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Traders can use the City Index platform in six languages. Like other brokers, City Index offers a particular set of products in different countries, based on what they can and cannot do by law. City Index offers trading on CFDs for indices, shares, forex, cryptocurrencies, and other markets.
City Index offers CFD trading on more than 4, shares of the most popularly traded public companies in the world including companies from:. Please Note: Availability subject to regulations. Important : Shares and CFD traders pay both the market spread as well as a commission on each trade. Spreads for the following asset classes vary and traders should refer to the City Index website for up to date numbers:.
City Index does not charge commissions, only certain fees. City Index offers a standard trading account, a professional account invitation only , and two types of demo accounts. Traders can use demo accounts for up to twelve weeks, and City Index provides them free of charge. The City Index demo account comes with 10, demo credits and allows access to all features of the platform.
When opening an account, traders can choose whether they want a CFD account , a spread betting account , or a single account with both products. After completing this information, traders may have to submit additional information to verify their identity. Traders who have to supply additional information are required to present one document as proof of identity and one as proof of address.
On Mobile : Account verification can be completed on mobile. See our mobile platform overview for more details. Depositing money in an account is fast and simple. Traders can access the funding link from the main platform, fill in the required information, and send it. Traders should consult the City Index products section of the website for specific leverage allowances for each financial instrument. Each financial instrument also has specific City Index margin requirements that traders must maintain.
Variable Leverages : City Index offers different amounts of leverage depending on the product , but the maximum leverage is in the UK and Australia, in Singapore. Traders who fall below the City Index margin requirements risk receiving a margin call and having their position closed prematurely.
For compliance purposes, City Index must transfer your funds back to the original source you used to fund your account. This account needs to be in the same name as the account maintained with City Index. Funds withdrawn via card take 3 to 5 working days to arrive, while domestic bank withdrawals generally take one to two days. Professional traders also benefit from favorable maximum leverages of up to In order to become a professional trader, clients need to meet at least two requirements from the following criteria:.
On Mobile : City Index offers on-the-go trading, too. City Index offers mobile applications for on-the-go trading. While the mobile app and responsive trader are not inclusive of all desktop features, most are available and built-in. Products can be navigated by scrolling through the screen, and trades can be executed in just a few taps. Trades are incredibly simple to perform on mobile. The one-tap trading functionality works on portable screens, too.
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The platform is web-based so it requires no installation. Upon logging in, traders are greeted with the main trading screen:. Traders can customize the flexible dashboard layout, choosing to switch between various personalized workspaces.
Traders are offered the option to tick the one-click trading button to easily enable this handy feature. The button is located at the top right-hand side of the menu on the web trader. One-click trading on mobile can also be enabled in a single tap via the top menu. The Web Trader trade ticket shows traders the necessary information to create guaranteed stops and trailing stops to their orders, while a real-time margin calculator helps inform decisions.
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