CityIndex Broker Review 2019

FairBinaryOptions Broker Certificate
  • Min. Deposit $100
  • Max. Leverage 1:200
  • Spread EUR/USD from 0.3 pips
  • Mobile Yes
  • Platform MT4/AFX
  • LiveChat Yes

CityIndex is an ASIC and FCA regulated broker that offers several types of trading to users worldwide. Traders must understand how CityIndex has two websites – one for Australian and one for traders from other countries. This is necessary as regulations in Australia are somewhat different, so offers may differ. For example, CityIndex review found out how this broker offers spread betting, forex, and CFD, while in Australia they offer only CFD and forex. While some traders might consider this to be unfair, but bear in mind how this is an insurance that the broker is following all required legislation.

  1. Website Preview

  1. CityIndex Account Features

    CityIndex doesn’t offer traditional account types such as for example bronze, silver, and gold. Traders can use spread betting or CFDs account or open an account that covers both of these. CityIndex Australia, on the other hand, doesn’t offer spread betting, so traders can open only a real trading account. Minimum deposit required for traders to open an account is $100, but it can also be higher but only in a case when it has to cover the margin requirement of your first trade. Minimum deposit for Australian traders is $500 which is significantly higher than for traders from other countries.

    CityIndex Demo

    Demo accounts are always a welcome addition to what broker has to offer. Thanks to demo, traders can easily explore the platform and learn about all the features they have available. Even though they won’t make a profit while trading on a demo account, traders can easily learn more about the broker thus preventing serious losses in the future. CityIndex offers a free demo account, so make sure to use it before you start real trading.

    CityIndex Demo Australia

    • $10,000 virtual money
    • Available for 2 weeks

    CityIndex Demo International

    • $10,000 virtual money
    • Available for 12 weeks

    We don’t know why CityIndex decided to significantly lower the amount of time available to Australian traders. It would be fair if all traders had equal access to a demo account.

    City Index is not offering any special bonuses or promotions. However, traders can find all legal documents organized in a special tab. They are easily accessible and traders can always look up different terms and conditions related to their trading on CityIndex platforms.

  2. CityIndex Trading Software

    CityIndex offers several platform types, including the most popular platform for forex trading Metatrader. The platforms available are as follows:

    • Advantage web trading platform – customizable, web-based platform that allows trading with a single click. It has over 80 indicators integrated. It is supported on multiple devices.
    • MT4 platform – the most popular forex trading platform. Requires a download and installation on the computer of your choice, but offers a higher level of security in exchange. You can use custom indicators, expert advisors and professional charts.
    • AT Pro downloadable platform – platform dedicated to advanced users wishing to use automated trading signals. They can implement their own, or use built-in strategies. This platform requires download and installation, as well as basic knowledge of coding in order to be used to its full potential.
    • iOS mobile apps
    • Android mobile apps

    CityIndex Forex and CFD

    Forex and CFD trading is available on both international and Australian platform. The spreads are pretty tight, starting with 0.5 pips, and there are 84 global pairs available to trade with. When it comes to CFDs, the spreads start at 0.3 pips, and there are over 4500 different stocks, commodities, and indices available. Commission for shares trading starts at 0.8% (for Australian customers only). cityIndex also supports crypto trading where traders don’t have to actually own a crypto coin in order to make a profit from the movement of its price. CityIndex is mostly focused on Ethereum and Bitcoin trading.

    CityIndex Spread Betting

    CittyIndex UK offers spread betting. Spreads betting is non-taxable in the UK, thus making it pretty popular among traders. Traders can try spread betting on 65 currency pairs. Options give traders a chance to buy or sell at a specified price before the expiry date. CityIndex offers futures based monthly Options on GBP/USD and EUR/USD through their platform.

    All types of trading and trading platforms are well explained on the website. Traders should definitely look into it prior to making a final call on what trading path they want to take.

    Your capital is at risk
  3. CityIndex Support Information

    CityIndex customer support is easily accessible via live chat. Unlike with many other brokers, with CityIndex, the broker won’t bother you with constant live chat notifications and annoying sounds. Traders simply have to click live chat tab and a window will open immediately. After providing your name and email, you can ask the support agent anything you wish to know. Besides live chat, there are also emails, and phone numbers you can use. The website, support and trading platform are available only in English.

    City Index is truly a unique broker when it comes to education. All users get access to detailed info about different types of trading offered, as well as some specifics that might help them make the best decision. Make sure to put some effort into it and research the platform. There are special courses for advanced traders and beginners, as well as materials considering specific trading issues and problems. You can also find out more about different types of trading as well as extensive FAQ section for traders who need a simple and straightforward answers.

    Your capital is at risk
  4. CityIndex Payment Methods

    CityIndex UK requires a minimum deposit in the amount of $100, while with CityIndexAustralia, the minimum deposit is $500. We don’t know why there is such a huge gap in required deposit amount. Minimum withdrawal is $50 or whatever the amount you have left on your trading account. However, it is impossible to withdraw more than $20,000 in 24 hours.

    When it comes to payment methods CityIndex UK supports credit cards, while CityIndex Australia supports credit cards, EFT or BPAY. CityIndex Australia also warns that there might be a chance that you won’t be able to withdraw your money to a credit card (Visa and MasterCard), but in that case, they will make a payout directly to your bank account.

    CityIndex is a trading name of GAIN Capital UK Limited, FCA Register Number: 113942. GAIN Capital Australia Pty Ltd has a license number AFSL 345646.

  5. Your capital is at risk
GAIN Capital UK Limited
CityIndex is regulated by FCACityIndex
is regulated by
FCA
Reg no.: 113942

CityIndex articles

FBO Awards