City Index has more assets, but Plus500 offers a more well-balanced selection suitable for most traders. City Index, formed in 1983, is a reputable trading platform that provides access https://traderoom.info/city-index-forex-broker/ to over 13,500 global marketplaces. It is regulated by top-tier regulators such as the FCA, ASIC, and CySEC, and provides exceptional security through segregated client money and FSCS coverage. Experience with advanced trading tools, competitive spreads, and outstanding customer support. Open an account today and expose a world of trading opportunities.
You will be able to choose your preferred deposit/withdrawal method from there. You can get a 90-day trial for FX Trader trading alerts from Faraday Research. After the trial, you can get the service with a 50 percent discount.
City Index provides a comprehensive educational program suitable for traders of all levels, from novice to intermediate. Speculate 4,700 global shares including AMZN, GOOG, and APPLE with commissions as low as eight basis points. City Index review offers over 80+ Forex Pairs including major, minor, and exotic with a spread as low as 0.5pts. Was unable to close my position when in profit in an oil trade yesterday.
- Over 4,500 equity and 21 index CFDs provide coverage of the most liquid assets across numerous markets.
- City Index is a trading platform that has been operating for 38 years, has a global presence supported by its listed parent company, and is overseen by top financial regulatory bodies.
- City Index offers more than 6,300 markets across shares, indices, Forex, commodities, etc., and provides access to exclusive tools such as SMART Signals and Performance Analytics.
- The Dow Jones futures market fell for an 8th consecutive day on Monday, a bearish sequence not seen in over 12 years.
- Plus500 is a publicly listed company in the UK and a constituent of the FTSE250 with a clean regulatory track record.
- It is available as a powerful HTML5 Web Trader, a mobile version, or as a downloadable desktop version.
City Index Overall Ratings: 82 + Regulated (+ = 85/100
City Index caters to over 150,000 traders, and the overall products and services qualify it as a prime brokerage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The City Index Trading Platforms
- With the City Index MetaTrader 4 account you get access to Expert Advisors from FX Blue, more than 80 currency pairs, and a wide range of charting tools.
- A premium service is also available at City Index and Plus500 alike for a balance of $10,000 and by invite-only, respectively.
- Simply click on the “Account” section on your dashboard or trading platform.
- City Index provides customers dedicated 24/5 customer support in over 180 countries.
- Trading Central, a leader in independent third-party analytics, powers a comprehensive technical analysis suite, embedded inside the AT Pro platform.
Some of the popular options are Wire transfer, Credit/debit cards, PayPal. In my interactions, the support staff were knowledgeable and quick to resolve my issues. Whether it was a question about trading conditions or assistance with the platform, I found their responses to be prompt and helpful. For more detailed information on deposits and withdrawals, you can refer to the City Index help center. However, its major con is pricing as most of the spreads charged are above the industry average. City Index stands out for its long-lasting reputation in the industry and straightforward trading services.
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. City Index Trading Review provides a range of trading platforms including WebTrader, MetaTrader 4, and mobile apps, catering to various trading needs. Moreover, the trading platform has regular supervision of electronic trading systems.
ETX Capital Interview
You can trade across diverse financial markets, including Eurodollar, Euribor, and Short Sterling rates, and profit from both rising and falling interest rates. UK-based with over 40 years of experience in financial markets, City Index is part of NASDAQ-listed StoneX Group Inc. The Customer Service team is passionate about providing every customer with an outstanding experience and they will be delighted to know they hit the mark with you.
In terms of non-trading fees, City Index does charge an inactivity fee. If your account is inactive for 12 months, you’ll be charged £12 per month. While this isn’t a dealbreaker, it’s something to be aware of if you don’t trade frequently. Trade of cryptocurrencies is a high risk investment, not suitable for all investors.
A 12-week demo account with 10,000 credits is available for both retail and professional traders to explore and make a clear decision on whether City Index is a worthwhile broker. City Index provides customers dedicated 24/5 customer support in over 180 countries. Traders can contact City Index customer service by phone, email, or live chat.
A margin calculator allows traders to calculate the cost of placing a trade. Traders should consult the City Index products section of the website for specific leverage allowances for each financial instrument. Each financial instrument also has specific City Index margin requirements that traders must maintain. There is no minimum deposit to open a real trading account, although City Index recommends $/£/€100 to get started. Like other brokers, City Index offers a particular set of products in different countries, based on what they can and cannot do by law. City Index is legit and considered a low-risk broker because of their regulation in multiple jurisdictions including Singapore.