12 Sep

City Index Review: Expert Opinion & 86 Customer Ratings

city index spread betting review

What’s more, the broker can boast of a competitive pricing structure and a wide selection of over 12,000 assets. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

What trading instruments does City Index offer?

city index spread betting review

In-platform access to dozens of trading ideas round out an impressive list of advanced features. 75% of retail investor accounts lose money when trading CFDs with this provider. City Index is a leading provider of online trading services, specializing in Contracts for Difference (CFDs), forex and spread betting. With over 35 years of experience, City Index offers a wide range of tradable assets to cater to the needs of both individual and institutional traders. Through City Index, you can trade on thousands global markets with a Spread Betting, CFD Trading or MT4 account. Trading instruments include FX currency pairs, Indices, Global Shares, Global Commodities, Cryptocurrencies including Bitcoin and other markets (bonds, options, etc).

city index spread betting review

City Index Spreads

Develop your skills with easy-to-understand tutorials and master the fundamentals of trading. Harness the power of the world’s most popular FX platform MetaTrader 4 (MT4), now with added asset classes – including commodities and https://forexbroker-listing.com/ indices. Access an unparalleled trading experience with the help of TradingView’s supercharged charting tools across browser and desktop apps. Trade both major and minor currency pairs with low spreads and instant execution.

Deposit and Withdrawal

Until then, with the discontinuation of AT Pro desktop, algo trading is limited to MetaTrader, which remains the most popular platform globally for automated trading (in addition to TradingView). City Index offers a rich educational experience that will satisfy both beginner and intermediate traders and helped the broker win Best in Class honors for Education in our 2024 Annual Awards. Its YouTube channel has a robust archive of educational videos, but City Index offers fewer written articles than leaders in this category.

  1. Options give traders just that—an option—to buy or sell an underlying asset at an agreed-upon price on a certain date.
  2. CFD and Forex Trading are leveraged products and your capital is at risk.
  3. Traders are spoiled for choice when it comes to educational materials, from webinars and video tutorials to risk management tools and trading guides.

Is City Index a Worthwhile Platform?

In addition, programmers can utilise the open API to create custom indicators and expert advisors or replicate the positions of top traders through the integrated copy trading facility. To experience the Web Trader platform before committing to the full service, clients can open a demo account and practice CFD, options and spread city index review betting risk-free. You can contact the customer service personnel by phone or via chat. New clients get a welcome letter with key account information and an introduction to platforms to help you pick the best platform for your needs. Fixed spreads might be offered on certain instruments and in certain trading periods.

City Index Web Trader

city index spread betting review

City Index is proud to be a market-leading provider with award-winning platforms, pricing and service – from our innovative trading technology to our excellent customer support. Trade the global markets on our browser-based trading platform – ADVFN’s ‘Best platform for the active trader 2021’. Free weekly spread betting seminars covering the basics of spread betting are available as well as more advanced classes covering technical analysis, candlestick patterns and trading strategies. There is an extensive FAQ section divided by topics, including details on using specific trading platforms, trading particular assets, opening accounts, and more. Their WebTrader platform does not require you to download it and features customisable workspaces, reliable and quick HTML5 technology, and custom indicators on advanced charts. It even includes trade tickets that have options for advanced risk management.

What Is The Minimum Deposit? How Do I Fund My Account

We have noticed that many customers tend to praise the company for its tight spreads and access to 65 global pairs. It’s important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Neither have Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. The first port of call for queries and issues is the help and support section. Here, traders can find FAQs with solutions to issues like platforms not working, login problems, account funding information and more.

Broker reliability if often judged by some basic parameters like regulation, the parent company, and the client feedback. Besides this, one must also consider the technology being used to protect your funds and wallets. You should always do your own due diligence before you start trading with any platform. 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.

In any case City Index now automatically close you out if your margin is reached so it’s less likely to end up in debt. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. Our team also suggests clients take advantage of their trading academy with articles and videos on a range of topics for all skill levels. Users will find an option that says ‘contact us’ at the top of the page, and once they have clicked on it, they will be taken to a page where they can scroll to the bottom and open up the webchat. The customer service representative on the web chat was very helpful and able to answer all of my questions.

The first section provides an introduction to the forex market and outlines key concepts. This is followed by a dedicated section on the basics of fundamental and technical analysis. The final section focuses on teaching advanced concepts including trading strategies. City index offers retail investors and professional traders hundreds of lessons available at their fingertips.

A nice feature is that the CityIndex offers a demo account for you to try out their trading interface and your spread betting strategies and decide whether you wish to continue with it. The demo account is available for two weeks and starts with a “virtual” balance of £2500. If spread betting at CityIndex is something that appeals to you, then the best way to decide on the broker you wish to use is to open a demo account and make sure you use it during the available period. CityIndex offers a four-week ‘Learn to Trade’ trading course in spread betting and CFD trading. It runs weekly seminars in London covering different topics of trading, such as using candlestick patterns, and explaining basic technical analysis.

Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making. There is also a monthly inactivity fee of £12 for trading accounts that are inactive for 12 months or more. City Index doesn’t make any charges for debit card, credit card deposits or transfers and the broker also doesn’t charge for money withdrawals. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. The City Index technical analysis research portal, powered by Trading Central, will save you time by scanning the markets for chart patterns and trade setups.

It also includes a customizable economic calendar, Reuters real-time news, and an analytical site that automatically monitors the markets for chart patterns based on technical and fundamental research. 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. City Index offers an excellent fit for new and mid-level traders seeking excellent research, solid education, reliable customer service, and a broad range of competitively-priced markets.

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