CySec is a prominent financial regulator in the European Union, and obtaining a license from it is crucial for brokerages to operate in European Union countries. Check your City Index alternative offers negative balance protection to you, which is a regulatory requirement in some regions. Compare negative balance protection offered by City Index alternatives here.
City Index Alternatives Offering Japanese Stocks and Shares
If you are looking to trade UK stocks and shares with a City Index alternative, the United Kingdom is one of the most stable financial markets in the world. If you are looking for a trading platform that offers similar features to City Index or City Index. Or if you are looking for features that City Index does not offer that you require when trading, we will show you the best City Index alternative options below. The platform is your tool of trade, and you’ll want a clear system that quickly executes transactions.
- City Index has a minimum desposit of $25, you can see how the minimum deposit requirements of City Index compare with the minimum deposits of City Index competitors.
- Both City Index and Forex.com fall under the umbrella of StoneX, ensuring a consistent level of trust and regulatory compliance across both platforms.
- This broker has competitive and transparent pricing, although, like City Index, it does charge an inactivity fee.
- Despite the wide range of plus points, City Index isn’t perfect, just like any other broker.
If the financial markets take an upturn, the trailing stop will increase the stop loss amount to that of the set trailing amount. If the market takes a downward sentiment, the trailing stop order stays in place, and your exposure to the market is sold at your trailing stop order amount. A trailing stop order helps you to profit and mitigate against risk when trading the financial markets.You can see how City Index compares to some City Index alternatives when offering Trailing Stops below.
Stock Market Indices
There are several City Index alternatives that offer great mobile trading applications for both Android and iOS. See how City Index compares against other brokers that offer a Microsoft Windows pc application. A Windows PC application will mean you can access your brokerage account with a click or even open it when you boot up your Windows PC. The Monetary Authority of Singapore is Singapore’s leading financial authority and central bank. If you are considering trading in Singapore with a City Index alternative, then they will need to be regulated by MAS.
Saxo Bank: A Premier Trading Platform for Active Traders
They have many years of experience, offering fast and reliable trade execution speeds, tight spreads and award-winning trading platforms. City Index is an online trading platform that allows users to spread bet and trade CFDs on over 13,500 markets, including forex, stocks, indices, commodities, and cryptocurrencies. It was founded in 1983 and is a trading name of StoneX, a NASDAQ-listed company with over 40 years of experience in the financial markets. It is regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and the Monetary Authority of Singapore (MAS) in Singapore. If you are an active high volume trader than you will want to check all the City Index alternatives to see if you are getting preferential treatment.
Choose a platform that includes essential features like advanced charting tools, technical analysis indicators, risk management tools and order types. We can choose from a wide range of markets and tradable instruments with City Index. There are more than 12,000 markets to trade on, which increases diversity and reduces risk. Not only do can you use AI to help your investments, Public is one of the lowest cost brokerage firms out there. You can also buy and trade fractional shares and if you want to diversify, you can explore a range of alternative investments including music and film royalties.
City Index alternative brokers that support hedging can be useful because they allow traders to open multiple positions on the same financial instrument, both long and short, which can help to offset potential losses and reduce risk. An City Index alternative spread betting broker understands the market perfectly and directs his clients to bet or invest, targeting an asset’s price rise and guiding the client before there is going to be a fall in the money market. Straight through process shortened to STP are where Forex market orders from clients are sent directly to the financial currency markets. Several brokerages offer a range of trading accounts that are great alternatives to City Index. Many customers who use City Index have found it difficult to apply for a live trading account. Although the process is straightforward for the demo account, which requires only an email and password, the same cannot be said for a real City Index live trading account.
Why opt for Islamic Account Brokers
- To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.
- The platform includes a wide array of research and analysis tools and educational resources.
- If the City Index demo account is not your liking, test out the charts, market news and educational resources with a City Index alternative broker demo account.
- If you want to trade exotic Forex pairs, see how City Index compares with its competitors.
The broker provides access to popular trading platforms like MetaTrader 4, MetaTrader 5, cTrader, and WebTrader, catering to different trading preferences. Pepperstone’s website offers an abundance of research and education resources, including market analysis, trading signals, webinars, courses, videos, and articles, empowering traders with valuable insights. While there may be limitations in the product portfolio and an inactivity fee is applicable, Pepperstone’s low fees for forex and index CFDs and absence of withdrawal fees make it an appealing choice for traders. Forex.com is another excellent alternative to City Index, offering a global presence and a diverse range of trading opportunities.
Learn more about Roboforex with this video
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see how all the major and minor forex pairs are performing every day, track how investors feel about every one of those currencies, and copy other people’s trade suggestions from your desktop or the eToro app. City Index’s copy trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. EToro is a multi-asset trading platform that has gained popularity for its social trading features.
From comparisons to direct reviews, we have a range of resources to help you. As expected, City Index takes customer protection very seriously and has several measures. This includes separate accounts to ensure funds are kept separate from the company’s operational funds. Additionally, negative balance protection and enhanced security measures also add to the picture.
City Index is a trading platform founded in 1983 that allows people to trade the financial markets. This is particularly relevant when high-impact market reports are released or unexpected news hits the markets.Commissions can more often then not be paid to your City Index alternative based on the volume of trades completed. Luckily, many brokers no longer charge commission, apart from special cases such as zero-spread accounts.Fees are the other costs that one may incur from a City Index alternative upon completing a trading experience. A common fee is the withdrawal fee, which is charged to your account after submitting a withdrawal request. This can be either an in-house broker-specific platform, or a third-party platform as an alternative to City Index. Whether you’re looking into forex trading for beginners or you’re an experienced trader, City Index is a leading option.
For traders who enjoy trading in commodities, City Index offers access to gold, silver, oil, and natural gas markets. Most City Index reviews state that while most users are satisfied with the accounts offered, they wish there was more choice. This is a point reiterated by city index review many industry experts, who also praise this broker’s educational focus. Strong regulation is another point industry experts point to, along with the longevity of this broker that gives extra peace of mind. In addition to these trading platforms, City Index also offers a high-quality app that is available on both iOS and Android.
Best for Retail Traders: Interactive Brokers
City Index offers virtual portfolio accounts so you can learn their systems before risking any real money. New traders can open a demo account in order to better understand the aspects of Forex trading and test out some of the company’s features before getting a live account. City Index is an industry leader in the world of spread betting and contracts for difference (CFDs). The broker offers a wide range of trading tools and a variety of trading assets.