City Index Review

  • Minimum Deposit: $0
  • Products: Forex, CFD, Crypto

    72% of retail CFD accounts lose money

    City Index is considered highly trusted, with an overall Trust Score of 4.6/5. City Index is publicly traded, does not operate a bank, and is authorised by three tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). City Index is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC)Monetary Authority of Singapore (MAS), and the Financial Conduct Authority (FCA).

    Pros

    • Low fees for forex
    • Fast and smooth account opening
    • Diverse research tools
    Cons

    • Product portfolio limited to forex and CFDs
    • High stock CFD fees
    • Non-user-friendly desktop platform

      City Index main highlights

      Country of regulationUK, Australia, Singapore
      Trading fees classLow
      Inactivity fee chargedYes
      Withdrawal fee amount$0
      Minimum deposit$0
      Time to open an account1 day
      Deposit with bank cardAvailable
      With electronic walletAvailable
      Number of base currencies3
      Demo account providedYes
      Products offeredForex, CFD, Crypto

      Fees

      City Index has low fees for forex trading and there is no withdrawal fee. On the other hand, stock CFD fees are high and an inactivity fee kicks in after one year.

      Pros

      • Low forex fees
      • No withdrawal fee
      Cons

      • Inactivity fee
      • High stock CFD fees
      City index fees snapshot
      Assets Fees Level Fees Terms
      S&P 500 CFD Low The fees are built into the spread, 0.4 points is the average spread cost during peak trading hours.
      Europe 50 CFD Low The fees are built into the spread, 1.9 points is the average spread cost during peak trading hours.
      EURUSD Low The fees are built into the spread, 1.1 pips is the average spread cost during peak trading hours.
      Inactivity fee Low £12 per month after one year of inactivity

      Markets and products

      At City Index, you can only trade CFDs, forex and cryptos. Other popular asset classes, like real stocks or funds, are not available.

        • Currency pairs – 84
        • Stock index CFD – 40
        • Stock CFDs – 4,700
        • ETF CFDs – 690
        • Commodity CFDs – 41
        • Bond CFDs – 14
        • Cryptos – 8

        Disclaimer: (CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money)

        Research

        City Index has great and diverse research tools. You can take advantage of good charting tools, trading ideas and quality news. On the other hand, it lacks fundamental data.

        Pros

        • Good interactive chart
        • Trading ideas
        • Quality news flow
        Cons

        • No fundamental data available

        You can find City Index’s research tools on the trading platforms or on the website under ‘Market News’.

        Education

        City Index does a great job in education. It offers many ways to learn, from a demo account to educational videos.
        At City Index you have many options to improve your trading skills:

        • Demo account
        • Platform tutorial videos
        • General educational videos
        • Webinars
        • Quality educational articles
        • Performance analytics tool

        We liked the useful and high-quality platform tutorial videos.

        By using the performance analytics tool you can understand your own trading behavior better. It provides insights based on your trading history from three angles: psychology, strategy and timing.

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