City Index

City Index forex broker
Payouts:
Min Deposit: $100

City Index

  • Online Since 1983
  • Spread as low as 0 pips
  • Leverage Up to 1:500
  • 5 Digit (5 Decimal Pricing)
  • MetaTrader 4, WebTrader, AT Pro Platform
  • Regulation:FCA UK, ASIC Australia, MAS Singapore
  • Scalping, Hedging, EA Robot, News Trading allowed
  • Payment options : Bank wire transfer, Credit and Debit Cards
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Details

Broker City Index
Website URL www.cityindex.co.uk
Founded 1983
Headquarters London, UK
Support Types Chat , Email , Telephone
Languages English
Trading Platform MT4, Webtrader, AT Pro
Minimum 1st Deposit $100
Minimum Account Size $100
Minimum Trade Amount 0.01
Leverage up to 500:1
Spread Starting 0 Pips
Free Demo Account Yes
Regulated Yes
Regulation FCA UK, ASIC Australia, MAS Singapore
Deposit Methods Credit & Debit Cards , Wire Transfer
Withdrawal Methods Credit & Debit Cards , Wire Transfer
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 9.396

Why Must Trade in City Index Forex Broker ?

  • Online Since: 1983
  • Spread : Starting 0 Pips
  • Leverage Up to 1:500 for Australian
  • 5 Digit (5 Decimal Pricing)
  • Platform : MT4, Webtrader, AT Pro
  • Regulation: FCA UK, ASIC Australia, MAS Singapore
  • Scalping, Hedging, EA Robot, News Trading allowed
  • Payment options : Wire Transfer, Debit and Credit Cards

Click Here to Open Account with City Index

Review of forex broker City Index

City Index is one of the leading forex brokers in the world. It mainly deals with CFD, FX and spreading betting with over 12,000 global markets across shares, commodities, indices, and forex. Their trading platform has a variety of customization options like 15 chart types with over 65 indicators that help traders perform technical analysis. City index is regulated by the FCA in the UK. Here is a comprehensive review of the forex broker.

Fees and commission

City index offers competitive spreads of CFDs and forex as well as spread betting products. It has an average spread of 0.69 pips on the advanced trader platform and about 1.6 pips n the MTF platform. In general, city index ranks high in the fees and commission category for small lot traders. You also stand to gain discounts through the active trader platform that would help lower the trading fees further if you are a high volume trader. In 2016, city index changed its spread model to variable pricing from fixed pricing to help decrease the fees and commission that clients pay. It now offers both of the pricing options.

Account types

City index offers three main types of accounts, demo, standard, and VIP accounts. For the standard account, the minimum deposit is 100 USD and can be used to trade CFDs, spread betting and forex. For the VIP account, city index doesn’t specify the minimum deposit amount but it comes with lots of benefits and privileged bonuses that aren’t available in the standard account. City index also offers two types of demo accounts, city index demo account, and MT4 demo account. The demo account is valid for two weeks and is offered free of charge. City index demo account allows unlimited access to the trading platform and has a preloaded virtual balance of 2500 USD. MT4 demo account, on the other hand, comes preloaded with 10,000 USD virtual cash and allows unlimited access to the trading platform.

Deposits and withdrawals

Currently, city index supports three main types of payment methods, debit cards, credit cards, and bank wire transfer. You aren’t charged to make deposits but you should note that Citibank cards shouldn’t be used to any spread betting accounts. When withdrawing, you are supposed to use the same method used to deposit. The minimum withdrawal amount is 50 USD while the maximum withdrawal amount is 20,000 USD. The completion of the withdrawal process depends on the bank withdrawal wait time. Some take up to five days while others are instant.

Education tools

City index has lots of educational materials like video tutorials, webinars and a trading academy that offers trading tips. They also have textual how-to guides that aim to equip beginners with several trading tips as well as extensive videos for traders of all levels. They have free seminars that range from the basics of trading to more advanced strategies and techniques that are offered by experts in the industry. These seminars are designed to give traders an opportunity to practice real-time trading under supervision from trading experts from city index.

Tools and platforms

City index offers three main trading platforms, MT4 and AT Pro. The MT4 platform is well known for its customizable indicators and trading capabilities. The platform also uses the AT Pro software for windows. The AT Pro supports automated trading and has over a hundred preloaded strategies. The AT pro is for the experienced traders because it is complex and has a few advanced functions.

Research tools

The website has premium research tools recognia and faraday research. Recognia is a tool that is available free when you open a live account with city index. This tool mainly focuses on pattern recognition and automated technical analysis that provides Strong and bearish events that you can use to assess trading ideas depending on the technical expectation and market sentiment.

Customer support service

City index has an active customer support team that is available all day and all night via email, live chat, and telephone. You have the chance of leaving a message on their website and they will contact you as soon as possible. Their service is excellent and can be reached conveniently via any of their pages. Their support service is available in different languages depending on where the trader comes from.

Conclusion

City Index is one of the most reliable forex brokers in the world. They have all the information needed by a trader and have easy to follow guides for new traders. Furthermore, their customer support service is readily available in case you have any difficulties using the platform. All in all, the website is awesome and can be recommended to any kind of trader, whether a beginner or an expert.

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