City Index Review 2024 • Fees, Pros & Cons

City Index was founded in 1983. It is a trustworthy trading platform. Top authorities regulate the platform. It provides secure access to over 13,500 markets. Traders can trade with up to 30:1 leverage and a minimum deposit of £100 and $150. This is possible due to top-tier banking and segregated funds. This allows for flexible trading options.

Experience with advanced trading tools, competitive spreads, and outstanding customer support. Open an account today and expose a world of trading opportunities.

City Index Regulations

Is City Index a good broker? Yes, City Index has a proven record of accomplishment of financial strength and security.

The Securities and Futures Commission SFC
The National Futures Association NFA
The Monetary Authority of Singapore MAS
The Financial Services Agency FSA
The Australian Securities and Investments Commission ASIC
Financial Conduct Authority FCA
Cyprus Securities & Exchange Commission CySEC
Commodities Futures Trading Commission CFTC
Cayman Islands Monetary Authority CIMA
Canadian Investment Regulatory Organization CIRO

FCA provides segregated client funds and the Financial Services Compensation Scheme (FSCS) compensates up to £85,000 event of liquidation of investor accounts lose money.

City Index account types

City Index offers three account types,

Standard account

The standard account is available as CFD or spreads betting, designed for retail traders' everyday trading.
You can trade across 13,500 + multiple asset classes, including FX, shares, indices, and commodities.
Enjoy competitive pricing with no hidden charges or fees.
Utilize advanced charting tools and 80+ indicators on powerful platforms and apps.
You can benefit from reliable and secure funding options.

MT4 account

Trade over 300 Markets access a variety of asset classes, including FX, indices, and commodities on the world’s most popular FX platform.
Utilize Expert Advisors (EAs) and custom indicators from FX Blue to enhance your trading strategies.
Stay updated with live market news and analysis directly within the MT4 platform.
Seamlessly trade on MT4 across desktop and mobile, with powerful tools and charts available on all devices.
Download MT4 for desktop or trade on the go with MT4 apps for Android and iOS.

Corporate account

Corporate fund trading traders can use company funds to trade, which you can fund with a corporate card or a bank account.
Register and trade under your firm name, gaining access to over 13,500 global markets.
Manage one account and offer access to several people, making it great for teams.
Log in from any device, whether at work or on the go and get powerful tools and charts at your fingertips.

Demo account

Open a City Index demo account. You will receive £10,000 in virtual funds to practice trading across a wide range of markets, all without risking any real money.

City Index assets and instruments

City Index offers a wide range of asset classes and instruments.

Forex
Shares
Metals
Commodities
Indices
Bonds
ETFs, and
Interest Rates

City Index forex broker

City Index review offers over 80+ Forex Pairs including major, minor, and exotic with a spread as low as 0.5pts.

City Index broker offers two main methods for trading forex, tailored to different investor preferences.

FX Spread Betting: Popular among UK investors due to tax-free profits under UK Capital Gains Tax rules.

Spot FX: It is available through CFD as are complex instrument and MT4 accounts for direct forex trading.

Forex Pairs
GBP/USD	AUD/CNH
EUR/USD	AUD/JPY
USD/JPY	AUD/NZD
AUD/CAD	AUD/SGD
AUD/CHF	AUD/USD

Trade CFDs futures trading cost

Market type	Minimum spreads from	Margin	Leverage
Forex	0.2 pts	3.33%	1:30
Indices	0.3 pts	5%	1:20
Shares	0.1pts.	20%	1:5
Commodities	0.05pts.	5%	1:20

Speculate 4,700 global shares including AMZN, GOOG, and APPLE with commissions as low as eight basis points.

Shares
Tesla Motors	Albermarle	Aggreko
Apple Inc	Alibaba Group Holding	Agnico-Eagle Mines
3M Company	Align Technology	Ahold Delhaize
A2 Milk Co Ltd	Allied Minds	Air France-KLM
ABB Ltd (CHF)	Alphabet Inc A	Airbnb Inc
AbbVie Inc	Alphabet Inc C	Akamai Technologies
Accenture	Alstom	AMD Extended Hours
Adidas AG	Amazon Extended Hours	American Airlines Group
Admiral Group plc	Amazon.com	American Express
Adobe Systems	AMC Entertainment	Advanced Micro Devices

Metals

You can trade precious metals like gold, silver, platinum palladium, and iron ore with a low fixed spread of 0.3 pts.

Indices

You can trade 20+ major global indices at City Index, including the UK 100, Wall Street, and Germany 40. Choose between spread betting and CFD accounts and enjoy competitive spreads on European, US, Asian, and Australian indices.

Indices
UK 100	AI Index CFD
Wall Street	Australia 200
US Tech 100	Blockchain and NFT Giants Index
Germany 40	Cannabis Index
US SP 500	CBOE UK 250

Bonds

Trade bond markets like the UK Long Gilt, Euro Bund, and US T-Bond with ultra-tight spreads starting at just 0.02 points. Go long or short to profit from both rising and falling bond prices.

Interest rates

You can trade across diverse financial markets, including Eurodollar, Euribor, and Short Sterling rates, and profit from both rising and falling interest rates.

Discover Short-term trading opportunities with the City Index by speculating on interest rate movements through CFDs or spread bets. Enjoy competitive pricing with spreads starting from just 0.02 points.

Option trading

Traders can trade daily, monthly, and quarterly options with tight spreads across 40+ markets, including FX, indices, and commodities.

Options trading allows you to capitalize on any market condition, offering income generation, risk management, and leverage opportunities.

Commodities

Trade 20+ commodity markets, gain experience to geopolitical events, and enjoy competitive spreads starting from just 0.06 pts. Simplify your trading with exclusive spot contracts. Capitalize on global market volatility by trading top commodities like crude oil, gold, and natural gas through spread bets or CFDs.

Commodities
US Crude Oil
Coffee C
Copper
Corn
Cotton No 2
Lean Hogs
Live Cattle
Natural Gas
Orange Juice
Soybean

Trading platform

City Index Trading Review provides a range of trading platforms including WebTrader, MetaTrader 4, and mobile apps, catering to various trading needs. Moreover, the trading platform has regular supervision of electronic trading systems.

Web Trader

City Index WebTrader is a proprietary platform that includes the following functionalities. It provides CFD and spread betting accounts. You can trade 13,500 City Index markets like indices, stocks, forex, metals, and commodities.

Trading Central provides fundamental and technical research across hundreds of markets.
Performance Analytics measures trading performance and behavior.
Reuters provides fully integrated market news.
Utilized advanced TradingView charting capabilities.
It offers Customizable workplaces.
More than 10 chart types.
Easy chart navigation with a single click.
It provides more than 80 technical indicators.
A variety of drawing tools is available.

Meta trader 4 MT4

City Index is a trading platform for MetaTrader 4, which is a popular choice for trading conventional MT4 indices, Forex, metals, and commodities.

The platform is accessible online, mobile, and desktop, and it contains 30 standardized indicators, over 2,000 free technical indicators, and 700 premium choices.
It enables several order types, configurable watchlists, and hedging features without the requirement for a third-party bridge.
The software also supports Expert Advisors (EAs), which allow access to the MetaTrader Market.
It also includes 24 analytical objects and more than 20 FX Blue apps, which include distinctive indications and professional advisors.
Trading Central provides fundamental and technical analysis, while Reuters delivers fully integrated market news.

Mobile app

City index mobile trading app for iOS and Android provides you with unrestricted access to all spread betting and CFD markets, including full functionality and features for trading shares, indices, FX, and commodities.

TradingView

You can Trade indices, stocks, forex, metals, and commodities on the web and desktop platforms with the support of TradingView.

Over 100 pre-built indicators, 100,000 community-built indicators, 50+ drawing tools, 12+ chart formats, and up to 8 charts per tab.
Flexible trading includes drag-and-drop trading on charts, a variety of order types, configurable watchlists, and hedging capabilities.
It offers multiple alert alternatives without the need for a third-party bridge.
It provides Pine Script for creating custom indicators and strategies, stock/forex/crypto screeners, and corporate reports.
Strategy testing involves simulating trades and testing strategies using thorough reporting.
Social Trading features for an active community, asset screeners, and financial reporting.

Deposit and withdrawal methods

You can easily fund your account using the following methods

City Index fees and commissions

City Index maintains transparency and clarity regarding all trading costs, ensuring you know exactly what you are paying when you trade. Here is a concise breakdown:

Category	Details
Spreads	UK Shares: 0.10% (min. £8 commission) US Shares: 1.5 cents per share (min. $8 commission)
CFD Margin Requirements	0-1,000: 5% 1,000-10,000: 10% 10,000-50,000: 15% 50,000+: 20%
Financing Fees	UK: 2.5% + SONIA for long positions US: 2.5% + SOFR for long positions
Overnight FX Financing	Swap points calculate it.
Deposits/Withdrawals	2% fee on credit/debit card deposits Foreign currency withdrawal wire transfers may incur charges
Inactivity Fee	$15 monthly fee after 24 months of inactivity
Futures Rollover Discount	50% spread discount on futures contracts rolled at expiry.

Spreads and commissions

City Index trading fees are both fixed and variable spreads depending on the market. CFDs are commission-free, but the spreads vary.

Key information for indices, shares, forex, commodities, and metals CFDs at City Index.

Indices – CFD

Market Name	Min. Spread (Fixed)	Margin From*
Wall Street	2 points	5%
Germany 40	1.2 points	5%
Singapore Index	0.3 points	5%
US SP 500	0.4 points	5%
UK 100	1 point	5%

Shares – CFD

Market Name	CFD Commission / Minimum	Margin From*
DBS Group Holdings	0.08% / SGD 10	10%
Keppel Corp	0.08% / SGD 10	10%
Singapore Telecommunications	0.08% / SGD 10	10%
Apple Inc	1.5 CPS / USD 8	10%
Facebook	1.5 CPS / USD 8	10%

Forex – CFD

Market Name	Minimum Spread	Typical Spread	Margin From*
EUR/USD	0.5	0.8	5%
USD/JPY	0.6	0.8	5%
GBP/USD	0.9	1.8	5%
AUD/USD	0.5	0.9	5%
EUR/GBP	0.9	1.7	5%

Commodities – CFD

Market Name	Spread	Spread Pricing	Margin From*
US Crude Oil	0.4 points	Around market spread	20%
UK Crude Oil	5 points	Fixed	20%
Coffee	0.9 points	Fixed	20% (pay)
Sugar	0.06 points	Fixed	20% (pay)
Natural Gas	18 points	Fixed	20%

Metals – CFD

Market Name	Min. Spread (Fixed)	Margin From*
Gold	0.5 points	20%
Silver	2.5 points	20%
Copper	0.4 points	20%
Platinum	0.83 points	20%

Commission on Share CFDs

Market Name	CFD Commission	Minimum
Singapore shares	0.08%	SGD 10
US shares	1.5 cents per share	USD 8
UK shares	0.10%	GBP 8
European shares	0.10%	EUR 8
Australian shares	0.08%	AUD 5
Hong Kong shares	0.15%	HKD 15
Japanese shares	0.05%	JPY 1,000

Note: Margin requirements are the percentage of the total trade value that you need to deposit to open the position.

Customer service

The city index team is available 24/5 to assist with your questions and concerns. You can open a request to leave a message for the client services team. They respond within one working day.

Conclusion

City Index, formed in 1983, is a reputable trading platform that provides access to over 13,500 global marketplaces. It is regulated by top-tier regulators such as the FCA, ASIC, and CySEC, and provides exceptional security through segregated client money and FSCS coverage.

The platform offers a variety of account types, competitive spreads, and powerful trading tools to cater to a wide range of trading styles. Its transparent pricing and the availability of a demo account make it a good alternative for traders looking for flexibility and a diverse selection of chances.

Disclaimer: CFDs are complicated instruments that carry a high risk of losing money quickly owing to leverage. 71% of regular investor accounts lose money when trading CFDs with this supplier. You should examine whether you understand how CFDs work and whether you can afford to incur the significant risk of losing money.

Pro Tip

Open a City Index account today and improve your trading results with our trusted Forex brokers! Stay informed about CFDs, FX, stocks, and cryptocurrencies, and use real broker reviews to make sound trading decisions.

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Rita Juliet

2 years ago

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