City Index Review 2020

City Index is a forex, CFD, and spread betting broker based in London. They’re known as one of the top regulated online brokers in Europe and our team has put them to the test.

On the following page, you’ll find a complete and unbiased City Index review.

Countless hours have gone into this review.

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Find the best trading platform. You capital is at risk when trading. Be careful.

Risk Warning:

Your capital will be at risk when using any of the recommended platforms in this article. Never invest money you can’t afford to lose. Using a high leverage can result in losses of capital.  65-89% of retail investors lose money when trading contracts for difference (CFD). Bullmarketz may be compensated by some of the brokers listed on our website.

Is CFD Trading allowed in your country?

CFD Regulation Country by Country. The CFD trading services we are listing in this article is avalible in the following countries.

Europe:

  • Albania
  • Bosnia & Herzegovina
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Kosovo
  • Latvia
  • Lithuania
  • Macedonia
  • Malta
  • Moldova
  • Montenegro
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • Ukraine
  • United Kingdom

Excluded: Belgium

North America

  • Belize
  • Canada
  • Costa Rica
  • Cuba
  • Guatemala
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Puerto Rico
  • The Bahamas

Excluded: United States

South America

  • Argentina
  • Bolivia
  • Chile
  • Colombia
  • Dominican Republic
  • Ecuador
  • Guyana
  • Paraguay
  • Peru
  • Suriname
  • Uruguay
  • Venezuela

Excluded: Brazil

Africa

  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Central African Republic
  • Chad
  • Democratic Republic of Congo
  • Egypt
  • Eritrea
  • Ethiopia
  • Gabon
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Kenya
  • Lesotho
  • Liberia
  • Libya
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Morocco
  • Mozambique
  • Namibia
  • Niger
  • Nigeria
  • Republic of the Congo
  • Rwanda
  • Sierra Leone
  • Somalia
  • South Africa
  • South Sudan
  • Sudan
  • Swaziland
  • Tanzania
  • The Ivory Coast
  • Togo
  • Tunisia
  • Tunisia
  • Uganda
  • Western Sahara
  • Zambia
  • Zimbabwe

Middle East

  • Georgia
  • Armenia
  • Azerbaijan
  • Iran
  • Iraq
  • Syria
  • Lebanon
  • Cyprus
  • Israel
  • Jordan
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • United Arab Emirates
  • Oman
  • Yemen

Asia

  • Afghanistan
  • Bangladesh
  • Cambodia
  • China
  • China
  • India
  • Indonesia
  • Japan
  • Kazakstan
  • Kirgizistan
  • Laos
  • Malaysia
  • Mongolia
  • Myanmar
  • North Korea
  • Pakistan
  • Papua New Guinea
  • Philippines
  • Singapore
  • South Korea
  • Sri Lanka
  • Thailand
  • Turkmenistan
  • Uzbekistan
  • Vietnam

Excluded: Hong Kong

Oceania:

Tested Trading Platforms

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  • TeleTrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • Aaatrade

Our Writer

Our editorAdam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years.

Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.

City Index Review - By BullMarketz & Visitors
  • Support
  • Deposits & Withdrawals
  • Financial Instruments
  • Platform
4.8

City Index Conclusion

In the 1980s, City Index was one of the first spread betting brokers in the UK. Today, they are one of the top online brokers in the spread betting, FX, and CFD trading market and they are known for their top platforms and large selection of assets.

City Index is owned and operated by Gain Capital which is one of the biggest financial firms in the United States.

City Index: The Background Story

City Index was founded in 1983 as one of the first spread betting brokers on the UK market. By 2001, the company was well-established in most of Europe and they launched a CFD trading platform. A few years later they started expanding to the rest of the world including Australia.

In 2014, one of the world’s biggest financial institutions – GAIN Capital – acquired City Index for $118 million bringing the ownership of the broker to the United States. GAIN remains the parent company to this day and they also own the broker Forex.com among other financial brands.

Can You Trust City Index?

Yes, you can most definitely trust City Index. They are licensed and regulated by the Financial Conduct Authority (FCA) which is the leading financial regulatory body in the UK. Moreover, considering the fact that City Index has been operating on the spread betting market since 1983 where they have a great reputation, it’s obvious that this is a broker that you can trust.

As always, we wouldn’t recommend a broker that we didn’t feel comfortable using ourselves and City Index is no exception. In fact, we are confident that City Index is not only one of the best brokers in the industry but also one of the safest to use.

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Find the best trading platform. You capital is at risk when trading. Be careful.

Pros and Cons with City Index

When our team of experts review a broker they look at everything and leave no stone unturned. As with all things in life, despite the fact that this is a fantastic broker, there are certain things that could be improved.

So in an attempt to be fair and honest, we’ve listed three pros and three cons with City Index.

City Index Pros:

  • Established in the early 1980s makes City Index one of the more established and experienced online brokers on the European market.
  • Great reputation and a parent company that’s known to be extremely serious and picky with businesses that they collaborate with and/or acquire.
  • Several prestigious awards over the last couple of years.

City Index Cons:

  • The copy trading opportunities are a bit limited and not what you would expect from a broker of this caliber.
  • You have to pick which account you want to use and can’t use the same one for Spread Betting and CFDs.
  • Limited cryptocurrency trading options compared to many competitors.

City Index: Available Assets and Markets

City Index offers more than 12,000 assets on a range of different markets and in several versions such as CFDs and spread betting. Worth to know is that spread betting is tax-free in the UK which is a great benefit for all our UK readers.

Below is a breakdown of all the markets and assets that City Index offers.

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Find the best trading platform. You capital is at risk when trading. Be careful.

Shares

With a City Index account, you’ll have access to over 4,500 company stocks from all over the world. Everything from massive corporations to smaller local companies are listed so there is something here for everyone.

Spread on UK shares is as low 0.1% which is very low compared to most of the broker’s competitors.

Indices

With either a spread betting or CFD trading account, you can trade and speculate on indices. As the name entails, index trading is one of City Index’s main focuses.

What’s interesting with City Index is that they don’t just offer regular indices with baskets of stocks but also political indices such as Brexit High/Low.

Forex

Forex trading is very straightforward and the selection is broad. You can trade on a total of 84 currency pairs from all over the world including Majors, Minors, and Exotics. Once again, the spread is kept at a very minimum of as low as 0.5 points.

Cryptocurrencies

Cryptocurrencies are the latest addition to City Index’s selection of assets. They’re currently only offering Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple, and only as CFDs. There are no cryptocurrency pairs from what we can see. Although, you do have the option of spread betting on cryptocurrencies which is always welcome.

Other Markets

“Other markets” is a category with all the smaller and less popular markets that City Index offer. Here, you’ll find energy and metal commodities as well as bonds and options. The one thing we really appreciate is that you can trade and spread bet interest rates which is a fun and a rather unusual opportunity.

Spread, Fees, and Commission at City Index

City Index is a commission-free online broker with the exception of CFD equities for which you have to pay a small commission. Instead, like all online brokers, City Index charges a spread on every trade you open. The spread is the difference between the ask and the bid price and it varies from asset to asset and even from different times of the day.

With that said, City Index does have fairly low spread on most of their asset, especially major ones such as GBP/USD or large UK stocks.

In addition to that, City Index has certain other fees such as overnight fees for positions that are kept open overnight after the exchange has closed. But those fees are also kept at a minimum and they’re industry standard.

All in all, City Index is a fair broker when it comes to charges and they definitely do no charge more than their competitors.

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Find the best trading platform. You capital is at risk when trading. Be careful.

City Index Trading App and Platform

In order to accommodate as many traders as possible, City Index provides a selection of amazing platforms, including one Advanced platform and an award-winning app.

AT Pro

City Index has several great trading platforms on offer. The main one is City Index’s own platform called the AT Pro. It comes in both a downloadable desktop version and as a great and very sturdy web trader. AT Pro is fully adjustable and can be customized after your own liking.

The platform is considered to be an advanced platform meaning it’s perfectly suitable for professional day traders, although it’s not too complicated for beginners. Naturally, the desktop version is slightly more advances with “heavier” tools and graphs than the web trader.

MetaTrader 4

City Index also uses the MetaTrader 4 for customers who prefer that. The Expert Advisors are especially popular and forex trading doesn’t really get any easier than with the MT4.

City Index App

City Index was one of the first brokers in the world to launch a full-fetched trading app back in 2009.

The app was originally called City Trading and was designed for iPhones but soon after support for Android and Blackberry followed.

Today, City Index’s trading apps are constantly rewarded for their innovation and groundbreaking technology. You can really expect almost anything you expect from a great webtrader on the City Index app. From powerful charts, technical analytic tools, customizable features, and much more.

The app can be downloaded directly from one of the two app stores or by visiting City Index and following the links. It’s also free in itself and as long as you have an account with the broker, you can start trading right away.

With a City Index account, you can also make use of the MetaTrader 4 apps for iOS and Android if you’d like that.

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Find the best trading platform. You capital is at risk when trading. Be careful.

Open an Account with City Index

As you’ve probably noticed, our entire team really like City Index. It’s one of those brokers that are just great through and through and that you now you can trust. Therefore, we have no issue recommending them.

In case you believe us and want to start using them, you can set up an account already today. The process is easy and as long as you have the necessary documents to verify your identity, you’ll be up and running in no time.

Just remember that you can’t trade CFDs and spread bet on the same account so you have to pick which one you would prefer. As a UK trader, spread betting has many benefits especially since it’s tax-free. At the same time, CFD trading is actual trading which has its own benefits too.

In case you can’t decide on what to do, we suggest you open a demo account.

Open a CFD Demo Account

City Index provides all their customers with a free and unlimited demo account that you can use to check the platforms out as well as practice. It’s always a good idea to have access to a demo account and we recommend that you open one in addition to your regular trading account.

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Find the best trading platform. You capital is at risk when trading. Be careful.

City Index Review - By BullMarketz & Visitors
  • Support
  • Deposits & Withdrawals
  • Financial Instruments
  • Platform
4.8

City Index Conclusion

In the 1980s, City Index was one of the first spread betting brokers in the UK. Today, they are one of the top online brokers in the spread betting, FX, and CFD trading market and they are known for their top platforms and large selection of assets.

City Index is owned and operated by Gain Capital which is one of the biggest financial firms in the United States.

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