City Index Review for 2019

City Index Rated 4/5

City Index Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of City Index we break down the pros and cons. What City Index are able to offer, what countries City Index are available in. Who City Index are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open City Index's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to City Index

With this review we hope to help you see if City Index is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding City Index that will help you get off to a good start in the world of online trading.

City Index what you should know

City Index offer three ways to trade: Forex, CFDs, Spread Betting.

With City Index you will need a minimum deposit of $25. You can sign up for a demo account to acquaint yourself with City Index platform.

City Index are able to accommodate various levels of traders whether you are experienced or a beginner.


Are City Index safe?

When choosing a broker like City Index the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1983, and in operation for 36 years City Index have a head office in UK.

City Index is regulated. This means City Index are supervised by and is checked for conduct by the Financial Conduct Authority, ASiC and MAS regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to City Index, this will be honored. If City Index violate any regulatory rules their regulated status could be stripped.

Any payments funded to City Index accounts by traders are held in a segregated bank account.

For added security City Index use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with City Index. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit City Index

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 14,000 traders
  • Established in 1983
  • Regulated by Financial Conduct Authority, ASiC and MAS
  • Min. deposit from $25

What we don't like

City Index General Fees

  • City Index withdrawal fees varies on payment method
  • City Index does charge inactivity fees

City Index Commissions

  • City Index does charge commission on CFD shares

What can you trade with City Index?

You can trade a wide variety of instruments with City Index over 12,500 instruments infact.

If you are looking at trading currency pairs City Index offer over 100 currency pairs.

Compare City Index with Interactive Brokers and XTB below.

FX / Currencies City Index IB XTB
# of forex pairs offered 100 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies Yes No Yes
Commodity CFDs City Index Interactive Brokers XTB
# of commodities offered 26 0
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs City Index Interactive Brokers XTB
# of Stocks offered 4500 1500
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
City Index's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on City Index web platforms and other applications

City Index offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

City Index also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See City Index's platforms

City Index Trading benefits :

  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss

City Index Trading Accounts offered:

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account

Can I try City Index before I buy?

City Index offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do City Index accept?

City Index offer the below funding payment methods. learn more about City Index

  • Credit cards
  • Bank Transfer
  • Payoneer

How can I start trading with City Index?

When opening a trading account with City Index, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on City Index trading platforms here.

Performing trades with City Index

City Index allow you to execute a minimum of trade of 1 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As City Index offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, City Index offer margin up to 0.0005% on currencies.

Support at City Index

City Index support a wide range of languages including English, Spanish, German, Arabic, Polish, and Chinese

City Index have a triple AAA grade support rating because they offer a wide range of languages, live chat, phone and email support.

What you will need to open an account with City Index

As City Index is regulated by Financial Conduct Authority, ASiC and MAS, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore City Index's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with City Index you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.cityindex.co.uk on 12th August 2018.

CITY INDEX Frequently Asked Questions

Can I try City Index before I buy?

City Index offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do City Index accept?

City Index offer the below funding payment methods accept Credit cards, Bank Transfers, Payoneer, among other payment methods. Learn more here

How can I start trading with City Index?

When opening a trading account with City Index, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on City Index trading platforms here.

Is my money safe with City Index?

City Index is regulated by Financial Conduct Authority, ASiC and MAS. One of the most important criteria for traders when choosing a broker like City Index is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to City Index, this will be honored. If they violate any regulatory rules their regulated status can be stripped.