Yes, City Index has a very good trading platform. Based on it being developed in-house, and having proprietary trading tools like performance analytics, and SMART trading signals, plus it’s wide range of markets and advanced execution functionality we rank City Index’s trading platform as one of the best around.
City Index Trading Platform Review
Name: City Index Trading Platform Review
Description: City Index won “best trading platform” in our 2022 and 2023 awards for their trading signals. The trading platform has grown considerably since the acquisition of Gain Capital by StoneX and includes some excellent added-value features like Performance Analytics and SMART signals. When I was testing the trading platform, there were enough signals to discover some additional trading opportunities I wouldn’t have otherwise come across.
70% of retail investor accounts lose money when trading CFDs with this provider.
- Markets available: 13,500
- Minimum deposit: £100
- Account types: CFDs & spread betting
- Equity overnight financing: 2.5% +/- SONIA
- Pricing: Shares 0.08%, FTSE 1, GBPUSD 0.9
On City Index’s trading platform, you can trade more than 13,500 markets, including 40 equity indices, over 10,000 UK and international shares and ETFs, 19 commodities, and 183 FX pairs. This means they offer more markets than most of the other online trading platforms regulated by the FCA in the UK.
Founded in 1983 City Index has a solid and longstanding presence in online trading; its trading platform is a genuine rival to IG and CMC Markets. In major UK markets, City Index pricing is competitive and often market-leading, but can be expensive for Asian markets.
City Index’s free desktop trading platform is web-based, so there is nothing to download you simply log in and trade on your internet browser. You can create and customise your own workspaces and layouts, adding quotes, charts, news and trading signals. However, you can also use City Index’s Market 360 feature to create a top-down view of an instrument in a single click, which contains charts, quotes, news and product information all in one place.
You can trade or place limit orders directly from a chart or you can click on the bid-ask quote at the top of the page in the 360 view. You can instantly access technical analysis, calendars, and newsflow by clicking on the market analysis, but the trading platform’s stand-out features are the SMART Signals, which produces trading ideas based on technical analysis and Performance Analytics which provides constantly updated reports on how to improve your trading, based account history.
Overall the City Index trading platform is very intuitive to use and it has a clean, clearly laid out interface making it suitable for beginners who want a simple platform with trading signals. It is also advanced enough for experienced traders executing large orders and needing post-trade analytics or voice brokerage as backup.
- Smart Signals
- Performance analytics
- Wide range of markets
- No DMA
- No investing account
Research & Analysis
- Expert opinion: City Index reviewed & rated