City Index Review For Beginners
A step by step tutorial on City Index's offerings including their accounts, spread fees, trading applications and more.
This Video Overview Includes:
📢 Trading products
📢 Account types
📢 Trading Platforms
📢Opening an account
📢 Educational resources
📢 And more...
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0:25 Overview
2:50 Trading platform
4:15 Account types
6:48 Opening an account
8:07 Educational resources
9:15 Awards
9:54 Conclusion
Read our Video Script:
City Index is an award-winning Forex broker that is authorized and regulated in the UK and is a subsidiary of StoneX Financial Ltd. and GAIN Capital Holdings Inc. They are listed on NASDAQ and they currently have more than 35 years of industry experience with nearly 300,000 clients from around the world. City Index offers competitive spreads on all of their account types and there are more than 12,000 Indices, Shares, Forex pairs, Metals, Bonds, Options and Commodities that you can trade through them on the MetaTrader 4 platform. In addition to providing updated, in-depth market news with plenty of articles on trending market topics and a variety of educational resources, you will also be able to use a wide range of trading tools and they offer professional and premium accounts for traders who are ready to take their portfolios to the next level.
As a City index client, you will be able to connect your account to the MetaTrader 4 and the City Index mobile app. MetaTrader 4 is currently one of the most popular trading platforms in the world. It was released in 2005 and is well-known for having advanced analysis tools, thousands of technical indicators, customizable charts, EA and algorithmic trading support and much more. You can download MT4 for free from the official MetaTrader website. You also have the option of using the City Index mobile app, which is designed to be beginner-friendly with all the tools and advanced features that more experienced traders need to take their trading to the next level. The City Index app comes with intuitive, configurable charting tools, real-time price alerts, over 80 technical indicators, adjustable timeframes and personalized watchlists, and you can contact the customer support team directly with the built-in live chat feature.
City Index offers only one type of live account, but there are two types of demo accounts you can open and two types of VIP accounts. If you want to practice trading or test different strategies and features, you have the option of opening a demo account on either MetaTrader 4 or the City Index app. Demo accounts with City Index last for 12 weeks and they come with £10,000 worth of virtual currency that can be used to trade thousands of instruments free of risk. When you are ready to open a live account, you can create a Standard account and make your first deposit. If you’re an experienced trader and you’re looking for a more personalized experience with more advanced trading tools and more flexible trading conditions, then we recommend applying for either a professional account or a premium account.
If you are new to trading then we recommend opening an account with City Index because you can open multiple demo accounts and you will be able to use your demo account for 7 weeks, which is twice as long as most other brokers allow. Once you've opened a demo account, you can visit the “training” section on the website to access a variety of detailed introductory courses, guides on trading strategies and high-quality courses that are designed for beginners and professionals respectively.
There are many advantages to trading with City Index, but what we like the most about them is that they are regulated by multiple top-tier agencies across several jurisdictions and they offer thousands of tradable instruments with accounts that are suitable for absolute beginners and high-net-worth professionals. City Index has been awarded for having one of the best platforms for active traders and their premium and professional accounts will definitely give you a competitive advantage in the markets. Whether you’re opening your first trading account or you’ve been trading for many years, City Index can be trusted with helping you create the portfolio you’ve always wanted!
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