City Index Review 2021 - Pros and Cons Revealed

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City Index is a large forex broker established in the UK in 1983. The brand City Index offers over 12 000 instruments. It is regulated by FSA, ASIC, and MSA.

Open Account Support Withdrawal Deposit Execution  Spread  Overal rating
9.2
9.1
9.0
9.6
9.8
9.5
9.4

Accounts:

City Index offers three levels of accounts for its clients: Trader, Premium Trader, and Professional Trader. The professional trader could receive some options that are not available for the retail users, like higher leverage and bonuses.

Regulations:

The company is regulated in the main world jurisdiction. There is a license from FCA in the United Kingdom, from ASIC in Australia, and MSA in Singapore. In this way, City Index could offer their services almost all over the world. At the same time, these jurisdictions are one of the most value from the traders, and at the same time, the client received a high level of protection.

Supported instruments:

City Index offers over 12 000 instruments. This includes 21 world indices, 84 forex pairs, over 4500 single stocks CFDs, 5 cryptocurrencies, and also Commodities, Metals, Bonds, Interest Rates, and Options.

Platforms:

City Index offers Meta Trader 4 platform, the advanced AT Pro desktop platform and mobile and web versions.

AT Pro platform has build-in over 100 technical indicators which give the trader many different options to analyze the market. Another feature is to trade from the chart. The Stop Loss and Take profit are visualized on the chart and can change by drawing the lines. The charts type include the standard ones Candlestick, Line and Bar type, but also less used Heikin-Ashi and Points and Figures which allow more possibilities for proper detections of the trend.

Payment methods:

The minimum initial deposit in City Index is 100 GBP. The clients could fund their account with a deposit via Credit Card (Visa or Master Card), debit card (Visa, MasterCard, Maestro, and Electron) PayPal, or via wire (bank transfer). On the deposits via Credit Card may be applied fees, the other methods are free of deposit fees.

Conclusion:

City Index is a good broker which offers a huge variety of trading instruments (over 12 000). The regulation of the company is one of the most reliable in the world and the traders have to be calm for their funds. The platforms option include the most used platform Meta Trader 4, but also cover the more demanding clients with AT Pro. The deposit methods include the most common ones, like Credit Card and Bank transfer deposits.

Author

Miroslav Georgiev

Miroslav Georgiev is Senior Risk Executive with 20+ years of professional wide-ranging experience in multinational forex companies. Take part in Global setup and development of Forex and CFD being an active part of the Business Team. Build and manage Risk management departments and teams.

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