City Index Review
Account Minimum : $0
Fees: EUR/USD 0.69 pips
Best for: New and intermediate traders who want access to educational resources and research
- Trading Experience
- Trading Technology
- Mobile and Emerging Tech
- Range of Offerings
- News and Research
- Help and Customer Service
- Country: UK
- Regulation: FCA
- Type: Market Maker
- Markets: CFDs, Spread Betting
- Minimum deposit: GBP 100
- Deposit methods: card, transfer
- Platforms: own and MT4
- Spreads: 1 pip EURUSD; 0.4 SP500; 1 DAX; 0.4 gold.
- Commissions: from 0.15% or 15 GBP
- Scalping: yes
One is one of the world’s leading and oldest CFD and Spread Betting brokers. This English broker founded in 1983 has expanded worldwide, with offices in Poland, Singapore, China, Dubai, Australia, Germany, as well as the United Kingdom.
City Index belongs to Gain Capital, one of the world’s leading trading groups, based in the United States.
This group is the owner of forex.com and the prestigious institutional forex broker GTX.
City Index offers CFDs trading on stocks, currencies, indices, commodities, metals, bonds, etc.
The range of instruments is one of the largest on the market. It also offers Spread Betting for UK customers. A way of trading similar to CFDs but for which British traders do not pay taxes if they make profits up to a certain amount.
Minimum deposit City Index
The minimum deposit to trade on City Index UK is £ 100. Deposit methods are by card and by transfer.
Click here and open an account from 5 USD with one of the best brokers on the market
City Index offers several proprietary platforms: the Advantage Trader and its Web version.
The well-known MetaTrader 4 and also the possibility of using these platforms on mobile media, such as iPhone or Android.
City Index commissions and markets
City Index CFDs
|DAX||From 1||200: 1||No|
|Actions||4 points on the market||From 20: 1||GBP 15 / USD 25 or 0.15%|
|EURUSD||one||200: 1/400: 1 MT4||No|
|Gold||From 0.4||200: 1||No|
In July 2018, a new maximum leverage will be applied for traders residing in Europe by ESMA regulations. The same, which will apply to Forex products and CFDs we have in the following table:
|Main Forex pairs||30: 1 or 3.33% margin|
|Main indices, gold and minor Forex pairs||20: 1 or 5% margin|
|Lower indices, commodities and exotic Forex pairs||10: 1 or 10% margin|
|Actions||5: 1 or 20% margin|
|Cryptocurrencies||2: 1 or 50% margin|
The minimum Forex trade is 0.01 lots.
City Index Reviews
This is undoubtedly one of the best and most prestigious CFD brokers.
Despite being a Market Maker this does not mean anything bad. There are good Market Makers and bad Market Makers, just like there are good ECNs and bad ECNs. As well as ECNs that claim to be ECNs but in reality are not.
Few retail CFD brokers offer more than 12,000 markets, such as the City Index.
As for the instruments, we have to say that their commissions in CFDs of shares are higher than those of the competition. However, their conditions in Forex and the other instruments are quite good.
One downside is that this broker does not have a website in Spanish, with the Spanish-American market the one with the least service. We do not know if this is because some of its subsidiaries, such as IFX or Finspreads may cover the same or not.
For more information, visit the website .