City Index Deposit and Withdrawal In Detail | $0 Fees

Pros

Cons

  • Various deposit and withdrawal options
  • No deposit or withdrawal fees
  • Various currencies options
  • None

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.

Account Currencies

The City Index account has different account currency options like

  • AUD
  • CAD
  • CHF
  • EUR
  • GBP
  • HKD
  • HUF
  • JPY
  • NZD
  • PLN
  • SGD
  • USD

Notes:

  • You will not be charged with conversion fees if your account has the same currency with your bank account or when you trade assets with the same currency of your account.
  • If you want to avoid being charged with conversion fees, you can open a multi-currency bank account at a digital bank.

Deposit

City Index supports depositing using different methods like credit cards, electronic wallets, and bank transfers.

City Index deposit methods

 

City Index

Credit cards

Yes

Bank Transfers

Yes

Electronic wallet

Yes

Fees

City Index does not charge any fees when depositing into your account.

Time

Depositing using credit cards or electronic wallets is instant. On the other hand, bank transfers may take several business days to proceed.

How to deposit in your account?

You can fund your account via the MyAccount portal which you can access via the platform.

Withdrawal

City Index provides withdrawal using the same methods like deposit which are credit cards, electronic wallets, and bank transfers.

City Index withdrawal methods and fees

 

City Index

Bank Transfers

Yes

Credit cards

Yes

Electronic wallet

Yes

Fee

$0

Fees

You can withdraw your money with $0 fees on all options, but please note that the minimum withdrawal amount is $100 or all your account balance available.

City Index min withdrawal fees

Withdrawal amount

Fee

Credit/ Debit cards

$0

Electronic wallets

$0

Bank Transfers

$0

Time

It takes several business days to withdraw your money from the City Index broker.

How to withdraw your money from the City Index broker?

You can withdraw from your account via the MyAccount portal which you can access via the platform.

Note:

For security reasons, you may have to verify your identity with the payment department for the first time through the registered email or the phone number.

FAQs

  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. 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 trading forex, will you lose more than your initial deposit?
  • Both our MetaTrader 4 and City Index platforms are set to automatically close your positions when your margin requirement reaches 100% (stop out level).
  • Please note that this process is automated and is not a guarantee that your account will not enter into a negative equity situation and you should keep a balance amount in your account above your required margin.
  1. Does City Index accept payments from third parties?
  • No, payments should be of your name.

 



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