Another acquisition from parent StoneX is Chasing Returns, now integrated into the platform as Performance Analytics. Which really drills down into where you are trading well and where you are losing money. SMART Signals https://forexbroker-listing.com/ is a new iteration of GetGo, which I tested and reviewed a few years ago. At the time, it was a stand-alone app, and actually quite fun, and did well highlighting some trading opportunities (full GetGo review here).
Alternatives Offering Demo Accounts
Oil, Electricity, and Gas as all in high demand as the world population grows. Having access to more tradeable shares on a City Index alternative means you have greater choice. Greater choice means you can diversify your portfolio with the aim ofLowering your trading risk. Like with everything else, with investment and trading, you have choices based on your preference. Please list the options you are looking for, and explore the options we have provided in each category. While City Index is a great global brokerage, it is not the number one in every trading product.
City Index Alternatives
Forex traders can gain access to forex markets through spread betting, CFDs and foreign exchange spot transactions. The broker provides a great range of tools to encourage traders to improve their trading skills and knowledge. These tools include a selection of order execution types, market intelligence and a powerful research portal to help you identify potential trading opportunities. I found them to have an excellent selection, up there with what Markets.com have available.
City Index Platforms Summary
Your mobile brokerage app lets you check trading activities on the go. When choosing a City Index alternative brokerage, check if it is compatible with your Windows OS. Running an old version of Windows might create problems in loading up your broker site.For your windows trading platform to function at its best, ensure your Windows operating system has the latest updates installed.
Better Financial Regulation
You can learn more about our independent review process and partners in our advertiser disclosure. We may receive commissions on purchases made from our chosen links. You cannot use city bank cards to fund accounts with any spread providers. But you are safe if you did so, the amount would simply be returned to the source if you mistakenly transfer the amount this way.
- Always advertising on billboards in the City, always having a colourful client base, always being bought and sold at the whim of billionaires and bigger boys.
- With a keen understanding of the financial industry and a commitment to driving innovation, Luke continues to make significant contributions to Benzinga’s mission of providing high-quality financial news and analysis.
- Eligible clients are also protected by the Financial Services Compensation Scheme (FSCS) and in the event of liquidation, clients may be entitled to compensation through this scheme.
- If you are serious about trading you may be looking for a City Index alternative with abetter set of features and fees that match your trading requirements.City Index is no exception to the rule that no broker is flawless.
- The platform is easy enough to use for new traders whilst having enough advanced functionality for the more experienced investor.
- City Index also offers a variety of trading platforms, including Web Trader, TradingView, MetaTrader 4, and AT Pro.
I am always checking the latest market news to help me with my trade decisions. Traders can fund their live City Index accounts with several reliable and efficient banking methods. You can use a debit or a credit card by Maestro, Visa or Mastercard. Another option is to top up your balance with the PayPal service as long as your e-wallet account is set up in GBP, USD or EUR. The deposit amount will then be converted into the base currency of your City Index account.
Deposit Methods
If you are looking to take your trades on the go, you can do so with the help of the dedicated apps for Android and iOS. City Index clients have a choice from spread betting and CFD trading with major cryptocurrencies like Bitcoin, Ripple, Bitcoin Cash, Ethereum, and Litecoin. Spread betting is the more popular option among those who trade with this platform. It offers multiple benefits, including the absence of commissions and taxation. At City Index, Forex traders face minimum spreads of 0.5 for major pairs like EUR/USD and AUD/USD while those for GBP/USD and EUR/GBP are slightly higher at 0.9. Experience investors get the chance to open Professional Trader accounts where they will benefit from lower margins and spreads.
The Australian Securities and Investments Commission is the prime regulatory authority for Australia. When looking for global brokerages, check if they have an ASIC regulation. Having that would mean that you have some level of regulation and protection when trading on the Australian investment market. If you happen to be against receiving or paying interest, you should check out brokerages that offer the opening of Islamic accounts and operate in the Islamic markets. Many city index reviews offer multiple apps on different platforms that allow more accessible trading activities. Overall, the LSE is a highly respected and reputable financial institution that plays a vital role in the global financial landscape.
It also has a customisable economic calendar, real-time news from Reuters and analysis portal that automatically scans the markets for chart patterns based on technical and fundamental analysis. This can save time from manually researching the market and present potential trading opportunities. City Index offers guaranteed stop-loss protection for a premium as well as a sophisticated set of conditional orders within their trading platforms. Oddly, the firm’s small Singapore branch utilizes two-factor authentication for added security, but this useful feature wasn’t found at the U.K.
Cryptocurrency trading is done by buying and selling cryptocurrency coins through an online crypto exchange. Cryptocurrency trading can also be conducted through Cryptocurrency CFD trading. You are speculating on the price movements with your broker.Cryptocurrency trading is like Forex trading, where fiat currencies from across the globe are traded 24 hours a day, 7 days a week, as the prices go up and down during the day. City Index is a renowned UK trading platform brokerage established in 1983. Currently City Index serves around 14,000 registered users worldwide. EToro is a multi-asset platform which offers both investing in stocks and cryptoassets, aswell as trading CFDs.