City Index Fees and Spreads Trading will involve fees from $1 USD, spreads from 1.0 pips, and commission-free trading depending on the account traders select.
City Index Singapore at a Glance
🔎Broker's Name | City Index Singapore |
📍 Headquartered | Shenton Way, Singapore |
📅 Year Founded | 1983 |
⚖️ Regulating Authorities | Monetary Authority of Singapore (MAS) |
🌐 Countries not accepted for trade | South Africa, the United States, Brazil, Belgium, Hong Kong, and Japan. |
☪️ Islamic account (swap-free) | No |
👍 Demo Account | Yes |
📊 Institutional Accounts | No |
📊 Managed Accounts | Yes |
📈 Maximum Leverage | 1:50 |
💰 Minimum Deposit | $ 150 / R 2 571,02 ZAR |
💳 Deposit Options | Visa, MasterCard, Bank Transfer, NETS, ATM, Cheque and internet banking, and wire transfer |
💳 Withdrawal Options | Visa, MasterCard, Bank Transfer, NETS, ATM, Cheque and internet banking, and wire transfer |
💻 Platform Types | MetaTrader4 and AT Pro |
📱 OS Compatibility | Yes, Mobile and Desktop |
📈 Tradable assets offered | Over 65 Forex pairs, CFDs, Shares, Commodities, and Metals |
👨💼 Languages supported on Website | English |
👥 Customer Support Languages | English |
📆 Customer Service Hours | 24/5 |
🚀 Open an Account | 👉 Click Here |
City Index Fees, Spreads, and Commission – 9 Key Point Quick Overview
- City Index Overview
- City Index Safety and Security
- City Index Minimum Deposit
- City Index Fees, Spreads, and Commission
- City Index Deposit and Withdrawal
- City Index Customer Reviews
- City Index Pros and Cons
- Conclusion
- Frequently Asked Questions
City Index Overview
City Index is an award-winning, multi-asset financial services provider that offers exceptional execution speed, a global presence and Market-leading spreads on major indices.
City Index Safety and Security
City Index is authorized and regulated by the Financial Conduct Authority and in accordance with FCA client money rules, all funds are always protected in segregated client accounts. City Index is a member of the Financial Services Compensation Scheme (FSCS) and in the unfortunate event of liquidation, clients may be compensated by the FSCS.
City Index Minimum Deposit
No minimum deposit amount is required to register a City Index live trading account. City Index provides 2 different live trading accounts, Standard and MT4.
City Index Fees, Spreads, and Commission
Trading with City Index will involve fees from $1 USD, spreads from 1.0 pips, and commission-free trading depending on the account traders select.
City Index Deposit and Withdrawal
City Index makes multiple Deposit options available including Debit/Credit Cards, PayPal, and Bank Transfers. City Index Withdrawal will be processed between 1 and 5 working days, depending on the method of withdrawal selected.
City Index Customer Reviews
Great Stuff!
City Index offers an overall great trading experience. – Luka
Excellent Customer Care.
City Index was there for me every step of the way. Gold Standard in Customer Support. – Connor
Happy Client.
City Index offers great trading platforms and all available choices are very easy to use. – Chris
City Index Pros and Cons
Conclusion
Overall, trading with City Index will involve fees from $1 USD, spreads from 1.0 pips, and commission-free trading depending on the account traders select.
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Frequently Asked Questions
What fees does City Index charge?
City Index charges a spread on each trade, which is the difference between the bid and ask price. They also charge overnight funding fees on positions that are held open overnight.
How are spreads calculated at City Index?
Spreads at City Index are variable and can change depending on market conditions. The spreads are calculated based on the liquidity of the underlying market, with more liquid markets having lower spreads.
Does City Index charge commission on trades?
No, City Index does not charge commissions on trades. Instead, they earn revenue through the spreads that they charge.
How do overnight funding fees work at City Index?
If you hold a position open overnight, you may be charged an overnight funding fee. This fee is calculated based on the size of the position and the interest rate differential between the two currencies in the pair.
Are there any additional fees to watch out for at City Index?
In addition to spreads and overnight funding fees, there are a few other fees to be aware of at City Index. For example, there is a monthly inactivity fee of £12 if you do not trade on your account for 12 months. There may also be fees for certain types of transactions, such as withdrawing funds from your account. It’s important to read the City Index fee schedule carefully to understand all the fees that may apply to your account.