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City Index Review
City Index is a UK CFD and spread betting brand founded in 1983, now operated by StoneX Financial Ltd after GAIN Capital UK's FCA business fully transferred over.
Min Deposit
$100
Spreads From
0.5 pips (EUR/USD)
Max Leverage
1:30 for UK retail clients, up to 1:500 outside the UK
Platforms
City Index web platform, City Index mobile app
Pros
- FCA regulated through StoneX Financial Ltd, backed by the larger StoneX Group
- Long operating history stretching back to 1983 as a spread betting pioneer
- No fixed minimum deposit required for UK Standard or MT4 accounts
- FSCS protection covers UK client funds up to 85,000 GBP
- Choice of a proprietary platform, MetaTrader 4, and TradingView access
Cons
- Original operator GAIN Capital UK Limited gave up its own FCA license
- Clients need to track the entity change to StoneX Financial Ltd
- EUR/USD spreads from 0.5 pips are wider than some low cost rivals
- Not available to residents of the United States
City Index started in 1983 as one of the first UK spread betting firms. GAIN Capital bought it in 2014, then StoneX Group bought GAIN Capital itself in 2020. GAIN Capital UK Limited has since given up its FCA license, and City Index now trades under StoneX Financial Ltd, authorised by the FCA under reference 446717.
UK clients face no fixed minimum deposit, though City Index suggests around 100 GBP to meet margin needs, and spreads on EUR/USD start near 0.5 pips. Leverage follows FCA retail limits, up to 1:30 on major pairs, though non UK clients can access up to 1:500. Trading runs on a proprietary web platform, a mobile app, MetaTrader 4, and TradingView.
StoneX Financial Ltd is a member of the FSCS, covering UK clients up to 85,000 GBP if the firm fails. The move away from GAIN Capital UK is mostly a legal and regulatory change, City Index says account access and day to day trading did not change for existing clients. City Index does not serve residents of the United States.
Min. Deposit
USD 100
Max Leverage
1:30 for UK retail clients, up to 1:500 outside the UK
Spreads From
0.5 pips (EUR/USD)
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
