City Index has a long track record that goes back to 1983 when it was established. It is a forex, spread betting and CFD broker with a global presence.
- Low forex trading charges.
- Plethora of research materials.
- Access to over 12,000 markets.
- Regulated across various jurisdiction areas.
- Free deposits and withdrawals
- Asset availability could be improved.
- Inactivity charges apply after 12 months of inactivity.
- Customer service is available five days a week.
In addition, it is highly regulated by the best international authorities, including the Financial Conduct Authority (FCA) in the UK and the Monetary Authority of Singapore (MAS). It also stores its clients’ trading funds in segregated accounts and has a compensation scheme in case the broker goes bankrupt.
City Index – Who Are They?
City Index is one of the most popular and biggest brokers globally. You can trust this broker with your funds and focus on creating strategies that will bring about profits. What’s more, it has a history of fast trade execution speed, which is essential for frequent traders like day traders, swing traders, and scalpers.
City Index has an easy-to-open account procedure and takes a short time to get it ready. As mentioned earlier, you can trade over 12,000 markets on forex, CFDs, shares, indices, commodities and spread betting. However, spread betting is only limited to specific countries like the UK.
City Index helps traders in developing their skills by supporting them with excellent research tools. This includes outstanding technical indicators, charting tools, and trading ideas. In addition, it is easier for newbies to quickly improve their skills with impeccable learning materials, whether articles, videos, webinars, and more.
The broker also provides a demo account for experimenting and testing it. It is loaded with $10,000 virtual funds, which you can use on the broker for a maximum of 12 weeks.
Compare City Index With Other Brokers
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Our Opinion About City Index
City Index has over 250,000 retail clients on its platform. The broker is highly regulated (FCA and MAS), making it safe for your investment. It is also listed on the NASDAQ stock exchange.
Additionally, City index has one of the best platform designs, even though navigating through can be challenging. You are only required to deposit $150 to have access to the broker’s diverse market offerings.
Still on charges or fees, this broker has one of the lowest forex trading costs. Transactions are also done for free. On the flip side, City Index charges a $12 monthly inactivity fee should your account remain inactive.
When it comes down to City Index’s customer service, it has one of the most responsive staff. They are known to provide relevant solutions to trading issues you may encounter during the day. However, you can only reach them five days a week through live chat, phone, and email.
In conclusion, City Index is an excellent choice for traders looking for excellent trading tools. This means that both newbies and experienced traders will enjoy their experience using research and educational resources available to boost their skills. To find out if what we are saying is true, sign up for a demo account and enjoy the experience.
I immediately liked working with this broker. City Index has a positive reputation in the market and a lot of positive reviews. I didn’t find any significant disadvantages in the work of a City Index.
This broker really a reliable option for all level traders. If you are a beginner trader, you will be satisfied with the training resources, and, user-friendly platform!
City Index is known to be a social trading platform, and it allows investors to observe the trading behavior and result of other traders. The aim is to follow expert traders’ investment strategies using copy trading or mirror trading. It typically requires no knowledge about the financial markets. City Index provides a range of charting tools allowing traders to analyze using technical analysis.
Metatrader 4 is usually the preferred option, and it meets many businesses’ needs better than City Index MetaTrader 4 is an online trading platform offered by a wide range of brokers. The platform is associated with forex, but it also supports a range of other markets. The number of markets offered on the MT4 varies by broker. Metatrader 4 also has social trading features that brokers may choose to enable; it is known for automated trading (trading with robots). Traders can buy robots or even build them if they learn how to program in MQL4.