Skip Content and Read the Bottom Line! City Index was founded in and is authorised and regulated by the Financial Conduct Authority.

City Index Review - All About CityIndex UK Broker

It is part of IPGL which a privately owned company that is based in the UK. This broker claims to be a leading provider of CFDs, forex and spread betting but can they prove it? City Index uses the powerful MetaTrader 4 platform which is widely known to be a standard in this industry. On the other hand, this broker also offers the Advantage Web and Advantage Trader platforms which are less identified in the forex market.

It would be better to stick with the MetaTrader 4 version as this is known to be more stable than its alternative. The minimum lot size is 0. This also avoids limitations with the number of trades that can be opened at any given time.

Thousands of spread betting and CFD trading markets are available at City Index and this includes currencies, commodities, indices, shares, bonds and interest rates. People trade on forex because the profits are much more promising and because it has now become easily available online, and even more convenient to deal with currencies. This is the reason why the pip value or spread is significant because this will be the basis on how much profit will be gained out of a successful trade.

The most common problem of forex traders today are delays in withdrawal requests.

City Index Review

City Index claims that withdrawals are processed in a matter of 5 days but in my case it took exactly 10 days. Immediate assistance in whatever you need is a prime asset of a good broker company which is why it is important to determine how good their support team is in handling customer queries and issues.

They need to be attentive, quick and well-trained. I find the live chat method more convenient since I was already in front of my PC so I tested it and this is how my chat with their support real-forex broker review went:.

As you can see, Stephen was not very helpful in answering my queries. He claims city index forex review they stop limit buying stocks not offer any bonuses but when I tried contacting them via phone, an agent named Samantha told me that they do have such promotions.

There seems to be some inconsistencies with the information that they provide to their clients and I find that really disturbing. I noticed a lot of slippages when I tested their platform and it is even more observable when there are quick changes in the real-time market prices.

City Index Forex Broker, City Index Review, City Index Information

I was very disappointed to see that the prices when I placed the order and when it was executed by the broker were different. City Index is authorised and regulated by the Financial Conduct Authority in the UK which gives traders that certain peace of mind because they know that the company is monitored by a financial authority.

I was expecting to see some great reviews about this broker when I did my research on the most active forums for forex traders but to my surprise, most of the comments were on the negative side. City Index does have some interesting features but they need put their attention on important matters such as the slow processing time for withdrawal requests.

They also need to how to make money on runescape p2p noob a look on the bad reviews that they are getting from the public and make an effort to resolve such issues because their lack of action could cost them their license from the FCA.

I do not need this hassle in my life! I should have read the reviews about them before I opened an account — They are a regulated broker so I thought that there would be no serious issues with them, well I was wrong.

They took way to long for me to get my money, have signed up with another broker. You might want to check out Plus Compared to City Index, they have a much better platform and a selection of platforms to choose from.

City Index chat support show a very little enthusiasm when you are trying to ask them for assistance. I hope they can offer more to their clients. It is pretty annoying to realize how unstable their platform was. I hate to share that I am losing more than getting profit from the trades I am making with them. You must be logged in to post a comment. Conclusion City Index does have some interesting features but they need put their attention on important matters such as the slow processing time for withdrawal requests.

We highly recommend that you sign-up with much more stable brands such as PlusXM or AvaTrade as an alternative so you can continue with your trading activities. Xavier LeBreton January 11, at Josh Shaw January 16, at I also had issues with my withdrawals, will not be trading with them again!

Richard McArthur January 31, at 8: George Gibbs February 7, at 7: Their platform is horrible, very slow — lost lots of money because of it.

Whittingham February 21, at 1: Jeric Baldwin March 12, at 2: Tosh Overgaard April 8, at 2: Malcolm Denver May 31, at 7: Shania Carlson July 24, at 8: Kid Drexler September 9, at 7: Leave a Reply Cancel Reply You must be logged in to post a comment.