City Index Review

Backed by StoneX Group, City Index is a trusted brand. k

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

Pros
Part of StoneX Group (NASDAQ: SNEX), City Index is regulated by a few regulatory bodies for forex and CFD trading.

• City Index’s flagship Web Trader platform offers combination of advanced trading tools and integrated research.

• City Index's well-designed app..

• The City Index mobile app balances advanced functionality with ease-of-use, and offers features such as integrated research, news headlines, and market commentary.

• Generates 200 distinct trading signals each week.

Cons

• Low range of assets on MT4 and 5 Platforms.

• City Index does not have updated videos..

Offering of investments

Like other brokers in the U.K., City Index offers spread-betting across its available assets, providing tax efficiencies for U.K. residents that aren’t available when trading CFDs. City Index also offers forex options and forwards.

Cryptocurrency: Cryptocurrency trading is available

Commissions and 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.

Premium Trader account: Active traders that deposit more than £10,000 may be eligible for City Index’s Premium Trader account, which provides access to exclusive pricing.

CFD account: City Index has average spread of 1.1 pips on the EUR/USD , bringing the all-in cost slightly above the industry average, and far behind the best forex brokers in this category.

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.