It delivers priority service and a dedicated relationship manager for active retail clients. There is also risk management on each trade you place, competitive pricing, and the knowledge that you will never lose more money than your deposit. There are demo accounts available on City Index for Pepperstone Forex Broker Review CFD, spread betting, spread bet and MT4, and joint CFD accounts. Demo accounts come with £10,000 in virtual money and unlimited access for 12 weeks. You cannot extend a demo account’s duration, but City Index does offer the choice of applying for another one if you need more practice trading.
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Another thing i have noticed is that their times are off on MT4. Once again comparing with another broker, i noticed that although it said for example 7am on a candle, it was off by around 1 hour. It is possible that they control their systems to intentionally stop out traders.
City Index Review: Trading Tools
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 also offers access to third-party platform MetaTrader4 , a dedicated FX platform for the savvier traders. The City Index API through GAIN Capital appears restricted to institutional and white-label partnerships, lowering the value of the AT Pro backtesting and automated trading capacities. In addition, they offer no VPS hosting, missing an obvious business opportunity. No trading volume discounts were found, discouraging large-sized and higher skill traders from opening accounts, despite Premium and Professional tiers that provide secondary bonuses. An ESMA-mandated disclosure indicates that 73% of retail accounts currently lose money when trading CFDs, which is about average in the Eurozone. The U.K. Financial Services Compensation Scheme provides up to £50,000 coverage in case of a broker default, but they list no additional or private coverage.
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. Offering the markets in CFD format rather than physical form means traders can go short as well as long and the risk management tools which apply in other markets can also be set up for crypto trades. The execution of the interface itself offers guaranteed and trailing stop losses and converts order instructions into cash terms to help traders avoid ‘fat finger’ risk. One-click into the background information and traders can access the full breakdown information on the instrument, including margin terms and the Key Information Document. The execution spreads at City Index are in-line with the broker’s peer group.
City Index also provide users with demo accounts if you would like to test the different trading platforms and conditions before opening a real account. Do keep in mind that factors such as slippage and spreads can vary from demo to real accounts. The powerful City Index Advantage Web platform features advanced customisable charts with a range of intelligent trading tools and custom indicators. It incorporates fast and reliable HTML5 technology for a reliable trading experience. You can configure and personalise multiple workspaces with the ability to switch between workspaces in a single click.
City Index Trading Platforms
The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. City Index’s proprietary ATP Pro (desktop-based) and Web Trader (browser-based) platforms deliver a rich experience with access to City Index’s full product offering. I do not recommend MetaTrader at City index due to its limited range of tradeable markets. Clients may e-mail City Index, use the webform, call the help desk, or utilize the live chat function. It is unlikely that traders will require assistance at this well-operated broker, but it is easily accessible in case a need arises. City Index ensures traders have access to a high-quality trading environment developed with cutting-edge tools to generate a competitive edge.
Besides core assets, traders have access to a wide range of secondary markets. Upon opening an account, an offer of a guided tour is made available. It’s actually well thought out and although bot-led forex analytics the ten top-tips would help novice and experienced traders familiarise themselves with the platform. Having two top quality platforms to choose from is a real plus point for City Index clients.
City Index offers a wide variety of trading platforms, including robust mobile applications on iOS and Android for on-the-go traders. Backed by GAIN Capital, City Index is a trusted brand that traders choose for its advanced trading platforms, excellent mobile app, diverse market research, education, and extensive range of markets. Trading Central, a leader in independent third-party analytics, powers a comprehensive technical analysis suite, embedded inside the AT Pro platform.
All providers have a large percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
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To see a list of the top MT4 brokers, see our comparison of MT4 brokers. City Index are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority , Australian Securities and Investments Commission , Monetary Authority of Singapore . Any payments funded to City Index accounts by traders are held in a segregated bank account. Tier 1 is the official measure of a banks financial health and strength. Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage.
Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed.
See All City Indexs Forex Pairs
If you open an account with the Australia or Singapore offices, access is slightly reduced to more than 4,500 CFD markets of the same type. Those with accounts from the Middle East office have access to more than 100 CFD markets, including commodities, forex, and indices. Experienced traders who qualify can have a professional trader account on City Index. This type of account delivers credit facility as well as broker-assisted dealing and a dedicated client relationship manager. These accounts also have margin rates as low as 0.25 percent, but you should keep in mind that professional clients can accumulate losses exceeding deposits.
- Trading Central powers the core research suite, Reuters streams live news, and an outstanding charting package supports manual traders.
- This helps to ensure traders that they are trading with a trusted and reliable broker.
- New traders have access to an in-depth educational program, while the invite-only Premium Trader account features exclusive perks for high-volume traders.
- City Index is a one of the world’s leading trading brokers offering over 12,000 markets to over 150,000 traders worldwide.
- Traders are treated to a well-regulated trading environment, a competitive pricing structure, and an excellent trading platform.
- They have over 35 years of experience with fast and reliable trade execution speeds, award winning platforms and technology on multiple devices.
The primary reason for offering different types of spreads on various markets is to reflect the underlying market conditions. They adjust their prices by being relative to their client activity, market events, or underlying volatility. Using automated execution, they promise to handle as many orders and trades as possible. Furthermore, clients can customise their trade settings and personalise them to suit their trading style.
Investors that chose City Index as their broker comes to a number of over 150,000 traders worldwide, and this is not a surprising fact. The broker’s quality execution, competitive pricing, low margins, tight spreads from 0.5 points of FX and truly supportive relationship management makes a well-valued choice. City Index offers top-notch trading platforms, including the web trader, the AT Pro, and the City Index App. 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.
What Can You Trade With City Index?
The online platform has smart trade tickets that include trade risk management. Stops and limit orders can be placed in points, profit/loss or price. The real-time margin calculator can help to keep your trading decisions under control. The platform is easy enough to use for new traders whilst having enough advanced functionality for the more experienced https://traderoom.info/ investor. Users can enable one click trading and set maximum slippage on orders. The broker offers both fixed and variable spreads depending on the specific market being traded. City Index is a well-regulated broker that offers its customers access to over 12,000 markets across forex, indices, shares, cryptocurrencies,and commodities.
It also remains at the core of extensive fundamental analysis, including a What-If analysis for EPS forecasts. Global data is streamed directly to AT Pro, and company metrics are well-presented. SMS trading signals are also supported, ensuring traders never miss a profitable opportunity. City Index was originally founded in 1983 and in 1984, began operations as a spread betting brokerage located out of the UK; in 2001, it added CFD trading. In 2005, the brokerage acquired the IXF Group and its two established brands, IFX Markets and Finspreads.com; in 2008, FX Solutions was acquired. In 2014, City Index was acquired by Gain Capital, a NYSE-listed firm.
Web Trader includes intelligent tools, fast and reliable HTML5 technology, customizable workspaces, and advanced charts featuring custom indicators. It also has smarter trade tickets that include advanced risk management options. Other tools include a real-time margin calculator and the ability to define stops and limits by price, P&L, or points. There are also 360-degree market view pages, helping you find key trading opportunities, see market analysis from Reuters, and view the latest market details with pricing, news, and charts. With City Index, you have access to more than 12,000 spread bet and CFD markets, including indices, shares, forex, commodities, and cryptocurrencies.
City Index offers spread betting and CFD trading to traders around the world. Established in 1983, it has earned a strong reputation since its inception. Following the guidelines of the Financial Conduct Authority, City Index segregates the client money bank accounts. That means that the funds owned by retail clients are fully segregated from the company’s funds via separate accounts. This is true for every City Index account, regardless of where it was opened. City Index also makes it simple to stay on top of your funding and finances with safe and free deposits and withdrawals. It also offers a secure funding portal where you can view your funds and submit deposits and withdrawals.