City Index Demo Account – Opening Tutorial and Review

filippo ucchino Filippo Ucchino calendar Last Updated: July 2022 timer 5 Min Read

The following article is going to show you everything you should know about the demo account on the City Index trading platform.

Here we provide a full step-by-step on how to open your demo account as well as introduce all aspects of the account itself.

Main features of the City Index demo account:

  • 12 weeks trial
  • It’s totally free
  • Easy to open
  • Wide range of platforms and account types to try
  • All live account markets and assets available
Table of Content

Round-up

City Index demo account Characteristics
Demo available Yes
Trial duration 12 weeks
Demo platforms Proprietary platform, MT4
Virtual money amount $10.000
Customizable features Yes

Visit City Index
73% of retail CFD accounts lose money

City Index demo account opening tutorial: step by step procedure

Our full City Index review goes in depth on all aspects of the broker. Here we focus on the City Index demo account and all the details about it.

Step 1: Visit the City Index’s website

Go to the City Index homepage. From here you will be able to select the option to open a demo account.

Apply for a City Index demo account from the homepage

Visit City Index
73% of retail CFD accounts lose money

Step 2: Fill the registration form

Filling in the form should be fast and simple. Just complete it as you see below with your name, surname, email, phone, and country of residence.

Fill in the register form for a City Index demo account

Step 3: Customize the demo account

After you click ‘submit’ you will be redirected to a page, as you can see in the image below.

the login details for City Index demo account

The page shows you the login details and will require you to select the platform you want to use.

With City Index you can use the desktop (MT4), webtrader, or the mobile versions of the City Index platforms.

If you choose the webtrader, no download is needed. However, desktop platforms need to be downloaded and installed before being ready to use.

Step 4: Verify your profile

It is not required to be verified to start using the demo account as you can access the platform directly from the summary page that appears after you have completed the registration form.

Regardless, the broker will still send you an email to your email box with all the details recap.

If you choose and download the MT4 platform, after that the broker will send you the MetaTrader details you need to enter the platform.

Step 5: Login into the demo account

After downloading the platform (if you chose the MT4 desktop version), 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.

The City Index Webtrader initial screen you are greeted with should look just like the image here:

The City Index webtrader screen

City Index demo account features

The City Index demo account is simple to open. Just a valid email address and a valid phone number are needed.

The account has a 12 week duration and you cannot open multiple demo accounts at the same time, but after the current one’s trial expires, you can open another one right away.

There are more than 12,0000 tradable markets and $10,000 in virtual currency is available.

MT4 and City Index WebTrader are both available platforms to use. There are also tools to speed up learning such as educational tools accessible.

Differences between live and demo City Index accounts

There are several demo account types available with City Index: CFD, Joint CFD, Spread Betting, and FX MT4 account.

The main difference you will find between a live and demo account is Slippage. It is the price difference between the initial order price you requested and the effective order’s execution price. Slippage won’t happen in a demo account because you deal with virtual money, but will happen in a live account because prices change very fast.

The demo expires after 12 weeks. For live accounts, an inactivity fee starts after 36 months of inactivity, with a value of $12.

How to switch to a live account

When switching to a live account, your demo account will still be available.

To open a live account you need to upload a proof of your identity (Passport, ID or Driver License) and a proof of your residence (Bill utility or bank statement) to be verified by City index.

Depending on the country, you may show your trading knowledge and experience by filling out a questionnaire.

After you’ve been verified, you can proceed to make the first City Index minimum deposit which should be at least $100.

How to best use your City Index demo account

Here are a few tips on how to get the best use out of your City Index demo account.

  • Set up your demo like you would do with a live account and choose the platform
  • Do not open large positions if you are not planning to trade with large amounts of money
  • Treat money as if it were real
  • Practice daily to speed up your improvements
  • Study and integrate knowledge with the tools offered by City Index, which offers a great amount of educational material through their ‘Training’ section

Pros and cons of the City Index demo account

Pros

  • You can open multiple accounts
  • Wide range of demo account types
  • Good array of trading platforms

Cons

  • It lasts 12 weeks

Open Account
73% of retail CFD accounts lose money

About The Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Leave a Reply

Your email address will not be published.

Better Informed

Find and Compare The Best
Online Broker For You

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
ADVERTISER DISCLOSURE: InvestinGoal is completely free to use for all. Though we may receive a commission from brokers we feature, this does not impact the results of our reviews or rankings which are conducted with complete independence and objectivity, following our own impartial methodology. Help us continue to provide the best free broker reviews by opening your account with our links. Please read our Advertiser Disclosure to learn more.
Copyright © 2022 InvestinGoal.com – All rights reserved. / Privacy and Cookie Policy / Basic Terms of Use / Risk Warning / Sitemap