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City Index is a British company that provides Forex and CFD spread betting services. It is owned by StoneX Group and regulated by the Financial Conduct Authority.
City Index Main Highlights
| 🚀 Minimum deposit: | 100$ |
| ⚖️ Leverage: | Depending on the trading instrument |
| 🛡️ Regulations & Licenses: | FCA |
| 💵 Deposits/Withdrawals: | Debit/Credit Cards, PayPal, Bank Transfers |
| 💻 Trading platform: | MetaTrader 4, Web Trader, Mobile apps, AT Pro |
| 🌙 Islamic Account: | No |
| 🔗 Main domain: | cityindex.co.uk |
A Look at City Index
City Index has been around for almost four decades, having been founded in 1983 by Chris Hales and Jonathan Sparke. Spread betting started in 1984, and the company’s CFD wing began operating in 2001. In 2005, City Index purchased IFX Group, which included sister companies IFX Markets and Finspreads.com.
This led to City Index setting up offices in Singapore, Shanghai, and Sydney, to better serve its customers in the Asia Pacific region. In 2008, FX Solutions, a major US provider of white-label foreign exchange and retail services, was acquired by City Index. The next year, City Index released City Trading, the first CFD and spread betting trading app for the iPhone.
In 1997, Michael Spencer acquired control of City Index. In November 2014, it was sold to Gain Capital for $118 million.
This marked a milestone in the company’s growth and size. City Index became part of GAIN Capital, which now serves over 250,000 traders worldwide and has customer equity of $3.9 billion. In 2012, City Index created the Trading Academy, a six-week web series to show that anyone can learn how to trade in financial markets with the right training and support.
City Index Account Types
Choose the account that fits your needs and trade a wide range of markets, including stocks, indices, global commodities and foreign exchange.
Standard account
Standard accounts give you access to thousands of global markets across our award-winning platforms and apps, with powerful TradingView charting included.
- Competitive and reliable pricing.
- Trade over 13,500 global markets
- Award-winning platforms
MT4 account
Trade global markets with powerful trading tools, custom indicators and automated advisors. Access the world’s most popular FX trading platform and view markets in detail with a charting package. Get live updates on the latest market news.
- Expert Advisors (EAs)
- Integrated news and analysis
- Access a range of asset classes
Professional account
Suitable for highly experienced traders only, a Professional Trader account comes with greater risks involved. To qualify, you need to meet two of three criteria:
- Place a minimum of 40 significantly-sized trades within the last year
- Have a financial instrument portfolio of at least €500,000 or equivalent
- Worked in a professional position in the financial sector
Corporate account
A City Index corporate account gives investors access to more than 13,500 markets, the ability to add money through a corporate bank account or card, and the ability for multiple traders to use the same account.
- Use company funds to trade
- Trade in your business name
- One account, multiple users
City Index Regulations and Licenses
City Index is licensed by the Financial Conduct Authority (FCA) and follows the regulations of the European Securities and Markets Authority (ESMA). These licenses make sure that City Index has a leverage limit and protects against negative balance, so traders don’t lose money on their accounts.
They offer a stop-loss protection feature for an additional fee, which helps to protect retail investors against losses. Without this feature, accounts are at a higher risk of losing money.
City Index Trading Platforms
Award-winning Web Trader platform, MetaTrader 4, or on our mobile apps for iOS and Android.
Mobile app
Gain complete access to all spread betting and CFD markets with City mobile app, available on iOS and Android. It has all the features you need to trade shares, indices, forex and commodities.
- Felxibility: Trade CFDs and spread bets across multiple devices. Open on your desktop, close on your smartphone.
- Live TradingView charts: Plan your next trade with full-screen TradingView charts and 60+ technical indicators.
- Real-time price alerts: Stay ahead of every market move with live notifications, updates and more.
- Performance analytics: Gain deeper insight into your trading performance across key metrics
Web trader
Trade over 13,500 markets worldwide with this user-friendly online platform. Create your own workspace, enjoy fast and secure transactions, and view advanced charts.
- Fully-customisable: Switch between multiple personalised workspaces for ultimate flexibility.
- News and analysis: Get all the latest breaking market news from Reuters in-platform.
- New advanced charts: Trade through charts and custom indicators with precision drawing tools.
TradingView
Access an unparalleled trading experience with the help of supercharged charting tools across browser, desktop and mobile apps.
- Seamless platform experience
- All things trading are here
- TradingView community
MT4
Trade on Metatrader 4 and benefit from tight spreads, fast trade executions and unique trading tools.
- Multiple platforms, one account
- Dedicated FX platform
- Customisable economic calendar
- Expert Advisors
- Professional charting
City Index Deposits & Withdrawals
You have a few choices :
- Bank transfers, credit/debit cards, and PayPal.
The withdrawal process usually takes up to three days.
Education by City Index
City Index offers resources to help investors protect their money, no matter their level of experience.
Videos – Six videos can be used to teach people the basics of trading. A TV show for beginners is spread out over 6 weeks, with experienced traders giving tips. Unfortunately, many investors lose money due to a lack of knowledge. The same video content is also available on YouTube.
Written content – It has a training module with ten helpful articles about Forex and CFDs. When you open an account and log in, you can use these articles to learn more and decide if you can afford to invest in trading on this platform.
Training modules – This course is designed to ensure that you have the necessary knowledge to be successful when trading with City Index. The six modules are: Technical Analysis, Fundamental Analysis, Trading Strategies, Risk Management, Expert News and Analysis, and The City Index Advantage. In addition, there is a section that explains why it is beneficial to trade with CFDs through City Index.
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FAQs
Is City Index a scam?
No, It is a safe broker.
Is City Index securities legit?
Yes,It was founded in 1983 and is regulated by the FCA which means they have to keep client funds safe and segregated from their own money
What is the minimum deposit for City Index?
100$
Where are the offices of City Index located?
Devon House, 58 St Katharine’s Way, London E1W 1JP, UK
City Index Pros
- MetaTrader 4 platform available
- Wide range of trading instruments
City Index Cons
- Shortage of deposit/withdrawal methods
- The trading platform sometimes does not work properly.
