If you are a trader looking for a new broker, then City Index Australia should definitely be on the top of your list.
It is equally suitable for both novice and seasoned traders, with enough features to allow everyone to place trades successfully.
Of course, this isn’t the only reason why this is one of the top rated brokers in Australia. If you want to learn what this broker has to offer, check out the details below:
City Index Australia – Features
If you are a trader looking for as much access as possible, you will find that City Index is a good place to start.
City Index Australia offers you:
- access to over 4500 markets, worldwide.
- For those interested in indices, you have a selection of 21 major indices to choose from.
- You get to enjoy tight, fixed spreads from 1 point.
In case shares are more your style, you can go long or short on price predictions for local and global companies. The margins start from $5 and the commissions begin from $5 on Australian shares. Forex traders have the option of selecting from 84 different currency pairs with tight spreads from 0.5 points.
Traders with a focus on cryptocurrency will be pleased to learn that they can trade with Bitcoin, Litecoin, Ethereum, and Ripple.
What’s more, the CFD option ensures that you don’t actually need to own any of the currency to trade with. This isn’t the extent of this broker instrument options, though. You can also be involved with:
- Interest rates
As you can tell, with this broker you really are spoilt for choice. Regardless of the market or the instrument that you are interested in, you will be able to place a trade. What’s more, there are just as many options for local trades as well as international.
The Platforms at City Index Australia
This broker also offers a great deal of choice when it comes to platforms. Here you can select from three different options – the web trader, AT Pro, and MetaTrader4.
If you don’t want to go through the hassle of downloading a platform, you can stick with the City Index’s own web trader. This is a fully customizable platform that allows you to switch between multiple personalized workspaces.
At the same time, you get access to advanced charts and trading tools and a mobile app.
If you don’t mind downloadable versions, then the AT Pro is certainly an option. It is particularly well-suited to more advanced traders that are looking for a platform with more efficient features.
This is personified by the fact that you can customize the layout as well as create your own trading templates. On top of this, you get access to dozens of charting tools and the ability to backtest all your strategies.
In case you are looking for something more familiar or easier to use, then the MT4 platform will be more suitable. Now, as you are probably aware, the exact performance of the trading platform is tied to the brokers.
So, you will be pleased to learn that City Index has been voted “Best MT4 Broker”. Therefore, in addition to all the top-notch features like custom indicators and personalized charting, you also get to enjoy tight spreads and fast trade executions.
The best alternative to City Index Australia is FXPro Australia.
The Demo Accounts
What’s great about all these platform options is that you don’t have to commit to any of them straight away. Rather, you have the opportunity to use demo accounts for each version. With AT Pro and MT4, you get to trade with $10,000 in virtual money. With the web trader, this goes up to $20,000.
City Index Australia Account Types
Continuing with the multitude of choice, City Index also offers traders the chance to select from quite a few different types of accounts. In fact, you will be hard-pressed to find similar account types with such brokers. There are options for both new, advanced, and multi-party traders.
If you are looking for something more pared down, then the Personal account will be a good fit. This is for novice, individual traders who are looking for competitive pricing and efficient executions.
You can also utilize the financial market experts associated with this broker, if you choose to.
If you have greater experience and want to step your trading up a notch, the Self Managed Super Fund account may appeal to you. Here, you have greater customization features, allowing you to manipulate the trades in a manner that is more suitable for your trading techniques.
For a more business-like approach to your trading, you can also open up either a Trust or a Corporate Trading account. If you prefer to share the trading burden with other individuals, it is just a matter of opening up a Joint account.
Now, there is no minimum deposit required for these accounts. However, the ability to open an account tends to be at the discretion of this broker. Therefore, you may only be granted permission to open up an account if all of your details align with the broker’s requirements.
Australian City Index Regulation
City Index Australia is regulated by ASIC and as such, falls under the purview of that agency. To be able to maintain this licensing, the broker is required to meet with rigorous standards. Due to this, traders who sign up with this broker can guarantee that their capital is safeguarded and that all trades that take place are legitimate.
Learning Materials – City Index
There are a considerable number of learning materials to access with this broker. For beginners, there are trading courses that include step-by-step guidance. In fact, you can even find information on how to place your first trade. More seasoned traders will find that there is just as much to learn as there is a lot of information on trading techniques and strategies. Traders making the switch from other brokers will be pleased to find that these education materials also detail how to place trades with City Index, specifically.
It is clear that City Index is a broker with a lot to offer traders of all sorts with different levels of experience. As such, it is suitable for anyone who wants to pursue a successful trading career.