City Index Cfd Trading
Products can be navigated by scrolling through the screen, and trades can be executed in just a few taps. For compliance purposes, City Index must transfer your funds back to the original source you used to fund your account.
You can draw and edit charts on the app and add up to four indicators to them. Clients have access to the technical analysis portal, which enables real-time market scans for trading opportunities. At the same time, novice traders get excellent educational resources. According to its website, City Index is “one of the world leaders in Spread Betting, FX and CFD Trading”.
Margin rates and spreads may vary depending on the account type and a trading instrument. This information can be found on the broker’s website, with a few of the markets available to trade on with the City Index. As you start collecting some trading experience, your account type is also improving. In any case, you won’t have a feeling you will miss something unless you upgrade Foreign exchange reserves since the more premium accounts don’t invalidate the basic ones. Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.
This online forex broker offers three main live account types, in addition to a demo account. With over 30 years of trading experience and trades in over 50 countries, City Index is a leader in spread betting and CFD trading. It was the first to make downable trading platforms available and the first to launch their own smartphone app. Spreads are fixed or viable, and Spread Betting accounts offer commission-free trading, and also, CFD accounts provide commission-free trading on all assets except Shares. City Index does offer a demo account, to practice trading and become familiar with the platforms. It provides £10,000 in ‘virtual cash’ , offers two week access to all their platforms except MT4 and has real time pricing.
Without expertise, retail investor accounts lose money heavily in trading. The six modules are Technical Analysis, Fundamental Analysis, Trading Strategies, Risk Management, Expert News and Analysis, and The City Index Advantage. A detailed section is also provided on CFDs and why you should trade in CFDs with this provider. AT Pro Desktop – This platform is primarily for professional traders who are willing to take the high risk. There are about 139 charting indicators and 25 drawing tools and automated trading functions on the Development Studio.
PayPal deposits and withdrawals are typically instant but can take up to 48 hours, and a similar timeframe is to be expected with other e-wallet services. Depending on your region, bank transfers may also be available for both deposits and withdrawals.
What Markets Can You Trade With City Index?
The platform currently provides services to 150 thousand traders worldwide, covering almost a billion USD worth of their assets. GAIN Capital is headquartered in Bedminster, New Jersey, and has a global reach with 800+ employees spread out across offices in North America, Europe and Asia Pacific. It is regulated by 8 separate bodies and is listed for public trading on the New York Stock Exchange.
We are required to withdraw the funds back to the exact same personal bank account used to fund your trading account. There might be an instance where we require more information from you. Please ensure to check your email for any latest updates on your request.
City Index Trading Accounts Offered
Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks Currencies forex and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. For more information please read our fullrisk warning and disclaimer.
SMS trading signals are also supported, ensuring traders never miss a profitable opportunity. The demo account is separate from the live platform, and traders can’t toggle back and forth between the two platforms. City Index offers a standard trading account, a professional account , and two types of demo accounts. City Index offers a wide variety of trading platforms, including robust mobile applications on iOS and Android for on-the-go traders. City Index is a well-regulated broker that offers its customers access to over 12,000 markets across forex, indices, shares, commodities and – in limited countries – cryptocurrencies. City Index is a derivative brokerage firm that offers customers a platform for spread betting and trading forex and Contracts for Difference . CFDs allow traders to speculate on asset prices without owning them.
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When opening an account, traders can choose whether they want a CFD account, a spread betting account, or a single account with both products. There is no minimum deposit to open a real trading account, although City Index recommends $/£/€100 to get started. City Index offers trading on CFDs for indices, shares, forex, cryptocurrencies (not in US/Canada), and other markets. We also review and explain several technical analysis tools to help you make the most of trading. Once again I wasted nearly an hour asking a City Index customer support person, to add a spread bet account to an already existing CFD.
- Like other brokers, City Index offers a particular set of products in different countries, based on what they can and cannot do by law.
- The details of the charges for triggered Guaranteed Stop Loss Orders are on the market information sheets via the trading platform.
- Traders can use an abundance of high-quality charting tools and around 80 indicators.
- This information conflicts with other site disclosures and contact with a sales agent through online chat confirmed that professional status isn’t required to use the software.
- Some of the links on this websites articles and comparison tables are affiliate links, which means we receive a commission should open an active account.
- Unfortunately, bid-offer spreads on most of other markets they quote aren’t quite that tight.
The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms. Its iShares ETFs cover a range of countries, including emerging markets. On the Advantage Web platform, 60+ Forex pairs are available, but on MT4, 80+ Forex pairs are available.
Author Of This Review
You can watch the training videos on their site but they also have a YouTube channel that regularly uploads short, relevant market analysis videos. In order to reach a human representative through live chat, City Index Review you must write the word “agent”. The FAQ section on their site is well-designed and comprehensive, which means you can get helpful information quickly, without digging through the entire web page.
Overall, City Index is an excellent market maker with competitive commissions and fees compared to traditional brokers of the same size and scale. A review of the fees and commissions charged shows that City Index offers a highly competitive fee structure that investors can afford to take.
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It is also noteworthy that professional traders have access to some resources and platforms that traders and premium traders do not. In terms of platforms, there is support for the AT Pro and Meta Trader 4 platforms, and there are extra tools available from Dataminr. This is complemented by an extensive FAQ section covering account management, platform tutorials, funding and withdrawals, financial terms and the costs of trading. Like other large market maker brokers, City Index only has one live account and one demo account.
City Index customer support is multilingual, available 24/5 and in place for existing and potential traders both. You can access customer care through online chat, email, phone or even social media like Twitter. While it can take longer to connect to agents for a live chat at odd hours, most other times, it is said to be quick. The City Index trading platform also comes with a help and support section on the site. What is the City Index education and research tool offering like? City Index also provides fundamental and technical analysis research tools on sites, trading platforms, and mobile apps.
Watch lists sync with portable, and there is module connecting, so tapping on an image will refresh the current outline. The broker provides a wide variety of trading education tools, such as videos, e-books, webinars, and Trading Academy. The Database of WikiFX forex comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn’t ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees.