City Index Review: Expert Opinion & 86 Customer Ratings

city index review

The broker offers fixed spreads for many indexes and commodities and variable spreads for forex and other markets, but read the fine print because this categorization isn’t intuitive. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Change of platform

  1. City Index is the second broker that has recently added extended trading hours to its list of services.
  2. The powerful City Index Advantage Web platform features advanced customisable charts with a range of intelligent trading tools and custom indicators.
  3. Spread betting and CFD trading are available on options with City Index.
  4. Great platform but you really do need to understand how it works, the considerable risks and where it fits in to your wealth management.

For the UK and the majority of European equities, the fee is 0.08%, for most US equities it is 1.8 CPS, and for Asian equities, it is 0.2%. Spread betting offers tax efficiency, as there is no Stamp Duty or Capital Gains Tax required. The downloadable desktop platforms available to use with City Index are AT Pro and the hugely popular MetaTrader 4 (MT4).

city index review

Pros and Cons Of City Index

People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Platform very user friendly.Product range excellent – although some options on major indexes and products would be useful.Customer care / liaison colleagues excellent,That ‘s it. Left an open position for xmas period as I did not want to close at a loss.

Trading Platform

City Index’s application presents products and asset classes in a non-pretentious format. Products can be navigated by scrolling through the screen, and trades can be executed in just a few taps. City Index doesn’t have specific criteria to qualify new traders but aims to ensure some competence and understanding due to the risks involved. There is no minimum deposit to open a real trading account, although City Index recommends $/£/€100 to get started. The company does not charge commissions on spread betting or on any CFDs other than Stock CFDs.

AVOID CITY INDEX AT ALL COSTS!!!

The City Index ‘help chat’ is very responsive, efficient and always available, as are the email support team. 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.

Unable to close my position in PROFIT

CMC Markets is more focussed on the most liquid markets like EURGBP and indices and can have tighter pricing. But, for an all-round service, City Index is a better spread betting broker for most UK traders. Yes, City Index does offer MT4, but functionality https://traderoom.info/ and market access is not as good as their main proprietary trading platform or some of their MT4 competitors like Pepperstone. You can only trade around 84 markets on MT4 through City Index and there are better brokers for trading on MT4.

However, City Index CFD pricing is tight enough for the majority of traders who do not want to work orders inside the bid/offer spread. The other advantage of trading CFDs “over-the-counter” is that commission is included in the quote as opposed to DMA brokers like Saxo Markets who add commission after you trade. When I traded on the City Index app I was able to able to access asset overviews, news, and alerts as well as key market info. But, one of the stand-out features of the City Index app is the inclusion of SMART signals and Performance Analytics. Having full access to SMART signals means you can keep an eye out for new trading opportunities and place corresponding trades on the move. Performance Analytics also gives the full breakdown how where you have been profitable or not in the past and provides feedback on whether or not you are sticking to your trading plan.

Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the initial deposit of the trader. Traders need to ensure that they understand their risk exposure and determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital. City Index provides 2 different live trading accounts, Standard and MetaTrader 4. No minimum deposit is required to register a City Index live trading account. With regards to videos, the research director at City Index, Kathleen Brooks is the leading lady. As an expert, she often appears on some well-known news channels to talk about the financial markets.

The expanded scope of this prequel inevitably results in familiar iconography of ravaged skylines and cascading rubble, with wider shots depicting New York as a jungle gym for the series’ athletic antagonists. At four times the budget of the first film, there’s a pronounced sense of the series exceeding its no-nonsense minimalist roots, especially at a time when city-levelling spectacle feels eerily passé. The technician sorting out why I could not login was clear in his instructions. Helpful in walking me through processes, which led to a positive outcome.

However, averages are much higher in New York City, where a two-bedroom unit costs an average of $5,874. System seems to have faults today but more importantly the call centre staff seem unable to understand the problems and how to access client accounts. Worse still the lines keep breaking down .Hopeless – had to email them .

The AT Pro platform includes advanced technical analysis with more than 100 indicators, detachable charts, and strong customization. In-platform access to dozens of trading ideas round out an impressive list of advanced features. City Index offers guaranteed stop-loss protection for a premium as well as a sophisticated set of conditional orders within their trading platforms. Oddly, the firm’s small Singapore branch utilizes two-factor authentication for added security, but this useful feature wasn’t found at the U.K. The broker acts primarily as a market maker, like most European CFD brokers, raising conflict of interest issues.

city index review

These apps provide secure 24-hour account access, live charts and pricing with built in Reuters news feed and economic calendar. Using the mobile trading apps, you can place and manage orders on the go. The broker’s proprietary Web Trader offers advanced charts, custom indicators, and fully customizable workspaces, but it does have fewer features and less customization than the downloadable AT Pro platform.

This should be enough for the majority of traders who want to take corresponding options positions against their long/short trades. However, for more sophisticated options traders Interactive Brokers or Saxo Markets offer direct market access on a wider range of equity options (but no financial spread betting for tax efficient trading). Always advertising on billboards in the City, always having a colourful client base, always being bought and sold at the whim of billionaires and bigger boys. Back in the good ol’ days, you could open an account and put on a million-dollar trade over the phone with no ID, no deposit, and no idea. City Index’s proprietary Web Trader platform delivers a rich trading experience while providing access to City Index’s full product offering. Web Trader offers excellent trading tools and a variety of advanced features, and delivers access to more tradeable markets than MT4.

City Index clients can also join the exclusive trader development program if they want to learn from an ex-Goldman Sachs professional trader. The program is run by Tony Sycamore from TECHFX TRADERS, who has over 20 years of trading experience. https://traderoom.info/city-index-forex-broker/ City Index offers spread betting as an option for trading in the United Kingdom. Spread betting is similar to CFD trading in that it is a form of margin trading and most of the same instruments are available with the same leverage.

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