City Index Broker Reviews and Full Information

What exactly is City Index?

City Index is a trusted company, situated in the center of London with more 30 years of experience. It also has a solid background of trust-worthy parent company GAIN Capital. GAIN Capital which has its shares listed on New York Stock Exchange, is a trusted partner for a variety of trading names across the globe. It has been among the biggest traders in the retail and institutional markets..

With the many advantages and transparency which Gain Capital shows constantly within the market, Gain Capital's worldwide presence, with more than 800 employees throughout Europe, Asia Pacific and North America are letting you trade with confidence knowing the way in which the broker works.

Are you sure? City Index a good broker?

Investors who choose City Index as their broker has a total of over 150,000 traders across the globe It's not surprising. City Index's excellent execution and competitive pricing, as well as low margins, and tight spreads starting at 0.5 percent of FX and an extremely friendly relationship management make it an excellent choice.

Alongside the variety of markets Along with the wide range of markets, the broker is also known for its features on its platform and the innovative, many of the top trading options and tools that we'll examine in depth later in the City Index Review.

City Index Pros and Cons

City Index is respected and reliable broker . It is part of the huge, strong and established group of companies listed on stocks. City Index based on our research is among the Best UK brokers with an extensive instrument selection with low spreads, as well as a professional education sections. City Index is good choice for novices as well as experienced traders.

On the other hand there is no customer support available 24/7 , and there are no multi-currency account, which means the fees for conversion to fund could be applicable.

10 Points Summary

Awards

When we will look at an explanation of the City Index offering in a specific way, you'll know why the broker achieved over the course of thirty years of activities such a reputable position , and also won numerous prizes and international recognition. In addition GAIN capital is the top-ranked institutions and holdings, which means the awards really mean.

Voted the Best Spread Betting Platform | ADVFN and the Top Spread Betting Provider at the Shares Awards

Voted the Best CFD Broker, Top Mobile App Top Cryptocurrency Platform for Trading Web-based Personal Wealth Awards

the best MT4 broker -- UK Forex Awards

Are City Index safe or a fraud?

The answer is no, City Index is not an enigma, but a highly-respected and established company that has FCA approval and is listed on the Stock companies for greater transparency.

Does City Index legit?

City Index and City Trading is a trading mark of GAIN Capital UK Ltd, which is a licensed and authorized trading company through the UK Financial Conduct Authority and has a further eight worldwide jurisdictions' registrations as component of GAIN Capital Holdings Inc, which was founded in 1999.

In particular, City Index serves offices in Dubai, Singapore and Australia and is a trusted local authorizations issued by UAE Central Bank, MAS and ASIC as well.

As of GAIN Capital Inc is one of the biggest and most licensed providers from nearly every country, with solid track record and highest levels of corporate governance its strength of its finances and the transparency it offers are thought to be at the highest possible standard.

What are the best ways to protect yourself?

The money of a retail customer is completely segregated from broker's accounts and is secured with world-class banks. In addition the necessary security procedures which are strictly adhered to by the company's trading accounts and the overall management of trading accounts from beginning to end, are adhered to for you to enjoy an uncluttered mind.

The broker also requested protection against negative balances and in the event of insolvency, FSCS controlled the compensation of clients to recover client accounts that exceed PS85,000.

Leverage

Leverage is a term used to describe an investment loan made through a broker which lets you trade greater capital than your initial capital is an extremely useful instrument, however, you should be careful when using it. Recent updates to the regulatory framework from European ESMA established the maximum limit at 11:30 as the agency recognized the potential to increase gains, but also losses too.

So it is the case that it is the European company can offer an 1:3 leverage, however it is the Australianbranch as well as its clients may still be able to leverage of up to 1.400. Furthermore, leverage amounts will vary based on the kind of account you choose to use and you could face different margins as well.

Types of accounts

Regarding account management system, it's executed in a straightforward and clear manner, meaning you can apply for either an investment spread betting account or a CFD accounts for trading. There are also options between three types of accounts that include Professional Trader, Premium Trader and Professional Traderwhile all three are with the same high-quality as well as the highest level of support and the latest technology however they differ according to the degree of the trader.

A different interesting feature offered by The broker Private Client Service It is a custom-designed service for traders that invest and maintain a that has a balance of at least PS10,000 It is accompanied by very competitive prices, expert trading support , and a variety of exciting advantages.

Demo trading

Absolutely, it is crucial to be aware of the risks when trading prior to account opening The broker suggests that traders who are new to trading learn and practice making use of a trial account and as well as how to reduce risks by using the learning tools that are available through the broker's training programs.

City Index offers two demo accounts, which are jointly CFD spread bet, MT4 accounts. Demo accounts provides 12 weeks of unlimited access with an account balance of around PS10,000 The client will have access to Advantage Trader and the MT4 tablet, mobile and download platforms based on the type of account.

Instruments of Trade

City Index enables trading on more than 12,000 global markets comprised of Spread Betting, CFD and Forex Trading on 21 international Indices as well as more than 4,500 Shares and 84 FX pair as well as Crypto and 25+ commodities. The Crypto Market The Crypto market at City Index is also widely displayed and includes Bitcoin, Etherum, Bitcoin Cash, Litecoin and Ripple as well as the opportunity to modify the trading strategy and begin trading in a spread betting starting from 10p per point or CFD Minis.

Fees

City Index markets and trading conditions offer a clear pricing and provides very competitive spreads, both variable and fixed, starting at 0.5 pip for FX or 1 point in Indices and margins starting at 3.33 percent.

Additional costs

Regarding the additional charges it is important to consider this: City Index charge commission when you Spread Bet or trading shares with CFD Trading. E.g. UK Shares are eligible for 0.08 percent CFD Commission with a minimum of PS10.

Be aware of also the charge for the overnight period to be paid for holding an open position for more than a day. Financing rates are set at a benchmark regional interest rates of +2.5%. 2.5 percent.

Spread

City Index spreaddepending on the market you would like to trade in, and gives you the choice of selecting between fixed or variable spreads based on the strategy you prefer. Below, you will find the comparability based on the minimum spread quotes, but for the most up-to-date price visit the actual website, or an online marketplace.

For instance, you can look up and contrast City Index trading fees with its UK counterpart based in the UK, the Trading 212. Beyond Indices FX Shares, and other commodities. City Index offers an additional market to trade with, which includes Metals, Bonds, Interest Rates and Options.

Deposits and withdrawals

City Index offers the most commonly used payment methods to aid you in determining the best option for transferring money to or from your trading account. Although the payment options aren't extensive however, they are most reliable and don't charge additional fees for transfer of funds that is certainly an advantage.

Options for Deposits

The list of options includes debit cards: Visa, MasterCard, Maestro and Electron, Credit card: Visa and MasterCard or an bank transfer.

How much is the minimal amount of deposit required for City Index?

It is not a minimum amount of deposit required for opening an account however the bank is advises to make an initial deposit of PS100 to pay for margins.

Withdrawals

The bank does not have a minimum amount of deposit required for opening an account however, the company is recommends depositing from PS100 to pay for margins.

City Index minimum deposit in comparison to other brokers

Withdrawals

Transactions that involve deposits to cards or transfers that involve both withdrawals and deposits don't incur any fees from the company . traders are able to use a variety of methods including the most convenient ones like Bank transfers to electronic wallets. However, if you would like to receive a same-day payment via the CHAPS Bank transfer you will incur the PS25 fee.

Trade Platforms

A range of platforms on City Index covers web-based platform such as the the Advantage Web platform or the downloadable AT Pro and apps for tablets or mobile devices or is still an option to choose to use the well-known platform MT4.

Web Platform

In actual fact, and it is evident is that the broker has developed an platform designed to provide robust technology to suit any level of trading you're prepared to undertake, as it provides customizable 16 kinds of charts with 80 indicators, as well as practical trading ideas based on the research platform's highlights.

It's a platform that runs on the web which allows traders to trade via any web browser without installing as an extremely customizable platform. It is the ideal option for those who want an easy-to-use interface and a powerful fundamental analysis with a single tool. Eventually, for its outstanding performance it has been awarded many awards of quality and has been favored by a variety of traders particularly for its impressive capabilities.

Voted the Best Spread Betting Platform | ADVFN Awards

Desktop platform

Of course, the City Index mainstay platform comes in a variety of different versions, which means you have the option of choosing to use it or access the platform through various ways with the device you prefer.

Additionally, the broker takes great care of the policy of execution. If the price changes in the direction of traders when the order is being executed, City Index executes orders with a higher price thanks to their advanced technology.

Mobile trading

Advantage trading apps are available on iOS as well as Android devices that allow you to stream live charts and prices, all backed by Reuters fees for news and an economic calendars for your convenience utilization. 

Customer Support

For support for customers we'd say it's an excellent level and well-respected by traders. Customer service is available to traders via chat, telephone lines and emails , and also for clients across the globe due to the presence of brokers and coverage of the major destinations and even.

Education

The City Index focuses on essential suggestions, it has a an organized learning center that is designed for traders who are just beginning their trading as well as professionals.

Education Center provides trading concepts, technical analysis, fundamental analysis and trading strategies, as well as trading courses based on the level of trading you're at. Along with that, City Index runs regularly Webinarsand provides updates with Trading News and research materials with unique and popular topics.

Conclusion

In conclusion, City Index as a part of the world's most renowned financial institution GAIN Holding is not just the most reliable and stable business to trade or collaborate with due to the strict regulations and rules for protecting clients. An array of technological optimization tools, as well as a highly developed platforms and instruments to analyze, improve strategy and functions providing a great mix of proposals that is tailored to your specific abilities and requirements and expectations, establishing City Index as one of the best British Brokers.