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city index reviews

Overnight financing rates are also inline with what you would expect 2.5% over/under SONIA rates. When it comes to leverage, City Index’s offering is fairly muted compared to other leading forex brokers. City Index runs a market-maker pricing model through its proprietary dealing desk. In other words, City Index creates its own market for retail traders to buy and sell financial instruments.

  1. As well as trading FX, you can also invest in the currency markets through a range of ProShares and Invesco ETFs.
  2. In 2008, City Index expanded its presence in forex with the acquisition of FX Solutions.
  3. (i provided initial info many weeks ago)I requested to withdraw MY money 2 days ago and still they have not transferred it.
  4. But you cannot trade indices, stocks or commodities on the weekend.
  5. While the mobile app and responsive trader are not inclusive of all desktop features, most are available and built-in.

Excellent trading platform but plenty of risks

city index reviews

Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape. The makeup of the index will be reviewed quarterly, on the third Friday of the month. The current basket of stocks includes Nvidia, Plantir, and Altair Engineering. That’s particularly relevant during quarterly earnings with most firms reporting prior to or after the close of the regular equity trading session.

City Index Range of Markets

The headquarters of GAIN Capital is in Bedminster, New Jersey, with more than 800 staff throughout North America, Asia Pacific, and Europe. With SMS Volatility Alerts, you can stay on top of any trade opportunities in your preferred markets. Simply choose as many markets as you like and receive notifications directly to your phone – complete with links to the platform that allow you to trade immediately. City Index’s best execution policy ensures that all trades at City Index are executed as quickly as possible.

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Take advantage of lightning-fast execution, award-winning platforms and superior support. It’s easy to get someone to attend to you and solve your problems. Their system is easy to use and intuitive, and you don’t have to just through hoops to get what you want.

How To Get Verified As A Professional Trader

city index reviews

Overall the City Index trading platform is very intuitive to use and it has a clean, clearly laid out interface making it suitable for beginners who want a simple platform with trading signals. It is also advanced enough for experienced traders executing large orders and needing post-trade analytics or voice brokerage as backup. City Index’s mobile app provides access to 12,000 markets through spread betting and CFDs has just had a facelift with some behind-the-scenes improvements as well.

Having full access to SMART signals means you can keep an eye out for new trading opportunities and place corresponding trades on the move. Performance Analytics also gives the full breakdown how where you have been profitable or not in the past and provides feedback on whether or not you are sticking to your trading plan. Both, mean that the app has a bit more use than just a way to monitor the market when not in front of your normal trading screens. You can trade on MT4 and MT5 with City Index, but functionality and market access is not as good as their main proprietary trading platform or some of their MT4 competitors. You can only trade around 84 markets on MT4 through City Index, but if you just want to trade the major markets, City Index is a good broker for MT4 based on their regulation, service and pricing. Thank you for leaving your feedback, we strive hard to make every customer experience enjoyable, and we are sorry we have not been able to meet your expectations this time.

Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). I would add reliable, too – technical issues seem rare these days. Must be mindful though that the product itself is high risk and there is the possibility of losing all your capital and more, on the other hand, potential gains can be considerable.

city index reviews

The MetaTrader 4 (MT4) trading platform is available with a wide range of built in features which are further enhanced by City Index’s service, support and pricing. Developed by trading software company MetaQuotes, MT4 is perhaps the most widely used trading platform and considered by many as the most user friendly. It has a quick learning curve making it an attractive proposition to new traders whilst having enough advanced functionality for the more seasoned trader. City Index’s spread start at 0.5 for EUR/USD pairs, and you can trade major indices with spreads starting from 0.3 points.

In the beginning, I spent some time to get used to the new platform, but now it is quite friendly to work with. I love trading with City Index, I have been a bit quiet lately but not a day goes by without me thinking about my platform setup. Payments back to you card are now processed through US so now there is a delay on monies getting back into your account. Using the City Index website is relatively straightforward, whether on desktop or mobile. Users may have to search a little as they look for pricing information or specific assets available for trading, but once you familiarise yourself with the website layout, it becomes relatively straightforward. Spread betting is also available on other markets, including interest rates, bonds, and metals.

When you trade commodities with City Index you are either trading a CFD or financial spread bet as an OTC product. However, you can trade spot commodities against the USD, or quarterly contracts that mirror the futures cost of carry. City Index’s demo account lets you trade for 12 weeks with a virtual balance of £10,000 on all the 13,500 markets that are available on the live trading platform. Using and navigating the app is intuitive, with icon-based menus for markets, watchlists, alerts etc. There is a news feed and economic calendar, as well as technical analysis from Trading Central. You can draw and edit charts on the app and add up to four indicators to them.