City Index Review

City Index clients can also join the exclusive trader development program if they want to learn from an ex-Goldman Sachs professional trader. The program is run by Tony Sycamore from TECHFX TRADERS, who has over 20 years of trading experience. City Index offers spread betting as an option for trading in the United Kingdom.

  1. These tools, along with the healthy range of stop loss instructions not only make trading more convenient but used properly also act as effective risk management tools.
  2. Fixed spreads might be offered on certain instruments and in certain trading periods.
  3. Remember – there’s a difference between trading U.S. stocks as CFDs (tradeable instruments that track the price of an underlying security or asset) and being able to own the underlying stock.

Yes, City Index is a good platform for day trading as they have low spreads, access to a wide range of markets and intra-day trading signals provided by SMART Signals. In our latest awards City Index won “best trader tools” 2023 and has in previous years won best trading platform, best trading app & best forex broker in 2022. We review each broker’s overall global offering – a “Yes” checkmark for any of the above features or tradeable markets in this review does not guarantee their availability in your country of residence. To verify the availability of any features or markets within your country of residence, please contact the broker directly.

Extended Hours Trading

This can apply to countries like Canada, Japan, or the USA where you are obliged to register an account with as your only choice. Of this haul, they have been selected as the best Spread Betting or CFD provider 5 times and won the Best Platform or city index review App award 6 times. Also on offer are CFDs in many other areas including Indices, Shares, Commodities, Bonds, Options, Interest Rates, Options, and Crypto. The first point to note about trading at City Index is that all of their assets are traded as CFDs.

There is no charge for making a deposit to your City Index account, although credit card providers may charge a fee. Keep in mind that you can only deposit funds in the same base currency as your source account, but you can have up to three cards linked to your account. City Index has a best execution policy, which means that it always provides you with the quickest execution on every trade. Additionally, if the price moves in a direction that is in your favor during processing, City Index will execute the order at the improved price. Trade execution with City Index includes the ability to simultaneously go short and long, price improvement technology, and access to a range of flexible order types. UK and EU residents can open an account with the UK, Australia, or Middle East office.

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All of the content on is researched, fact-checked, and edited by members of our editorial team. Our ratings and rankings are driven by our independent data collection. Customer support can be reached by email, but that can take a long time, sometimes even several days. It’s a lot easier to reach them by phone or live chat as they respond very quickly. However, there’s no fundamental data available on City Index’s platform. The news feed is great, with news from high-authority sources like Reuters, as well as City Index’s team of experts.

When it comes time to withdraw funds, remember that they must go back to the same source as original funding. There is a minimum withdrawal amount of £50 or the full available account balance, whichever is less. With online withdrawals, you cannot withdraw more than £20,000 in one transaction, and this is also the maximum withdrawal amount online via credit cards in 24 hours. You can withdraw more than these limits by contacting client management. City Index recommends a minimum deposit of at least £100 or enough to cover the margin of your first trade. You can fund your City Index account using Visa or Mastercard credit cards; debit cards from Mastercard, Visa, Maestro, or Electron; or a bank transfer.


Global data is streamed directly to AT Pro, and company metrics are well-presented. SMS trading signals are also supported, ensuring traders never miss a profitable opportunity. A good broker choice for newer and experienced traders they offer an excellent range of tools and educational resources.

Specific to forex, you will find a sizable total of 84 currency pairs available at the moment. These have a good value tight spread that starts from 0.5 pips depending on the pair you would like to trade. Trust is huge and to that end, the broker is very well regulated by some of the most respected bodies in the industry.

Although it was a brokerage firm focused on spread betting in its early years, City Index now offers many other financial products to its customers. The company also added to its offer by introducing multiple trading platforms, and is now a well-rounded brokerage service. When you trade forex and other markets with the City Index MT4 platform you can benefit from ultra-tight spreads, fast trade executions and unique trading tools. I like to use the desktop version for running automated strategies and the mobile app for quickly checking my account when I am not with my computer.

Beginner’s Guide to City Index: Complete Review

City Index offers over 25 cryptocurrency markets for trading including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). City Index offers 20 of the leading global indices including Australia 200, UK 100, Singapore, and Wall Street index for trading. City Index enables trading of over 4,500 global shares as CFDs where traders can speculate on long or short positions. Traders have access in real-time to over 4,600 markets spanning forex, stocks, indices, cryptos, and more. Very helpful attentive staff and support team.Top class information and service.Always very helpful. Dear Peter,We are happy to hear that our team provided you with excellent service.

Genuine reviews from actual clients

Spread betting is similar to CFD trading in that it is a form of margin trading and most of the same instruments are available with the same leverage. All in all, City Index offers multiple cross-platform trading applications, 24/5 customer support, and a variety of asset classes and products to choose from. The demo account is separate from the live platform, and traders can’t toggle back and forth between the two platforms. Web Trader offers all standard trading platform features, such as historical data feeds and tools for monitoring open and closed positions and trading history. The charting feature offers dozens of technical indicators and precision drawing tools.

Spreads start from 80 points but given the highly volatile nature of the cryptocurrency markets, they can fluctuate quite largely and rapidly. City Index offers MetaTrader4 and their proprietary City Index Desktop and WebTrader. The withdrawal process is highly problematic & slow, they stated they would call me back and 2 days later I am still waiting for the call back . 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.

The Customer Service team is passionate about providing every customer with an outstanding experience and they will be delighted to know they hit the mark with you. The support team are always very helpful.My particular problem happened at the end of the day and therefore I could not record two closures. The matter was resolved following an update requirement for the OP System for my computer. Contracts-for-difference, also known as CFDs, are banned in the United States because the US securities law disallows their trading. Irrespective of CFDs being banned in the US, non-US traders are able to trade CFDs on company stocks based in the US.