With its headquarters in London, UK, City Index operates as a CFD trading, FX and spread betting provider. Jonathan Sparke and Chris Hales founded City Index back in 1983. The two traders expanded the company to offer spread betting services in 1984. Michael Spencer, who owned the firm since 1997, sold it to GAIN Capital in 2014 for $118 million.
City Index offers MetaTrader 4, AT Pro and Advantage Web as its suite of desktop trading software. MT4 (MetaTrader 4) operates as the company's flagship FX trading platform. MT4 provides traders with a customizable economic calendar, custom indicators, and automated trading strategies. AT Pro, on the other hand, is a downloadable professional trading platform that features enhanced functionality.
AT Pro allows traders to use programming languages including Visual Basic, .NET and C# to create their trading templates. The platform also offers traders access to a research portal, technical indicators, and trading signals. City Index's Advantage Web is a desktop trading platform that gives traders real-time market news and HTML5 charts. In 2017, Advantage Web won the Best Spread Betting Platform Award during the annual ADVFN International Finance Awards.
City Trading, a spread betting mobile app launched in 2009, is City Index's iPhone trading platform. The iOS app won the Best Mobile Trading Platform Award at the 2010 and 2011 MoneyAM Online Finance Awards. Besides iOS, the mobile spread betting app is accessible on Android and Blackberry OS6 devices.
With City Index, you can access three types of trading accounts, which include Trader, Premium Trader, and Professional Trader. The Trader account suits both experienced and new traders since it features award-winning platforms. The account also offers trading analysis, education and news, 24-hour trading support and competitive trading options.
You need an invitation to access the Premium Trader Account, which is City Index's private retail client account. Premium Trader offers priority services, dedicated broker assisted dealing and invitations to select events. The account allows you to access a relationship manager and reap more from your deposits.
The Professional Trader account is for experienced traders only. The account offers 0.25 percent margin rates, advanced trading platforms, and a relationship manager. With the account, you get rewards and access to premium events, dedicated broker assisted dealing and a credit facility.
City Index offers holders of Trader, Premium Trader and Professional Trader accounts help and support on CFD trading and spread betting. As a customer, you can get help on account opening, demo accounts, account management, web trading, MT4 trading, funding, withdrawals, and cryptocurrency trading.
City Index and City Trading operate as GAIN Capital's trademarks. The Financial Conduct Authority regulates City Index's spread betting and CFD trading activities. City Index collects and uses customers' data in compliance with UK's data protection legislation. Besides the UK, City Index has offices in Dubai, Singapore, and Australia.
City Index invites traders looking for solid spread bets, tax-efficient trading, and an award-winning platform. With City Trading, you get access to more than 8,000 markets globally. You also benefit from safe and free deposits and withdrawals.