Regulatory Strength
City Index is backed by StoneX Group, a trusted entity, and is regulated in several jurisdictions. It operates under the supervision of seven Tier-1 regulators, one Tier-2 regulator, and one Tier-4 regulator, ensuring compliance with high standards of investor protection. Regulators include ASIC, MAS, FCA, CIRO, JFSA, CFTC, and regulatory bodies within the European Union via the MiFID passporting system.
A Glimpse into the City Index.com Advantage
- Part of StoneX Group: Being a part of StoneX Group (NASDAQ: SNEX) adds credibility and financial stability to City Index.
- Advanced Trading Platforms: City Index offers a flagship Web Trader platform, providing advanced trading tools and integrated research for a comprehensive trading experience.
- PlayMaker Tool: City Index’s PlayMaker tool is recognized for its risk management capabilities, winning an Annual Award.
- Mobile Trading App: The mobile app combines advanced functionality with ease-of-use, offering features such as integrated research, news headlines, and market commentary.
- SMART Signals Subscription: Traders benefit from 200 distinct trading signals generated weekly by City Index’s in-house engine.
- Extensive Market Coverage: City Index provides access to a broad range of markets, including forex, commodities, indices, and more.
- High-Quality Research: City Index delivers high-quality market research, with Trading Central’s suite of research tools integrated directly into its platforms, along with daily editorial updates, news headlines, and economic calendars.
- Social Trading/Copy Trading: City Index offers social trading and copy trading features, allowing users to follow and copy the trades of experienced traders.
- Cryptocurrency Trading: While physical cryptocurrency trading may not be available, City Index offers cryptocurrency derivatives through CFDs, providing exposure to the crypto market without owning the underlying asset.
Pros and Cons – Weighing the Advantages and Disadvantages
Pros
- Strong regulatory oversight with StoneX Group backing.
- Feature-rich Web Trader platform with integrated research.
- Recognized risk management tool – PlayMaker.
- Advanced mobile trading app.
- SMART Signals subscription for trading insights.
Cons
- Limited MetaTrader offering, lacking MetaTrader 5.
- Relatively lower video production compared to other brokers.
City Index review Details
Platforms
Restricted Countries
Australia
Canada
Cyprus
Czech Republic
France
United States