City Index Review 2025 Pros, Cons and Alternatives

After completing this information, traders may have to submit additional information to verify their identity. Speculating on interest rates at City Index is based on fixed spreads. Traders can refer to the City Index website for the full list of commodities spreads. The above markets include City Index’s DFT (daily-traded funds) markets.

Deposit Options and Fees

We note, that this integration is only available for Australian traders at this time. Traders in Australia can also choose the RAW FX account type which has low commissions starting from just USD 5 or AUD 6 while Singapore traders have the option of a DMA account. With a minimum deposit of $25,000, this trading account would really appeal only to premium traders. Both accounts have no commissions with spreads from 0.5 pips, the only difference is the trading platform you use. With the MT4 trading platform and no commission trading, we look at what they offer the markets in Australia, The UK, and Singapore.

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There are no fees charged by City Index on cash deposits and withdrawals made using debit and credit cards or bank transfers. It has instead built its client base by offering a range of additional services which enhance the trading experience. A 12-week demo account with 10,000 credits is available for both retail and professional traders to explore and make a clear decision on whether City Index is a worthwhile broker. Web Trader offers all standard trading platform features, such as historical data feeds and tools for monitoring open and closed city index review positions and trading history. The charting feature offers dozens of technical indicators and precision drawing tools. A margin calculator allows traders to calculate the cost of placing a trade.

City Index has a new look, introduces Playmaker plus adds more options and extended trading hours on US stocks

However, we recognize that there are always ways in which we can improve and optimize customer experience. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

What trading platforms are available with City Index?

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
The Web Trader platform has been the broker’s core offering for many years.
As expected, City Index takes customer protection very seriously and has several measures.
No trading volume discounts were found, discouraging large-sized and higher skill traders from opening accounts, despite Premium and Professional tiers that provide secondary bonuses.
By comparison, ECN brokers operate through a no-dealing desk (NDD) where client orders are matched directly with various liquidity providers (LPs).
Before the account can be closed, you need to answer two security questions that you set up prior to verifying your identity.
City Index seems to have matured nicely though, it’s grown out of its lumbering adolescence under the ownership of Gain Capital and is now owned by US Behemoth StoneX (previously INTL FCStone).

Traders can use the City Index demo account for a limited period only (UK — 12 weeks; AU — 2 weeks; SG — 30 days). Traders will also find comprehensive market information, including a detailed analysis from Reuters. There is no minimum deposit — City Index recommends $/£/€100 as a starting point.

Do I get rewarded for opening a City Index account?

Pricing at City Index for trading CFDs, forex, and spread-betting products is in line with the industry average.
All City Index’s trading platforms offer a range of features, allowing us to stay up to date with market movements.
City Index offers an affordable pricing structure, with competitive spreads on major forex pairs starting at 0.5 pips.
Having a range of different ways to obtain support can help clients make problem solving more efficient.
Both Android and Apple device users are catered for with separate Android and iOS applications.
On the other hand, Forex.com is one of the few options for forex traders in the USA.

If extended trading hours are important to you then it is also worth noting that some of the big US stock names and ETFs can be traded in the hours before and after US exchanges officially open. The Sydney based support team can be contacted 24/5 via Live Chat, phone, email or WhatsApp. Having the option of speaking to support staff can’t be underestimated, particularly when markets are volatile. City Index offers clients the option of four types of account which complement the Demo account that trades using virtual funds. Contracts-for-difference, also known as CFDs, are banned in the United States because the US securities law disallows their trading.

City Index Customer Reviews & Expert Opinion

After providing this information, City Index will proceed to close your account. The decision by City Index to provide a quality rather than low-budget service is possibly best demonstrated by the impressive levels of customer service which the firm provides. “City Index has low forex trading fees, and non-trading fees like withdrawal fees are also low. Account opening is fast and smooth and a wide range of high-quality research tools are available.