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Updated on: May 3, 2017
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Regulation:
FCA
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Spreads FromLeverageTrade Min.Account Min.Loyalty ProgrammeMobile TradingBroker Highlights
1 pt Up to 200x £0.50p £100 (suggested)

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  • Award-winning platform
  • Funds are held in segregated accounts
  • Low spreads

Spread Betting & CFDs carry risk. 72% of traders lose with this provider.

City Index –  An Award-winning Platform

City Index is one of the most reputable spread betting providers in the world. With 30 years of experience in the industry, this brokerage offers an extensive range of financial instruments, powerful trading tools and resources, and multiple account types. City Index and City Trading are owned and operated by GAIN Capital UK Limited. This company is fully authorized and regulated by the FCA and is headquartered in England and Wales.

City Index was established in 1983, and now offers clients an estimated 12,000 markets to trade in, including commodities, shares, Forex, and indices. This leading broker prides itself on transparency and fairness and offers professional customer support and assistance to clients. It has operations across the United Kingdom, the United Arab Emirates, Singapore, and Australia. Full licensing and regulation by the Financial Conduct Authority (FCA) ensures that clients are protected vis-à-vis money rules and regulations.

Client deposits are maintained in segregated accounts from company funds to protect against liquidation, or judgments against the company. The Financial Services Compensation Scheme (FSCS) provides guaranteed protection up to $50,000 for clients if City Index is liquidated. City Index and its parent company, GAIN Capital Holdings Inc. (GCAP) is listed on the New York Stock Exchange. As one of the world’s leading spread betting companies, City Index is fully regulated in 8 jurisdictions, and for the full year of 2016, there were client assets of $945 million under control.

To date, City Index boasts an impressive 150,000 retailers worldwide. GAIN Capital was created with a mission of providing both retail and institutional clients with a full suite of spread betting services.

Trading Markets

The range of trading markets at City Index includes indices, shares, Forex, cryptocurrency, and other markets.

Shares include: Barclays, Rio Tinto, Deutsche Bank, Apple Incorporated, and Amazon.

Cryptocurrency includes: Bitcoin USD, Bitcoin USD Mini, Bitcoin GBP, Bitcoin EUR, and Bitcoin AUD.

Indices include: UK 100, Wall Street, Germany 30, Australia 200, and others. A total of 21 indices are available at City Index

Forex pairs include: EUR/USD, GBP/USD, AUD/USD, USD/JPY and others. In total, there are some 84 currency pairs available at City Index.

Other markets include: Spread bettors can trade Forex, shares, and indices in options form, as well as commodities, metals, bonds, and interest rates.

Cryptocurrency Trading

Bitcoin and Ethereum are the two major cryptocurrencies that can be traded at City Index. Financial spread betting on cryptocurrencies allows traders to place trades on price movements of digital currencies. These include buy options and sell options for speculative purposes. The benefits of spread betting with cryptocurrency include the following:

  • Traders can place bets on bullish or bearish markets, by going short in falling markets and going long in rising markets
  • Spread bettors also enjoy zero commissions and there is no stamp duty in the UK. Further, there is no capital gains tax (CGT) on spread betting activity.
  • Spread betting requires a minimal deposit (low margin requirement) and a high degree of leverage.

With City Index, it is possible to go long or short on Bitcoin, with low margin, fixed spreads, and competitive financing options. The Spread Betting options for Bitcoin are listed in the below graphic:

City index crypto

 

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Spread Betting Platforms

 

City Index features award-winning trading platforms that are fully customized for spread betting activity. Among others, they include Reuters real-time news, advanced charting features, and in-depth analysis. Spread bettors have the option of a demo trading account, or a real-money account. Several trading platforms are available, including the following:

  • Advantage Web which includes HTML5 charts, technical and fundamental analysis options, and customizable screens.
  • Mobile Trading Apps these are designed for iOS and Android devices (smartphones & tablets) with 24/7 access your account, real-time Reuters news feeds, live streaming prices, charting abilities, and an economic calendar.

 

There are also downloadable platforms available at City Index, including the following:

  • AT Pro this trading platform offers a sophisticated interface for specialized traders requiring powerful charting and analysis tools. Among the many benefits of this downloadable platform are improved efficiency and greater speed, advanced charting options, and auto trading.
  • MT4 (MetaTrader 4) is the gold standard when it comes to trading financial instruments. At City Index, clients get to access a full range of features, services and trading options with MT4. These include EAs (expert advisors), trading signals, custom indicators, and full compatibility with Android and iOS smartphones and tablets.

 

City Index allows traders to enjoy 1-click dealing mode, preselection of their preferred trading quantities, and customized price tolerance. Further, traders can go long and go short at the same time on the same instrument with spread betting. City Index protects traders by closing out positions if the available funds diminish beneath 50% of the margin requirement. This guards against negative balances. The demo accounts provide instant access to 12,000+ global markets for a period of 12 weeks. All demo accounts come standard with £10,000 in virtual trading cash for clients to practice trading under real market conditions.

Customer Support

Customer support is available through multiple channels including live chat functionality, email support (support@cityindex.co.uk), and a UK telephone number (0845-355-0801). Customer support is available 24 hours Monday–Friday. Other support options include social media: Facebook, Twitter, G +, YouTube, and LinkedIn. Support representatives endeavour to respond to trader queries and concerns in a prompt and professional manner. They are adept at resolving queries relating to spread betting activity, CFD trading, and Forex trading. The FAQ section provides useful information on multiple topics, and should always be consulted as a first resort.

Education

City Index is geared towards educating traders about all aspects of spread betting on multiple assets. These include Forex, shares, commodities, indices and other options. Every page provides actionable trade ideas, customizable charts (16+ charts with 80+ indicators for technical analysis) as well as the powerful spread betting in CFD trading platforms. The latest news updates are provided to make it easier for traders to understand market dynamics, trading activity and the range of options that are currently available. How to Trade sections are supported by training videos, a full education is provided on spread betting, and all the benefits of it are highlighted in an easy-to-follow format. The education elements are particularly useful in that they cover every imaginable component of spread betting activity, including the risks and benefits for clients. The Trading Academy Education Section is a useful resource for spread bettors to access. It provides comprehensive training on all aspects of the financial markets and walks you through the process from novice trader to professional trader.

Safety

City Index is fully licensed and regulated by the Financial Conduct Authority (FCA). The FCA register number is 113942, and the VAT number of the company is 524837435. As an established UK brokerage, this spread betting provider is ranked best in class, and has been offering services to UK traders for over 30 years. Other safety features include segregated accounts to ensure that in the event of liquidation of the company, client funds are safe.

There are also other safety measures in place to minimize client loss such as trading positions that will be closed out if the amount of money in the trader’s account falls below the 50% margin requirement, and the aforementioned Financial Services Compensation Scheme (FSCS) which provides guaranteed protection up to $50,000 for clients if City Index is liquidated. The presence of a demo trading account is another safeguard to allow clients to enhance their trading skills without risking real £s.

  • Dubai regulations – UASE central bank
  • Singapore regulations – MAS
  • Australia regulations – ASIC

 

Site Strengths

  • FCA regulated.
  • Advanced trading platforms.
  • A wide market range including Cryptos.
  • Demo Account.
  • A range of trading tools and news updates.
  • Competitive pricing with low margins.
  • Educational trading academy.

Site Weaknesses

  • Lack of special offers.

Conclusion

City Index is one of the most reputable UK spread betting brokerages. It was established in 1983 and offers a wide range of spread betting instruments to trade. Segregated accounts, premium accounts, demo accounts, and Islamic accounts are available. The minimum deposit is £100 and the maximum leverage is 1:200. A powerful MT4 trading platform ensures that guaranteed stop losses, limit orders, trailing stops, automated trading and other features are readily available to clients. The range of instruments includes cryptocurrencies, bonds, currencies, commodities, stocks, CFDs, indices, and ETFs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk.

 

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