City Index Broker Review

City Index is a forex broker which presents itself as one of the dominating multi-assets in the United Kingdom.

It was set up in 1983 in the United Kingdom and 2015, it was obtained by GAIN Capital Holdings (NYSE: GCAP) – the operator of

HAVE YOU BEEN SCAMMED? If you have lost your money to online scammers, there is an opportunity you could get back your money.

Click HERE to start the recovery process

This broker alleges to have over 30 years of background providing traders with Contracts for Difference (CFDs) and spread-betting results and it later broadened its forex assistances with the obtainment of IFX Markets, Finspreads, and FXlX Solutions years before GAIN Capital adopted the company.

It exults itself in its standing for providing credible and quick execution.

This forex broker also insists that it aims to provide traders with mechanisms that are essential for enhancing their trading abilities.
That also, they must provide market-leading aids with transparent, decent pricing, in addition to extensive customer support.

city index forex broker

One of the most surprising things about this broker is how each of its account types is given for certain locations.

City Index has offices in the UK, Australia, Singapore, and the Middle East, with accounts from each office being narrowly varied.
The Australian and Singaporean offices only give Trader and Premium Trader accounts. While the UK and Middle East offices offer Professional Trader Accounts.
All offices offer CFD trading, and the UK office is the only one to also give spread betting.

UK and EU citizens can create accounts with the UK, Australia, or the Middle East office.

UK and Middle Eastern accounts retain necessary adverse equilibrium insurance. While Australia and Singapore account only offer optional risk surveillance features.

Regular Trader accounts possess unfavorable balance safety, a 50 percent margin closeout, and best performance.


City Index Broker Trading Platforms

The broker offers MetaTrader 4 (MT4) alongside two proprietary platform suites:
AT Pro (desktop-based)
Web Trader (web-based)

AT Pro – this trading platform is not for amateurs in the field of forex trading.
It is adequately suitable for professionals or expert traders because it is not so easy to use and comprises various developed purposes.
AT Pro offers strong charting (139 indicators, 25 drawing tools) and a Development Studio with automatic trading functions.

This development studio encompasses the skill to backtest possible strategies utilizing historical data. Over 100 strategies come pre-loaded.

Web Trader – this trading platform is set up totally on HTML5 which makes it adaptable, quick, and understandable.
While Web Trader comprises nearly half as many indicators as the AT Pro desktop software, it has a substantial place in the City Index platform lineup for occasional traders.


What City Index Forex Broker Says it Offers

City Index offers ultimate stop-loss security for a premium as well as an intricate set of dependent orders within their trading platforms.

It offers the option to trade several of its CFD products as a spread bet. Since spread-betting holds specific tax efficiencies for UK residents, it can be an effective substitute for CFDs if a client settles in the UK.

And as well, the fees for stock CFDs rises and the desktop trading platform is not user-friendly.

City Index also offers over 80 forex currency pairs, CFDs, shares, indices, gold, forex, silver, oil, bitcoin and other cryptocurrencies for traders special investments and trading options.

And it demands low fees when a client trades forex or stock index CFDs.
The non-trading fees, like withdrawal fees, are also low. The account creation is rapid and steady and when a client begins to trade, they can employ high-quality and distinct research tools.


City Index Forex Broker Account Types

City Index Forex broker offers 3 distinct account types:

  • Demo Accounts – avails for CFD, spread betting, spread bet and MT4, and joint CFD accounts.

They come with £10,000 in real money and unlimited access for 12 weeks.
A trader cannot lengthen a demo account’s span, but City Index does offer the option of applying for another one if a client needs additional practice trading.

  • Premium Trader Accounts – is strictly by invitation.

It produces prerogative services and a reliable relationship manager for effective retail clients. As well as access to webinars, seminars, and hospitality events.

There is also risk management on each trade a client places, competitive pricing, and the understanding that a client never loses more money than they put in.

It also provides access to influential research, including Faraday Research, superior market intelligence, and Reuters news.

To become a premium trader, a client must maintain an account balance of at least £10,000, then wait for an offer or contact City Index to speed up the process.

  • Professional Trader Accounts – is for skilled traders.

It produces credit capability as well as broker-assisted dealing and a devoted client relationship manager.
Also, it has margin rates as low as 0.25 percent.

But possible professional account holders need to keep in mind that professional clients can amass losings surpassing deposits.

Regardless of the modern industry-wide laws, professional traders have extraordinary margin rates. It comes with a minimum of 0.25 percent for main indices and main forex, 0.5 percent for commodities, 3 percent for shares, and 5 percent for crypto. These minimum margin rates are up to 20 times decent than those of retail clients.

Also, trading with the professional account type allows the trader to earn allegiance rewards, such as premier hospitality invitations and other rewards.


City Index Forex Broker Deposit and Withdrawal Methods

This broker proposes a minimum deposit of at least £100 or an amount sufficient enough to encompass the margin of a client’s initial trade.
A client van fund their City Index account utilizing the following:

  • Visa
  • Mastercard credit cards
  • Debit cards from Mastercard
  • Maestro
  • Electron
  • Bank transfer
  • PayPal
  • Wire transfer

City Index imposes no charges on traders for making deposits to their City Index accounts, although credit card providers are likely to charge a fee.

Clients can only deposit funds in the same base currency as their source account but can have up to three cards linked to their account.

Clients are also expected to refer back the same source as original funding when making withdrawals.

Index City imposes a minimum withdrawal amount of £50 or the full available account balance, whichever is less.

Clients cannot withdraw more than £20,000 in an online withdrawal in one transaction. And, this is also the maximum withdrawal amount online via credit cards in 24 hours.
But a client can withdraw an additional amount by reaching the client management. There are no fees for withdrawals for this process.


Is City Index Forex Broker Licensed?

City Index fully operates under the administration of the Australian Securities Investment Commission.

This regulation helps traders become confident about investing in this broker.

Additionally, as a global spread betting broker, City Index is authorized and governed by tier-one regional entities from across 3 continents (Europe, Asia, and Australia). City Index has to comply with the rules and standards imposed by the following global regulatory authorities:

Australian Securities and Investments Commission (ASIC)

Financial Conduct Authority (FCA) in the United Kingdom (license number 113942) trading as

Monetary Authority of Singapore (MAS) trading as

Central Bank of the United Arab Emirates (UAE) trading as



City Index is a great platform to trade with. It provides considerable options for traders to access global markets, including 65 spot forex pairs, 15 forwards, and over 10,000 CFDs on several trading platforms.

The broker deals well with traders of all experience levels.

We think City Index is stable; with a long track record, and surveillance by top-tier financial authorities and its parent company is documented on a stock exchange.

City Index Forex Broker










Leave a Reply

Notify of