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City Index3 min read
Broker Review
City Index one of the best CFD brokers in UK offering low spread worldwide markets for trading. The company provides online trading services in more than 140 countries around the world. Traders have access to over 12,000 markets across the board using Advantage Web, AT Pro. More than 100,000 retail investors worldwide are now using the City Index. They provide services at fair and transparent prices, as well as some of the best customer support. All transactions are carried out with minimal spreads and commissions.
Users rating5 Votes
Pros Broker
Negative balance protection
Wide range of assets
Low Trading fee and free withdrawal
Regulated in many countries
Cons Broker
Limited payment options
Inactivity fee after 12 months
No Swap free accounts
No in-house social or copy trading
Overall Broker Rating

Review of the company

City Index was founded in 1983 and began offering CFD trading in 2001. In 2014, the company was acquired by GAIN Capital, which has been listed on the NYSE since 2010. GAIN Capital has an impressive record of $501.2 billion in monthly turnover. City Index is distinguished by the fact that it is the largest leader in the provision of financial services, which speaks for itself. The main activity of the company is providing brokerage services in the CFD and Forex markets. The broker’s activities have been controlled by the financial regulator FCA for over 15 years. It is one of the most competitive brokers when it comes to spreads.

The company is currently headquartered in the United States and has subsidiaries in Shanghai, London, Singapore, Sydney, Dubai, Hong Kong and Tokyo. The total number of employees in all branches is about 800 people. City Index is the owner of more than a dozen awards, which for many years have confirmed the quality and reliability of the broker.

Trading platforms

City Index offers several trading platforms and you can find a suitable option for trading. You can trade Forex through the platform MetaTrader 4, proprietary AT Pro and WebTrader, as well as CFDs and options. AT Pro offers an efficient charting and development environment with automated trading features similar to the MT4 platform. More than 80 indicators, 54 basic tools and 68 auxiliary ones for market analysis are available, all services are provided as an assistant. The broker has received several awards for its patented platform and traders have chosen it, in particular, for their professional capabilities.

Trading conditions

City Index allows you to trade in over 12,000 global markets. The broker offers no commission trading and the spreads are competitive. In particular, on CFD accounts, the average spread is 0.73 pips on the EUR / USD currency pair, while the spread on Forex accounts on the MT4 platform is slightly higher than the market average, usually around 1.6 pips. Both fixed and variable spreads are available. In the event of fraud by a broker, clients can receive compensation of up to £85,000 from the FSCS.

Trading assets

City Index offers CFD trading on indices from Asia, Europe, USA and Australia, CFD trading on more than 4,500 global traded companies, forex markets on global currency pairs, including major, minor and some exotic ones. City Index also offers ample opportunities for trading cryptocurrencies Bitcoin, Bitcoin Cash, Ripple, Ethereum and Litecoin, as well as CFDs on metals and other commodities. The choice of assets in the City Index is exceptional, it serves traders across the spectrum.

Analytics & education

City Index provides extensive market analysis. He regularly publishes market development reviews. In the same section there is an economic calendar covering all known economic events. In the training section, you will find courses on technical and fundamental analysis, risk management on trading. The online academy offers trading videos of key technical levels across multiple markets. The site also features Trading Central, news from Thomson Reuters and Autochartist.

Methods of payment

City Index accepts few payment methods, these are the most common methods: bank transfers and credit/debit cards. Credit card deposits are subject to a 1.5% commission. The minimum withdrawal amount in CityIndex is $50 and the maximum amount is $20,000 per transaction. Withdrawals via bank transfers can take 2 to 3 business days, and with credit cards up to 5 business days. Each customer is allowed to register no more than three cards per account at any given time.

Customer service

City Index provides support on weekdays and they score highly in this category. Experienced managers know their business and will help you with any issue. In the Help and Support section, you can find answers to the most common questions with additional examples, there you will find many useful materials. City Index customer service supports a wide range of languages.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.