City Index was founded by GAIN Capital and is regulated by the Financial Conduct Authority. The company is based in London and has several offices in different cities worldwide, including the UK, Australia, Singapore, and Dubai.
- No withdrawal fees
- Great choice of assets
- Powerful search tools
- Great customer support
- No social trading data
- Limited choice of cryptocurrencies
City Index is a well-respected broker that is currently regulated in eight different countries around the world, including FCA, MAS, CySEC and others. It is also one of the most well-established and reputable brokerage companies operating today.
One of its advantages is its responsive and competent customer support service, which is available around the clock to all new and potential customers. Users first need to to ask their questions in the chatbot, which directs them to a human customer representative.
Our team of experts studied all the details of trading, using City Index, on various trading platforms, and so we have drawn our own conclusions, of which you can find below.
City Index – Who Are They?
City Index is a spread betting, forex, and CFD trading provider, based in the UK. It’s a leading broker that has operated on the trading market since 1983.
City Index is an excellent trading broker that allows you to trade in a well-regulated trading environment on several convenient trading platforms. What’s more, the broker can boast of a competitive pricing structure and a wide selection of over 12,000 assets.
Using City Index’s services, you can trade CFDs on over 4500 shares of the most popular public companies in the world. The broker also offers forex CFD markets for over 65 global currency pairs. You can choose among USD, GBP, EUR, and other cross-currency pairs.
City Index has a really powerful research portal, which is updated every day with the latest market reviews and news. There are tons of videos, articles, news pages, and even webinars, although some of its content requires a paid subscription.
Compare City Index Features With Other Brokers
Compare brokers
Commissions and Fees
| Type | Fee |
|---|---|
| Minimum deposit | £100 |
| Inactivity fee | $15 |
| Withdrawal fee | $0 |
| Deposit fee | 2% |
| Overnight fee | +2.5% on long positions |
| EUR/USD spreads from | 0.5 pts |
| Trade major indices with spreads from | 0.4 pt |
| Commission on shares | 0.08% |
| Trade US Crude with spreads from | 1.5 pts |
| Spot gold spreads from | 0.5 pts |
Our Opinion About City Index
City Index is an excellent trading platform that is suitable for novice traders and those with an intermediate level of trading skills. The broker has a lot to offer newcomers: various educational materials and powerful research tools that allow them to understand the trading market better.
Moreover, the broker offers a closer look at their trading platforms by using a demo account, which is absolutely free for 12 weeks. This is ideal for new traders who are not sure whether to choose City Index. Those who have just started their trading journey can trade £10,000 in virtual cash and study, in detail, how City Index actually works, before making a commitment.
FAQs
City Index leverage varies depending on the underlying asset. Major currency pairs have a leverage limit of 30:1 while non-major currency pairs, gold and major indices have a limit of 20:1. Individual equities and cryptocurrencies have a leverage limit of 5:1 and 2:1, respectively.
Yes. One of the reasons City Index is good for beginners is its simple trading platform which features a comprehensive research and education section. On top of that, City Index offers a demo account pre-funded with £10,000 in virtual currency that you can use to practise your trading skills, learn how to execute trades and orders with the broker, or try new trading strategies.
To place a spread bet on City Index, you must first open a trading account with the broker. After that, decide which market you want to trade on.
Next, click ‘buy’ if you think the price of the instrument you’re trading will rise in value or ‘sell’ if you think it will drop in value. Once you have decided whether to buy or sell, select your stake size. For example, if you stake £10, you will win or lose £10 for every point the instrument rises or drops in your favour.
Yes. City Index allows scalping, copy trading, and hedging. As a customer, you can utilise these strategies to maximise gains.
City Index is a spread betting, forex, and CFD trading provider, based in the UK. It’s a leading broker that has operated on the trading market since 1983.
City Index Review Details
✔ Large product catalogue
Is City Index a forex trading broker for experts or beginners?
City Index caters to both beginners and experts.
For me it is very important that after a few years of searching for my broker, I finally chose City Index broker. The broker offers an excellent trading account, this account is the only one he has, but with very good trading conditions. In addition, it is worth noting an important fact that you can earn at the broker not only as a trader, but also as a partner. If we talk about the withdrawal of money, there are different methods of deposit and withdrawal, and the deposit is free, and the withdrawal takes place during the day.
Great, easy to understand platform. A little expensive on some spreads, but made up for by extremely good and rapid execution. Trustworthy and with several tools, I recommend it!
City Index is a good broker for those who understand and appreciate the risks. Their spread cost is very reasonable and the order execution is immediate. Orders are always filled with almost no slippage. The City Index customer service is very responsive, efficient, and always available.
Overall, the trading platform is very reliable. And it is very good for the more adventurous investors and traders. Not much more to add really.
I can withdraw money and I think it is good news. I can say that they are really reliable. Thank you, keep up the good work.
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal