City Index Account Types: List & Characteristics (2023)

City Index provides a good number of account types:

• City Index Demo Account
• City Index MT4 Account
• City Index Standard Account
• City Index CFD Account
• City Index Spread Betting Account
• City Index Professional Account
• City Index Corporate Account

City Index account types: Full list and features

Under FCA and ASIC regulations, clients find maximum retail leverage on forex up to 30:1, while under MAS regulation the maximum retail leverage is even less, up to 20:1. Other restrictions may occur depending on your location.

City Index MT4 account: Best for forex traders

• Availability: Under ASIC, FCA, MAS.
• Markets: Forex, indices, commodities (300+ assets in total, though the availability of the single asset depends on your location).
• Commissions: On this account type you will find spreads from 0.5 pips, plus a rollover fee if you hold a position overnight.
• Platforms: MetaTrader 4.
• Trade size: From 1 micro lot.
• Leverage: Up to 1:30 (ASIC, FCA) and up to 20:1 (MAS) on major forex.
• Special features: Expert Advisors from FX Blue; monthly cash rebates earn where you can earn rebates up to $85 per million when you trade forex, shares, and indices (availability subject to your location).
• Account opening: A demo account is available. To switch to a live version, the minimum deposit you need to make is $100.

City Index standard account: Best for casual traders

• Availability: Under ASIC, FCA, MAS.
• Markets: Forex, indices, shares, commodities, bonds, ETFs, interest rates (13,500+ assets in total, though the availability of the single asset depends on your location).
• Commissions: You will find spreads from 0.5 pips, while on shares you can expect a commission starting from 0.08% on the total value of the trade. Overnight commissions are still charged.
• Platforms: City Index WebTrader.
• Trade size: From 1 micro lot.
• Leverage: Up to 1:30 (ASIC, FCA) and up to 20:1 (MAS) on major forex pairs.
• Special features: Advanced charting package with more than 80 technical indicators; real-time trade ideas on several markets based on historic prices; monthly cash rebates (availability subject to your location).
• Account opening: A standard demo account is available. To switch to a live account, the minimum deposit you need to make starts from $100 depending on your location.

City Index CFD account: Best for everyday traders

• Availability: Under ASIC, FCA, and MAS.
• Markets: Forex, indices, shares, commodities, bonds, ETFs, interest rates (5000+ assets in total, though the availability of the single asset depends on your location).
• Commissions: The spread and fees on the stock market remain unchanged. These are 0.5 pip and 0.08% on the trade, respectively. There’s also the rollover fee.
• Platforms: City Index WebTrader.
• Trade size: From 1 micro lot.
• Leverage: Up to 1:30 (ASIC, FCA) and up to 20:1 (MAS) on major forex pairs.
• Special features: Monthly cash rebates (availability subject to your location); extended market hours.
• Account opening: A CFD demo is indeed available, with a minimum deposit from $100 depending on your location.

City Index spread betting account: Best for UK everyday traders

• Availability: Under FCA.
• Markets: Forex, indices, shares, commodities, bonds, interest rates (8500+ assets in total).
• Commissions: Other than the rollover fees, here spreads start from 0.5 pips.
• Platforms: City Index WebTrader.
• Trade size: From 1 micro lot.
• Leverage: Up to 1:30.
• Special features: Bonds and interest rates are commission-free.
• Account opening: UK clients have access to a spread betting demo account and after that, you can open an account with a no minimum deposit requirement.

City Index professional account: Best for high-volume traders

• Availability: Under ASIC, FCA, MAS.
• Markets: Forex, indices, shares, commodities, bonds, ETFs, interest rates, options (13500+ assets in total, though the availability of the single asset depends on your location).
• Commissions: Professional traders will still be charged spreads from 0.5 pips, commissions from 0.08% on stocks, and overnight fees.
• Platforms: City Index WebTrader.
• Trade size: From 1 micro lot.
• Leverage: Up to 1:400 on forex.
• Special features: Higher leverage, monthly cash rebates, a dedicated relationship manager, and unique fee structures. A sign-up bonus may be available depending on your location.
• Account opening: You can start with a demo first, then sign up for a professional account. The minimum deposit depends on your location and starts from $100.

City Index corporate account: Best for institutional and retail business trading

• Availability: Under FCA.
• Markets: Forex, indices, shares, commodities, bonds, ETFs, interest rates, options (13500+ assets in total, though the availability of the single asset depends on your location).
• Commissions: spreads and commissions are the same as the other City Index accounts. Overnight fees are also charged.
• Platforms: City Index WebTrader.
• Trade size: From 1 micro lot.
• Leverage: Up to 1:30 on major forex.
• Special features: Possibility to open multiple accounts, possibility to trade under your business name.
• Account opening: In order to open a corporate account, City Index requires a £50,000 minimum deposit.

What happens to inactive City Index trading accounts?

If you have not used your account for 36 months (retail clients) or 12 months (Professional clients), it will be classified inactive by City Index, and you will get charged an inactivity fee of £12 per month.

After 3 years of inactivity (or 1 for professional clients), City Index may reserve the right to close your account or verify your situation. If you need any help, contact the support team.