City Index Guide – Read our In-Depth City Index Review
City Index Rating: 4.23 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in
If you are a new entrant in the realm of trading and broker, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You will get proficient at all of the concepts of broker as you keep trading. For starters, you have to select the right agent who will be clear with you constantly.
Within this fast-paced universe 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 and your investment to great heights. It is important that you know all about City Index until you trust them with your cash.
City Index Guide – Quick Overview
City Index Telephone Number:
+44 20 7107 7020
City Index Email Address:
City Index Address:
Devon House, 58 St Katharine's Way, St Katharine's & Wapping, London, Greater London E1W 1JP
Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)
Number Of Clients:
14,000+ City Index users and traders
City Index LinkedIn:
City Index Facebook:
City Index Facebook Likes:
City Index Twitter:
City Index Twitter Followers:
City Index Instagram:
City Index Instagram Followers:
City Index Youtube:
74% of retail investor accounts lose money when trading CFDs with this provider
|City Index Telephone Number:||+44 20 7107 7020|
|City Index Email Address:||firstname.lastname@example.org|
|City Index Address:||Devon House, 58 St Katharine's Way, St Katharine's & Wapping, London, Greater London E1W 1JP|
|Regulated By:||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)|
|Number Of Clients:||14,000+ City Index users and traders|
|City Index LinkedIn:||https://www.linkedin.com/company/city-index/|
|City Index Facebook:||https://www.facebook.com/CityIndexUK/|
|City Index Facebook Likes:||10,021|
|City Index Twitter:||@CityIndex|
|City Index Twitter Followers:||13,600|
|City Index Instagram:||https://www.instagram.com/cityindexuk/|
|City Index Instagram Followers:||683|
|City Index Youtube:||https://www.youtube.com/user/CityIndexLtd|
74% of retail investor accounts lose money when trading CFDs with this provider
Our full City Index Review covers all you will need to know about trading using City Index. A good broker can multiply your first investments and give you positive profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investment goals.
There's absolutely no sure-fire method to guarantee profits; therefore, you must carefully assess your broker before you choose them. It's a common misconception that all brokers will be the same, but that is not true. Wrong judgment, initially, can put your investments at risk.
City Index is a broker which has paved its way successfully into the broker world. Within this review, we've tried to collate some of the important facets of City Index. This review will help you to know whether City Index is a good match for your investments or not. We have tried to breakdown all of the features and charges for your advantage.
City Index Review, Table Of Contents
- Who are City Index?
- Benefits Of Trading With City Index
- Everything you should know about trading with City Index
- Is City Index Safe To Trade With?
- City Index Risk Disclaimer
- Pro's & Con's Of Trading With City Index
- Compare Brokers Similar To City Index
- Regulation And Licencing In More Detail
- City Index Awards
- Minimum Deposit Required For A Live Account With City Index
- City Index Commission And Fees Explained
- Compare broker fees against City Index
- City Index Withdrawal Fees Explained
- City Index Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With City Index?
- Alternatives To City Index
- Frequently Asked Questions About City Index
Who are City Index?
City Index is a forex broker headquartered in UK and provides a variety of tools for trading. Since its inception in 1983, City Index has emerged as a top player in the industry of online broker. City Index has an extremely aggressive and full-featured trading site that's focused on currency, indices, metals, sharesand commodities.
Over the past 38 years, City Index has grown into one of the leading online brokers.
After launching in 1983, their customer base is becoming as large as 14,000+ clients.
City Index is the favourite of many dealers because of its negative balance protection. Our City Index review found that they are an superb alternative for automated trading solutions. It's best suited for investors who are searching for an assortment of assets. Social and automated trading solutions are the heart at City Index.
Technology plays a substantial role at City Index. City Index offers trading on MT4, Web Trader, Tablet & Mobile apps. City Index is fair, 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 variety of resources will be beneficial for most traders. Third-party partnerships also provide in-house research.
The educational section at City Index is quite insightful for new traders as it permits them to have a closer look at the financial markets. City Index caters to all types of traders and are a must-have broker for almost any well-diversified approach to online trading.
City Index Videos
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.
Everything you should know about trading using City Index
City Index is a dynamic platform that provides various procedures of online trading. These instruments cover the financial markets considerably. Most of the brokerage platforms offer fewer methods than City Index
If you wish to exchange with City Index, you will need a minimum deposit of $25. This deposit is required if you wish to begin trading with City Index. This 2021 City Index review will guide you clearly about trading with them.
City Index is as versatile as any other broker platform. City Index is ideal for traders that want a manageable array of cheap services. The programs supplied by City Index are third party, white-label offerings. All traders can choose out of MT4, Web Trader, Tablet & Mobile apps.
Together with everything, City Index has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a trade must be kept available. The agents offer premium customer service that rewards customers with benefits.
Many unethical brokers attempt to pressurise consumers into larger funding for superior services. City Index, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the more advantages will come along.
City Index accounts are available all over the world and provides quality service everywhere they have clients. There are a 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?
Launched 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 figures have rules that ensure that trading platforms have steps in place to maintain investor's resources procured. This 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 secures every user's private information also.
You can make use of an option for 2 Factor Authentications (2FA) with City Index for heightened safety. An SMS with the confirmation code will be sent to a mobile phone. You'll be asked to input this code to log in to your accounts.
Another concern with financial brokers is in regards to safety might be manipulation of trading. This is highly disadvantageous for users on those platforms. However, this is much more widespread in the example of Market Maker agents who compete with users on the stage.
City Index Risk Disclaimer
74% of retail investor accounts lose money when trading CFDs with this provider
Pro's & Con's Of Trading With City Index
Every online trading platform will have some 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 has low minimum deposit requirements
- City Index offers social trading
- City Index offers copy trading
- 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 charge CFD fees
- City Index doesn't offer trailing stop
City Index Review - Compare Brokers Similar To City Index
|City Index||gbe brokers||forexite||aaafx|
|Rating||4.23 / 10||6.3 / 10||5.15 / 10||5.25 / 10|
|Regulated By||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F246||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F229||HCMC (Greece), FSA (St Vincent & Grenadines)|
|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||Trading spot currencies involves substantial risk and there is always the potential for loss.|
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 strong collection of rules for ensuring fair trading on its platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, client information is never to be shared with any other institutions or individuals. Including credit history and other financial information.
City Index Review - AwardsAt the time of writing this City Index review, and despite City Index’s impressive offering, the company has surprisingly not garnered any other awards to date.
City Index Trading Platforms
City Index are a professional trading platform that has been open for over 38 years. They offer a wide range of options in their customer accounts.
In the following table we take the main parts of any reputable brokerage and compare City Index against gbe brokers, forexite, and aaafx
City Index Review - Minimum Deposit Required
The minimum deposit that you must deposit to get started on City Index is $25. This is an adequate amount for people just starting out. You can create more advanced deposits as you go along. But, make certain you understand how to make the most of your cash before investing in larger amounts.
City Index Review - Commission And Fees Explained
City Index is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. That is, an internet broker isn't necessarily affected by the number of customers they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are primarily three different types of fees for this objective.
The first kind of charges to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In these cases, you're spending a spread, financing rate, or a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are people that are billed when you maintain a leveraged position for more than a day.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your account. They are billed for operations like depositing cash, not investing for lengthy periods, or withdrawals.
In general, City Index does not charge high fees compared to other online brokers. For operations other agents fee for, they do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for those who regularly exchange, for example weekly or daily trading.
But, non-trading fees billed by City Index are comparatively lower. As a result, you're charged more for non-trading actions in your trading account, like deposits and withdrawal. These aren't about the purchase and sale of resources.
This City Index review breaks down every one of the applicable non-trading charges for you in detail.
Compare broker fees against City Index
City Index Review - Withdrawal Fees Explained
City Index charges a withdrawal fee when you create a bank transfer. Each time you move money into your bank accounts, these withdrawal fees become applicable.
Withdrawal of money is possible at any moment from your City Index account. It's possible to withdraw up sums to the sum of your account balance, keeping aside the margin used. 1 thing to keep in mind is that you don't necessarily need to have any cash on your accounts.
Moreover, the withdrawn money will be moved directly to the account you use to make deposits. Therefore, if you used a credit card for deposits, the withdrawn cash will be sent into 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 the event you are withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're opting to draw in.
City Index Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions which run through your head while open an account with City Index. An inactivity fee is an amount charged to registered traders that have not engaged in buying or selling for a while. The period regarded as inactive is determined by the broker.
The inactivity fee also differs from 1 broker to another and is not standardized. If a dealers account does not have a purchasing or selling trade, it is maintained by the broker as an inactivity fee. The traders need to pay this fee under terms and conditions they had consented while registering.
City Index charges an inactivity fee when you don't make any trades for a while.
Even if no charges have been implied by City Index, it's better that you close the account if you're inactive. Inactivity fees aren't just charged by brokerage companies but also many financial services.
For other trading platforms, the inactivity fee depends upon the type of account you've selected. The inactivity fee is exposed to a lot of circumstances and needs to be disclosed clearly by the broker beforehand.
City Index Review - Deposit Fees Explained
When you transfer money in your trading account by the bank account, a deposit fee can be charged by the broker. Most brokers do not charge too much 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 simple. You just have to complete a single-user profile questionnaire to begin depositing money into your trading account. You will have to give an identity evidence and evidence of residency to deposit substantial amounts.
City Index Review - Compare Broker Deposit Methods
What Can You Trade With City Index?
Note: City Index offers a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may be different based 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 forex pairs is of interest to you then City Index offer over 100 currency pairs.
Compare City Index, gbe brokers, forexite & aaafx below.
Reviewing The City Index Mobile App
Note: City Index's mobile app has a lot of functions and is being developed all the time. What follows was accurate at the time of compiling this City Index review.
Understand the capabilities of the mobile apps of City Index, gbe brokers, forexite & aaafx below.
Alternatives To City Index
If, after studying this City Index review, they don't quite meet your needs check out these City Index alternatives.
We have scoured the internet to find the best alternatives to City Index. Click the links below to find out 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 provides demo accounts for the convenience of inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you sign up for a demonstration account on City Index, you will set out using a decent amount of virtual currency. It is to establish a feeling of security and confidence in you until you decide to spend your own money.
With this digital City Indexdemo account, you are able to experiment at all, to whatever length you desire. You might also open positions, examine different trading strategies, and much more.
City Index specifies on its official website that you are able to trade real time stocks in a demo account.
Is City Index safe?
You can drop all your worries since we believe that City Index is completely safe to use. It is in compliance with all the principles of Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS).
Luckily, 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 account 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 a number of ways to fund your account with City Index. The process is effortless and quick, with various payment methods in your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You must keep in mind that PayPal is not available in all place. The monies City Index
Is my money safe with City Index?
Yes, your cash is safe and secure with City Index. As you know, City Index operates with good conformation to. It's established lots of measures to guard all its investors.
City Index protects its clients' private and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you wish to further safeguard your account, it is possible to empower Two-Step Verification also. It takes an SMS affirmation that you access your account.
Is City Index trading good?
Yes, trading through City Index is a pleasant and decent experience indeed. It's an excellent and intuitive platform with useful features for your simplicity. In addition, you can even obtain access to a vast selection of educational tools and assistive material to kickstart your trading experience.
If you are still skeptical, it is possible to open a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries does City Index support?
City Index operates around the globe. However, due to regulations there are some countries that City Index does not accept clients resident in
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 broker, and its users may vouch for it. The highlight of the platform is its fast order execution on trades.
You'll find the clean layout of this platform along with 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 among the industry leaders. It has over 14,000+ registered users and over 38 years of experience on its own record. They're among the world's leading trading platforms and a prominent figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and broad selection of tools plus resources so you may invest in 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?
Through City Index, many traders make a lot of cash. However, typically, through continual trading, you also can make between 2% - 10% profit a month.
This may seem like a small number, but over the entire year, this adds to a significant number of gains. While City Index provide you all of the tools to earn money, they cannot guarantee you will profit.
Does City Index have fees?
Yes. To start trading using City Index, you need to deposit $25. Certain commissions while trading additionally apply. Any processing fees from your bank might 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 market volatility keeps customers from letting their account go in the red. In a situation like this, City Index offers the ability to reset a customers account balance to zero.
You are able to go through the critical conditions on City Index's site to understand 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 together with the client, City Index will cease your own positions. If the losses in the ceased out position exceeds your account balance, you may encounter a negative account balance.
Does City Index allow scalping?No, the terms and conditions of City Index do not condone scalping. It's a trading technique which isn't permitted on the broker's platform. You have to consult with City Index's provisions and conditions to read more about its own policies.
Does City Index allow hedging?
No, unfortunately City Index does not 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?
Yes, City Index does have a wikipedia page. It can be found at https://en.wikipedia.org/wiki/City_Index_Group
Does City Index offer demo accounts?
Yes, City Index offers virtual portfolio accounts so you can test your trading strategies before risking any real money. Newbie traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before risking a live account.