City Index Account Opening | How to Open City Index Account

Introduction

City Index is one of the oldest forex and CFD brokers since 1983. It has over 12,000 markets including indices, shares, and forex pairs. City Index is also listed on the stock exchange NASDAQ and regulated by top-tier financial authorities like the FCA in the UK.

Countries Available

City index is available in over 150 countries around the world, but some countries are restricted like the USA and Canada.

Account Types

City Index provides 3 account options which are:

• Personal account
• Premium account
• Professional account

Each one of these accounts has its features and specifications as the following table shows.

City Index – Account Comparison

City Index also provides a demo account with 0 fees if you want to experience the trading platform with no risk.

Notes:

• All the account types have negative balance protection and segregate account funds feature,
• There’s no islamic account option at City Index broker.

City Index also provides a demo account with 0 fees if you want to experience the trading platform with no risk.

There’s an option to join the City Index affiliate partner program if you want as well.

Min Deposit

The minimum deposit to open a City Index account is $100.

How to Open Account

You can open an City Index account in minutes through these steps:

1. Enter your name, email, phone number, and country of residence.
2. Enter some personal information like your profession and trading experience.
3. Choose the base currency.
4. Add your trading preferences.
5. Provide proof of your identity and the country of residence.
6. Fund your account and start trading.

City Index – Account opening

Notes:

• Due also to the requirements of the regulatory bodies that supervise City Index, it is necessary that in order to operate with your account you send them a proof that proves your identity and another proof that proves your current address :
• Identity document : You must send a copy of your ID, your passport or driving license . It has to be an official document that clearly shows your identity and that it is valid (the document you send cannot be expired). You can scan any of these documents and send it in PDF, JPG, GIF, or take a photo with your mobile if it is more comfortable for you. In any case, the image must have good quality and be completely readable, otherwise it may give you problems to verify it.
• Proof of address : This is to send a document that shows your current address . You will have to send a recent utility bill (not exceeding 3 months) for electricity, water, gas, landline or Internet (many brokers do not accept, for example, mobile phone bills). You can scan and send it in PDF, JPG, GIF, or take a photo with your mobile. Like the previous document, all the data must be legible and have sufficient quality.

FAQs

1. How long does it take to verify my account?

• It happens immediately after submitting your application except if there are some other documents you should submit.

1. Does City Index give a bonus?

• City Index Deposit bonus is not a reliable deal. It offers a small percentage of incredibly high deposits.

1. Does the City Index allow scalping and hedging?

• City Index does not allow scalping but does allow hedging.

1. Where is my money held?

• In segregate accounts.

1. How do I login using the MT4 mobile platform?

• Steps:

1. Go to ‘Settings’

2. Click on ‘Manage Accounts’ or ‘Settings’

3. Then click on the small plus sign or select ‘New Account’

4. Then select ‘Log in to an existing account’

5. Search for the broker name

6. Select the server your account was set up on

7. Enter your login credentials and password

8. Click on ‘Sign In’

1. When will my demo account expire?

• After 30 days.

1. Can I login to more than one account from the same computer?

• Yes, you can do such a thing by using the MT4 Multi Terminal.

1. Can I login to the same account through different devices?

• Yes, you can login to the MetaTrader 4 platform using the same password and username through different devices.

1. Does City Index accept payments from third parties?

• No, payments should be of your name.