In the registration form, you have to provide information about your experience level, your knowledge of CFDs and spread betting, and your annual income and savings. All of these factors are taken into account during the approval process. Customers of City Index can choose from several trading platforms, including the widely used MetaTrader 4, the AT Pro platform and WebTrader. If you want to trade on the go, you can do so with the dedicated apps for Android and iOS. The platform provides its clients with several ways to trade Forex, including CFDs and spread betting. If you reside in the United Kingdom, we suggest choosing the spread-betting Forex option, as any profits you generate are exempt from capital gains tax.
- Please ensure you fully understand the risks involved by reading our full risk warning.
- When setting up the account, we found the opening process to be easy and straightforward.
- This wealth of information is invaluable for both newbies and experienced traders looking to refine their approaches.
- Traders have reported an average response time of under 10 minutes for the live chat support service.
Equally impressive is the suite of educational resources offered by City Index. The free Academy features a range of comprehensive articles, videos, mini-tests, a glossary of financial terms and webinars suitable for beginners up to advanced traders. There is an excellent selection of charting and algorithmic features that will serve beginners and experienced traders alike. And while I don’t rate the interface, the customizable workspace, advanced technical analysis features and support for automated trading are hard to beat. Similarly, City Index’s selection of non-forex instruments is among the highest we have seen. With over 13,500 assets including shares, indices, commodities, metals, bonds and options, as well as the ability to speculate on interest rates, traders of all stripes are catered for.
City Index Desktop MetaTrader 4 Platform
City Index spread betting is available, though due to regulatory requirements, only UK-based traders can use this service. It also has no minimum deposit to worry about and you can rely on the same excellent spreads that are available on other types of trading with the broker also being available here. This ensures that clients’ funds are safeguarded under strict regulatory oversight. With its competitive spreads, impressive catalogue and advanced charting tools, City Index is a broker that should be on the radar of any trader.
How Is City Index Customer Service?
City Index offers over trading instruments in spread betting and CFDs trading from popular asset classes such as forex, cryptocurrencies, stocks, indices, commodities, interest rates, bonds, and options. We note, that this integration is only available for Australian traders at this time. And like CFD trading, when spread betting, there are no commission costs.
This can provide them some flexibility in what they offer that can be of benefit to you as a trader on occasion. These are short sterling with a spread from 0.02 pips, Eurodollar from 0.02 pips, and Euribor from 0.02 pips. These include the UK Gilt from a spread of 0.03 pips, Euro Bond from 0.03 pips, and the US T-Bond, and US T-Note both with a spread from 0.02 pips. In total there city index review are more than 4,500 global shares from major companies available. The spreads here start from 0.1% on UK Shares with the following examples for cost comparison.
Read through this review to determine whether City Index is the best broker for you. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. An advanced strategies educational course lesson with progress tracking on the City Index website.
Once it has found a pricing pattern that has historically been effective in a certain market, it will display it on the SMART Signals dashboard. The weekly forex outlooks and forecasts published every Monday morning at 10.00 am is another insightful tool that will prepare forex traders for the week ahead. When it comes to trading education, we think this is a big strong point for City Index.
We have created a software questionnaire if you are unsure what platform best suits your trading style. Based on six simple questions, we can recommend the best trading software for your trading needs. This means that the broker support team is available and can be contacted in different languages depending on both your needs and where they operate geographically. The proprietary WebTrader found at the broker is very user-friendly and intuitive all-in. Trading on a total of 21 major indices around the world is possible as CFDs.
- Charts are configurable – you can change colours, time intervals and indicators for a fully customised experience.
- City Index offers a reliable and feature-rich trading platform suitable for both beginners and experienced traders.
- The platform also hits all the right spots when it comes to user-friendliness, diversity of markets, research tools and quality customer support.
- City Index offers a demo account which provides a risk-free environment to practice strategies and browse the broker’s services.
- ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
Customer Support at City Index
Yes, City Index is well-suited for beginners, offering extensive educational content and support. City Index will also appeal to forex traders familiar with MetaTrader 4, though the range of instruments is narrower. The firm is also part of the renowned StoneX Group, an American Fortune 100 financial services company listed on the NASDAQ. This is a reassuring sign for us that the brokerage is well-established and legitimate. I like that the real-time market news is thorough and regularly updated, sorted by market as well as by the most trending topics.
Commissions and Fees
We can simply speculate that City Index and FOREX.com both have their merits when it comes to trading experience. City Index offers a more intuitive interface, making it easier for traders to navigate. The platform is designed with user experience in mind, which is a big plus for those who are new to trading. Therefore, it is safe to say that both brokers offer robust trading platforms, but FOREX.com has a slight edge due to its offering of MetaTrader 5. Both brokers offer MetaTrader 4, the most popular forex trading platform in the world. FOREX.com also provides MetaTrader 5, the latest version of the platform with additional features.
Overall, the brokerage fee structure is designed to provide affordability while maintaining high-quality trading conditions. One of its standout features is access to a range of Expert Advisors and custom indicators from FX Blue, enabling traders to automate strategies and enhance their market analysis. City Index is a trusted muti-asset Trading Provider with over 40 years of experience. City Index provides a compelling mix of platforms, allowing users to match their trading strategy with the right tools. Whether you’re a visual trader, a data analyst, or a code-savvy EA user, City Index delivers functionality, flexibility, and strong integrated research to support smarter trading. City Index maintains a global presence, operating in countries such as 🇬🇧 United Kingdom and 🇦🇺 Australia, with additional international reach through its parent company 🇺🇸 StoneX Group.
I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. Compared to other online CFD providers, we like that City Index supports multiple order types and has the ability to program your entry and exit points. To get some of these features, you will need to be using the City Index Trading Platform.
Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). FOREX.com very well outperforms here in light of having superior educational resources. In conjecture, City Index and FOREX.com both offer a wide range of CFDs and markets, but there are some differences worth noting. FOREX.com definitely shines here on account of superior accounts and features. Other potential costs to consider include inactivity fees, overnight financing charges, and currency conversion fees. It’s always a good idea to read the broker’s terms and conditions to understand all the potential costs involved.
This capability enhances the overall user experience by allowing traders to resolve queries swiftly. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency.
City Index offers a demo account which provides a risk-free environment to practice strategies and browse the broker’s services. These are among the most respected financial regulators, so we are confident that this broker adheres to the highest standards of client protection. This includes using segregated accounts, providing negative balance protection, and limiting leverage to protect retail investors. The platform’s powerful functionality allows traders to execute trades efficiently, track market trends in real time, and implement complex strategies with ease.
City Index Compared to Other Brokers
Ultimately, each trader must weigh the pros and cons themselves and choose what is right for them. You can choose from 8 currency types but the RawFX in Australia can only be AUD or USD. Our broker reviews are reader supported and we may receive payment when you click on a partner site. Forum commentary paints a real‑world view of City Index beyond marketing claims.
The City Index fundamental and technical analysis portal offers you practical trading ideas as well as the resources to do in-depth market research. By analysing the markets for chart patterns and trade settings, the City Index’s research portal, powered by Trading Central, will save you time. At a glance, the fundamental stock analyzer displays if a stock is overbought or oversold.

