City Index Bonus Review – Why you should seek alternatives?
City Index is not the most famous Forex broker and definitely not among the top 50 Forex brokers, as well. However, this UK-based brokerage company offers access to more than 12,000 financial instruments including indices, 4500+ global stocks, 84 Forex currency pairs, and commodities. The broker has more than 35 years of trading experience and holds an authorization from the Financial Conduct Authority in the United Kingdom (FCA). Also, the broker is listed on the NASDAQ.
City Index Deposit Bonus is not reliable
One of the most contradictory things with the City Index deposit bonus is the fact that despite being regulated and based in the United Kingdom, the broker still offers bonus programs. As you may already know, the regulators in Europe strictly prohibit bonus offerings. Therefore, City Index should not be legally authorized to offer a deposit bonus. At the moment, the bonus program is no more active. However, throughout previous years the customers of the broker were offered the deposit promotional program which makes us believe that the broker’s offers are highly unreliable. There should be an issue either with the City Index broker regulation, or the deposit bonus terms and conditions.
If you claim City Index Bonus, do not expect to claim your deposit back. This is basically the rule. And, as you would expect, we are not guided just by opinions of the internet. We have tried it on our own, and there is still no money returned. So, learn from the mistakes of others, stay safe!
City Index Deposit Bonus Alternative
If you want our recommendation, it is really simple. There is no reason to look for some highest bonus or something like that. You should just take 50% from XM and trade with them. They are reliable and will not ever fool you and take your money away. Of course, if you do not like this deal, you take part in some Forex Contest, but we like this deal more.