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CityIndex group includes 4 related companies.
CityIndex AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
CityIndex UK - located in the United Kingdom, regulated by the Financial Conduct Authority (FCA).
CityIndex UAE - located in the United Arab Emirates, granted with a representative license from the Central Bank of UAE.
CityIndex SG - located in Singapore, authorized by the Monetary Authority of Singapore (MAS).
Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
Unfortunately, AU company also has been imposed with trading leverage limitations by ASIC since the end of March 2021.
CityIndex group accepts clients from all over the world, excluding USA, Canada, Afghanistan, Angola, Belarus, Belgium, Burundi, Central African Republic, Chad, Congo, Cote D'Ivoire, Cuba, Equatorial Guinea, Eritrea, Guinea, France, Guinea-Bissau, Haiti, Hong Kong, Iran, Iraq, Israel, North Korea, Lebanon, Liberia, Libya, Myanmar, New Zealand, Nigeria, Sierra Leone, Somalia, Sudan, Syria, Turkmenistan, Uzbekistan, Venezuela, Western Sahara, Yemen, Zimbabwe.
Forex broker offers the following underlying assets for trading.
| 80+ Currency Pairs | Based on major and minor world currencies. |
| 15 Currency Forwards | Based on major world currencies. |
| 5 Crypto Cash CFDs | Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple. |
| 17 Indice Cash CFDs | Based on baskets of different blue-chip stocks. |
| 20 Indice Futures | Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index. |
| 4 Metal Spot CFDs | Based on Gold and Silver. |
| 5 Metal Futures | Based on Gold, Silver, Platinum, Palladium and Copper. |
| 6 Energy Futures | Based on Crude Oil (WTI, Brent), Heating Oil, Gas Oil, Gasoline and Natural Gas. |
| 18 Soft Futures | Based on Coffee, Robusta, Sugar, Corn, Cotton, Cocoa, Wheat, Lumber, Oats, Orange Juice, Soybean, Soybean Oil, Lean Hogs and Live Cattle. |
| 11 Bond Futures | Based on US, UK, German and Italian government securities. |
| 4500+ Stock CFDs | Based on shares of AU, US, UK and EU companies. |
| 3 Interest Rate Futures | Based on Euribor, Eurodollar, Short Sterling. |
As another of GAIN Capital and StoneX’s forex brokerages, CityIndex is managed and regulated much in the same way as its sister company Forex.com. The main difference between this broker and Forex.com, however, is that CityIndex does not have any operations in the United States, but instead serves customers from its offices in the United Kingdom, the United Arab Emirates, Singapore, and Australia. The broker is open for traders from all countries except the USA, Canada, New Zealand, and some other countries.
While CityIndex is regulated by the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and locally in its other office locations, its parent company, StoneX Group, is a publicly traded American company. As a listed company on the NASDAQ stock market, StoneX must meet some of the strictest regulatory requirements in the world, and it can generally be considered safe to deposit money with any of its retail brokerage brands.
For those unfamiliar with this broker, CityIndex first made a name for themselves back in 2012 when they selected eight “wannabe” traders for professional training in a PR stunt aimed at proving that anyone with the right training could indeed learn how to make money from trading. In a sort of reality TV-format, one trader was eliminated from the group each week, leaving two traders to eventually fight for a £100,000 prize in front of a live audience.
In terms of its user experience, CityIndex offers a website with a clean and user-friendly interface where all relevant information, including trading instruments, market news, and training materials can be found with ease.
An extra benefit offered by this broker is the large library of educational materials they have made available online. All educational materials are conveniently organized into different levels of trading experience, and different markets.
In terms of available trading instruments, CityIndex offers a wide selection of CFDs based on almost any imaginable market, including forex, shares, cryptocurrencies, commodities, metals, options, bonds, and interest rates. Keep in mind, however, that the selection of trading instruments does vary depending on which regulated entity a trader is assigned to. Cryptocurrency CFDs, for example, are available for traders under the Australian branch, but not under the UK-based branch.
Trading accounts on CityIndex can be funded using either an internationally recognized credit or debit card, or by sending a bank wire transfer to the broker. Although there is no minimum deposit to open an account with this broker, a minimum of USD 10 or the equivalent is necessary in order to start trading.
Further, withdrawals will always be sent to the source they originated from, and is subject to a £50 minimum withdrawal. Both deposits and withdrawals are processed free of charge with CityIndex.
CityIndex does not disappoint when it comes to trading platforms either. In addition to the well-known MetaTrader 4 (MT4), the broker offers a web platform with charts from the very popular charting platform TradingView. This means almost endless opportunities for technical analysis, strategy and indicator development, backtesting, and automation of order placement that traders are likely to appreciate.
For any customer service needs, CityIndex offers its traders three main ways to contact them in case of any issues; live chat, email, and phone. Support teams follow forex market hours and are available 24 hours a day, all weekdays.
