City Index Review + 2023 Analysis For Retail Forex Traders

city index review

City Index traders can navigate the platform and find the information they need to make informed trading decisions. Autochartist on the City Index platform is a powerful tool designed to help traders find trading opportunities quickly and easily. It’s important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn’t allow automated trading scripts such as Expert Advisors. Brokers like City Index must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

city index review

You’ll pay LIBOR minus 2.5% or RBA OCR minus 2.5% for short positions. If you’re interested in exploring the forex market in the UK further, we’ve got you covered with our comprehensive guide to help bring you up to speed and expand your understanding of this market. The account registration process can be started by clicking on the “Open Account” button located throughout the City Index Webpage. City Index seems to have matured nicely though, it’s grown out of its lumbering adolescence under the ownership of Gain Capital and is now owned by US Behemoth StoneX (previously INTL FCStone).

City Index Customer Reviews

It can be challenging to understand each platform’s various features and benefits, especially with a complex trading platform like City Index. City Index offers a mobile application for both iOS and Android users. Traders can use the app to execute and manage trades on the go while making use of City Index’s main platform features. City Index provides customers dedicated 24/5 customer support in over 180 countries.

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Now let’s take a closer look at what you can expect from City Index when making a withdrawal. EWallets are also broadly supported by the broker with PayPal catered for though not in Singapore. In Australia, you can use  EFT, BPAY, PayID, and PayPal while in Singapore you can use PayNow. This can apply to countries like Canada, Japan, or the USA where you are obliged to register an account with Forex.com as your only choice. Of this haul, they have been selected as the best Spread Betting or CFD provider 5 times and won the Best Platform or App award 6 times.

Can you open an account?

However, the circumstances in which an City Index trader should use a stop-loss order can vary depending on the specific trade and market conditions. The next step involves submitting identification documents for City Index account validation and making a deposit. Once completed, City Index users can download the trading platform of their choice. To open a trading account with City Index, individuals can sign up on the City Index website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

city index review

Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring City Index’s platform. The support team quickly and efficiently resolved all of our queries.

User Reviews

For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. City Index offers a rich educational experience that will satisfy both beginner and intermediate traders. Its YouTube channel has a robust archive of educational videos, but City Index offers fewer written articles than leaders in this category.

  • City Index offers some of the best trading tools and analysis to help traders perform better.
  • City Index traders can navigate the platform and find the information they need to make informed trading decisions.
  • This proved to be much more useful than first thought, particularly during times when markets were fast-moving as the colour coding helping with instant recognition of markets and instruments.
  • 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.
  • Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).

City Index offers CFD trading on 17 major indices from Asia, Europe, the US, and Australia, including Singapore Index, Wall Street, and Germany 30. Take advantage of lightning-fast execution, award-winning platforms and superior support. If you’re interested in applying for a trading account with City, you can do so by clicking the button below. City Index accepts customers from most countries around the world.

Forex

This is available across devices and includes trading signals, custom indicators, and hedging tools. It also has a customizable economic calendar, multiple order types, and supports the use of trading robots. Electronic payment methods, including BPAY, PayPal, PayID, and EFT, city index reviews are also available. 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.

The fundamental stock analyser shows if a stock is considered overbought or oversold at a glance. AT Pro is designed for advanced traders who need more powerful analysis tools with improved speed and efficiency. It includes a fully customisable layout so that you can build your own personalised trading templates in C#, .NET and Visual Basic or choose from the hundreds of pre-built trading templates. To close your City Index trading account, you need to contact the client management team. Before the account can be closed, you need to answer two security questions that you set up prior to verifying your identity. After providing this information, City Index will proceed to close your account.

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