City Index Review
City Index general information
|Founded in:||2001 year|
|Minimum Deposit:||250 $|
|Execution model:||NDD, ECN|
|Deposit currency:||USD, EUR|
ASIC (Australia) license №13-076MR
FCA (United Kingdom) license №113942
|Mobile trading:||iOS, Android|
|Types of offered accounts:|
Unlimited Demo Accounts, Standard Accounts, ECN accounts
City Index Forex broker description
The city index forex has 3 trading accounts each designed to suit the clients' taste and preferences. However, some of this accounts have restrictions on joining them. These accounts are the trader account, premium trader account and the professional trader account.
The City Index Trader Account
A nice retail account that is suitable for both new and professional clients. It has zero restrictions on opening the account in addition to it being easy to use. Among the perks that come with using this type of account are:
- Competitive support and 24 hours trading.
- Never lose more than your initial deposit.
- You can trade on an award-winning platform.
- Best execution rates.
- Negative balance protection.
The City Index Premium Trader Account
This account is accessible for a sign up only by means of an invitation. A priority service account with a dedicate relationship manager to their active clients as well as having risk management on every trade placed.
The account comes with many benefits which include:
- Competitive pricing.
- Protection against loss by never losing more than your initial deposit.
- Get priority top-notch service from their qualified and dedicated relationship manager.
- Access to credit facilities.
- Receive of loyalty rewards.
The City Index Professional Account
This is an account specially designed for experienced traders with a history of a good trading regime. A certain criterion is set and the traders who pass it are able to lay their hands on this fine account. A trader will be guaranteed benefits from this account including:
- Margins from 0.25%.
- Credit services as well as broker-assisted trading.
- Have access to a dedicated relationship manager.
- Access to an excess of 12000 markets including indices, shares, cryptocurrencies and commodities.
- Access to loyalty rewards.
The Company. Security Of Funds
City index forex traders is a global forex trader with a niche in stock trading, contracts for difference trading, foreign exchange trading and also spread betting. With almost four decades in the industry, the trader has vast experience in trading. They also have the ability to predict forthcoming trends in the industry and how to manage through this many trends.
City index forex is located in the business serene environment in the heart of London, a major business hub worldwide. This helps in getting the right conditions as well as knowledge of the vast forex markets worldwide. This trader is also a world leader in spread betting and is well known in this sector as one of the best brokers you can get according to City index customer reviews and comments .
Your funds with city index traders are guaranteed the utmost safety and security. This is courtesy of their regulation and authorization by notable bodies in the foreign exchange sector. City Index has been regulated by the financial conduct authority (FCA). The trader operates in accordance with the body’s rules and regulations in client money. Apart from regulation they also have the following parameters to help in the safety of clients’ resources:
- Segregated bank accounts that separate clients’ money from city index’ operational resources.
- Financial compensation scheme in case of liquidation.
- Safe and free withdrawals and deposits.
Minimum Initial Deposit
The minimum initial deposit for your account at city index forex traders is 100 Great Britain pounds. This ensures you have enough capital to cover up the margins for your first trade and shield you against losses. Minimum stakes and bets go for 50p per point while minimum trade for CFDs is one CFD unit.
Commissions And Spreads
There is no commission charged on spread betting and in CFDs, it is only charged for shares. A leverage is also applicable in that you get a loan to maximize on a given outcome.
City index traders has a host of trading platforms which have been tagged as an award-winning due to their many features which provide the best client experience. They are customizable and provide superb statistical and analytical tools which are essential in the forex sector. The platforms are powerful and receive real-time news from Reuters to guide you in your foreign exchange market prospects.
Among the platforms are:
I. The Advantage Web Trading Platform
The advantage web platform is superb, highly customizable browser-based trading platform that comes with awesomely powerful tools and features that will guarantee you a fit customer experience. Among its benefits are:
- Fast one clicks through its well-presented visual charts.
- Research portal that identifies the best opportunities that are suitable for you.
- Smart risk management with the stop loss orders feature
- Actionable trading ideas.
II. Mobile Trading Apps
A very nice innovation that takes advantage of the increased use of mobile phones by this generation. By using the mobile app platform that is available for both iOS and android devices you are able to execute trading orders by the touch of your phone. This gives it the versatility feature which is lucrative more so for a financial service.
The iOS platform is compatible with iPad and iPhone devices while the Android platform is compatible with the Android operating system run devices.
The perks of this platform are:
- Trade anytime anywhere with the help of your mobile phone.
- Receive the latest news on the market courtesy of Reuters.
- Trade across a host of devices from a computer to tablet.
III. Meta Trader 4
A nice platform with fast execution speed, impressive trading tools as well as ultra-tight spreads. Using this platform, you will benefit in the following aspects.
- Professional charting.
- Customized indicators according to your preference.
- Expert advisory services.
The following are the promotions and offers associated with city index traders:
Refer a friend promotion where you get a bonus upon the referral of a friend or associate.
The rebate scheme where you get some rebate dependent on your account balance.
Depositing or withdrawal of funds from your account is simple. On withdrawal you will go to the withdraw icon where you will be directed to another page, here you will enter the amount and I preferred destination be it a bank account or an e-wallet.
On depositing, you will send money directly to the assigned account number and will reflect on your account balance.
BRIEFLY ABOUT City Index Forex
City Index is a very credible trader which can be clearly seen by its resiliency in this unpredictable world of foreign exchange for almost four decades. Its products are well textured to meet individual clients’ needs in addition to offering an awesome customer service. This is a highly recommendable trader or anyone who want to plunge into the waters of forex trading.
Trading accounts of City Index
|Trading platforms:||MetaTrader 4, Meta Trader 4 Mobile|
|Minimum Deposit :||250 $|
|Deposit currency :||
USD - US Dollar|
EUR - Euro
Number of currency pairs: 63
Amount of assets : 4600
Minimum position size:
Contacts of City Index
Recent customer reviews of City Index
Advantages: Bonuses and contests Affiliate Program License Simple withdrawal of earnings
Disadvantages: Technical failures
Comment: The broker boasts a large set of trading tools, including hedging and scalping. It is also possible to choose a convenient model for work here, which many other brokers do not offer. In general, the platform looks reliable and focused primarily on convenience.
Advantages: Favorable conditions for trading in different financial markets Fast execution of orders Large selection of assets Information about quotes on the broker's website Multilingual tech.support
Comment: I have known this broker since the time when he brought to the market a unique algorithmic trading product, RoboX, a platform for compiling investment portfolios. Not so long ago, I received an Ilan adviser with detailed settings from a broker in the mailing list, and such interesting things come from them often. I can't say that I am completely delighted with this broker, because I have serious complaints about market" spreads, but this broker is quite suitable for trading with Expert Advisors."
Advantages: A wide range of trading instruments Both floating and fixed spreads are available to users
Disadvantages: Complaints about withdrawal problems and support work
Comment: I do not complain about trading, the speed of execution is within the norm, the stops work. The first time there was a long withdrawal, $ 50 hung for 10 days. At the same time, "In processing" was displayed. I turned to support, promised to fix the situation, and as a result, within a day everything was brought out without problems. Broker City Index is focused on cooperation with more experienced traders who prefer active trading in various markets.