City Index is an industry leading brokers in forex, CFDs and spread betting. Founded in 1983 in the United Kingdom the multi asset broker has over 30 years’ experience. Although it was acquired by GAIN Capital Holdings in 2015, City Index continues to operate as an independent brand giving traders access to its wide variety of products.
Anyone living in the UK, Australia, Singapore and the Middle East can choose to trade in the spot market, CFD market as well as carry out spread betting via City Index. In fact, there are over 12,500 different instruments to trade. These include 21 market indices, 84 currency pairs, 12 types of bonds as well as various crypto currencies (to name a few). You do not pay any commission for spread betting and CFD trading. For equity CFD trading there is however a minimum commission of $25. With regards to Forex trading you can trade as low as 0.5 points
As previously mentioned City Index has been acquired by GAIN Capital. This means that all customer support issues are directed to a representative from GAIN Capital. Depending on where you opened your trading account, you will be redirected to either there US or UK office. It is essential to consider time differences, relative to the operating hours in these locations. The support team handles a wide selection of languages which ensures you will be helped in a language you are most comfortable with. City Index has a triple AAA support rating because of their excellent reputation with customer service.
Payment methods that are supported includes bank wire transfers as well as debit and credit cards with no deposit fee. Withdrawing can be done in the same method used for depositing. Minimum withdrawal amount is £50 and the maximum £20,000, with the withdrawal completion time depending on the bank responsible for actioning the payment. International withdrawals should take no longer than 5 working days and domestic withdrawals can take as little as 1 working day.
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Note: If your language is not English, you should use the language dropdown menu at the top of their page to select your language.
Trading platforms available are both web-based and mobile. Advantage Web, AT Pro and Metatrader 4 are the 3 web-based platforms available and are each great depending on what it is you want to get out of the experience. Advantage Web allows the suer to get up and going quickly and contains a number of risk management tools to protect the user from significant losses. AT Pro is for the more experienced user who expects to trade a reasonable quantity each day. Metatrader 4 is reliable and easy to use and should be able to meet all your trading needs. The mobile app is a great addition if you want to trade on the go, conduct market analysis and enter and exit positions.
Additional features include market news and analysis, Signal alerts as well as historical data. Also included is tutorials on how to use City Index so that you can make the most of what it has to offer. The only real disadvantage is that City Index does not offer deposit bonuses and promotions. Other than this City Index is a great way to trade and is the only logical choice for both new and existing traders.
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