About the company

The British firm, which was created in 1983, has over thirty years of experience in the sector. CFD trading, on the other hand, was only introduced in 2001. Then, in 2005, the IFX group was purchased, and the FX broker IFX Markets was bought. Gain Capital Holdings purchased City Index in November 2014. The move aided in the establishment of an internet trading industry with a $ 3.1 trillion trading volume. Unsurprisingly, the company has grown in recent years, with offices in London, Dubai, Sydney, Shanghai, Hong Kong, and Singapore, to mention a few. They provide a diverse range of goods, including:

• 21 market index
• 84 currency pairs
• 12 types of bonds
• 25+ products
• 5 types of metals
• More than 4500 global shares
• Cryptocurrencies

Trading platforms

Advantage Web

It is a web-based platform, as the name suggests. It’s simple to get started, and there’s no need to install anything. Personalized watch lists and one-click trading are useful tools. Advantage traders may also use a heat map to stay on top of the newest market news. Advantage Web has over 80 different technical indicators and uses HTML 5 charts. There are also several risk management solutions available to help you avoid major losses.

Web trader

City Index released Web Trader, a new modern trading platform, at the end of 2018. It supports fast and dependable HTML5 technology, among other things, for best performance and trading convenience. It offers a fully configurable trading environment. Personalization and flexibility are provided over various trading windows as a result of this. Advanced charts, featuring customizable indicators and precision drawing tools, are also available. The portal also provides carefully curated market data, as well as extensive market research to help traders discover trades. This new feature is something City Index is quite proud of, and it’s accessible on both live and sample accounts, so you can test it out without risk.

AT pro

The more advanced City Index platform – AT Pro – may be preferred by more experienced traders. Trading signals can show all probable trade entry and exit points. There’s also the option of doing some backtesting. Not to mention, the AT Pro programming studio allows you to construct your trade templates. If you wish to trade little sums of money every day and need access to financial calendars and sophisticated volume indicators, this platform is a good alternative.

MT4

The industry-standard MT4 platform is the final option. You’ll get an advanced charting package, a large number of technical indicators, and a lot of customization possibilities if you choose this software. APIs are supported, allowing for automated trading. Furthermore, the platform is dependable and simple to use. You’ll get access to news feeds, other traders, and a large amount of historical data. Furthermore, there are numerous online seminars where you can take advantage of the platform.

Mobile applications

You can also download the City Index app after registering and selecting from a variety of products and markets. Apps for iPhone, iPad, Windows, and Android are available. You may use the app to perform technical analysis, respond to market news, check your positions, and enter and exit trades while on the move. You are going to get it. The City Index smartphone service has received a lot of positive feedback from users. Not to add, you can obtain help from within the app via their live chat support. Plus, whether you want to track account earnings or customize charts, navigation is simple. Despite positive evaluations, trading from your phone will prevent you from taking advantage of the full range of capabilities available on desktop platforms.

Deposit

A £100 or AU$100 initial deposit is required to open an account. This is to ensure that you have enough capital to meet your initial trade’s margin obligations and to survive any large moves against your position. Depending on your region, account type, and instrument of interest, the minimum deposit requirements may differ.

Spreads and commissions

For spread betting and CFD trading, you will not be charged a commission. At the same time, CFDs on shares have a minimum commission of $25. The EUR/USD currency can be found in as low as 0.5 pips for those interested in foreign exchange trading. Fixed spreads and prices are generally in line with industry standards. You can also use leverage to trade. In a nutshell, it’s a loan that can assist you in seizing the opportunity.

Trading fees

In terms of additional expenses, City Index is fairly straightforward. If you have not used your account for more than 12 months, you will be charged a £ 12 monthly inactivity fee (or equivalent). You will also pay a tiny commission to fund your Bitcoin exposure if you keep the position overnight. If you’re in the day trading business, though, you should avoid making any payments overnight. Unfortunately, there are now no welcome bonuses or other promotional offers available from City Index. However, keep an eye on their official website because this could change at any time.