City Index – British Trading Platform

Min. deposit
100$
Min. trade price
1$
Website address
https://www.cityindex.co.uk/
Profitability
80%*
Demo account
No
Currency
EUR GBP USD
Supported languages
Eng
Active
Yes
* The amount that will be credited to the account in the case of a successful deal

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 3.7,
according to 199 reviews

4.5 Stars
Andy Miles
Andy Miles
stars
gb
Quality platform and support!

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P Shah
P Shah
stars
gb
I have been trading quiet a while with City Index and am quiet happy with the reliability of trading platforms. Recently I contacted my accounts manager for some statistics regarding my trading performance going back to January 2020. My accounts manager promptly supplied me this information which otherwise would have taken me hours to extract from monthly statements.

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Robert Carroll
Robert Carroll
stars
gb
Good web platform. Would like more option markets available to trade.

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Stefano Cavazza
Stefano Cavazza
stars
id
all good. Interests charged could be a little lower.

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Customer:  Michael Ezra
Customer: Michael Ezra
stars
gb
I have had a relationship with this company for over three decades I've always found them to be be superbly professional and very considerate with an excellent and comprehensive trading platform. Ancillary functionality such as market related information, economic data, performance analysis, price charts, generating trading ideas, and regular email updates are extremely impressive and getting more so as time goes by. Cityindex are constantly innovating and It's always been a great pleasure to deal with them.

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Krasimir Koev
Krasimir Koev
stars
bg
Excellent Platform, support and chart

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John Chittock
John Chittock
stars
gb
Doing it pretty well right

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Anil Popar
Anil Popar
stars
gb
I’ve never experienced any problems. Highly recommend City Index to all

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Jesus Salomon Mafud Velez
Jesus Salomon Mafud Velez
stars
mx
I have had a good experience moving from AT Pro to Web Trader platform. In the beginning, I spent some time to get used to the new platform, but now it is quite friendly to work with.

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MICHAEL
MICHAEL
stars
gb
City Index provides a stable and user-friendly platform for spread-betting.

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Ian M
Ian M
stars
us
They are really good they leave me to do my own thing and give some City News but that could be much more thorough or useful. Can be very difficult to make phone contact sometimes.

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Huson Ali
Huson Ali
stars
gb
Excellent service

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Alfonso Abbagnale
Alfonso Abbagnale
stars
gb
I have been trading whit city index for many years the service is great the platform is good thank you

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Gordon Scott
Gordon Scott
stars
gb
When l got mixed up when opening the account i phoned city index and they soon put me right.they were very helpful and patient with me.

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David Scott
David Scott
stars
gb
Have been with City Index for several years and am very pleased. Up until recently I have traded only from my laptop. Have just started using the City Index app and it works perfectly which is good news because now I can go out and get some fresh air. Chris Gordon looks after my account and he is always very affable and helpful. Five stars given without hesitation.

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Gheorghe Popescu
Gheorghe Popescu
stars
ro
Good technical and fundamental analysis of markets, necessary to identify possible future trends.Mobile Trading App. easy to use, intuitiv trading platform.

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Peter Van Der Mescht
Peter Van Der Mescht
stars
za
City Index never has down time on their live platform, and they do inform clients when maintenance will be performed. Their spread cost is very reasonable and the order execution immediate. Orders are always filled with almost no slippage. The AT Pro platform is very user friendly, allows the client to customize indicators, it facilitates multiple charts well and you are able to save, import or export workspace layouts. The City Index 'help chat' is very responsive, efficient and always available, as are the email support team.

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Ramesh Goyal
Ramesh Goyal
stars
gb
excellent and a very high standard customer service

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Daniel Tofan
Daniel Tofan
stars
fr
The new "politic" of 3-5 % ensures a longer life for little participants. When Mini-Dow Jones?

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Trevor Rowland
Trevor Rowland
stars
gb
The desktop site is very user friendly. On my iPhone it’s a bit clunky. On the desktop I would like a daily profit or loss which I don’t currently have on the top ribbon. That would be very good if you could do that. 👍

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Review of famous financial brokers: City Index

Brokers operate on the global financial market, the history of which, for the most part, begins in the 2000s, more rarely in the 1990s. How many companies can boast that already in the 80s. 20 century, they provided financial services to investors, managers, consultants or individuals? Units And this group of “long-livers” includes the City Index broker, which is quite famous among professional traders and investors. Established in 1983, the company successfully worked in the market of financial betting services, being one of the first exchanges in the UK, which made it possible to make money by changing the rates of financial instruments.

 

City Index UK forex broker

 

Almost until 2014, the broker was a legally independent firm, but nowadays it has been absorbed by stronger competitors. Today, this brand is owned by GAIN Capital UK Ltd (a division of the famous British holding GAIN Capital Holdings, Inc.).

How City Index cares about its customers

The administration of the presented company states that their trading platform is one of the world leaders in online trading, as well as the largest supplier of CFD contracts. As far as this statement is true, only specialists who are professionally involved in such issues can say. The task is greatly complicated by the fact that the global financial market is constantly evolving. New participants are coming, suddenly powerful institutions or wealthy investors are suddenly declaring bankruptcy to significantly “raise” the rating of mediocre companies, etc. But if you even conduct a superficial City Index survey, you can be sure that the broker is among the strongest companies.

User security

The application and well-known platforms prepared for the City Index ensure fast data processing and reliably protect clients’ operations from the impact of external negative factors. Mandatory verification of personal data is a serious, and often insurmountable, barrier for fraudsters, lovers of “laundering” income of dubious origin, and other dangerous customers. Due to this, the resource does not attract the attention of Interpol and representatives of other law enforcement agencies, and traders can work without fear that the website can be blocked at any time by police officers.

On the website of the company you will find: a phone number, an e-mail address and an online chat to communicate with representatives of the broker. Qualified specialists will help you in the shortest possible time to solve technical and financial problems that have arisen in the process of working on the trading platform.

Regulator

But the most convincing evidence of the reliability and security of a broker is the presence of a reputable financial regulator. In this case, the functions of the controlling organization are performed by the FCA (Financial Regulation and Supervision Authority). It is worth paying attention to the fact that the authoritative British regulator has been cooperating with GAIN Capital UK Ltd for more than 15 years. During this time, the broker has provided FCA employees with a huge number of reports proving that the company has the right to work in the global financial market. For many experienced traders, this information is quite enough to register a login to the City Index, as well as recommend a broker to your friends and acquaintances.

Training

Apart from a rather extensive introductory section on the broker’s official website, which describes the main nuances of Forex trading, it can be said that there are no full-fledged training courses on this trading platform. Another serious drawback of the site (for many of our compatriots) is the lack of a Russian-language version of the web resource. Although many experienced traders who have never studied English, are well versed and know how to make a deal without the help of an interpreter.

The availability of a demo account on the City Index largely compensates for the lack of full-fledged training courses. This feature is available to all users, and virtual 10 thousand British pounds make it possible to develop your own strategy for the game on the trading floor.

Characteristics and key indicators City Index

Despite the vast experience of work, the broker in question, in some positions, is much inferior to even less reputable companies. For example, as mentioned above, on training, which is practically absent in the City Index. Also, the site does not have an account management service and binary options trading. There is no bonus program and no contests are held, and automated trading is limited to advisors who are in the set of terminals.

Trading Terms

Studying the reviews compiled about the City Index, one can notice that some users are dissatisfied with the conditions offered by the broker. In this case, the solid “age” of the company causes various misunderstandings. Throughout its existence, the broker changed some parameters, which is quite natural for any participant in the global financial market. As a result, today, companies attribute the minimum deposit to 100 British pounds and 250, as well as the complete absence of restrictions on this indicator (the last option is relevant).

● The minimum lot is 0.01.

● Trading leverage – up to 1: 400.

● Base currencies of accounts – British pound, euro and US dollar.

● Islamic account – no.

● Affiliate program – there is.

● Estimated level of income – up to 80%.

How to withdraw money or deposit money

Looking through brokers’ ratings, it’s hard not to notice that reviews written about the City Index (even if the author is positive towards the company) emphasize ways to deposit / withdraw funds. Indeed, in our time, two options for solving this problem (bank transfer and plastic card) are very few. The administration of a web resource needs to urgently solve something and look for ways to solve this problem.

 Trading assets

Users of the trading platform are given the opportunity to enter into transactions using the following tools:

● Currency pairs.

● Promotions.

● Cryptocurrencies.

● Indices.

● Commodities.

● Precious metals.

Despite solid experience, reputation, and other positive factors, the City Index broker needs, as quickly as possible, to eliminate some of the negative aspects that may alienate potential users. First of all, it concerns training, ways to replenish the deposit, as well as a very slow verification procedure. If you eliminate these defects, the company will indeed be entitled to the status of one of the strongest in the world.