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City Index accounts: which entity holds your money

The account you open decides which legal entity and which regulator stand behind it. Here are City Index's accounts with that in mind.

Regulation: FCA (446717); ASIC (AFSL 345646); MAS and other StoneX group regulators. How City Index is regulated

Facts last checked . Read the full City Index review.

Accounts

Minimum deposit
$0
Account types
Standard, MT4, Spread Betting, CFD, Professional, Corporate, Demo
Account currencies
GBP, USD, EUR, AUD and entity-dependent currencies
Islamic account
No
Demo account
Yes
Professional account
Yes
Minimum trade size
From 0.01 lots on applicable forex platforms
Time to open
Usually minutes, subject to verification

What this means

City Index runs 7 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: GBP, USD, EUR, AUD and entity-dependent currencies. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is From 0.01 lots on applicable forex platforms. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Questions about City Index accounts

Which base currencies does City Index support?

City Index accounts can be held in GBP, USD, EUR, AUD and entity-dependent currencies. Holding the account in the currency you deposit avoids a conversion charge on every deposit and withdrawal.

What is the minimum deposit at City Index?

The minimum deposit at City Index is $0. It can differ by account type and by the entity you register with.

What account types does City Index offer?

City Index offers 7 account types: Standard, MT4, Spread Betting, CFD, Professional, Corporate, Demo.

Accounts at brokers under the same regulator

More about City Index