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City Index Guide – Read our In-Depth City Index Review

This City Index review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this City Index review does not apply to US users.

This City Index review contains the latest information about City Index.

If you're a new entrant in the world of trading and broker, so many details will be perplexing for you. Getting into the area of trading requires expert analyzing skills and thorough understanding. You'll get proficient at all the concepts of brokerage as you keep trading. For starters, you have to choose the right broker who'll be clear with you constantly.

Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan will generate hefty returns. City Index is just one such stage that will take you along with your investment into great heights. It is crucial that you know about City Index until you trust them with your cash.

City Index review

Our full City Index Review covers everything you need to learn about trading with City Index. A good broker can multiply your first investments and provide you positive profits. If you want to earn profits, you should trade with a brokerage service that contrasts with your investing goals.

There is no sure-fire way to guarantee profits; therefore, you should carefully assess your broker before you select them. It's a frequent misconception that all brokers will be the same, but that's not true. Wrong judgment, in the beginning, can put your investments in danger.

City Index is a broker which has forged its way successfully into the broker world. In this review, we have attempted to collate some of the vital facets of City Index. This review can allow you to understand whether City Index is a fantastic match for your own investments or not. We have attempted to breakdown all of the features and charges for your convenience.

City Index Review, Table Of Contents

Who are City Index?

City Index is a forex broker headquartered in UK and provides a range of instruments for online trading. Since its inception in 1983, City Index has emerged as a leading player in the field of online brokerage. City Index includes a highly competitive and full-featured trading website that's focused on forex, indices, metals, stocks and commodities.

Over the past 38 years, City Index has grown into one of the leading online brokers.

After launching in 1983, their consumer base has become as big as 14,000+ clients.

City Index is a favorite for many dealers because of its negative balance protection. Our City Index review discovered that they're an superb alternative for automated trading solutions. It's most appropriate for investors who are looking for an assortment of assets. Social and automated trading options are the core at City Index.

Technology plays a significant role in City Index. City Index offers trading on MT4, Web Trader, Tablet & Mobile apps. City Index is honest, transparent, and also a well-regulated agent by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS). Their outstanding array of tools will be beneficial for most traders. Third-party partnerships also supply in-house analysis.

The educational section at City Index is very insightful for new dealers since it allows them to have a closer look in the financial markets. City Index caters to all types of traders and are a must-have broker for any well-diversified method of online trading.

Benefits of doing online trading with City Index?

Trading with City Index comes with many benefits. These advantages are what sets City Index ahead of all other online brokers. You need to check all of the benefits listed so you have a better understanding of City Index.

The broker goes to great lengths to comprehend what dealers want. As a result, the service cost is low, fast, and convenient. The agent also gives a number of platforms for all types of traders. City Index helps to ensure that the individual needs of all online traders are completely met.

City Index also features excellent trading conditions which are available to only an elite class of institutional customers. The tight spreads and fast executions are a great benefit for the traders. The technology adopted by City Index is of the highest caliber, ensuring that it is fast, reliable, and effective.

City Index acknowledges the importance of having a quick order execution. A quick implementation enables users to trade without worrying about slippage safely. It will also help the traders to catch the utmost profitable opportunities.

Automated trading is another major facet of City Index. A new trader can learn from business experts using the automatic trading alternative. The tight spread starts from as low as 0.0 pips, though they are offered for only razor balances.

City Index has over 12,500 trading tools to support all types of traders. These tools are lively and suitable for both new and experienced traders. The dealers can set aside all their worries when trading using City Index.

City Index overview

Year Founded: 1983

Regulated By: Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)

Hedquarters: UK

Minimum Deposit: $25

Number Of Clients: 14,000+

74% of retail investor accounts lose money when trading CFDs with this provider

If you feel that City Index is not right for you then at the bottom of this City Index review you wil find a lot of alternatives to City Index.

What you ought to know about trading using City Index

City Index is a lively platform that offers various techniques of trading online. These instruments cover the monetary markets substantially. Most of the brokerage platforms provide fewer procedures than City Index

If you would like to exchange with City Index, you will require a minimum deposit of $25. This deposit is required if you want to start trading using City Index. This 2021 City Index review will guide you clearly about trading with them.

City Index is as flexible as another brokerage platform. City Index is great for traders that want a manageable selection of cheap services. The platforms supplied by City Index are third party, white-label offerings. All traders may choose out of MT4, Web Trader, Tablet & Mobile apps.

Along with everything, City Index has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a transaction has to be kept open. The agents provide premium customer service which rewards customers with advantages.

Many less reputable brokers try to pressurise consumers into larger funding for superior services. City Index, on the other hand, is more concentrated on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the greater benefits will come along.

City Index accounts are available globally and provides excellent service wherever they have clients. There are only a select few countries where City Index accounts are not available. Traders in the following countries cannot open or use a City Index account:

Is City Index Safe To Trade With?

Established in 1983, City Index has been in operation for 38 years, they are headquarted in UK.

City Index is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS). These bodies have rules that make sure that trading platforms have steps in place to maintain investor's resources secured. This usually means that City Index users don't need to worry about their money since it is segregated and safely kept in established banks. SSL encryption simplifies each user's personal information as well.

You can make use of an option for 2 Factor Authentications (2FA) with City Index for increased security. An SMS with the verification code will be sent to a mobile phone. You'll be required to enter this code to log in to your accounts.

Another concern with financial brokers with respect to security might be manipulation of trading. This is highly disadvantageous for users on these platforms. Nonetheless, this is much more widespread in the case of Market Maker brokers who compete with users on the stage.

Pro's & Con's Of Trading With City Index

Every online trading platform will have a few pros and cons City Index review would be complete without having a balanced approach. This City Index review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

City Index Pro's

  • City Index is trusted by 14,000+ clients
  • City Index offers Negative Balance Protection
  • City Index offers Guaranteed Stop Loss
  • City Index doesn't charge CFD fees
  • City Index offer trading on MT4, Web Trader, Tablet & Mobile apps
  • City Index offer 12,500 trading instruments
  • City Index trades major forex pairs
  • City Index trades minor forex pairs
  • City Index trades exotic forex pairs
  • City Index offers trading on cryptocurrencies
  • City Index can communicate in English, Spanish, German, Arabic, Polish, and Chinese

City Index Con's

  • City Index charge withdrawal fees
  • City Index charge inactivity fees
  • City Index charge deposit fees

City Index Review - Compare Brokers Similar To City Index

City Index Wealthfront Charles Schwab Advanced Global Markets
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $25 $500 $25 $500
Year Founded 1983 2008 2010 1992
Headquarters UK USA United States Cyprus
Regulated By Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) Unregulated Commodity Futures Trading Commission (CFTC) Cyprus Securities and Exchange Commission (CySEC)
Clients 14,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning 74% of retail investor accounts lose money when trading CFDs with this provider Your capital is at risk Your capital is at risk Your capital is at risk

City Index Review - Regulation And Licencing In More Detail

City Index is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS).

City Index, as a business, has a powerful collection of rules for ensuring fair trading onto its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).

In accordance with the organization's privacy regulations, client information is to not be shared with any other institutions or individuals. Including credit history and other financial information.

City Index Review - Awards

    At the time of writing this City Index review, they had not received any awards.

City Index Review - Minimum Deposit Required

The minimum deposit you need to get started on City Index is $25. This is a decent amount for people just starting out. It's possible to create more advanced deposits as you go along. But, ensure that you know how to make the most of your money before investing in larger sums.

City Index Review - Commission And Fees Explained

City Index is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the number of customers they have.

However, this does not mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily three types of penalties for this objective.

The first sort of fees to look out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you're billed trading fees. In such cases, you're paying a spread, financing speed, or even a commission. The kinds of trading charges and the rates differ from broker to broker.

Commissions can be fixed or determined by the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight prices are people that are charged when you maintain a leveraged position for longer than daily.

Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your account. They are charged for operations like depositing money, not investing for long periods, or withdrawals.

In general, City Index does not charge high fees in comparison to other online agents. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for people who often trade, for example daily or weekly trading.

But, non-trading fees charged by City Index are relatively higher. Consequently, you're charged more for non-trading actions in your trading account, like deposits and withdrawal. These are not about the purchase and sale of assets.

This City Index review breaks down each of the relevant non-trading fees for you in detail.

Compare broker fees against City Index

City Index Wealthfront Charles Schwab Advanced Global Markets
Minimum Deposit $25 $500 $25 $500
Withdrawal Fees variable variable $2.50 $31
Inactivity Fees Yes
Deposit Fees variable
CFD Fees 0.0015

City Index Review - Withdrawal Fees Explained

City Index charges a withdrawal fee when you make a bank transfer. Each time you move money back into your bank account, these withdrawal fees become important.

Withdrawal of money is possible at any time from your City Index account. It's possible to withdraw sums up to the amount of your account balance, keeping aside the margin used. 1 thing to remember is that you don't always have to have any money on your account.

In addition, the withdrawn money will be moved directly to the accounts you use to create deposits. Thus, if you used a credit card for deposits, then the withdrawn cash will be sent to the card. City Index will ask you to offer other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In case you are withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the money you are opting to draw in.

City Index Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your head when open an account with City Index. An inactivity fee is an amount charged to registered dealers who haven't engaged in purchasing or selling for a while. The period regarded as inactive is decided by the broker.

The inactivity fee differs from 1 broker to another and isn't standardized. If a traders account doesn't have a purchasing or selling transaction, it's maintained by the agent as an inactivity charge. The traders have to pay this fee under terms and conditions that they had agreed while enrolling.

City Index charges an inactivity fee if you don't make any trades for a while.

Even if no fees have been implied by City Index, it is best for you to close the account if you are inactive. Inactivity fees are not just charged by broker firms but also many financial services.

For additional trading platforms, the inactivity fee is contingent on the sort of account you've selected. The inactivity fee is exposed to a lot of conditions and needs to be revealed clearly by the broker beforehand.

City Index Review - Deposit Fees Explained

When you transfer money into your trading account by the bank account, a deposit fee can be charged by the broker. Most brokers don't charge an excessive amount of money for this particular operation.

City Index charges a deposit fee for transferring money into your trading account.

Depositing money on the City Index trading platform is easy. You simply have to finish a single-user profile survey to begin depositing money into your trading account. You'll need to give an identity evidence and proof of residency to deposit substantial sums.

City Index Review - Compare Broker Deposit Methods

City Index Wealthfront Charles Schwab Advanced Global Markets
Minimum Deposit $25 $500 $25 $500
Credit Card Yes
PayPal Yes
Neteller No
Skrill No
Payoneer Yes

What Can You trade With City Index?

Note: City Index provides many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will be different depending on the country of residence of the client.

City Index has a wide variety of over 12,500 instruments available for you to trade with.

If trading currency pairs is of interest to you then City Index offer over 100 currency pairs.

Compare City Index, Wealthfront, Charles Schwab & Advanced Global Markets below.

City Index Wealthfront Charles Schwab Advanced Global Markets
Platforms MT4, Web Trader, Tablet & Mobile apps iPhone, Mac, iPad, Android, WEB Android, WEB, Desktop, iPhone, Mac MT4
Instruments Available 12,500 270 70 25
Forex & Crypto
Forex Pairs Available 100
Offers Major Forex Pairs? Yes No No Yes
Offers Minor Forex Pairs? Yes No No Yes
Offers Exotic Forex Pairs? Yes No No yes
Offers Cryptocurrencies? Yes No No No
Commodity CFD's
Commodities Offered 26 0 0 0
Trade Metals? Yes No No Yes
Trade Energies? Yes No No Yes
Trade Agricultural? Yes No No Yes
Indiced & Stock CFDs
Stocks Offered 4500 0 0 0
Trade UK Shares? Yes No No No
Trade US Shares? Yes No No Yes
Trade German Shares? Yes No No No
Trade Japanese Shares? Yes No No No

74% of retail investor accounts lose money when trading CFDs with this provider

Your capital is at risk

Your capital is at risk

Your capital is at risk

Alternatives To City Index

If, after reading this City Index review, City Index does not meet your needs check out these City Index alternatives.

We've scoured the internet to find the best alternatives to City Index. Click the links below to learn more.

Frequently Asked Questions about City Index

Can I try City Index before I buy?

Yes, you can most definitely try City Index before you buy. City Index offers demo accounts for the convenience of inexperienced traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.

If you register to get a demonstration account on City Index, you will set out with a decent amount of virtual money. It is to establish a feeling of security and confidence in you until you decide to invest your own money.

With this virtual City Indexdemo account, you can experiment in any way, to whatever length you desire. You can also open positions, test different trading strategies, and much more.

City Index specifies on its official website that you are able to exchange real time stocks in a demo account.

Is City Index safe?

It is possible to drop all of your worries since we believe that City Index is totally safe to use. It's in compliance with all the rules of Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS).

To its credit, City Index does provide assured stop-loss protection.

Why does City Index ask for my passport?

The reason that City Index asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, City Index has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, City Index must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with City Index?

The process to start trading withCity Index is perhaps simple enough to be a cakewalk. You need to begin by signing up on the City Index website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with City Index is $25. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with City Index.

The best way to kickstart your trading career with City Index is to open a demo account facility before risking any real money

What funding methods do City Index accept?

There are multiple methods to finance your account with City Index. The process is effortless and quick, with different payment methods at your fingertips.

You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to keep in mind that PayPal isn't available in all place. The monies City Index

Is my money safe with City Index?

Yes, your cash is safe and protected with City Index. As you know, City Index works with proper conformation to. It's established plenty of steps to guard all of its investors.

City Index safeguards its clients' personal and sensitive data under SSL encryption. Your capital will be retained highly secure in top-tier banks.

If you want to further protect your accounts, you can empower Two-Step Verification also. It requires an SMS affirmation that you access your accounts.

Is City Index trading good?

Yes, trading via City Index is a pleasant and good experience indeed. It's an excellent and intuitive platform with helpful features for your ease. Moreover, you can also obtain access to a vast collection of educational resources and assistive material to kickstart your trading experience.

If you remain skeptical, you can start a eToro demo account and assess the trustworthiness of the platform on your own.

Which Countries does City Index support?

City Index operates across the globe. However, due to regulations there are some countries that City Index can't accept clients from

Is City Index legit?

City Index is a legit company headquarted in UK since 1983. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS). City Index is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is City Index a good broker?

City Index is an excellent agent, and its own users may vouch for this. The highlight of this platform is its fast order execution on transactions.

You'll find the clean design of the platform and the admirable features that a pleasure to work with.

Is City Index a trustworthy broker?

Yes, City Index is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 14,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for City Index?

The minimum deposit to open a live account with City Index is $25

How long do City Index withdrawals take?

Normally, withdrawal of money from City Index is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from City Index to show in your bank account.

Are City Index regulated?

City Index are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)

Is City Index a market leading broker?

City Index is currently one of the industry leaders. It has over 14,000+ registered users and over 38 years of expertise on its own record. They are among the world's leading trading platforms and also a dominant figure in the Fintech revolution.

It simplifies this status to its unbelievable platform and broad range of tools plus resources so that you may put money into capital markets.

Is City Index a con?

No, City Index is not a con. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) and must adhere to their rules. Thus, it is safe to say that City Index is not a scam.

Can you make money with City Index?

Using City Index, many traders earn a lot of cash. But typically, through consistent trading, you also can create between 2% - 10% profit a month.

This can look to be a little number, but within the entire year, this adds to a significant amount of gains. Even though City Index provide you all the tools to earn money, they can't guarantee that you will profit.

Does City Index have fees?

Yes. To start trading using City Index, you need to deposit $25. Particular commissions while trading additionally applies. Any processing fees from your bank will need to be incurred by you.

When was City Index founded?

City Index was founded in 1983 in UK. City Index is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS).

How many people use City Index?

City Index is a worldwide recognised agent with 14,000+ customers.

Where is the City Index head office?

City Index has its head office in UK

Does City Index offer negative balance protection?

Yes, City Index has Negative Balance Protection. It is especially offered while the industry volatility keeps customers from allowing their accounts go in the red. In a situation like this, City Index offers the ability to reset a clients account balance to zero.

You are able to go through the important stipulations on City Index's site to comprehend their policies.

Does City Index offer guaranteed stop loss?

Yes, City Index offer a guaranteed Stop Loss order.

When there is no free margin left with the client, City Index will stop your own positions. If the losses in the stopped out position exceeds your account balance, you might experience a negative account balance.

Does City Index allow scalping?

Yes, City Index do permit scalping. Many traders throughout the world select City Index due to their scalping services. They offer trading on MT4, Web Trader, Tablet & Mobile apps which allow this.

Does City Index allow hedging?

Yes, City Index does allow hedging.

Can you trade energies with City Index?

Yes, you can trade energy stocks with City Index

Can you trade agricultural shares with City Index?

Yes, you can trade agricultural stocks with City Index

Can you trade cryptocurrency with City Index?

Yes, you can trade cryptocurrency with City Index

Can you trade metals with City Index?

Yes, you can trade metals with City Index

Can you trade UK Shares with City Index?

Yes, you can trade UK shares with City Index

Can you trade US Shares with City Index?

Yes, you can trade US shares with City Index

Can you trade Japanese Shares with City Index?

Yes, you can trade Japanese shares with City Index

Can you trade German Shares with City Index?

Yes, you can trade German shares with City Index

Does City Index accept bank transfers?

Yes, City Index accepts bank transfers for depositing money.

Does City Index accept credit cards?

Yes, City Index accepts credit cards for depositing money.

Does City Index accept PayPal?

Yes, City Index accepts PayPal for depositing money.

Does City Index accept Skrill?

No, City Index does not accept Skrill.

Does City Index accept Payoneer?

Yes, City Index accepts Payoneer for depositing money.

Does City Index accept Neteller?

No, City Index does not accept Neteller.

Does City Index offer Live Chat customer support?

Yes, City Index offers customer support through live chat.

Does City Index offer phone customer support?

Yes, City Index offers customer support over the telephone.

Does City Index offer email customer support?

Yes, City Index offers customer support through email.

What languages can City Index communicate in?

City Index has the ability to communicate and support customers who speak: English, Spanish, German, Arabic, Polish, and Chinese

Does City Index have a wikipedia page?

No, City Index does not have an official wikipedia page.

Does City Index offer demo accounts?

Yes, City Index offers demo accounts so you can learn their systems before risking any real money.