City Index and Forex.com are the same, just different brands. Both are both owned by StoneX. Forex.com is available in more regions. But City Index offers spread betting for UK customers for tax free profits.
City Index Forex Trading Review
Account: City Index Forex Trading
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.
69% of retail investor accounts lose money when trading CFDs with this provider
Is City Index a good forex broker?
Yes, for forex traders who want a bit of added value rather than just a click-and-trade account, they also offer free Forex trading signals. City Index also provides some insightful analysis of your previous forex trading with their Performance Analytics.
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 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.
Pros
- 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)
-
App & Platform
(5)
-
Customer Service
(5)
-
Research & Analysis
(5)
Overall
4.7
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.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
