City Index Forex Broker Review
FXMARE editorial rating, not user reviews.
Reviewed by the FXMARE Research Desk under our review methodology · licences last verified 2026-06-25
Also known as CityIndex
City Index is a London-founded, StoneX-backed CFD and spread betting broker with 40+ years of history, tier-1 regulation across five jurisdictions, and access to 13,500+ markets.
Spreads, minimum deposit and leverage are indicative and vary by account type and jurisdiction — confirm current terms on the broker’s site.
Between 74% and 89% of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs and leveraged products work and whether you can afford to take the high risk of losing your money. FXMARE is not a broker and does not offer these products; figures are indicative of those disclosed by regulated providers. This page is information, not financial advice. See our full risk disclosure.
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City Index Overview
City Index is a London-founded, StoneX-backed CFD and spread betting broker with 40+ years of history, tier-1 regulation across five jurisdictions, and access to 13,500+ markets.
City Index is regulated by FCA (UK), ASIC (Australia), CySEC (Cyprus/EU), MAS (Singapore), CIRO (Canada). Independently verifiable licences include FCA (UK) — StoneX Financial Ltd, FRN 446717; ASIC (Australia) — StoneX Financial Pty Ltd, AFSL 345646; CySEC (Cyprus) — StoneX Europe Ltd, Licence 400/21. It ranks among the most trusted, tier-1-regulated brokers in this comparison.
EUR/USD spreads are around 1 pips, with $0 (forex/indices/commodities — costs in spread; share CFDs: 0.08% per side, min £10) commission. The minimum deposit is £0 (£100 recommended) and maximum retail leverage is 1:30 (EU/UK retail), 1:400 (professional/elective). It does not provide a dedicated swap-free (Islamic) account (No Islamic or swap-free account offered as of 2026. Multiple independent reviews confirm this; no mention on official site.), so standard overnight swaps apply.
Platforms include City Index Web Trader, MT4, TradingView, City Index Mobile App. City Index provides 13,500+ CFDs and spread bets across Forex, funded via Debit card (Visa, Mastercard, Maestro), Credit card (Visa, Mastercard), Bank transfer (wire).
City Index is a highly reputable, well-regulated broker with a pedigree stretching back to 1983 and the institutional backing of Nasdaq-listed StoneX Group. Its five-regulator footprint (FCA, ASIC, CySEC, MAS, CIRO) and FSCS protection give it exceptional trust credentials, while the 13,500+ instrument range and polished Web Trader/TradingView setup suit active, research-driven traders. The main drawbacks are the absence of any Islamic/swap-free account, a £12 monthly inactivity fee, and standard spreads that are noticeably wider than ECN-focused rivals — making it a poor fit for tight-spread scalpers or Muslim traders.
Headquarters: London, United Kingdom · Funding: Debit card (Visa, Mastercard, Maestro), Credit card (Visa, Mastercard), Bank transfer (wire)
Pros
- Regulated by five tier-1/top-tier regulators (FCA, ASIC, CySEC, MAS, CIRO) under publicly listed parent StoneX Group (NASDAQ: SNEX)
- Extremely broad instrument range — 13,500+ markets including forex, indices, shares, commodities, bonds, ETFs
- Proprietary Web Trader with TradingView charts and 90+ indicators; fast execution averaging ~20ms
- Strong educational offering via Trading Academy; award-winning market research and Reuters integration
- FSCS protection (£85,000) for UK clients; no deposit or withdrawal fees
Cons
- No Islamic/swap-free account available — significant gap for Muslim traders
- EUR/USD spread around 0.8–1.2 pips on standard account is wider than pure ECN/raw-spread rivals; no raw account option
- £12/month inactivity fee kicks in after 12 months — expensive for casual traders
- No MT5; limited MetaTrader ecosystem compared to brokers offering full MT4/MT5 suite
Ratings Breakdown
City Index Fees & Costs
Regulation & Safety
Licence numbers link to each regulator’s public register so you can verify them yourself. Last checked 2026-06-25.
City Index is authorised by FCA (UK), ASIC (Australia), CySEC (Cyprus/EU), MAS (Singapore), CIRO (Canada). Brokers regulated in tier-1 jurisdictions are generally required to hold client money separately from company funds and may offer protections such as negative-balance protection or an investor-compensation scheme — the exact safeguards depend on the entity you sign up with. As with all trading, your capital is at risk. Confirm which entity, licence and protections apply to your country on the regulator’s register before funding an account.
Platforms
Available on desktop, web and mobile. Tradable across Forex. Track every position you take with City Index in the FXMARE trading journal.
FXMARE Verdict
City Index is a highly reputable, well-regulated broker with a pedigree stretching back to 1983 and the institutional backing of Nasdaq-listed StoneX Group. Its five-regulator footprint (FCA, ASIC, CySEC, MAS, CIRO) and FSCS protection give it exceptional trust credentials, while the 13,500+ instrument range and polished Web Trader/TradingView setup suit active, research-driven traders. The main drawbacks are the absence of any Islamic/swap-free account, a £12 monthly inactivity fee, and standard spreads that are noticeably wider than ECN-focused rivals — making it a poor fit for tight-spread scalpers or Muslim traders.
City Index — frequently asked questions
Is City Index regulated?
City Index states it is authorised by FCA (UK), ASIC (Australia), CySEC (Cyprus/EU), MAS (Singapore), CIRO (Canada). We last checked those licence details against the regulators' own public registers on 2026-06-25. Licences are entity-specific: the group company that onboards you depends on your country, so confirm which entity your client agreement names before depositing.
What is the minimum deposit at City Index?
City Index lists £0 (£100 recommended) min deposit. Minimums vary by account type, funding method and regional entity, so treat this as indicative and confirm the figure on the broker's own site for the account you intend to open.
What spreads does City Index offer on EUR/USD?
City Index advertises spreads from 1 pips, with EUR/USD quoted around 1 pips (standard). Commission: $0 (forex/indices/commodities — costs in spread; share CFDs: 0.08% per side, min £10). Advertised "from" figures are floors seen in ideal conditions rather than averages — compare total cost per round turn (spread plus commission) at the volume you actually trade.
What is the maximum leverage at City Index?
City Index advertises up to 1:30 (EU/UK retail), 1:400 (professional/elective). Leverage caps are set by the regulator of the entity you trade with, so retail clients in the UK, EU and Australia receive materially lower caps than the headline figure. Higher leverage magnifies losses as much as gains.
Does City Index offer swap-free (Islamic) accounts?
No. City Index does not currently advertise a swap-free (Islamic) account. No Islamic or swap-free account offered as of 2026. Multiple independent reviews confirm this; no mention on official site.
Which platforms does City Index support?
City Index supports City Index Web Trader, MT4, TradingView, City Index Mobile App. Platform availability can differ by entity and account type — a platform offered in one region is not guaranteed in another, so verify it is available on the specific account you plan to open.
Community Rating
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Complaints & Resolutions
No complaints filed against City Index. If you’ve had an unresolved issue, you can file one above.
FXMARE may earn a commission if you open an account through links on this page, including any placement marked Sponsored. This does not affect our independent rating of City Index. Trading forex and CFDs carries a high level of risk and most retail accounts lose money. This review is information, not financial advice — verify all terms with the broker directly.