CIty Index review

  • Broker Type: Market Maker

  • Leverage: 1:400

  • Regulation: FCA

  • Min. Deposit: 100 GBP

  • HQ: UK

  • Platforms: Advantage Web, AT Pro, Mobile Trading Apps, MT4

  • Found in: 1983

Broker Licenses:

  • GAIN Capital UK Ltd - authorized by FCA (UK) registration no. 113942 
  • Representative Office of GAIN Capital UK Ltd in the UAE - authorized by UAE Central Bank 
  • GAIN Capital Singapore Pte Ltd - authorized by MAS (Singapore)
  • GAIN Capital Australia Pty Ltd - authorized by ASIC (Australia) registration no. ACN 141 774 727, AFSL 345646

Top 3 Regulated Forex Brokers

Company Brief:

City Index is a trusted provider, located in the heart of London with over than 30 years of experience and background of well-trusted parent company – GAIN Capital, which is listed on the New York Stock Exchange.

City Index is a trading name of GAIN Capital UK Ltd authorized and regulated broker by the UK Financial Conduct Authority and additional 8 jurisdictions worldwide as a part of GAIN Capital Holdings Inc, founded in 1999. However, City Index serves offices in Dubai, Singapore and Australia, while surely holds local authorizations by UAE Central Bank, MAS, ASIC accordingly. Financial strength and transparency guaranteed since GAIN Capital Inc is one of the largest retail, institutional world providers with strong records and the highest standards of governance, as well globally presented with 800+ staff across Europe, Asia Pacific and North America.

As a retail client’s money are fully segregated from the broker funds, hence are kept separately and safely. Nevertheless, the rest of necessary protection procedures are carefully followed by the company, all account aspects are managed via secure portals, FSCS controlling clients compensation in case of liquidation.

Traders choose City Index, a current number comes to over 150,000 traders worldwide, for their quality execution, competitive pricing, low margins and tight spreads from 0.5 points of FX and truly supportive relationship management.

The broker enables trade on over 12,000 global markets consisting of Spread Betting, CFD and Forex Trading for 21 global Indices, 4,500+ Shares, 84 FX pairs, Crypto and 25+ Commodities.

During thirty years of the company activity, the firm has won many awards along with international recognitions.

Voted Best Spread Betting Platform 2017 | ADVFN & Best Spread Betting Provider at the Shares Awards 2017.

Voted Best CFD Provider, Best Mobile application, Best Cryptocurrency Trading Platform | Online Personal Wealth Awards 2018

Best MT4 Broker | UK Forex Awards 2017

CIty Index review

Trading Platforms and Tools:

The broker offers a variety of platforms to their traders, from web-based platform – Advantage Web platform, or downloadable AT Pro platform, as well mobile or tablet apps and still the choice to use known MT4. The broker’s platform designed as a powerful technology for whatever level of trading, with customizable 16 types of charts, 80 indicators and actionable trade ideas by research portal highlights. The platform has gained several awards for excellence and chosen by many traders among others.

Voted Best Spread Betting Platform | 2017 ADVFN Awards

*Advantage Web is a highly customizable web-based platform, a perfect choice for those who prefer easy access and fundamental analysis mix in one.

*Mobile Trading Apps designed for the traders who preferred active life, while able to trade anywhere.

*AT Pro – as a desktop platform featuring auto-trading strategies with improved speed and great choice of trading signals.

*MT4 comes with the array of features, allowed range of EAs, custom indicators, versions for all types of devices and of course with great City Index’s service and pricing.

Furthermore, the broker pays great attention to the execution policy. If the price moves in traders favour while an order is being processed, the broker will execute order at the better price by their developed technology. Along with the provided range of flexible orders to pre-program the price.

City Index’s Accounts and Markets:

Account management has been done in a simple, not confusing way. The client can apply either for a financial spread betting or CFD trading account, which is a quick and easy process requiring completing secure online application form within minutes. Great note that there is no minimum deposit to open an account.

Additional feature from the broker is Private Client Service – is a tailor-made exclusive program for active traders who fund and maintain an account balance of £10,000 or more, and it comes with highly competitive pricing, expert trading support and some interesting perks.

Certainly, for each trader or investor it is important to understand the risks involved in trading before account opening, hence the broker strongly encourages new traders to practice and educate themselves by using a demo account, also how to minimize risk using the educational tools available from the broker learning programs. City Index offers two demo accounts joint CFD, spread bet and MT4 accounts. Demo account gives 12 weeks unlimited access with a balance of £10,000, also client will be able to access Advantage Trader or MT4 mobile, tablet and downloadable platforms according to account type.

For the markets and trading conditions, the broker offers quite competitive fixed and variable spreads and margins, starting from 0.5 pips for FX or from 1 point for Indices, which allows go long or short on a company.  Beyond Indices, FX, Shares and Commodities the broker offers a wide choice of markets to trade, including Metals, Bonds, Interest Rates and Options.

The broker offers as well exciting trading opportunity with Cryptocurrencies. As a highly volatile product, particularly without owning any Cryptos trading strategy can be adjusted and the client can start to trade as a spread bet from 10p a point or as CFD Minis. Crypto market at City Index including Bitcoin, Etherum, Bitcoin Cash, Litecoin and Ripple.

Deposits and Withdrawals:

City Index offers the most common payment methods, the set includes Debit card: Visa, MasterCard, Maestro and Electron, Credit card: Visa and MasterCard, Bank transfer. Transactions involving card deposits and transfers do not incur any charges from the company for both deposits and withdrawals, however, if the client wishes to receive same day payment using a CHAPS bank transfer, there will be a £25 charge. There is no minimum deposit requirement for account opening, even so company advising to do deposit from £100. The minimum withdrawal amount is £50, the maximum client can withdraw in a single transaction is £20,000.

Please note, a monthly inactivity fee of £12 (or equivalent to the cash balance if less than £12) will be applied to accounts that are inactive for 12 months or more.

Conclusion:

As a part of the global leading financial company GAIN Holding, City Index is not just the reliable and stable company to cooperate with. City Index provides its clients with all necessary tools for successful trade for both beginners and the experienced ones. 
Wide range of technical optimization tools, alike a highly developed choice of platforms and various instruments for analysis, strategy improvements and functions bringing excellent proposal mixture to suit your particular skill level and expectations.

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