Company

Spread

for EUR/USD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

City Index

Offers three ways to trade: Forex, CFDs, Spread Betting

 Offers over 12,000 instruments
City Index
See Details Try a Demo
Your capital is at risk
£25Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Variable

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Trust Score:

A

Used by:

140,000

Established in:

1983

Regulated by:

Financial Conduct Authority, A...

CFDs are leveraged products and can result in the loss of your capital. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For the United Arab Emirates

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose City Index
For the United Arab Emirates?

City Index scored best in our review of the top brokers for the united arab emirates, which takes into account 120+ factors across eight categories. Here are some areas where City Index scored highly in:

  • 34+ years in business
  • Offers 12500+ instruments
  • A range of platform inc. MT4, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.5 pips
  • Used by 140,000+ traders
  • Allows hedging
  • 3 languages
  • Leverage up to 1:200

City Index offers three ways to trade: Forex, CFDs, Spread Betting. If you wanted to trade EURUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

City Index have a A trust score, which is good. This is largely down to them being regulated by Financial Conduct Authority, ASiC and MAS, segregating client funds, being established for over 34 years, and much more. For comparison:

Trust Score comparsion

City Index
Trust Score A
Year Established 1983
Regulated by Financial Conduct Authority, ASiC and MAS
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who City Index is (& Isn’t)
Suitable For

As mentioned, City Index allows you to trade in three ways: Forex, CFDs, Spread Betting.

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with City Index, you'll need a minimum deposit of $100. City Index offers a range of different account types for different traders including a micro account, mini account, .

Finally, City Index isn't available in the following countries: CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW. They do not offer islamic accounts either.

Part 3

A Comparison of City Index vs. vs.


Want to see how City Index stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
City Index
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.5
GBP/USD Spread 2.1
USD/CAD Spread 2.0
USD/JPY Spread 1.6
DAX Spread 1.0
FTSE 100 Spread 1.0
S&P500 Spread 0.4

Comparison of account & trading features

City Index
Spread type Fixed
EUR/USD Spread 1983
EUR/GBP Spread Financial Conduct Authority, ASiC and MAS
Crude Oil Spread
Gold Spread Private Private Private
DAX Spread

Part 4

IG

www.ig.com/ae/

Formed in the UK over 40 years ago, IG Markets Ltd are an established provider of broker services, and world leader in the provision of CFDs (contracts for difference). Their achievements include breakthroughs such as being the first broker to offer online trading services in 1998 and the first to provide iPhone trading capabilities in 2008. They provide traders with access to multiple asset classes such Forex, indices, equities, commodities, and ETFs, from over 15,000 worldwide markets.

IG are regulated in the UK by the Financial Conduct Authority (FCA), who are one of the most trusted regulators in the world. For clients in the Middle East, the Dubai based IG office is authorised by the Dubai Financial Services Authority. This local oversight means that the company’s operations are thoroughly regulated and monitored.

Another reason that IG are preferred amongst traders from the UAE is that their website and trading platform are available in Arabic, ensuring that market information and educational materials are accessible. IG addresses customer concerns through its help and support portal, as well as providing a dedicated contact telephone line, based in Dubai, and Arabic email support.

Advanced and powerful trading tools are provided by IG, across multiple technological platforms, including a browser based platform, numerous device apps, and MetaTrader 4. Popular markets that are available to clients from Dubai through the platforms include the Dubai Financial Market.

Plus500

www.plus500.ae

As one of the top providers of CFDs around the world, Plus500 are a renowned broker, offering powerful technology to customers trading CFDs and Forex. The Plus500 trading platform is provided within the UAE by Plus500 UK Ltd, which is based in the UK and authorised by the respected regulatory body, the Financial Conduct Authority. As such, client funds are kept separate from business funds, in well-trusted banks, which protects client deposits against being used by administrators should the company go into liquidation.

Plus500 offer one of the most intuitive platforms, allowing instant access to a wide range of markets, such as commodities, indices, options and shares, which are available to buy or sell as CFDs, with leverage of up to 1:300, and without commission. Features such as stop, limit, and trailing stop are available on the platform, and customers can benefit from practising their trading skills in a free, unlimited demo account, which mirrors the live account. The platform offered to clients in the United Arab Emirates; as well as the website, which includes a wealth of news, market information, training tools, customer support and much more, are available in the Arabic language. Customer support is also available in Arabic.

City Index

www.cityindex.ae

City Index offer a long history of retail trading services, dating back to 1983. With their head office in the UK, they are authorised and regulated by the FCA, and their parent company, Gain Capital UK Limited has a representative office in the United Arab Emirates which is licensed by the Central Bank of the UAE. Clients from the UAE are therefore protected by a range of strict regulatory requirements adhered to by the Gain Capital group.

The City Index brand in the Middle East has been brought up to date in recent years to ensure that clients from the United Arab Emirates have access to the same advanced tools and platforms that are available to other customers around the world. The improved Advantage Trader platform and an enhanced MetaTrader 4 platform are included in the facilities available to UAE clients.

The powerful trading platforms are available risk-free for 30 days, and $25,000 virtual currency is provided to practise trading with. A range of trading tools are also available, as well as training materials, webinars, market information, charts and analysis, all in Arabic and therefore accessible to customers from the Middle East.

As City Index have won awards for their trading services, traders from the United Arab Emirates have many reasons to choose them as their preferred broker for trading CFDs, Forex, indices, metals and much more.

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