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City Index Asia Review
City Index Asia was a Singapore forex and CFD brand retired in April 2025, when StoneX moved every client account into its sister brand, FOREX.com Singapore.
Min Deposit
$2025
Spreads From
Not applicable, see FOREX.com Singapore instead
Max Leverage
Not applicable, see FOREX.com Singapore instead
Platforms
Migrated to FOREX.com Singapore
Pros
- Client accounts moved straight into FOREX.com with no service gap
- Backed by StoneX Group, a large Nasdaq listed financial firm
- Same MAS licensed entity, StoneX Financial Pte Ltd, carried the license over
- Parent group also holds FCA, ASIC, and CySEC licenses in other markets
Cons
- The City Index Asia brand no longer exists, which can confuse searchers
- UK arm was fined almost 490,000 pounds by the FCA in 2011
- Australian arm was fined twice by ASIC in 2012 over client fund claims
- ASIC made the Australian arm pay fresh client compensation in 2023
City Index opened in Singapore in 2006 as City Index Asia Pte Ltd, part of a London firm founded in 1983. GAIN Capital bought City Index in 2014. StoneX Group then bought GAIN Capital in 2020, folding the Singapore office into a large, Nasdaq listed financial group.
In April 2025, StoneX retired the City Index Asia brand. Every Singapore client moved to sister brand FOREX.com, run by the same licensed firm, StoneX Financial Pte Ltd. The MAS license and client money rules stayed the same, only the brand name changed. Readers looking for City Index Asia today should search for FOREX.com Singapore instead.
The wider City Index group has some regulatory scars elsewhere. The UK FCA fined it almost 490,000 pounds in 2011 for years of wrong transaction reports. Australia's ASIC fined City Index twice in 2012 over misleading fund statements, then ordered fresh client compensation in 2023 after leverage errors. No public MAS action against the Singapore entity was found in this research.
Min. Deposit
USD 2025
Max Leverage
Not applicable, see FOREX.com Singapore instead
Spreads From
Not applicable, see FOREX.com Singapore instead
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
