City Index started offering trading service since 1983 as part of Gain Capital, an NYSE Listed company and eversince branded is a well known international trusted online broker with focus on FX Forex and CFD brokerage services.
City Index is well regulated in majority of jurisdictions:
(ASIC) in Australia also known as Australian Securities and Investments Commission
(MAS) in Singapore, Monetary Authority of Singapore regulated them
Even though City Index is not publicly listed on any stock exchange, the company maintains a safe reputation as a safe broker since it is regulated by top-tier financial authorities
The portfolio of products and services that City Index offers are mainly around Forex, CFD, Crypto. We have analysed over 31 Tier-1 online top cfd brokers & online trading paltforms, and rated City Index as an option for:
Decent broker for crypto
Among the Best forex brokers
Low Stock Index CFD Fee broker
Low Forex Fee broker
You can read more about our Methodology and factors that we consider to review and score each brand.
City Index Pros and Cons
To put is simply, City Index offers CFD FX and Crypto, and you can use their online trading platform in all 3 forms of web, mobile and desktop (the best cfd trading platforms is not as as strong as other competitors like IG, and eToro but Meta Trade is well known to all online traders). on the other hand, it offers charting features with decent customization capability.
A good side of the fact is thet its trading fees are low and there is no extra fee for withdrawal. They also allow you to choose different base currencies.
If you wish to see other options, you can easily compare City Index alternative or keep on reading.
Best Broker for Low Trading Fee
Europe & Middle East: £85,000 by FCA
YES, Australia, UK, Singapore
Live Chat, Email
CFD, Crypto, Forex
Online Trading Platform: Mobile, Web
4.4 / 5
Deposit & Withdrawal Type:
Bank Transfer, Electronic wallets
How much is City Index Fees
There are Pros and Cons here too.
The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
✓ For S&P 500 CFD the fee is 0.6 average spread cost, which is considered to be low.
✓ For Europe 50 CFD the fee is 1.5 average spread cost, which is considered to be low.
✕ For EURUSD the fee is 1 pips average spread cost, which is considered to be Low.
✓ $12 per month after 12 months of inactivity is what City Index charges which is also considered very low.