I would like to see them include some more online payment processors. Whilst PayPal is the most popular, there other alternatives nowadays such as Skrill and Neteller. Additionally, it would be great if they were to introduce crypto payments but I understand this may not be possible due to regulatory restrictions. You simply choose the account type that you require and complete a short online form. Once that is done, you need to verify your email and upload proof of identification and address.

In Singapore, the broker is regulated by the Monetary Authority of Singapore (MAS) and accepts clients across most of Asia. Should your required margin fall below 50% a margin, closeout will be activated. At this point, the broker will automatically exit some trading position till the threshold is no longer crossed. Use the calculator below to compare City Index’s trading costs with competitors such as Pepperstone, Eightcap and CMC Markets, adjusting for trade size, currency pair, and base currency. City Index are also a primary sponsor of Saracens Rugby Club in the UK, the 5-time Premiership Champions and 3-time European champions. Additionally, the broker is a sponsor of the Sydney Roosters in Australia, a team that has won 15 Rugby League titles.

It’s important to note that this broker doesn’t allow the trading of CFDs for citizens in the US, Canada, Belgium, Brazil, Japan, and Hong Kong. Besides being a well-established broker, City Index has a positive reputation worldwide. Its head office is in the UK, however it also has offices in other countries, including Singapore.

US traders welcome at these brokers:

They also reserve the right to close your account if your funds cannot cover the inactivity fee. Spread betting is possible with City Index and they do have a dedicated spread betting account type which is available to UK and Ireland traders only. This ultimately makes it a very accessible account type and with excellent value spreads that stay tight and start from 0.5 pips on forex or 1 pip on major indices. The average spread on the EUR/USD with this account type is 0.8 pips and no commissions are charged with the exception of shares.

Is Andelex Safe or a Scam Broker?

The online platform has smart trade tickets that include trade risk management. Stops and limit orders can be placed in points, profit/loss or price. The real-time margin calculator can help to keep your trading decisions under control. The platform is easy enough to use for new traders whilst having enough advanced functionality for the more experienced investor. City Index’s trading tools include high-tech trading platforms like WebTrader and MetaTrader 4 (used by millions of traders around the world). Traders can also access Performance Analytics, SMART Signals, Trading Central, Advanced Charts, and alerts to help them.

The spread on gold starts from 0.3 pips, silver from 2 pips, US Crude Oil from 0.4 pips, and UK Crude Oil from 5 city index review pips. This starts after 36 months of inactivity, or 12 months inactive as a professional trader. For UK and most European equities, the charge is 0.08% while for the US this is 1.8CPS, and 0.2% for Asian shares.

The point to note is that funds can only be returned to the original source they were deposited from. The only fee to consider may be a small conversion fee if you are depositing a non-base currency. EWallets are also broadly supported by the broker with PayPal catered for though not in Singapore. In Australia, you can use  EFT, BPAY, PayID, and PayPal while in Singapore you can use PayNow. This can apply to countries like Canada, Japan, or the USA where you are obliged to register an account with Forex.com as your only choice. Of this haul, they have been selected as the best Spread Betting or CFD provider 5 times and won the Best Platform or App award 6 times.

With such a great selection available you can likely avoid any conversion fees that would apply if you were to deposit in a non-base currency. Furthermore, as a trader under the FCA rules, you are protected by the FSCS compensation scheme. This can provide up to £85,000 in compensation, in the very unlikely event of company liquidation from the broker. City Index is a hugely experienced broker and part of the StoneX group. They were founded in 1983 in the UK making them one of the longest-serving brokers in the industry.

• All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
• Whilst you won’t own the stock outright you will make a profit or loss according to how the underlying asset performs.
• It has excellent customer service and provides a range of tradable instruments and platforms.
• City Index has excellent customer support, available 24/5 via telephone, email, and live chat.
• Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.
• That’s not to say that experienced traders can’t benefit from this broker, as the tools, high-tech platforms, and other features have a lot to offer professional-level clients.

City Index Review Of 2025

City Index gain points for providing clients with the chance to provide input for future system upgrades. The markets are always changing, and platforms need also to make adjustments and making this process trader-led is a real positive for the site. There are, for example, 12 interest rates markets to trade and in digging down into the detail of the forex sections shows there are 23 Scandie-Crosses. These are just examples of the thousands of markets on offer across all asset groups including bonds, equities, crypto, indices, forex, commodities, metals and options. The minimum opening balance for a live account is £100 and traders can choose to open an account which supports both CFD account and spread betting which means they can toggle between both formats. They offer the reassurance of having been operating in the sector for decades and an appetite to adhere to all the latest regulatory rules and regulations.

Very difficult platform to get started…

If you have experience trading with City Index please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by City Index and its competitors. Please note, some markets may only be available via CFDs or other derivatives. However, comparing its offerings to those of other brokers will help you decide if it matches your needs.

CPT Markets Review

This spread can start from as low as 1 pip on options like the UK 100, Germany 30, and Australia 300, and from 1.6 pips on the S&P 500. These include the UK Gilt from a spread of 0.03 pips, Euro Bond from 0.03 pips, and the US T-Bond, and US T-Note both with a spread from 0.02 pips. There are several different account types available at the broker so there should be something to meet your needs when trading. This means they offer services in the majority of countries around the world. Even in the few countries where service is not available, you may still be able to open an account with another Stonex Group broker. Specific to forex, you will find a sizable total of 84 currency pairs available at the moment.

In indices trading, major indices like the FTSE-100 and Dow Jones 30 have spreads starting from 0.4 points, which is competitive. My only criticism is that the 12-week time frame didn’t allow me to explore the platform’s capabilities and thoroughly test potential swing trading strategies. It has steadily expanded its offerings and global reach over the past 40 years. In 2001, it introduced CFD trading in the UK, a significant milestone. The weekly forex outlooks and forecasts published every Monday morning at 10.00 am is another insightful tool that will prepare forex traders for the week ahead. When it comes to trading education, we think this is a big strong point for City Index.

• Even particular City Index features are unavailable in , most of the educational resources are free to use.
• The fundamental analysis portal considers the complex inter-relationships of financial statements, earnings, growth and other data.
• However, some account types, such as DMA (Direct Market Access) accounts, may require a higher minimum balance to access premium pricing and lower spreads.

There’s also support through social media platforms like Facebook, X, Instagram, LinkedIn and YouTube. Topics cover the fundamentals of market operations, technical analysis, risk management, and advanced trading strategies. Courses are also available, allowing you to build your trading knowledge progressively.

Interactive Brokers

The StoneX connection goes a long way in building trust, while the broker’s history and London location will instill confidence. The Web Trader platform has been the broker’s core offering for many years. Users can select from a range of different colour configurations, set price charts to up to 14 different timeframes and take advantage of an array of impressive trading tools.

AT Pro is designed for advanced traders who need more powerful analysis tools with improved speed and efficiency. It includes a fully customisable layout so that you can build your own personalised trading templates in C#, .NET and Visual Basic or choose from the hundreds of pre-built trading templates. I think it important to keep in mind that the trading product and services that you will have access to can depend on your location and entity of the broker that you open an account with. This is because strict regulation means that they are only able to provide certain features in certain jurisdictions.