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Overall

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Commissions & Fees

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Licensing & Safety

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Platforms & Tools

Each broker we review is judged on the same 10 key areas. We include different instruments and holding positions overnight. We check not only the licenses the broker claims to have for different countries, but whether these licenses are up to date too. We look for specific features such as customizability and trading signals.

Number of instruments

Open Account

Traders

Regulated by

Overview
Fees and commissions
Safety
Opening an account
Account types
Trading Platforms
Markets and products
Research tools
Education and training
Customer support
Our verdict

review

Q: Is City Index regulated?

Yes, our City Index review explains that the broker is regulated by the FCA (Financial Conduct Authority), ASIC (Australian Securities and Investments Commission), and MAS (Monetary Authority of Singapore). This high level of regulation provides peace of mind for clients. It also includes access to the FSCS compensation fund for UK clients.

Q: Is City Index a scam?

No, City Index is not a scam. This is clear from the fact that it is regulated by the FCA, ASIC, and MAS. Additional reassurance comes from the fact that the broker is far more experienced than many other brokers , and that it is owned by a publicly listed company.

Q: What is the minimum deposit at City Index?

The minimum deposit limit at City Index changes depending on which arm of the broker you are trading with. To open an account in the UK you’ll need to deposit at least £100, whilst this rises to $150 for traders in Australia or Singapore. In all jurisdictions, you can open a free demo account too.

Q: Does City Index charge commissions?

There are no commissions when trading forex and most CFDs at City Index, except for share CFDs. The commissions for share CFDs vary based on the region, as well as which country you opened your account. They start at just 0.08%.

Q: What City Index account types are there?

City Index delivers the same experience to all clients with a single account type that provides full access to the platforms and instruments. You can, however, qualify for Premium and Professional accounts based on your trading volume and balance. With these account types, you’ll benefit from priority service, a dedicated account manager, and access to exclusive events and webinars.

26 January 2021 - Kate Leaman

Our review of City Index takes a look at one of the oldest forex brokers in the industry. Established in 1983 in the United Kingdom, City Index boasts over 120,000 clients and 26 awards. Among those clients are traders from Australia, Singapore, and Britain as, in each of these countries, the broker boasts a top tier license. With over 4,500 instruments in seven asset classes, City Index definitely provides something for everyone. Choose between forex, commodities, shares, indices, metals, bonds, and more.

Trade more than 4,500 instruments
Choose from 3 trading platforms
Regulated and licensed by ASIC, FCA, MAS
Best broker for trading on-the-go
Only one account type for retail clients

overall scores

In this review, you can find all the information you need to decide whether is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how scored in each of our high-priority categories.

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Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. Since 2015, we’ve reviewed over 200 forex brokers.

Commissions & Fees

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Payments

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Licensing & Safety

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Customer Service

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Trading Platforms & Tools

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Education

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