Hello Cityindex Visitors Today We Covered Cityindex Review. Please Read Our All review to know more about Cityindex Broker .
About Cityindex
Established in the UK in 1983, City Index is one of the world leaders in spread betting, FX and CFD trading. With over 13,500 markets to choose from our clients have access to trade and invest across a range of products to suit their financial goals. They help traders grow, giving them the tools they need to improve their trading skills.
UK-based City Index is a Forex and Trading Contracts for Difference (CFD) spread betting provider and a part of StoneX Group under the control of the Financial Conduct Authority. With headquarters in London, the City Index platform has branches in the United Kingdom, Singapore, Dubai, and Australia.
The parent company of City Index, StoneX Group Inc., is a U.S.-based company listed on the NASDAQ under the ticker symbol “SNEX”. As of 28 February 2021, StoneX migrated GAIN Capital UK Limited (GCUK) into its StoneX Financial Ltd (SFL) entity. It specializes in options in forex, shares, indexes, commodities, spread betting, CFDs, and interest rates.
Cityindex at a glance
| Minimum Balance | £100 |
| Accept Currency | AUD, CAD, CHF, EUR, GBP, HKD, HUF, JPY, PLN, SEK, SGD, USD |
| Regulated | FCA |
| Year Founded | 1983 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Mobile App | Available |
| Customer Support | Phone, email and live chat support 24/7. In person at local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa. |
| Headquarters | United Kingdom |
| Official Website | Click Here To Visit |
How To Create Account At Cityindex
Cityindex offers many different account types with no minimum deposit requirements, which means US citizens of all financial backgrounds can sign up.
Deposit and withdrawal function of Cityindex
The account funding for this account is straightforward and user-friendly. There’s no deposit fee, but only USD is supported as a base currency. Wire transfers have a high fee.
Icmarkets withdrawal fees
Cityindex charges no fees for withdrawals in most instances.
Commissions and Fees
A review of the fees and commissions charged shows that City Index offers a highly competitive fee structure that investors can afford to take. The average and minimum spread is 0.69 average and 0.50 pips minimum for EUR/USD. Fixed spreads are offered for different commodities and indexes, and variable spreads for certain markets like Forex. There are no charges for withdrawals. A minimum deposit is required to open a trading account. For a dormant account without any transactions for a year or more, a £12 fee is levied per month. All fees and commissions charged are transparent and are elaborated in fine detail on the pricing page.
Here is a breakup of the major ones.
- CFDs – The average spread against money when trading CFDs on the EUR/USD was 1.1 pips as of August 2020. As a Forex provider, you should consider the City Index as this amount is certainly better than brokers in this category. However, it is marginally higher than the industry average.
- MetaTrader – The spreads on the City Index MT4 (MetaTrader 4) are similar to EURO/USD given above.
- Discounts and rebates for traders – U.K based professional traders get a rebate of £4 per million if the gross turnover exceeds £25M per month, and for volumes over £300M per month, the rebate can reach £7.5 per million. For City Index login in the best forex brokers Australia platform, traders get rebates from AUD 4.5 per million in Tier-1 to AUD 13 per million in Tier-3 in the account.
Trading Platform
Mobile trading app
The powerful mobile platform doesn’t compromise on performance. Enjoy all the features and full control of your account on the move. Gain unlimited access to all spread betting and CFD markets through mobile trading app for iOS and Android – giving you full functionality and features, whether you’re trading shares, indices, forex or commodities.
Web Trader
Trade over 13,500 global markets with spread bets or CFDs on the easy-to-use browser-based platform, complete with customisable workspaces, fast and reliable execution, plus advanced charts.
MetaTrader 4 trading platform (MT4)
Trade on Metatrader 4 with City Index and benefit from tight spreads, fast trade executions and unique trading tools. Access your MetaTrader 4 trading account across multiple devices with the MT4 trading app on Android, and mobile web terminal for iOS.
High Grade Features Which Offer By Cityindex
Reliability
With 24/5 dedicated customer support, we’re always on hand to help – and 99.99% of all trades are executed by our market-leading trading technology.
Speed
Over 99% of trades are executed in less than a second. If the price moves in your favour while the order is being processed, we’ll execute your order at the better price.
Experience
We’re backed by Nasdaq-listed StoneX, a Fortune 100 company with over a century in the financial markets. Combined with our four decades of heritage, you’re in good hands.
Tools and insight
From personalised Performance Analytics to AI-powered SMART Signals, you have a wealth of exclusive tools at your disposal to maximise your trading potential.
Advanced Trading Platforms
offers both MetaTrader 4 and CityTrader, providing traders with the tools they need to execute trades with ease.
Wide range of Markets –
offers trading in over 12,000 markets, including Forex, shares, indices, commodities and cryptocurrencies.
Competitive Pricing –
offers competitive spreads and low commissions on trades, providing traders with the ability to maximize their potential profits.
24/7 Customer Support
offers 24/7 support via live chat, email, and phone, providing traders with the assistance they need to succeed.
Risk Management Tools
offers a range of risk management tools, including guaranteed stop-loss orders and trailing stops, to help traders manage their risk.
Mobile Trading
offers mobile trading apps for both Android and iOS, allowing traders to access their accounts and execute trades from anywhere.
Pros & Cons Of Cityindex
| PRO | CONS |
|---|---|
| Advanced trading platforms | Limited educational resources |
| Wide range of markets | Complex platform |
| Competitive pricing | Higher minimum deposit |
| 24/7 customer support | Lack of customization |
| Risk management tools | Research and Analysis |
Cityindex Review Conclusion
CityIndex is a forex broker that offers trading in a wide range of currency pairs, as well as other financial instruments such as CFDs, commodities, and indices. It is a well-established broker with over 30 years of experience in the financial industry, and it has a strong reputation for providing quality trading services and products.
In terms of forex trading, CityIndex offers a range of tools and resources to help traders be successful, including a variety of trading platforms, educational resources, and a knowledgeable customer support team. Additionally, the broker offers competitive spreads and fast execution, which are both important factors for successful forex trading.
Frequently Asked Questions
What is CityIndex?
CityIndex is a trading platform that offers online trading services for financial instruments such as forex, indices, commodities, shares, and treasuries.
Is CityIndex regulated?
Yes, CityIndex is regulated by financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) in Australia.
What trading platforms does CityIndex support?
CityIndex offers its proprietary platform, AT Pro, as well as the popular MetaTrader 4 (MT4) platform.
What is the minimum deposit to open a live account with CityIndex?
The minimum deposit to open a live account with CityIndex varies depending on the type of account and region. You should contact CityIndex support for specific information.
