City Index Review

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Blain Reinkensmeyer

July 01, 2025

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Steven Hatzakis

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. He is a forex industry expert and an active fintech and crypto researcher.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.

Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.

However, average pricing and a limited MetaTrader offering hold City Index back from competing with the best forex brokers.

• Minimum Deposit: £100.00
• Trust Score: 99
• Tradeable Symbols (Total): 13500

Ratings Awards Historical Ranking

5.0

OVERALL SCORE info

Range of Investments
Commissions & Fees
Platforms & Tools
Research
Mobile Trading
Education

Check out ForexBrokers.com's picks for the best forex brokers in 2025.

2025	#8
2024	#7
2023	#7
2022	#8
2021	#6
2020	#6
2019	#6
2018	#8
2017	#7

Table of Contents

City Index pros & cons

My three top takeaways for City Index in 2025:

• City Index’s flagship Web Trader platform offers a brilliant combination of advanced trading tools and integrated research.
• City Index's PlayMaker tool won our Annual Award for #1 Risk Management Tool the year it was launched.
• The City Index mobile app balances advanced functionality with ease-of-use, and offers features such as integrated research, news headlines, and market commentary.

Trust score

Developed by ForexBrokers.com and in use for nearly 10 years, Trust Score is a proprietary rating system powered by a range of unique quantitative and qualitative metrics, including each company’s number of regulatory licenses. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). Learn more.

Is City Index safe?

Trust Score

99

City Index is considered Highly Trusted, with an overall Trust Score of 99 out of 99. City Index is part of a publicly listed firm, the StoneX Group (NASDAQ:SNEX), that is authorised by seven Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). City Index, through its parent company (StoneX) is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), Canadian Investment Regulatory Organization (CIRO), Japanese Financial Services Authority (JFSA), Commodity Futures Trading Commission (CFTC) , and regulated in the European Union via the MiFID passporting system. Learn more about Trust Score.

Feature	City Index
Year Founded info	1983
Publicly Traded (Listed) info	Yes
Bank info	No
Tier-1 Licenses info	7
Tier-2 Licenses info	1
Tier-3 Licenses info	0
Tier-4 Licenses info	1

Range of investments

Like other brokers in the U.K., City Index offers spread-betting across its available markets, providing tax efficiencies for U.K. residents that aren’t available when trading CFDs. City Index also offers forex options and forwards. The following table summarizes the different investment products available to City Index clients.

Cryptocurrency: Cryptocurrency trading is available at City Index through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.

Feature	City Index
Forex Trading (Spot or CFDs) info	Yes
Tradeable Symbols (Total) info	13500
Forex Pairs (Total) info	66
U.S. Stock Trading (Non CFD) info	No
Int'l Stock Trading (Non CFD) info	No
Social Trading / Copy Trading info	Yes
Cryptocurrency (Physical) info	No
Cryptocurrency (Derivative) info	Yes
Disclaimers	Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

City Index fees

Pricing at City Index for trading CFDs, forex, and spread-betting products is in line with the industry average. For the best pricing, use City Index’s proprietary platforms or MetaTrader.

CFD account: City Index has an average spread of 0.74 pips on the EUR/USD as of July 2023, bringing the all-in cost in-line with the the industry average, yet still behind the best forex brokers in this category – such as Tickmill and FP Markets.

Active trader rebates and discounts: Rebates for U.K.-based professional traders start at £4 per million if you trade more than £25 million per month, and can reach up to £7.5 per million for volumes above £300M per month. Likewise, in Australia, rebates range from AUD $4.5 per million for tier one to AUD $14.5 per million for tier-3.

Feature	City Index
Minimum Deposit info	£100.00
Average Spread EUR/USD - Standard info	1.4 info
All-in Cost EUR/USD - Active info	0.74 info
Active Trader or VIP Discounts info	Yes
ACH or SEPA Transfers info	Yes
PayPal (Deposit/Withdraw) info	Yes
Skrill (Deposit/Withdraw) info	No
Visa/Mastercard (Credit/Debit) info	Yes
Bank Wire (Deposit/Withdraw) info	Yes

Mobile trading apps

City Index’s cleanly-designed mobile app is a versatile trading tool and ranks with what’s offered by category leaders such as IG, CMC Markets and Saxo.

Apps overview: City Index offers its own proprietary mobile app alongside the popular MetaTrader 4 (MT4) platform developed by MetaQuotes Software Corporation.

City Index's MetaTrader 4 mobile trading app showing the side panel navigation panel of the menu.

Ease of use: City Index’s well-designed app offers a smooth user experience, whether you are adding alerts, depositing money into your account, reading news headlines, or placing trades. The MT4 mobile app is also available at City Index.

Charting: Charts are powered by TradingView, and come loaded with over 80 indicators and an assortment of drawing tools to assist your technical analysis. TradingView comes with powerful charting capabilities and is used by technical analysis enthusiasts across the world; learn more by checking out our TradingView guide.

Trading tools: Trading Central modules are directly integrated into the City Index mobile app, including the Technical Insights, Featured Ideas, and Analyst Views modules City Index also supports complex order types such as trailing stop-loss orders and OCOs (the ability to close all trades in one order for a given instrument).

Trading platforms

City Index’s proprietary Web Trader platform delivers a rich trading experience while providing access to City Index’s full product offering. Web Trader offers excellent trading tools and a variety of advanced features, and delivers access to more tradeable markets than MT4.

Platforms overview: Web Trader is designed for everyday traders and comes loaded with a wide variety of predefined screeners and layouts, and features the ability to execute complex order types – such as OCO orders. I found it easy to search across markets with Web Trader, from popular watchlists to accessing integrated research.

AT Pro desktop: City Index no longer promotes the AT Pro desktop platform, leaving Web Trader as its primary platform offering (other than MT4).

Charting: I found Web Trader to be responsive, flexible, and easy to use. Charts are powered by TradingView, and come with nearly 90 indicators and a vast array of drawing tools. Besides trading from the chart, I enjoyed the ability to drag your stop-loss or limit order to a new price level, which triggers an automatic update to your selections. This kind of time-saving feature is especially valuable for day trading, when speed matters and time is of the essence (check out my picks for the best brokers for day trading forex).

Trading Tools: It’s worth noting that setting up a new workspace with Web Trader can be cumbersome, as widgets must be manually arranged. Aside from that minor annoyance, the platform offers a good variety of features, including integrated research tools from Trading Central, as well as market commentary and headlines. Watchlists sync with its mobile counterpart, and there is module linking – in which charts can be updated by clicking on a symbol.

City Index's web platform includes trading layout charts, watchlists, news headlines, and Trading View signals.

Feature	City Index
Virtual Trading (Demo) info	Yes
Proprietary Platform info	Yes
Desktop Platform (Windows) info	Yes
Web Platform info	Yes
Social Trading / Copy Trading info	Yes
MetaTrader 4 (MT4) info	Yes
MetaTrader 5 (MT5) info	No
DupliTrade info	No
ZuluTrade info	No
Charting - Indicators / Studies (Total) info	88
Charting - Drawing Tools (Total) info	239
Charting - Trade From Chart info	Yes
Watchlists - Total Fields info	11

View More

Research

City Index delivers high-quality market research that scores above the industry average. The only downside with its research coverage is a general lack of daily video content. Its in-house written materials are high quality, and market coverage is diverse.

Research overview: Trading Central’s suite of research tools are conveniently integrated directly within City Index’s flagship platforms. Other research highlights include daily editorial from City Index’s team of analysts, news headlines from Thomson Reuters, an economic calendar powered by FxStreet, and an SMS alert service for clients who wish to receive trading ideas directly to their phone.

Market news and analysis: City Index organizes in-house content under its Market News section with the ability to filter articles by asset class, category subject, and author. I found the content to be well-written, such as the Week Ahead Report which includes charts, and bullet point format updates for global financial markets. There are also occasional webinars that provide market forecasts for the upcoming quarter.

Research and news articles on City Index's web platform from in-house staff and third parties, including Trading Central.

Video content: City Index appears to have resumed video production with new YouTube Shorts as well as some research and educational videos. It's great to see City Index ramping up the production of content for its YouTube channel.

Feature	City Index
Daily Market Commentary info	Yes
Forex News (Top-Tier Sources) info	Yes
Autochartist info	No
Trading Central (Recognia) info	Yes
Social Sentiment - Currency Pairs info	Yes

Education

City Index offers a rich educational experience that will satisfy both beginner and intermediate traders. Its YouTube channel has a robust archive of educational videos, but City Index offers fewer written articles than leaders in this category.

An advanced strategies educational course lesson with progress tracking on the City Index website.

Learning center: The Training section of City Index’s website contains two main guides organized by chapter, with material for both beginner and intermediate traders. The beginner chapters cover basic categories that range from risk-management to forex and CFD trading, while the intermediate chapters cover advanced subjects such as options trading strategies.

In a break from the norm, City Index’s Trading Academy is a video series produced in the style of a reality show. The series follows a group of novice traders learning how to trade over a period of six weeks. City Index also produced its Celebrity Trader series, where celebrities share their own trading tips and tricks. All told, eighteen videos are available on City Index’s website. Archived webinars such as the “Become A Trader” series are also available on City Index’s YouTube channel.

Steven's expert take

"I was glad to see City Index incorporate progress tracking and quizzes in its already-impressive educational content, which are part of its revamped Trading Academy. Interactive educational experiences have become a new industry standard for trader education, and City Index has improved its offering in this category with its recently updated Trading Academy content."

Steven Hatzakis

Feature	City Index
Education (Forex or CFDs) info	Yes
Client Webinars info	Yes
Client Webinars (Archived) info	Yes
Videos - Beginner Trading Videos info	Yes
Videos - Advanced Trading Videos info	Yes
Investor Dictionary (Glossary) info	Yes

Final thoughts

Across its offices in Europe and the Asia-Pacific region, City Index provides access to a variety of global markets, as well as over 80 forex pairs and over 13,500 CFDs on its flagship web and mobile app.

MT4 is available for City Index traders – albeit with fewer markets to trade – and MT5 is only available in select regions for City Index clients. Until then, with the discontinuation of AT Pro desktop, algo trading is limited to MetaTrader, which remains the most popular platform globally for automated trading (in addition to TradingView).

Though City Index’s pricing might not lead the industry, its solid platform suite, wide range of tradeable markets, and exceptional proprietary mobile app will attract traders of all experience levels.

City Index Star Ratings

Feature	City Index
Overall Rating info
Trust Score info	99
Range of Investments
Commissions & Fees
Platforms & Tools
Research
Mobile Trading
Education

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About the Editorial Team

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

John Bringans is the Managing Editor at ForexBrokers.com. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.