City Index Review 2025: Pros & Cons

Each customer is allowed to register no more than three cards per account at any given time. The apps can be downloaded free of charge from the App Store or Google Play, depending on your mobile OS. Multiple languages are supported on mobile, including English, Polish, Simplified and Traditional Chinese, Arabic and German.

Our researchers open personal brokerage accounts and test all available platforms on desktop, web, and mobile for each broker reviewed on ForexBrokers.com. There are a number of different brokers available that offer CFD trading. Their expertise in contracts for difference make them one of the top choices for CFD broker.

• Additional resources such as tools, research, education and news meet a high standard.
• City Index is regulated by the FCA in the UK, ASIC in Australia, and MAS in Singapore, making it one of the most secure brokers.
• Traders benefit from variable spreads starting as low as 0.5 points and enjoy commission-free trading on most assets.
• An advanced strategies educational course lesson with progress tracking on the City Index website.
• Furthermore, the broker achieves an added layer of security by holding client funds in segregated accounts.

With competitive leverage and tight spreads, traders can access various markets to suit their strategies and risk profiles. City Index is an excellent broker with a lot of longevity in the trading industry. It offers its clients high-tech platforms and a wide range of trading tools. This broker is ideal for new traders, thanks to its excellent educational resources, though all traders, especially experienced ones, will benefit from its award-winning track record.

Other Trading Markets

Promotions include a welcome bonus up to $2,000, monthly rebates, and an affiliate program with competitive commissions. You can fund your account via Visa/MasterCard, bank wire, and formerly Pay Pal (discontinued in 2024). The support team is multilingual and available from 10 am Sunday to 5pm Friday, catering to the global client base of City Index. For UK clients, City Index is also a member of the FSCS (Financial Services Compensation Scheme), which means that, if the company is liquidated, some clients might be compensated up to £85,000.

Corporate Trading Account

City Index offers a fairly extensive education and research resource including well-made videos and articles. These will be particularly useful for beginner to intermediate traders and cover the main topics of trading theory as well as asset class-specific materials. They can be used in combination with a very strong demo trading platform which is free to use. For EUR/USD CFDs the minimum spread offered is 0.5% and the average spread 0.69% based on the time-weighted average from all quotes over the first quarter of 2017.

To wrap things up, City Index is a great fit for novice traders looking to hone their skills and knowledge. This broker is also suitable for experienced professionals, who will benefit from various advanced trading tools. The demo account is topped up with $10,000, but this is only virtual money you can use to build on your trading experience. Other than that, the demo supports the same tools and features as those in the live accounts. More advanced traders who join City Index can install the AT Pro desktop platform.

Trading accounts on CityIndex can be funded using either an internationally recognized credit or debit card, or by sending a bank wire transfer to the broker. Although there is no minimum deposit to open an account with this broker, a minimum of USD 10 or the equivalent is necessary in order to start trading. In a sort of reality TV-format, one trader was eliminated from the group each week, leaving two traders to eventually fight for a £100,000 prize in front of a live audience.

• City Index’s trading tools include high-tech trading platforms like WebTrader and MetaTrader 4 (used by millions of traders around the world).
• In 2006 the broker expanded by opening offices in Sydney, Singapore and Shanghai, servicing the Asia Pacific region, and its UAE office was opened in 2014.
• Additionally, you can speculate on 14 UK sector indices through spread betting or CFD trading.
• He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
• 69% of retail investor accounts lose money when trading CFDs with this provider.
• City Index is an excellent broker with a lot of longevity in the trading industry.

Additionally, you will benefit from the services of a dedicated manager, a loyalty rewards programme and hospitality events. The leverage and margins for the instruments coincide with those in retail Trader accounts. If you are looking for more advanced features, it is recommended to open a Premium Trader account. You have access to the same trading opportunities, 80 indicators, advanced trading tools, 16 types of charts in HTML5, the Reuters news feed and one-click trading.

Account Information

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Traders can place trades as small as 0.01 lots (micro lots) when dealing with MT4. When dealing with Indices, commodities, and stock CFDs, the instrument being traded determines the minimum stake.

Mobile trading apps at City Index

GAIN Capital itself was later acquired by StoneX Group in 2020, making City Index part of StoneX’s retail brokerage division. City Index offers some of the best trading tools and analysis to help traders perform better. Their unique post-trade analytics and voice brokerage service make it an excellent choice for large and frequent traders. It may have a well-regulated trading environment, a wide range of instruments, and competitive fees, but there are a few things that could use improving. Here is a detailed look at the benefits and drawbacks of City Index, allowing traders to decide if this broker is right for them.

For newer traders, City Index has a lot of educational tools that can help those who want to learn more about the industry. These tools include a Trading Academy with courses, lessons, and a glossary. More experienced traders will also benefit from their fast execution speeds,  exclusive trading tools and analytical features. Like other brokers in the U.K., City Index offers spread-betting across its available markets, providing tax efficiencies for U.K. The following table summarizes the different investment products available to City Index clients. Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.

City Index provides access to both MetaTrader 4 and a proprietary platform, catering to a variety of trading preferences. Yes, City Index is well-suited for beginners, offering extensive educational content and support. There are different account types available at City Index, each of which is perfect for different experience levels and trading preferences. Wide Range of Markets – Take a position on thousands of individual shares, indices and currencies around the world. You can  also place trades on sectors, commodities, bonds and interest rates.

#2 Complete the Account Opening Form

The platforms are designed for easy navigation and offer robust features to enhance trading efficiency. The service offered is to an extremely high quality both in terms of trading platform software and choices as well as pricing, trading conditions and customer service. Additional resources such as tools, research, education and news meet a high standard. A safe, quality bet for traders of all profiles from beginner to professional.

24-Hour Dealing – Spread betting is available 7 days a week, 24 hours a day. It is a true non-stop market, enabling you to spread bet even when the underlying markets are closed. Tax-free Profits – All profits made in spread betting are exempt from UK Capital Gains Tax. Bank transfers generally take 1-3 business days to process, while e-wallet withdrawals are typically faster, often completed within a few hours. Credit/debit card withdrawals may take slightly longer to process, depending on the bank’s procedures.

Marketing and sponsorship

City Index offers competitive spreads, giving traders the option to go long or short on these markets. The platform provides its clients with several ways to trade Forex, including CFDs and spread betting. If you reside in the United Kingdom, we suggest choosing the spread-betting Forex option, as any profits you generate are exempt from capital gains tax.

In 1997, Michael Spencer acquired City Index from its original founders and owned the company until 2014 when it was sold to GAIN Capital, a financial services company based in Bedminster in the USA. City Index started out as a spread betting broker before introducing CFDs in 2001. In 2006 the broker expanded by opening offices in Sydney, Singapore and Shanghai, servicing the Asia Pacific region, and its UAE office was opened in 2014. It is regulated by the FCA in the UK, ASIC in Australia, MAS in Singapore and the UAE Central Bank in the UAE. The broker also operates across the rest of the EU and EEA through theMiFID financial passporting system. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better).

Each account type has its own set of features and requirements, so it’s crucial to choose the one that best suits your trading goals and experience level. It’s also worth mentioning that City Index offers a city index review demo account but not a swap-free Islamic account. At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers.