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City Index review

Rated 4.4 / 5 · Best for UK + EU + APAC discretionary traders wanting an established LSE-credible brand with deep instrument coverage.

Regulators
FCA, ASIC, MAS Singapore
Min. deposit
$0 (no minimum)
Spread from
0.5 pips (Standard)
Max. leverage
Up to 1:30 (EU retail) / 1:50 (Pro)
Platforms
MT4, Web Trader Pro, AT Pro, TradingView
Founded
1983 · London, UK

Pros

  • Founded 1983 — one of the oldest CFD brokers in the UK
  • Part of StoneX Group (NASDAQ: SNEX) — same parent as Forex.com
  • FCA + ASIC + MAS tier-1 regulation
  • 12,000+ instruments incl. share CFDs from 26+ exchanges
  • Web Trader Pro — sophisticated charting with Reuters news integration
  • No minimum deposit; segregated client funds

Cons

  • Spreads on FX (0.5+ pips) wider than ECN brokers
  • Inactivity fee of $15/month after 12 months dormant
  • Limited proprietary mobile app vs. peers

City Index review summary

City Index is a UK CFD broker founded in 1983 — among the oldest in the industry — now part of StoneX Group (NASDAQ: SNEX), the same Fortune 100 financial services parent as Forex.com. Regulated by FCA (UK), ASIC (Australia), and MAS (Singapore).

The City Index brand specifically targets active multi-asset discretionary traders with the Web Trader Pro proprietary platform offering sophisticated charting + integrated Reuters news. The instrument catalogue (12,000+) is among the broadest in retail CFDs.

Being part of the StoneX group means City Index benefits from the same regulatory transparency and balance-sheet visibility as a publicly-listed Fortune 100 company — an unusually strong counterparty risk profile for a CFD broker.

Where to trade

Best for UK + APAC discretionary traders wanting an established LSE-credible brand. Active scalpers should compare cost-per-trade with IC Markets and Pepperstone — City Index spreads are wider but the institutional credibility is real.

City Index — Frequently Asked Questions

Is City Index regulated and safe?

City Index is regulated by FCA, ASIC, MAS Singapore. Client funds are held in segregated accounts at tier-1 banks and the broker operates under active financial-services licenses. Verify each license number on the regulator's official website before opening an account.

What is the minimum deposit at City Index?

The minimum deposit at City Index is $0 (no minimum). Most account types accept this minimum; premium tiers may require higher deposits — see the account-types table above.

What are the typical spreads at City Index?

Spreads at City Index start from 0.5 pips (Standard). Actual spreads vary by account type, instrument, time of day, and market volatility. Raw/ECN accounts add a per-lot commission on top of the tighter spread.

What trading platforms does City Index offer?

City Index supports: MT4, Web Trader Pro, AT Pro, TradingView. MT4 / MT5 are the industry standards; cTrader is preferred for ECN execution; proprietary platforms offer broker-specific tools but less third-party compatibility.

What is the maximum leverage at City Index?

Maximum leverage at City Index: Up to 1:30 (EU retail) / 1:50 (Pro). EU retail clients are capped at 1:30 by ESMA rules regardless of broker policy. Professional clients and offshore-entity clients can access higher leverage subject to qualification.

Who is City Index best suited for?

UK + EU + APAC discretionary traders wanting an established LSE-credible brand with deep instrument coverage.