City Index Review 2024 Pros, Cons and Alternatives

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You can contact the customer service personnel by phone or via chat. 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. CFD traders can trade on options, indices, currencies, commodities and bonds are commission-free, and you have to pay commissions for CFDs on shares, which vary depending on the market you want to trade. 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.

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City Index Alternatives with More Users

The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. The City Index’s own mobile trading platform is very well designed and user-friendly. It can be a good mobile trading app for beginners as it has tutorials and demo instructions that teach you how to use the app. If you have a biometric mobile, you can set your app to biometric verification, which gives that extra element of security.

City Index Desktop Computer and Mobile Device Support

Its regulatory oversight within DIFC has helped establish the UAE as a world-class financial hub, attracting businesses, investors, and professionals from across the globe. Dubai Financial Services Authority (DFSA) is a regulatory body that operates in Dubai and the United Arab Emirates (UAE). DFSA regulates financial services within Dubai International Financial Centre (DIFC), an economic zone developed to establish a world-class financial hub in the UAE. Compare CySec regulation with City Index and alternative brokers here.

T4Trade Review

The platform provides its clients with several ways to trade Forex, including CFDs and spread betting. If you reside in the United Kingdom, we suggest you choose the spread betting Forex option because the profits you generate are exempt from capital gains taxes. The latter are imposed on profits realized from selling non-inventory assets like stocks, bonds, real estate, and precious metals. An education section features written how-to-trade tutorials that are organized into eight sections. However, just four of the six open to standard course materials while the others duplicate research or marketing content found in other sections.

Client Support

Withdrawal and other fees are fully disclosed on an easy-to-read pricing page that contained few omissions. A side-by-side comparison of account types shows that AT Pro is only available to professional traders (an ESMA designation that requires a large account and industry experience). 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. is for informational purposes only and not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors.

Deposit Methods

They will guide you with technical analysis and keep you updated on news of top-notch agencies like Reuters. The funding and withdrawal on account are swift and easy to follow. Once you open an account with City Index, it will initiate your self-learning phase. Shortly, you will be able to make informed decisions and improve your strategies with the excellent range of provided tools.

  1. City Index is a one of the world’s leading trading brokers offering thousands of financial instruments to traders worldwide.
  2. The broker also has authorization from the Monetary Authority of Singapore (MAS).
  3. An index broker is a financial professional or firm that facilitates the buying and selling index-based financial products.
  4. We provide broker reviews and ratings to help users find a suitable broker according to their own needs.

What is the minimum deposit requirement for opening an account with City Index?

city index alternative

The downloadable desktop platforms available to use with City Index are AT Pro and the hugely popular MetaTrader 4 (MT4). Eligible clients are also protected by the Financial Services Compensation Scheme (FSCS) and in the event of liquidation, clients may be entitled to compensation through this scheme. StoneX Financial Ltd is authorised and regulated by the Financial Conduct Authority (FCA). They are also regulated by the well-respected Australian Securities and Investment Commission (ASIC) and Monetary Authority of Singapore (MAS).

While these currency pairs may offer the potential for higher returns due to their higher volatility, they also carry higher risks. It’s important to conduct thorough research and analysis before trading in any currency pair, including exotic ones, and to have a solid risk management strategy. Therefore it is always good to check how City Index fees compare to City Index competitors.

city index alternative

Check on how easy or difficult it is to use if it is intuitive enough. An ECN brokerage provides clients direct access to the buying and selling market orders at attractive prices between market participants, usually on foreign exchange markets. Examples of exotic currency pairs include EUR/TRY, GBP/ZAR, and AUD/MXN.

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. I found the accounts to have tight spreads, low margin requirements and fast trade execution speeds. Real-time financial news from Reuters provides you with data and market reports directly into all trading platforms and apps.

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. The platform is your tool of trade, and you’ll want a clear system that quickly executes transactions.

76-85% of retail investor accounts lose money when trading CFDs with this provider. The City Index trading platforms can be customised to suit individual traders needs with over 16 chart types, real time news from Reuters built-in and 80+ technical indicators to assist you with your market analysis. I like how you can enable one click trading and set maximum slippage on orders. Cheaper is not always better when looking for a City Index alternative. Some City Index alternative trading platforms have slightly higher fees,but offer a wider range of tradeable financial instruments, education resources and more accurate trading tools.

Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators. Traders with significant experience can qualify for Professional Trader accounts after meeting specific criteria outlined by City Index. This account type comes with broker-assisted trading and the service of a professional client-relationship manager. However, there is no negative balance protection here and the leverage for the available instruments is higher.

Founded in 1983, the company boasts more than 35 years of experience in this field, which alone is quite impressive. Its platform is preferred by traders because of its fast and highly reliable service. If you are serious about trading you may be looking for a city index review with abetter set of features and fees that match your trading requirements.City Index is no exception to the rule that no broker is flawless. City Index is one of the oldest financial services provider agencies established in Sep 1983 by Chis Hales and Jonathan Sparke. City Index is the subsidiary of GAIN Capital and Belongs to the industry of Financial Services.