Whether one has recently stepped into the world of forex trading or even if they’re a highly experienced and professional trader, traders require the services of an able and efficient forex broker in order to trade profitably. A reputed and established forex broker not only provides traders with appropriate forex quotes but also executes all the buying and selling orders on their behalf, allowing them to focus more on placing profitable trades on a consistent basis.
Thus, your forex broker should be capable of providing you with exceptional trading options, platform and customer support services. However, before opening an account with their desired broker, traders must assess their service quality, overall efficiency, performance as well as credibility in the market. While, traders can conduct a reference or background check on their own, they must consult someone who has adequate knowledge around trading and can further provide them with in-depth information about the broker. This is exactly where traders need the professional advice and guidance of an expert forex trader. An experienced forex trader can analyze a broker’s performance from different angles and further determine their pros and cons to provide traders with an accurate and transparent picture about the broker. This also allows traders in determining whether the broker is reliable and worth their time and money or not.
Here, we have reviewed the performance of the United Kingdom based forex broker City Index. As one of the leading online trading services providers, City Index allows traders to trade forex and CFDs through its highly intuitive and easy to use portal.
The broker came into existence in 1983 and since then has been catering to the trading requirements of hundreds and thousands of individuals, around the globe. City Index is also renowned for offering spread betting services. With more than thirty three years of trading experience and knowledge behind them, the broker is well aware of the trader needs and challenges, which is precisely why they offer best in class trading services and support to its clients.
While, reviewing the broker’s performance in six different categories, we also discovered that City Index has expanded its operation in various other cities including Dubai, London, Sydney, Shanghai, New Jersey, Tokyo, Singapore and Hong Kong and has more than eight hundred employees on board. The broker is also regulated and monitored by the United Kingdom’s FCA (Financial Conduct Authority). We also learnt that the broker offers tight yet competitive spreads and has won several awards and recognitions for their CFD, forex and spread betting services.
Our team of professional traders also created a demo account with City Index to analyze how their platform works and whether they were capable of offering appropriate trading services and solutions or not. During our review process, we discovered a lot about the broker in terms of their customer services, products, trading features and more. Here, learn more about the broker and also find out how they’ve faired in our review.