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When selecting a demo account, traders must complete a form where they must provide their First and Last Name, telephone number, and email. Traders must also select to accept the Privacy Policy terms and provide permission to be contacted by the broker, with the option of opting out. The broker juggles successfully between the three markets and we give Capital Index a plus for its choice of the platform. You can already guess that the broker selected the Meta Trader 4 platform which is to traders what the iPhone is to phone addicts.
Micro-contract sizes give you the flexibility to risk less per trade. Is City Index legit features all the key aspects you need to look at to see if a broker is safe and legit. City Index was Best Cryptocurrency Trading App established in 1983 and was acquired by GAIN Capital in 2014. The longer the track record of a broker, the more proof we have that it has successfully weathered previous financial crises.
Brokers By Licenses
You can search by typing the name of the product you’re looking for or browsing a categorized product list. It is extremely customizable.It is easy to add, remove, or change the size and position of tabs to create your own unique trading platform. It also lets you pick between a light or dark theme and between ‘one-click’ What Is A Bond or ‘two-click’ trading. We tested Web Trader as it seems the best trading platform in terms of functionality and design. Stock index CFD fees are built into the spreads, while stock CFD fees are charged via commission. These catch-all benchmark fees include spreads, commissions and financing costs for all brokers.
Beyond that, there is also Capital Index Pty Limited, a subsidiary of the Cyprus branch that operates in Australia and is registered with ASIC. All of these entities form the Capital Index group and offer essentially the same products and trading conditions. All of these factors, and more, should be considered carefully before choosing an online forex broker. We’re here to help with our reviews, ratings, and rankings, but ultimately, you must determine which forex broker is best for you. You will want a broker that has great educational material about forex and CFD markets, as well as solid customer support. While Capital Index broker offers customer support through different mediums.
Can You Open An Account?
In the sections below, you will find the most relevant fees of City Index for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. City Index is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange. City Index is the trading brand of StoneX Financial Ltd., whose parent company StoneX Group Inc. is listed on the NASDAQ Stock Exchange. The company is regulated by top-tier financial authorities,such as the UK’s Financial Conduct Authority , the Australian Securities and Investments Commission and the Monetary Authority of Singapore .
Capital Index offers demo accounts for the ease of new traders. You can use this feature to build your faith in the machine and yourself and Capital Index Forex Broker your trading strategies. Even if no fees are indicated by Capital Index, it is better that you close the account if you are inactive.
Tools
A index futures broker will provide access through futures trading to commodities exchanges such as the CME or LSE. Our guide on how to trade futures explains the risks and rewards of futures trading. An index broker provides access to indices markets such as the FTSE, DAX, and S&P for the purposes of trading, speculation, and hedging. FOREX.com may, from time to time, offer payment processing services with respect to card deposits through StoneX Financial Ltd, Moor House First Floor, 120 London Wall, London, EC2Y 5ET. Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
This is beneficial for people who often exchange, for example weekly or daily trading. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In such instances, you are spending a spread, funding rate, or even a commission. Capital Index Forex Broker The sorts of trading fees and the rates vary from broker to broker. Together with everything, Capital Index has multiple benefits to new and verteran traders and should be investigated. There’s no minimum time on which a transaction has to be kept open.
Trading Instruments
But at the same time, this broker has too much red tape and a conservative approach to many things. Take the fact that the choice of payment methods is very scarce. There are no electronic systems for depositing or withdrawing funds. The broker provides all conditions and instruments required for active trading on the spread rates and the Forex market. Capital Index is registered in the UK territory and is regulated by the Financial Conduct Authority . Capital Index is authorized and regulated by the Securities Commission of the Bahamas .
Can Brokers steal your money?
While it’s rare that a broker will literally steal his client’s money (though that does happen), typically the “theft” of investment funds comes in the form of other fraudulent violations of securities law and FINRA rules which leads to significant investment losses.
Reviewed by: Michael Sheetz