City Index Demo Account Review: Test your trading performance
Account: City Index Demo Account
Description: City Index's demo account lets you trade for 12 weeks with a virtual balance of £10,000 on all the 13,500 markets that are available on the live trading platform.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.
Is City Index's demo any good?
City Index have one of the best demo trading accounts on offer as it is essentially a carbon copy of their live trading platform, which includes trading signals, performance analytics and access to the same broad range of tradable assets.
We have tested the demo platform and reviewed how similar it is to the live trading platform below. You can also see a screenshot of the City Index demo account to give you an idea of the look and feel.
Is pricing different on the City Index demo?
No pricing is the same on both the demo and the live trading account, you also get the same margin rates. you can see this in the screenshot below which shows the exact same DAx pricing in both the live and demo versions. The demo is on the right, and live is on the left, screenshot taken 14:14 29/01/2024
Can you open a City Index MT4 demo account?
No, you can only open a demo of City Index’s main WebTrader platform or app. If you want an MT4 demo, to be honest, there are better options, as in my view City Index’s proprietary trading platform is better than MT4.
Can you trade on the City Index demo with Spread betting or CFDs?
City Index’s demo account is generic so when you log in you see pricing for both spread betting and CFDs where pricing is the same.
City Index’s demo account lets you trade for 12 weeks with a virtual balance of £10,000 on all the 13,500 markets that are available on the live trading platform.
City Index have one of the best demo trading accounts on offer as it is essentially a carbon copy of their live trading platform, which includes trading signals, performance analytics and access to the same broad range of tradable assets.
Pros
- Full demo platform
- All the main features
- Lots of markets to trade
- 12 weeks use
Cons
- Limited options markets
- Some demos offer more virtual funds
- Has a time limit
- Pricing (4)
- Market Access (4.5)
- Online Platform (4)
- Customer Service (4.5)
- Research & Analysis (4.5)
Overall
4.3
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
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