In this City Index Review, we are going to take a look at the offer that this broker prepared for its traders. City Index is regulated by the ASIC in Australia and by the FCA in the UK. City Index operates on the financial market since 1983. When it comes to trading platforms, the broker features WebTrader and MetaTrader 4. The City Index minimum deposit is 100 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this City Index Review
Website address: | https://www.cityindex.co.uk/ |
Operated by: | GAIN Capital UK Limited. |
Licensed and authorised by regulatory bodies: | ASIC FCA |
Supported languages: | English |
Customer support available via: | E-mail, phone, live-chat |
Available deposit methods: | Bank transfer, Debit and Credit Cards, Paypal, |
Available withdrawal methods: | Bank transfer, Debit and Credit Cards, Paypal |
Minimum deposit: | 100 USD |
Min. trade in lots: | 0.01 |
Spreads: | Typical spread on the currency pair EUR/USD - 0,77 pips * on standard account type |
Tradable assets: Might be a CFD. | Forex (84), stocks (4500), commodities (30), indices (21), cryptocurrencies (5) |
Demo: | |
Mobile app: | |
MetaTrader 4: | |
Other trading platforms: | WebTrader |
Social trading: |
City Index Fees (typical spreads)
We have scanned fees (typical spreads) that City Index charges when trading popular currency pairs, here is their breakdown in pips.
EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
---|---|---|---|---|---|
* | 0,77* | * | * | * | * |
*Typical spreads were recorded on 27.05.2019 at 12:06 for the standard account. City Index spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: AspenHolding, IAL.ltd, UKClearingHouseLimited and GBCFX
Frequently Asked Questions
🧐 Is City Index a Scam?
City Index is a broker licensed and regulated by the ASIC and FCA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that City Index is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the City Index minimum deposit?
In order to start trading with City Index, you have to deposit at least 100 USD.
📵 What deposit and withdrawal methods City Index supports?
⚖️ Would you recommend me choosing City Index?
We don’t have our own personal experience with City Index. However, because the broker is regulated by the ASIC and FCA, there is a high chance that it is not a scam. With that being said, it still does not mean that City Index is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.