City Index Review
As the cryptocurrency field keeps going skyrocket, we have more articles for you here in Best Forex Broker Review! This time we are going forward with a City Index review, one of the most searched brokers online this year. There are plenty of positive things we have to highlight about this service. And we will do that throughout this article. So, if you are interested in working with this broker soon, then make sure to read this article until the very end. And let us know if you have any questions, we are more than happy to help you out!
Along with this City Index review, we will learn all the things that make this broker stand out from the rest. So, by the time we get to the very last bit of this article, you will know if this service fits what you are looking for. But, keep in mind that innovating, taking risks, and trying new things is also an important part of the investor’s journey.
So, let´s go forward with this City Index review!
What is the City Index Brokerage About?
The City Index brokerage was founded back in 1983. But, it wasn´t until late 2001 when it added CFD trading to its platform, as it was only a spread betting brokerage. Also, this one was part of the first few companies that started working with technical analysis. So you can tell they have been innovating and standing out in the market since the very beginning.
This company is trusted by many traders, even professionals as they have a very low risk while investing with them. So they can be a good choice for anyone who is starting in this business. By trading with them, you get access to tons of different markets around the world. And they offer 84 different Forex pairs apart from cryptocurrency, CDFs, and commodities. So, no matter what type of investments you do with this broker, you will find the right asset for you and your goals.
Let´s keep disclosing what else you get from this broker!
Company Details Overview
As we said above in this City Index review, this company has been working non-stop since 1983. But, it wasn´t until late 2014 where they got in the trading game as a bigger company. Why? You must wonder. Well, they started adding and integrating more and more assets, commodities, and options for investments in general. So that´s how they got so popular and they have had massive success since then. You must remember this business needs brokers, developers, and traders who are always looking for ways to improve and innovate. So that´s what they did!
The main headquarters of this business is based in the United Kingdom, and they have offices all around the world as well. So this is a great chance for traders all around the world, as they accept people from most countries.
Apart from that, this company is not only for trading purposes. There are hundreds of thousands of traders all around the world who use it for learning purposes mainly. What!? Yes, just what you heard. This company is known for providing some of the best trading courses with tips and tricks to stand out in this business. So, even if you are not interested in using their brokerage,m you should check out their education page. You are more than likely to find something that you like!
City Index Regulations & Laws
So far, now we are going to mention all the details you need to know about this City Index review in terms of regulations and such. But, you must know already that you are secure with this company as they have made clear they are trustworthy. This business has been in the market for so many years that it has some of the best regulators yet. And, they offer security for all of their clients. So there are no limitations to the country that you live in terms of security.
Let´s get into detail!
This company is regulated by the Financial Conduct Authority (FCA), the Australian Securities & Investment Commission (ASIC). And lastly, the Monetary Authority of Singapore (MAS). So, all of these entities, companies, and businesses are the reason why your money is safe while investing. Also. remember that you can learn from these companies too on their websites online. So, if you want further information, make sure to check their sites out!
Assets and Markets
Fo what we have seen on this City Index review, these people work on many platforms and offer different services. So everyone can find something that works for them, and that aligns with what they are looking for.
This broker works with CFDs and basic forex tools. You can get all international markets for both Forex currencies and also cryptocurrency. Also, you have access to the MetaTrader 4 platform too!
At the moment. City Index offers the following assets in their platform: 4,500 CFDs, 66 different Forex pairs including exotic ones. You can get crypto, social trading and copy trading, and commodities too! Lastly, you can trade 21 global indices and thousands of different shares from the top companies around the world. So, what else do you need!? This service offers you the right tools to succeed if you are willing to put in the hard work.
Trading Platforms Available
The trading platforms supported is probably one of the most important parts of this City Index review. So, to make sure you know all the little things about the broker, we are providing you with the details you need! Just be aware that it all depends on what you are looking for and what platforms suit you better in the long term. But you shouldn´t be afraid to try new things because remember who changing this business is!
Currently, these people offer all the normal platforms supported by most of the broker online nowadays. So, these are the MT4 platform, the trading app, and their web trader. Apart from that, all clients can choose in between a premium trading platform or a professional one. And the main difference between these two is all the tools you can get to use. So, if you are looking for a high-quality service that delivers amazing performance, this broker might be one of those for you!
Some of the trading tools you can get, as listed on the website, go from trade execution, performance analysis, and volatility alerts. So, all of those resources together allow you to get a much better and more personalized experience with this broker.
You can also trade with this broker using their mobile app or the MetaTrader app available for both iOS and Android devices. Being able to trade on the go and check your account even if you are not home is a huge advantage that shouldn´t be taken for granted. And remember these trading apps as just as good, if not better than the web trader. We think that way because you can customize the app to the next level so it meets what you are looking for. So, at the end of the day, it all comes down to what experience you want to get from the platform.
Deposit and Withdrawal Methods
Now to get in detail about this City Index review, we are going to disclose the methods available to deposit and withdraw your money. So, before getting your account with this service you can get to know beforehand how it works!
This company doesn’t charge for inactivity fees, deposits, or withdrawal fees, which is a huge relief for most traders! The minimum deposit to get started is only USD 100.
The only thing you need to keep in mind is that before you start funding your account, you must fill out a request. After you have provided all your information, you should be able to get into your account in the next 24 hours.
To finally fund your account you get a few options, you can use a debit card, a digital wallet, or just do a bank transfer. So make sure to use the one that fits you the most. Keep in mind that some users have mentioned in the past that the bank transfer can take several days until it´s processed. Or, if you want to keep all your personal information private, you can also use PayPal to fund your account!
Meanwhile, for withdrawing your money you just need to request it on your account, as usual. And submit your bank account, credit card information, or digital wallet ID. No matter which one you choose, this company doesn´t charge fees. And the minimum withdrawal is at least USD 100.
City Index Available Countries
As we go down with this City Index review, now it´s time to talk about the countries that are supported by this broker. And guess what!? Surprisingly all countries around the world are supported to use this broker! So, no matter if you are from Singapore, Australia, or Europe, you can have access to this company and trade using their services.
Also, let´s not forget that their regulations, laws, and security are also available worldwide. So clients from all places are also safe when it comes to their money, investments, and so on. So, don’t hesitate to try this broker, it might be one of the best choices for you!
Lastly, this service is available in most languages too!! So the language barrier will not be an issue for you while using this broker.
Customer Support Available
Before you get started with the City Index brokerage, we must take a look around the customer support available for their clients. That´s the only way most traders and potential clients feel safe before they get a new service. But, from what we have seen and read online, there´s nothing to worry about when it comes to this topic.
There are a few ways to get in contact with them, you can call them via phone, send an email, or just talk to their chatbox on the site. Most people recommend directly calling them because it gets a faster and more personalized response. But it depends on how urgent and complex ur question or situation might be.
The only downside we found was that they don´t have 24/7 customer support available. This department works from Monday to Friday until 5 pm. But either way, they always reach back to their clients as soon as possible, no matter if you sent a question during the weekend. So don´t worry about that!
Benefits and Drawbacks
- The company has won many awards due to its accurate reading of trading charts.
- City Index is listed as one of the best brokers of 2021 for the diverse range of offerings they have for their clients.
- This company offers several educational resources to help its clients succeed in this business.
- You can fund your account using your PayPal account.
- This broker can suit beginners and professional traders.
- The process for withdrawing your money can take up to 5 business days depending on where you live.
Conclusions City Index Review
At this point in this City Index review, we have gone through everything we need to know about this brokerage! But, the real question here is, what are your thoughts about this service so far?
For us, we believe it is a good choice for traders of all levels who are always looking for new ways to improve their portfolios or gain experience. Also, every single trader will get a different experience from this broker because it is highly customizable. And you can choose which tools, settings, and features benefit you the most. So your account can be as premium or as professional as you need!
As for now, we couldn’t find any real downsides with this broker, which is incredible! So if you are interested you should give it a shot and let us know what you think!
Will you be trying this broker? And if you are currently using it, what do you like the most about it?