City Index

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

TRADE NOW - Minimum Trade Deposit $210

City Index is a London-based, global spread betting, Forex, and CFD trading provider with more than thirty years of experience. It has come to be known by its customers for its fast, reliable execution since it was established in 1983.

Clients benefit from access to an ever-increasing range of global markets. Currently, there are more than twelve thousand markets to choose from across Indices, Commodities, Forex, and Shares.

City Index provides a market-leading service by giving traders the essential tools that are required to improve their trading skills. The company is committed to delivering excellent customer support and offering fair and transparent prices.

City Index’s parent company is one of the largest institutional and retail trading providers on the globe – GAIN Capital Holdings Inc. It’s listed on the New York Stock Exchange, regulated in eight different jurisdictions worldwide, holds $978m client assets (N.B., in the 2018 financial year), and works with more than 150,000 retail traders around the world.

Regulations

The forex broker is authorised and regulated by the Financial Conduct Authority (FCA) under Register Number 113942, and its parent company (GAIN Capital UK Ltd.) is registered in England and Wales (Company No. 1761813).

Reliability

The company is not only licensed in the UK by the FCA (Financial Conduct Authority), but also by ASIC (the Australian Securities and Investments Commission) in Australia, MAS (the Monetary Authority of Singapore) in Singapore, and the UASE Central Bank in Dubai.

City Index has won several awards in recent years. In 2017, it received Best Spread Betting Provider and Best Spread Betting Platform at the Shares Awards, as well as Best MT4 Broker at the UK Forex Awards. And, in 2018, the Online Personal Wealth Awards voted it Best Cryptocurrency Trading Platform, Best Mobile Application, and Best CFD Provider.

The security of its customers is paramount, which is why your money is segregated from the company’s own funds in separate accounts. Plus, in the event of insolvency, clients may be compensated up to £85,000 by the Financial Services Compensation Scheme (FSCS).

Trading Platforms

The company offers a variety of downloadable, browser-based and mobile trading platforms.

Advantage Web
Advantage Web is a web-based platform that includes a fundamental and technical analysis portal, fully customisable screen layouts, and advance charts.

MetaTrader 4
The popular MT4 platform includes an impressive array of features that are enhanced by City Index’s pricing, support, and service. It gives users access to custom indicators and trading signals, as well as expert advisors, and supports iOS, Android, and Windows.

AT Pro
AT Pro is a desktop platform which is aimed at experienced traders who need powerful analysis tools. It comes with an advanced charting package and a choice of trading templates. Plus, it offers improved speed and efficiency.

Mobile Platform
The company’s trading apps are available for both Android and iOS smartphones and tablets. They feature Live Reuters news feeds and an economic calendar, and live streaming prices and charts.

Account Types

There are three types of Real Money trading accounts, plus the option to open a Demo Account.

• A Demo Account allows you twelve weeks’ unlimited access to the trading platforms with £10,000 to spend in virtual cash.
• The Trader Account offers 24-hour support, competitive pricing, education, news and analysis, and negative balance protection.
• To open a Premium Trader Account, you must be invited to do so. Priority service, dedicated broker-assisted dealing, invitations to premium events, negative balance protection, and a relationship manager are all included.
• If you’re an experienced trader, you may qualify for a Professional Trader account. This type of account gives you access to advanced trading platforms, rewards and invitations to premium events, dedicated broker-assisted dealing, a relationship manager, margin rates from 0.25%, and a credit facility.

Cryptocurrencies Trading

City Index has been voted Best Cryptocurrency Trading Platform. It allows you to trade cryptos without having to own any physically, and lets you go long or short from 10p a point.

Both CFDs and DFTs are available for the following cryptocurrencies: Bitcoin, Ripple, Litecoin, BitcoinCash, and Ethereum.

Commissions and Spreads

The forex broker does not charge any commission for spread betting and trading CFDs, although there is a minimum commission of $25 for equity CFDs. Spreads are as low as 0.5%.

Deposits and Withdrawals Options

Making deposits and withdrawals is easy, and you can choose from the following payment options:

• Visa Credit
• Visa Debit
• MasterCard
• Maestro
• Electron
• Bank Transfer

You can withdraw as little as £50 and up to £20,000 per transaction. Card withdrawals take three to five working days while bank transfers are usually one to two working days.

TRADE NOW - Minimum Trade Deposit $210

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Customer Support

Customer support is available via live chat, email, and telephone, 24 hours a day from Monday to Friday.

Support Telephone: 0845 355 0801
Support Email: [email protected]
Social Media Profiles: Facebook, Twitter, Google+, YouTube, Linked In

Q&A

• Is the site regulated?
Yes by the Financial Conduct Authority (FCA). Other City Index subsidiaries operate under the regulations of ASIC, MAS, and the UASE Central Bank.
• How does City Index make money?
The company makes money by charging traders commission and spreads on their trades.
• How to deposit?
You can deposit funds into your account using Visa, MasterCard, Maestro, Electron or Bank Transfer.
• How to withdraw?
The withdrawal methods are the same as the deposit methods. Withdrawal processing times are between one and five working days depending on your chosen payment method.
• How to open an account?
To open a real money account, click the green “Create Account” button on the homepage, or for a demo account, the link below it. Next, follow the on-screen instructions to complete the registration process.
• Is City Index reliable?
Yes. The company has been operating since 1983, and its parent company (GAIN Capital Holdings Inc.) is listed on the New York Stock Exchange. Australia, Dubai, and Singapore also regulate.
• Does City Index use MetaTrader?
Yes. MetaTrader 4 is one of the software platforms that traders can choose to use. There is also the AT Pro desktop platform, the Advantage Web browser-based platform, and mobile apps for iOS and Android devices.
• What is City Index’s leverage?
The maximum leverage available is 1:500.