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City Index Review

Posted By Marcus Holland On Thursday, November 1st, 2012 With 2 Comments

City Index is one of the biggest private derivative trading companies in the world with thousands of clients, over 400 staff and offices in many countries across the world.  Every month its clients trade over two million times which is a testament to the quality of the service it provides.  Although spread betting is its most popular (especially within the UK) product, City also offers Contract For Difference trading as well as access to a wide variety of forex pairings.

Sign up for a CFD trading and spread betting account with City Index Today!

Company History

Not only is City Index one of the largest trading brokers in the world – it is also one of the most established.  The company has been around since 1983 when it was opened in London, UK – shortly after the original spread betting company, IG Index.  CFD trading was introduced in 2001 and City later acquired the company Finspreads in 2005 and IFX Markets in 2006.

Trading Platform

City Index allows users to spread bet and deal in CFDs on the same platform. Users can keep track of their open positions and browse popular markets in the same screen. It’s easy to access all the different types of markets from a simple drop down box. Clicking on the “Trade” icon automatically populates the order ticket into which users can then input their bet quantity as well as the “stop” and “limit” preferences.

Like a few others, City Index has an online trading platform, meaning there are virtually no system requirements and it can be accessed anywhere in the world on any computer with an Internet connection. It contains real time streaming news as well as charting options and a wide variety of risk management techniques that allow you to place your bet in different ways.

City Index also promises that its prices accurately track the underlying market – meaning that re quotes are kept to a minimum. In addition, their execution policy says that trades are executed at the screen price, up to the limit of what they call “Our Size”, ensuring the settled trade price doesn’t deviate from the live price.

City Index is available online and on the move with its ‘City Trading’ mobile app.  This mobile trading application had won countless awards and is widely considered to be the first viable mobile trading solution to have been introduced to the market.

Products Covered

City Index allows spread betting on Equities in the US, UK, European and Asian markets. You can also bet on the major stock indices as well. They have a unique market called “Sectors” which allow you to bet on an entire range of stocks in particular sectors based on the UK markets. They also offer spread betting on currencies, Metals, Bonds and Interest rates.

Pros

City Index offers 24 hour online trading as well as streaming news through its trading platform. They also have guaranteed quoted prices below a certain trading level. Their prices track the underlying markets and this means fewer re quotes. This holds for both CFDs as well as spread bets.

Summary

There isn’t much you can say against City Index as the company, as a whole is very professional.  It offers some really tight spreads on the four main indices and some of the key forex pairings.  The trading platform is high quality and is available on the move so you can stay connected and trade wherever you are.

Overall Summary

City Index seems to be an attractive option for those betting on the FTSE 100. However, their customer service is spotty and this might be a big factor in making your choice.

We hope our City Index review was helpful and if you would like to comment on the company, please do so below.

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  1. westonmare says:

    Most of them state of being regulated somehow feeling rather protect by it , therefore they can present themselves as perfect company to trade with . Please do not fall for this, being regulated it means nothing ! They run scams any times they wish . How to prove you have been conned ? You can.
    Lets first start that all those company do use one elaborate software and are connected to one big computer center that they share.; very similar to any betting office . You are made to believe that you are trading direct with Stock Market possible Wall street or else; well you are not, You are dealing with brokers who are all using the same software. They can with the speed of light analyze your tickets and within second change the direction of the market at their convenience. For them it means more profit from the banks and from you , they got your money !
    You are better off going to any casino , you have more chance.
    The more people buy the same markets the more the price will go down , until you are forced to close your position; its called price fixing ! they all stick together for it !
    I have studied my 100 open position while dealing with a broker cit index what is disturbing is that 97 % of them going long, the market went the opposite, and on 100 tickets 96 % of them going short the market went up in price.
    So it shows that you never are in a winning situation.

    At the beginning they make you win a little , then when you are hocked they change the switch . And you are history !. your savings has gone and you are destitute .
    You where made to believe that you could made a few quid , or even to become rich overnight .
    Its a scam

    Also the chart that they show you are not 100% the same as the one of Wall Street !

    of course someone has to be a winner otherwise who would want to go to a casino to lose all the time .

    What is amazing is that the way they can manipulate a trade in such way to ransack money from small investors.Of course they are all connected and they have behind support of mega money and banks .

    Everyday people are getting scammed, its the biggest fraud of the century .and its protected by the banks and Gov.
    keep well away from those firms they all using the same software and all connected to an head office , their head office.
    A forex company has a few names to fool people, but its the same company .

  2. westonmare says:

    this is one of the top brokers that is using virtual software against your bets and mine
    THEY ARE NOT ECN REGULATED, The counterfeit regulated as a cover up, your trade will be passed over to other brokers and your name is not anonymous .
    They will run the market down until you a cleaned up.
    The spread was changing while my position was open, every time I closed a position the ticket would always show up a very low price from the real actual one . And after the tickets were closed the price would go higher . This brokers are operating a true trading scam

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