Spread Betting, CFD & Forex Trading

cityindex broker

Access an unparalleled trading experience with the help of TradingView’s supercharged charting tools across browser and desktop apps. The ECB are expected to cut their benchmark rate for the first time in 8 years in a few hours. Yet as it has been so well telegraphed and they seem unlikely to provide promise of further cuts just yet, we suspect upside potential for euro pairs once the dust has settled. And with Wall Street at new highs and appetite for risk on the rise, EUR/JPY looks good for… While we think City Index offers a lot of benefits to traders, we view these two factors as major disadvantages.

Award-winning provider

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. But you may also be asked to provide supporting documents if we cannot verify the information provided – this could include a government-issued photo ID and proof of address. The accrued interest will be credited to your account based on the previous month’s funds the following month. Stay close to the latest market moves with our expert analysis and integrated Reuters newsfeed. From personalised Performance Analytics to AI-powered SMART Signals, you have a wealth of exclusive trading tools at your disposal to maximise your trading potential.

Open an account in minutes

Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). In addition to this, the streaming charts available in the app provide you with the chance to see the latest market information in real time format. Just because the screens on mobile devices are smaller than the screens many traders might be used to, doesn’t mean that the full value of this kind of data can’t be extracted and used. TradingView Platform is a downloadable, professional trading platform with enhanced functionality.

Regulation & Deposit Protection

With that in mind, this Cityindex review will look at how the app puts Cityindex in the running for the best stock broker. City Index was founded by Chris Hales and Jonathan Sparke in September 1983 and started trading in March 1984 offering spread betting. During 2005, City Index acquired the IFX Group, in doing so procuring FX broker IFX Markets and spread betting provider Finspreads.com. The following year, the group opened offices in Sydney, Singapore and Shanghai to serve clients across the Asia Pacific region. They operate on multiple platforms and devices and are a well-established, regulated firm.

Is City Index a market maker?

  1. Other brokers like Plus 500 and eToro allow unlimited use of their demo platforms and a link to the live platform.
  2. The final section focuses on teaching advanced concepts including trading strategies.
  3. The real-time margin calculator can help to keep your trading decisions under control.
  4. Traders in Australia can also choose the RAW FX account type which has low commissions starting from just USD 5 or AUD 6 while Singapore traders have the option of a DMA account.

It is worth noting that there is no negative balance protection on this account. You can also keep on top of the latest market news with City Index’s expert analysis. They even provide clients with an experienced relationship manager for insight and trading support. AT Pro is designed for advanced traders who need more powerful analysis tools with improved speed and efficiency. It includes a fully customisable layout so that you can build your own personalised trading templates in C#, .NET and Visual Basic or choose from the hundreds of pre-built trading templates. I think it important to keep in mind that the trading product and services that you will have access to can depend on your location and entity of the broker that you open an account with.

How To Verify Your City Index Account

In addition to these methods, traders can also find the answers to a range of frequently asked questions in the FAQ section of the brokerage’s website. The weekly forex outlooks and forecasts published every Monday morning at 10.00 am is another insightful tool that will prepare forex traders for the week ahead. To help prevent negative balance protection from needing to be activated, a margin call system is also used. When your margin indicator level drops below 100%, you will be notified by email to top up your account balance or close some trading positions. This means you need enough balance in your account across open and closed positions to cover your required margin to hold your position.

cityindex broker

cityindex broker

The combination created a new global firm with operations in more than 150 countries and annual trading volumes in excess of $3 trillion. In 2014, Michael Spencer, the founder and controlling shareholder of City Index, sold the company to GAIN Capital Holdings for $118 million. The combination created a global firm with operations in more than 150 countries and annual trading volumes in excess of $3 trillion. In 2001, the firm introduced CFD trading, and in 2006, with the acquisition of IFX Group, City Index entered the forex marketplace. In 2008, City Index expanded its presence in forex with the acquisition of FX Solutions.

Information on fee schedules was conflicting, and it was hard to find cost comparisons. They offer fixed and/or variable spreads, depending on venue, but the disclosures would greatly benefit from side-by-side cost itemization. It also isn’t clear how much spreads widen during off-market hours, raising the potential for unanticipated trading costs. City Index offers over 13,500 markets with ultra-tight spreads and low commissions.

City Index is a global FX and CFD trading provider proudly serving Australians since 2006. Accounts can be opened in a good range of currencies including USD, GBP, EUR, CHF, JPY & NZD. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. You simply choose the account type that you require and complete a short online form.

I found the accounts to have tight spreads, low margin requirements and fast trade execution speeds. AT Pro has an advanced charting package with over 100+ indicators and a vast range of drawing tools for your market analysis. There is a back testing excel tool that allows you to test trading signals performance over historical data. It also has a customisable economic calendar, real-time news from Reuters city index review and analysis portal that automatically scans the markets for chart patterns based on technical and fundamental analysis. This can save time from manually researching the market and present potential trading opportunities. 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.

BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing. 69% of retail CFD accounts lose money You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. City Index has built an impressive research portal, with in-house analysts providing daily market outlooks and updates through a tag-based news page that’s full of fundamental and technical reports.

We help traders grow, giving them the tools they need to improve their trading skills. We’re an award-winning, multi-asset financial services provider with 40 years’ experience in supporting our clients – providing instant and secure access to global markets. The broker also provides users with demo accounts if you would like to test the different trading platforms and conditions before opening a real account. Do keep in mind that factors such as slippage and spreads can vary from demo to real accounts. City Index offer a selection of different trading accounts that allow for fast, easy payments and secure withdrawals. If you are primarily looking to trade currency pairs, the Spread Betting and CFD accounts will give you full access to their FX range with spreads from just 0.5 points.

cityindex broker

Perhaps the single aspect we like most about City Index is the vast range of CFD trading options it offers. The standard MT4 platform is also available for traders to use on their web browsers using WebTrader. When setting https://forexbroker-listing.com/ up the account, we found the opening process to be easy and straightforward. City Index offers a multi-currency deposit solution and can accommodate 9 base currencies (EUR, GBP, USD, CHF, HUF, AUD, CHF, JPY, PLN).

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 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.

Whilst we wait for it to decide which of the two it is, we’re looking at a cheeky swing trade long idea heading into the weekend. 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.