CityIndex is without a doubt one of the largest and most reputable spread betting and CFD trading companies out there. The company was founded in 1983 and has a very solid track record. Through lots of M&As CityIndex was able to grow rapidly and right now thousands of traders are using their innovative platform and enjoy trading with several thousand shares.
CFD trading at CityIndex
There are lots of options at CityIndex: Indices, Shares, Currencies, Metals, Commodities, Bonds, Interest Rates and Options. All of them are very interesting if you follow the right information. For example trading with bonds or interest rates can be very lucrative and this is something that not every broker offers, especially no Forex broker that allows to trade with CFDs besides. Although there are plenty of opportunities, trading with shares and indices is most popular. Keep in mind that CityIndex is a UK based company and you’ll notice that when you take a look at their offered shares (British companies are most common and popular). Overall, the trading options at CityIndex are great and it’s unlikely that you wont find anything you can trade with other brokers.
CityIndex offers a so called “Learn to Trade” program where novice traders have the opportunity to trade with only 25p per point. This gives you the chance to start trading with a smaller bankroll compared to other CFD brokers.
CityIndex offers a so called trading simulator where you can start trading without using real money. This is a standard offer every CFD broker should have but keep in mind that trading with demo money can’t be compared to trading with real money. So we recommend that you only use this trading simulator to get used to the platform.
The CityIndex platform is browser based and you don’t find a downloadable client. This is pretty standard amongst CFD brokers and you wont have any troubles getting used to the CityIndex browser platform. It’s very intuitive and you will get used to it very quickly.
You can also trade with your mobile at City Index. They offer Apps for iPhone, Android and BlackBerry.
Facts about CityIndex
Maximum leverage: 150:1
Available products: CFDs, Forex, Futures, Options
Trading Platform: Browser based platform
Regulation: Yes, FSA
CityIndex is one of the largest brokers out there – for good reasons. They offer a wide range of products (over 12.000 shares worldwide), a very intuitive and easy to use trading platform, a solid English speaking support and a free demo account. The spreads are a bit higher than at Capital Spreads but still absolutely ok. If you’re looking for a reliable CFD broker, City Index should be on top of your list.