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CityIndex Broker Review

FX Author By Jeffrey Cammack Author Information Updated: July 4, 2020
Overall Rating
4.18 4.18 / 5
Min. Deposit USD 50
Max. Leverage 500:1
Min. Spread 0.7 pips
Regulators FCA,ASIC,MAS
Regulator Origin FCA ASIC MAS
Trading Desk Type

Summary

Founded in 1983, City Index is a traditional market maker now owned by the NYSE listed financial group, GAIN Capital. It has tight spreads for a market maker broker and a varied platform choice, including MT4 and AT Pro; an advanced automated trading platform allowing for full customisation with powerful back-testing.

City Index' education section is perfect at 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

Regulation 11110.5
Trading Conditions 11111
Trading Platforms 11110.5
Deposit & Withdrawal 110.500
Education & Research 1110.50
Assets Available 11110.5
Customer Service 1110.50
Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum Deposit USD 50
Base currencies GBP, USD, AUD, SGD
Number of FX Pairs 84+
Hedging Allowed Yes
Scalping No
Islamic Account Yes

Average Spreads

EUR / USD 0.7
GBP / USD 2.1
USD / JPY 1

Company Details

Company name Gain Capital
Founded 1983
Website www.cityindex.com.au
Type Market Maker
Regulators FCA,ASIC,MAS
Office locations Australia, United Kingdom, Singapore, Dubai

Deposit & Withdrawal Methods

Supported Platforms for CityIndex

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

Compare CFD Brokers

Overall Rating 11110.5 4.18 / 5 11110.5 4.18 / 5 11110.5 4.51 / 5
Minimum Deposit USD 50 USD 100 USD 200
Regulation
FCA FCA
ASIC ASIC
MAS MAS
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
FCA FCA
ASIC ASIC
DFSA DFSA
Trading Desk Type
Trading Instruments Commodities, Cryptocurrencies, Forex, Indicies, Metals, Bonds, Interest Rates Commodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs Commodities, Cryptocurrencies, Forex, Indicies, Metals, Energies
Forex Pairs 84+ 50+ 80+
Crypto Pairs 5 18 5
Pros
  • Well regulated
  • Wide range of assets
  • Excellent market analysis
  • Good for beginners
  • Well regulated
  • Low minimum deposit
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
Cons
  • Slow withdrawals
  • Limited demo account
  • Limited education
  • Dealing desk
  • Limited education
  • High minimum deposit
  • Limited market analysis
Read Full Review Read Full Review
Regulation 11110.5 4.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Trading Conditions 11111 5 / 5 11111 5 / 5 11110.5 4.5 / 5
Trading Platforms 11110.5 4.5 / 5 11110.5 4.5 / 5 11111 5 / 5
Deposit & Withdrawal 110.500 2.5 / 5 11110.5 4.5 / 5 11110 4 / 5
Education & Research 1110.50 3.5 / 5 11000 2 / 5 11110.5 4.5 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 1110.50 3.5 / 5 11110 4 / 5 11110.5 4.5 / 5
% Lose with this broker 74% of retail investor accounts lose money when trading CFDs with this provider 79% of retail investor accounts lose money when trading CFDs with this provider 78.6% of retail investor accounts lose money when trading CFDs with this provider
Leverage 500:1 400:1 500:1
Spread 0.7 pips 0.9 pips 0.01 pips
Hedging Yes Yes Yes
Scalping No Yes Yes
Account Types
  • Standard (Standard)
  • Retail (Standard)
  • Swap-free
Islamic Account Yes Yes Yes
Trading Platforms ATPro, MT4 MT4 , MT5 cTrader , MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Neteller, BPay, POLi
Trading Commission Fees Included in Spread Fees Included in Spread From 7 USD / lot - Razor Account
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Overall Rating 11110.5 4.18 / 5 11110.5 4.18 / 5 11110.5 4.51 / 5
Minimum Deposit USD 50 USD 100 USD 200
Regulation
FCA FCA
ASIC ASIC
MAS MAS
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
FCA FCA
ASIC ASIC
DFSA DFSA
Trading Desk Type
Trading Instruments Commodities, Cryptocurrencies, Forex, Indicies, Metals, Bonds, Interest Rates Commodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs Commodities, Cryptocurrencies, Forex, Indicies, Metals, Energies
Forex Pairs 84+ 50+ 80+
Crypto Pairs 5 18 5
Pros
  • Well regulated
  • Wide range of assets
  • Excellent market analysis
  • Good for beginners
  • Well regulated
  • Low minimum deposit
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
Cons
  • Slow withdrawals
  • Limited demo account
  • Limited education
  • Dealing desk
  • Limited education
  • High minimum deposit
  • Limited market analysis
Read Full Review Read Full Review
Regulation 11110.5 4.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Trading Conditions 11111 5 / 5 11111 5 / 5 11110.5 4.5 / 5
Trading Platforms 11110.5 4.5 / 5 11110.5 4.5 / 5 11111 5 / 5
Deposit & Withdrawal 110.500 2.5 / 5 11110.5 4.5 / 5 11110 4 / 5
Education & Research 1110.50 3.5 / 5 11000 2 / 5 11110.5 4.5 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 1110.50 3.5 / 5 11110 4 / 5 11110.5 4.5 / 5
% Lose with this broker 74% of retail investor accounts lose money when trading CFDs with this provider 79% of retail investor accounts lose money when trading CFDs with this provider 78.6% of retail investor accounts lose money when trading CFDs with this provider
Leverage 500:1 400:1 500:1
Spread 0.7 pips 0.9 pips 0.01 pips
Hedging Yes Yes Yes
Scalping No Yes Yes
Account Types
  • Standard (Standard)
  • Retail (Standard)
  • Swap-free
Islamic Account Yes Yes Yes
Trading Platforms ATPro, MT4 MT4 , MT5 cTrader , MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Neteller, BPay, POLi
Trading Commission Fees Included in Spread Fees Included in Spread From 7 USD / lot - Razor Account

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

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