City Index review

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this review we compared City Index with competition based on ⏩ fees, spreads, offer of trading assets and experience of traders. City Index legally operates in the United Kingdom and Australia thanks to FCA and ASIC licenses.


Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Basic information from City Index review

About the broker

Web:https://www.cityindex.co.uk/
Readers' rating7 Votes
68
License:ASIC FCA
Supported languages:English
Year of foundation:1983
Holder: GAIN Capital UK Limited.
Methods of contacting customer support:E-mail, phone, online chat
Deposit methods:Bank transfer, Debit and Credit Cards, PayPal,
Withdrawal methods:Bank transfer, Debit and Credit Cards, PayPal

About trading with City Index

Minimum deposit:100 USD
Min. trade:0.01
Spreads:Look at the spread table - spread on the currency pair EUR/USD is 0.77 pips * on a standard account type
Underlying assets:
Might be a CFD.
Forex (84), stocks (4500), commodities (30), indexes (21), cryptocurrencies (5)
Demo account: Yes
Mobile app: Yes
MetaTrader 4:Yes
Other trading platforms:WebTrader
Social trading:No

Spreads & fees

Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at City Index, of course you can find current info on their website https://www.cityindex.co.uk/.

Spreads at City Index on standard account*

EUR/USDGBP/USDUSD/JPYEUR/GBPUSD/CHFEUR/JPY
0.77

* Spread was taken 27.05.2019 at 12:06 from the web or trading platform of City Index.

Random reviews of competing CFD brokers: IFXBrokers, LBLV, Swissquote and TradeView

The broker has not yet been rated by the visitors of the website. Write a review.

Frequently Asked Questions

🧐 Is City Index a scam?

We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if City Index is a scam or not.

🆓 How to open a free demo account?

Opening a demo account with City Index is very simple, just register on their website.

📱 Does City Index offer the best mobile app for trading?

City Index offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.

We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the City Index mobile app.

⚖️ Would you recommend me City Index?

City Index is one of tens (possibly hundreds) of brokers operating in the United Kingdom and Australia, and that's why it makes no sense to choose City Index as a broker where you trade before you compare it with competitors.

Is this an ad?

We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.

BrokerEnglishMin. depositSpread EUR/USD*PlatformsLicense
Readers' rating750 Votes
83
100 USD 1.0 pips
Spread was taken 11.10.2024 at 11:12 from the web or trading platform of Etoro.
In-house built platform FCAASICCySecetoro.comreview  EUR/USD*: 1.0 pips
Spread was taken 11.10.2024 at 11:12 from the web or trading platform of Etoro.
51% of retail investor accounts lose money when trading CFDs with this provider
Readers' rating774 Votes
86
0 0.9 pips
Spread was taken 11.10.2024 at 11:12 from the web or trading platform of XTB.
In-house built platformFCA CySecxtb.comreview EUR/USD*: 0.9 pips
Spread was taken 11.10.2024 at 11:12 from the web or trading platform of XTB.
77% of retail investor accounts lose money when trading CFDs with this provider
Readers' rating481 Votes
79
100 USD 0.8 pips
Spread was taken 11.10.2024 at 11:12 from the web or trading platform of Plus500.
In-house built CFD platformFCAASICCySecplus500.comreview EUR/USD*: 0.8 pips
Spread was taken 11.10.2024 at 11:12 from the web or trading platform of Plus500.
82% of retail investor accounts lose money when trading CFDs with this provider

* The spread is variable for most brokers and changes depending on market volatility.


Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 51% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.

Selecting an unsuitable broker can put even a great trader at a loss.

That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.

If you have any experience with City Index, please share it in the comments to help others to choose the suitable broker.

City Index review & user ratings

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