City Index review: Expands to Australia with StoneX and FOREX.com
The UK-registered broker City Index, focused on serving active and experienced traders, has announced the launch of the FOREX.com trading platform in Australia by its parent company, StoneX Group Inc.
- Chosen by 0+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
According to the press release, the platform offers clients access to its award-winning CFD trading services across a wide range of instruments, including currencies, metals, indices, stocks, cryptocurrencies, commodities, and grains.
The company promises Australian clients access to advanced trading and risk management tools, a mobile app designed for speed and ease of use, robust educational resources, and a dedicated local customer support team, all backed by global market analytics from experts across continents.
A Broker for English-speaking clients
Originally launched in 2001 in the United States to educate and support self-directed currency traders, FOREX.com has since expanded its operations, offering CFD services across Europe, the Middle East, and the Asia-Pacific region.
In 2020, the company was acquired by StoneX, a Fortune 50 firm serving more than 54,000 commercial, institutional, and payment clients, as well as over 260,000 retail accounts in more than 80 offices across six continents.
“Our goal is to help clients trade more efficiently, act faster, and make confident decisions in dynamic market conditions,” said Greg Kallinikos, CEO of StoneX Asia-Pacific.
In Australia, FOREX.com operates under the trading name StoneX Financial Pty Ltd, regulated by the Australian Securities and Investments Commission (ASIC).
As for City Index, it is licensed and regulated by the UK Financial Conduct Authority (FCA) (license number: 113942).Over the years, the broker has received numerous awards, including:
- Best Trading Loyalty Program (2019)
- Best Trading Platform (2019)
- Best CFD Provider (2020)
However, traders should note that City Index primarily targets experienced market participants, given the high-risk nature of CFD trading.All trading information is available exclusively in English, and customer support is also provided only in English, which may be inconvenient for traders from non-English-speaking regions.
As we wrote, Cinkciarz.pl review: Company declared bankrupt, clients have until November 26
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