This means, for example, if you deposited with a debit card, you may only withdraw back to that same card. The withdrawal method you choose must also be registered on your account. The only fee to consider may be a small conversion fee if you are depositing a non-base currency.

Indices

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. Investing is available on the City Index platform 24/5, as per the forex markets. However, trading hours for shares and indices may be limited to their local market hours, depending on the specific asset. Pre-market and after-hours trading is also available on a selection of US stocks. As with Web Trader, MetaTrader 4 is available with a risk-free demo account for practice trading.

Fidelity Trader+ Review

City Index provide a good range of deposit and withdrawal options without any fees to be aware of. Charting was a strong suit, with excellent charting tools and over 90 technical indicators to choose from in addition to an assortment of drawing tools and trading tools. In terms of assets available, City Index has more than 84 currency pairs, over 4,700 global equities, and more than 40 global indices and commodities. We may receive compensation from our partners for placement of their products or services, which helps to maintain our site. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products.

For the EUR/USD pair, the lowest possible margin is £30, so I’d recommend depositing at least £100 initially if you want to make several trades. To help calculate how spreads impact trading fees, I advise you to use the fee calculator I created. This gives you a way to compare City Index with their main competitors. Quickly compare vetted accounts to see which providers are most appropriate for you. When I compared the fees at City Index to those at CMC Markets, City Index came in slightly cheaper for trading forex.

There are no welcome bonus offers available from City Index due to its FCA regulation. Increasing the availability of multilingual support would cater to a more diverse client base, enhancing accessibility for non-English speakers. The FAQs are well-organized and provide detailed information, but I would appreciate some hands-on video tutorials on specific topics, like those at Axi. What I also like best about this highly customizable charting platform is its 100% synced layouts, watchlists, and settings across desktop and mobile devices. The system then automatically updates the order with the latest price, which saves me a lot of time and reduces errors. It’s worth remembering that even if a broker operates under tight regulation, it can break the rules.

• Trading under MAS regulation only you may redeem 1 year of free access to The Wall Street Journal.
• The minimum commission rates are £10, $10, or €10 depending on the area.
• Up to three debit or credit cards can be used for an account across Visa and MasterCard.
• With 84 currency pairs available for spread betting, City Index has positioned itself as one of the UK’s top choices for forex trading.

FP Markets

There is a total of 90 technical indicators on City Index to choose from. With City Index, you can keep yourself self-educated via Reuter’s updated financial news. Besides this, they have an analysis report generated by City Index’s research team. Overall, the broker has a comprehensive range of research resources at your disposal.

City Index owner Stonex acquires Chasing Returns to help traders understand what they are getting right (and wrong)

The value of your investment may fall as well as rise and you may get back less than your initial investment. InvestingReviews provides you with independent reviews and comparison services to help you on your investing journey. Our website is 100% free for you to use and we may receive compensation from brands featured on our site, however, compensation received will have no impact on our editorial, guides and reviews. Research tools at City Index are excellent with access to a range of charting tools, a quality news feed, and good trading ideas.

The broker has easy to use platforms and flexible trading conditions along with ever-green customer support which make it a user-friendly environment for every user, regardless of your investment size. City Index enables you to practice on demo accounts and enjoy almost zero commissions. The minimum deposit requirement is as low as 100$, which is very reasonable when compared to their direct competitors. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

City Index provides access to a growing roster of over 13,500 global markets, a huge library that offers a broad spectrum of opportunities. The major difference is that spread betting is exempt from capital gains tax, allowing you to keep all your profits. It offers one of the best ranges of markets I’ve seen, allowing you to bet on most major instruments. I appreciated the access to the Futures markets, which allow you to bet on longer-term ideas without paying overnight financing. For educational content, City Index offers nine online lessons focused on technical analysis.

• People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
• It also offers a wide range of drawing tools, such as trend lines, Fibonacci retracements, and Elliot Wave patterns, making plotting advanced strategies easier.
• His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
• Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.
• Retaining this many active traders isn’t easy, and it shows that most people have a positive experience with the broker.

To get some of these features, you will need to be using the City Index Trading Platform. As mentioned previously, City Index’s leverage structure is relatively low. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. Whether you’re scalping EUR/USD at 0.0 spreads (with fixed $7 commissions per $100K traded) or deploying advanced strategies on MT4, MT5, cTrader, TradingView or NinjaTrader—you’re in full control. City Index seems to have matured nicely though, it’s grown out of its lumbering adolescence under the ownership of Gain Capital and is now owned by US Behemoth StoneX (previously INTL FCStone).

City Index provides traders with fast, flexible, and reliable trading platforms that are available in multiple versions — desktop, web, and mobile. With over 16 chart types, real-time news from Reuters, and 80+ technical indicators, the City Index trading platforms can be customized to suit individual traders’ needs. Fixed spreads might be offered on certain instruments and in certain trading periods. City Index quotes the minimum spread plus the average spread for a historical period. Additional commissions and fees exist only for CFDs on equities and they vary for different markets. I have been with city Index since 2008 and have both CFD and Spread Bet accounts.

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. If this is something that you are looking for then you could consider FXPRIMUS as an alternative broker . No, you don’t but they may ask some question to ensure you understand the risks of CFD trading before accepting you as a client. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.

For UK and most European equities, the charge is 0.08% while for the US this is 1.8CPS, and 0.2% for Asian shares. The minimum commission rates are £10, $10, or €10 depending on the area. Visa, MasterCard, Maestro, and Electron are all supported by the broker, and deposits using your credit or debit card are completed instantly. City Index does not generally require any minimum deposit though this may change based on your location. Magin and leverage limits with this account type remain the same as the other accounts.

Sometimes I can find the desktop version to be a bit clunky, but the app is really slick, and clearly in our mobile-first world, where all the recent development has been focused. If your account has been inactive for 3+ years (1+ years for professional traders) the broker will need to reassess your trading experience and ensure to have your up-to-date contact details. They also reserve the right to close your account if your funds cannot cover the inactivity fee. This ultimately makes it a very accessible account type and with excellent value spreads that stay tight and start from 0.5 pips on forex or 1 pip on major indices. The average spread on the EUR/USD with this account type is 0.8 pips and no commissions are charged with the exception of shares. A demo account is the best place you can get started either as a new trader trying to learn or as a new client checking out the broker.

Users can contact City Index via its UK-based phone hotline or live chat facility for problems that require additional guidance. Live chat operates 24/5 alongside the forex markets, whilst the helpline is available during UK office hours. Knowing that a broker is available to help with problems or complaints goes a long way to reassure investors of the legitimacy of a platform. To this end, City Index provides several avenues for customers to receive help. Disappointingly, login is not protected by two-factor authentication for the UK brokerage, even though the Singapore sister platform supports 2FA.

I like that the platform uses TradingView charts, which I think is the best available for technical analysis. city index review One of my favourite tools on the City Index platform was the Performance Analytics feature. I linked my spread betting account to track my trading results, automatically while testing the broker in real-time. City Index offers only one spread betting platform – the City Index Web Trader.