City Index

City Index Review

1 Star2 Stars3 Stars4 Stars5 Stars (18 votes, average: 3.94 out of 5)
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User Rating:
1 Star2 Stars3 Stars4 Stars5 Stars (18 votes, average: 3.94 out of 5)
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Updated on: March 28, 2016
Deposit Options:
Regulation:
FCA
Min. DepositMax. LeverageSpreads FromForex PairsPlatformsMobile TradingBroker Highlights
£100 400:1 0.01

84 Currency Pairs

MT4

Downloadable platform

Web-based platform

Mobile app

Android

iOS

Windows

  • Award-winning platform
  • Funds are held in segregated accounts
  • Low spreads

Spread Betting & CFDs carry risk. 76% of traders lose with this provider.

City Index Broker Review

There are many Forex brokers offering services to UK residents and it can be difficult to decide which forex strategies to pursue but City Index is a leading forex trading company that regularly receives excellent forex reviews. The City Index forex platform offers traders the opportunity to trade in up to thirty seven forex pairs and the provision of ratios of up to 400:1 means that entry level is relatively low.

Trading Market

The City Index forex platform offers traders the opportunity to trade in up to thirty seven forex pairs and the provision of ratios of up to 400:1 means that entry level is relatively low. City Index provides traders with the tools for traders to profit by speculating on currencies when market conditions are favourable. Traders are provided with accurate data and access to news stories that may impact on world affairs. It is also possible to undertake spread betting and to use City Index to trade in contracts for difference and speculate on the changing prices in thousands of global markets.

Trading Platforms

There are numerous brokers operating in the UK market but to regularly be ranked as one of the top ten Forex brokers in the industry, it is necessary to invest in trading platforms that can work effectively with mobile and tablet devices. In addition to these innovative mobile trading apps City Index provides a professional trading platform which offers over one hundred strategies. This is aimed at individuals for whom trading is more than just a hobby and the provision of a City Index App for android tablets means that experienced traders who rely on accurate information can successfully trade with City Index.

Special Offers

There’s no special offer at the moment.

Site Strengths

City Index has nearly thirty years of experience in the forex industry and has applied this knowledge and market profile to provide traders with an effective trading platform and low operating costs which are essential for successful trading. An advantage of trading with an experienced broker is that support is on hand for traders and whilst there are brokers operating on an even lower price margin it would be difficult to beat the level of support offered by City Index.

The level of service offered to customers by City Index defines the strength of the brand. Whilst trading costs are kept to a minimum the amount and quality of information available to clients is first class and helps position City Index as a leading forex broker which is the first point of contact for many traders.

I was really impressed with the clarity of information provided as this makes the process of conducting a trade so much simpler. The platform has been designed with traders in mind and caters for novice traders but the existence of the additional professional platform also satisfies the needs of more experienced traders. The two areas are kept separate so there is never an excess of information on screen.

Site Weaknesses

Although I was impressed with the overall product I was less keen on the Trading Academy aspect of the website which was based on a trading competition similar to some of the business reality television shows of recent years. Although interesting I found it to be a distraction from my own trading and it was easy to focus on the competitive element of the show rather than any serious trading lessons to come from it.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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