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Spread Competitive- ness |
Degree of leverage available | Total markets covered |
Min stakes £ |
Sign-up offers? |
Demo account? |
Mobile trading |
24hour trading |
Global clients accepted? |
|---|---|---|---|---|---|---|---|---|---|
| www.cityindex.co.uk | Average | Low | 0.5 | £300 trading credit |  |
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City Index may not be the most competitively priced, but it does offer lower minimum stakes than the majority of the bigger players in the market (other than ETX Capital). It also offers a decent sign-up bonus of up to £300.
| Spread competitiveness | Average |
| Leverage available | Low |
| Offers | up to £300 |
| Min stake | £0.5 |
| Demo account | Y |
| Mobile traing | Y |
| 24 hours trading | Y |
Note - Spreads & leverage mark based on overall market comparison
| Market | Spreads | Margin |
|---|---|---|
| FTSE100 daily | 1 | 60 |
| Euribor | 2 | 30 |
| Brent crude oil | 6 | 320 |
| Gold | 4 | 350 |
| EUR/USD | 1 | 140 |
| UK 100 shares | 0.1% | 5% |
| UK 250 shares | 0.8% | 15% |
Note - Spreads reflect trading hour spreads at the time of research. Spread betting company do vary their spreads significantly based on the timing of purchase, in particular for purchase outside of trading hours.
City Index is one of the market leaders for spread betting and CFD trading. The company was established back in 1983, and is now part of IPGL – a privately owned company who also has a considerable shareholding in leading derivatives broker ICAP plc.
Offices
The City Index group employees over 600 staff worldwide, including offices in the UK and US, as well as Australia, China, Singapore, and Poland. The number of trades processed each month exceeds 1.5 million, andthe company caters for people trading in over 50 different countries.
Markets
City Index provide thousands of markets, including indices, shares, currencies, commodities, bonds, interest rates and more. City Index are "committed to providing a market-leading service based on fair and transparent prices, accessible technology and customer support."
History
Over almost 30 years, City Index has grown to become one of the world’s leading providers of Contracts for Difference, forex, and in the UK spread betting.
1983: Established as one of the UK’s first spread betting providers
2001: Launched Contracts for Difference in the UK
2005: Acquired FX broker IFX Markets, and spread betting provider Finspreads.com to consolidate our position as one of the market leaders
2006: Opened offices in Sydney, Singapore and Shanghai serving clients across the Asia Pacific region
2008: Acquired FX Solutions, a US market leader in retail and white label foreign exchange services to expand our global reach across the USA and into the Middle East
2009: Launched City Trading™ – the first spread betting and CFD trading App for the iPhone™
Jan 2011 - City Index fined by the FSA for 'not providing accurate reports'.
The FSA reported that City Index had been fined $783k for not providing details of financial transactions over a 2 year period. Read the full story here.
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