City Index Review ️ Unbiased Pros and Cons Revealed 2023

You can read our review of the UK’s best spread betting brokers. Because of FCA regulation, City Index also operates under the Financial Services Compensation Scheme (FSCS). The importance of the scheme is to protect the funds of retail traders should a broker goes into insolvency. There is no minimum deposit to open a real trading account, although City Index recommends $/£/€100 to get started.

Choosing or shortlisting a trading platform like City Index can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform’s various features and benefits, especially with a complex trading platform like City Index.

City Index Deposit Fees

For instance, using CFDs, you use the City Index trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed. Additionally, traders can enjoy Raw Pricing without any intervention from brokers.

Check out the current account balance requirements at City Index in our What is the minimum account balance at City Index article. Here’s our expert view after checking the City Index trading app. Our ultimate guide to the City Index minimum deposit is updated regularly. The product portfolio is limited, stock CFD fees are quite high and the desktop platform lags behind its competitors. City Index is a brand of StoneX Group Inc., a US-based investment company. This is important as a strong parent company lowers the chance that the company will go bust.

Trading accounts of City Index

City Index will aim to close out trades if your funds fall below 50% of your margin requirement to protect clients against negative balances. City Index is licensed by the Financial Control Authority (FCA) and operates as per the rules of the European Securities and Market Authority (ESMA). These licenses ensure that City Index offers a leverage limit and provides protection against negative balance so that retail investor accounts do not lose money when trading. A study of ESMA has shown that 73% of retail investor accounts currently lose money when trading CFDs, which is the average in the EuroZone. Being licensed by ESMA is an indication that City Index can be trusted and that it has minimized the risk of losing money on its trading platforms.

They are licensed with multiple Tier-1 & Tier-2 regulatory bodies and offer a good range of CFDs. Their CFD markets include indexes, shares, forex, oil, commodities, metals, and bonds. Apart from trading CFDs, City Index also offers spread betting on these instruments. City Index offers a wide variety of trading platforms, including robust mobile applications on iOS and Android for on-the-go traders. Yes, City Index offers a 100% demo account which allows users to trade with virtual money.

NewsCity Index Allows Traders To React In Real-Time To US Technology Earnings

Besides the well-respected Trading Academy, the educational team compiled a superb range of training videos and written content. It allows new traders to engage in a well-designed and in-depth course. Educational resources are especially high quality and great for beginner investors, as well as more experienced traders, and the research resources are also top-class. There are high-quality videos, articles, and webinars on a wide range of topics. You can watch the training videos on their site but they also have a YouTube channel that regularly uploads short, relevant market analysis videos. Users have a choice between City Index’s proprietary Web Trader and other platforms like AT Pro and the industry-standard MT 4.

In an unfavourable market move, leverage can result in a loss that exceeds the trader’s account balance, leaving them with a negative account balance. If a City Index trading position does not go in your favour, this is where negative balance protection comes in handy. City Index partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices.

Trading Platform

The “Trader” account is aimed towards both new and experienced retail traders, offering competitive pricing, 24-hour trading support, award winning platforms, news, analysis, education and more. This account includes a risk management feature with negative balance protection so that you never lose more than you deposit and margin close-out as standard. 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 City Index review defines the platform as an ideal base for both beginners and professional traders. If you want to open a trading account and sufficiently acquire the required skill sets to avoid losing your money, City Index should be your first pit stop.

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

These are indicators of a trustworthy broker, but the broker’s suitability depends on the individual trader’s needs. All in all, City Index offers multiple cross-platform trading applications, 24/5 customer support, and a variety of asset classes and products to choose from. City Index offers a standard trading account, a professional account (invitation only), and two types of demo accounts. City Index is a well-regulated https://traderoom.info/cmc-markets-a-wholly-reliable-brokerage/ broker that offers its customers access to over 12,000 markets across forex, indices, shares, commodities and – in limited countries – cryptocurrencies. Trading Central, a leader in independent third-party analytics, powers a comprehensive technical analysis suite, embedded inside the AT Pro platform. It also remains at the core of extensive fundamental analysis, including a What-If analysis for EPS forecasts.

• I have been trading for a while with City Index and am quite happy with the reliability of trading platforms.
• They also do not charge commissions on CFD or FX markets, with the exception of CFD equities.
• It has a quick learning curve making it an attractive proposition to new traders whilst having enough advanced functionality for the more seasoned trader.