City Index – a review of the British trading platform. Feedback from traders

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City Index – British Trading Platform

✅ This Trading Platform is available in Russia

Review of famous financial brokers: City Index

Brokers operate on the global financial market, the history of which, for the most part, begins in the 2000s, more rarely in the 1990s. How many companies can boast that already in the 80s. 20 century, they provided financial services to investors, managers, consultants or individuals? Units And this group of “long-livers” includes the City Index broker, which is quite famous among professional traders and investors. Established in 1983, the company successfully worked in the market of financial betting services, being one of the first exchanges in the UK, which made it possible to make money by changing the rates of financial instruments.

Almost until 2020, the broker was a legally independent firm, but nowadays it has been absorbed by stronger competitors. Today, this brand is owned by GAIN Capital UK Ltd (a division of the famous British holding GAIN Capital Holdings, Inc.).

How City Index cares about its customers

The administration of the presented company states that their trading platform is one of the world leaders in online trading, as well as the largest supplier of CFD contracts. As far as this statement is true, only specialists who are professionally involved in such issues can say. The task is greatly complicated by the fact that the global financial market is constantly evolving. New participants are coming, suddenly powerful institutions or wealthy investors are suddenly declaring bankruptcy to significantly “raise” the rating of mediocre companies, etc. But if you even conduct a superficial City Index survey, you can be sure that the broker is among the strongest companies.

User security

The application and well-known platforms prepared for the City Index ensure fast data processing and reliably protect clients’ operations from the impact of external negative factors. Mandatory verification of personal data is a serious, and often insurmountable, barrier for fraudsters, lovers of “laundering” income of dubious origin, and other dangerous customers. Due to this, the resource does not attract the attention of Interpol and representatives of other law enforcement agencies, and traders can work without fear that the website can be blocked at any time by police officers.

On the website of the company you will find: a phone number, an e-mail address and an online chat to communicate with representatives of the broker. Qualified specialists will help you in the shortest possible time to solve technical and financial problems that have arisen in the process of working on the trading platform.

Regulator

But the most convincing evidence of the reliability and security of a broker is the presence of a reputable financial regulator. In this case, the functions of the controlling organization are performed by the FCA (Financial Regulation and Supervision Authority). It is worth paying attention to the fact that the authoritative British regulator has been cooperating with GAIN Capital UK Ltd for more than 15 years. During this time, the broker has provided FCA employees with a huge number of reports proving that the company has the right to work in the global financial market. For many experienced traders, this information is quite enough to register a login to the City Index, as well as recommend a broker to your friends and acquaintances.

Training

Apart from a rather extensive introductory section on the broker’s official website, which describes the main nuances of Forex trading, it can be said that there are no full-fledged training courses on this trading platform. Another serious drawback of the site (for many of our compatriots) is the lack of a Russian-language version of the web resource. Although many experienced traders who have never studied English, are well versed and know how to make a deal without the help of an interpreter.

The availability of a demo account on the City Index largely compensates for the lack of full-fledged training courses. This feature is available to all users, and virtual 10 thousand British pounds make it possible to develop your own strategy for the game on the trading floor.

Characteristics and key indicators City Index

Despite the vast experience of work, the broker in question, in some positions, is much inferior to even less reputable companies. For example, as mentioned above, on training, which is practically absent in the City Index. Also, the site does not have an account management service and binary options trading. There is no bonus program and no contests are held, and automated trading is limited to advisors who are in the set of terminals.

Trading Terms

Studying the reviews compiled about the City Index, one can notice that some users are dissatisfied with the conditions offered by the broker. In this case, the solid “age” of the company causes various misunderstandings. Throughout its existence, the broker changed some parameters, which is quite natural for any participant in the global financial market. As a result, today, companies attribute the minimum deposit to 100 British pounds and 250, as well as the complete absence of restrictions on this indicator (the last option is relevant).

● The minimum lot is 0.01.

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● Trading leverage – up to 1: 400.

● Base currencies of accounts – British pound, euro and US dollar.

● Islamic account – no.

● Affiliate program – there is.

● Estimated level of income – up to 80%.

How to withdraw money or deposit money

Looking through brokers’ ratings, it’s hard not to notice that reviews written about the City Index (even if the author is positive towards the company) emphasize ways to deposit / withdraw funds. Indeed, in our time, two options for solving this problem (bank transfer and plastic card) are very few. The administration of a web resource needs to urgently solve something and look for ways to solve this problem.

Trading assets

Users of the trading platform are given the opportunity to enter into transactions using the following tools:

Despite solid experience, reputation, and other positive factors, the City Index broker needs, as quickly as possible, to eliminate some of the negative aspects that may alienate potential users. First of all, it concerns training, ways to replenish the deposit, as well as a very slow verification procedure. If you eliminate these defects, the company will indeed be entitled to the status of one of the strongest in the world.

Spread Betting, CFD and Forex Trading
on 12,000+ global markets including
Indices, Shares, Forex and Bitcoin.

Market Sell Buy Spread
Wall Street
Germany 30
UK 100
US SP 500
US Tech 100

Last Updated:

Market Sell Buy
Amazon com
Lloyds Banking Group
Barclays UK
Glencore PLC
Apple Inc

Last Updated:

Product Sell Buy Spread
EUR USD
GBP USD
USD JPY
EUR GBP
EUR JPY

Last Updated:

Market Sell Buy Spread
Bitcoin USD
Ethereum USD
BitcoinCash USD
Litecoin USD
Ripple USD

Last Updated:

For experienced Traders

For new Traders

Professional Trader

Find out more details, including eligibility criteria, by clicking ‘Learn More’.

Trade on over 12,000 markets

Indices

Shares

Crypto

Forex

Commodities

Trade wherever you are, on our fast, reliable platforms

Award-winning platform

Actionable trade ideas

Trade anytime, anywhere

Powerful Charts

Multiple charts layouts

View the price movements of many markets by embedding multiple charts into your chosen platform layout.

65+ technical indicators

Deal through charts

Trade directly from a chart. Your positions, stops and limit orders are displayed on the chart and can be amended by dragging the lines.

Multiple chart types

Multiple chart types available, including Candlestick, Heikin-Ashi and Point & Figure to allow you to identify trends and key levels.

Extensive drawing tools

Use our extensive range of drawing tools including trend lines and Fibonacci retracements to identify key support and resistance levels. Save chart customisations in user profiles and apply to charts.

Compare markets

Compare the relative performance and price action of one or more markets with another, within a single chart.

Multiple charts layouts

65+ technical indicators

Deal through charts

Multiple chart types

Extensive drawing tools

Compare markets

Latest News

  • Virus slowdown, dividend news helps FTSE April 6, 2020 10:07 AM
  • Slowing Virus Lifts Stocks April 6, 2020 8:06 AM
  • What is the VIX telling us? April 6, 2020 6:30 AM

Read Latest News

Need help?

Customer Support

Available 24 hours Monday-Friday
Local: 0845 355 0801 (local rate)
International: +44 203 194 1801
Email: [email protected]

Web Chat

Award-winning platform and service

Financial Strength and Security

Trading Support Service

We provide detailed information about every aspect of our service with ongoing account support for every client.

Welcome Pack

Platform Walkthroughs

Ongoing Support

Market Intelligence

Trading with us

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.

△ Based on CFD spreads and financing competitor comparison on 28/08/2020.

* Spread Betting and CFD Trading are exempt from UK stamp duty. Spread betting is also exempt from UK Capital Gains Tax. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.

† 1 point spreads available on the UK 100, Germany 30, France 40 and Australia 200 during market hours on daily funded trades & daily future spread bets and CFDs (excluding futures).

‡ Voted “Best Trading Platform”, “Best Mobile Application” and “Best Spread Betting Provider” at the OPWA Awards 2020. Voted “Best CFD Provider” at the ADVFN Awards 2020. Voted “Best Professional Trading Platform” and “Best Spread Betting Provider” at the 2020 Shares Awards. Voted “Best Cryptocurrency Trading Platform” at the 2020 OPWA Awards.

City Index is a trading name of GAIN Capital UK Limited. Head and Registered Office: Park House, 16 Finsbury Circus, London, EC2M 7EB. GAIN Capital UK Ltd is a company registered in England and Wales, number: 1761813. Authorised and Regulated by the Financial Conduct Authority. FCA Register Number: 113942. VAT number: 524837435.

City Index and City Trading are trademarks of GAIN Capital UK Ltd.

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

© 2020 City Index

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VIX volatility index “fear index”. How to use it in options trading?

Definition of the VIX Index

The volatility index with the VIX ticker or, as traders call it, the fear index. This index belongs to a group of indices that measure market volatility. Calculation of this index is carried out by CBOE – Chicago Options Exchange. The basis for calculating this is the change in the prices of CBOE options. Naturally, we are talking about call and put options. The exchange calculates this index in real time. This index shows how the annual value of the S&P 500 index volatility options will change over a 30-day period. VIX index is measured in percentage points. The confidence level of this index is 68%.

What is the role of the VIX Index for option traders?

If we take a closer look at the output of this index, we will see that it takes the market prices of options whose expiration expires more than 23 days and less than 37 days. Also, risk-free U.S. Treasury bonds and interest rates on bills are accepted. The very value of the VIX index for traders of binary options and other types of options is that they can get relatively accurate data for a short period of time. Having carefully studied the data, you can find out how you need to act. In other words, after 30 days, you can find out how to change the annual volatility of the S&P 500 index with an accuracy of 68%. Very cool thing! To simplify, this index reduces the risk of losing your assets when trading options when used properly. Below are examples:

– With an increase in the number of investors who fear a fall in markets, premiums on put options increase, while on call options decrease.

– If investors are confident in the growth of markets, premiums on call options will increase, and on put options will decrease.

– If there is no confidence in market participants in the market participants, then investors will look towards insurance and reducing the risks of losing their assets. In this case, the call and put premiums of the options will rise.

This index can be used in two directions. With his data, your hedge can be even more effective. Or you can make a number of successful transactions that will bring you profit. Reflecting the expectations of investors with this index can also serve as a good signal for you to buy assets for the long term.

How to apply VIX Index to traders in analyzing market conditions

There are many ways to use the VIX Index for traders. Both trading strategies and entire trading systems are based on this index. The VIX index has a scale for measuring the “fear” of investors from 0 to 100. Most often, the VIX index values ​​range from 15 to 40. For example, take an average value of 30 points. Consider 2 cases and what they will reflect by themselves. If the value of the VIX index is below 30 (20), then it is generally accepted that investor concerns are at a fairly low level. If the value of the fear index fluctuates in a narrow range (15-20), then we can clearly see the prerequisites for a growing trend in the medium or long term. If the index is greater than 30, this indicates an increase in investor concerns. Naturally, in order to protect themselves from price fluctuations, they will buy in smaller volumes, or completely refuse to buy options with a further increase in the index. This is typical behavior for insuring your assets against price fluctuations and a possible market fall. It should be understood that the index cannot be considered as an indicator of market entry into a downtrend. Everyone knows about the period from October 2008 to March 2009, when the index showed over-growth, and US indices continued to fall.

Conclusion

The VIX index is still an excellent tool for analyzing market conditions. It makes a good understanding of the level of correlation of what traders are willing to trade: at the risk or premium. In order to get accurate data using this index, see its value when it fluctuates in a relatively narrow range. Using this index, you can better understand the behaviour of traders in the market, as well as see what manifestations the actions of the latter lead to.

“General Risk Warning: Binary options and cryptocurrency trading carry a high level of risk and can result in the loss of all your funds.”

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