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CityIndex Broker Review

FX Scouts By Jeffrey Cammack Updated: February 16, 2020
Overall Rating
4.38 / 5
Min. DepositUSD 50
Max. Leverage500:1
Min. Spread0.7 pips
RegulatorsFCA,ASIC,MAS
Regulator Origin FCA ASIC MAS
Broker TypeMarket Maker

Summary

City Index is one of several brokers that pre-dates the internet and the subsequent online boom. A traditional market maker, now owned by NYSE-listed GAIN Capital, it represents very good value for beginner brokers, with tight spreads on cheap accounts and a varied platform choice including MT4 and AT Pro - an advanced automated trading platform with deep customisation and back-testing.

In addition, City Index' education section is perfect for beginners who want to get up to speed quickly and customer service is open 24/5. Overall, a good market maker broker and competitive with traditional brokers of its size and type.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositUSD 50
Base currenciesGBP, USD, AUD, SGD
Number of FX Pairs84+
Hedging Allowed Yes
Scalping No
Swap-Free Accounts Yes

Average Spreads

EUR / USD0.7
GBP / USD2.1
USD / JPY1

Company Details

Company nameGain Capital
Founded1983
Website Visit Website
TypeMarket Maker
RegulatorsFCA,ASIC,MAS
Office locations Australia, UK, Singapore, Dubai

Deposit & Withdrawal Methods

Supported Platforms for CityIndex

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 4.38 / 5 4.09 / 5 4.54 / 5
Minimum DepositUSD 50USD 100ZAR 2500
Regulation
FCA FCA
ASIC ASIC
MAS MAS
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
CySEC CySEC
ASIC ASIC
FSCA FSCA
Broker TypeMarket MakerMarket MakerMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Bonds, Interest RatesCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFsCommodities, Cryptocurrencies, Forex, Metals, Equities, Energies, ETFs, Bonds, Blends
Forex Pairs84+50+50+
Crypto Pairs5186
Read Full Review Read Full Review
Trust Rating 5 / 5 4 / 5 5 / 5
Trading Conditions 5 / 5 4.5 / 5 4.5 / 5
Trading Platforms 4.5 / 5 4 / 5 4.5 / 5
Deposit & Withdrawal 3.0 / 5 4.5 / 5 4.5 / 5
Education & Research 4 / 5 3 / 5 4 / 5
Assets Available 4.5 / 5 4.5 / 5 5 / 5
Customer Service 3.5 / 5 4 / 5 4 / 5
% Lose with this broker 76% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider 74.93% of retail investor accounts lose money when trading CFDs with this provider
Leverage500:1400:1300:1
Spread0.7 pips0.9 pips0.9 pips
Hedging Yes Yes Yes
Scalping No Yes Yes
Account Types
  • Premium (Vip)
  • Professional (Vip)
  • Standard (Standard)
  • Islamic
  • Professional (Standard)
  • Retail (Standard)
  • LIve (Mini)
Swap Free Yes Yes Yes
Trading Platforms MT4, ATPro MT4 MT4, MT5
Funding Methods PayID, Bank Transfer, Visa, Mastercard, BPay POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread
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CityIndex

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Overall Rating 4.38 / 5 4.09 / 5 4.54 / 5
Minimum DepositUSD 50USD 100ZAR 2500
Regulation
FCA FCA
ASIC ASIC
MAS MAS
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
CySEC CySEC
ASIC ASIC
FSCA FSCA
Broker TypeMarket MakerMarket MakerMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Bonds, Interest RatesCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFsCommodities, Cryptocurrencies, Forex, Metals, Equities, Energies, ETFs, Bonds, Blends
Forex Pairs84+50+50+
Crypto Pairs5186
Read Full Review Read Full Review
Trust Rating 5 / 5 4 / 5 5 / 5
Trading Conditions 5 / 5 4.5 / 5 4.5 / 5
Trading Platforms 4.5 / 5 4 / 5 4.5 / 5
Deposit & Withdrawal 3.0 / 5 4.5 / 5 4.5 / 5
Education & Research 4 / 5 3 / 5 4 / 5
Assets Available 4.5 / 5 4.5 / 5 5 / 5
Customer Service 3.5 / 5 4 / 5 4 / 5
% Lose with this broker 76% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider 74.93% of retail investor accounts lose money when trading CFDs with this provider
Leverage500:1400:1300:1
Spread0.7 pips0.9 pips0.9 pips
Hedging Yes Yes Yes
Scalping No Yes Yes
Account Types
  • Premium (Vip)
  • Professional (Vip)
  • Standard (Standard)
  • Islamic
  • Professional (Standard)
  • Retail (Standard)
  • LIve (Mini)
Swap Free Yes Yes Yes
Trading Platforms MT4, ATPro MT4 MT4, MT5
Funding Methods PayID, Bank Transfer, Visa, Mastercard, BPay POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.

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