Is City Index free?

Disclaimer: 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

City Index does not provide access to real stock trading on US markets. If you are looking for a zero-commission broker to trade on US stock exchanges, you can check our article detailing the best apps offered in this category of brokers. If you wish to stick with City Index though, then you will find the fees they charge below.

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69% of retail CFD accounts lose money

When it comes to brokerage fees, City Index is a mixed bag. To see how they may affect you, first you need to figure out your approach to trading - i.e. whether you are more of a buy-and-hold investor or if you want to trade frequently; or what type of assets and in what volumes you'll want to trade. Alternatively, use our questionnaire to help you tell whether City Index fees are beneficial for you. Continue reading about City Index fees and charges to see if this is the right broker for you, or if a similar broker like CMC Markets or XTB might suit you better.

Here's a high-level overview of City Index's fees

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69% of retail CFD accounts lose money

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

• Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
• A commission is either fixed or based on the traded volume.
• A spread is the difference between the buy price and the sell price.
• A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
• Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare City Index fees with its closest competitors, CMC Markets and XTB.

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69% of retail CFD accounts lose money

City Index's trading fees are mixed, which means that some asset classes come with high trading fees - be sure to check these carefully.

Let's break down trading fees according to the different asset classes available at City Index.

Trading fees

City Index's trading fees are average.

Forex fees

City Index's forex fees are low.

Data updated on December 11, 2024

CFD fees

City Index has high CFD trading fees.

Data updated on December 11, 2024

Currency conversion fee

City Index will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 0.5% charge.

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69% of retail CFD accounts lose money

Some of City Index's non-trading fees are average.

Non-trading fees include various brokerage fees and charges at City Index that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

Data updated on December 11, 2024

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69% of retail CFD accounts lose money

Usually, brokers don't charge anything for deposits, and City Index is no different.

Data updated on December 11, 2024

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69% of retail CFD accounts lose money

City Index generally doesn't charge a withdrawal fee.

Data updated on December 11, 2024

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69% of retail CFD accounts lose money

City Index does apply an inactivity fee and it is £12 per month after one year of inactivity. Keep this in mind to avoid getting charged after a longer idle period. The fact that City Index charges an inactivity fee makes it less ideal for you if you are a buy-and-hold investor.

The inactivity fee charged by City Index is low.

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69% of retail CFD accounts lose money

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.