City Index Review 2025: Pros, Cons, & Fees

Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid. City Index runs a market-maker pricing model through its proprietary dealing desk. In other words, City Index creates its own market for retail traders to buy and sell financial instruments. When it comes to leverage, City Index’s offering is fairly muted compared to other leading forex brokers.

Our broker ratings are also informed by the experience of our researchers during the evaluation process. Overnight financing fees, commissions, and spreads are the primary channels through which City Index makes money. While Forex, indices, and commodities are traded commission-free, spreads are built into the trades, and options and stock CFDs have commission-based pricing. For overnight leverage by traders, there is a swap fee that is determined by the underlying asset’s interest rate. There is also a monthly inactivity fee of $15 for accounts with no trades in 12 months. City Index is an excellent choice for traders because it offers a well-rounded experience that includes strong customer support, in-depth educational resources, and market analysis tools.

Commissions and Fees

Podcasts would further enrich the experience for traders like me who like to listen on the move. While the tools are highly effective, I’ve noticed some areas for improvement. It would be great to have more interactive options, like live weekly webinars or Q&A sessions with analysts, to discuss real-time market developments.

The first section provides an introduction to the forex market and outlines key concepts. This is followed by a dedicated section on the basics of fundamental and technical analysis. The final section focuses on teaching advanced concepts including trading strategies. We note, that this integration is only available for Australian traders at this time. Both accounts have no commissions with spreads from 0.5 pips, the only difference is the trading platform you use. With the MT4 trading platform and no commission trading, we look at what they offer the markets in Australia, The UK, and Singapore.

City Index city index review offers 65 forex pairs and 17 indices, as well as CFD trading in over 4,500 shares of very popular companies from the U.S., Europe, and Asia. Their offer of CFDs is limited in some respects, but that’s hardly a huge drawback. The company also facilitates a variety of options trading, though City Index didn’t make our current list (2021) of the best brokers for options trading. Founded in 1983, the brokerage is a part of GAIN Capital, a US-based online trading service provider. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team.

City Index delivers high-quality market research that scores above the industry average. The only downside with its research coverage is a general lack of daily video content. Its in-house written materials are high quality, and market coverage is diverse. Customer support can be reached by email, but that can take a long time, sometimes even several days. It’s a lot easier to reach them by phone or live chat as they respond very quickly.

Customer Support

Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. This set of common questions will provide answers and solutions for most issues. When more rigorous support is needed, however, City Index’s staff is there to help.

Mobile App

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. It’s important to point out, however, that traders do not buy contracts of the underlying instruments. Instead of contracts, clients are betting on the price movements of the financial asset. Overall we found that City Index performed poorly, a lowly 17th of the 20 brokers. To verify our results we did the test again one week later and the results were similar.

• In early 2017, GAIN acquired FXCM’s U.S. accounts worth $7.2 million immediately after FXCM was banned in the U.S.
• Perhaps the single aspect we like most about City Index is the vast range of CFD trading options it offers.
• Additional commissions and fees exist only for CFDs on equities and they vary for different markets.
• Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

City Index also offers cryptocurrencies, but only for its Australian clients. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. FOREX.com gives you direct access to global forex markets with low spreads, lightning-fast execution and powerful trading platforms—all under the regulation of the CFTC. Fixed spreads might be offered on certain instruments and in certain trading periods.

Contents

Superior trade execution, choice of order types, including partial closures of positions and hedging tools, provide traders with additional tools to increase profitability. With over 12,000 assets across nine categories, the selection is outstanding for all types of traders and asset management firms. Proper cross-asset diversification is possible, and every trading strategy has numerous opportunities across the global financial system. Pure Forex traders have access to 84 currency pairs, complemented by commodity CFDs and a primary cryptocurrency selection. Over 4,500 equity and 21 index CFDs provide coverage of the most liquid assets across numerous markets.

Traders can place trades as small as 0.01 lots (micro lots) when dealing with MT4. When dealing with Indices, commodities, and stock CFDs, the instrument being traded determines the minimum stake. City Index lists all precise details relating to stakes on their website, allowing traders to verify before moving forward. There are different account types available at City Index, each of which is perfect for different experience levels and trading preferences. While we think City Index offers a lot of benefits to traders, we view these two factors as major disadvantages.

Reviews

City index offers retail investors and professional traders hundreds of lessons available at their fingertips. The educational material encompasses a broad range of topics from lessons on how CFDs work and a trading strategy course that is valued at over $5,000. While you can bet on the same products as you can trade with CFDs, there are some differences to note between CFDs and spread betting. The first is that CFDs quote in pips while when spread betting, the quote is in points. Regardless since these prices are both matched to the same underlying instrument, the price is the same, just to a different decimal.

How do I open an account with City Index?

Unfortunately, there is no zero-spread account, which would be ideal for active traders interested in trading small price movements. Educational resources are especially high quality and great for beginner investors, as well as more experienced traders, and the research resources are also top-class. There are high-quality videos, articles, and webinars on a wide range of topics.

• My only criticism is that the 12-week time frame didn’t allow me to explore the platform’s capabilities and thoroughly test potential swing trading strategies.
• It’s a lot easier to reach them by phone or live chat as they respond very quickly.
• The Professional account provides access to the most superior trading environment, but there is specific criteria which needs to first be met.
• It’s also worth mentioning that City Index offers demo account but swap-free Islamic account.
• Courses are also available, allowing you to build your trading knowledge progressively.

TradingView offers sophisticated charting tools, technical analysis capabilities, and one of the world’s largest social trading communities where you can share and discover trade ideas. 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.

Deposits & Withdrawals

There are two types of demo accounts, both of which can be used for up to 12 weeks. This percentage is not unusual because CFDs are very risky financial products in general, so make sure you know what you’re doing before trading. Overall, City Index is a solid option for traders looking for a well-established broker with strong research tools and a wide range of markets. While it may not be the best fit for those seeking social trading or crypto exposure, it remains a reliable choice for traders who value regulation, research, and platform flexibility. City Index operates in some of the largest trading markets like the UK, Australia, Singapore, UAE, and South Africa. Only users from countries where leveraged trading is restricted can’t access the broker.