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The WikiFX Score of this broker is reduced because of too many complaints!

CityIndex

Singapore|5-10 years|
Suspicious Scope of Business|High potential risk|

https://www.cityindex.com.sg/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Singapore 3.58

Surpassed 15.30% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+65 6826 9988
enquiries@cityindexasia.com
https://www.cityindex.com.sg/
1 Raffles Place, #12-62 One Raffles Place – Tower 2 Singapore 048616.
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+65 6826 9988

Other ways of contact

Broker Information

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Company Name

GAIN Capital Singapore Pte Ltd

Abbreviation

CityIndex

Platform registered country and region

Singapore

Company website
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YouTube
Linkedin

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

CityIndex · WikiFX Survey

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CityIndex · Company Summary

BASIC INFORMATION

City Index is a broker for forex, CFDs and spread betting. The UK company was formed in 1983, making it an industry veteran with over thirty years experience. The company has unsurprisingly expanded in recent years and now has office locations in London, Dubai, Sydney, Shanghai, Hong Kong and Singapore.

REGULATORY INFROMATION: LICENSE

No valid regulatory information. Please be aware of the risk!

MARKETS

Customers of the company can choose to trade in the spot market, CFD market or they can spread bet. In fact, they offer an extensive product list, including:

· 21 market indices

· 84 currency pairs

· 12 types of bonds

· 25+ commodities

· 5 types of metals

· 4,500+ global shares

Options on three interest rate markets

Cryptocurrencies, including bitcoin and ethereum (CFDs on Cryptocurrencies are no longer available to UK traders).

SPREADS & COMMISSION

You will not pay any commissions for spread betting and CFD trading. Having said that, there is a minimum equity CFD commission of $25.

Those interested in forex trading can find the EUR/USD for as low as 0.5 pips. Overall, fixed spreads and prices are around the industry norm.

You can also trade on leverage. This is essentially a loan that may help you capitalize on an opportunity. However, trading on margin can also amplify losses and you do not want to be one of the many who walks away from the markets empty-handed following a margin call.

OTHER TRADING FEES

The main cost charged by City Index to be aware of is a monthly inactivity fee of £12 (or equivalent) if you do not use your account for more than 12 months.

You will also pay a small financing charge on your bitcoin exposure if you hold a position overnight. However, if youre day trading you should avoid all overnight charges.

ACCOUNT TYPES

City Index offers their standard account, for which the minimum deposit is £100/$100 followed by £25/$25 for subsequent deposits. You will encounter zero commissions on spread betting and CFDs, aside from equity CFDs.

However, you also have the option of a VIP account. This you will get a number of benefits, including:

· Flexible margin rates

· Interest paid on cash balances

· Invites to exclusive VIP events

· Improved rates of trade execution

· A senior sales trader on-hand 24 hours a day

PAYMENT METHODS

Before you can generate earnings trading oil and gold futures, you will need to fund your City Index account. Deposits can be made via:

· Debit cards

· Credit cards

· Bank wire transfer

Withdrawing your funds can be carried out in the same way. However, note the minimum withdrawal amount is £50 / $50 or your remaining account balance (whichever is lowest). The maximum withdrawal per transaction is £20,000/$20,000. It usually takes three to five days for international withdrawals and one to two days for the domestic withdrawing of money.

TRADING PLATFORMS

City Index customers get a choice of three different trading platforms. These are:

· Advantage Web

· Web Trader

· AT Pro

· MetaTrader 4

TRADING HOURS

At City Index, you can trade the most popular markets during trading hours, including the FTSE 100 and Germanys Dax 40. In fact, they actually facilitate 24/7 trading with their diverse product list.

CUSTOMER SUPPORT

You get 24/5 support via the phone and email.

Review 5

5 Comments
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All(5) Latest Exposure(5)
Exposure
Fake platform, fraud platform, unable to withdraw funds, deliberately hedge and lock positions!
Pay attention to people on the fraudulent network, and keep in mind that the names and appearances of these people are unfair. It is not allowed for me to invest more than 200,000 yuan in gold investment with my teacher in the middle of this year. The teacher who induced me to join at that time was named Chen Ming, Zhang Hongye, through my long-term follow-up and the investigation of my criminal investigators, they are still cheating. The aliases they use are Wang Tianshun and Liu Zhenhua. The platform they are currently using is a fake City Index stolen from the regular international market. The platform, the official website is https://1671435251000.citynice.me/ The people involved in the fraud include the master account Xu Hao (real name Zeng Xinghao), the assistant account Lin Ziyi (real name Chen Xiaomei), and the business account. After repeated investigations by the police, the process of their deception is as follows: the boss’s name is (real name Lin Jian), he invested money, and let the people below him cheat. Chat software [listen to chat], and then introduce Wang Tianshun through the business account. Wang Tianshun will invite him into the group after a simple chat with the fish. After two or three days after the group is established, he will start giving lectures and invite his friend Liu Zhensheng to come together During this period, the assistant account Lin Ziyi (real name Chen Xiaomei) was launched on the grounds of sending gifts for the teacher, and the brainwashing has been started since then. During the marketing process, a master Xu Hao (real name Zeng Xinghao) who has a strong investment and successful career will suddenly appear in the group ) often give out red envelopes, gradually Wang Tianshun will start to slowly guide everyone to make gold, and his friend Liu Zhensheng will also start brainwashing to make gold together with the fish with lectures, plus business account, assistant account Lin Ziyi (real name Chen Xiaomei), Master Xu Hao (real name Zeng Xinghao) brainwashed the fish and slowly guided him to trade in gold. He used the daily earning of 2 points to trade in stocks and the nightly earning of 8 points to trade in gold to lure the fish into the gold market. A team will be formed later to reduce handling fees. , The top-up promotions are used to block the funds of Dayu, so that it can continue to recharge. In the end, this master Xu Hao (real name Zeng Xinghao) will get the gold account of the fish, help the fish to operate the gold, make money and make a lot of money, and then start hedging and locking, and will not close the position for the fish, saying that he can only close the position and withdraw cash if he makes up money , After making up the money, it will say that you need to pay the authentication fee, because the account detection is operated by someone else, and you need to log in from another place. You need to authenticate yourself, and you have to pay. The fish will be the last to withdraw money until the fish has no money. I have already experienced this kind of nightmare. Many friends investigated the real name of the investor (real name Lin Jian) who lived in (Putian, Fujian), the real name of the planner (real name Zeng Xinghao) who lived in (Guangan, Sichuan), and the real name of the important accomplice (real name Chen Xiaomei) family (Quanzhou, Fujian) The gold platform used for this deception is called City index, and the official website of other platforms was stolen: https://1671435251000.citynice.me/ Live platform: https://e37421393.at.baijiayun.com/web/room/ quickenter?code=jwbkma&user_name=%E7%94%A8%E6%88%B77769 The following is the real identity information of the main participants in the fraud, including the teachers they are teaching. I hope that if the people who participated in their fraudulent platform can see this news in time, they will rein in the precipice. Of course, if they are cheated, they should also remember to save this news. Let us unite together to make the police pay more attention to this matter. At present, I I am also using legal means to apply for assistance, but it is very slow. This process is very painful. I hope more friends will join in, so that these villains can be brought to justice together, and they will not be allowed to go unpunished
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2023-01-30
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