Authorised and Regulated by the Financial Conduct Authority. FCA Register Number: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
They may not be suitable for everyone. Developers can show information here about how their app collects and uses your data. Learn more about data safety No information available. City Index is a great platform, but the new app is fussy and on a smartphone has too much crowded information on the screen. I much preferred the old version. I think that someone who needs all the new stuff is probably going to be on a web platform, not using an app on a smartphone.
There is also an issue that their IT is trying to sort out. I use the same app with two different accounts. One account works fine, but the other cannot display the live graphs and charts. Really can't fathom why I can't start a new trade when already looking at a position. If one wants to hedge or to increase a position then you have to go back out, find it in a watchlist, and come back in. Valuable time and money lost.
Equally I ought to be able to get to news and market information about a position from the positions screen. City Index website is packed with quick references and info on a single page like the idea was to put as much material the visitor can digest. Other domains used by City Index are cityindexasia.
While the broker services and the website look very promising, professional, and rich, user ratings among the benchmark sites are alarmingly low. This City Index broker review will cover service areas to point out what is behind the lines that could be the reason for a bad image if justified at all.
City Index has 3 account types that are differentiated mostly through leverage directive limits. Still, there are some other benefit differences as stated by the broker. As many experienced traders may guess, Professional trader is for those that qualify and pass the ESMA requirements.
These are:. Meeting two of these criteria is enough to qualify. The main benefit is the increased leverage allowance and everything City Index adds on like client funds segregation, Priority Service, Credit Facility, dedicated broker-assisted dealing, Relationship Manager, Rewards and Premium events, and additional Dataminr tool. Interestingly, the table also states the MetaTrader 4 and AT Pro proprietary platform as reserved for this account type, but this is just for marketing.
Note that as a Professional trader you will also lose some benefits other account types have. Premium Trader Account is differentiated by having a Priority Service, Dedicated relationship manager, Broker assisted trading, Loyalty rewards, and Hospitality events. Traders using this account type will not have increased leverage and will be under the ESMA limits.
According to the broker, this account type is by invitation only. Most of these features are not enough to attract experienced traders except the market range. Tools provided for this account type are not explicitly promoted but they are the same as with the Premium Trader.
More on this in the Education and Tools section of this review. Metatrader 4 platform requires a separate CFD trading account. The offers and features on the Advantage Trading platform are different than what you can expect in the MT4. This account type requires a minimum deposit, contrary to the Trade Account and others that rely on the Advantage Trading platform. City Index follows the usual steps of large market maker brokers and has their trading platforms. The platform is updated to the latest version, set to the default setting with classic 4 forex charts open.
There are no additional templates or custom indicators packed with the installation. One-click trading buttons are not visible so traders will have to manually turn it on. Symbols list has a lot of groups for the same asset class, so for Forex currency pairs we have noticed a total of 10 groups without any apparent grouping pattern or practical sense.
Similar is done for the Indices. The instrument specification window is not showing information for the swaps or trade sizes. As stated by the broker swap information is presented as separate entries in your account history. Upon further investigation, we have noticed the Company Tab in the Terminal window where swap information is disclosed and updated. This tab also contains other links to the chat service and so on. Some links are dead making the whole Company Tab dysfunctional so you will have to restart the MT4 client.
This is an unusual practice, swaps are not disclosed anywhere on the website. While online for 24 hours the platform signal dropped 2 times. Execution time is ms on average with almost no deviation, providing traders consistent experience. AT pro platform installation can be standalone or portable. The amount of features exceeds those found with the MT4. Starting with the top frame menu, traders will be intrigued and explore what each section has to offer.
Markets tab is all about the market watchlist where traders can use the search and filters to pinpoint their interest. Charting options are extensive, most interesting are over indicators to insert, chart linking, resizing and movement, Renko chart type, measurement and viewing tools, tick and other non-standard timeframes like 3m, 2m, 10m, H8, and so on.
Drawing tools are also very good with all Fibonacci functions, Gann, channels, freehand, shape, and lines drawing. Chart templates can be saved, managed, cloned, and restyled. Research and Analysis tab will hold a great range of services for this purpose. The Newsfeed is from Reuters and related feed is available next to each instrument or on the chart, while the Economic Calendar is good looking with filters for Country, Category and market impact.
Additional filtering can be set according to the timeframe. Clicking on the event will open the description, link to the source and data figures. Price alerts can be set on the chart context menu with options for GTC or on time, ringtone setting and comments for the alert.
Then, there is the My Account tab for all accounts and funds management. Appearance customization options are also great, you can change the platform skin to dark, light and white, change the menu behavior, language, manage workspaces, windows and so on. Probably the most interesting section is the Automated trading. This platform supports many pre-made algorithms that have descriptions and a range of settings for customization.
Traders who are good with coding can also make their own and import them. AT Pro platform has a builder that can be used for indicators building and trading systems. Custom made systems for this platform are not as available as with MT4 to download. However, City Index forum exists for this and as we have found there are 8 additional systems to download and one indicator.
Searching the internet users can probably find more elsewhere. Strategy backtesting is also available for any trading system with a good setting range for finetuning. Margin calculator is integrated for easier Risk Management. Partial closing is supported for better scaling in and out, with the ability to use FIFO. Unrealized profits from trading will be used as margin and positive slippage is not filtered.
Guaranteed Stop Loss is also offered and the premium for this service is only paid if the order is triggered. Swaps information is available as well as trade sizes and more, yet, execution times are not available to see. We have manually measured this time and it is roughly 0. AT Pro platform is well made and traders used to MT4 will not need much adaptation, the help section is very useful and structured.
City Index adheres to the ESMA regulation and therefore offers the maximum leverage of for all trading instruments. These apply for Retail traders that do not qualify for the Professional category. Minors and crosses mostly have while exotics are mostly which is the lowest leverage offered for Forex.
For shares, the leverage is from while Indexes have Gold futures and spot CFDs have leverage while other precious metals like Platinum and Palladium have Commodity assets all have regardless of the contract type. Cryptocurrencies leverage is not published on the website but from the platforms, we have noted leverage for all coins. The leverage is dynamic according to the trade size. For the exact margin structure, traders can see in the information window in the Advantage Trader platform.
Professional traders have increased leverage as a result of their proven understanding of the market risks. According to the table, For Forex instruments the leverage is up to , the same is for Indexes. Shares have while cryptocurrencies can have MT4 trade sizes are in micro-lots or 0. Note that the trade sizing information is not available in the MT4 instrument specification.
For other types of Forex contracts, trade sizes are in currency units and are from or 0. Minimum order distance varies for each currency pair but is not over 15 pips for the most exotic pairs, most are under acceptable levels that should not influence fast trading strategies. There is no minimum required order distance for crypto. Precious metals trade sizes are form 1 to units.
Taking everything into consideration, these trade sizes are not common for MT4 users and they will need some adaptation. City Index has commissions only for shares. The commission has a minimum of 10 currency units and 5 AUD for Australian shares as per AT platform market info, also charged per share 1. Shares are not available on the MT4 platform, therefore no commission is charged for any tradeable asset.
Swaps are not presented in the specification window in the MT4 but are charged. For details, traders can see exact swap rates in the AT platform as these are not published on the website or any documents.
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|Forex strategy master free download||WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently. Forex traders have the option to explore the market using more sophisticated trading tools and advanced charting packages. City Index user reviews often highlight how many stochastic forexindo kang additional features are on offer, including:. If one wants to hedge or to increase a position then you have to go back out, find it in a watchlist, and come back in. So as you have probably gauged, they focus their operations in four main regions:.|
|How to learn forex||City Index has been serving Australians since and has an office based in the heart of Sydney. The MT4 platform has the Commodities category but with fewer assets listed. City Index Leverage Structure A key component of a City Index review for beginner and experienced traders trying to decide whether this platform is right here them is the leverage structure. Comment: The broker boasts a large set of trading tools, including hedging and scalping. The platform is regulated by the FCA. City Index also offers forex options and forwards.|
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City Index provides only forex, CFDs and crypto trading. The fees for stock CFDs are high and the desktop trading platform is not user-friendly. Pros, Cons. City Index is a forex broker that's been around since View our updated City Index Review of its spreads and trading tools here. Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market.