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CityIndex SG

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CityIndex SG Review

  • • Excellent variety of trading platforms
  • • Extensive array of tradeable assets across numerous global markets
  • • Amazing customer support
  • • Highly regulated
  • • No bonuses or promotional offers

CityIndex Singapore is an internationally recognized online trading brokerage who specializes in Forex and CFD Trading on a wide range of financial assets. The brokerage has over 30 years of experience in the trading industry as the broker was established in the UK back in 1983. Since then, CityIndex has built an outstanding reputation and became a leader in the global markets with head offices in the United Arab Emirates (UAE), Singapore, United Kingdom and Australia. The Singapore division of the broker is owned and operated by Gain Capital Singapore Pte Ltd. with their main headquarters located in the heart of the Central Business District in Singapore. Being based in Singapore, the brokerage is registered and regulated by the Monetary Authority of Singapore (MAS). CityIndex is also regulated in 7 other jurisdictions and accepts traders from most everywhere in the world, but the MAS regulation covers most of their Asian market. One of the largest differences of the CityIndex Singapore division is that they do not support Spread Betting, but rather Forex and CFD trading. CityIndex is a well-established trading brokerage, but how does it stack up with the competition? In the following review we’ll delve deep into the aspects that make up this online trading brokerage and see what sets CityIndex apart from the competition and whether or not they can be trusted.

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Trading platform

CityIndex offers their clients a whole suite of award winning trading platforms to choose from. For instance, CityIndex features two of their very own proprietary platforms; a web-based platform known as the Advantage Web platform, and a downloadable platform known as the AT Pro platform. Both these platforms are highly sophisticated and feature a wide array of technical indicators, tools and analysis features, complete charting packages, and more. Also, in addition to these two platforms, traders who want to stick to what they know, have the option to use the ever popular MetaTrader 4 (MT4) trading platform. Another point worth mentioning is the mobile trading capability of the Advantage Web platform made available through mobile applications on both Apple and Android smart devices. Also, the MT4 platform has downloadable applications for mobile devices as well. See below, some of the key aspects that these trading platforms offer traders.
• Powerful charting capabilities (multiple chart layouts, customizable charts, extensive drawing tools, multiple chart types, trade directly from charts, over 80 technical indicators)
• Advanced trade execution technology
• One-click dealing mode for faster trading
• Pre-selected dealing sizes to save time and make trading easier
• Adjustable price tolerance settings for mitigating risk

Exchange Markets

CityIndex Singapore features a very extensive range of tradeable assets across numerous markets. Compared with most other online trading brokers based out of Singapore, CityIndex has them beat by a long shot by offering numerous tradeable assets across 6 diverse markets. These markets consist of Indices, Shares, Forex, Cryptocurrencies, Commodities, and Precious Metals. In total, traders have access to 4500 tradeable assets across these markets. While this number is significantly smaller than what other CityIndex divisions offer, it is substantial for a Singapore based trading brokerage. See below, some keys aspects of these markets.
Forex
• 84 global forex pairs
• Tight spreads from 0.5 points
• Major, Minor & Exotic currency pairs
Indices
• 17 major indices from Asia, Europe, the US, and Australia
• Trade on Margin from 5% on global indices
• Spreads from 0.4 points
• 24-hour trading and support
Shares
• Over 4500 global shares
• Commissions from 0.08% SGD 10 on Singapore Shares
• Trade on Margin from 10%
Cryptocurrencies
• Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple
• Trade cryptocurrencies without owning any of them through CFDs
• Go long or short on cryptos
• Risk management tools
• Tax efficient trading
Commodities
• Trade 26 commodities
• Spreads as low as 0.06 points
• Zero commission trading and no Financing fee
Precious Metals
• Gold, Silver, Copper, Platinum, Palladium
• Zero commission trading and no Financing fee
• 0.5 market spread on Gold trading

Fees and commission

CityIndex Singapore offers their traders very competitive pricing through their zero commission trading and tight variable spreads. Spreads are lowest on the CFD account with floating spreads starting at 0.5 pips and averaging around 0.7 pips on the EUR/USD Major currency pairs. As for the Forex account, spreads are much higher with an average spread amount of 1.6 pips for the same currency pair. All in all, CityIndex has very reasonable fees and are better priced than many other online trading brokerages. Also, they are very transparent with their fees, and all information regarding fees for various assets can be found on their website.

Security and fairness

CityIndex Singapore is a highly secure and transparent online trading brokerage who provides safe and fair trading to all their clients. CityIndex is registered and regulated by the Monetary Authority of Singapore (MAS), which helps to ensure the brokers integrity and transparency in the financial markets. As well, client’s funds are held in segregated accounts which protects their money in the event the broker becomes insolvent. Also, every transaction and collection of customer data and information is secured by advanced encryption technology. CityIndex takes security and fairness very seriously and has remained a fair and reputable broker for over 30 years.

Support

CityIndex Singapore offers their clients exceptional support that’s available 24 hours a day, 5 days a week from Monday – Friday. Customer support representatives can be reached via email, live chat, telephone, and through various social media channels. Additionally, traders will find loads of helpful information on the CityIndex website. For example, the site has an extensive FAQ page, numerous explanatory paragraphs on various topics, and a very resourceful training center. Customers of CityIndex can easily find all the support they would ever need and deal directly with the Singapore support division.

Conclusion

CityIndex Singapore is a leading trading brokerage with a massive global presence. They offer an extensive range of tradeable assets across nearly every type of market. As well, traders have the choice to use multiple award-winning trading platforms that are packed with sophisticated tools and features and accommodate both beginner and advanced traders. CityIndex also provides an exceptional level of customer support and very competitive spreads. All in all, CityIndex Singapore is a reputable trading brokerage offering excellent trading services.

CityIndex Singapore Q&A

The following are the common questions that customers inquired about CityIndex Singapore.

Is CityIndex Singapore regulated?

Yes, it is regulated by the Monetary Authority of Singapore (MAS).

Is CityIndex Singapore a scam?

No, CityIndex Singapore is a legit broker and one of the best choices among Singapore brokerages.

Where is CityIndex Singapore based?

CityIndex Singapore is based in the heart of the Central Business District in Singapore.

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CityIndex SG Reviews by Traders
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Vogue_Italia
90 reviews
Review date 13/06/2018
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The Singaporean branch of CityIndex is very likable. They offer many securities for me to trade with.
Nothing major is wrong with them, City Index is a professional broker.
RudyardK
122 reviews
Review date 11/06/2018
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CityIndex (Singapore) is the most widely acclaimed of the CityIndex branches that exists globally. They are professional and offer advantageous results for their clients.
CityIndex (Singapore) doesn't have any significant negative drawbacks. At least not their Singapore branch.
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