City Index is one of the most innovative spread betting and CFD trading firms in the world. This has come about because of their passion drove towards innovation and growth both their business and their clients.
City Index has been in business for over thirty years, and that means one thing, they have weathered very tough financial times that have occurred during their tenure as a trading firm and they have come out on top.
This acts as an affirmation that they are a professional trading firm that has put its business able to absorb risky market conditions and still come out on top.
City Index Review
City Index is the trading name for GAINS Capital UK Ltd, which is a subsidiary of GAINS Capital Holdings, Inc which is listed on the New York Stock Exchange as (NYSE: GCAP).
This gives it an upper hand as a reliable broker with cross-listing regulations that put the company in a position to be continually vetted for any malpractices, and this makes it safer for the clients who conduct their business with them.
GAIN Capital UK Ltd is registered in England and Wales under the registration number 1761813.
As a provider of financial services they are regulated by the Financial Conduct Authority and their reference number is 113942, they are also compliant with the tax laws and their VAT number is 524837435.
Since they offer spread betting and CFD trading which is not legible for UK Stamp Duty and UK Capital Gains Tax for the aforementioned the clients who trade these instruments are advised to be warned that these can change at any moment.
They have a presence in the UK, Singapore, China, Dubai, and Australia; all these branches are meant to cater for trades from those regions. This is mainly because they have to handle over 2 million trades a month from traders over 50 countries.
City Index has had their fair share of awards in recognition of their innovative trading platforms, services, and innovations meant to advance trading technology.
Their awards have been received by notable bodies such as Shares Magazine, UK FOREX, Money AM, and UK Online Personal Wealth Awards.
This has put them at the helm of brokerage success, and that is why they are such a popular choice in the trading industry.
City Index: Trading Platforms and Tools
City Index has had one of the best trading platforms and trading tools in the business.
They have invested their resources and efforts in ensuring that their clients get the best in order to trade effectively and thus profitably.
They have various classifications of trading platforms; they have the web platform, the mobile platforms, and the downloadable platforms.
These are aimed at every type of trader in the market, and each platform is suited with different advantages that will give the trader an edge in the markets.
The web platform has the following advantages; it offers one-click trading, dealing from the charts directly, it has customizable layouts, it offers and access to multiple charts, and has a watch list where you can put the assets you are trading and access them rather easily than when you have opportunities to capitalize on.
The web platform is also very useful since you can use it anywhere as long as you have access to the internet.
The MT4 platform is one of the most recognizable platforms in the world and thus many traders will gravitate towards it especially traders who like trading using expert advisors or automated trading strategies.
It also comes with a 200:1 leverage and one-click dealing and a comprehensive charting package with powerful indicators that will definitely be useful for the technical traders.
The mobile trading platforms cover the most popular trading mobile platforms, as from android, iOS, Windows to Blackberry.
Most traders want to keep in touch with the markets even when they are away from their computers and the mobile devices offer that possibility, and it is very efficient, and it comes with most of the advantages of the other platforms as well so using it covers you just as well.
They also have trading tools that help the trader with analysis both technical and fundamental, research and trade execution; they are Recognia, Faraday Research, and AT Pro.
Review of Their Educational Resources
City Index knows the importance of having an educated client base and that is why they have been very driven towards creating educational content that is relevant to the type of trading instruments they have on offer.
They have classified their trading into different categories to give their clients an easier time while searching for the area of interest.
They have how to guides on CFD trading, spread betting, and FX trading. They also have webinars for their clients which are conducted by seasoned professionals in the trading industry.
They have a video library that has a compilation of very useful trading videos; these are videos that have trading lessons on fundamental analysis, technical analysis, videos on forex, spread betting, and CFD trading.
The videos also cover the various ways to use the trading platforms and tools offered by the firm.
They have an award winning trading academy that is structured as a competition; eight students are selected, and they have two mentors who will take them through the course.
The eight students are taught how to trade the market effectively to maximize profitability. The trading academy brings the best out of the students because at the end of the course the best student wins 100,000 Pounds.
This is enough money to get the winning student started on their journey as traders.
City Index has a well-structured help and support system that is aimed at giving the client the best help they can get.
They have the live chat service, e-mail service, a contact number, the Frequently Asked Questions page and various social media handles to improve the relationship between the broker and the clients. Generally, City Index has their clients’ interests at heart, and that is the most important assurance that the client can have.