So, are you thinking about trading with City Index?
Excellent news. Be sure to check out our in-depth city index review for everything there is to know about the broker.
Aside from that, the City Index demo account is a wonderful starting point. We will tell you everything you need to know about it including a full step-by-step on how to open your demo account.
Let’s take a closer look.
City Index Demo Account Opening Tutorial
Here is a close, step-by-step look at how you can open your City Index demo account right away.
Step 1 – Getting Started With Your City Index Demo Account
The very first thing you need to do is go to City Index’s homepage. Here you should select the ‘create a demo account to trade risk-free’ option which is under the ‘Create Account’ green button (73% of retail CFD accounts lose money).
This will get you started.
Step 2 – City Index Demo Account – What Documents/Information do you Need?
If you are opening a demo account, you need minimal details. Just an email address and a phone number will be fine. Of course, if you want to move on to a live account, you will need a copy of your ID or passport, and a recent utility bill or bank statement.
Step 3 – Fill in the registration form
Filling in the former should be fast and simple. Just complete it as you see below with your Name, Surname, Email, Phone, and Country of residence.
With this information in, just click submit and you will be redirected to a page with your login details. Take note of the information you find here.
Step 4 – Choose the Platform
The next thing to do, within the same page, is select the desktop, webtrader, or app version of the trading platform you intend to use.
You can download the desktop platform also directly from this page, or you can choose the webtrader in which case, no download is needed. All you need to do with that is press ‘Login to Web Platform’ to start trading and enter your login details.
If you are using the mobile app version, then you will need to download this from your appropriate store where it is available in both the Google Play (Android) and App Store (iOS).
Step 5 – First login into the demo account
With the download of the platform finished, you have done everything you need to. You are then ready to log-in with the log-in credentials you got earlier, and start trading on your demo account.
City Index Demo Account Review
Here is a closer look at some key elements and questions around the City Index demo account from what we have found.
What Types of City Index Demo Account are Available?
There are several types of demo accounts available to cover many of the main live trading accounts offered. You can choose from a CFD, Joint CFD, Spread Betting, and FX MT4 account, all of which are available as demo accounts.
For the full lowdown on this, you can check out our City Index account types guide.
City Index Demo Account Features, Restrictions, and Differences with Live Account
There are very few differences between a City Index demo and a live account. This is besides the fact that all funds traded are virtual and you have no risk at all of losing money.
The other difference is that slippage will not occur on a demo account since funds are virtual. On a live account, although it is rare, slippage can occur from time to time.
Advantages of Trading with a City Index Demo Account
There are several advantages to trading with a City Index, or any demo account. These start with the fact that a demo account is a completely risk-free way to replicate real trading. It allows you to get to grips with the broker, and trading, with no chance of losing money.
You will get a very real replica trading experience, along with real-time pricing and a £10,000 (or AUD$20,000 for Australian traders) balance in virtual cash. You will also find within the account, highly competitive pricing, and a great range of assets to choose from. This extends to a live account that offers the same top features for a low $100 minimum deposit.
You can read our City Index minimum deposit guide for more information on that.
Don’t forget that at City Index you have the opportunity to try spread betting, CFD, and forex trading, all available through MT4.
City Index Demo Account Management
City Index Demo Expiring time
The City Index demo account is available for 12 weeks. You can open multiple accounts if you feel you need more time. The broker support team is also on hand to help you step up to a live account when you are ready.
City Index Demo – FAQs
What is the best demo trading account?
There are plenty of brokers that offer excellent demo accounts. We made a top ten listing of the best unlimited best forex demo account choices.
Are demo accounts fake?
Demo accounts should not be considered fake in a bad way. They are risk-free practice accounts filled with virtual money. Here, as a trader, you can test your skills before opening a live account with real money.