Question 1

Is City Index regulated?

Accepted Answer

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.

Question 2

Is City Index a scam?

Accepted Answer

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.

Question 3

What is the minimum deposit at City Index?

Accepted Answer

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.

Question 4

Does City Index charge commissions?

Accepted Answer

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%.

Question 5

What City Index account types are there?

Accepted Answer

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.

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