Look a broker up before you trust it

Ten quick answers

Does City Index hold a licence?
It does. City Index is supervised by FCA, CySEC, ASIC, MAS, CIRO, and its licence number is FRN 446717 (FCA). You can look that number up on the regulator's own public register.
How much do I need to open a City Index account?
City Index has no set minimum first deposit for a standard account. Certain account types may require more, so confirm the current amounts on the broker's official website.
Can I trust City Index with my money?
City Index has been trading since 1983 and is regulated by FCA, CySEC, ASIC, MAS, CIRO. Before you deposit, check on the regulator's public register that the licence is still valid, and put in only money you can afford to risk on leveraged products.
Can US residents open an account with City Index?
No. Because of US regulatory requirements (CFTC/NFA), City Index is not taking clients who live in the United States at present.
How much leverage does City Index offer?
The highest leverage at City Index is 30:1 retail (FCA / ASIC / EU). The limit for retail clients depends on where the account is regulated: under tier-1 regulators (FCA, ASIC, CySEC) it is lower than under offshore regulation.
Can I use MetaTrader 4 or MT5 with City Index?
Yes. MetaTrader 4 and/or MetaTrader 5 are available at City Index next to its other platforms.
Which trading platforms can I use at City Index?
At City Index you trade through City Index web platform, City Index app, MT4, TradingView. Where applicable, each of these comes in a desktop and a mobile version.
How quickly does City Index pay out withdrawals?
How long a City Index withdrawal takes depends on the payment method and on the company that holds your account. Your KYC verification has to be finished first, and the broker's payments page gives the current processing times.
Will City Index charge me for withdrawing?
That depends on the payment method and on the company that holds your account. A payment processor or bank may also add a fee of its own, which the broker does not control. The broker's payment terms give the current details.
Does City Index have a demo account?
Yes. City Index provides a demo account at no cost. It is loaded with virtual funds, so you can try the platform, practise your strategies and look around the available markets before you risk real money.