City Index Review in 2025 Spreads & Fees Compared

City Index Review in 2025 Spreads & Fees Compared

We tested the Execution Speeds and the account opening process for various forex brokers and scored City Index 8 out of 15. While a dedicated account manager was automatically assigned, the account opening process took days, and establishing an MT4 account required intervention from the account manager. In https://traderoom.info/city-index-forex-broker/ a break from the norm, City Index’s Trading Academy is a video series produced in the style of a reality show. The series follows a group of novice traders learning how to trade over a period of six weeks. City Index also produced its Celebrity Trader series, where celebrities share their own trading tips and tricks. Archived webinars such as the “Become A Trader” series are also available on City Index’s YouTube channel.

Compare Brokers Similar To City Index

The­se platforms act as intermediarie­s between trade­rs and the Forex market. The­y provides real-time quote­s, technical charts, advanced analysis tools, and order e­xecution features. As a trader see­king to explore Forex trading, you re­quire skilled guidance. Our guide provide­s insights into choosing the best broker, unde­rstanding the Forex market intricacie­s, risk management strategie­s, and profit optimization approaches. We will explore­ strategic techniques, e­ssential tools, and key indicators for succee­ding in Forex trading.

Can you trade options with City Index?

Scalpers may make multiple trades over the course of a day and don’t leave positions open over night. By comparison, ECN brokers operate through a no-dealing desk (NDD) where client orders are matched directly with various liquidity providers (LPs). The weekly forex outlooks and forecasts published every Monday morning at 10.00 am is another insightful tool that will prepare forex traders for the week ahead. When it comes to trading education, we think this is a big strong point for City Index. When you open an account you gain access to an impressive educational trading academy. In addition to these methods, traders can also find the answers to a range of frequently asked questions in the FAQ section of the brokerage’s website.

City Index owner Stonex acquires Chasing Returns to help traders understand what they are getting right (and wrong)

Also, it provides hassle-free and timely withdrawal deposit facility. Beginners can practice and learn Forex platform trading with the aid of tools, educational materials, and demo accounts. City Index has a Training tab on its website that offers educational resources for traders at all levels. More experienced traders may want to check out the City Index MT4 or AT Pro platforms. When opening an account, traders can choose whether they want a CFD account, a spread betting account, or a single account with both products.

Its in-house written materials are high quality, and market coverage is diverse. To withdraw funds from your City Index account, please visit the funding section on the platform and select WITHDRAWAL. The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply. City Index protects its customers’ private and sensitive information under SSL encryption.

In 2014, Michael Spencer, the founder and controlling shareholder of City Index, sold the company for $118 million. The combination created a new global firm with operations in more than 150 countries and annual trading volumes in excess of $3 trillion. In 2014, Michael Spencer, the founder and controlling shareholder of City Index, sold the company to GAIN Capital Holdings for $118 million. The combination created a global firm with operations in more than 150 countries and annual trading volumes in excess of $3 trillion. City Index trades under StoneX Financial Ltd in the UK, a subsidiary of StoneX Group Inc.

Traders can use the City Index demo account for a limited period only (UK — 12 weeks; AU — 2 weeks; SG — 30 days). Traders will also find comprehensive market information, including a detailed analysis from Reuters. There is no minimum deposit — City Index recommends $/£/€100 as a starting point. After completing this information, traders may have to submit additional information to verify their identity. Speculating on interest rates at City Index is based on fixed spreads. Traders can refer to the City Index website for the full list of commodities spreads.

Is City Index a trustworthy broker?

  • If you want to trade more markets on the weekend you need a broker like IG that offers a wide range of financial markets on Saturday and Sunday.
  • We tried the livechat experience with City Index and it works well.
  • 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.
  • The broker also adheres to the industry-standard security measures, including encryption technologies for data protection, ensuring that client information and transactions are kept private and secure.

But, non-trading fees charged by City Index are comparatively greater. Consequently, you are billed more for non-trading actions in your trading account, such as deposits and withdrawal. They charge prices of varying rates for a variety of services to earn money. You can start using the MetaTrader 4 platform with City Index in multiple formats including through an online web platform, or through a downloadable application for Windows PC’s and Mac’s.

I don’t really understand how they make decisions but smells bad

Many unprofessional brokers try to pressurise customers into bigger financing for premium services. City Index, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the greater benefits will become available.