City Index is authorized and regulated by the Financial Conduct Authority and in accordance with FCA client money rules, all funds are always protected in segregated client accounts. City Index is a member of the Financial Services Compensation Scheme (FSCS) and in city index review the unfortunate event of liquidation, clients may be compensated by the FSCS. Overall, City Index can be summarised as a trustworthy broker with 40 years of experience in financial markets. City Index is authorized and regulated by the Financial Conduct Authority.
- The broker maintains a Market Analysis page with relevant information and analyses.
- TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
- Trading under MAS regulation only you may redeem 1 year of free access to The Wall Street Journal.
- You may learn how to employ a trading strategy, how to analyse charts using technical and fundamental analysis, how to manage risk in your trades, and much more.
City Index’s Parent Company
Having this in mind, you can definitely say City Index is a reputable online brokerage with a worldwide presence. They have an informative section dedicated to training that contains helpful information and guidance both for newer, and more experienced traders. This makes it really easy to start using and it operates with a host of advanced charts with custom indicators and is fast and reliable thanks to the HTML5 technology it employs. 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 Spreads
The final section focuses on teaching advanced concepts including trading strategies. City Index clients can also join the exclusive trader development program if they want to learn from an ex-Goldman Sachs professional trader. The program is run by Tony Sycamore from TECHFX TRADERS, who has over 20 years of trading experience. City Index offers spread betting as an option for trading in the United Kingdom. Spread betting is similar to CFD trading in that it is a form of margin trading and most of the same instruments are available with the same leverage.
Pricing & Spreads
The parent company of City Index is GAIN Capital Holdings Inc., which is on the New York Stock Exchange as GCAP. This is among the largest institutional and retail trading providers worldwide and was founded in 1999. Additionally, GAIN Capital has earned a strong track record for providing institutional and retail customers with trading services. The fact that GAIN Capital is a publicly listed company on the New York Stock Exchange provides traders with extra confidence. This is enhanced by the fact that GAIN Capital is regulated in eight different jurisdictions around the world. GAIN Capital also consistently meets the highest standards for corporate governance, disclosure, and financial reporting.
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. The minimum trade size at the broker is the same throughout each and every account type offered. More than 20 options markets are available with daily, monthly, and quarterly options contracts tradable and low starting spreads. This spread can start from as low as 1 pip on options like the UK 100, Germany 30, and Australia 300, and from 1.6 pips on the S&P 500.
72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. When compared to similar brokers a viable alternative broker choice to City Index is IG.
The broker and their trading platforms, both proprietary and MT4 are stacked with trading tools, charting capabilities, and features. Another excellent account type choice at the broker is their FX on MT4 Account. This account type is focused on forex trading as in the name and https://traderoom.info/ is built to work solely with the MT4 trading platform. The broker provides clients with a large collection of educational materials to improve their trading knowledge and skills. Some of the educational resources provided include tutorial videos, articles, webinars, and more.
Established in 1983, City Index is a trusted international broker based in London, UK. City Index has a parent company called Gain Capital Holdings Inc., which is one of the largest retail and institutional trading providers in the world. The popular brokerage firm also has other offices outside of the UK including in Australia, Singapore and the United Arab Emirates.
I share my knowledge with you for free to help you learn more about the crazy world of forex trading! All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. City Index runs a market-maker pricing model through its proprietary dealing desk.
Of these, you will find that the no minimum deposit is very popular and helps keep the broker accessible to all traders along with the tight spreads. The City Index Economic Calendar provides quick access to key market events affecting the UK, US, Australia, Japan, Germany, and France. The City Index fundamental and technical analysis portal offers you practical trading ideas as well as the resources to do in-depth market research.
The broker accepts support questions through phone, chat, or email, and a fairly strong social media presence is used primarily to distribute research and marketing materials. The help and support FAQs are well-organized, allowing for quick retrieval of needed information. Contracts-for-difference, also known as CFDs, are banned in the United States because the US securities law disallows their trading. Irrespective of CFDs being banned in the US, non-US traders are able to trade CFDs on company stocks based in the US.