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. I’m only using a demo account and I don’t claim to be all that experienced.
CFD Trading
Indexes list a 0.40 minimum spread on S&P 500 CFD and spread bets but no average spread. Disclosures on other markets are limited to minimum spreads or real-time bid/ask spreads. Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
I’ve never experienced any problems
If you’re interested in exploring the forex market in the UK further, we’ve got you covered with our comprehensive guide to help bring you up to speed and expand your understanding of this market. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. I had a lot of problems with setting up the correct account type, but James walked me through each and every problem I encountered. James is very professional, personable, helpful plus a few more adjectives all of which made it a pleasure working with him. Customer service was very efficient, providing timely answers when it mattered, and very kind while doing so.
States with the Lowest Cost of Living Index
Left an open position for xmas period as I did not want to close at a loss. Fully aware that I would pay a charge linked to interest as I have done previously on many occasions.However 1st day into holidays and nearly £100 was deducted.2nd day over £90 expecting the same today. At this rate by the time of opening of the indicative market I will be close to having £500 deducted.Absolutely no justification for this and no one to talk to.
One of our customer service representatives will reach out to you to help you resolve the case. Overall, we think that City Index is a solid forex broker which offers robust customer support channels, plenty of insightful educational materials, and a wide range of financial markets. And like CFD trading, when spread betting, there are no commission costs. Like with CFD traders, you will be able to use a guaranteed stop loss when using the City Index trading platform. While you can bet on the same products as you can trade with CFDs, there are some differences to note between CFDs and spread betting.
Service Details
The demo account is separate from the live platform, and traders can’t toggle back and forth between the two platforms. The charting feature offers dozens of technical indicators and precision drawing tools. A margin calculator allows traders to calculate the cost of placing a trade.
For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker https://traderoom.info/ according to your own needs. Accounts can be opened in a good range of currencies including USD, GBP, EUR, CHF, JPY & NZD. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. The broker gives traders access to over 12,000 markets across forex, cryptocurrency, stocks, indices, options, bonds, spread betting, ETFs, metals, energies, and other commodities. City Index’s trading tools include high-tech trading platforms like WebTrader and MetaTrader 4 (used by millions of traders around the world).
- Client’s money is protected by being held in segregated top-tier bank accounts, separate from their own.
- It even offers the ability to create trading templates in Visual Basic, .NET, or C#.
- The basket, which contains a “who’s who” of US tech and growth stocks, allows City Index’s clients to get instant exposure to this influential grouping, in a single trade.
- Smart trade tickets with trade risk management are available on the internet platform.
- If you’re interested in exploring the forex market in the UK further, we’ve got you covered with our comprehensive guide to help bring you up to speed and expand your understanding of this market.
City Index has a Training tab on its website that offers educational resources for traders at all levels. More experienced traders may want to check out the City Index MT4 or AT Pro platforms. Traders should consult the City Index products section of the website for specific leverage allowances for each financial instrument. Each financial instrument also has specific City Index margin requirements that traders must maintain.
The platform is easy enough to use for new traders whilst having enough advanced functionality for the more experienced investor. The forex broker offers you adequate trade tools for market analysis and links to third-party research providers can help you in the decision-making process. You can get a demo account to test City Index’s products and to experience its customer support firsthand.
Reuters real-time financial news feeds data and market information straight into all trading platforms and apps. This is a terrific approach to stay up to speed on market news and to help with fundamental research. A worldwide research team at City Index delivers experienced market analysis in predicting prospective market moves and trading opportunities. The “Trader” account is aimed towards both https://traderoom.info/city-index-forex-broker/ new and experienced retail traders, offering competitive pricing, 24-hour trading support, award winning platforms, news, analysis, education and more. This account includes a risk management feature with negative balance protection so that you never lose more than you deposit and margin close-out as standard. 72% of retail investor accounts lose money when trading CFDs with this provider.
These apps provide secure 24-hour account access, live charts and pricing with built in Reuters news feed and economic calendar. Using the mobile trading apps, you can place and manage orders on the go. We apologise you have been having intermittent issues with your trading platform. We work hard to provide the most accommodating and exceptional platforms for our clients. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
Products can be navigated by scrolling through the screen, and trades can be executed in just a few taps. City Index doesn’t have specific criteria to qualify new traders but aims to ensure some competence and understanding due to the risks involved. The company does not charge commissions on spread betting or on any CFDs other than Stock CFDs.
We may receive commissions on purchases made from our chosen links. We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Our comprehensive review of City Index shows that it is a great option for both forex and CFD trading. Thanks to its robust offerings and sterling reputation, we believe it stands out as a competitive choice for traders. You can get a 90-day trial for FX Trader trading alerts from Faraday Research.