Both City Index Mobile and the MT4 mobile app are ideally suited for traders who are on the move, providing stop-loss orders, watchlists functionality, and Reuters news integration. They have an informative section dedicated to training that contains helpful information and guidance both for newer, and more experienced traders. Trading under MAS regulation only you may redeem 1 year of free access to The Wall Street Journal. This includes WSJ.com on any device and includes WSJ+ premium benefits program with fantastic additional events and offers. To qualify, you must open an account and meet the minimum deposit of $6,500.
Learn Trading with City Index
With such a great selection available you can likely avoid any conversion fees that would apply if you were to deposit in a non-base currency. Our editors independently research and recommend the best products and services. You can learn more about ourindependent review processand partners in ouradvertiser disclosure. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
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There are sections on how to open accounts, manage leverage and margin, and how to use the trading platforms. This means makes it possible to find all the information you need on the broker’s site but is backed up by the security of having informed and helpful City Index staff on hand should they be needed. With the exception of the MT4 account which is dedicated to users of the MetaTrader platform the rest of the accounts all provide access to a range of award-winning trading dashboards. One platform which deserves a special mention is the highly regarded TradingView dashboard which is establishing a position as one of the markets top dealing boards. It has the same user-friendly functionality of regular platforms but is packed full of powerful analysis tools which can be applied to state-of-the-art price charts. StoneX specialises the finance and investment sector and clients of City Index benefit from its many years of experience of operating in the global markets.
- During testing, we did find some of the charting tools worked better with the larger screen of a tablet / iPad rather than a phone.
- As well as all of the custom indicators, professional charting capabilities, and more, you will have access to the Expert Advisors feature.
- The platform is designed to be intuitive, making it easy for beginners to navigate.
- When your margin indicator level drops below 100%, you will be notified by email to top up your account balance or close some trading positions.
MetaTrader4
City Index trading lets clients trade Bitcoin against USD, GBP, EUR and AUD. Those looking at other markets will find Ethereum, Litecoin, Ripple and Bitcoin cash can be city index review traded against USD. Crypto markets are only open 24/5 which compares unfavourably to some brokers which offer the service on a 24/7 basis. Account-holders who want to engage in Copy trading can do so through the MT4 platform. Using the City Index platform, clients can choose between the industry leading MetaTrader MT4 or the AT Pro in-house platforms. The AT Pro is a proprietary platform and has charting and execution will appear on the default front page.
- Those with queries can contact the broker by phone, Live Chat, email, or WhatsApp with the interactive services being available 24/5.
- City Index supports a wide range of payment methods, allowing you to deposit and withdraw funds with ease.
- This regulation means that City Index must adhere to strict guidelines and be transparent about its trading.
- This is one of the key standout features of this broker, and it sets them apart from many others.
- They offer a Demo Account for beginner traders who want to test their skills without the risk of losing money.
See all City Index’s forex pairs
Real-time price alerts mean you are always in the know, and updated news from Reuters within the app means you will be able to see the news that may move the market right away. Spread betting is also available though only to UK traders due to regulatory requirements. This starts after 36 months of inactivity, or 12 months inactive as a professional trader.
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City Index is one of the longest-standing brokers in the trading industry, with a history dating back to 1983. Over the years, it has built a strong reputation as a multi-asset brokerage, offering traders access to a diverse range of markets and professional-grade tools. Owned by StoneX Group, a NASDAQ-listed financial powerhouse, City Index is recognised for its transparency, regulation, and reliability. 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.
City Index scored well in most review categories, but it does have certain flaws, including confusing fee disclosures, uncompetitive volume discounts, and no secondary insurance coverage. Use our country selector tool to view available brokers in your country. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Customer satisfaction is our top priority, and we are thrilled that you enjoyed your experience.
It has a completely customizable layout, allowing you to create your own customised trade templates or select from hundreds of pre-built trading templates. Also, traders can use a single chart with an overlay of multiple markets. Both Android and Apple device users are catered for with separate Android and iOS applications. While the mobile app and responsive trader are not inclusive of all desktop features, most are available and built-in. 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.
How To Verify Your City Index Account
In essence, this broker makes it easy to diversify your portfolio and mitigate future risk. The MT4 Account is the only other option besides a corporate account. This is the MetaTrader 4 account which offers all the tools this platform is famous for.
The drop-down list shows items such as margin, spread, financing charges, and so on. Having these on the dashboard is useful as all of the important frictional costs can be incorporated into the trading strategy right up to the point of execution. Its possibly easier to pick out markets which the broker doesn’t cover.
The Standard Account doesn’t have a minimum deposit for opening an account; they simply ask that users deposit what they can afford. However, the MT4 account requires a $250 minimum deposit for those using credit and debit cards. City Index doesn’t charge deposit fees and there are no withdrawal fees. Overall, City Index offers many features for all traders, making it a strong option to consider.
The good news is that opening an account requires no minimum deposit, simply asking for whatever is affordable. City Index offers a secure and regulated trading environment with access to over 13,500 financial instruments, including forex, stocks, indices, and commodities. Traders benefit from competitive pricing, multiple trading platforms, and integrated research tools such as Trading Central. The broker also provides a strong educational offering, making it suitable for both beginners and experienced traders. As with many other popular brokers, City Index offers several trading platforms to choose from. For instance, the MT4 platform has many charting capabilities, and a desktop application, web trader, and mobile app.
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 first stage of the City Index Live Chat support takes the form of a support bot. City Index can be applauded for being transparent about this (rather than pretending the support is human) but the Live Chat is more of a glorified FAQs section. The rally of the past two week on the ASX took a turn for the worse on Wednesday, on the warning (and official announcement) of Trump’s 25% tariff on non-US cars. This has seen the ASX get caught in the negative sentiment on Wall Street.
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