Recently, they have deleted my last dollars from my account for inactivity without the courtesy of sending a cheque to my home. It’s unbelieveable how they charge 19GBP for a single stocks order, the commision is not shown anywhere when you buy, only after few weeks I have realized all my money went for commisions. Let other traders know if this service is worth checking or should be avoided. Ltd. (“SFP”) for the offering of dealing services in Contracts for Differences (“CFD”). Overall, the range and depth of assets available to trade are impressive and much more than is normally seen at other similar brokers.

CityIndex’s market analysis materials are detailed and well-structured, and much better than what is usually available at other brokers. Financing is a fee that you pay to hold a trading position overnight on leveraged trades. Essentially it is an interest payment to cover the cost of the leverage that you use overnight. CityIndex’s fee structure is transparent, and it publishes the live, minimum, and average spreads on its website.

To qualify as a professional trader, you would need to have made a significant amount of transactions over the past year, have a large portfolio and work experience within the financial sector. 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.

Deletion of last dollars from bank account due to inactivity

City Index Singapore claims that withdrawals usually take only a few days. Traders should note however that depending on a specific bank service it may take several days for the money to be available in a client account. City Index Singapore cautions possible traders that Forex and CFDs trading constantly carries a high level of risk, thus may not be appropriate for all investors.

To attract new business from traders, Forex brokers normally lure them with eye-catching deposit bonuses. For new investors, this can be very handy, but one has to know what to determine is a decent global prime spreads bonus. The minimum deposit that you can make with City Index is $100, which will get you a Trader account. The amount you trade will depend on your margins and which asset you are trading in.

City Index maintains three account types and three trader classifications, each with an improved trading environment. The parent company of City Index is StoneX Group, and previously it was owned by GAIN Capital. And apart from this, due to the integration of GAIN Capital into the StoneX Group, City Index can deliver an even more comprehensive offering to the customers. Written content – There are ten articles in the training module of City Index and which are highly effective if you want to know in-depth about Forex and CFDs with this provider. Once you open an account and log in, you can develop the required skill sets and know whether you can afford to start trading on this platform. Using Unrealized Profits – Maximize your trading resources by using unrealized profits from margins in open positions to new positions that you may open in retail investor accounts.

A copy of the trader’s ID and one proof of residency document will complete the process. City Index ensures traders have access to a high-quality trading environment developed with cutting-edge tools to generate a competitive edge. In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. Alan Farley is a writer and contributor for TheStreet and the editor of Hard Right Edge, one of the first stock trading websites.

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Combined with our four decades of heritage, you’re in good hands. Trade both major and minor currency pairs with low spreads and instant execution. Attraction of clients and earnings based on transactions fees.

I like how you can enable one click trading and set maximum slippage on orders. Although it was a brokerage firm focused on spread betting in its early years, City Index now offers many other financial products to its customers. The company also added to its offer by introducing multiple trading platforms, and is now a well-rounded brokerage service. 73% of retail investor accounts lose money when trading CFDs with this provider.

With over 30 years of trading and some of the best licensing and regulation, their reputation is solid. We want to help our readers in any way we can, but sometimes it’s better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you’ll need to contact them in person due to security. There is only one mention of any type of bonus anywhere on the site. The Switcher bonus is available for those who apply for Professional Trader status and is $1,000.

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 investor. City Index supports kinds of trading platforms, including Web Trader, iOS and Android mobile apps, and MT4 mobile, tablet and downloadable platforms. These platforms can be customized to suit individual traders needs with over 16 chart types, real time news from Reuters built-in and 80+ technical indicators.

The broker also provides how-to articles on each of the major trading venues as well as a full-featured help and support database. Fee and spread disclosures provide extensive transparency, but it was difficult to find options costs. Information on fee schedules was conflicting, and it was hard to find cost comparisons. They offer fixed and/or variable spreads, depending on venue, but the disclosures would greatly benefit from side-by-side cost itemization.

Deposit & Withdrawal Methods

City Index has low stock index CFD fees, buthigh stock CFD fees. You can’t open an account at City Index if you live in Belgium. For a tailored recommendation, check out our broker finder tool. Answer 4 simple questions and get a list of the most relevant brokers.

City Index is a London-based CFD, forex, and spread betting broker. Founded in 1983, the brokerage is a part of GAIN Capital, a US-based online trading service provider. 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. A City Index review shows that retail investor accounts are only available to professional traders on the AT Pro.

City Index is a product of a powerful corporation, it is characterized by its features set and well-considered legal support . And yet, according to the reviews posted on reliable platforms, , clients of the company come across problems with payments receipt or even simple replenishment of the account. And support in this case, as people say in their reviews, does not always act correctly. It therefore means that the operator regardless of all its advantages is not really that client-oriented, as it wants to look like.

City Index provides three account types, which differ in the account balance required, the maximum level of leverage and the provided additional services. These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. In the sections below, you will find the most relevant fees of City Index for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

For instance, check out and compare City Index trading fees with its UK based peer BlackBull Markets. Beyond Indices, FX, Shares and Commodities City Index offers an additional choice of markets to trade, including Metals, Bonds, Interest Rates and Options. With this account, you also get access to news and analysis as well as a choice between the two trading platforms. Forex brokers can interactive brokers forex review also provide services to not just individual traders, but also provide for institutional clients and large businesses, for example, investment banks. TradingBrokers.com aim to provide unbiased broker reviews to give traders a clear understanding of the different brokers available to them. Traders can use our free service but should do their own due diligence and make their own decisions.

Another provision made forimproved pricing execution is what City Index calls aggregation of client orders. Under this provision, your orders can be aggregated with other clients’ transactions in City Index’s account. This is done only if there won’t be a disadvantage to you and the other clients.

CityIndex overall scores

Stay close to the latest market moves with our expert analysis and integrated Reuters newsfeed. Our execution technology is designed to give you a competitive edge. From our price improver guarantee to the ability to trade using unrealised profits, our platforms enable you to maximise your trading resources. SMART Signals scan the markets for opportunities so you don’t have to. Get real-time actionable trade ideas on dozens of popular markets based on historic price action patterns.

Contracts-for-difference, also known as CFDs, are banned in the United States because the US securities law disallows their trading. Irrespective of CFDs being banned in the US, non-US traders are able to trade CFDs on company stocks based in the US. To close your City Index trading account, you need to contact the client management team. Before the account can be closed, you need to answer two security questions that you set up prior to verifying your identity.

Have been using the broker for a while but it has not been until i begun to trade a lot more and learn more about forex and brokers that i have begun to notice some very strange things. First of all before i continue i have found out that this broker is a Market Maker and after reading their terms and conditions more carefully this can be seen clearly. To bad i never knew about this earlier but i would recommend anyone to read the T/C’s in detail. Please read City Index Reviews below and share live trading experiences with this broker.

Although they are an international brokerage, a larger part of City Index’s client base is UK-based, so it’s no wonder why they make efforts to cater to the British trader. City Index is a well-known, trusted brokerage that’s good at just about everything. This broker is suited for a wide variety of traders interested in the forex market. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun. In doing so, we often feature products or services from our partners.

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It is easy to make a deposit and start trading as soon as the funds are in your account. When it comes to making withdrawals, there is a minimum requirement of $50 your balance, whichever is lower. As well as the standard margin close out, there are several trading tools that you can use yourself to ensure that you limit your losses and maximise your profits. City Index offers a GLSO or Guaranteed Stop Loss, which work the same way as standard stop loss only they guarantee to close the trade at the exact point you set. It is less subjective to market volatility than the standard stop loss. If you are considering choosing City Index as your broker, then there is a lot to like.

Users have access to commodities like precious metals, oil, natural gas, as well as the four most popular cryptocurrencies, Bitcoin, Ethereum, Litecoin, and XRP. While City Index does not offer bonuses or promotions, a cash rebate on Forex and indices trading is available for professional traders. Clients may e-mail City Index, use the webform, call the help desk, or utilize the live chat function.

City Index offers Spread Betting as well as CFD accounts, while Forex trading on the MT4 platform is singled out as a separate account option. Spread betting is ideal for UK-based traders, as it is free of capital gains tax and stamp duty. Trading conditions in the CFD account remain equally appealing.

Pure Forex traders have access to 84 currency pairs, complemented by commodity CFDs and a primary cryptocurrency selection. Over 4,500 equity and 21 index CFDs provide coverage of the most liquid assets across numerous markets. Other asset categories include bonds, interest rates, and options.

Trading Tools & Analytics

He is an expert in trading and technical analysis with more than 25 years of experience in the markets. Alan received his bachelor’s in psychology from the University of Pittsburgh news trading strategy and is the author of The Master Swing Trader. In a nutshell, City Index platform caters to all sections of trading and traders with an account, regardless of the experience level.

Trader Account

The different names for Forex brokers are retail forex brokers or currency trading brokers. There are slight differences as Retail currency traders use these brokers to gain access to the 24-hour currency market for theory purposes. City Index offer a selection of different trading accounts that allow for fast, easy payments and secure withdrawals. If you are primarily looking to trade currency pairs, the Spread Betting and CFD accounts will give you full access to their FX range with spreads from just 0.5 points.