It also includes a customizable economic calendar, Reuters real-time news, and an analytical site that automatically monitors the markets for chart patterns based on technical and fundamental research. City Index provides traders with fast, flexible, and reliable trading platforms that are available in multiple versions — desktop, web, and mobile. With over 16 chart types, real-time news from Reuters, and 80+ technical indicators, the City Index trading platforms can be customized to suit individual traders’ needs. While conducting our evaluations of online forex brokers, we’ve collected over 360 data points that track the research-specific features that are most important to traders and investors. City Index offers 4 of those 5 features, whereas the average forex broker offers 3 of those features. City Index received an overall rating of 7/10 in the research category, contributing to its overall category ranking of #11 out of the 62 brokers in the BrokerNotes database.

1. I think they could improve by providing 24/7 support like competitors such as Plus500 do.
2. Nearly every trader on the planet owns a smartphone, but that doesn’t mean that every mobile trading app offers the same forex trading capabilities.
3. City Index is a hugely experienced broker and part of the StoneX group.
4. The first section provides an introduction to the forex market and outlines key concepts.
5. It includes custom indicators, trading signals, professional charting, and support for Expert Advisors.

Besides the three distinct account types, City Index has three trader classifications. An invite-only upgrade to Premium Trader, based on activity, represents a genuine token of appreciation and consists of a dedicated relationship manager and invitations to special hospitality events. The Professional account provides access to the most superior trading environment, but there is specific criteria which needs to first be met. That criteria includes a minimum trading volume over a period of time, a financial instruments portfolio in excess of £500,000, and strong working knowledge and experience working with leveraged products.

The fundamental stock analyzer displays whether a stock is likely overvalued or undervalued at a glance. These minimum margin rates are up to 20 times better than those city index review of retail clients. New clients get a welcome letter with key account information and an introduction to platforms to help you pick the best platform for your needs.

What Extra Trading Services does City Index Offer?

According to our database, 92% of forex brokers allow you to trade U.S. stocks as a CFD, while only 28% allow you to own the stock itself. 92% of the brokers in our database (60+) offer Visa/Mastercard, 78% offer Skrill, 70% offer Neteller, and 44% offer PayPal. PayPal has become a popular funding option for many forex traders – find out which brokers support it as a payment method by reading our PayPal guide for forex traders. City Index offers 30, which helped contribute to the broker ranking #7 out of 62 brokers overall in this category.

In order to reach a human representative through live chat, you must write the word “agent”. The FAQ section on their site is well-designed and comprehensive, which means you can get helpful information quickly, without digging through the entire web page. There’s a live chat feature on City Index’s website that will bring you to a chatbot (which is actually more helpful and knowledgeable than most chatbots). The Professional Trader account also provides users with lower margin rates, broker-assisted dealing, premium events, and several additional perks. This account is available to clients who have a history of working as a professional in the finance sector for more than one year.

For example, investors that wish to offset any losses against tax may prefer to trade CFDs. Clients from outside the UK should check if spread betting is allowed in their region. Pretty much everything a trader might need to trade can be found on their platform. By comparison, ECN brokers operate through a no-dealing desk (NDD) where client orders are matched directly with various liquidity providers (LPs).

You can deal with CFDs on forex, stocks, indices, commodities, and crypto trading is possible under certain conditions. UK clients can also get access to Spread Betting whilst options, bonds and ETFs are also available. City Index provides 2 different live trading accounts, Standard and MetaTrader 4. No minimum deposit is required to register a City Index live trading account. While City Index does not offer bonuses or promotions, a cash rebate on Forex and indices trading is available for professional traders. Clients may e-mail City Index, use the webform, call the help desk, or utilize the live chat function.

Forex and CFDs Review

You will also find expert market analysis from the City Index global research team, which identifies information driving the markets to help you predict price movements and take advantage of opportunities. The Market News & Analysis section includes sections for company earnings, the daily briefing video, the economic calendar, and Brexit. The main page for market analysis displays the most recent and top stories.

Prices for gasoline, natural gas and food contributed to a slowdown in non-durable goods (+4.0%). Lower prices for furniture and household appliances also contributed to the deceleration. If your City Index account is inactive for at least 12 months or more, City Index will charge a monthly inactivity fee equal to £12. If your cash balance is less than this, the inactivity fee will be equal to your cash balance. If this is something that you are looking for then you could consider FXPRIMUS as an alternative broker .

City Index Fees, Spreads, and Commission

City Index aims to provide traders with tools that are necessary to improve their trading skills. They have a commitment to delivering market-leading services with transparent, fair pricing, plus comprehensive customer support. City Index is one of the oldest financial services provider agencies established in Sep 1983 by Chis Hales and Jonathan Sparke. City Index is the subsidiary of GAIN Capital and Belongs to the industry of Financial Services. I would say City Index is more suitable for anyone outside the USA who wants to trade or invest in instruments other than forex.

Over 100 technical indicators allow manual traders to tweak their analysis, while the innovative deal ticket features all necessary information. Real times news is curated by Reuters, inside the technical/fundamental analysis portal. Other essential features include a phenomenal charting package, precision drawing tools, and valuable market data. AT Pro represents one of the most advanced trading platforms available to traders in today’s financial markets. City Index’s trading tools include high-tech trading platforms like WebTrader and MetaTrader 4 (used by millions of traders around the world). Traders can also access Performance Analytics, SMART Signals, Trading Central, Advanced Charts, and alerts to help them.

City Index Instruments Summary

The only downside with its research coverage is a general lack of daily video content. Its in-house written materials are high quality, and market coverage is diverse. Get timely access to data right at your fingertips by downloading the StatsCAN app, available for free on the App Store and on Google Play. At the same time, higher borrowing https://broker-review.org/ costs contributed to faster annual average price growth for mortgage interest cost and rent. The mortgage interest cost index rose 28.5% in 2023, the largest increase on record, as more mortgages were initiated or renewed at higher interest rates. This index was the largest upward contributor to the annual average all-items CPI in 2023.

These platforms are all very good but you can probably find more powerful alternatives with other top-tier brokers. In order to qualify for this account, traders also need to have made 40 or more significantly sized trades in the previous year and a portfolio with a minimum of €500,000. All in all, there’s little to worry about when it comes to trading with this broker.

I share my knowledge with you for free to help you learn more about the crazy world of forex trading! City Index makes money through charging commissions (either added to CFD trades or built into the spreads of financial spread bets). Other revenue streams include overnight financing charges, where City Index levies extra interest on top of what it lends you to trade on leverage. Traders are constantly on the hunt for low-cost forex brokers – you can learn more about low-cost forex trading by checking out our guide to zero-spread forex brokers.

City Index Withdrawal Fees

The millions of hours of use have allowed the broker to develop a platform which meets the needs of their clients. It’s reassuring to see that despite this, the firm is still looking to improve. One feature that caught the eye of our analysts was the ‘Feedback’ function. City Index gain points for providing clients with the chance to provide input for future system upgrades.