In this City Index Review, we are going to share what financial assets are available for trading. If you sign up with City Index, you can get access to over 12,000 different financial assets for trading. These include forex pairs, CFDs, cryptocurrency, shares, indices and more. A minimum deposit of $150 is required in order to gain access to these assets.
You can fund your City Index trading account in a couple of different ways. These include wire transfers, credit/ debit cards, and e-wallets like Skrill and PayPal. You should know that whatever method you choose to deposit your funds would be the same method you need to use to withdraw them as well. This is to prevent any fraudulent activity.
City Index is one of the very few award-winning brokerage services in the financial industry. They have been providing trading services in the forex industry since 1983, making them one of the very first to enter this space. Over the few decades it has been in service, it has managed to expand out and open offices in the UAE, the UK, Singapore, and Australia.
Are you someone who is too busy to analyze the forex markets on your own? City Index is the right broker for you. It gives you access to trading signals that are created by industry professionals who know how to read market sentiment and perform accurate technical analysis. You can rest assured knowing you will only get profitable trading signals.
It is a great broker for beginners as they have an entire section dedicated to providing you with a wide range of educational resources to help guide you through this industry. This section contains blog posts, videos, courses, and past webinars. Going through this section can help you go from a beginner to a professional organically.
City Index offers you access to their accounts for only $200. This is a pretty good deal and should be just enough to get you started in this industry. Investing too less can give you a much harder time at making profits so $200 is just the right amount that is not too less and not too much. It is affordable by even beginners who want to enter the industry.
City Index gives you access to their proprietary trading platforms. These platforms are compatible with all Android and iOS interfaces. They also have a desktop web platform that is compatible with both Windows and MacOS. One of the great things about these platforms is that they’re fully customizable so you can adjust them to your liking.
In order to sign up with City Index, you have to fill out a short survey that takes you through the Know Your Customer (KYC) procedure. You will be asked to submit a proof of identity which could be your national identification card or your driver’s license. You would also be required to submit a proof of residence which could be a utility bill under your name. All these steps are just to ensure that you aren’t trading under someone else’s details or in some other location.
The Financial Services Compensation Scheme is an insurance provider that makes sure you get your profits even if the broker is unable to pay out due to becoming insolvent. It is great to see that City Index has partnered with the FSCS to provide their clients with up to $85,000 of compensation in the slight chance that they go into default. This shows that they truly care about their clients’ experience on their platform.
Although it provides you access to their propriety web and mobile platforms, they don’t provide you the opportunity to use their services on the MetaTrader 4 or Meta Trader 5 platforms. These are the most popular platforms in the forex space and are often preferred by traders worldwide. If you’d like to trade on the MT4, you should check out IC Markets.
City Index is yet another broker that does not offer 24/7 customer support. This service is crucial for any broker to offer as you never know when your client may face an issue with their account. Most brokers don’t offer their services on weekends due to the forex markets being closed during that time.
It provides you with its own proprietary platforms for trading. These are fully customizable to your preference. This is a broker that is heavily regulated so you don’t have to worry about losing your investment to a scam service. You are also under an insurance scheme when trading with City Index. This is one broker you don’t want to miss out on.