Cityindex Broker

There are two types of demo accounts, both of which can be used for up to 12 weeks. Traders on City Index will by default receive access to signals and notifications which will inform you about market volatility and changes in price of certain assets. If you choose to use the AT Pro trading platform, you will be given access to more than 100 trading signals to help you find opportunities. City Index also has Retail foreign exchange trading a partnership with Faraday Research, a company which provides its clients with a free 30-day trial of UK FX or UK Equity Trading Signals. This feature is suitable for those who do not have the time to research the markets themselves and would like to have the material “chewed up” for them by someone else. Indices– Index CFDs are another type of asset currently available on City Index online trading platform.

That criteria includes a minimum trading volume over a period of time, a financial instruments portfolio in excess of £500,000, and strong working knowledge and experience working with leveraged products. According to the website, a trader must meet two of the three requirements in order to be eligible for inclusion as a Professional Trader. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting trader over 3,000 data points that we weighed into our star scoring system. City Index offers you a choice between three different types of live trading accounts; Personal Trader, Premium, and Professional. That said, regular retail clients are limited to just Personal Trader accounts, as the others require you to prove your experience and/or a large account balance. City Index’s educational materials are sure to help traders of all skill levels to hone their abilities too, something which the demo account also assists with.

Trading platform slick and performs fast and accurate.Never had cause to complain.Great service.One touch trading excellent. I do actually see how you can make money using CFD, but City Index really should push this on more experienced traders, and as a matter of ethics should not push this on novices. The support team provided a fast and professional response when questioned, and the broker also makes a well-stocked FAQ section available on their website at all times. This should help to answer any of the more commonly asked questions you could have. This regulation comes from the FCA in the UK, ASIC in Australia, and MAS in Singapore.

Cfd Brokers

And however convenient that sound, what matters are broker’s live accounts. This is a web trader, which allows the creation of workspaces, using selected components (e.g. charts and other tools). It has Candlestick, Line, Heikin Ashi, HLC Bar, OHLC Bar and Mountain chart types, time frames from tick to yearly and 25+ technical indicators. It does not have a news feed, but does have news about markets, if there is any and technical and fundamental reports. Established in 1983, City Index is a broker which offers a range of choice to the trader, from trading platforms to markets, providing both Spread Betting and CFD trading. City Index offers two web trading platforms, called Advantage Web and Web Trader, along with mobile and tablet apps.

City Index’s free desktop trading platform is web-based, meaning there is nothing to download you simply log in using your credentials and the platform opens in your internet browser. Spread charges on individual stocks vary depending on whether you use monthly and quarterly contracts or daily funded bets, the market you are trading in, and even the price City Index Review of the stock itself. Spread Betting offers an alternative way to speculate on the markets and rather than trading, spread bettors bet on the outcome of say, the rise or fall in the FTSE 100 index on a given day. For example, the minimum spread on EURUSD is 0.5 points though the typical or average spread that traders can expect to receive at City is 0.8.

Additionally, clients can receive compensation of as much as £85,000 from the Financial Services Compensation Scheme in the unlikely event that liquidation occurs. To help you easily spot the best trading opportunities, the portal lists the best buy opportunities first. There are detailed company metrics, including earnings and revenue history, debt to equity ratios, and earnings per share. City Index strives to offer clients a range of order types to make it possible to preprogram the price that you want to use to enter and/or exit the market. Stop loss orders can automatically close trades and therefore limit losses when the market moves in a direction against you.

See All City Indexs Major Bonds Spreads

In 2014, City Index was acquired by Gain Capital, a NYSE-listed firm. City Index is home to over 150,000 retail accounts, and $978 million in client assets as of its 2018 financial year end. City Index, now regulated in eight different jurisdictions across the globe, is one of the most well established and trustworthy brokerages in operation today. City Index mobile versions for iOS and Android allow easy synching between platforms, with well-organized menus but fewer features and limited customization. Account holders can set custom price alerts, build watch lists, chat with customer service, and do basic charting, but the apps don’t provide a real alternative to the standalone or web platforms.

It is available as a powerful HTML5 Web Trader, a mobile version, or as a downloadable desktop version. The MT4 trading platform is available as the basic version, without any of the required third-party add-ons to unlock its full potential.

Meta Trader

Singapore subsidiary also won’t provide services to UK and EU residents. If you already have an account with City Index UK and wish to switch to a different office, you can do so by completing the platform-provided simple account request form . Our review of City Index takes a look at one of the oldest forex brokers in the industry.

Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. No, City Index does not offer trading bonuses to retail clients due to regulatory restrictions. Instead, the broker focuses on offering the same well-rounded experience and low fees to all traders.

• CFDs or Contracts for Difference are a type of trading derivative which allows traders to invest in the future price movements of an underlying asset, without having to outright own said asset.
• It includes enhanced efficiency and speed, an advanced charting package, and your choice of trading templates.
• The minimum deposit at City Index is just £150 for UK retail accounts and $150 in Singapore.
• A unique venture, the Trading Academy, was started by City Index in 2012.
• Surprisingly, the Singapore branch of the City Index platform uses two-factor authentication for extra security, which is not there on the UK-based trading platforms.
• There are detailed company metrics, including earnings and revenue history, debt to equity ratios, and earnings per share.

Additionally, professional traders with City Index receive loyalty rewards, such as premier hospitality invitations and other rewards. There is extra financial flexibility thanks to the credit facility, and professional traders get priority service.

City Index Professional Account

All content on Blockonomi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. The parent company GAIN Capital Group is a well established and respected entity in this field, regulated in the UK by the FCA, so you can be very confident when choosing this broker. With City Index, you can access more than 12,000 markets with competitive spreads and your choice of several different platforms. If your cash balance is less than this, the inactivity fee will be equal to your cash balance. City Index also makes it possible to use unrealized profits from your open positions in the form of margin for new positions, letting you maximize trading resources.

However, City Index MT4 has a comparatively limited range for holders of a trading account on this platform. Extensive fees and spread disclosures are offered by the company making for enhanced transparency. Even though fixed and variable spreads are informed as per the venue, side-by-side itemization, which would lead to easier comparisons, is missing. It is also not clear the degree of spreads widening during off-market hours. This raises the bogey of manipulation in unanticipated trading costs. Close Out Level – When your funds fall below 50% of margin requirements, or there is a high risk of losing money, City Index automatically closes out trades. This is to prevent negative balances and should not be regarded as a stop loss.

All offices offer CFD trading, and the UK office is the only one to also offer spread betting. Large, established and well-regulated – City Index is not dissimilar to their market maker peers, CMC Markets and Plus500. Tight spreads and great platform choice help City Index stand out, though its education and analysis sections are underwhelming.

For those who want to trade Forex on MT4, this is also available. Finally, City Index provides access to real-time financial news and analysis feeds from Dow Jones Newswires plus their interactive technical analysis tools are superb. These are both great for experienced traders looking to go the extra mile in spread betting. In fact the last time I checked CityIndex quoted over 10,000 markets including commodities, indices and a comprehensive listing of US, UK and European stocks. They also have an impressive number of currency pairs to trade with over 50 major and minor forex pairs to choose from. So if you are looking to trade Forex, then all Forex account holders can also access Capped Variable Spreads on 37 forex pairs, including EUR/USD, GBP/USD and USD/JPY. The demo account allows users to simulate trades on the platform without the risk of losing any funds.

The MetaTrader 4 demo account starts with a £10,000 virtual balance and gives users access to the forex market. City Index offers 65 forex pairs and 17 indices, as well as CFD trading in over 4,500 shares of very popular companies from the US, Europe, and Asia. Their offer of CFDs is limited in some respects, but that’s hardly a huge drawback. The company also facilitates a variety of options trading, though City Index didn’t make our current list of the best brokers for options trading. City Index is a London-based CFD, forex, and spread betting broker.

Additional protections are provided through the Financial Services Compensation Scheme which promises to reimburse up to 85,000 pounds to customers in case of liquidation. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. With a trading account, you have the benefit of tight spreads and a platform of choice. These include AT Pro and MT4, both of which are automated trading platforms and allow robust backtesting and full customization. The research tools provided by City Index are ideal for beginners with an account to trade on the platforms. Customer service and support are excellent, and queries from anywhere in the world are resolved quickly over email or phone chats 24/5.

Mobile Experience

Good range of offerings including CFDs, forex, and cryptocurrencies. City Index is owned by Gain Capital and regulated by multiple tier-1 regulators. 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 trading strategy UK-based, so it’s no wonder why they make efforts to cater to the British trader. Bonds – Bonds are fixed income instruments that are basically loans made by investors to a borrower. They usually have a corporate / governmental background and have end dates by which the principal of the loan is expected to be paid out to the bond owner.

This account operates on an invitation-only principle and offers priority service, as well as a dedicated manager who will be there to answer all your questions whenever you need him. City Index has been around since 1983, delivering Spread Betting, FX and CFD Trading services from the heart of London. You can also take advantage of the extensive drawing tools to draw things like Fibonacci retracements and trend lines, letting you find key resistance and support levels. Save your chart customizations within your user profile, so you can seamlessly apply them to future charts. Unsurprisingly, there are also multiple chart types to choose from, such as Candlestick, Point & Figure, and Heikin-Ashi.