any experience, for any trading style, include desktop and mobile versions.

Trading platforms adapt to any trader’s needs, about 16 types of charts, news from Reuters information agency, more than 80 indicators to help you analyze the market. One-click trading and order slippage setting are available.

City Index training

City Index reviews

Regardless of a trader’s experience, there are training materials to improve skills. These include video lessons, seminars, and other useful materials.

There is a trading academy with step-by-step guides, you will learn how to construct charts with further analysis, how to create and use a trading strategy, apply technical analysis. You will also receive the necessary information on risk minimization and much more.  Expert analysis is available and you will be provided with a manager with extensive practical experience.

City Index Accounts and Fees

City Index gives the opportunity to choose the account depending on the purposes and possibilities of the trader, which allows making quick and easy payments and safe withdrawal of funds. If you choose the currency as the underlying asset, Spread Betting and CFDs will give you the opportunity to trade with spreads as low as 0.5 pips. City Index accounts have tight spreads, low margin requirements and minimum trade execution speed. The minimal deposit amount is starting from $100.

City Index does not take a commission on the spread betting market. Likewise, there is no commission on CFD or FX assets other than securities.

Any of the offered accounts offers all the tools for trading, except the AT Pro trading platform, which requires a professional account. Fees are charged for not making trades, the so-called no-trade fee.

City Index, like most brokers, offers demo accounts, this is recommended for new clients who want to try out a trading strategy without the risk of losing the investment, there may be minor deviations from the real account, for example, factors such as slippage and spreads are not taken into account.

Trader’s account

The trading account with the name “Trader” is a universal account for all categories of traders. It offers competitive commissions and prices, 24/7 support, analysis, news and training materials.

Premium Trader

Premium Trader” package can be opened only on recommendation. Besides the standard set of options, there is a personal manager, various closed events, closed brokerage operations, protection against negative balance. This is a retail account.

Professional Trader

Subject to a number of requirements, only experienced traders can open such an account, which requires a certain number of trades every year and the possession of a successful portfolio.

In addition to all the benefits, this tariff provides increased leverage, discounts on currency transactions, and the ability to take credit from the company. However, here you are not protected from negative balance.

Depending on the option of half-filling an account, a commission may be charged, check details with an adviser. Generally, payments are made on the same day, the exception is bank transfer payments. This may take up to three days. Account currencies: fees may apply for certain payment methods. Bank transfers may take up to several business days. Account currencies: In addition to standard dollars and euros, a trading account may be opened in Swiss francs, yen, pounds and New Zealand dollars.

Registering an account at City Index

In order to open an account you simply need to choose the type of trading account, then you need to fill out a simple application form and confirm your e-mail. After that you will need to upload your identification document and any document that can confirm the residence address. The confirmation process usually takes several hours

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