City Index Forex Broker

Quick City Index Review SummaryFounded1983Registered Country/AreaUnited KingdomRegulationFCATradable Assets13,500+, indices, shares, forex, gold/silver, commodities, futures, bonds, options, interest rates, thematic indicesDemo Account✅ (£10,000 in virtual funds for 12 weeks)Account TypesStandard, MT4Min Deposit$0LeverageUp to 1:500 for clients outside the UK and AustraliaEUR/USD SpreadFloating around 1.3 pipsTrading PlatformsMobile trading app, WebTrader, TradingView, MT4 (web, desktop, mobile)Payment MethodsVisa, MasterCard, Maestro and Electron, Bank transferDeposit Fee❌Withdrawal Fee❌Inactivity Fee£12 charged if inactive for 12 months or moreCustomer Support24/5City Index Information City Index, a trading name of StoneX Financial Ltd, is allegedly a global Spread Betting, FX and CFD provider established in the United Kingdom in 1983, offering 13,500+ markets with variable spreads from 0.5 points on the Mobile trading app, WebTrader, TradingView and MT4 trading platforms, as well as a choice of two different account types and 24/5 customer support service.Pros and ConsProsConsRegulated by FCA (Financial Conduct Authority)Limited contact optionsWide range of tradable assetsDemo accounts availableMT4 platformAdvanced trading tools and featuresNo minimum deposit requirementNo fees for deposits and withdrawalsIs City Index Legit? Yes. City Index is regulated by Financial Conduct Authority (FCA).Regulated CountryRegulated byRegulated EntityLicense TypeLicense NumberFinancial Conduct Authority (FCA)StoneX Financial LtdMarket Making(MM)446717Market Instruments City Index advertises that it offers spread betting, forex and CFD trading and it can give access to 13,500+ markets including indices, shares, forex, gold/silver, commodities, futures, bonds, options, interest rates, and thematic indices.Asset ClassSupportedIndices✔Shares✔Forex✔Gold/Silver✔Commodities✔Futures✔Bonds✔Options✔Interest Rates✔Thematic Indices✔Cryptocurrencies❌ETFs❌Account Types/Fees City Index offers two account types, Standard and MT4. Both are available for demo accounts.Account TypeSpreadCommissionStandard From 0.8 pointsFrom 0.5 pointsMT4❌❌ (except shares)How to Open an Account? To open an account with City Index, you can follow these steps: Step 1: Click “Open account” button on City Index's homepage. Step 2: Now you need to fill in your email address. Additionally, there is an option to subscribe to receive news, product updates, and offers via email. You can choose whether you'd like to receive these emails or not. Step 3: After entering your email address and making your email preferences selection, you will need to confirm your agreement to the City Index Privacy Policy and the possibility of being contacted about your application. Step 4: The next steps typically involve providing personal details, such as your name, address, and additional information about yourself, as requested on the application form. Step 5: Complete the application form by filling in all the required fields with accurate information. Step 6: Review the information you have provided to ensure its accuracy and completeness. Step 7: Once you are satisfied with the details you have entered, click on the “Complete Application” button or a similar option to submit your application.Leverage The maximum leverage provided by City Index is as high as 1:500 (for clients outside the UK and Australia). It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Trading Platforms Platforms available for trading at City Index are the Mobile trading app and WebTrader, as well as the world's most advanced and popularly-used MetaTrader4 and TradingView.Trading PlatformSupported Available Devices Suitable forMobile trading app✔Mobile/WebTrader✔Web, Mobile, Desktop/TradingView✔Web, Desktop/MT4✔Web, Mobile, DesktopBeginnersMT5❌/Experienced tradersDeposit and Withdrawal City Index accepts payments via Visa, MasterCard, Maestro and Electron, and Bank transfer. No fees charged for deposits and withdrawals.