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. This means you need enough balance in your account across open and closed positions to cover your required margin to hold your position. Perhaps the single aspect we like most about City Index is the vast range of CFD trading options it offers. The standard MT4 platform is also available for traders to use on their web browsers using WebTrader.
Withdrawals
- It has a short learning curve, making it appealing to beginning traders while also providing enough advanced capability for seasoned traders.
- 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.
- Use our country selector tool to view available brokers in your country.
- Despite the numerous positive aspects, there are some minor improvements that can be made.
- If this is something that you are looking for then you could consider FXPRIMUS as an alternative broker .
Additionally, it would be great if they were to introduce crypto payments but I understand this may not be possible due to regulatory restrictions. City Index do not charge any additional commissions on spread betting markets. They also do not charge commissions on CFD or FX markets, with the exception of CFD equities. Whatever your level of trading experience is, City Index provide a large amount of educational material to help improve your trading knowledge and skills.
Problem with withdrawing funds from the account
You will also find numerous trading platforms to choose from, including a Web Trader, MT4, and mobile platforms. Our City Index review team found this makes the broker perfect for all types of traders, as you can easily select the best platform for your trading style. City Index also provides you with extensive educational resources and market news. Reuters https://traderoom.info/ 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.
Customer Service ☎
Dear Giam,We are glad to hear that we have met your expectations. City Index has a Training tab on its website that offers educational resources for traders at all levels. The broker offers both fixed and variable spreads depending on the specific market being traded.
US traders welcome at these brokers:
In total there are more than 4,500 global shares from major companies available. The spreads here start from 0.1% on UK Shares with the following examples for cost comparison. Crypto CFDs are available to Australian traders under ASIC only. Bitcoin with a spread from 120 pips, Ethereum from 4 pips, Ripple from 0.6 pips, Bitcoin Cash from 2 pips, and Litecoin from 0.8 pips. This starts after 36 months of inactivity, or 12 months inactive as a professional trader. Variable spreads can change throughout the day based on underlying factors as you would expect.
The City Index demo account comes with 10,000 demo credits and allows access to all features of the platform. City Index offers trading on CFDs for indices, shares, forex, cryptocurrencies (not in US/Canada), and other markets. Additionally, City Index does not offer CFDs based on cryptocurrencies to UK retail traders, or clients in the US/Canada. city index reviews MT4 is available for City Index traders – albeit with fewer markets to trade – and MT5 is available at City Index in select regions. Until then, with the discontinuation of AT Pro desktop, algo trading is limited to MetaTrader, which remains the most popular platform globally for automated trading (in addition to TradingView).
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.
A margin calculator allows traders to calculate the cost of placing a trade. When opening an account, traders can choose whether they want a CFD account, a spread betting account, or a single account with both products. Traders can use demo accounts for up to twelve weeks, and City Index provides them free of charge.
Clients can trade more than 4,700 shares from multiple exchanges while index and metal CFDs can be traded on a cash or futures basis. The broker offers central counterparty clearing on “certain markets” through the Omnibus Segregated Clearing Account (OSCA). A separate application is required to gain access to this account functionality. I’m only using a demo account and I don’t claim to be all that experienced. I just can’t understand why it can sometimes take several minutes after the opening time of the market (eg 2.30pm UK time for the US) for the stock to be available to trade on Citi Index.
They provide trading ideas based on technical analysis from expert analysts. There is a total of 90 technical indicators on City Index to choose from. With City Index, you can keep yourself self-educated via Reuter’s updated financial news. Besides this, they have an analysis report generated by City Index’s research team.
