CityIndex
3.8

CityIndex

Regulation: Financial Conduct Authority (FCA)

Pros
  • Safe, regulated broker (low-risk) for forex and CFDs trading
  • Web Trader platform with selection of advanced trading tools and integrated research
  • City Index mobile app balances advanced functionality with ease-of-use
Cons
  • At City Index, you can only trade CFDs, forex and cryptos. Other popular asset classes, like real stocks or funds, are not available.
  • City Index stock CFD fees are high and an inactivity fee kicks in after one year.

Reviewed broker: CityIndex

Established in 1999

Trading Instruments: Spread Betting, Forex, Indices, Shares and Commodities

Regulation: CityIndex is committed to providing a market-leading service based on fair and transparent prices, comprehensive customer support and are authorised and regulated by the Financial Conduct Authority (FCA).

Operated by:  StoneX Financial Ltd.

Location: UK

Trading Conditions

Quality trade execution, risk management and transparent pricing

Segregated client money bank accounts

FX trading on 84 FX pairs as Spread Betting, CFD Trading and FX on MT4

Spreads from 0.5 points

 Leverage is up to 400:1

Margin requirements are listed below:

Trading Leverage  Equivalent Margin Required  
20:1 5% 
25:1 4% 
50:1 2% 
100:1 1% 
200:1 0.5% 
250:1 0.4% 
300:1 0.33% 
400:1 0.25% 

Practice Trading

Demo account is available in both Advantage Web and City Index FX App. Platforms, comes with $10,000 virtual funds and shows real time prices. The limitation to only 14 days usage is rather surprising, since most brokers offer unlimited demo account, however there is a bright side to the story – you can reapply for a new demo account. Unfortunately all previous account history will be gone.  

Spread Betting Features

Spread Betting differs from conventional trading style that you might be familiar with. With spread betting you can profit regardless whether the market goes up or down.

Tax-free Profits – All profits made in spread betting are exempt from UK Capital Gains Tax.

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.

Leverage – The margin for currencies start from just 1%, meaning that the potential for profits, or losses, from an initial funding outlay is substantially higher than with traditional trading.

Ability To Go Long or Short – Gain exposure to market movements regardless of the direction in which the markets are moving.

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.  

Trading Platforms

TradingView

All things trading are here – supercharged charting tools, the world’s largest social network for traders, and now spread betting.

Seamless platform experience

Enjoy a powerful, intuitive and customisable platform with 100% synced layouts, watchlists and settings across devices.

State-of-the-art trading tools

Find standard and custom indicators right next to advanced screeners and a live news feed — no need to switch platforms to trade effectively.

TradingView community

Dive into an active community of traders and choose from thousands of ideas and scripts to help you make informed decisions.

MetaTrader 4

Enhance the MT4 trading platform with unique tools – and benefit from the same tight spreads and fast trade executions as City Index’s proprietary platforms.

Expert Advisors

Automate your trading strategies with nine different Expert Advisors (EAs) from FX Blue. Adapt your EAs to suit your style.

Customisable economic calendar

Understand the impact of key market-moving events, and plan your forex trading strategies accordingly.

MT4 mobile trading app

Take your MetaTrader on the go with the Android and iOS apps.

WebTraderTraderViewMetatrader 4
Key differencesTrade 13,500 City Index marketsAccess Performance AnalyticsTrade with SMART SignalsExceptional charting experienceActive social trading communityAsset screeners and financial reportsUtilise Expert Advisors (EAs)Access MetaTrader Market
AccountsCFD and spread betting accountsCFD accountStandard MT4
PlatformsWeb Mobile DesktopWeb DesktopWeb Mobile Desktop
MarketsIndices Shares FX Metals CommoditiesIndices Shares FX Metals CommoditiesIndices FX Metals Commodities
ChartingAdvanced TradingView chartingCustomisable workspacesOver 10 chart typesOne-click dealing through chartsOver 80 technical indicatorsRange of drawing tools100+ pre-built indicators100,000 community-built indicators50+ drawing tools12+ chart typesUp to 8 charts per tabDrag-and-drop trading on charts30 standard indicatorsOver 2,000 free technical indicators700 paid-for indicators9 timeframes24 analytical objects
FeaturesRange of order typesCustom watchlistsIn-platform price alertsHedging capabilitysRange of order typesCustom watchlistsHedging capabilityVarious alert typesNo third-party bridgeRange of order typesCustom watchlistsHedging capabilityNo third-party bridgeEA hosting
ToolsSMART Signals with suggested trade ideas based on historic price actionFundamental and technical analysis on hundreds of markets through Trading CentralMeasure your trading performance and behaviour with Performance AnalyticsFully integrated market news from ReutersPine Script — a lightweight, yet powerful, language for developing indicators and strategiesStock, forex, crypto screeners and corporate reports for markets analyticsFully-integrated market news from Reuters and other sourcesSimulate trading on your chart and use historical data to test various strategies with detailed reportsFX Blue, complete with over 20 apps with custom indicators and Expert AdvisorsFundamental and technical analysis on hundreds of markets through Trading CentralFully integrated market news from Reuters

City Index Educational Resources

CityIndex reviews wide variety of educational materials on its websites. The broker offers many ways to learn trading:

Webinars – extensive library of free webinars to improve your skills

Risk management – learn to control the risk and maximize your trading potential

Learn to trade program – great start for beginners with spread bet from 25p per point. 

CityIndex Payment Methods

Minimum deposit requirement to CityIndex account is $100. In order to transfer the funds, click on “Accounts” tab in your trading platform and choose “Fund Your Account” option.

The broker only accepts Visa/Delta debit cards and Master Cards. There is a transaction fee of 1.5%. The limitation in payment methods is definitely a disappointment. The broker should consider adding alternative methods, such as Skrill and Paypal to their list of available payment choices.  

City Index Customer Support

Customer support is available from Monday to Friday, 24 hours a day via email, phone or live chat. The website of the broker also provides extensive Help and Support section with most frequent QA

How was the rating of CityIndex performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on CityIndex FX broker performance and features. 

Overall our online CityIndex review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online CityIndex or you find inaccurate details CityIndex broker review please get in touch with us and the changes will be applied.  

CityIndex Details

Trading Platforms
Payment Methods
Maximum Leverage
Trading Conditions
Account Options
Languages
Trading Instruments
Minimum Deposit
Representative Offices
5.0
Regulation and Security
5.0
Platforms and Features
3.0
Deposit and Withdrawal
2.0
Educational Material
3.8 Overall Rating

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