CFD Broker Summary
City Index has actively offered its services by giving traders access to the CFD markets for more than 25 years and holds its place as one of the most popular broker providers in the UK. The company’s focus tends to center on providing traders with low trading costs and flexible margin requirements, which is generally something seen as attractive by new traders. Relative to the competition, City Index remains strong in these areas, offering CFDs as a leveraged product, where enhanced returns can be seen on your investment. City Index offers CFDs for more than 12,000 trading instruments, one of the most attractive offerings in the industry.
Trading Markets Offered
City Index offers a widely diverse variety of CFD trading assets that are divided into stock indices, individual company shares, industry sectors, forex, metals, other commodities, bonds, interest rates, and options. With City Index, traders can take advantage of low commissions for these markets, tight spreads and margin levels that start 1%. Traders from all asset backgrounds can select from 12,000 global financial market instruments, which is far more than most traders could even think to use in an entire trading career. But what sets City Index apart from the rest of the competition is its ability to keep financing charges low, even when dealing with less common, low liquidity asset types.
The platform that is used by City Index is also a propriety web based program, which can be accessed on a variety of devices (including mobile devices like the iPhone, Blackberry, and other Android devices). The City Index CFD platform is relatively unique, in that the application allows traders to change between a spread betting platform and a CFD platform, eliminating the common need to change trading stations when different types of positions are established.
The Platform will enable you to place trades 24 hours a day, with a secure connection geared toward execution efficiency. The platform includes real time financial news, as well as strategical analysis reports that are regularly released by the Dow Jones Newswires. The software also has a “multiple watch list” feature, which will allow you to monitor potential trades that have not been executed. The web based platform can also be accessed from any computer with an internet connection.
City Index offers one of the most attractive incentive programs in the business. Traders choosing to open a new account with an initial deposit of £1000 will get an instant rebate credit of £250. This is one area that sets City Index apart from the competition and shows that the company is focused on attracting new traders in this quickly growing industry.
The City Index Learning center is one of the best industry, with real time news and analysis that is updated for each trading session. In addition to this trading strategies are discussed by a wide range of guest commentators, who release blog entries that are made available to clients. Markey analysis videos and trading floor updates are also released regularly, and this is something that is likely to attract more experience traders who also incorporate fundamental analysis into their trading plans.
The charting package in the trading platform offers free software with all of the commonly used technical indicators. All markets and time frames can be accessed and interchanged, so technical traders will have the tools they need to place new entries.
Site Strengths/ Weaknesses
Site strengths rest mainly on the guest trading commentary, as these resources are extensive and will cater to most trading styles. Weaknesses are seen with commission charges that are placed in certain credit card deposits and the lack of a live chat support service.
City Index is well known as an industry leader, and most traders will argue that the company deserves its reputation. The trading station is easy to use and reliable, trading fees are reasonable and their 25 years of service has enabled them to understand the needs of new and experienced traders. There is little downside when choosing a reputable CFD broker of this type.