City Index stands as one of the most established and well-regulated brokers in the global financial market. Established in 1983, this London-based firm has decades of experience offering Contracts for Difference (CFDs) and Spread Betting (for UK clients), boasting a deep liquidity pool and advanced proprietary trading technology. Our comprehensive 2026 City Index review delves into their regulatory standing, fee structure, trading platforms, and overall value proposition for both retail and professional traders.
City Index Overview: A Trusted Global Provider
City Index has solidified its reputation through stringent regulatory compliance and consistent delivery of sharp pricing across thousands of instruments. It is a preferred choice for traders seeking reliability and a professional-grade trading environment. The broker is particularly well-known for its excellent proprietary Web Trader platform and competitive pricing on major FX pairs and indices.
As a subsidiary of StoneX Group Inc. (NASDAQ: SNEX), a Fortune 100 company, City Index benefits from massive financial backing and global reach, adding a significant layer of trust to its operations.
BrokerJudge Expert Ratings for City Index (2026)
Our expert analysis evaluates City Index across critical performance metrics, resulting in a high overall score, primarily driven by exceptional regulation and platform quality.
| Category | Score (Out of 10) | Notes |
|---|---|---|
| Safety & Regulation | 10.0 | Top-tier regulation (FCA, ASIC, MAS). Strong financial backing. |
| Fees & Spreads | 8.8 | Competitive tight spreads on major indices and FX. Transparent pricing model. |
| Trading Platforms | 9.5 | Excellent proprietary platform (Web Trader) combined with MT4 access. |
| Account Types | 8.5 | Good distinction between CFD and Spread Betting. Lack of dedicated ECN/Raw accounts. |
| Instruments Offered | 9.2 | Vast range, including 65+ FX pairs, thousands of shares, and indices. |
| Customer Support | 9.0 | 24/5 availability with prompt, knowledgeable service. |
| Overall Broker Judge Score | 9.1 |
Is City Index Safe? Deep Dive into Regulation and Security (E-A-T)
For traders prioritizing safety, City Index represents one of the most secure choices globally. Its long operating history and robust regulatory framework underscore its legitimacy. The question “Is City Index a scam or legit?” is easily answered by examining its licenses.
Regulatory Bodies and Licenses
- Financial Conduct Authority (FCA), UK: As a primary regulator, the FCA imposes strict capital requirements, internal risk controls, and client money segregation rules. This provides the highest level of protection for UK traders.
- Australian Securities and Investments Commission (ASIC): Provides regulatory oversight for operations in Australia.
- Monetary Authority of Singapore (MAS): Regulates City Index’s operations in Singapore, ensuring adherence to strict Asian financial laws.
- Financial Services Authority (FSA), Seychelles: Used for international market operations, though retail traders typically fall under the FCA or ASIC umbrella where available.
Client funds are held in segregated accounts separate from the company’s operational capital, ensuring they are protected even in the unlikely event of insolvency. Furthermore, clients under FCA regulation benefit from the Financial Services Compensation Scheme (FSCS), which protects up to £85,000.
Retail Investor Loss Disclosure
City Index, like all regulated CFD providers, must disclose the percentage of retail investor accounts that lose money. As of our 2026 data, 78% of retail CFD accounts lose money with City Index. This figure aligns with industry averages and underscores the high-risk nature of leveraged trading, not the broker’s integrity.
City Index Fees, Spreads, and Commission Structure
One of City Index’s major advantages is its transparent, competitive pricing model, which primarily relies on spread-based trading for FX and indices. Understanding the full cost structure is crucial for any serious trader.
Forex Spreads
City Index offers highly competitive variable spreads. Their spreads are generally among the best for FCA-regulated brokers that do not use a dedicated ECN model. Typical average spreads for key instruments include:
- EUR/USD: As low as 0.5 pips (typical average 0.9 pips)
- GBP/USD: Approximately 1.5 pips
- Major Indices (e.g., UK 100): From 1.0 point
This pricing is offered across both their CFD and Spread Betting accounts.
Commissions
City Index operates a commission-free model for most FX and index CFDs, with costs built into the spread. Commissions are only applied to Share CFD trading, where they are charged as a percentage of the trade value:
- UK Share CFDs: Minimum £10 or 0.08% commission.
- US Share CFDs: Minimum $15 or 1.8 cents per share.
Non-Trading Fees
While deposits and withdrawals are generally free of charge from City Index’s side, traders must be aware of an inactivity fee:
- Inactivity Fee: £25 (or equivalent) charged monthly after 12 months of no trading activity, provided the account holds a cash balance.
- Overnight (Swap) Fees: Standard market swap fees apply for positions held overnight. These are calculated based on the instrument, interest rates, and trade size.
City Index Account Types Analysis
City Index offers a streamlined range of accounts tailored to different trading objectives and regulatory requirements, specifically catering to CFD and Spread Betting markets.
1. CFD Trading Account
This is the standard international offering for trading global markets (Forex, indices, commodities, etc.).
- Leverage: Retail leverage is capped at 1:30 for major FX pairs under FCA/ASIC regulation.
- Pricing: Spread-based for FX/Indices, commission-based for shares.
- Minimum Trade Size: 0.01 lot.
2. Spread Betting Account (UK and Ireland Only)
Spread Betting is unique to the UK and Ireland. Profits generated from spread betting are currently exempt from Capital Gains Tax and Stamp Duty.
- Mechanism: Trading on whether an instrument’s price will rise or fall, staking a set amount per point movement.
- Risk: High leverage is available, but risks are identical to CFDs.
3. Professional Account
Available to experienced traders who meet specific criteria regarding trading frequency, portfolio size, and experience. Professional accounts lose some regulatory protections but gain access to significantly higher leverage (up to 1:400) and greater flexibility.
Demo Account Access
City Index offers a robust, free, and unlimited demo account. This is essential for new traders to test the proprietary platform and develop strategies in a risk-free environment, utilizing live market conditions.
Trading Platforms: Web Trader, MT4, and Mobile
City Index offers a choice between its powerful proprietary platform suite and the globally recognized MetaTrader 4 (MT4). This flexibility is a significant benefit to traders.
City Index Advantage Web Trader
The proprietary platform is highly rated for its functionality, speed, and user experience. It is browser-based, requiring no download, and is optimized for advanced analysis.
- Charting Tools: Advanced HTML5 charting from TradingView, offering 100+ indicators and sophisticated drawing tools.
- Market News: Integrated real-time news feeds, economic calendars, and actionable market analysis.
- Order Execution: Low latency execution and advanced order types (O.C.O., Trailing Stops).
MetaTrader 4 (MT4)
City Index fully supports MT4, catering to traders who prefer the industry-standard platform, especially those who rely on automated trading systems.
- EAs/Robots: Full support for Expert Advisors (EAs). This makes scalping and algorithmic news trading possible.
- Customization: Access to the vast MT4 Marketplace for custom indicators and scripts.
City Index Mobile App
The dedicated mobile application mirrors the functionality of the Web Trader, offering full account management, comprehensive charting, and the ability to execute trades quickly on the go. The app is highly intuitive and maintains the professional feel of the desktop experience.
Deposits and Withdrawals Process
The financial transaction process with City Index is secure and generally efficient, reflecting its status as a highly regulated broker. They support several standard funding methods.
Minimum Deposit and Funding Methods
The account opening process requires a $0 minimum deposit, though we recommend a starting balance of at least $100 to execute meaningful trades. Supported deposit methods include:
- Debit/Credit Cards (Instant funding)
- Bank Transfer (1–3 business days)
- E-Wallets (Skrill, PayPal – varies by region, often instant)
Withdrawal Policy and Timeframes
City Index processes withdrawals promptly, typically within 1–2 business days. The time for funds to reach the client depends on the method:
- Card/E-Wallets: 1–3 business days after processing.
- Bank Transfer: 3–5 business days.
Crucially, City Index does not charge internal withdrawal fees. However, traders should confirm if their bank or card provider applies charges for international transactions.
Market Instruments and Trading Products
City Index provides access to an exceptionally wide array of global financial markets, catering to diverse trading strategies.
| Asset Class | Number of Instruments | Notes |
|---|---|---|
| Currencies (Forex) | 65+ Pairs | Majors, Minors, and Exotics. Tight spreads available. |
| Indices (CFDs) | 25+ Global Indices | Including UK 100, Germany 40, S&P 500, with competitive points spreads. |
| Shares/Equities (CFDs) | 4,500+ Shares | Global stocks from the US, UK, Europe, and Asia. Commission applies. |
| Commodities (CFDs) | 25+ Commodities | Gold, Silver, Oil (WTI and Brent), soft commodities. |
| Cryptocurrencies (CFDs) | 10+ Major Cryptos | Bitcoin, Ethereum, etc., traded via CFDs (no underlying asset ownership). |
| Bonds & Interest Rates | Yes | Government bonds and interest rate products available for long-term trading. |
Advanced Trading Features and Strategy Execution
City Index provides the necessary infrastructure for advanced trading techniques, ensuring their environment is suitable for high-frequency and strategic traders.
Scalping and Hedging
Both scalping (rapid trade execution to profit from small price movements) and hedging (simultaneously holding long and short positions on the same or related assets) are fully permitted and supported by City Index’s technology. The low latency of their platform ensures competitive execution speeds vital for scalping strategies.
Automated Trading (EAs)
Through the MT4 platform, traders can utilize Expert Advisors (EAs) and custom scripts for fully automated trading. The broker’s reliable execution and server location management (in major financial hubs) are conducive to automated systems.
Risk Management Tools
The platform includes essential risk mitigation features:
- Guaranteed Stop-Loss Orders (GSLOs): Available for an extra premium, ensuring the trade closes at the specified price regardless of market gapping.
- Margin Call & Stop Out Levels: The standard margin call is at 100%, with the stop out level set at 50%. This structure provides reasonable protection before a total loss of margin occurs.
Customer Support and Educational Resources
City Index’s commitment to client support and education is significant, reinforcing its reputation as a premium broker.
Support Channels
Customer support is available 24 hours a day, five days a week (Monday to Friday).
- Live Chat: Fastest method, highly responsive.
- Phone Support: Direct lines available for various regions.
- Email Support: Suitable for detailed inquiries regarding account or compliance issues.
Education Offered
The broker provides extensive educational materials, catering to both novice and advanced traders. Resources include:
- Detailed guides on Spread Betting vs. CFDs.
- Platform tutorial videos.
- Daily market analysis and news commentaries provided by in-house experts.
- Webinars covering technical and fundamental analysis.
City Index Alternatives
While City Index excels in regulation and proprietary platform quality, traders seeking different models might consider the following alternatives:
- IG Markets: Often considered City Index’s primary competitor, offering a similarly vast product range and strong FCA regulation, sometimes boasting slightly tighter index spreads.
- Pepperstone: Excellent alternative for high-volume traders requiring ultra-low ECN spreads and a wider selection of third-party platforms (MT4, MT5, cTrader).
- CMC Markets: Highly competitive on spread costs and offers a proprietary platform with outstanding analytical depth, often surpassing City Index in sheer number of tradable instruments.
Final Expert Verdict on City Index
Based on our 2026 analysis, City Index maintains its position as a top-tier global broker. Its nearly 40 years of operation, coupled with multi-jurisdictional regulation (FCA, ASIC, MAS), provides an unparalleled layer of security. The broker is ideal for experienced UK traders interested in tax-efficient Spread Betting, and international CFD traders seeking a professional, highly functional proprietary platform.
While the spreads are not the absolute lowest on the market compared to some pure ECN brokers, the reliability, execution quality, and breadth of research tools justify the costs. For serious retail traders who prioritize trust and a high-quality user experience over minimal pips, City Index is a highly recommended choice.
Frequently Asked Questions (FAQs)
Is City Index a legit broker?
Yes, City Index is highly legitimate. It has been operating since 1983 and is regulated by multiple top-tier financial authorities, including the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). It is also a subsidiary of the publicly traded StoneX Group.
Does City Index offer the MetaTrader 4 (MT4) platform?
Yes, City Index offers full access to the MetaTrader 4 (MT4) platform, alongside its award-winning proprietary platforms, Advantage Web and the mobile app. This allows clients to utilize EAs and specialized indicators.
What is the minimum deposit required to open a City Index account?
While you can open an account with $0, City Index recommends a starting balance of $100 to execute trades effectively. There is no set minimum deposit requirement to activate the account.
What leverage is offered by City Index?
For retail traders regulated by the FCA or ASIC, the maximum leverage is capped at 1:30 for major Forex pairs. Professional clients who qualify can access higher leverage, potentially up to 1:400.
Does City Index allow scalping and hedging?
Yes, City Index allows both scalping (high-frequency trading) and hedging strategies across all its platforms.
Are there any withdrawal fees at City Index?
City Index does not impose any internal fees for standard deposits or withdrawals. However, third-party bank or payment processor fees may apply, especially for international bank transfers.
What is the difference between CFDs and Spread Betting accounts at City Index?
Spread Betting is only available to clients in the UK and Ireland and offers tax benefits, as profits are generally exempt from Capital Gains Tax. CFD trading is available globally but does not offer the same tax exemptions.
Is City Index suitable for Forex trading in India?
City Index does not specifically target or regulate services for residents of India due to local restrictions on margin trading. Traders in India would need to verify local regulations and may fall under their offshore entity, which may lack high-tier regulatory protections. It is crucial to check the specific StoneX entity servicing your region.
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