City Index Review
Established in 1983, City Index Group is a financial company that offers online Forex, CFD, FX, and CFD trading. Since its establishment, City Index has acquired multiple other high profile company’s that now operate as institutional partners under the parent company City Group Index. The group is comprised of City Index Ltd., FX Solutions, Finspreads, and IFX Markets brands. City Index is now considered one of the oldest and most reputable CFD company’s in the world. The company operates across the globe with offices in Australia, Germany, China, Israel, Hungary, Poland and the UK.
City Index has won multiple awards in previous years, including:
- 2014 Global Banking and Finance Review awards for Best CFD & Forex Education Provider
- 2014 IFM award for Best CFD Trader Broker
- 2013 Shares Magazine award for Best Mobile/Tablet Trading Application
- 2011 Shares Magazine award for Best Online Trading Application
- 2011 Money AM award for Best Online Spread Better Service
- 2011 Money AM award for Best Mobile Trading Platform
- 2010 Money AM award for Best Online CFD Provider
- 2010 Money AM award for Best Mobile Trading Platform
- 2010 Financial Times and Investors Chronicle award for Innovation of the Year (Mobile)
Trading with City Index
City Index’s trading reputation very much speaks for itself. The company is one of the world’s most successful CFD firms, with over 4 million clients and more than 1 million trades handled per day. A key advantage of City Index is the company’s ‘Learn to Trade’ webinar series which offers users a free four part educational series that uses video format to educate beginner traders on the basics and fundamentals of online trading. The webinars are specifically designed to assist users in improving their CFD and FX trading skills at their own pace. CMC also offer a 4-week trial that allows you to use the demo account with $10,000 in free money. Risk management is also made a lot easier with automated guaranteed stop-losses, the ability to make linked contingent orders and a variety of other advanced tools that can be used to reduce your trading risks. City Index also provides professional trading services to retail and small institutional clients from across the world.
The only exchange trading software that the company offers enables traders to access their accounts from a desktop, tablet or mobile advice. The exchange platform also offers global cross-portability and is configured for: Advantage Trader, Advantage Web, MetaTrader4 (FX), Android Tablet App, Android Mobile App, Blackberry App, smartphones and Windows Mobile App. City Index’s trading platform also offers clients the ability to stream news feed and also offer traders charting packages, trading signals, automated trading and trading from charts.
Trading Spreads & Deposits/Withdrawals
City Index has over 12,000 markets that users can chose from, including global shares options, binaries, commodities, currencies, rolling dailies and all of the other major financial indices such as the Australia 200, FTSE100, S&P 500, DAX etc. City Index provides you with that reassurance that you are trading with one of the largest and safest institutions available and any quotes given to you on screen are firm quotes. City Index also provides their clients with some of the lowest commissions, tightest spreads and margins starting at just 1% on thousands of trades from over 10,000 global financial markets. Furthermore, the company also offers flexible leverage up to 200:1 as well as complimentary trading strategies and automated trading.
To open a City Index account, a minimum first deposit of $100 is required, however deposits thereafter are left entirely up to the traders. The company requires all deposits to be made only in the base currency of the account. City Index accepts MasterCard, VISA Delta debit cards and VISA credit cards for payment.
City Index Trading Platforms
City Index offers a range of trading platforms for their clients to choose from to suit their specific requirements. Below is a table that outlines the specific characteristics.
|Advantage Web||Advantage Trader||MT4 Enhanced (FX only)||Mobile/Tablet apps|
|Type of Platform||Browser-based||Downloadable||Downloadable||App|
|Leverage to Suit||No||No||Yes||Yes|
|Guaranteed Stops||Yes (CFDs only)||Yes (CFDs only)||No||Yes (CFDs only)|
|Products Offered||10,000+ CFD markets and range of FX pairs||10,000+ CFD markets and range of FX pairs||Range of FX pairs (MT4 FX account)||10,000+ CFD markets and range of FX pairs|
|Full Trade History||Yes||Yes||Yes||Yes|
City Index Summary
City Index has continually proven itself to be one of the most successful and credible financial company’s in the world. The company provides multiple platforms to suit traders with all skill and experience levels as well as a customisable interface that can be altered for traders desired preferences. The Demo account offered by the company assists beginners with becoming further acquainted and familiarised with the City Index software and trading tools, which depict the live trading platform they will experience when they begin their trading. Furthermore, clients are given access to real-time financial news and updates as well as analysis feeds from the Dow Jones Newswires, all of which are beneficial for not only beginners traders but also for experienced traders looking to go the extra mile in their trading activities. City Index is registered with the Australian Stock Exchange and is regulated by ASIC in Australia. With over 30 years of experience in providing retail trading services for clients across the world, City Index is a trustworthy and highly credible financial company that provides its clients with the most up-to-date trading tools to help them achieve their trading goals.