Is City Index a Scam?
City Index, founded back in 1983, is one of the oldest providers of brokerage services in the world. Thanks to their fantastic service and trading conditions, they managed to survive turbulent events such as 2008 crisis, and are still getting new clients. Now, as a part of GAIN Capital group, they are ready to deliver even more attractive offers to their present and future clients. Today, we’ll be exploring if this information is true, and can you really trade with this broker without any concerns. Is City Index a scam broker or a truly unique and trustworthy company? Read on and find out the real truth!
Is City Index a Scam? | Regulation and Safety
In order to truly establish is City Index a scam or not, we are bound to determine the existence of regulation and safety measures. Fortunately, we are more than thrilled to announce that City Index passes this test with flying colors. The company is fully regulated and authorized in UK by Financial Conduct Authority, governing regulatory body in United Kingdom. This is a rock-solid proof of a broker’s legitimacy, so you don’t have to be worried about that. Furthermore, clients’ funds are held at segregated accounts in trusted banks, rendering it intact from any possible company’s financial failures. Also, in the case of insolvency, a compensation of up to 50 000 dollars will be granted to all existing clients. Finally, all deposits and withdrawals are coated with top-class SSL encryption, making them impenetrable to all possible hacker breaches. As you can see, in terms of business regulation and safety of funds, we can only wholeheartedly suggest you to start trading here. But we still have to review more features before we reach our final verdict. Read on!
Is City Index a Scam? | Everything works
As you can see in our City Index Review article, in order to establish is City Index a scam or a truly legit broker, we have conducted a series of tests on all key features. Therefore, we are happy to state that this broker really doesn’t have any flaws at all. All deposits and withdrawals are processed swiftly, without any problems. All available trading platforms are functioning as expected, with each and every one of them offering a variety of layout options, trading tools and signals. Also, education library is always available, offering many interesting materials to anyone who wants either to learn something new, or broaden their knowledge on trading Forex. Finally, customer support can be reached by various means, and they will respond in a matter of minutes. That being said, we are now ready to give our final verdict.
Is City Index a Scam? | Conclusion
So, is City Index a scam broker? Absolutely not. As we have seen in this analysis, security measures are present, the company is fully registered and regulated, and all key features are working perfect. Therefore, there is absolutely no reason not to start trading here right now. So what are you waiting for? Open a free trading account and discover many advantages City Index has to offer to you!