The company is regulated by the Financial Conduct Authority (FCA). This provides clients with peace of mind, as formal regulation suggests that it’s a must to meet specific standards. For example, one of the requirements is that they segregate retail client funds from its own. City Index offers an extensive amount of educational material for clients, much of which is accessible without logging in.
Is pricing different on the City Index demo?
This section of the website contains a series of educational videos, articles, and practical examples on a wide range of trading topics. To read more about educational resources and the knowledge base, see the next section. One-click trading on mobile can also be enabled in a single tap via the top menu.
Quick and helpful online chat support
- There is no single, convenient location where all spreads are listed.
- These tools include a selection of order execution types, market intelligence and a powerful research portal to help you identify potential trading opportunities.
- As mentioned above, the company also lets you trade digital currencies via CFDs.
- When it comes to leverage, City Index’s offering is fairly muted compared to other leading forex brokers.
- The program is run by Tony Sycamore from TECHFX TRADERS, who has over 20 years of trading experience.
For new traders, there is a huge amount of educational and informational content from “how-to” videos and articles to more lighthearted CFD, and focussed programming like the Traders Academy. Overall City Index’s trading app is a good addition to it’s main platform and should suit traders looking for stimulus and research on the go. You can buy over 4,700 stocks on City Index as a CFD or financial spread bet, however, you can’t trade equity options or invest in physical shares. In a break from the norm, City Index’s Trading Academy is a video series produced in the style of a reality show. The series follows a group of novice traders learning how to trade over a period of six weeks. City Index also produced its Celebrity Trader series, where celebrities share their own trading tips and tricks.
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Reviews from actual traders
They provide personal service and can assist with complex options execution strategies. Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets. UK and Irish clients can engage in spread betting on 21 major indices, including cash, options, and futures. Spread betting is also available on shares, with the previously mentioned spreads as low as 0.1% on UK shares.
Web Trader offers all standard trading platform features, such as historical data feeds and tools for monitoring open and closed positions and trading history. The charting feature offers dozens of technical indicators https://traderoom.info/city-index-forex-broker/ and precision drawing tools. A margin calculator allows traders to calculate the cost of placing a trade. Traders can use demo accounts for up to twelve weeks, and City Index provides them free of charge.
Thanks to its robust offerings and sterling reputation, we believe it stands out as a competitive choice for traders. 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. It also isn’t clear how much spreads widen during off-market hours, raising the potential for unanticipated trading costs.
City Index is an excellent broker with a lot of longevity in the trading industry. It offers its clients high-tech platforms and a wide range of trading tools. This broker is ideal for new traders, thanks to its excellent educational resources, though all traders, especially experienced ones, will benefit from its award-winning track record. City Index is a well-established and fully regulated broker that offers over 450 tradable instruments across different asset classes. They provide advanced trading platforms, tools, and educational resources.
My accounts manager promptly supplied me this information which otherwise would have taken me hours to extract from monthly statements. City Index offers trading access to more than 12,000 global markets comprising CFDs in indices, shares, forex, commodities and cryptocurrencies. When it comes to trading CFDs, you can execute orders only during the City Index trading hours, which may or may not match the official trading hours of the underlying securities.
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. Overall the City Index trading platform is very intuitive to use and it has a clean, clearly laid out interface making it suitable for beginners who want a simple platform with trading signals. It is also advanced enough for experienced traders executing large orders and needing post-trade analytics or voice brokerage as backup. 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.
The app also has quick access to popular markets, so you can keep an eye on where the days trading volumes are going. One example of how they are populating their platform with new trader tools is SMART Signals. As City Index is an OTC broker they charge customers by widening the spread rather than adding commission after you trade. Overnight financing rates are also inline with what you would expect 2.5% over/under SONIA rates. Whilst voice brokerage still forms part of City Index’s offering, they are, as with everyone else, doing the majority of their business online and working hard to make their platform stand out. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
Each year, we collect thousands of data points and publish tens of thousands of words of research. No urgency to resolve in a volatile market but they blame Braintree for not processing payments, interesting https://traderoom.info/ that they can still process deposits. It’s 2 weeks now and still no refund but 14 day notice to close account counting down. This is a VERY RISKY company to deal with, not recommended at all.
City Index have a global research team that provides expert market analysis to help forecast potential market movements and trading opportunities. This is a stand-out feature that you won’t find with all brokers. If market analysis is something you are looking for in a broker, you may also wish to consider ActivTrades as an alternative. The broker provides a great range of tools to encourage traders to improve their trading skills and knowledge. These tools include a selection of order execution types, market intelligence and a powerful research portal to help you identify potential trading opportunities. I found them to have an excellent selection, up there with what Markets.com have available.
Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. Reuters real-time financial news feeds data and market information straight into all trading platforms and apps.
