How do I fund my City Index account?

You can fund your account using credit or debit cards, EFT, BPAY, PayID or PayPal. Click on the ‘Funding’ tab on the top-right corner of the trading platform, then select ‘Deposit’, Debit/Credit Card.

What is City Index Minimum deposit?

The minimum deposit at City Index is $100.

What commission do city indexes take?

Commission. We charge zero commission when you Spread Bet at City Index. There is also no commission charged for CFD Trading, the only exception being Shares CFD Trading.

Is City Index regulated?

We’re authorised and regulated by the FCA and hold client funds in accordance with their client money rules.

How do I withdraw money from City Index?

To transfer funds out of your account, please visit the account section of the trading platform. If you would like further instructions, please contact Customer Support using one of the options on our Contact Us page. For compliance purposes, client refunds can only be returned to the original funding source.

Is City Index reliable?

Is City Index Safe? City Index is considered low-risk, with an overall Trust Score of 99 out of 99. City Index is publicly traded, does not operate a bank, and is authorised by three tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulator (low trust).

How long does it take to withdraw money from City Index?

How long do withdrawals take? Instructions received by City Index for payment request will be processed within three working days. Wire transfers typically take three working days. Card withdrawal can take up to 10 working days for funds to reach the client.

Can you day trade on City Index?

With City Index you can trade options on a wide range of markets. We offer a variety of daily and monthly futures on options to trade online.

Is City Index a good broker?

Part of GAIN Capital and publicly traded under StoneX Group (NASDAQ: SNEX), City Index is regulated in three tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading.

Does city index have negative balance protection?

Negative Balance Protection ensures that retail traders never lose more than the funds in their account. Should your CFD or spread betting account fall negative, we will adjust the balance to zero, at no cost to you (this does not apply to Professional Traders). Your trading account has a pre-set margin closeout level.

Why are CFDs illegal in the US?

Part of the reason that CFDs are illegal in the U.S. is that they are an over-the-counter (OTC) product, which means that they don’t pass through regulated exchanges. Using leverage also allows for the possibility of larger losses and is a concern for regulators.

How does funding Your City Index account work?

Funding your trading account via PayPal is completely free if depositing in the base currency of your City Index account If the base currency of your trading account is not the same as the funds being deposited via PayPal, you will be charged a conversion fee. You will see this amount before completing the deposit.

How much money do I need to open a city index CFD account?

How much money do I need to deposit to open a City Index CFD account? We recommend the following initial deposit amounts, depending on the trading activity you intend to carry out: The minimum deposit amount required is $150. 2. How can I fund my account? You can fund your account using credit or debit cards, EFT, BPAY, PayID or PayPal.

How to transfer SGD funds to City Index?

Internet transfer /FAST (Fast and Secure Transfer) service lets you transfer SGD funds quickly to us. Reference your City Index trading account number (or your NRIC if you don’t have an account number yet) so we know which account to allocate the funds to.

How are the fees for City Index calculated?

The fees are built into the spread, 2 points is the average spread cost during peak trading hours. The fees are built into the spread, 0.8 pips is the average spread cost during peak trading hours. We ranked City Index’s fee levels as low, average or high based on how they compare to those of all reviewed brokers.