City Index review, Updated for 2021

City Index Guide – Read our In-Depth City Index Review

This City Index review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this City Index review does not apply to US users.

This City Index review contains the latest information about City Index.

If you are a new entrant in the realm of trading and broker, so many facts will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You'll get adept at all the concepts of brokerage since you continue trading. For starters, you have to select the right agent who'll be clear with you always.

In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan will create hefty returns. City Index is one such platform which will take you along with your investment to great heights. It is crucial that you understand all about City Index until you trust them with your cash.

Our entire City Index Review covers all you need to learn about trading with City Index. A fantastic agent can multiply your initial investments and give you favorable profits. If you want to earn profits, you should trade with a broker service that aligns with your investing objectives.

There's absolutely no sure-fire way to ensure profits; thus, you must carefully analyze your broker before you select them. It's a frequent misconception that all agents are exactly the same, but that's not true. Wrong judgment, in the beginning, can put your investments at risk.

City Index is a broker that has found its way successfully into the broker world. Within this review, we've tried to collate a number of the vital facets of City Index. This review can allow you to know whether City Index is a good fit for your investments or not. We have attempted to breakdown all of the qualities and fees for your convenience.

Who are City Index?

City Index is a foreign exchange broker headquartered in UK and provides a variety of instruments for online trading. Since its establishment in 1983, City Index has emerged as a top-tier player in the field of online broker. City Index includes a highly aggressive and full-featured trading site that's focused on currency, indices, metals, sharesand commodities.

Over the past 38 years, City Index has grown into one of the leading online brokers.

After establishing in 1983, their customer base is becoming as large as 14,000+ clients.

City Index is the favorite for many traders because of its negative balance protection. Our City Index review discovered that they are an superb alternative for automated trading solutions. It is most appropriate for investors who are searching for an assortment of assets. Social and automated trading solutions are the core at City Index.

Technology plays a substantial role at City Index. City Index offers trading on MT4, Web Trader, Tablet & Mobile apps. City Index is fair, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS). Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also supply in-house research.

If you feel that City Index is not right for you then at the bottom of this City Index review you wil find a lot of alternatives to City Index.

What you should know about trading using City Index

City Index is a dynamic platform that provides various methods of online trading. These instruments cover the monetary markets considerably. Most of the brokerage platforms provide fewer methods than City Index

If you wish to exchange with City Index, you'll require a minimum deposit of $25. This deposit is required if you would like to start trading with City Index. This 2021 City Index review will direct you safely about trading with them.

City Index is as versatile as any other broker platform. City Index is excellent for traders that want a manageable selection of low-cost services. The programs provided by City Index are third-party, white-label offerings. All traders may pick out of MT4, Web Trader, Tablet & Mobile apps.

Together with everything, City Index has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a trade has to be kept available. The agents offer premium client service which rewards customers with benefits.

Many unethical brokers try to pressurise consumers into larger funding for superior services. City Index, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the greater benefits will become available.

City Index accounts are available around the world and provides quality service everywhere they have clients. There are some select few countries where City Index accounts are not available. Traders in the following countries cannot open or use a City Index account:

Is City Index Safe To Trade With?

Established in 2006, City Index has been operating for 38 years, they have a head office in UK.

City Index is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS). These bodies have rules that ensure that trading platforms have steps in place to maintain investor's assets secured. This usually means that City Index users don't need to be worried about their money since it's segregated and safely stored in established banks. SSL encryption secures every user's personal information as well.

You can make use of an option for 2 Factor Authentications (2FA) with City Index for heightened safety. An SMS for the verification code will be sent to your mobile phone. You'll be asked to input this code to log in to your accounts.

Another concern with fiscal brokers with respect to security may be manipulation of trading. This is highly disadvantageous to consumers on those platforms. However, this is much more prevalent in the example of Market Maker agents who compete with customers on the stage.

Pro's & Con's Of Trading With City Index

Every online trading platform will have a few pros and cons City Index review would be complete without having a balanced approach. This City Index review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

City Index Review - Compare Brokers Similar To City Index

City Index Review - Regulation And Licencing In More Detail

City Index is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS).

City Index, as a business, has a strong set of rules for ensuring honest trading on its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).

In accordance with the company's privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.

City Index Review - Awards

At the time of writing this City Index review, they had not received any awards.

City Index Review - Minimum Deposit Required

The minimum deposit you need to get started on City Index is $25. This is an adequate amount for those just beginning. You can create more advanced deposits as you cooperate. However, ensure you know how to make the most of your money before investing larger sums.

City Index Review - Commission And Fees Explained

City Index is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. In other words, an online broker is not necessarily affected by the amount of customers they have.

However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily three types of fees for this purpose.

The first kind of charges to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're charged trading fees. In such cases, you're paying a spread, financing speed, or even a commission. The sorts of trading fees and the prices differ from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are those that are billed when you maintain a leveraged position for longer than a day.

Aside from trading fees, online agents also charge non-trading fees. These are determined by the actions you undertake on your accounts. They're charged for surgeries like depositing money, not investing for long periods, or withdrawals.

Generally, City Index doesn't charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for people who often exchange, for example weekly or daily trading.

However, non-trading fees billed by City Index are comparatively higher. Consequently, you're billed more for non-trading actions in your trading accounts, such as withdrawal and deposits. These are not about the purchase and sale of assets.

This City Index review breaks down each of the applicable non-trading fees for you in detail.

Compare broker fees against City Index

City Index Review - Withdrawal Fees Explained

City Index charges a withdrawal fee if you make a bank transfer. Every time you transfer money into your bank accounts, these withdrawal fees become applicable.

Withdrawal of money is possible at any moment from the City Index account. It's possible to draw up sums to the sum of your account balance, keeping aside the perimeter used. 1 thing to keep in mind is that you don't always have to have any money in your account.

Moreover, the withdrawn money will be transferred directly to the accounts you use to create deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn cash will be sent into the card. City Index will ask you to offer other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In the event you are withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the currency you're opting to draw in.

City Index Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your head while open an account with City Index. An inactivity fee is an amount charged to registered traders who have not participated in purchasing or selling for a while. The period regarded as inactive is decided by the agent.

The inactivity fee also differs from 1 agent to another and isn't standardized. If a dealers account does not have a buying or selling transaction, it's claimed by the broker as an inactivity fee. The traders need to pay this fee under terms and conditions they had consented while enrolling.

City Index charges an inactivity fee if you don't make any trades for a while.

Even if no fees have been implied by City Index, it is best that you close the account if you're inactive. Inactivity fees aren't only charged by broker companies but also many financial services.

For additional trading platforms, the inactivity fee depends on the sort of account you have chosen. The inactivity fee is exposed to many circumstances and should be disclosed clearly by the broker beforehand.

City Index Review - Deposit Fees Explained

When you move money into your trading account by your bank account, a deposit fee can be billed by the broker. Most agents do not charge an excessive amount of money for this particular operation.

City Index charges a deposit fee for transferring money into your trading account.

Depositing cash on the City Index trading platform is simple. You simply need to finish a single-user profile questionnaire to start depositing money into your trading account. You'll have to provide an identity evidence and evidence of residency to deposit large amounts.

City Index Review - Compare Broker Deposit Methods

What Can You trade With City Index?

Note: City Index provides many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered will be different based on the country of residence of the client.

City Index has a wide variety of over 12,500 instruments available for you to trade with.

If trading currency pairs is of interest to you then City Index offer over 100 currency pairs.

Compare City Index, UFX, BCS Forex & Interactive Investor below.

Alternatives To City Index

If, after reading this City Index review, City Index does not meet your needs check out these City Index alternatives.

Frequently Asked Questions about City Index