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City Index UK review
In City Index UK they strive to give their clients an edge to trade CFDs and FX with competitive spreads, innovative platforms and flexible leverage.
The backbone of City Index’s trading platform is their Advantage Trader. The platform is presented in numerous versions for example:
- Advantage Web Trader
- Advantage Trader (Download Version)
- Mobile Traders
- City Index FX Trader
- City Index Pro Trader platform
City Index UK Forex Demo Account
City Index leases new traders open a free online Demo account which provides you £2,500 in virtual cash to do making trades with. The Demo account offers an actual simulation of the real platform, and permits you to open/close trades, display your positions, perform stop-losses and limit orders.
Minimum Deposit
While first Opening a standard trading account with City Index broker doesn’t necessitate any lowest deposit but it essential be confirmed adequate to cover the margin necessities of the deliberate dealers.
Minimum Lot Size
The minimum lot size is 0.05 which let down the requirement to risk extra money. It as well avoids limits with the sum of trades that be released at any assumed time.
Deposit and Withdrawal Methods
It accepts direct bank transfer and credit/debit cards for deposits and withdrawals. Though it was good that they provision these 2 standard payment procedures, I find it a bit incomplete since other brokers are capable to cover more banking approaches which is why I am providing them a Deposit and Withdrawal Approaches score of 3/5.
Withdrawal Time
The utmost communal difficult of FX traders nowadays are delays in withdrawal needs. CI (City Index) privileges that withdrawals are treated in a problem of five days.
Tradable Asset
Thousands of CFD trading and spread betting marketplaces are accessible at CI and this comprises commodities, currencies, shares, indices, interest rates and bonds.
CityIndex Mobile Apps
Obviously, in this day and stage, no trading platform would be comprehensive if you couldn’t place a trade whereas jumping through your mobile device, so I have also gave scores for the accessibility of mobile apps. Please reminder that this score is only for the accessibility of apps, and does not score the apps themselves.
City Index are one of the front-runners when it comes to mobile apps and have thus scored extremely well here. They have mobile trading apps for iPad, iPhone, Android, Windows Mobile and Blackberry.
City Index UK Commission & Spreads
It claim to provide their customers with fixed competitive spreads irrespective of market situations. For major forex pairs like the USD/JPY and EUR/USD, the spread is simply 3 pips.
The CityIndex broker lowest deposit to open an account is 100 dollars and 25 dollars is necessary for successive deposits. There is not any commission on CFDs and spread betting. For Equity CFDs, contingent on the market there is a minimum commission 25 dollars.
It provides the choice of Forex, CFD’s and spread betting in one account. There is a one-point spread on Wall Street and FTSE and a fixed one-pip spread on EUR/USD.
City Index UK Address
City Index UK is trading name of GAIN Capital UK Pte Ltd, The City Index UK head office address is:
Park House, 16 Finsbury Circus, London EC2M 7EB
City Index UK Contact Number
The City Index UK contact number is : Phone: 020 3194 1801
Open Monday to Friday 9am to 7pm UK time
City Index UK Login
To do City Index UK login you just need to sign up with the broker website and get the instructions for free City Index UK login by your email.
Features
CFD trading and Spread betting are City Index’s leading lines of business. Spread betting is a tax-free substitute to conservative trading, allowing traders to profit from increasing as well as dropping market prices. Spread betting is generally leveraged, providing traders a chance to trade up to 10 percent of their original deposit.
The City Index website is user approachable and presents all its substantial in a clear and simply implicit fashion. Though the company has been about for decades, its website is present, making the user-experience generally amusing. Traders don’t have to go far to acquire the info they want and the first page offers access to many information comprising the numerous trading platforms, current market presentations and a list of features provided by the brokerage.
City Index UK spread betting is available on Equities in the UK, US, Asian and European marketplaces. You can also gambled on the main stock indices. Their team at Cityindex.co.uk have a single market named “Sectors” which permit you to bet on a complete range of stocks in specific divisions based on the UK marketplaces. They also provide spread betting on Metals, currencies, Interest rates and Bonds.
City Index UK Broker review
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