Yes, trading on the City Index app is a safe way to trade as they are owned by NASDAQ-listed StoneX and are regulated in the UK by the FCA and in all the regions they operate in by the local regulator. However, it’s important to note that whilst financially secure, the City Index trading app offers access to high risk leveraged products like financial spread betting and CFDs, which should only be used by experienced investors who understand the risks.
City Index’s mobile app provides access to 12,000 markets through spread betting and CFDs has just had a facelift with some behind-the-scenes improvements as well.
When I traded on the City Index app I was able to able to access asset overviews, news, and alerts as well as key market info. But, one of the stand-out features of the City Index app is the inclusion of SMART signals and Performance Analytics. Having full access to SMART signals means you can keep an eye out for new trading opportunities and place corresponding trades on the move. Performance Analytics also gives the full breakdown how where you have been profitable or not in the past and provides feedback on whether or not you are sticking to your trading plan. Both, mean that the app has a bit more use than just a way to monitor the market when not in front of your normal trading screens.
It’s a well laid out trading app, with the major instruments front and centre, but also the peripheral markets like sectors, thematic indices (like blockchain, NFTs and cannabis), trending markets and options quickly available. The app also has quick access to popular markets, so you can keep an eye on where the days trading volumes are going.
Using and navigating the app is intuitive, with icon-based menus for markets, watchlists, alerts etc. There is a news feed and economic calendar, as well as technical analysis from Trading Central. You can draw and edit charts on the app and add up to four indicators to them. The mobile charting package includes logarithmic sizing and switches between landscape, there is the usual suite of technical indicators from Trading View, but you can’t execute direct from the chart on mobile yet.
Overall City Index’s trading app is a good addition to it’s main platform and should suit traders looking for stimulus and research on the go.
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
