City Index Review
Score: 9.1 ⭐️
4/20/20231 min read
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Backed by StoneX Group, City Index is a trusted brand. k
However, average pricing and a limited MetaTrader offering hold City Index back from competing with the best forex brokers.
Pros
Part of StoneX Group (NASDAQ: SNEX), City Index is regulated by a few regulatory bodies for forex and CFD trading.
City Index’s flagship Web Trader platform offers combination of advanced trading tools and integrated research.
City Index's well-designed app..
The City Index mobile app balances advanced functionality with ease-of-use, and offers features such as integrated research, news headlines, and market commentary.
Generates 200 distinct trading signals each week.
Cons
Low range of assets on MT4 and 5 Platforms.
City Index does not have updated videos..
Offering of investments
Like other brokers in the U.K., City Index offers spread-betting across its available assets, providing tax efficiencies for U.K. residents that aren’t available when trading CFDs. City Index also offers forex options and forwards.
Cryptocurrency: Cryptocurrency trading is available
Commissions and fees
Pricing at City Index for trading CFDs, forex, and spread-betting products is in line with the industry average. For the best pricing, use City Index’s proprietary platforms or MetaTrader.
Premium Trader account: Active traders that deposit more than £10,000 may be eligible for City Index’s Premium Trader account, which provides access to exclusive pricing.
CFD account: City Index has average spread of 1.1 pips on the EUR/USD , bringing the all-in cost slightly above the industry average, and far behind the best forex brokers in this category.
Active trader rebates and discounts: Rebates for U.K.-based professional traders start at £4 per million if you trade more than £25 million per month.