City Index Review 2025 Fees, Pros & Cons by Experts

Trading Central also features Market Buzz, a sentiment engine that scans thousands of news and analysis articles to give traders a clear market pulse on a particular asset. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Standard Account – Provides access to thousands of global markets via desktop platforms and mobile apps.

When opening an account, traders can choose whether they want a CFD account, a spread betting account, or a single account with both products. City Index offers a standard trading account, a professional account (invitation only), and two types of demo accounts. The broker offers both fixed and variable spreads depending on the specific market being traded. City Index offers forex CFD markets on over 65 global FX pairs including majors, minors, and some exotics.

• They give critical information at a look about what a market’s pricing has been historically and where it is currently.
• Margin is the initial deposit required to start and maintain a position, and it changes with the market, asset type, and position size.
• This means that the broker support team is available and can be contacted in different languages depending on both your needs and where they operate geographically.
• Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
• Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets.

This broker is ideal for new traders, thanks to its excellent educational resources, though all traders, especially experienced ones, will benefit from its award-winning track record. City Index’s educational materials are sure to help traders of all skill levels to hone their abilities too, something which the demo account also assists with. Our review team was impressed with the range of educational materials provided by City Index, including the Trading Academy. Here you can find dedicated training sections for risk management, trading strategies, fundamental analysis, and technical analysis. There are also sections describing each asset class, including CFD and forex trading.

Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Social Trading is not supported, but account-holders can engage in Copy trading via the MT4 platform. Market events can be tracked using the broker’s news monitor, economic calendar, and the Week Ahead reports. There are also opportunities to gain valuable insights into market sentiment by tuning in to webinars which take place on Monday and Friday where experienced traders share their view on market trends. It supports one-swipe trading so that you can trade at speed, has 60+ technical indicators built in, and allows price charts to be viewed in landscape or portrait mode. TradingView allows you to customise trading indicators to suit your particular strategy. It also offers advanced stock screeners, a neat live city index review news panel, and can be set up to send you price alerts.

After completing this information, traders may have to submit additional information to verify their identity. Speculating on interest rates at City Index is based on fixed spreads. Traders can refer to the City Index website for the full list of commodities spreads. Based on which country you live in, City Index may refer you to their sister platform, Forex.com to open a forex account. With Chasing Returns’ in-depth Performance Analytics tool, you can track your personal trading performance and find your most productive trading behaviours.

While City Index has several accounts on offer, they are limited compared to some other brokers. They offer a Demo Account for beginner traders who want to test their skills without the risk of losing money. This is for a limited time, but the Standard Account is the next natural step. This account has tight spreads of 0.3 pips on the most popular markets. There are no hidden fees or charges, and it allows trading in over 6000 global markets. The good news is that opening an account requires no minimum deposit, simply asking for whatever is affordable.

Forex Risk Disclaimer

There are, for example, 12 interest rates markets to trade and in digging down into the detail of the forex sections shows there are 23 Scandie-Crosses. These are just examples of the thousands of markets on offer across all asset groups including bonds, equities, crypto, indices, forex, commodities, metals and options. The minimum opening balance for a live account is £100 and traders can choose to open an account which supports both CFD account and spread betting which means they can toggle between both formats.

This, together with the many awards they have collected over the years, has really helped them build a trusted brand. City Index is a hugely experienced broker and part of the StoneX group. They were founded in 1983 in the UK making them one of the longest-serving brokers in the industry. These regulating bodies are the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS). City Index is also regulated to trade in the United Arab Emirates under their FCA license. City Index trades under StoneX Financial Ltd in the UK, a subsidiary of StoneX Group Inc.

What Broker is Superior For Australian Forex Traders?

There are 16 technical chart types and over 80 indicators backed by a database of chart patterns and the ability to identify trading signals. City Index provides educational resources that help beginner traders learn the basics of trading, as well as advanced strategies. The platform offers webinars, articles, and video tutorials designed to cater to traders of all experience levels.

Based on our studies, FOREX.com offers a lower minimum deposit, making it more accessible for new traders who are cautious about committing large sums of money upfront. While neither City Index and FOREX.com offers cTrader, FOREX.com, on the other hand, offers TradingView, these feature provide proprietary platforms with advanced charting and analysis tools. Other reputable Australian forex brokers which offer these types of strategies include IC Markets and Pepperstone, which both benefit from some of the lowest spreads in the forex industry. When it comes to leverage, City Index’s offering is fairly muted compared to other leading forex brokers.

MT4 account

City Index trading fees are both fixed and variable spreads depending on the market. FCA provides segregated client funds and the Financial Services Compensation Scheme (FSCS) compensates up to £85,000 event of liquidation of investor accounts lose money. Leverage allows traders to manage large positions with minimal money, increasing the possibility for profit or loss.

CFD Product Range And Financial Markets – City Index

• The platform includes specific margin requirements for each market and a margin calculator for traders.
• The Trading Central research covers topics ranging from general market trends down to individual stock picks.
• For the best pricing, use City Index’s proprietary platforms or MetaTrader.
• Not only does it have a range of trading platforms but also a large number of tradable instruments.
• City Index does not generally require any minimum deposit though this may change based on your location.

While it may not be the best fit for those seeking social trading or crypto exposure, it remains a reliable choice for traders who value regulation, research, and platform flexibility. For forex trading on MT4, traders can place trades as small as 0.01 lots (micro lots). Indices, commodities, and stock CFDs have different minimum position sizes based on the instrument being traded. For precise details, traders should check the specifications for each asset on the City Index platform. It has received positive reviews from many traders who appreciate its transparency, ease of use, and customer support.

On platforms like Trustpilot and Google Play, the broker maintains good ratings, indicating that it meets the expectations of its users. City Index provides excellent customer support, ensuring that beginner traders have assistance whenever they need it. The support team is available through multiple channels, including live chat, email, and phone, offering convenience for users across the globe.

Desktop Experience

Other miscellaneous charges are fully disclosed on an easy-to-read pricing page. It’s FCA regulated and offers a more comprehensive trading experience. Based on our scores and the variety of resources available, FOREX.com offers a more comprehensive educational package, making it the go-to choice for traders keen on learning and improving their skills. We can simply speculate that City Index and FOREX.com both have their merits when it comes to trading experience. City Index offers a more intuitive interface, making it easier for traders to navigate. The platform is designed with user experience in mind, which is a big plus for those who are new to trading.

Traders can contact City Index customer service by phone, email, or live chat. Based on what assets or products on-the-go traders want to keep up with, the mobile menu allows alerts to be managed and customized. City Index’s application presents products and asset classes in a non-pretentious format. Products can be navigated by scrolling through the screen, and trades can be executed in just a few taps. Both Android and Apple device users are catered for with separate Android and iOS applications.