I opened my first City Index account way back in 2008, when they were one of only a handful of spread betting firms catering to high net worth traders in the City of London. Back then when I was a derivatives broker at MF Global, City Index used to hedge their CFD business through us so I could see they always had a fairly sophisticated client base. But over the years, as traders and investors have become more educated and akin to taking more risk, City Index now takes on more and more private clients. TradingPedia.com will not be held liable for the loss of money or any damage caused from relying on the information on this site. Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.

City Index Alternatives Offering Major Forex Pairs

City Index is reliable, has been trading for 40 years and has won multiple awards over that period. You can sign up and get started with BlackBull right away and begin to build the portfolio that works best for you or learn how to work the markets, build a portfolio and save for the future or generate an income. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. The DFSA ensures that financial https://forexbroker-listing.com/ institutions operating in DIFC follow the regulations and guidelines established to maintain transparency, integrity, and stability in the financial market. As a result, DFSA’s regulations and guidelines promote investor confidence and help create a fair and competitive business environment within the UAE’s financial industry. In CFD, a broker makes the trader agree on the condition that he will be paying the difference value, that is, the increased or decreased amount accumulated between the opening and closing of the CFD contract.

Stock Market Indices

The City Index product offering may not, however, suit every trader’s strategy or asset requirements. Traders can maximize profits by finding a cost-effective broker that offers the trading tools and assets that meet their needs. One of the five best City Index alternatives should offer a combination of factors to meet the needs of most traders. They’re equipped with advanced charting tools, real-time market data and customizable features. With a history dating back to 2001, FOREX.com provides traders with access to a broad range of financial assets, including currencies, commodities, indices and cryptocurrencies. The broker offers users an impressive range of currencies with more than 80 available.

Retail Trader Accounts

1. Withdrawals are free and no minimum deposit is needed to open an account.
2. 51% of retail investor accounts lose money when trading CFDs with this provider.
3. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews.
4. EToro is a multi-asset platform which offers both investing in stocks and cryptoassets, aswell as trading CFDs.
5. The customizable economic calendar gives valuable insights into important events that influence market price movements.

Interactive Brokers is a well-established and globally recognized online brokerage catering to individual and institutional traders. Users have access to a wide range of financial instruments, including stocks, options, futures, forex and bonds. You can trade FX on Sunday nights with City Index when the forex markets open around 10 p.m. But you cannot trade indices, stocks or commodities on the weekend. If you want to trade more markets on the weekend you need a broker like IG that offers a wide range of financial markets on Saturday and Sunday. With Trader accounts, you will enjoy quick execution, over 12,000 trading opportunities, 24-hour service, 16 different types of charts, and more than 80 technical indicators.

Deposit and Withdrawal

You will find they have very competitive fees and a great range of Trading Products that you can access on powerful yet user-friendly platforms for all of your desktop, web and mobile devices. Overall, I would say they are an excellent choice of broker for anyone looking to trade in a regulated environment with an established broker. Therefore, City Index is a reputable and regulated platform that offers a diverse and innovative trading experience for spread betting and CFD traders of different levels and preferences, but not everyone’s. City Index is an online trading platform that allows users to spread bet and trade CFDs on over 13,500 markets, including forex, stocks, indices, commodities, and cryptocurrencies. It was founded in 1983 and is a trading name of StoneX, a NASDAQ-listed company with over 40 years of experience in the financial markets.

If you would like to see City Index compared against some of the best city index reviews available right now you can do so by clicking on the links below. Top-tier authorities back the City Index like the UK’s FCA, Australian Securities and Investments Commission (ASIC), and Singapore’s Monetary Authority (MAS). So major clientage of the City Index is top-notch financial authorities. Besides this, the City Index has been listed on the Stock Exchange, i.e., NASDAQ. City Index also protects you with its negative balance protection scheme.

Scalpers may make multiple trades over the course of a day and don’t leave positions open over night. City Index scored well in most review categories, but flaws are still evident, including confusing and conflicting options-fee disclosures, a lack of volume discounts, and no secondary insurance coverage. Please note that Herd Markets may have financial relationships with some of the merchants mentioned here and may be compensated if consumers choose to click the links located throughout the content on this site. For whatever reason City Index you are looking for a City Index alternative we list the best City Index alternatives below. After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we’ve determined that IG and City Index have earned the same Trust Score (99).

They accept traders from across the globe, excluding Singapore, New Zealand, Belarus, Iran, Yemen and some countries from the OFAC list. City Index is considered by many as a stable and secure trading broker with the resources to continue offering innovative and industry leading trading standards. This makes them a more favourable choice of broker compared to other brokers who have only been in business a few years and do not have the financial backing or long-term success that City Index has. City Index makes money through charging commissions (either added to CFD trades or built into the spreads of financial spread bets). Other revenue streams include overnight financing charges, where City Index levies extra interest on top of what it lends you to trade on leverage.

City Index provide deposit and withdrawals via wire transfer, credit/debit card and PayPal. You can manage your account easily through their secure funding portal. I would like to see them include some more online payment processors.

It’s a great way to see how markets have moved against previous numbers. Honestly, City Index should embed this too as it’s available from Trading Central who they have a deal with anyway. As City Index is an OTC broker they charge customers by widening the spread rather than adding commission after you trade. Overnight financing rates are also inline with what you would expect 2.5% over/under SONIA rates. To wrap things up, City Index poses as a great fit for novice traders looking to hone their skills and knowledge.

Quick response, user-friendly layout, access to full charting and a stable and reliable application. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested. IG provides traders 97 currency pairs (e.g., EUR/USD) compared to City Index’s 84 available pairs. If you are interested in trading a full range of securities, IG offers traders access to tradeable symbols, while City Index offers access to tradeable symbols; so IG offers 6037 more tradeable symbols than City Index. The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe.

They have great financial strength with a proven track record of delivering superior trading conditions to traders worldwide. Forex.com is another trading broker under the same umbrella which further emphasises the size of the company. Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues. No, the FCA has banned retail derivatives brokers in the UK from offering welcome bonuses. Yes, based on our data matrix, testing, analysis and the fact they are regulated by the FCA City Index is a good broker.

It also has competitive pricing, negative balance protection with the added benefits of a relationship manager, invitations to premium events and dedicated broker assisted dealing. The City Index technical analysis research portal, powered by Trading Central, will save you time by scanning the markets for chart patterns and trade setups. The fundamental stock analyser shows if a stock is considered overbought or oversold at a glance. I think it important to keep in mind that the trading product and services that you will have access to can depend on your location and entity of the broker that you open an account with. This is because strict regulation means that they are only able to provide certain features in certain jurisdictions. If you are located in one of the above countries, you may wish to consider another trading broker provider such as Forex.com.