City Index Review

Nominimum depositis required to register aCity Indexlive trading account. City Index also does not offer a welcome bonus or deposit bonus or the advantage of a no-deposit bonus when traders register a real account for the first time. Additionally, the City Index parent group, StoneX Group, is Nasdaq listed. City Index client funds are kept in segregated accounts and the broker forms part of the Financial Services Compensation Scheme .

This is, however, a nice problem to have and reflects the amount of powerful software city index review which are available to use. Clients of City Index are able to choose between the MetaTrader MT4 and the AT Pro in-house platforms. The first stage of the City Index Live Chat support takes the form of a support bot. City Index can be applauded for being transparent about this but the Live Chat is more of a glorified FAQs section. With CFD trading, you don’t actually own the underlying asset, so you don’t have any voting rights or other ownership benefits that come with owning the asset. The profit or loss you make is based on the difference between the opening and closing price of the CFD.

I would add reliable, too – technical issues seem rare these days. Must be mindful though that the product itself is high risk and there is the possibility of losing all your capital and more, on the other hand, potential gains can be considerable. There is another risk, which the newcomer may not be conscious of and that is the risk that CI might change the margin required to keep a trade open. Bear in mind not all trades are subject to capital gains/losses – so losses may not generate a capital loss for tax purposes.

Does City Index offer mobile trading?

To avoid retail investor accounts lose funds with CFDs, this section is significant. Training Modules – A City Index review will not be rounded up without this critical factor. There are six sections, all designed to ensure that you are fully trained in this field. Without expertise, retail investor accounts lose money heavily in trading. The six modules are Technical Analysis, Fundamental Analysis, Trading Strategies, Risk Management, Expert News and Analysis, and The City Index Advantage.

On City Index, the standard MT4 platform is upgraded with variable Forex pricing and access to all of City Index’s market analytics. These upgrades, on top of an already well-proven system, give this version of the MT4 platform versatile function while keeping it relatively user-friendly. The MT4 web platform and mobile apps are also ideally suited for mobile trading with stop-loss orders, watchlists functionality and Reuters news integration. Another point that’s important in this comprehensive City Index review is the fact that it is fully regulated under the authority of the Australian Securities Investment Commission.

The combination created a new global firm with operations in more than 150 countries and annual trading volumes in excess of $3 trillion. In 2014, Michael Spencer, the founder and controlling shareholder of City Index, sold the company to GAIN Capital Holdings for $118 million. The combination created a global firm with operations in more than 150 countries and annual trading volumes in excess of $3 trillion. In 2001, the firm introduced CFD trading, and in 2006, with the acquisition of IFX Group, City Index entered the forex marketplace. In 2008, City Index expanded its presence in forex with the acquisition of FX Solutions. City Index trades under StoneX Financial Ltd in the UK, a subsidiary of StoneX Group Inc.

All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. When in doubt, you should consult a qualified financial advisor before making any investment decisions. Thanks for the feedback and we’re sorry that you recently experienced longer wait times or difficulty in getting through to our support teams.

Special features you can find on City Index

The point to note is that funds can only be returned to the original source they were deposited from. To this end, they ensure that you have the best possible trading environment. The company, under the name StoneX Financial Ltd. is regulated by the Financial Conduct Authority in the UK with the registration number #446717. The first point to note about trading at City Index is that all of their assets are traded as CFDs. Trust is huge and to that end, the broker is very well regulated by some of the most respected bodies in the industry. This, together with the many awards they have collected over the years, has really helped them build a trusted brand.

• I like to use the desktop version for running automated strategies and the mobile app for quickly checking my account when I am not with my computer.
• There are separate phone numbers on which you can contact the broker support team.
• The City Index economic calendar is fully customisable and can help to show the possible impact of key news releases to help plan your trading strategies around.
• Traders are offered the option to tick the one-click trading button to easily enable this handy feature.
• City Index is part of StoneX Group, a NASDAQ-listed, Fortune 100 company with $10.9 billion in assets.

https://traderoom.info/.com, registered with the Commodity Futures Trading Commission , lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade. You can get a 90-day trial for FX Trader trading alerts from Faraday Research. After the trial, you can get the service with a 50 percent discount.

The broker also provides 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. I like how you can enable one click trading and set maximum slippage on orders.

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. MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically. Its platforms offer you adequate tools for market analysis and links to third-party research providers can help you in the decision-making process.

Account base currencies

If the price moves in your favour, you will make a profit, but if it moves against you, you will incur a loss. In normal circumstances, clients can call a number and directly speak to an advisor. There is also a financing fee applied to positions held overnight. Spread betting offers tax efficiency, as there is no Stamp Duty or Capital Gains Tax required.

There are periods of increased client demand which can have a negative impact on wait times. We regularly review our answer and response rates however, and have recently made improvements to our phone system which should help during busier times. In 2008, FX Solutions, a market leader in the US in white label foreign exchange and retail services, was purchased by City Index, and the next year the company launched City Trading.

In a break from the norm, City Index’s Trading Academy is a video series produced in the style of a reality show. The series follows a group of novice traders learning how to trade over a period of six weeks. City Index also produced its Celebrity Trader series, where celebrities share their own trading tips and tricks. All told, eighteen videos are available on City Index’s website.

Is City Index a Licensed And Regulated Trading Broker?

Traders can use demo accounts for up to twelve weeks, and City Index provides them free of charge. The City Index demo account comes with 10,000 demo credits and allows access to all features of the platform. City Index offers forex CFD markets on over 65 global FX pairs including majors, minors, and some exotics. Traders can choose from USD, GBP, EUR, and other cross-currency pairs. City Index offers trading on CFDs for indices, shares, forex, cryptocurrencies (not in US/Canada), and other markets.

There is a City Index trading academy with trading guides covering everything from an introduction to the different financial markets to trading strategies and chart analysis. You can learn how to use a trading strategy, how to analyse the charts using technical and fundamental analysis, how to apply risk management to your trades and much more. We hope you continue to enjoy using our trading platforms and services.

Does City Index Have Options?

In October 2019, the company launched a service aimed for small and medium-sized businesses to send payments anywhere in the world quickly and cheaply. No, the terms and conditions of City Index don’t condone scalping. It is a trading technique which isn’t permitted on the agent’s platform. You should consult with City Index’s terms and conditions to read more about its policies.

I can’t comprehend how the financial authorities permit thieves to steal clients money with impunity. Send money to City Indexât your peril, but don’t expect to get it back. Also the overnight fees they charge on open positions are never shown on either statements or on the account history.

This is important as a strong parent company lowers the chance that the company will go bust. City Index’s customer service is not fully 24/7, but is available 24/5 from 5 p.m. You can read news provided by Reuters, as well as analyses written by City Index’s own research team. City Index is a CFD and forex broker.To learn more about CFDs read ourCFD trading tips. We really liked the search functions of the web trading platform. You can search by typing the name of the product you’re looking for or browsing a categorized product list.

We help traders grow, giving them the tools they need to improve their trading skills. City Index is proud to be a market-leading broker with a proven track record of award-winning platforms, pricing and service. When you trade forex and other markets with the City Index MT4 platform you can benefit from ultra-tight spreads, fast trade executions and unique trading tools. MT4 is provided for free on Windows, Android and iOS platforms. You can trade directly through your MT4 account on all platforms. I like to use the desktop version for running automated strategies and the mobile app for quickly checking my account when I am not with my computer.

The spread here remains tight and starts from only 0.5 pips with the average spreads being 0.8 pips on the EUR/USD, 0.9 pips on the AUD/USD, 0.8 pips on the USD/JPY, and 1.8 pips on the GBP/USD. This CFD equity commission will vary depending on the market. For UK and most European equities, the charge is 0.08% while for the US this is 1.8CPS, and 0.2% for Asian shares.

The minimum commission rates are £10, $10, or €10 depending on the area. This means, for example, if you deposited with a debit card, you may only withdraw back to that same card. The withdrawal method you choose must also be registered on your account. The only fee to consider may be a small conversion fee if you are depositing a non-base currency. Visa, MasterCard, Maestro, and Electron are all supported by the broker, and deposits using your credit or debit card are completed instantly.

You can reach us by phone , live chat, and email to escalate your request. We apologize for any inconvenience this may have caused you and understand how frustrating this must be. Please note that our live chat option is available on the page linked below. You would need to click on a blue button that says “Let’s chat” to speak to a representative through our chat line.