City Index Journal

Journal status: live
City Index joined in | not yet
City Index Profile
Year
1983
Country
UK
Branches
4
Regulation
FCA UK, ASIC Australia, MA Singapore
Investor protection
Fund protection
UK Financial Services Compensation Scheme (FSCS)
Publicly traded
NASDAQ:SNEX, NYSE:GC
Restricted countries
Not serving
х Belgium, Brazil, Canada, Hong Kong, Japan, US
Broker type
MM
Dealing book
B-book
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
...

City Index Accounts
MM
Minimum Deposit
100 £
Leverage
30 : 1
Minimum Lot
...
EURUSD spread
0.5 pips
Commission
0 $/lotRT
Volume
...
Margin Call
100 %
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
no
Update broker

Is City Index safe?

  • Investor protection: UK Financial Services Compensation Scheme (FSCS)
  • Regulation: FCA UK, ASIC Australia, MA Singapore
  • Registration: ...
  • Publicly traded: NASDAQ:SNEX, NYSE:GC
  • Segregated account: yes
  • Guaranteed Stop Loss: yes
  • Negative Balance Protection: yes

Is City Index trusted?

  • Information transparency: high ★★★★★
  • Customer service: ...
  • City Index website: semi-detailed, updated ★★★
  • City Index popularity (by visitor count): Average

How City Index works

Guaranteed stop loss orders Guaranteed stop loss orders guarantee your specified level of execution, regardless of any gapping in the market. They incur a small premium.

https://www.cityindex.co.uk/trade-execution/

Q1) What is Central Counterparty Clearing? Central Counterparty Clearing is a model of trading in which a clients’ credit exposure to his/her broker is transferred to a central clearing house. In practical terms, in a Central Counterparty Clearing model when we take a trade from a client we immediately execute a back-to-back trade with a Central Counterparty Clearing house and move all or part of the client’s margin capital to the Clearing House – this effectively transfers the client’s credit exposure from us to the Clearing House. Client funds remain fully segregated from those of the firm, and those of the Clearing House, in accordance with FCA CASS rules. Client funds protection remains unchanged.

https://www.cityindex.co.uk/terms-and-policies/centrally-cleared-trades/

2.4 We will deal with you as principal and not as agent on your behalf. This means that any Trades are agreed directly between you and us and we will be the counterparty to all of your Trades.

4.15 Trades placed on a Centrally Cleared Market will be Centrally Cleared through the Clearing House Service in respect of that Centrally Cleared Market and will be subject to the relevant Rule Set. For such Centrally Cleared Markets, the Trades will be passed to the clearing house in order for that Trade to be Accepted for Clearing. We will remain as your counterparty to each Centrally Cleared Trade and the relevant Clearing House will not be your counterparty.

13.3 If your Account shows a negative Cash balance, and notwithstanding any other right that we may have under this Agreement or applicable laws and regulations, we may (and will, where and to the extent this is required by applicable laws and regulations) waive our right to claim payment of any amount due and payable to us under this Agreement and return the Cash balance to zero.

http://www.filesandimages.com/Brand/CityIndex/PDF/GCUKENTerms.pdf

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