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CityIndex.com

Discussion in 'Forex Brokers' started by Administrator, Dec 15, 2010.

  1. Administrator

    Administrator Just Administrator :-)

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    #1 Administrator, Dec 15, 2010
    Lasted edited by : May 31, 2018
  2. barry101

    barry101 Private

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    I was with GFT Australia on their MT4 platform. A month ago, they closed down and accounts were transferred to City Index Australia, and I agreed to that.
    The only way I knew the name City Index is that Ashraf Laidi used to work for them in the UK, and I would read his daily commentaries.
    Back to the change from GFT to City Index, the changeover information they provided said they offered 400:1 leverage, but when I tried I couldn't change from 200:1 to 400:1, and their Live Chat rep looked into it and came back with the information that as I had a "native MT4 ac" I would be limited to 200:1, and if I wanted 400:1 I would need to apply for a new ac.

    So I give them a minus for misleading information initially, and a plus for good Chat help, offering 400:1 at all, and being in Australia and regulated by ASIC. Now I have to decide whether to open a new account and transfer my cash to it, or leave them and stick with ICM, Pepperstone and Axi. Before I decide what to do, I'd value any other views & experiences with them. Thanks for any help.
     
  3. Badar208

    Badar208 Recruit

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    I traded in live acc with $300/-. After my equity reached $430/- .I tried to close 4 trades which were in profit but even after 2 days of constant trying I could't close as I was getting the message"off quotes" After 2 days the equity dropped to $370/- still the trades are not closing. I never saw the spreads so high like City Index brokers.I have confessed 100% true.There is no meaning of trading with them.
     

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