Is City Index a good forex trading platform?

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You can trade forex as either a financial spread bet or a CFD on it City Index.

City Index Forex Trading Review
City Index

Product Name: City Index Forex Trading

Product Description: City Index won “best forex broker” in our 2022 awards as they offer a huge amount of forex pairs (182), with tight pricing and a wide range of different account types, including spread betting and CFDs.
70% of retail investor accounts lose money when trading CFDs with this provider

Is City Index a good forex broker?

Yes, for forex traders that want a bit of added value rather than just a click-and-trade account, they also offer free Forex trading signals through SMART Signals City Index also provides some insightful analysis of your previous forex trading with their Performance Analytics.


Trading Platform:

On the FX trading platform, currency pairs are listed by major pairs and also separated by base currency so you can easily see EUR, USD and GBP FX crosses. You can trade forex options as a CFD or spread bet. As well as trading FX, you can also invest in the currency markets through a range of ProShares and Invesco ETFs. One really nice feature of the platform is that when you trade forex you can set your price tolerance, so if you want to place a limit order rather than market or fill or kill, you will still get filled within a few pips (depending on how many you set) of your limit rather than missing out entirely.


Trading Signals:

Trading Central is also integrated into the platform, which will show you which currency pairs have the most “market buzz” and see a constantly updated stream of technical analysis highlighting potential forex trades with pivot points, an indication of whether to go long or short, alternative scenarios and key support and resistance levels.

City Index Forex Trading Signals

Pros

  • Smart forex trading signals
  • Post forex trade success analytics
  • Forex trading news, research and analysis

Cons

  • No on-exchange forex futures
  • Forex options only as a CFD or spread bet
  • Pricing
    (4.5)
  • Market Access
    (4)
  • Online Platform
    (4)
  • Customer Service
    (4)
  • Research & Analysis
    (5)
Overall
4.3

Is City Index and forex.com the same?

Essentially, trading forex with City Index or Forex.com is the same thing. Both are owned by StoneX and both offer the same market range and pricing. The only difference is that City Index is available is fewer regions (where index trading is more popular) and forex.com is becoming StoneX’s global brand.

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