CityIndex AU Review
- Licensed and regulated by both FCA and ASIC and MAS
- Multiple trading platforms
- Demo availability
- A huge list of trading markets
- $200 minimum deposit
- Great charts and strategy tools
- Fantastic trading education resources
- Tight spreads
- Many financial news resources
- Market Maker broker
- Only available in English language
Founded way back in 1983 in the United Kingdom and offering traders spread betting, City Index became a popular trading medium and in 1997, Michael Spencer purchased controlling interest.
In 2001, City Index started CFD trading capabilities in the United Kingdom. In 2005, the company acquired IFX Group which controlled the Forex Broker IFX Markets and spread betting provider, Finspreads.
That is when City Index spread out to the Asia Pacific region and has continued growing since.
In 2014, Gain Capital purchased City Index.
City Index is a Market Maker broker and the maximum leverage at City Index is 200 to 1.
City Index Trading Platforms
City Index offers a variety of trading platforms. So traders have their choice of:
- The popular MetaTrader 4 downloadable system
- AT Pro is also downloadable and allows scripting of trading programs
- Advantage Web is City Index’s proprietary web-based trading system
But it doesn’t stop there; in 2009, City Index also added City Trading which started as a mobile spread betting platform for iphones. It is also now available for Android and Blackberry and CFD trading was added.
So there is definitely a trading platform you can use.
City Index Trading Markets
City Index has a huge assortment of trading markets. Included are:
Indices – Spread betting on 4 major indices and CFD trading on 17 major indices.
Shares – Share trading on
- Australian shares
- U.S. shares
- FTSE shares
- European shares
- and other U.K. shares
Forex – You can trade on 8 various currency pairs.
Metals – 5 metal spreads to trade in.
Bonds – 14 various bond futures and interest rates.
Options – 4 options that include
- UK 100 Options
- German 30 Options
- US SP 500 Options
- and Wall Street Options
Commodities – And 25 various commodities.
So there are a huge range of trading markets.
City Index Customer Support
City Index has various methods you can contact customer service. They have live chat available on the website along with toll free phone numbers. There are also email addresses.
There customer support team will answer your questions and solve any issues you are having.
They are headquartered in London, but have offices in Australia, Singapore and Dubai.
City Index Security & Fairness
Like any financial trading broker who is following regulations, to withdraw your winnings from City Index, you will have to provide them with compliance documents to follow anti-money laundering regulations. These consist of:
- A copy of your government issued photo ID
- A recent utility bill showing your name and address.
- And a copy of the credit card used to deposit.
City Index uses high level encryption so your personal information is safe.
City Index is licensed and regulated by the United Kingdom’s FCA, Singapore’s MAS as well as Australia’s ASIC.
As such, you know that you are being treated with all fairness and your funds are in safe hands.
City Index Summary
Overall, City Index is a great choice for traders if you don’t mind trading with a Market Maker broker.
The company has proven they are trustworthy. They have been in operation for many years and I find very few negative reviews on this broker. The few that are out there are from disgruntled traders who lost money at no fault of City Index.
Leverages will only go as high as 200 to 1.
If you are a new trader, I suggest you take advantage of the huge educational resources that City Index offers and also try out the trading platform with a demo account before risking your own money.
I will give City Index a huge thumbs up as being a reliable and safe broker for spread betting, CFD and Forex trading.