City Index Verified Reviews from Actual Traders

City Index Verified Reviews from Actual Traders

Here are some frequently asked questions that traders and to-be traders often ask about City Index. In 2001, the firm introduced CFD trading, and in 2006, with the acquisition of IFX Group, City Index entered the forex marketplace. In 2008, City Index expanded its presence in forex with the acquisition of FX Solutions. City Index trades under StoneX Financial Ltd in the UK, a subsidiary of StoneX Group Inc. City Index was founded in 1983 as a spreadbetting brokerage house. Traders are offered the option to tick the one-click trading button to easily enable this handy feature.

In addition to educational content, City Index offers several trading tools that enhance the trading experience. These include an economic calendar, market news feeds, and real-time price alerts, all of which help traders make informed decisions. City Index offers an extensive trading academy that provides educational content across various topics. The academy includes video tutorials, articles, and webinars that cater to traders of all skill levels. New traders can learn about the fundamentals of forex trading, while more experienced traders can explore advanced strategies and technical analysis. Our customer service representatives work hard to ensure all our clients’ questions are answered thoroughly and in a timely manner.

• In our 2024 Annual Awards, City Index finished Best in Class in multiple categories, including Offering of Investments, Education, and Mobile Trading Apps.
• Contracts-for-difference, also known as CFDs, are banned in the United States because the US securities law disallows their trading.
• It’s an ideal platform for those wanting to apply technical analysis and charting techniques and opens the door to building your own algorithm-based trading models or using automated trading systems developed by others.
• Its YouTube channel has a robust archive of educational videos, but City Index offers fewer written articles than leaders in this category.
• The firm is a multi-asset broker which means investors can trade a wide range of instruments in global markets or focus on domestic investment opportunities such as ASX listed shares, where trading commissions start at AUD$5.
• City Index doesn’t have specific criteria to qualify new traders but aims to ensure some competence and understanding due to the risks involved.

Prompt reply to settle the issue.

With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape. Select one or more of these brokers to compare against City Index. Use our country selector tool to view available brokers in your country. Was an issue supplying required info to verify my account.Thanks for prompt action. I appreciate Huayu’s prompt response, and thank you so much for resolving the problem!

CFD Trading

Marko has been working on the road for over 5 years, and is currently based in Europe. Alongside writing and editing, Marko works on projects related to online technology and digital marketing. City Index is regulated by three major financial regulatory bodies.

The button is located at the top right-hand side of the menu on the web trader. The company does not charge commissions on spread betting or on any CFDs other than Stock CFDs. City Index does NOT offer CFDs to traders from, United States, Brazil, Belgium, Hong Kong, and Japan, where CFDs are not permitted by law.

Overnight financing rates are also inline with what you would expect 2.5% over/under SONIA rates. Whilst voice brokerage still forms part of City Index’s offering, they are, as with everyone else, doing the majority of their business online and working hard to make their platform stand out. Blain Reinkensmeyer has https://traderoom.info/city-index-forex-broker/ 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. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

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Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues. No, the FCA has banned retail derivatives brokers in the UK from offering welcome bonuses. Yes, City Index is a highly trusted broker as they are well established, well respected in the industry, have a sophisticated and high-net-worth client base and most importantly, are regulated in multiple jurisdictions. Yes, based on our data matrix, testing, analysis and the fact they are regulated by the FCA City Index is a good broker.

Forex Trading

CFDs and spread betting are similarly priced with City Index, with the commission being included in the spread, which is slightly wider than the underlying market bid/offer. The main reason why both products are on offer is that spread betting is only available to UK residents, whereas City Index can offer CFD trading to its global client base. Spread betting is City Index’s forte, and it’s the product that a lot of their high-net-worth customers use for trading stocks. As one of the original spread betting brokers City Index offers access to one of the widest selections of UK, US and European shares (as well as the major indices).

Other trading platforms

Chris Gordon looks after my account and he is always very affable and helpful. Had an enquiry regarding linking an account to an application. 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.

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. Those with queries can contact the broker by phone, Live Chat, email, or WhatsApp with the interactive services being available 24/5. Having a range of different ways to obtain support can help clients make problem solving more efficient.