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. Each of these platforms offers unique advantages, giving traders the flexibility to choose the one that best suits their trading needs and experience level. The MetaTrader 4 (MT4) trading platform includes a plethora of built-in capabilities that are supplemented by City Index’s service, support, and pricing. MT4, created by the Russian software company MetaQuotes, is possibly the most frequently used trading platform and is usually regarded as the most user-friendly. It has a short learning curve, making it appealing to beginning traders while also providing enough advanced capability for seasoned traders. City Index provides mobile trading apps for iOS and Android, allowing you to access your account from anywhere you are in the globe at any time.

• While it’s not a scam, as with any trading platform, it’s essential to understand the risks before trading.
• The minimum trade size here is low and accessible at just 50p per point, and no commission is charged.
• MT4 is available for City Index traders – albeit with fewer markets to trade – and MT5 is only available in select regions for City Index clients.
• You can trade across diverse financial markets, including Eurodollar, Euribor, and Short Sterling rates, and profit from both rising and falling interest rates.

Indian Stock Market

• Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings.
• Using a strictly regulated trading broker helps to ensure security of client’s funds.
• This makes it really easy to start using and it operates with a host of advanced charts with custom indicators and is fast and reliable thanks to the HTML5 technology it employs.
• You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.

You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Most users rate City Index highly and feel particularly reassured by their high quality regulation and consumer protection mechanisms. Many users also mention the range of educational resources on offer for all traders.

Is City Index a regulated broker?

This is, however, a nice problem to have and reflects the amount of powerful software tools which are available to use. Clients of City Index are able to choose between the MetaTrader MT4 and the AT Pro in-house platforms. The Demo account has all the functionality of the live account but is only available for a fixed period.

We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. City Index has a long-held reputation for being an ideal choice for those looking to trade the forex markets. It supports trading in more than 84 currency pairs which means clients can trade major, minor, and exotic currency pairs. Being a global broker means it has direct access to international markets which ensures good liquidity flow and competitive pricing. The support and resources made available to traders is designed to offer something for everybody, from beginner to the more experienced.

Additionally, City Index complies with the Markets Financial Instruments Directive. This is an EU regulation aiming to enhance protection and fair competition between providers. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. Learn more about FOREX.com powerful trading platform and how you can get started today. Deposits & withdrawals are fee-free, but traders should check with their banks or payment providers for any external charges.

Recommended Broker

After they have been received and approved, you can then fund your account and commence trading. They are one of the most well-regulated brokers that you will find, along with IG. I wouldn’t have any problem entrusting them with my funds and focusing on my trading without worrying about how secure they are. There are separate phone numbers on which you can contact the broker support team.

She also provided clear instructions on how to remove accounts from my profile. I’m very satisfied with the service and would recommend City Index to others. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.

In addition, City Index has several other customer safety mechanisms in place, such as segregated funds, and negative balance protection. Overall, City Index offers many features for all traders, making it a strong option to consider. You can get a 90-day trial for FX Trader trading alerts from Faraday Research.

City Index assets and instruments

The web version is also great for accessing your account on any device and it is always up to date. Dozens of trading ideas and opportunities utilizing diverse market approaches are offered on the platform. Web Trader’s most stand out feature, however, is Trading Central – a research tool that provides extensive scanners capabilities, and also offers AI-based technical and fundamental insights.

Here are some frequently asked questions that traders and to-be traders often ask about City Index. In 2014, Michael Spencer, the founder and controlling shareholder of City Index, sold the company for $118 million. The combination created a new global firm with operations in more than 150 countries and annual trading volumes in excess of $3 trillion.

This review will examine its features, fees, market offerings, and user experience to help traders determine whether City Index is the right fit for their needs. Like City Index, Alpari is a long-established broker, having been founded in 1998. It offers a wide range of tradable instruments, including a demo account. There are a wide range of educational tools on offer, and customer support is excellent.

However, some account types, such as DMA (Direct Market Access) accounts, may require a higher minimum balance to access premium pricing and lower spreads. Deposits can be made via bank transfers, credit and debit cards, or e-wallets such as PayPal and Skrill. City Index primarily makes money through spreads, commissions, and overnight financing fees. Forex, indices, and commodities are commission-free but have spreads built into the price. If a trader holds a leveraged position overnight, they will be charged a swap fee based on the interest rate of the underlying asset.

It has a completely customizable layout, allowing you to create your own customised trade templates or select from hundreds of pre-built trading city index review templates. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.