City Index Overview
|Spread Betting Platforms||Advantage Web, AT Pro|
|Spread Betting Markets||8,000+|
|Spread on EUR/USD||0.5 pips|
|Banking Methods||Debit Card, Credit Card, Bank transfer|
|Demo Account||2 weeks with £2,500 virtual cash|
|Regulated||Financial Conduct Authority (UK)|
|Customer Support||Email, Phone, Live Chat|
- More than 8,000 markets
- Tight, fixed 1pt spreads
- Commission-free trading
- Regulated by the FCA
- Demo account only active for 2 weeks
City Index a global spread betting, CFD and forex trading provider which has been in the business for over 3 decades. Among the strongest features of this brokerage is that they offer tight spreads and have extremely low initial margin requirements a vast range of global markets. If you are from the UK, you will be able to enjoy tax-efficient trading because spread betting requires no UK capital Gains Tax or Stamp Duty.
Spread Betting Platforms [18/20]
They have 2 platforms that cover spread betting so if you open a standard account you will have access to both options and your account number will start with CX. The Advantage Web allows you to trade the markets directly from any web browser. It has screen layouts which can be customized and comes with advanced charts and other useful tools. There’s also the AT Pro which is integrated with analysis tools, auto-trading strategies and advanced charting packages. There’s also the standard MetaTrader4 (MT4) that has a range of features including Expert Advisors, custom indicators and trading signals. Among the strongest advantages of these platforms is that you can set your trades to automatically close when certain profits are reached and set up future spreads as well.
Market Coverage [15/15]
If you’re looking for diversity then you will certainly be able to take advantage of what this brokerage has to offer. Currently, their platform provides access to more than 8000 markets so you can spread trade on sectors where you have experience in or explore other markets such as forex, indices, shares and commodities.
Minimum Deposit [8/10]
Opening a live trading account only requires a minimum initial deposit of £100. It maybe a bit higher than the deposit requirements of other brokerages out there but the benefits are far better.
Spread Betting Advantages [18/20]
Among the strongest advantages of City Index is that they offer tight and fixed 1pt spreads even on major instruments such as the UK 100 and the Germany 30. You can go short or trade on falling markets and still make a profit if your speculation is correct. They also provide market news, videos and analysis so you are always updated giving you the opportunity to make better decisions on where to spread bet on your trades. There’s also a comprehensive Trading Academy which can help you in improving your skills and knowledge regardless if you’re a beginner or an experienced trader.
Customer Support [13/15]
The availability of a reliable support is also very impressive which makes them an ideal broker of choice for spread betting. They are available 24/5 and can be contacted by live chat, phone (with a local UK number and also an international number) or email. There’s also a comprehensive FAQ section which provides detailed information about their services.
This a global spread betting provider has been in operation for more than 30 years already which is a solid indication that they are a stable company. They are also authorized and regulated by the Financial Conduct Authority (FCA) which means that they are in accordance with their regulatory guidelines.
With City Index, you can spread bet on wide range of markets, a feat that is yet to be surpassed by other brokerages. They also have advanced platforms which will let you customize your spread bets giving you more control over your trades and lock in on your profits more efficiently. The availability of a reliable support is also very impressive which makes them an ideal broker of choice for spread betting.
Total Score: 87/100