Reviews of the best Forex brokers on the market.

City Index

City Index Review

Author
  • Leverage
  • Platforms
  • Funding
  • Support

City Index is one of the most reliable spread betting, FX and CFD service provider. Being founded over 30 years ago, City Index has been able to sustain a great level of growth and achieve an extensive improvement in its services over time. City Index is headquartered in London and is regulated by FCA; hence it is definitely a premier broker for UK clients. Although England is a key market for City Index, the brokerage also offers the services in Australia, China, EU and the US.
  • MetaTrader 4
  • Web Platform
  • Mobile Apps
  • Live Support
  • US Traders

City Index Review

City Index Trading Accounts

Your account selection with City Index depends on the trading instruments you prefer to trade. Should you choose Spread Betting (tax free trading) or CFDs, then you will need to apply for a Spread Betting / CFD Account. If you prefer pure Forex trading, then a FX Account is right for you.

City Index Trading Accounts

Apart from regular accounts, City Index offers some great benefits for VIP clients. Should you be looking for a royal treatment, City Index is here for you with its special swap rates, interest rates and dedicated support and analytics.

Leverage is another advantage of City Index, this broker provides leverage up to 1:400 on MT4 and up to 1:200 on other platforms. The variety of the trading instruments is another advantage of opening a trading account with City Index. With this broker you can trade all of the major indices, thousands of CFDs on shares from all over the world, 40 currency pairs, precious metals, various types of bonds, options, crude oil, cocoa, coffee, sugar, pork bellies, wheat, soybeans, orange juice and oats. Generally, whatever type of trader you are, you will be able to find a decent set of instruments with City Index. Sounds attractive enough? Open an account with City Index right now. Alternatively you can Preview City Index Services on a Demo Account by clicking here.

City Index Trading Platforms

Trading with City Index is quite efficient and flexible. Not only this brokerage offers a standard trading solution – MetaTrader 4, but it also provides its own handcrafted platform – Advantage Trader, which comes in both downloadable and web versions.

Advantage Web Platform

On top of this, City Index provides a full set of apps for mobile devices. No matter what operating system your smartphone or tablet has, you will be able to trade online with no issues whatsoever. City Index gives you access to iPhone, Android, Blackberry and Windows Mobile trading via smartphones and you can easily execute your trades if you have an Android or IOS tablet too.

As already mentioned, you can trade forex with City Index on a regular MetaTrader 4. For those of you who don’t know what MT4 is, it is the most widespread platform for trading foreign exchange online and with City Index it is better than elsewhere.

 metatrader4

While other brokers provide a simple MT4, this broker gives you a set of advanced features available at your terminal.

  • Customisable leverage: Select from 20:1 to 400:1 leverage per each forex pair
  • Price tolerance: Manage your trade execution levels during times of high market volatility
  • Margin Live widget: Get real-time margin information instantly

Besides that, City Index doesn’t make you choose which platform to use. When opening FX Account, you will be able to use any out of 10 available platforms. Traders that are looking for a decent WebTrading solution will especially appreciate such a feature.

City Index Platforms

City Index Trading Academy

Most of the brokers provide some limited educational resources, however City Index brings trading to a whole new level by establishing a Trading Academy.

City Index Traders Academy

Trading Academy is a place where simple people can become full time traders by being mentored by professionals. While the whole program has expired a few years ago, there are still video recordings available that would be useful for the traders of all level. Click here to learn more about the City Index Trading Academy.

Apart from Trading Academy, City Index offers great analytics on the most important financial instruments and it covers the most influential economic events. Visit City Index Markets News and Analysis to learn more about the current trading updates.

City Index Deposit and Withdrawal Methods

Fund management is quite comfortable with City Index. While you are only able to deposit funds via Master and Visa Cards, you are able to perform withdrawals and deposits to your Switch, Maestro, Solo and Laser Debit Cards.

Funding your account via a wire transfer is an option too.

Please be advised that withdrawing is only possible via the same method that was used for depositing. This is done to prevent frauds and money laundering.

Unfortunately at the moment e-wallet payments are not available with City Index, so if you are looking for a broker that accepts PayPal or Skrill, you would have to look up less reputable brokers.

City Index Support

Client support of this brokerage is quite good and can be reached via telephone, email or live chat. The support queues are quite short and the operators are knowledgeable, so you will definitely feel that you are treated in a good way.

The client support works 24h per day, from Monday till Friday.

City Index Review Conclusion

There are many brokers that let you trade Forex and CFDs online, however most of such companies have appeared only within last two decades. When opening an account with City Index, you can be sure that you are becoming a client of a company that has history of over 30 years. On top of the licenses and stability, City Index offer great technological solutions, so you can trade anywhere, anytime. The range of instruments is extensive and the support is primer, hence we truly recommend to open an account with City Index.

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