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City Index Review 2024

Written by
Adam N.
Fact checked by
Updated
5d ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Desktop platform
Product selection
Regulated and trusted. Tested via live trading.
1,193 people chose this broker
Not available in United States; see best alternatives

Why choose City Index

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.

However, 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 4.5/5 rating based on analyzing 600+ criteria and testing via opening a live account.

  • Low fees for forex
  • Fast and smooth account opening
  • Diverse research tools
Overall score
4.5/5
Minimum deposit
$0
FX fee
Low
Index CFD fee
Low
Withdrawal fee
$0
Account opening
1 day
Visit City Index

69% of retail CFD accounts lose money

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EURUSD spread
Usual spread in pips

Fees

Score: 3.7/5
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.
  • Low forex fees
  • No withdrawal fee

We compared City Index's fees with two similar brokers we selected, CMC Markets and XTB. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of City Index alternatives.

Low FX fees

All fees are built into the spread, so there is no separate commission charged. For example, the EUR/USD spread is 1.1.

Broker
EURUSD spread
FX commission per lot
City Index
1.1
No commission is charged
CMC Markets
0.7
No commission is charged
XTB
0.8
No commission is charged
City Index forex spreads and commissions

Low index CFD fees

All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 0.4.

Broker
S&P 500 CFD spread
City Index
0.4
CMC Markets
0.6
XTB
0.5
City Index index CFD spreads and commissions

High stock CFD fees

The commission for stock CFD trading is the following: $0.018 per share; min $10.

Broker
Apple CFD
City Index
$10.1
CMC Markets
$10.1
XTB
$2.9
City Index stock CFD spreads and commissions

Low inactivity fee, no withdrawal fee

There is no withdrawal fee or account maintenance fee.
On the other hand, there is a£12 monthly fee after one year of inactivity.

Broker
Inactivity fee
Withdrawal fee
City Index
$0
CMC Markets
$0
XTB
$0
City Index inactivity, withdrawal and other fees

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.
  • Majority of clients belong to a top-tier financial authority
  • Listed on stock exchange
  • Negative balance protection
Read more

Deposit and withdrawal

Score: 4.4/5
City Index provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
Read more

Account opening

Score: 5/5
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.
  • Fast
  • Fully digital
  • No minimum deposit
Read more

Mobile app

Score: 4.5/5
City Index's mobile trading platform has a modern design and is easy to use. However, there is no two-step authentication.
  • User-friendly
  • Good search function
  • Good variety of order types
Read more

Desktop platform

Score: 3/5
City Index's desktop platform has the same functions as the web trading platform but lags behind in user-friendliness.
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
Read more

Product selection

Score: 2.3/5
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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“I recommend City Index for forex traders, because it provides low forex fees. Those traders who are interested in trading options, bonds or stocks, should look elsewhere though, as these products are not available. For me, it is a great sign for safety that this broker is regulated by several top-tier authorities and its parent company, StoneX Group Inc. is listed on the NASDAQ Stock Exchange.”

FAQ

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Author of this review

Adam Nasli

Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

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.

Visit City Index 69% of retail CFD accounts lose money
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