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. Like other brokers in the U.K., City Index offers spread-betting across its available markets, providing tax efficiencies for U.K. The following table summarizes the different investment products available to City Index clients.
Consequently, you’re charged more for non-trading activities on your trading accounts, like deposits and withdrawal. However, this doesn’t necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. City Index is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to bill.
Spreads and commissions
The broker impresses with a quick turnaround, as funds typically reflect on a client’s card within 24 hours, https://traderoom.info/city-index-forex-broker/ demonstrating City Index’s efficiency in processing transactions. According to thorough testing by a trading professional at Dumb Little Man, City Index provides a streamlined deposit and withdrawal process. The broker ensures that withdrawing funds is hassle-free, requiring simply an application without imposing any commission for the operation. This policy extends to payment systems as well, highlighting City Index‘s commitment to cost-effective money management for its clients.
The City Index’s own mobile trading platform is very well designed and user-friendly. It can be a good mobile trading app for beginners as it has tutorials and demo instructions that teach you how to use the app. If you have a biometric mobile, you can set your app to biometric verification, which gives that extra element of security. You may find it a little less secure as the City Index mobile trading platform doesn’t have a two-step verification module. However, it is built keeping modern design under consideration, and it is easy to use, with a sleek modern interface that makes everything easy to navigate.
Best Forex Brokers
- For traders seeking to benefit from price movements in stock markets, indices are an ideal instrument to speculate on the overall market performance.
- Moreover, the withdrawn money will be moved directly to the accounts you use to create deposits.
- In October 2009, it launched the City Trading app, the first spread betting and CFD mobile platform for the iPhone, later expanding to Android and BlackBerry.
- City Index charges a deposit fee for transferring money into your trading account.
This means that at all times, City Index must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law. City Index shows on its official site that you can trade real time stocks with your demo account. With this virtual City Indexdemo account, you are able to experiment in any way, to whatever period you desire. You can even start positions, examine different trading strategies, and more. If you sign up to get a demo account on City Index, you will set out with a decent amount of virtual currency.
Commission on Share CFDs
Yes, City Index offers a free demo account for both its proprietary Web Trader platform and MetaTrader 4 (MT4). The demo account includes virtual funds and provides access to live market data, allowing users to explore platform features and test trading strategies in a risk-free environment. Led by Steven Hatzakis, Global Director of Online Broker Research, the ForexBrokers.com research team collects and audits data across more than 100 variables. We analyze key tools and features important to forex and CFD traders and collect data on commissions, spreads, and fees across the industry to help you find the best broker for your needs.
Is City Index a good broker?
The platform can be accessed in languages such as English, Spanish, German, French, Chinese, and Arabic, among others. This ensures that traders can navigate the platform comfortably and access all the necessary information in their preferred language. Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages.
What spreads can traders expect on City Index platforms?
- This choice caters to the preferences of different traders, ensuring convenience and efficiency in accessing their funds.
- When you transfer money into your trading account from your bank account, a deposit fee can be billed by the broker.
- This indicates a responsive and supportive customer service approach for technical difficulties.
- They are focused on educating traders with up-to-date market knowledge, technical analysis and trading guides.
Below, we’ll explore some of the current bonuses and promotions available for traders using City Index’s platforms. These markets tend to experience significant price fluctuations during key economic announcements and policy changes, offering opportunities for traders to profit from short-term price movements. For traders interested in fixed-income instruments, City Index provides the opportunity to trade government bonds, such as the US 10-Year Treasury Note, UK Long Gilt, and Euro Bunds. Bond markets offer a different type of trading experience, often used by traders to hedge against risk in equities or commodities. With City Index’s bond trading offerings, you can take positions on the price movements of these key instruments with competitive spreads and tight execution times.
You cannot use city bank cards to fund accounts with any spread providers. But you are safe if you did so, the amount would simply be returned to the source if you mistakenly transfer the amount this way. Using City Index’s mobile app, you can easily set alerts and notifications to remain updated with what is happening within the platform and across the global markets. I often do this if there is a price level I am waiting for or a particular setup and I do not want to hang around watching charts all day and night. City Index charge an inactivity fee if you do not use your account for 36 months (retail clients) or 12 months (professional clients). In 2002, City Index became involved in the controversial “Plumber and Spaniard” scandal.
TradingView
It stands as a key player for those interested in engaging with the forex and CFD markets. City Index is a renowned global CFD broker, distinguished by its adherence to regulation by multiple financial authorities, including the top-tier UK Financial Conduct Authority (FCA). This broker is celebrated for its competitive low forex trading fees and minimal non-trading fees, such as low withdrawal fees. Moreover, City Index simplifies the journey for new traders with its fast and smooth account opening process, complemented by a suite of high-quality research tools available to its users. City Index stands out as a reliable, well-regulated broker with decades of market experience, offering a wide range of instruments and platforms suitable for all trading levels. Its strong reputation, advanced tools, and global reach make it a solid choice for both beginners and seasoned traders.
Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. City Index provides a comprehensive educational program suitable for traders of all levels, from novice to intermediate. If you don’t know how these platforms compare to third-party platforms, we’ve also compiled a guide to help you understand and select the best options for you. That are interested in spread betting can use City Index and trade commission-free. They can use leverage for this product and take both short and long positions.
City Index prioritizes the trust and safety of its clients by adhering to stringent regulatory standards and leveraging cutting-edge technology. As part of the globally recognized StoneX Group, City Index boasts nearly 40 years of market experience, backed by a proven record of financial strength and transparency. City Index is regulated by major authorities, including the FCA (UK), ASIC (Australia), and MAS (Singapore). This strong oversight helps create a safe trading environment, making City Index a trusted choice for traders worldwide. City Index was founded in 1983 and has over 40 years of experience in the financial markets. Yes, the MT4 platform supports automated trading via Expert Advisors (EAs).
The account types are varied, but I had some issues with the login process initially. The withdrawal time is reasonable, and the leverage options are great for maximizing my trades. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
They have around staff that help the company offer , to 14,000+ clients through MT4, Web Trader, Tablet & Mobile apps. This City Index review has been updated for 2025 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about City Index to give you the most comprehensive guide available.
In the UK, clients are further protected by the Financial Services Compensation Scheme (FSCS), with up to £85,000 covered in the event of insolvency. You can access over 13,500 global markets, including forex, shares, indices, commodities, bonds, and options. City Index offers strong, multi-tiered support with convenient access through live chat, phone, and email. The 24/5 availability and wide FAQ coverage ensure you’ll receive timely, clear guidance – whether you’re troubleshooting a platform issue or managing your account.