MT4 City Index

MT4 City Index Review

Forex, Metals, Indices, Energy & Soft Commodities

  • FCA, ASIC, MAS regulated ✔
  • Tight variable spreads
  • No minimum deposit
  • 3 trading platforms
  • EUR/USD spread from 0.5
  • No commission charge
  • 80+ Forex pairs
  • 110+ markets
80+ Forex pairs • City Index MT4.

City Index MT4 Review

FCA, ASIC and MAS regulated broker City Index offers MT4, in addition to its Advantage Web and AT Pro platforms. Unlike its other platforms (which have 12,000+ markets), MT4 is focused on Forex, with 80+ Forex pairs making up the bulk of its offering. It also offers other markets, for a total of 100+. MT4 enables the trader to use and build automated trading strategies.

What markets are available ?

Forex, Indices, Energy, Metals and Soft Commodities for a total of 110+.

What is City Index's minimum deposit ?

There is no minimum deposit requirement to open an account at City Index.

What is the most striking feature of City Index MT4 ?

Arguably, the number of Forex pairs, as 80+ is a relatively large offering. For an MT4 platform, 110+ is a competitive total number of markets (also notable is the inclusion of markets such as Soft Commodities). MT4 can be seen in the context of City Index's other platforms, which offer less Forex pairs, but many more markets, and a wider range and with AT Pro includes a platform which allows the trader to build automated trading strategies. So MT4 at City Index can be seen as its Forex focused trading platform (though they are available on the other platforms as well). However MT4 brings other advantages as well.

What does MT4 offer the trader ?

MT4 has a platform with charting, markets and trading tools. These tools include Expert Advisors, which are automated trading strategies (for example automated trading rules based on indicators). These are available to use, provided by other traders, but can also be programmed by the trader. These strategies can be backtested on MT4 (using the Strategy Tester tool on the platform). It should be noted that because a strategy worked in the past does not mean it will work in the future. MT4 has 50+ technical indicators available (and more can be added as well as custom indicators created). MT4 can be used as a discretionary trading platform, as well as as for automated trading.

Does City Index have a commission charge for trading Forex on MT4 ?

City Index does not charge commissions for trading on MT4. It provides tight variable Forex spreads, which can go as low as 0.5 for EUR/USD.

Has City Index won any MT4 Forex awards ?

City Index won Best MT4 Broker at the 2017 UK Forex Awards.

Is City Index regulated ?

City Index is regulated by the FCA in the United Kingdom, the ASIC in Australia and the MAS in Singapore.