City Index offers day traders a competitive trading environment with price improvement technology and deep liquidity. City Index assumes that retail clients rely on them to get the best execution. According to City Index’s documents, it is possible that your orders are executed by a trading desk. The deposit & withdrawal of funds at City Index is easy and convenient. Simply click on the “Account” section on your dashboard or trading platform.
City Index Account types
- They provide CFD trading on various instruments and spread betting services with zero commission for currency pairs.
- AT Pro, the proprietary trading platform of City Index is an excellent gateway to financial markets.
- The forex broker offers you adequate trade tools for market analysis and links to third-party research providers can help you in the decision-making process.
- It’s been over a week since the ASX began retracing from its record high, and with prices now trying to form a base above the monthly pivot point and historical weekly…
- The execution of trades, the adjustment of the minimum trade size required and the faultless and quicker cash withdrawals mean that the platform once again deserves the 5 star review.
It is considered a safe and reliable option for traders and investors. As a result of the global outages impacting a third-party company, City Index experienced an interruption to our services. We apologise for any inconvenience caused and appreciate your patience in this matter.
- The cryptocurrency market in the City Index is also widely represented and includes Bitcoin, Etherum, Bitcoin Cash, Litecoin, and Ripple.
- Withdrawal and other fees are fully disclosed on an easy-to-read pricing page that contained few omissions.
- It also isn’t clear how much spreads widen during off-market hours, raising the potential for unanticipated trading costs.
- Cryptocurrencies and options exhibit extreme volatility, while futures can also lead to significant losses.
- Finally, you agree to the terms and conditions and click on ‘submit application’.
- More experienced traders may want to check out the City Index MT4 or AT Pro platforms.
other staff just tell me my account is not working.
The new HTML 5 charts offer advanced tools that will help you execute your trading strategy with precision. City Index allows you use any unrealized profits from open positions to fund any new positions you might wish to open. City Index will close trades if funds fall below 50% of the margin requirement.
Overall, my experience with City Index has been overwhelmingly positive. The platform is user-friendly, the fees are competitive, and the regulatory status provides peace of mind. Whether you’re new to Forex trading or an experienced trader, City Index offers the tools and resources you need to succeed. Also, based on our team’s first-hand trials with this forex broker we can confirm that City Index offers a large selection of tradable instruments giving traders enough trading opportunities. Our meticulous research on this broker indicates that City Index offers users a demo account for 12 weeks with a balance of £10,000 where they can trade over 13,500 markets risk-free.
Instruments Traded
The broker also provides how-to articles on each of the major trading venues as well as a full-featured help and support database. City Index mobile versions for iOS and Android allow easy synching between platforms, with well-organized menus but fewer features and limited customization. Account holders can set custom price alerts, build watch lists, chat with customer service, and do basic charting, but the apps don’t provide a real alternative to the standalone or web platforms. Fortunately, the order interface looks identical to the desktop and web programs, allowing adequate risk management while on-the-go. City Index offers an excellent educational platform and supports algorithmic trading, while Plus500 remains a better choice for manual traders seeking a high-quality execution-only broker.
This openness not only underscores the brokerage’s commitment to transparency but also empowers traders by giving them a clear view of the financial landscape they are engaging with. City Index offers a transparent and structured pricing model designed to cater to a diverse range of traders, from casual investors to high-frequency professionals. One of the standout features is the absence of a minimum deposit requirement, allowing traders with varying capital bases to engage with the platform without financial barriers at entry. However, a limitation of City Index’s algorithmic trading support is the absence of virtual private server (VPS) hosting directly offered by the broker. VPS hosting is crucial for maintaining uninterrupted automated trading, as it allows traders to run their strategies 24/7 without dependency on local hardware. In addition to AT Pro, City Index offers the popular MetaTrader 4 (MT4) platform.
This makes it appealing to those who prefer reading and working through complex ideas systematically. However, it is important to acknowledge that, despite the breadth of written materials, the quantity of video resources is somewhat lower compared to leading educational brokers. Video content can be particularly beneficial for visual learners who prefer engaging with material in a multimedia format. Overall, this review aims to equip you with the necessary information to evaluate City Index as a viable option for your trading endeavors. By highlighting its key features, strengths, and potential areas for improvement, we aim to assist you in making an informed decision regarding your choice of trading platform. Trading platform is a tool where you can buy or trade https://traderoom.info/city-index-forex-broker/ an instrument with only some clicks on your device, anytime and anywhere you want.
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. However, trading CFDs can be highly risky and is only recommended for informed traders. City Index reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.
City Index Trading Platforms
While the positions are closed to protect users’ funds, it is done at the best possible market price. UK-based brokerage City Index, now part of publicly listed US company StoneX, is a well-trusted company offering its advanced proprietary trading platform alongside MT4. City Index also delivers high-quality research, including its newly launched SMART Signals service, while beginner traders get an excellent educational platform. Investing in assets such as stocks, bonds, cryptocurrencies, futures, options, and CFDs involves considerable risks. CFDs are especially risky with 74-89% of retail accounts losing money due to high leverage and complexity. Cryptocurrencies and options exhibit extreme volatility, while futures can also lead to significant losses.
This information conflicts with other site disclosures and contact with a sales agent through online chat confirmed that professional status isn’t required to use the software. Fee and spread disclosures provide extensive transparency, but it was difficult to find options costs. 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 ranks among the leading brokers with a quality trading environment.
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