City Index Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of City Index trading signals. You will learn what kinds of trading signals City Index offers and what the conditions for using them are.
Short introduction of City Index
The City Index broker was founded in 1983 in London. This company allows its clients to engage in active trading and place bets on the spread. City Index is licensed and regulated by the UK’s FСA — UK Financial Services Authority (license number 113942). The broker has received tremendous awards numerous times, including "Best Loyalty Trading Program" (2019), "Best Trading Platform" (2019), and "Best CFD Provider" (2020) while providing financial services.
| 💰 Account currency: | EUR, USD, GBP |
| 🚀 Minimum deposit: | 100$ |
| ⚖️ Leverage: | Depending on the trading instrument |
| 💱 Spread: | Floating and fixed |
| 🔧 Instruments: | Currency pairs, CFDs on stocks, indices, commodities, metals, cryptocurrencies |
| 💹 Margin Call / Stop Out: | From 5% |
City Index Pros and Cons
👍 Advantages of trading with City Index:
•a vast array of trading instruments;
•both floating and fixed spreads are available to users;
•MetaTrader 4 terminal is provided for trading, as well as a web terminal and mobile applications.
👎 Disadvantages of City Index:
•the trading platform periodically malfunctions;
•shortage of deposit/withdrawal methods;
•a broker can reject an application regarding opening a trading account if the user does not have enough trading experience or his starting capital is not sufficient for trading.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
City Index Trading Signals
Traders Union specialists checked the trading conditions at City Index for trading and non-trading commissions. The broker has no hidden fees. No commission is charged for replenishing a trading account and withdrawing funds regardless of the payment system. Traders have access to both a floating spread and a fixed one, the size of which depends on the trading instrument.
| Account type | Spread (minimum value) | Withdrawal commission |
| Real | From $5 | None |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that City Index does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Do I need to test trading signals before subscribing to them?
Most definitely yes. Make sure that the signals do work and are effective.
Can I lose money by trading signals?
Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.
In which form can signals be provided?
Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.