City Index Review + 2024 Analysis For Retail Forex Traders

The broker does offer crypto trading but this is only available within Australia. Since they are also only traded as CFDs no wallet is required since you never own the underlying asset so you don’t need to store them. When you trade at least the minimum volumes the rebates will be deposited in your account during the first week of each calendar month.

Is City Index a market maker?

Spread betting offers tax efficiency, as there is no Stamp Duty or Capital Gains Tax required. At the beginning of April, Japan’s ex-FX diplomat Watanabe said that the BOJ were unlikely to intervene with USD/JPY below 155. In order to reach a human representative through live chat, you must write the word “agent”.

Cityindex provides the opportunity to make extra Income and it’s for real.

It is among the most popular forex trading platforms thanks to its intuitive and feature-rich nature. It includes custom indicators, trading signals, professional charting, and support for Expert Advisors. City Index is a global provider for CFD trading, spread betting, and forex trading.

1. We hope to be able to learn more about the issues you have been experience.
2. Based on which country you live in, City Index may refer you to their sister platform, Forex.com to open a forex account.
3. This helps to ensure traders that they are trading with a trusted and reliable broker.
4. City Index is a trading platform that has been operating for 38 years, has a global presence supported by its listed parent company, and is overseen by top financial regulatory bodies.

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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. Clients can trade more than 4,700 shares from multiple exchanges while index and metal CFDs can be traded on a cash or futures basis. City Index is a derivative brokerage firm that offers customers a platform for spread betting and trading forex and Contracts for Difference (CFDs).

You can activate one-click trading mode and easily toggle back and forth between this and two-click settings. You can also adjust the price tolerance for each instrument, decreasing or increasing your acceptable slippage when the execution price moves from the order level. One cancels another (OCO) orders let you simultaneously set a limit and stop order, canceling one order when the other is fulfilled. Guaranteed https://traderoom.info/ stop loss orders will guarantee your specific execution level, no matter gapping in the market, but do cost a small premium. Finally, trailing stops trail current market prices by a specified number of points, letting you minimize losses without also limiting your potential gains. All City Index clients can choose between the Advantage Web, applications for iOS and Android, MetaTrader 4, and AT Pro.

In addition to the hundreds of built in tools, you can download thousands of free customised indicators, scripts and EAs. There is also a large online MetaTrader community where users from around the word share trading tools, strategies and signals. The Good Money Guide is a UK-based guide to global trading, investment and currency accounts.

It includes an advanced charting package, enhanced efficiency and speed, and your choice of trading templates. This platform features more than 100 indicators and an extensive selection of drawing city index review tools. Personal accounts are designed for experienced and new traders alike. There is no minimum deposit for Australian traders, yet UK traders must fund their accounts with at least £150.

Whatever your level of trading experience, City Index offers a wealth of training resources to help you enhance your trading knowledge and abilities. This comprises trading-related teaching videos, articles, seminars, tutorials, and practical examples. City Index is great for both new  and experienced traders, and its award-winning track record proves that. For newer traders, City Index has a lot of educational tools that can help those who want to learn more about the industry. These tools include a Trading Academy with courses, lessons, and a glossary. More experienced traders will also benefit from their fast execution speeds,  exclusive trading tools and analytical features.

Their WebTrader platform does not require you to download it and features customisable workspaces, reliable and quick HTML5 technology, and custom indicators on advanced charts. It even includes trade tickets that have options for advanced risk management. Their offer of CFDs is somewhat limited so that can be considered a drawback. City Index’s trading platforms are versatile and well-made, but advanced traders will find better trading platforms.

You can download the broker’s proprietary mobile trading apps for Android or iOS device, or use the relevant MT4 application. The broker’s proprietary mobile platforms offer secure 24-hour access, a live Reuters news feed, an economic calendar, live charts, and streaming prices. Between 74% and 89% of retail investor accounts lose money when trading CFDs. There is a City Index trading academy with trading guides covering everything from an introduction to the different financial markets to trading strategies and chart analysis. You can learn how to use a trading strategy, how to analyse the charts using technical and fundamental analysis, how to apply risk management to your trades and much more.

Back then when I was a derivatives broker at MF Global, City Index used to hedge their CFD business through us so I could see they always had a fairly sophisticated client base. But over the years, as traders and investors have become more educated and akin to taking more risk, City Index now takes on more and more private clients. They operate on multiple platforms and devices and are a well-established, regulated firm. These are indicators of a trustworthy broker, but the broker’s suitability depends on the individual trader’s needs. City Index is a well-regulated broker that offers its customers access to over 12,000 markets across forex, indices, shares, commodities and – in limited countries – cryptocurrencies.