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Written by: Ádám N. Updated: Dec 2022
Expert verified
Recommended for
  • forex trading 4.1/5
Trusted broker
Regulated by top-tier financial authorities
Popularity
137 people chose this broker in the last 6 months
BrokerChooser Score
4.4/5

City Index review summary

City Index is a global CFD broker, regulated by many financial authorities including the top-tier UK FCA. City Index has low forex trading fees, and non-trading fees, like withdrawal fees, are also low. Account opening is fast and smooth and a wide range of high-quality research tools are available. City Index provides only forex, CFDs and crypto trading. The fees for stock CFDs are high and the desktop trading platform is not user-friendly. BrokerChooser gave City Index a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.

City Index is a regulated broker, it is overseen by top-tier financial regulators in multiple countries . City Index is also covered by investor protection in selected jurisdictions. We at BrokerChooser always test brokers with real money, including the withdrawal process.

You can't open an account at City Index if you live in United States. See the best alternative available in your country.

City Index pros and cons

Pros Cons
Low fees for forex Product portfolio limited to forex and CFDs
Fast and smooth account opening High stock CFD fees
Diverse research tools Non-user-friendly desktop platform

City Index main highlights

🗺️ Country of regulation UK, Australia, Singapore
💰 Trading fees class Low
💰 Inactivity fee charged Yes
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1 day
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Available
💱 Number of base currencies supported 3
🎮 Demo account provided Yes
🛍️ Products offered Forex, CFD, Crypto
To read much more details about the broker's services and features, expand on the sections below.

City Index review
Fees

3.6
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.
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City Index review
Account opening

5.0
City Index's account opening process is fully digital and there is no minimum deposit. It took one day for us to get the account approved.
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City Index review
Deposit and withdrawal

4.5
City Index provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.
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City Index review
Web trading platform

4.3
City Index's web trading platform is user-friendly and extremely customizable, with lots of order types. On the negative side, there is no two-step login.
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City Index review
Mobile trading platform

4.3
City Index's mobile trading platform has a modern design and is easy to use. However, there is no two-step authentication.
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City Index review
Desktop trading platform

3.0
City Index's desktop platform has the same functions as the web trading platform but lags behind in user-friendliness.
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City Index review
Markets and products

2.3
At City Index, you can only trade CFDs, forex and cryptos. Other popular asset classes, like real stocks or funds, are not available.
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City Index review
Research

4.3
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.
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City Index review
Customer service

4.4
City Index customer service is great. You can reach them in many ways and get fast and relevant answers via phone and chat. On the negative side, email support is really slow.
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City Index review
Education

5.0
City Index does a great job in education. It offers many ways to learn, from a demo account to educational videos.
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City Index review
Safety

City Index is regulated by top-tier authorities, such as the UK's FCA. Its parent company, StoneX Group Inc. is listed on the NASDAQ Stock Exchange.
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City Index review
Bottom line

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City Index review
FAQ

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Author of this review

Ádám Nasli

Author of this review

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Ádám Nasli

Analyst Head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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