Home  »  Forex Broker  »  City Index

One of the top online brokerages for investors in Singapore is City Index. The traders can make the most of the CFD trades on this platform.

It undoubtedly offers the best quality trades. The industry-leading broker offers CFD, forex, and spread betting. Traders can read the city index review and learn more about trading here.


About City Index & Accepted Countries

Founder / CEO Glenn Stevens
Established Year1983
Publicly TradedYes
Total Employees200+
Regulations ASIC,FCA
HeadquarterUK

City Index was established back in 1983, and it has become one of the most leading brokers in spread betting.

City Index Forex BrokerCurrently, the broker has access to at least 12000 global markets across indices, shares, and commodities.

Additionally, the broker also offers a wide range of personalization options like 16 chart types with more than 65 indicators—furthermore, GAIN Capital Holdings Inc. (NYSE: GCAP is the parent company of City Index.

With more than 35 years of trading experience, the broker indeed possesses a lot of reliability. It is also an award-winning platform for offering technology over various devices.

The broker has its headquarter in the UK. Besides providing industry-leading services, the broker also provides risk management and fair pricing, which give traders peace of mind.

The broker is undoubtedly a  stable and secure trader featuring excellent resources and industry-leading standards.

Besides having a good track record of delivering perfect trading conditions, the broker indeed has impressive strength.

The broker only accepts traders from all over the globe. Some of the exceptions include:

  • USA,
  • Canada
  • Afghanistan,
  • Angola,
  • Belarus,
  • Belgium,
  • Burundi,
  • The central African Republic,
  • Chad,
  • Congo,
  • Cote D’Ivoire,
  • Cuba,
  • Equatorial Guinea,
  • Eritrea,
  • Guinea,
  • France,
  • Guinea-Bissau,
  • Haiti,
  • Hong Kong,
  • Iran,
  • Iraq,
  • Israel,
  • North Korea,
  • Lebanon,
  • Liberia,
  • Libya,
  • Myanmar,
  • New Zealand,
  • Nigeria,
  • Sierra Leone,
  • Somalia,
  • Sudan,
  • Syria,
  • Turkmenistan,
  • Uzbekistan,
  • Venezuela,
  • Western Sahara,
  • Yemen,
  • Zimbabwe

Open a Forex Trading Account Now! – Fill up the Form


    City Index Trading Platforms

    Trading PlatformMetaTrader 4, Proprietary platform, Web-based
    Desktop Platform – WindowsYes
    Desktop Platform – MacYes
    Desktop Browser PlatformYes
    Mobile Site PlatformYes
    Android App PlatformYes
    iOS App PlatformYes
    Windows App PlatformNo
    Other Mobile OS PlatformNo
    Real-time UpdatesYes
    Portfolio DetailsYes
    Research ReportsYes
    Global IndicesYes
    Personalized AdvisoryYes
    Interactive ChartsYes
    Live MarketsYes
    Multi-Account ManagementYes
    Trading Platform Supported LanguagesEnglish

    The city Index offers trading platforms, including web and desktop.

    There is a trading platform for all as the broker provides a reliable, flexible, and fast platform. The best of all is that various indicators make trading easy for traders.

    The web trading platform offers advanced personalization charts featuring various intelligent tools and indicators.

    The online platform also provides innovative trade options besides stop orders. Additionally, there is a real-time margin calculator available.

    Additionally, AT pro trading platform is mainly designed for professional traders featuring more powerful analysis tools.

    There is a wide range of drawing tools available for trader’s market analysis.

    Lastly, Meta trader 4 is also available here that offers a range of inbuilt features. The platform is quite user-friendly, so even beginner traders can use it.

    Through MT4, traders can also conduct various analyses.


    City Index Mobile App

    The city Index tends to offer mobile trading apps for both ios and android devices so traders can trade from anywhere.

    The app provides 24*7 account access and live chat.

    The traders can use the app to place or manage orders even while they are on the go.

    All traders need is a stable internet connection to place trades here.

    Besides trading anytime, anywhere, traders can avail themselves of a wide range of features here, like receiving news from various markets.

    Additionally, traders can also create and keep a watch over their personalized watchlists.

    Lastly, an economic calendar is also available, which allows traders to learn about market events globally.


    Check out Mobile Apps of more Forex Brokers


    City Index Commission or Brokerage or Fees

    Commission on tradesYes
    Fixed spreadsNo

    City Index generally doesn’t charge any commission on spreads available on bet markets. Additionally, there is no commission applicable on FX or CFD markets.

    The only exception here is CFD equities. The CFD commissions tend to vary from market to market. For example, 0.8 pips are applicable for the UK and several European equities.

    At the same time, the US and Asian equities start from 0.08 pips and 0.02 pips, respectively.

    Besides the City Index commissions, the traders need to pay overnight holding fees on their accounts. It is applied at 17:45 every day.

    Traders can learn about the commission more on the broker’s official site.


    City Index Exposure or Leverage

    Maximum Leverage1;400

    The broker offers leverage depending on the trader’s country, but the maximum power is 1:1200 for UK traders.

    While for traders in  Australia and Singapore, the force available is 1:30 and 1:50, respectively.

    When traders trade on CFD, they can trade on leverage which means traders only have to deposit some of the total trade value to get similar exposure to forex markets.

    Even though power can increase one’s profit potential but at the same time, it can majorly increase their risk potential.


    Payment Methods provided by City Index

    DepositBPAY, Credit Card, Giropay, Mastercard, MoneyGram, Wire Transfer
    WithdrawBPAY, Credit Card, Giropay, Mastercard, MoneyGram, Wire Transfer

    Several payment methods are available for the traders, including BPAY, Credit Card, Giropay, Mastercard, MoneyGram, and Wire Transfer.

    The minimum withdrawal amount is $50 or the remaining account balance, whichever tends to be the lowest. The maximum withdrawal amount is $20000.

    International withdrawal takes at least three to five days.

    On the flip side, the domestic departure takes at least one or two days. If traders choose CHAPS bank transfer, they need to pay a $25 charge.


    Find out Payment Methods provided by other Forex Brokers


    Investment in Asset Classes or Markets by City Index

    Currencies TradingYes
    Commodities TradingYes
    Indices TradingYes
    Stocks TradingYes
    Cryptocurrency TradingYes
    ETF’s TradingNo
    Bonds TradingNo
    FUTURES TradingNo
    OPTIONS TradingYes
    Supported CryptocoinsBCH, BTC, ETH, LTC, XRP
    Total Tradable Assets100+
    Number Of Currency Pairs20+
    Number Of Cryptocurrencies5
    Number Of StocksNA
    Number Of IndicesNA
    Number Of CommoditiesNA
    Number Of FuturesNA
    Number Of OptionsNA
    Number Of BondsNA
    Number Of ETFsNA

    Through City Index, one can trade over at least 12000 markets with CFD trading and spread betting.

    The trading instruments mainly include more than 80 currency pairs, at least 20 indices, shares, and commodities.

    Traders can also trade in cryptocurrencies like bitcoin. The platform is ideal for traders who wish to invest in various markets and trading avenues.


    City Index Virtual Trading or Demo Account

    Virtual MoneyNA
    ChargesFree

    As per the city Index review, the broker offers at least two free demo accounts.

    The traders can learn to trade, conduct various market analyses and get familiar with the forex markets.

    Firstly, the MT4 account is available only for 12 weeks and will have at least $1000 virtual funds to start training with.

    Secondly, the standard city index demo account offers unlimited access to a city index trading platform.

    The best part about a demo account is that traders can avail real-time pricing on various markets.

    Hence traders can switch to actual trading once they get some trading confidence.


    City Index Offers or Deals

    Free Learning CoursesYes
    Free Demo AccountYes
    Discount on BrokerageNo
    Flexible Brokerage PlansNo
    Referral OffersYes
    Forex Trading ContestNo
    Trading Bonuses & RewardsYes

    The broker offers several deals that help in boosting trading speed for traders.

    Additionally, best of all, traders offer free learning courses. Furthermore, referral offers are also available.

    Lastly, bonuses and rewards are also available to traders who choose the city index as a trading platform.


    City Index Regulation or Licensing

    RegulationsASIC,FCA

    Eight jurisdictions tend to regulate the City Index.

    The Financial Conduct Authority (FCA) manages to handle city indexes. Australian Securities and Investment Commission (ASIC) and Monetary Authority of Singapore (MAS) also regulates the broker.

    The broker holds the funds as per the client’s money rules. As per the City Index review, clients can compensate at least $85000 through the scheme.


    Find out Regulations & Licensing of more Forex Brokers


    City Index Features

    Educational ServicesYes
    Social Trading / Copy TradingNo
    Trading SignalsYes
    Email AlertsYes
    Guaranteed Stop LossYes
    Guaranteed Limit OrdersYes
    Guaranteed Fills / LiquidityNo
    OCO OrdersYes
    Trailing SP/TPYes
    Automated TradingYes
    API TradingYes
    VPS ServicesNo
    Trading From ChartNo
    Interest On MarginNo
    Offers HedgingNo
    Offers PromotionsNo
    One-Click TradingNo
    Expert AdvisorsNo
    Other Trading FeaturesNo

    As per the city Index review, there are several trading features available here.

    Firstly traders can access the research portal where they can save a lot of time scanning the forex markets for trade setups.

    Second, several trading strategies are available that are mainly used as trading signals to complement their trading plan.

    Third, there is a feature that allows traders to learn about the market news.

    Lastly, the economic calendar here is quite personalizable, which shows the impact of important information on trades.


    City Index Account Types

    Take a look at the types of accounts that the company is offering:

    Account TypePersonal AccountPremium TraderProfessional Trader
    Initial Deposit£/$100NANA
    SpreadFloatingits FloatingFloating
    CommissionNoNoYes
    Leverage1;2001;2001;200

    City Index app mainly offers three types of accounts with different pricing and features, and it has one of the most popular features of advisor allotment.

    The first account is a personal trader account that mainly aims towards new and experienced retail traders. Secondly, a premium trader is available to private retail traders.

    Lastly, the professional trader account is available only for expert traders.

    To qualify as a professional trader, one needs to have a considerable trading portfolio and make significant transactions in a year.

    In addition, the broker fees might be applicable, so traders need to check them before trading here.


    City Index Trading Account Features

    Check below all the trading account features under various account types:

    Trading Desk TypeMarket Maker
    Min Deposit£/$100
    Maximum Leverage1;200
    Mini AccountYes
    Premium AccountYes
    DEMO ACCOUNTYes
    Islamic AccountNo
    Segregated AccountYes
    Managed AccountNo
    Institutional AccountNo
    Suitable for beginnersNo
    Suitable for professionalsNo
    Suitable for scalpingYes
    Suitable for daily tradingYes
    Suitable for Weekly tradingYes
    Suitable for swing tradingNo

    City Index – Research & Advisory

    Find below all the different reports and support provided by its Research & Advisory team:

    Fundamental ReportsNo
    Research ReportsNo
    Company ReportsYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    Delko’s ResearchNo
    Top PicksNo
    AutochartistYes
    Acuity TradingNo
    Company Stock ReviewNo
    Free Stock TipsNo
    WebinarsNo
    Video EducationYes
    Economic CalendarYes
    Offline AdvisoryNo
    Relationship ManagerNo

     


    City Index Benefits

    Some of the fantastic perks of trading here are:

    • Trustworthy broker.
    • Has more than 30 years of experience and is available in at least 180 countries.
    • One-click trading feature available.
    • There are no withdrawal fees applicable.
    • City Index commission is not applicable.
    • 24*5 customer support.

    City Index Cons or Drawbacks

    • A demo account is only valid for 12 weeks.
    • Limited choice of cryptocurrencies turns off traders.

    City Index Trading Hours

    At City Index, traders can trade on the most important markets during the trading hours. In addition, the traders can get 24*5 support through phone or email.

    All traders need to head to the official site and find the telephone numbers depending on their location.


    City Index Customer Care or Contact Details

    Dedicated DealerYes
    Support During WeekendsNo
    Online TradingYes
    24*7 SupportYes
    Email SupportYes
    Live Chat SupportYes
    Customer Support LanguagesEnglish

    The traders can get the best possible support here as the broker aims to keep the traders satisfied.

    The hotline option is also available for traders if the site is down. Traders can get help in several languages, including :

    • English
    • Spanish
    • German
    • Polish
    • Arabic
    • Chinese

    Additionally, chat support available here is efficient as there are minimum waiting times.

    The help and support available here helps traders to deal with almost all the queries.

    Additionally, traders can find the nearest office on site, which can help them solve issues.


    City Index Safety & Security

    When it comes to trading here, a plethora of traders are concerned about safety and security.

    The best part about trading here is that the City index app is relatively safe as all trader’s funds are segregated and available in one account.

    The company also thrives on using encryption technology to keep trader’s data safe and sound.


    City Index Rating & Reviews

    Based on different users and their experiences below are the company rating and reviews:

    User Experience7.5 / 10
    Products & Services7.8 / 10
    Brokerage Charges & Fees8.1 / 10
    Research & Advisory8.2 / 10
    Trading Platforms8.1 / 10
    Overall Ratings8.0/ 10
    Star Ratings★★★★
    Total Client Reviews85

    City Index Forex Trading – Conclusion or Verdict

    The broker has played a crucial role in the trading industry.

    It is quite a robust trading broker which is regulated in several markets, and it covers a wide range of instruments.

    Besides offering a wide range of trading instruments, the traders also provide educational materials. Lastly, all the accounts are pretty flexible, so traders don’t need to stress as such.


    City Index Forex Trader FAQs

    Here is the list of FAQs related to the City Index forex trader:

    Is the City index Safe for Trading?

    Yes, City Index is undoubtedly safe for trading as they tend to be a part of  GAIN Capital Holdings, Inc. Multiple institutes regulate the broker.

    The best of all is that the broker has been serving traders since 1983.

    What is the Commission for City Index?

    The broker doesn’t charge any commission to the traders, but there are some spreads applicable. Besides this, traders also need to pay overnight holding fees.

    The interest payment is mainly charged to cover leverage costs that traders use overnight.

    How to Open a Trading Account with City Index?

    It is quick and easy to open an account with City Index.

    Traders can head to the broker’s site and apply for an account with a click of a button.

    When it comes to opening a trading account, traders need to submit personal details.

    Can I invest in Cryptocurrency with City Index?

    Yes, traders can surely invest in cryptocurrencies, including BCH, BTC, ETH, LTC, XRP. Besides, traders can also invest in other currency pairs and indices.

    Traders can choose the investment avenues as per their budget and needs.

    What leverage does City Index provide?

    The city index offers maximum leverage of 1:1200.

    But power tends to vary from country to country. Hence traders need to check the influence while trading here.

    Does City Index have a trading app?

    Yes, the city Index offers a trading app.

    Traders with android and ios devices can use the app. The best of all is that the traders can use the app even while on the go.

    How to contact city Index customer care?

    The traders can quickly contact customer care through email or phone.

    Additionally, a live chat feature is also available here. Traders can connect with the broker 24*5.

    Is the City Index Regulated?

    The UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS) tend to regulate the broker.

    These regulators protect the traders globally.

    Is the City Index suitable for Beginners?

    Yes, the city Index is undoubtedly suitable for beginner traders.

    The broker offers a demo account where traders can practice trading.

    Once the traders feel set for the market, they can start trading with real money. The virtual funds allow traders to gain some market experience.

    Who founded City Index?

    Glenn Stevens is the founder of City Index, and the platform has been running since 1983.

    Traders globally trust, so there is nothing to stress here.


    Open a Forex Trading Account Now! – Fill up the Form


      Learn everything about Forex Trading


       

      Leave a Reply

      Your email address will not be published. Required fields are marked *

      24 + 9 =

      Invest in Forex at Zero Brokerage Open Forex Account