This app maintains the robust functionality found on the desktop platform, ensuring seamless synchronization between mobile and web-based activities. The mobile app’s user-friendly interface allows traders to quickly navigate and execute trades, monitor portfolios, and receive real-time alerts, making it a valuable resource for active traders. One of the things I appreciated most about Forex trading with City Index is the educational resources available.
Does City Index offer mobile trading?
Below we have provided an overview of deposits and withdrawals on City Index UK. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. If you don’t know how these platforms compare to third-party platforms, we’ve also compiled a guide to help you understand and select the best options for you. The city index team is available 24/5 to assist with your questions and concerns.
Live chat workers must have a really hard job and I think a little unfair to have to work like that however, this kid was unable to connect with me at all. He said, that is your ‘opinion’ I had to explain, that was not my opinion it was how my account is set up. He also typed things like ‘you are not accepting want I am saying’ ‘it is easy to understand, I could not be any clearer’ He was claiming I did something that was physical impossible. City Index makes money by charging spreads and commissions on trades. The Forex broker offers an ample selection of platforms that make it easy to start trading without having to get used to an unfamiliar platform.
But it is also a broker that provides its clients with all the necessary tools for successful trading for both beginners and experienced traders. City Index offers a wide https://traderoom.info/city-index-forex-broker/ variety of trading platforms, including robust mobile applications on iOS and Android for on-the-go traders. City Index is a well-regulated broker that offers its customers access to over 12,000 markets across forex, indices, shares, commodities and – in limited countries – cryptocurrencies. Their pricing and execution are a combination of ECN and market maker. They source their pricing and liquidity from exchanges, liquidity providers, and ECNs regularly. However, they do not offer variable spreads on all of their markets.
- However, these should be, by no means, the only assessment points to be made basis of one’s decision to either enlist the brokerage’s services or not.
- Corporate actions (such as dividends) are passed on to traders, while overnight financing charges also apply.
- City Index is a derivative brokerage firm that offers customers a platform for spread betting and trading forex and Contracts for Difference (CFDs).
- Proper cross-asset diversification is possible, and every trading strategy has numerous opportunities across the global financial system.
- The Professional account does not have negative balance protection and a 50% margin close-out level.
- Spreads on this account start from 0.5 pips for major pairs and you do not pay any commission fees on your trades except when trading shares from 0.05% to 0.15%.
The City Index demo account comes with 10,000 demo credits and allows access to all features of the platform. 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.
City Index Reviews
After completing this information, traders may have to submit additional information to verify their identity. Traders can refer to the City Index website for the full list of commodities spreads. City Index is a Financial Conduct Authority (FCA) regulated broker with global operations, most notably in the UK, Australia, Singapore, and the United Arab Emirates. Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.
City Index Review: Customer Service
City Index doesn’t have specific criteria to qualify new traders but aims to ensure some competence and understanding due to the risks involved. City Index offers CFD trading on 17 major indices from Asia, Europe, the US, and Australia, including Singapore Index, Wall Street, and Germany 30. Traders from Singapore can trade through a CFD and forex broker such as City Index. Traders should only trade through reputed and credible brokers that are licensed by the MAS. Ltd, registered with MAS as a financial institution and authorized to deal in capital markets products. Spread betting and CFD trading are available on options with City Index.
Commissions and Fees
- For compliance purposes, City Index must transfer your funds back to the original source you used to fund your account.
- The platform offers webinars, articles, and tutorials that cater to traders of all levels.
- Trading Central powers the core research suite, Reuters streams live news, and an outstanding charting package supports manual traders.
- Each financial instrument also has specific City Index margin requirements that traders must maintain.
- 1) Standard Account – The Standard account is the most basic type of account offered by City Index.
We are glad to hear that you had such a positive experience with one of our onboarding specialists. We take our reputation as a trustworthy and reliable broker seriously, one which puts clients first. We appreciate your review, and we are happy to hear that you are enjoying our trading platform. We hope you continue to enjoy using our trading platforms and services. City Index also places a strong emphasis on customer security and transparent operations. This commitment is reflected in their practices and procedures, which aim to protect client data and ensure fair trading conditions.
City Index is a well-known broker that offers a range of financial products, including Forex, CFDs, and spread betting. Traders are treated to a well-regulated trading environment, a competitive pricing structure, and an excellent trading platform. Trading Central powers the core research suite, Reuters streams live news, and an outstanding charting package supports manual traders. New traders have access to an in-depth educational program, while the invite-only Premium Trader account features exclusive perks for high-volume traders.
Their commitment to innovate and lead prompted them to launch the first downloadable spread betting app for the iPhone. Overall this is a very complex brokerage, with intricate features and a steep learning curve, so don’t expect to just jump in and start trading if you are a novice. I believe City Index is better suited for advanced traders who are familiar with Forex, CFD, and Spread Betting. If you are just switching from Binary Options, be prepared to put in some work or choose a simpler brokerage. To open an account, City Index doesn’t have any special requirements, meaning that the trader can deposit as low or as high as he wishes.
The Professional account does not have negative balance protection and a 50% margin close-out level. Other benefits of the City Index Professional Account include a unique fee structure, interest-free credit facilities, and market execution support. The role must have the required knowledge of leveraged trading products. First, you must have placed a minimum of 40 significantly sized trades within the last year. Currently, there are over 1 million active clients on the City Index platform.
City Index offers a standard trading account, a professional account (invitation only), and two types of demo accounts. As a trader choosing a forex broker, you might have questions and inquiries. This is why we have reviewed City Index’s customer support in Singapore. City Index provides a very wide range of trading instruments to traders from Singapore.