To open your account with City index, you’ll be prompted to choose your account type. You can choose to open CFD, Spread Bet, or both in the same account.
You will go through a very smooth and user-friendly process to open your trading account with city index. All you need is an email or a social platform login credentials.
Traders from almost all countries should be able to open their account, however, there are citizens of countries such as the USA & Canada that won’t be able to open an account due to their financial regulations.
As you can see below, all of your questions are clearly answered in city index FAQ website. Obviously, you can immediately use your demo account for free
Both City Index CFD and Spread Betting accounts are first in first out accounts, it’s also known as FIFO.
With FIFO mechanism, no new position will be opened in the market that you already have an open position, and your position will be amended. 1 point spreads available on the UK 100, Germany 30, France 40 and Australia 200 during market hours.
At City Index, you can choose from these 9 base currencies: USD, USD, CHF, HUF, AUD, CHF, JPY, PLN, GBP. Your default Base currency is British Pound.
In case you decide to trade with real money, you will be requested to provide your passport copy and a proof of residency (something like a utility bill or bank statement).