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City Index

United Kingdom United Kingdom
Forex, CFDs & spread betting · since 1983
FCAASICMASwhat are these? →
4.1
/ 5 ★
RegulationFCA, ASIC, MAS
Min. deposit$0
Leverage1:1 – 1:200
PlatformsPropia, MT4, TradingView
InstrumentsForex, CFDs & spread betting
Founded1983
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at City Index.
How is this decided and how do I verify it? →

Regulation by region

The entity you sign with — and your protection — changes depending on where you live.

United Kingdom
FCA regulated with FSCSMarket maker
StoneX Financial Ltd (FRN 446717) — FSCS up to £85,000
European Union
EU under the Forex.com brand (CySEC)Market maker
StoneX Europe Ltd (CySEC) — ICF up to €20,000; doesn't operate as City Index
United States
Doesn't serve US retail under the City Index brand
City Index doesn't serve the US (Forex.com via GAIN Capital does)
Australia
Rebranded to Forex.com, ASIC no compensationMarket maker
StoneX Financial Pty Ltd (AFSL 345646) — AFCA member, no FSCS-type scheme
Rest of the world
Singapore rebranded to Forex.com (MAS)Market maker
StoneX Financial Pte Ltd (CMS, MAS) — no FSCS-type scheme

All licenses

Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).

United KingdomFCARegulatedMarket makerFRN 446717
AustraliaASICRegulatedMarket makerAFSL 345646
SingaporeMASRegulatedMarket makerCMS
CyprusCySECRegulatedMarket maker

Account types

CFDCFDs on forex, indices, stocks, commodities, bonds and ETFs
Spread BettingUK only; tax-free on profits in the UK
Professionalmeeting 2 of 3 criteria; higher leverage, fewer protections

Pros

✓Top-tier regulation
✓Funds with compensation scheme
✓Good reputation

Cons

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Breakdown by axis

The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.

Regulation: Top tier22/22 pts
Why: FCA 446717 + ASIC 345646 + MAS, part of StoneX (NASDAQ). A brand, not a separate entity; UK retail under StoneX Financial (FCA)
Withdrawals / payments: Isolated complaints10/20 pts
Why: mostly clean (3-5 days); KYC friction and credit card refunds; no systemic denial
Fund safety: Full (with compensation)15/15 pts
Why: segregated (CASS FCA) + FSCS GBP85k
Transparency: With caveats5/10 pts
Why: FSA fine GBP490k (2011, reporting); ASIC actions 2012-13 + ASIC compensation 2023
Reputation: Strong10/10 pts
Why: founded 1983, spread betting pioneer; Trustpilot ~4.3
Costs: Average4/8 pts
Why: EURUSD ~0.5-0.74 pip (market maker), no commission

Sources

Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.

🔗 FCA registration — StoneX Financial Ltd (FRN 446717)🔗 City Index — strength and safety (regulation)🔗 Companies House — StoneX Financial Ltd (05616586)

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