CMC and Cityindex

I dont like the new platform anyway ...

so now with a new platform they suddenly became honest?
the new platform is probably configured to rip you off even more.
from what I have seen before I wouldn't even bother with them.
eventually people will find out they are nothing but criminals!
and they will be forced to close down shop cus nobody want to make buisiness with them,
their whole buisiness idea is to rip people off,
I strongly advise anyone not to deal with them
and anyone that have money with them to withdraw ASAP!
I hear they are closing down chop in the US now
and this will probably happend in the uk chortly
if you have any money with them when that happends
I think you can forget about getting it back.

They are a complete rip off!

Spreds might look good however try closing a deal or even the vaguries of opening one with 3 x the spred anticipated!!!

Truly rubbis avoid.

I withdrew my monies with City Index. It came into my account within 3 days. Now, wondering where to park it.

Roughtrader (or anyone else), after all your insight, which broker would you recommend?

I did recommend Divisa Capital in here before,
been trading with them for several months now,
and still love them, but no micro acounts since this is
going straight through to the banks.
for some reasons 10.000 of a lot is the lowest you can trade,
which is called minilots I believe.
if a broker is offering microlot he must hedge your positions,
and thats a dealing desk, so pleace avoid brokers with microlots.
unless they have a very low spread ECN
I also think FInFX"ecn acount" seem to be good,
but no live acount yet, just demo there,
another one I have been demo testing is
Advanced markets, very nice spreads there to,
Divisa and Advanced Markets claiming to be pure DMA
they are the only ones that seem to have it and that I found so far.
DMA= direct market access, which means your orders go straight
into the real market. I believe this is the best type
since your orders are totally anonymous.
the executions are also very fast with these type of broker
I don't know exactly how it work but what I have noticed so far
is DMA is a lot better than ECNs when it comes to spread and execution time.
with ECNs we are talking seconds in some cases, DMA is milliseconds.
which is very nice if you are a scalper.
and there is no way the broker could mess with your trades.

Been using City for the past year, platform is easy to use and functional, I generally trade only two markets Dax & Dow, spread is 1 pip for each, so can't complain. Withdrawals are efficient and staff always quite pleasant.

Definitely dont open an account with CMC, they are just an out and out bucketshop! There backroom staff are bloody useless.

I Had an interesting experience with CityIndex Australia. Not only was the MT4 chart data more then 20 pips different to any other broker, but they had two different prices. on their MT4 platform there was no spike like on other brokers MT4 however on the CityIndex web based trading portal (Advantage Web) it shows the price spike. I have emailed them with screen shots and was tole that they will contact IT and get back to me (Still waiting). I have screen shots showing on the EURUSD but it happened on GBPUSD and EURJPY as far as i know, but could have happened more.
Happy i found this irregularity out now before i decided to invest more money with them.

I have only just found out that they are a market maker and will probably look elsewhere for trading although its starting to look like there is not really any real brokers out there that are fair. I have read lots of reviews and done lots of research and even the brokers claiming to be true ECN brokers seem to have some terrible reviews and stories about how they are not.

A brokers price being different from another broker is understandable but not between its Mt4 platform and its own trading platform by such a huge amount.

Anyone just had a nasty spike on the city index chart eur/usd, took my stop out, will email them and update here with screen shots and their response, not showing on any other charts eg mt4

carried on here so as not to duplicate

https://www.forexfactory.com/showthr...5#post11353685