One of the world’s largest multi-asset brokers, City Index was originally founded in 1983 in the United Kingdom. Currently, City Index is considered one of the world leaders in spread betting and CFD trading. Offering traders, the ability to trade Contracts For Differences (CFDs), spread-betting derivatives and a growing list of forex pairings.

We may receive compensation from our partners for placement of their products or services, which helps to maintain our site. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products. City Index is a well-respected broker that is currently regulated in eight different countries around the world, including FCA, MAS, CySEC and others.

Technical and Fundamental Portal (Trading Central)

It is based on the price of the pair at the time of entry, the pair itself, and volume being traded. Therefore, is it always best practice to leave an excess of funds than required to keep the position open. For assistance and further information we recommend contacting our support team by phone and press 9 to speak directly with a representative. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.

• On City Index, the standard MT4 platform is upgraded with variable forex pricing and access to all of City Index’s market analytics.
• The material can be accessed on the structured “Courses” page, which bundles lessons on a specific subject into a course, or on the unstructured “Lessons” page, which just lists all lessons available.
• City Index specializes in spread trading and CFDs and it can offer competitive pricing for these products, especially with its fixed and variable rates.
• This makes it important to understand instrument-specific pricing before executing trades.
• City Index is a highly regulated online trading platform, ensuring the safety of its users’ funds and maintaining a transparent and secure trading environment.
• The MetaTrader 4 (MT4) trading platform includes a plethora of built-in capabilities that are supplemented by City Index’s service, support, and pricing.

Card and PayPal deposits are usually processed instantly, while bank transfers may take up to three business days to appear in the trading account. City Index does not charge internal fees for deposits, though third-party charges from banks or payment processors may apply. Detailed funding instructions are provided within the client portal to help streamline the process. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. MT4 is available for City Index traders – albeit with fewer markets to trade – and MT5 is only available in select regions for City Index clients.

Why You Should Trust RationalFX

City Index offers a variety of courses—from foundational lessons about financial markets and leverage, to advanced strategies involving patterns and indicators. The structured content helps traders progress naturally from beginner to expert, with useful guides and practical tools to apply concepts in real trading. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Dozens of trading ideas and opportunities utilizing diverse market approaches are offered on the platform.

Forex Risk Disclaimer

Backed by 🇺🇸 NASDAQ-listed StoneX Group, the broker provides secure, instant access to 13,500+ markets. Its industry-leading execution speed of 0.02s and a 99.99% trade success rate make it a preferred choice among over 1 million account holders. We note, that this integration is only available for Australian traders at this time. Most City Index retail clients will use the Standard account or MT4.

Withdrawal Options and Fees

Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA). City Index offers a rich educational experience that will satisfy both beginner and intermediate traders.

This subsidiary serves all clients in the UK and Europe however most clients in Europe would be encouraged to join Forex.com which is also owned by the StoneX group Inc. This division of City Index serves all clients in Australia and New Zealand. City Index offers MetaTrader4 and their proprietary City Index Desktop and WebTrader. Ultimately, each trader must weigh the pros and cons themselves and choose what is right for them. Use the calculator below to compare City Index’s trading costs with competitors such as Pepperstone, Eightcap and CMC Markets, adjusting for trade size, currency pair, and base currency.

Both City Index Mobile and the MT4 mobile app are ideally suited for traders who are on the move, providing stop-loss orders, watchlists functionality, and Reuters news integration. We tested the Execution Speeds and the account opening process for various forex brokers and scored City Index 8 out of 15. While a dedicated account manager was automatically assigned, the account opening process took days, and establishing an MT4 account required intervention from the account manager. However, beginners should be aware that City Index primarily caters to more active traders. If you’re completely new to trading, you may want to take your time exploring the platform and the different assets available before diving into live trading. The platform also integrates intelligent trading tools to simplify the trading process.

• Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
• With a wide range of instruments, competitive spreads and flexible leverage options, it provides a solid foundation for traders to manage and grow their investments.
• However, average pricing and a limited MetaTrader offering hold City Index back from competing with the best forex brokers.
• Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
• Yes, City Index offers a free demo account for both its proprietary Web Trader platform and MetaTrader 4 (MT4).
• Use the calculator below to compare City Index’s trading costs with competitors such as Pepperstone, Eightcap and CMC Markets, adjusting for trade size, currency pair, and base currency.

Users can set custom price alerts, build watch lists, and chat with customer service. The apps integrate TradingView for charting, allowing users to take full advantage of its advanced charting capabilities and extensive technical analysis tools. The order interface looks identical to the web programs, allowing adequate risk management while on-the-go. City Index provides traders with fast, flexible, and reliable trading platforms that are available in multiple versions — desktop, web, and mobile. With over 16 chart types, real-time news from Reuters, and 80+ technical indicators, the City Index trading platforms can be customized to suit individual traders’ needs. City Index’s proprietary Web Trader platform delivers a rich trading experience while providing access to City Index’s full product offering.

City Index offers competitive and flexible trading conditions tailored to different trading strategies and asset classes. City Index specializes in spread trading and CFDs and it can offer competitive pricing for these products, especially with its fixed and variable rates. You can also use it to gain access to forex spot trading, but it can only be done through MT4 and the pricing seems a bit high. There is also a monthly inactivity fee of £12 for trading accounts that are inactive for 12 months or more. City Index doesn’t make any charges for debit card, credit card deposits or transfers and the broker also doesn’t charge for money withdrawals. CFD traders can trade on options, indices, currencies, commodities and bonds are commission-free, and you have to pay commissions for CFDs on shares, which vary depending on the market you want to trade.

Such as 24-hour senior trader help, interests paid on cash balances, access to VIP events, and a flexible margin rate. When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources. RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2,500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information. City Index prides itself on providing excellent customer support, ensuring that traders can receive assistance when needed. With multiple communication channels and a knowledgeable team, City Index is committed to offering timely and efficient solutions to any enquiries or issues.

Thank you so much for taking the time to leave a review about our services. As we continuously strive to find ways to improve our products and services, we look forward to hearing more from you about your trading experience. For assistance or to discuss your feedback in more detail, we recommend contacting us by phone. Alternatively, our support team is available by live chat via our website, or email

Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. No fixed minimum deposit is required, making it flexible for traders of all experience levels to get started.

SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc. Excellent web interface for the desktop.They engage with their account holders and from time to time do seriously good webinars. Have used them for decades, always had knowledgeable staff on the trading for trading, platform also works well for online trading. Have sorted out the issue of withdrawing fund, now get them same day. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com.

Platforms & Tools

Some regional representation in China (e.g., Shanghai) exists but is not typically counted as a primary country‑level support hub. Most requests submitted via form are answered within one business day, and common questions are also covered in a detailed FAQ section. City Index uses automatic margin monitoring and position closure to help prevent account losses. In addition, it supports strong internal controls, regular audits, and compliance with all regional regulatory standards like 🇬🇧 FCA and 🇺🇸 CFTC requirements. Answer a short questionnaire covering your financial background, trading experience, and investment knowledge. Then select your preferred account type, Standard or MT4, and choose your base currency.

The tone is honest and unfiltered, highlighting real‑user tradeoffs. City Index combines high-quality educational content with interactive tools to help traders improve confidently. With step-by-step courses, a rich city index review glossary, and a risk-free demo environment, it’s an ideal resource hub for traders looking to enhance their skills at their own pace.

Compared to other online CFD providers, we like that City Index supports multiple order types and has the ability to program your entry and exit points. To get some of these features, you will need to be using the City Index Trading Platform. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website.