This, together with the many awards they have collected over the years, has really helped them build a trusted brand. Trading techniques are limited, however, Spread Betting is permitted and they have more than 35-years of trading experience. The InvestinGoal review team has carried out a detailed review of City Index covering all key areas of the broker.
As with most spread betting brokers, City Index clients trade via two-way bid-offer prices the difference between the bid and offer representing the spread. These vary by product and contract but in the FTSE 100 index City charges a minimum spread of 1 index point and on the Germany 30 or Dax it charges 1.20 points. You can trade Spread Bets on leading equity indices up to 24 hours per day. For stock trading, spreads of 0.8% for UK and 1.8 cents per share are built into the price. Reuters real-time financial news feeds data and market information straight into all trading platforms and apps.
Lastly, City Index operates in Singapore and is registered as StoneX Financial Pte. In Singapore, the broker is regulated by the Monetary Authority of Singapore (MAS) and accepts clients across most of Asia. To help prevent negative balance protection from needing to be activated, a margin call system is also used. 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 city index review enough balance in your account across open and closed positions to cover your required margin to hold your position. Use the calculator below to compare City Index’s trading costs with competitors such as Pepperstone, Eightcap and CMC Markets, adjusting for trade size, currency pair, and base currency.
City Index Indices Trading Review
The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. For a beginner, it is necessary to do some research on the authenticity of any broker that you may be considering. Broker reliability if often judged by some basic parameters like regulation, the parent company, and the client feedback. Besides this, one must also consider the technology being used to protect your funds and wallets. You should always do your own due diligence before you start trading with any platform. You cannot use city bank cards to fund accounts with any spread providers.
You can access the demo account for 12 weeks, which should be plenty of time to test strategies and get comfortable with the platform. After forex spread betting; the second most popular instrument for trading is shares. I reviewed the fees for these markets, and City Index consistently outperforms the industry average across all five of the main categories. City Index is a low-cost, award-winning, spread betting and CFD trading platform with access to the popular MetaTrader 4, as well as their own proprietary web trading platform and mobile app. The City Index Economic Calendar provides quick access to key market events affecting the UK, US, Australia, Japan, Germany, and France.
Does City Index offer demo trading?
The news feed was also of excellent quality, providing City Index traders with quality news from Reuters in addition to analysis from the in-house research team on global markets. There is also an economic calendar and a thriving social media presence that reiterates research and marketing materials for retail investors who are expanding their skills and knowledge. City Index is a well-established and fully regulated broker that offers over 450 tradable instruments across different asset classes. They provide advanced trading platforms, tools, and educational resources.
Capital.com
I would say that overal,l City Index is a better spread betting broker than CMC Markets, especially if you are trading a broad range of shares, particularly smaller cap shares. CMC Markets is more focussed on the most liquid markets like EURGBP and indices and can have tighter pricing. But, for an all-round service, City Index is a better spread betting broker for most UK traders.
- City Index spread betting is available, though due to regulatory requirements, only UK-based traders can use this service.
- Having the option to pick up the phone and talk to someone directly is valuable in those situations.
- I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform.
- These applications offer secure 24-hour account access, live charts, and prices, as well as an integrated Reuters news feed and an economic calendar.
In fact, most brokers, even IG just have a bog standard list of upcoming earnings and economic announcements. But I think you need more from a trading platform these days, especially as when logged into the desktop platform the format is all off. One broker that has absolutely nailed their economic calendar is ThinkMarkets. With TM when you’re logged in you get a really good visualisation of previous data, volatility and most importantly what impact it had on relevant institutions like EURUSD. It’s a great way to see how markets have moved against previous numbers.
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At this point, the broker will automatically exit some trading position till the threshold is no longer crossed. Our team of experts felt the obligation to provide our readers with additional information on the guaranteed stop-loss order. Ultimately, each trader must weigh the pros and cons themselves and choose what is right for them. Join the Active Trader Program for monthly cash rebates and personalized support that grows with your account.
Does City Index charge an inactivity fee?
Any reliance you place on such information is strictly at your own risk. We also provide a broker matching tool that suggests potential platforms based on the preferences you enter. This tool is informational only — it is not a recommendation or financial advice. Our reviewers open accounts with each broker, carry out test trades, and record observations across different asset classes. This process allows us to create comparative summaries that reflect our assessment of the overall user experience. To open an account with City Index, traders may need to provide documents to verify their identity and financial status.
- Back in the good ol’ days, you could open an account and put on a million-dollar trade over the phone with no ID, no deposit, and no idea.
- It provides competitive spreads and a user-friendly platform with TradingView integration, making it a solid choice for day traders.
- There are three account options, a demo account, a live account, and a professional account hosted on a choice of three trading platforms.
- EWallets are also broadly supported by the broker with PayPal catered for though not in Singapore.
It has a completely customizable layout, allowing you to create your own customised trade templates or select from hundreds of pre-built trading templates. City Index provides top-rated mobile trading applications for both iOS and Android devices. Yes, City Index is well-suited for beginners, offering extensive educational content and support. You can fund your account via a good variety of payment options including Debit/Credit cards, Bank Transfers, and electronic wallets. At the same time, the minimum balance requirement that City Index has is $100 which is not the lowest you will find. For instance, XM Group let you open an account to get started with just $5.
Deposits & Withdrawals
Yes, based on our data matrix, testing, analysis and the fact they are regulated by the FCA City Index is a good broker. In our City Index video review we test the platform with real money, put some trades on and highlight some of the broker’s unique features. These potential opportunities will be ready to trade on a number of short timeframes from 4-12 hours and you can also utilize the suggested order details. Though many areas are automated, the position can only be closed by you. This feature is also available on mobile under the “more” tab, and as yet is not accessible for UAE clients. They also facilitate guaranteed stop-loss orders, trailing stops, and can make margin calls if your equity falls below a certain level when trading on leverage.
City index offers retail investors and professional traders hundreds of lessons available at their fingertips. The educational material encompasses a broad range of topics from lessons on how CFDs work and a trading strategy course that is valued at over $5,000. Traders in Australia can also choose the RAW FX account type which has low commissions starting from just USD 5 or AUD 6 while Singapore traders have the option of a DMA account. With a minimum deposit of $25,000, this trading account would really appeal only to premium traders.
City Index Minimum Deposit
We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. City Index is an award-winning financial broker based and regulated in the UK. The firm has built up a trustworthy reputation over its 35 years of operation offering forex, spread betting, CFDs, options and even metal bullion investing. This 2025 broker review explores significant features like leverage rates, supported markets, opening times, fees and CFD commissions. Read on to learn whether City Index could provide you with the investing edge you need. City Index have a whole host of significant benefits that set them apart from competitors.
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