Brokers News

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 It was introduced to replace the broker's old web trader that was considered a tad outdated.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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Broker	Advantages


	FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

	XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
	FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
	FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
	FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
	FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
	HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.
	Exness is a leading forex broker, offering MT4 and MT5 platforms. Traders can take advantage from a true ECN environment and trade on ultra tight spreads, starting from 0 pips.

Broker	Country	Regulation	Platform	Min Deposit	Review
	US	CFTC, NFA	MT4, Web, in-house	$50	Review Website
	US	NFA, CFTC	MT4	$250	Review Website
	Cyprus, UK, Mauritius	CySec, FCA, FSC	MT4, MT5, Web	$10	Review Website
	Australia	ASIC	MT4, MT5, IRESSTrader	$100	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia, South Africa	FCA, ASIC, FSCA	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Cyprus	CySEC	MT4, MT5, Web	$1	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus, UK, South Africa, UAE	CySec, FCA, FSCA, DFSA	MT4, MT5, Web	$5	Review Website
	Cyprus, UK	CySEC, FCA	MT4, MT5	$1	Review Website
	UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website
	Australia, UK	ASIC, FCA	MT4, MT5, cTrader	$200	Review Website

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