CityIndex Review 2023 – Pros and Cons

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CityIndex is a financial trading company that was founded in the UK in 1983. It offers a wide range of trading instruments, including CFDs (Contracts for Difference), forex, shares, indices, commodities, and cryptocurrencies. The company is regulated by the Financial Conduct Authority (FCA) in the UK and has offices in Australia, Singapore, China, and Poland.

In 2015, City Index was acquired by GAIN Capital Holdings Inc., a US-based provider of online trading services. Since the acquisition, City Index has continued to expand its product offering and improve its trading platforms.

City Index offers its clients several different trading platforms, including its proprietary platform, Advantage Web, as well as the popular MetaTrader 4 (MT4) platform. The company also offers a mobile trading app, which allows traders to access their accounts and trade on the go.

Overall, City Index is a well-established and reputable financial trading company that offers a wide range of products and services to its clients. Its regulatory status, trading platforms, and product offering make it a popular choice for traders around the world.

CityIndex

Brokers Name

CityIndex

Regulation

FCA, ASIC, MAS, SFC, FSA, DFSA, IIROC, CNMV, BaFin

Established

1983

Headquarters

United Kingdom

Trading Desk

ECN

USA Clients

no

24H Support

Yes

Weekend Support

no

Website Language

English

Account Details

Accounts

Standard, MT4 account, Professional, Corporate, Demo account

Min. Deposit

$100

Base Currencies

EUR, USD, GBP

Leverage

1:500

Spreads

0.6 pips

Fixed Spread

Yes

Margin Call / Stop Out

5% / 0%

Trading Platform

Mobile app, Web Trader, TradingView, MT4

Trading Instruments

Indices, Shares, Forex, Gold and silver, Commodities

Pros

  • Award-winning platforms and apps
  • Exclusive trading tools like SMART Signals
  • Performance Analytics
  • Fast, secure deposits and withdrawals
  • Over 110 000 Traders
  • Large Pool of Assets to Choose From
  • Very Competitive Low Spreads and Fees
  • Great Proprietary Trading Platforms

Cons

  • No volume discounts
  • No social trading data
  • Margin discounts restricted to professional accounts
  • No USA Investors Permitted
  • High Inactivity Fees

Trading Features

Commission

Yes

Mini Accounts

no

Standard Accounts

Yes

VIP Accounts

no

Pro Accounts

Yes

Islamic Accounts

Yes

Segregated

no

Managed Accounts

no

Demo Accounts

Yes

Trading Services

Hedging

Yes

News Trading

Yes

Scalping

Yes

Automated Trading

Yes

Trading Signals

no

Educational Service

Yes

Copy Trading

no

Mobile Trading

Yes

Trading Markets

Indices

Yes

Forex

Yes

CFDs

Yes

Commodities

Yes

ETFs

Yes

Stocks

Yes

Bonds

Yes

Crypto

Yes

Funding

Deposit

Debit or credit cards, Bank transfer, PayPal, Skrill, Neteller, BPay, POLi

Withdrawal

Debit or credit cards, Bank transfer, PayPal, Skrill, Neteller, BPay, POLi

Contacts

Phone

0800 060 8609

Email

support@cityindex.co.uk

Address

City Index Park House, 16 Finsbury Circus London, EC2M 7EB United Kingdom

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