City Index Review
City Index is a publicly traded broker (ticker:SNEX) established in 1983, now a part of Gain Capital. It is regulated by ASIC (Australia), FCA (UK), MAS (Singapore) and other regulatory bodies. City Index offers 4,500+ CFDs and more efficient tax-wise for UK residents spread betting.
In addition to popular MetaTrader platform, proprietary AT Pro and Web Trader platforms are available. Daily market analysis in written and video format is provided by City Index own analysts team.
Please read City Index Reviews below and share live trading experiences with this broker.
Other websites of this company include cityindex.com, cityindex.eu, cityindex.com.au, and cityindexasia.com.sg.
CityIndex is a subsidiary of GAIN Capital Holdings.
|Minimum Trade Size:||0.01|
|Minimum to Open Live:||$100|
|Address:||16 Finsbury Circus London, EC2M, United Kingdom|
|Contact:||email@example.com, +44 203 194 1801|
|Trading platforms:||MT4, WebTrader, MobileTrader (MobileApp)|
|Web Trading:||✅ Yes|
|Mobile Trading:||✅ Yes|
|Cryptocurrencies:||(5+) Bitcoin, Litecoin, Ethereum|
|CFD:||(515+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Oil, Other Commodities|
|Deposit Methods:||Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Maestro, PayPal|
|Withdrawal Methods:||Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Maestro, PayPal|
Recent User Reviews of City Index
but when I started getting back half the lose in two weeks they close my account keep away from CITYINDEX YOU WILL NEVER MAKE A cent FROM THEM THEY ARE THE BIGGIST SCAM,
Deletion of last dollars from bank account due to inactivity
The commission changed from 7 USD to 19.5 USD without notice. I am not sure whether 7USD was a discounted introductory charge or it changed for every one.
Anyway, recently i noticed some very strange activity. on the CityIndex MT4 live account and the CityIndex Live web based trading system (Advantage Web) there was a massive price difference. it was well over 20 pips on more then one pair.
I understand a price difference between different brokers and how the the prices are modified by the broker so they make profit and take your money but this was an internal price difference. They had one price on their MT4 but a different price (More then 20 pip) on their Web based trading platform.
After emailing them with screen shots i was told that it will be escalated to IT and they will let me know (No Response yet).
Lucky for me i had closed my order at a profit but i would have been very interested to see what would have happened because on MT4 it would have shown a loss but it was a profit on their web based trading terminal.
Anyway, best be careful of these guys.
2015-03-29 1Star Cant say Ive had much trouble. Ive made decent profit with this broker however i recently noticed a major issue with their MT4 data. There was a day recently where there was a spike on EUR pairs to the upside however this spik did not happen on their MT4 platform. I know this because i use another brokers MT4 as well and the spike was there. Not only where they different to another broker but they had a different chart on their own internal online trading platform where the spike did occur. So they are showing two different types of data, 1 on MT4 is different to their online trading platform.
Another thing i have noticed is that their times are off on MT4. Once again comparing with another broker, i noticed that although it said for example 7am on a candle, it was off by around 1 hour. This happened many times. It is possible that they control their systems to intentionally stop out traders. Other then that its a shame because spreads and leverage are good.
everytime I went short the price went up and 98% I went long the price went down.
Its clear the way they operate, its a scam ! what a shame on you city index ! its the only dishonest way you know how to make money !
keep well away, when you close a deal the price always go down well below of the current one.
they will clean you up , its a scam . If you complaint they do not care .