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City Index Adds CFDs to Its Advantage Web Forex Platform

Feb 01 2013
By
Forexbrokerz.com

The global forex and CFD broker City Index is expanding the reach of its Advantage Web trading platform: the broker's customers from all over the world will now be able to use Advantage Web for trading CFDs along with forex. 

 
It seems that contracts for differences are gaining momentum and manage to attract many new fans who are beginning to see the definite advantages of CFDs, compared to other trading instruments like traditional shares for example: CFDs can be traded with leverage, and allow for going both long and short, therefore enabling hedging for the instrument, etc. As a proof of this increasing interest in CFDs, we can consider TRADE – the designated CFD platform released by Forex.com at the end of last year, as well as the fact that Tradency added CFD trading to its Mirror Trader platform.  
 
This is why introducing contracts for differences to Advantage Web does not surprise much. The platform is still new platform for City Index and it makes a lot of sense to improve it quickly. It was introduced to replace the broker's old web trader that was considered a tad outdated. Advantage Web kept some of the old platform's features, such as OCO order types, partial order fills, 20 technical indicators, etc., and added new perks: better layout customization options, one click dealing, two different charting packs (basic and advanced), list and box views of the markets, etc. 
 
As I said, Advantage Web allows both forex and CFD trading. The platform offers all sorts of order types, including stop and limit orders, and gives traders access to a wide range of markets – shares, indices, futures, etc. 
 
When you log in to Advantage Web for the first time, you get the feel that the platform is pretty intuitive – and that's because it's simple. There's nothing to clutter your trading screen and you can focus on your market watch lists and your trading. 
 
Charting is ok – it's definitely not the most sophisticated one I've seen but it does offer decent possibilities and features: 9 time frames, 20 technical indicators, drawing toolbars, and so on. 
 
City Index's trading conditions are also good. What I like the most about this broker is that it offers capped spreads. The cap for EUR/USD, for example, is 4 pips, and the one for GBP/USD – 5 pips. This makes the broker safe to trade with even during high volatility, when spreads are likely to widen. 
 
 

About City Index

 
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
 
As a group, City Index transacts in excess of 1.5 million trades every month in over 50 countries. It provides access to a wide range of instruments including margin foreign exchange, CFDs and, in the UK, financial spread betting.
 
City Index constantly looks to improve the performance of its platforms and expands its range of services. The result is City's customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer support.
 
TAGS: City Index  trading platform  Advantage Web  forex spread  capped spread  CFD  Forex.com TRADE  Mirror Trader  Tradency 

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