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City Index Guide – Read our In-Depth City Index Review

This City Index review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this City Index review does not apply to US users.

This City Index review contains the latest information about City Index.

If you are a new entrant in the realm of trading and broker, so many facts will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You'll get adept at all the concepts of brokerage since you continue trading. For starters, you have to select the right agent who'll be clear with you always.

In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan will create hefty returns. City Index is one such platform which will take you along with your investment to great heights. It is crucial that you understand all about City Index until you trust them with your cash.

City Index review

Our entire City Index Review covers all you need to learn about trading with City Index. A fantastic agent can multiply your initial investments and give you favorable profits. If you want to earn profits, you should trade with a broker service that aligns with your investing objectives.

There's absolutely no sure-fire way to ensure profits; thus, you must carefully analyze your broker before you select them. It's a frequent misconception that all agents are exactly the same, but that's not true. Wrong judgment, in the beginning, can put your investments at risk.

City Index is a broker that has found its way successfully into the broker world. Within this review, we've tried to collate a number of the vital facets of City Index. This review can allow you to know whether City Index is a good fit for your investments or not. We have attempted to breakdown all of the qualities and fees for your convenience.

City Index Review, Table Of Contents

Who are City Index?

City Index is a foreign exchange broker headquartered in UK and provides a variety of instruments for online trading. Since its establishment in 1983, City Index has emerged as a top-tier player in the field of online broker. City Index includes a highly aggressive and full-featured trading site that's focused on currency, indices, metals, sharesand commodities.

Over the past 38 years, City Index has grown into one of the leading online brokers.

After establishing in 1983, their customer base is becoming as large as 14,000+ clients.

City Index is the favorite for many traders because of its negative balance protection. Our City Index review discovered that they are an superb alternative for automated trading solutions. It is most appropriate for investors who are searching for an assortment of assets. Social and automated trading solutions are the core at City Index.

Technology plays a substantial role at City Index. City Index offers trading on MT4, Web Trader, Tablet & Mobile apps. City Index is fair, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS). Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also supply in-house research.

The trader resource section at City Index is very enlightening for new traders as it allows them to have a closer look at the financial markets. City Index caters to all sorts of traders and are a must-have broker for almost any well-diversified method of online trading.

Benefits of trading with City Index?

Trading with City Index includes many advantages. These advantages are what sets City Index ahead of the rest of the online agents. You should check all of the advantages listed so you have a better comprehension of City Index.

The agent goes to great lengths to understand what dealers need. As a result, the support price is low, quick, and convenient. The agent also gives a number of platforms for all kinds of traders. City Index helps to ensure that the individual needs of all traders are completely met.

City Index also features excellent trading conditions which are readily available to just an elite group of institutional customers. The tight spreads and fast executions are a great advantage for the traders. The technology adopted by City Index is of the highest caliber, making sure that it is fast, dependable, and effective.

City Index admits the importance of owning a fast order execution. A quick implementation will allow users to trade without worrying about slippage safely. It will also aid the dealers to grab the maximum profitable opportunities.

Automated trading is another major facet of City Index. A new trader can learn from business experts utilizing the automated trading option. The tight spread starts from as low as 0.0 pips, though they are offered for just razor accounts.

City Index has over 12,500 trading tools to support all kinds of traders. These tools are dynamic and convenient for both the new and experienced traders. The traders can set aside all their concerns when trading with City Index.

City Index overview

Year Founded: 1983

Regulated By: Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)

Hedquarters: UK

Minimum Deposit: $25

Number Of Clients: 14,000+

74% of retail investor accounts lose money when trading CFDs with this provider

If you feel that City Index is not right for you then at the bottom of this City Index review you wil find a lot of alternatives to City Index.

What you should know about trading using City Index

City Index is a dynamic platform that provides various methods of online trading. These instruments cover the monetary markets considerably. Most of the brokerage platforms provide fewer methods than City Index

If you wish to exchange with City Index, you'll require a minimum deposit of $25. This deposit is required if you would like to start trading with City Index. This 2021 City Index review will direct you safely about trading with them.

City Index is as versatile as any other broker platform. City Index is excellent for traders that want a manageable selection of low-cost services. The programs provided by City Index are third-party, white-label offerings. All traders may pick out of MT4, Web Trader, Tablet & Mobile apps.

Together with everything, City Index has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a trade has to be kept available. The agents offer premium client service which rewards customers with benefits.

Many unethical brokers try to pressurise consumers into larger funding for superior services. City Index, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the greater benefits will become available.

City Index accounts are available around the world and provides quality service everywhere they have clients. There are some select few countries where City Index accounts are not available. Traders in the following countries cannot open or use a City Index account:

Is City Index Safe To Trade With?

Established in 2006, City Index has been operating for 38 years, they have a head office in UK.

City Index is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS). These bodies have rules that ensure that trading platforms have steps in place to maintain investor's assets secured. This usually means that City Index users don't need to be worried about their money since it's segregated and safely stored in established banks. SSL encryption secures every user's personal information as well.

You can make use of an option for 2 Factor Authentications (2FA) with City Index for heightened safety. An SMS for the verification code will be sent to your mobile phone. You'll be asked to input this code to log in to your accounts.

Another concern with fiscal brokers with respect to security may be manipulation of trading. This is highly disadvantageous to consumers on those platforms. However, this is much more prevalent in the example of Market Maker agents who compete with customers on the stage.

Pro's & Con's Of Trading With City Index

Every online trading platform will have a few pros and cons City Index review would be complete without having a balanced approach. This City Index review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

City Index Pro's

  • City Index is trusted by 14,000+ clients
  • City Index offers Negative Balance Protection
  • City Index offers Guaranteed Stop Loss
  • City Index doesn't charge CFD fees
  • City Index offer trading on MT4, Web Trader, Tablet & Mobile apps
  • City Index offer 12,500 trading instruments
  • City Index trades major forex pairs
  • City Index trades minor forex pairs
  • City Index trades exotic forex pairs
  • City Index offers trading on cryptocurrencies
  • City Index can communicate in English, Spanish, German, Arabic, Polish, and Chinese

City Index Con's

  • City Index charge withdrawal fees
  • City Index charge inactivity fees
  • City Index charge deposit fees

City Index Review - Compare Brokers Similar To City Index

City Index UFX BCS Forex Interactive Investor
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $25 $500 $100 $1
Year Founded 1983 2007 2016 1995
Headquarters UK Republic of Vanuatu Cyprus UK
Regulated By Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA)
Clients 14,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning 74% of retail investor accounts lose money when trading CFDs with this provider Your capital is at risk Your capital is at risk Losses can exceed deposits

City Index Review - Regulation And Licencing In More Detail

City Index is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS).

City Index, as a business, has a strong set of rules for ensuring honest trading on its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).

In accordance with the company's privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.

City Index Review - Awards

    At the time of writing this City Index review, they had not received any awards.

City Index Review - Minimum Deposit Required

The minimum deposit you need to get started on City Index is $25. This is an adequate amount for those just beginning. You can create more advanced deposits as you cooperate. However, ensure you know how to make the most of your money before investing larger sums.

City Index Review - Commission And Fees Explained

City Index is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. In other words, an online broker is not necessarily affected by the amount of customers they have.

However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily three types of fees for this purpose.

The first kind of charges to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're charged trading fees. In such cases, you're paying a spread, financing speed, or even a commission. The sorts of trading fees and the prices differ from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are those that are billed when you maintain a leveraged position for longer than a day.

Aside from trading fees, online agents also charge non-trading fees. These are determined by the actions you undertake on your accounts. They're charged for surgeries like depositing money, not investing for long periods, or withdrawals.

Generally, City Index doesn't charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for people who often exchange, for example weekly or daily trading.

However, non-trading fees billed by City Index are comparatively higher. Consequently, you're billed more for non-trading actions in your trading accounts, such as withdrawal and deposits. These are not about the purchase and sale of assets.

This City Index review breaks down each of the applicable non-trading fees for you in detail.

Compare broker fees against City Index

City Index UFX BCS Forex Interactive Investor
Minimum Deposit $25 $500 $100 $1
Withdrawal Fees variable No variable No
Inactivity Fees Yes Yes We do not charge an inactivity fee as such, but our standard quarterly fee will be collected regardless of activity on the account.
Deposit Fees variable No No
CFD Fees 0.0015 Yes

City Index Review - Withdrawal Fees Explained

City Index charges a withdrawal fee if you make a bank transfer. Every time you transfer money into your bank accounts, these withdrawal fees become applicable.

Withdrawal of money is possible at any moment from the City Index account. It's possible to draw up sums to the sum of your account balance, keeping aside the perimeter used. 1 thing to keep in mind is that you don't always have to have any money in your account.

Moreover, the withdrawn money will be transferred directly to the accounts you use to create deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn cash will be sent into the card. City Index will ask you to offer other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In the event you are withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the currency you're opting to draw in.

City Index Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your head while open an account with City Index. An inactivity fee is an amount charged to registered traders who have not participated in purchasing or selling for a while. The period regarded as inactive is decided by the agent.

The inactivity fee also differs from 1 agent to another and isn't standardized. If a dealers account does not have a buying or selling transaction, it's claimed by the broker as an inactivity fee. The traders need to pay this fee under terms and conditions they had consented while enrolling.

City Index charges an inactivity fee if you don't make any trades for a while.

Even if no fees have been implied by City Index, it is best that you close the account if you're inactive. Inactivity fees aren't only charged by broker companies but also many financial services.

For additional trading platforms, the inactivity fee depends on the sort of account you have chosen. The inactivity fee is exposed to many circumstances and should be disclosed clearly by the broker beforehand.

City Index Review - Deposit Fees Explained

When you move money into your trading account by your bank account, a deposit fee can be billed by the broker. Most agents do not charge an excessive amount of money for this particular operation.

City Index charges a deposit fee for transferring money into your trading account.

Depositing cash on the City Index trading platform is simple. You simply need to finish a single-user profile questionnaire to start depositing money into your trading account. You'll have to provide an identity evidence and evidence of residency to deposit large amounts.

City Index Review - Compare Broker Deposit Methods

City Index UFX BCS Forex Interactive Investor
Minimum Deposit $25 $500 $100 $1
Credit Card Yes
PayPal Yes
Neteller No
Skrill No
Payoneer Yes

What Can You trade With City Index?

Note: City Index provides many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered will be different based on the country of residence of the client.

City Index has a wide variety of over 12,500 instruments available for you to trade with.

If trading currency pairs is of interest to you then City Index offer over 100 currency pairs.

Compare City Index, UFX, BCS Forex & Interactive Investor below.

City Index UFX BCS Forex Interactive Investor
Platforms MT4, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, Desktop, iPhone/iOS Web Trader, ProTrader, Tablet & Mobile apps
Instruments Available 12,500 100 46 100
Forex & Crypto
Forex Pairs Available 100 50 15
Offers Major Forex Pairs? Yes Yes Yes
Offers Minor Forex Pairs? Yes Yes No
Offers Exotic Forex Pairs? Yes Yes No
Offers Cryptocurrencies? Yes Yes No
Commodity CFD's
Commodities Offered 26 0 0 0
Trade Metals? Yes Yes Yes
Trade Energies? Yes Yes Yes
Trade Agricultural? Yes Yes Yes
Indiced & Stock CFDs
Stocks Offered 4500 0 0 0
Trade UK Shares? Yes Yes Yes
Trade US Shares? Yes Yes Yes
Trade German Shares? Yes Yes No
Trade Japanese Shares? Yes Yes No

74% of retail investor accounts lose money when trading CFDs with this provider

Your capital is at risk

Your capital is at risk

Losses can exceed deposits

Alternatives To City Index

If, after reading this City Index review, City Index does not meet your needs check out these City Index alternatives.

We have scoured the web to find the best alternatives to City Index. Click on the hyperlinks below to learn more.

Frequently Asked Questions about City Index

Can I try City Index before I buy?

Yes, you can most certainly try City Index before you buy. City Index provides demo accounts for the convenience of beginner traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.

If you sign up for a demonstration account on City Index, you will set out using a decent amount of virtual money. It is to establish a sense of security and confidence in you until you choose to invest your own money.

With this virtual City Indexdemo account, you can experiment in any way, to whatever length you desire. You can even start positions, examine different trading approaches, and much more.

City Index specifies on its official site that you are able to trade real time stocks in a demo account.

Is City Index safe?

It is possible to drop all of your worries since we believe that City Index is totally safe to use. It's in compliance with the rules of Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS).

Fortunately, City Index does provide assured stop-loss protection.

Why does City Index ask for my passport?

The reason that City Index asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, City Index has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, City Index must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with City Index?

The process to start trading withCity Index is perhaps simple enough to be a cakewalk. You need to begin by signing up on the City Index website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with City Index is $25. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with City Index.

The best way to kickstart your trading career with City Index is to open a demo account facility before risking any real money

What funding methods do City Index accept?

There are a number of methods to fund your account with City Index. The process is effortless and quick, with various payment methods in your fingertips.

You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to keep in mind that PayPal is not available in every country. The monies City Index

Is my money safe with City Index?

Yes, your cash is safe and secure with City Index. As you know, City Index operates with good conformation to. It's established plenty of measures to protect all of its investors.

City Index protects its customers' personal and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.

If you want to further protect your account, it is possible to empower Two-Step Verification also. It requires an SMS affirmation for you to access your account.

Is City Index trading good?

Yes, trading via City Index is a nice and decent experience indeed. It is a great and intuitive platform with useful features for your simplicity. Moreover, you can even gain access to a huge selection of educational resources and assistive substance to kickstart your trading expertise.

If you remain skeptical, you can start a eToro demo account and evaluate the credibility of the platform for yourself.

Which Countries does City Index support?

City Index operates around the world. However, due to regulations there are some countries that City Index do accept clients resident in

Is City Index legit?

City Index is a legit company headquarted in UK since 1983. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS). City Index is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is City Index a good broker?

City Index is a great agent, and its own users can vouch for it. The highlight of this platform is its fast order execution on transactions.

You'll find the clean design of this platform and the admirable features a pleasure to work with.

Is City Index a trustworthy broker?

Yes, City Index is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 14,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for City Index?

The minimum deposit to open a live account with City Index is $25

How long do City Index withdrawals take?

Normally, withdrawal of money from City Index is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from City Index to show in your bank account.

Are City Index regulated?

City Index are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)

Is City Index a market leading broker?

City Index is indisputably one of the business leaders. It has over 14,000+ registered customers and over 38 years of expertise on its own record. They're among the world's top trading platforms and also a prominent figure in the Fintech revolution.

It majorly owes this standing to its incredible platform and broad selection of resources plus tools so you may put money into capital markets.

Is City Index a con?

No, City Index is not a con. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) and must adhere to their rules. Thus, it is safe to say that City Index is not a scam.

Can you make money with City Index?

Through City Index, several traders make a great deal of money. However, on average, through consistent trading, you also can make between 2% - 10% profit a month.

This may seem like a little number, but over the year, this adds to a substantial amount of gains. While City Index supply you all of the tools to earn money, they cannot guarantee that you will profit.

Does City Index have fees?

Yes. To start trading with City Index, you have to deposit $25. Particular commissions while trading additionally applies. Any processing fees from your bank will have to be incurred by you.

When was City Index founded?

City Index was founded in 1983 in UK. City Index is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS).

How many people use City Index?

City Index is a globally recognised broker with 14,000+ customers.

Where is the City Index head office?

City Index has its head office in UK

Does City Index offer negative balance protection?

Yes, City Index has Negative Balance Protection. It's specially offered when the market volatility keeps clients from allowing their account go in the red. In a situation like this, City Index provides the ability to reset a customers account balance to zero.

You are able to go through the critical terms and conditions on City Index's website to comprehend their policies.

Does City Index offer guaranteed stop loss?

Yes, City Index offer a guaranteed Stop Loss order.

If there's absolutely no free margin left with the client, City Index will cease your positions. When the losses in the stopped out location exceeds your account balance, you might experience a negative account balance.

Does City Index allow scalping?

Yes, City Index do allow scalping. Many traders across the world choose City Index due to their services that are trading. They offer trading on MT4, Web Trader, Tablet & Mobile apps which allow this.

Does City Index allow hedging?

Yes, City Index does allow hedging.

Can you trade energies with City Index?

Yes, you can trade energy stocks with City Index

Can you trade agricultural shares with City Index?

Yes, you can trade agricultural stocks with City Index

Can you trade cryptocurrency with City Index?

Yes, you can trade cryptocurrency with City Index

Can you trade metals with City Index?

Yes, you can trade metals with City Index

Can you trade UK Shares with City Index?

Yes, you can trade UK shares with City Index

Can you trade US Shares with City Index?

Yes, you can trade US shares with City Index

Can you trade Japanese Shares with City Index?

Yes, you can trade Japanese shares with City Index

Can you trade German Shares with City Index?

Yes, you can trade German shares with City Index

Does City Index accept bank transfers?

Yes, City Index accepts bank transfers for depositing money.

Does City Index accept credit cards?

Yes, City Index accepts credit cards for depositing money.

Does City Index accept PayPal?

Yes, City Index accepts PayPal for depositing money.

Does City Index accept Skrill?

No, City Index does not accept Skrill.

Does City Index accept Payoneer?

Yes, City Index accepts Payoneer for depositing money.

Does City Index accept Neteller?

No, City Index does not accept Neteller.

Does City Index offer Live Chat customer support?

Yes, City Index offers customer support through live chat.

Does City Index offer phone customer support?

Yes, City Index offers customer support over the telephone.

Does City Index offer email customer support?

Yes, City Index offers customer support through email.

What languages can City Index communicate in?

City Index has the ability to communicate and support customers who speak: English, Spanish, German, Arabic, Polish, and Chinese

Does City Index have a wikipedia page?

No, City Index does not have an official wikipedia page.

Does City Index offer demo accounts?

Yes, City Index offers demo accounts so you can learn their systems before risking any real money.