City Index is a derivative brokerage firm that offers customers a platform for spread betting and trading forex and Contracts for Difference (CFDs). Yes, with City Index, you can trade 24/7, although you can only speculate on cryptocurrencies during weekends. The broker’s crypto range includes Bitcoin, Bitcoin Cash, Ethereum, Ripple and Litecoin.
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They also do not charge commissions on CFD or FX markets, with the exception of CFD equities. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.
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We will apply an initial interest rate of 2.5% to the average tradable funds in your account(s) each calendar month. City Index is now offering an Interest Payment Scheme, an opportunity to earn interest on your tradable account funds. We’re part of StoneX Group, one of the world’s largest trading providers – listed on the NASDAQ and an S&P 500 constituent.
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Spreads start from 80 points but given the highly volatile nature of the cryptocurrency markets, they can fluctuate quite largely and rapidly. City Index offers MetaTrader4 and their proprietary City Index Desktop and WebTrader. In addition, the Markets in Financial Directive (MiFID) allows the company to operate as a regulated entity throughout the European Union.
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This helps to ensure traders that they are trading with a trusted and reliable broker. The forex broker offers you adequate trade tools for market analysis and links to third-party research providers can help you in the decision-making process. You can get a demo account to test City Index’s products and to experience its customer support firsthand.
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City Index is a global FX and CFD trading provider proudly serving Singaporeans since 2006. If you don’t know how these platforms compare to third-party platforms, we’ve also compiled a guide to help you understand and select the best options for you. The material provided herein is general in nature and does not take into account your objectives, financial situation or needs. City Index has over one million customers worldwide, 800+ staff and 1200+ trading partners. Established in 1983, we’re now part of StoneX Group, one of the world’s largest trading providers – listed on the NASDAQ and an S&P 500 constituent.
When launched, you may be asked to provide the answers to some quick questions, such as what your query relates to, in order to make sure that your question goes to the right person. Other than that, the service is usually https://forexbroker-listing.com/ speedy and easily accessed.But the Cityindex apps can provide much more information than just account help or assistance resolving problems. Usually, these calendars cover a range of relevant geographic locations.
City Index doesn’t make any charges for debit card, credit card deposits or transfers and the broker also doesn’t charge for money withdrawals. That are interested in spread betting can use City Index and trade commission-free. They can use leverage for this product and take both short and long positions. And Australia can use leverage with negative balance protection to prevent balances from going negative.
An MT4 account gives you access to one of the most popular FX trading platforms. Although it’s a dedicated FX platform, you can also trade indices, shares and commodities. It’s more suited to the city index review experienced trader who wants to build automated trading systems and access advanced charting tools. Our standard spread betting and CFD trading account is designed for the everyday trader.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFD and Forex Trading are leveraged products and your capital is at risk. Please ensure you fully understand the risks involved by reading our full risk warning.
The help and support FAQs are well-organized, allowing for quick retrieval of needed information. Contact your relationship manager or Client Management for more details. Our best execution policy means we will always deliver the fastest possible execution on all trades at City Index. If the price moves in your favour while your order is being processed, we will execute your order at the better price. Open a City Index account and benefit from competitive spreads and fast, reliable execution. The information does not represent an offer of, or solicitation for, a transaction in any investment product.
Account holders can set custom price alerts, build watch lists, chat with customer service, and do basic charting, but the apps don’t provide a real alternative to the standalone or web platforms. Fortunately, the order interface looks identical to the desktop and web programs, allowing adequate risk management while on-the-go. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. However, it’s not just data that the Cityindex apps can offer traders and investors. Ordering a trade and executing it can also be carried out easily and efficiently from the comfort of the Cityindex app, too.
These tools include a selection of order execution types, market intelligence and a powerful research portal to help you identify potential trading opportunities. I found them to have an excellent selection, up there with what Markets.com have available. City Index’s fee structure is competitively priced and especially advantageous for active traders who can benefit from its VIP discounts. However, the average spread on EUR/USD for standard accounts is slightly higher at 1.4 compared to the industry average of 1.08, which is something cost-conscious investors should consider.
- And when you update your app with the latest versions released by Cityindex’s developers, most of the data you’ve entered – such as your watchlists – will not disappear.
- Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com.
- Choose from over 84 currency pairs for leveraged trading in a highly liquid market.
- CFD and Forex Trading are leveraged products and your capital is at risk.
- Consequently, any person acting on it does so entirely at their own risk.
CFDs are risky instruments, especially when it comes to using leverage. For this reason, City Index offers various risk management tools including guaranteed stop-loss orders. While you can bet on the same products as you can trade with CFDs, there are some differences to note between CFDs and spread betting.
Traders are offered the option to tick the one-click trading button to easily enable this handy feature. The button is located at the top right-hand side of the menu on the web trader. The company does not charge commissions on spread betting or on any CFDs other than Stock CFDs.
It’s also important to note that the features available may be dependent on the version you have downloaded and, as a result, it’s worth checking online that you have the latest version installed. That way, you will be able to make the most of the convenient technical features that the app offers and stay ahead of the curve when it comes to investment tools. This is true when it comes to the Cityindex mobile apps and, in the spirit of maximum accessibility, they are available on both of the major operating systems (Android and iOS). This stands in contrast to some brokers, who only offer apps for one operating system or the other – or, worse, do not offer a dedicated mobile app at all.