City Index Reviews
City Index Customer Reviews (13)
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City Index Features and Benefits
City Index offers several key features and benefits:
- Versatile Trading Platforms: Includes the Web Trader platform with advanced trading tools and integrated research, and a mobile app with features like integrated research, news headlines, and market commentary.
- Diverse Market Research: Provides extensive market research, catering to a broad spectrum of traders and investors.
- Wide Range of Tradeable Markets: Offers a variety of trading instruments, including Forex, Indices, Shares, Commodities, and CFDs.
- Risk Management Tools: Features tools like the PlayMaker tool, which won an award for risk management.
- Regulated and Trusted: Part of the StoneX Group, regulated in multiple jurisdictions, ensuring a high level of trust and security.
- SMART Signals Subscription: Generates 200 distinct trading signals each week, helping traders make informed decisions.
- Educational Content: Provides educational resources to help traders improve their skills and knowledge.
For more detailed information, visit the City Index website.
City Index Pricing
City Index offers a variety of pricing options for different trading instruments:
- Forex Trading: Spreads start at 0.5 pips for major currency pairs like EUR/USD.
- Indices: Spreads start from 0.3 points for major indices.
- Shares: Commissions are 0.08% for local shares, with US shares starting from 1.5 cents per share.
- Commodities: Spot gold spreads start from 0.5 points, and US crude spreads start from 1.5 points.
- CFDs: Average spread of 0.74 pips on the EUR/USD.
For spread betting, City Index offers both fixed and variable spreads. Fixed spreads do not change according to market conditions, while variable spreads may fluctuate based on factors like liquidity and volatility.
Margin requirements vary depending on the size and risk level of the trade. Larger trades may have higher margin requirements. For professional traders, some markets benefit from order-aware margins, reducing the margin required when a Stop Loss Order is placed.
Financing charges apply for holding positions overnight, excluding futures contracts. The daily financing fee is set at 2.5% +/- the benchmark regional interest rate.
For more detailed information, visit the City Index website.
Payment Method
Cityindex.com offers several payment methods for funding accounts:
- Debit Card: Visa, MasterCard, Maestro, and Electron.
- Credit Card: Visa and MasterCard.
- PayPal.
- Bank Transfer.
No charges for making deposits using these methods. Citibank cards cannot be used for funding accounts held with any spread betting provider. Cash payments and third-party payments are not accepted.
City Index FAQs
City Index Alternatives
Top 10 cityindex.com alternatives:
- Ig - Known for its comprehensive trading tools and educational resources.
- Interactive Brokers - Offers a wide range of investment options and low trading fees.
- Saxo Bank - Provides advanced trading platforms and extensive market access.
- CMC Markets - Features competitive pricing and a user-friendly interface.
- FOREX.com - Specializes in forex trading with robust research tools.
- Charles Schwab - Renowned for its customer service and extensive investment options.
- XTB - Offers a powerful trading platform and excellent customer support.
- eToro - Popular for its social trading features and beginner-friendly interface.
- Plus500 - Known for its easy-to-use platform and wide range of CFDs.
- Trading 212 - Provides commission-free trading and a variety of educational resources.
How To Open A City Index Account?
To open an account on cityindex.com, follow these steps:
- Visit the City Index website and navigate to the account opening section.
- Complete the online application form by providing personal details, financial status, and trading experience.
- Choose the type of account: CFD, spread betting, or both.
- Submit the application and wait for the identity verification process.
- Fund the account through the secure funding portal.
- Start trading once the account is approved and funded.
For more detailed information, visit the City Index website.