Spread betting and CFD trading are available on options with City Index. Options give traders just that—an option—to buy or sell an underlying asset at an agreed-upon price on a certain date. Withdrawals are free and no minimum deposit is needed to open an account. However, £12 per month is charged to accounts with no activity for one year or longer.
What funding options does City Index offer?
Below we detail some of the top alternatives to City Index that allow scalping functionality to their users. Most users consider FXGiants is a excellent City Index alternative. Both City Index and Forex.com fall under the umbrella of StoneX, ensuring a consistent level of trust and regulatory compliance across both platforms. You can’t trade without a broker as you need a broker platform to effect transactions.
City Index Alternatives Offering Social Trading
The demo account is topped up with $10,000 but this is only virtual money you can use to build on your trading experience. Other than that, the demo supports the same tools and features as those in the live accounts. Experienced investors often incorporate options into their trading portfolios for the purposes of risk management. With this financial derivative, you can buy or sell assets at a predetermined strike price before the specified expiry date. City Index also offers spread betting and CFD trading with interest rates, bonds, commodities, and options.
Retail Trader Accounts
Your trade will complete at the price you specify.You can see how City Index compares to some City Index alternatives when offering guaranteed to stop loss to traders below. An City Index alternative spread betting broker understands the market perfectly and directs his clients to bet or invest, targeting an asset’s price rise and guiding the client before there is going to be a fall in the money market. If you are looking to trade UK stocks and shares with a City Index alternative, the United Kingdom is one of the most stable financial markets in the world. If you intend to access more financial markets and products, you must look for brokerages with better access to financial markets and more financial products to choose from.
What are the best alternative brokers and platforms to City Index?
Below we list some of the top city index reviews that offer guaranteed stop loss available for their users. City Index does not provide some services or does not have some characteristics that other brokers have. However, Forex.com offers tighter spreads starting from 0.2 pips, while City Index offers slightly higher spreads starting from 0.5 pips.
What are the best alternatives to City Index by category?
Obviously, they have access to more than the usual forex, index and commodity markets and add value with some nice thematic-themed indices (like ESG), and a good pool of sectors to speculate on. You can also trade options (CFD or spread bets thereof) on a good range of indices and commodities like Natural Gas or EU stocks. I’ve always liked City Index, it’s been a stalwart of the London CFD broker scene since it was founded by Chris Hales and Jonathan Sparke in 1983 as a way for institutions to hedge their exposure through spread betting and CFDs. Always advertising on billboards in the City, always having a colourful client base, always being bought and sold at the whim of billionaires and bigger boys.
City Index’s copy trading platform allows traders to share their expertise with others to build a community of investors and traders. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. City Index has a minimum desposit of $25, you can see how the minimum deposit requirements of City Index compare with the minimum deposit requirements of City Index competitors. Trading platforms often have lower minimum deposits to get traders to join with them, but having higher a minimum deposit isn’t always a bad thing, it all comes down to your personal trading needs. A good CFD broker should offer a diverse selection of underlying assets, including stocks, indices, commodities, forex pairs and cryptocurrencies.
For a beginner, it is necessary to do some research on the authenticity of any broker that you may be considering. Broker reliability if often judged by some basic parameters like regulation, the parent company, and the client feedback. Besides this, one must also consider the technology being used to protect your funds and wallets.
3rd party payment processing fees may be for various reasons, including converting currency and transferring moneybetween international banks.Compare City Index withdrawal fees with some City Index alternatives below. Yes, City Index is a good platform for day trading as they have low spreads, access to a wide range of markets and intra-day trading signals provided by SMART Signals. However, City Index is owned by StoneX, which is a US broker that US citizens can trade through. City Index is also part of the group that own Forex.com which offers forex trading in America. Founded in 2013, Trading Pedia aims at providing its readers accurate and actual financial news coverage.
You only need the internet and a smartphone to check your profits (or losses) when you have your brokerage application on your phone. A brokerage with a good number of European regulatory authorities means that it is safe. One of the prime focuses of MiFID regulatory authorities with City Index and other brokers is to ensure retail trader protection in MiFID regulated regions.
- If this is something that you are looking for then you could consider FXPRIMUS as an alternative broker .
- I personally consider them to be amongst the best brokers and wouldn’t hesitate to use them for my daily trading activities.
- Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
- The broker is available to traders from various countries around the world.
online trading platforms
US and UK crude oil and natural gas are available to investors who join City Index. Trading with soft commodities like sugar, wheat, cotton, corn, cocoa, lumber, orange juice, soybeans, oats, and coffee is also possible with this broker. The platform features additional exotic commodity markets such as lean hogs and live cattle. Spreads range from 0.3 to 40 points, with margins of 5% for gold and 10% for the rest of the available metal markets.
Full-time and professional traders may be forced to look elsewhere due to the lack of volume discounts and weak connectivity through VPS and API interfaces. City Index has built an impressive research portal, with in-house analysts providing daily market outlooks and updates through a tag-based news page that’s full of fundamental and technical reports. The site also posts some news videos on YouTube, but poor integration between YouTube and website video content makes it more difficult to find topics of interest. Other research material is well organized, and many categories are also accessible through the trading platforms.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised andregulated by the Cyprus Securities and Exchange Commission. We have listed some reasons why City Index may not be the best broker for you.But don’t worry. We offer a detailed list and examination of the top City Index alternatives and competitors feature by feature further below this City Index alternatives guide. We found when trading having a broker you can rely on is essential. If City Index does not match your requirements we explain the top City Index alternatives and City Index competitors in this guide.
There are several City Index alternatives that offer great mobile trading applications for both Android and iOS. If you have a MAC OS, check if your City Index alternative brokerage firm is also available on the MAC platform. If your brokerage firm is available as an apple application, it becomes easier for you to access your brokerage. In this field, there is a high per cent chance that a trader to either gain a huge profit or lose the deposit money.
If you don’t know how these platforms compare to third-party platforms, we’ve also compiled a guide to help you understand and select the best options for you. Benzinga has completed a City Index Review, one of the world leaders in spread betting and CFDs, to help you determine if it’s the choice for you. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.
We offer expert reviews, comparison, news, analysis, interviews and guides so you can choose the best provider for your needs. Spread betting is City Index’s forte, and it’s the product that a lot of their high-net-worth customers use for trading stocks. As one of the original spread betting brokers City Index offers access to one of the widest selections of UK, US and European shares (as well as the major indices). The key advantage of spread betting of course is that profits are free of capital gains tax. City Index offers some of the best trading tools and analysis to help traders perform better. Their unique post-trade analytics and voice brokerage service make it an excellent choice for large and frequent traders.
The City Index API appears restricted to institutional and white-label partnerships, lowering the value of the AT Pro backtesting and automated trading capacities. In addition, they offer no VPS hosting, missing an obvious business opportunity. No trading volume discounts were found, discouraging large-sized and higher skill traders from opening accounts, despite Premium and Professional tiers that provide secondary bonuses. We compare over 500 data points and 600 trading platforms to show you the best https://forexbroker-listing.com/ trading platforms below.
A Windows PC application will mean you can access your brokerage account with a click or even open it when you boot up your Windows PC. If you want to foray into the Middle Eastern markets, ensure your City Index alternative brokerage is affiliated with DFSA. Cyprus Securities and Exchange Commission, popularly known as CySec, is the regulatory authority overseeing the financial industry in Cyprus. CySec is a prominent financial regulator in the European Union, and obtaining a license from it is crucial for brokerages to operate in European Union countries.