City Index provides a range of trading account types tailored to different trader profiles, including beginners, retail traders, high-volume professionals, and fund managers.
Available accounts include the MT4 Account (ideal for forex traders), the Standard Account (ideal for casual traders), the CFD Account (ideal for everyday traders), and the Spread Betting Account (exclusive to UK traders). Advanced traders and money managers can access the Corporate Account and the Professional Account, which offers higher leverage, lower margin requirements and additional benefits.
Each City Index account type has distinct pricing models and offers platform compatibility across MT4 and City Index WebTrader.
The availability of the City Index account types is subject to Regulatory compliance, trader expertise, and regional restrictions.
Table of Content
What types of trading accounts are available at City Index?
The City Index account types are listed below.
- 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 MT4 Account: Best for forex traders
City Index MT4 Account is designed for forex traders and offers access to over 300 assets. It operates on the MetaTrader 4 platform, supports trade sizes from 1 micro lot, and provides leverage up to 1:30 under ASIC and FCA regulations. Spreads start from 0.5 pips, and there are monthly cash rebates available, subject to location.
The features of the City Index MT4 Account are listed below.
- 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
City Index Standard Account is suitable for casual traders by providing access to over 13,500 assets. It utilizes the City Index WebTrader platform, supports trade sizes from 1 micro lot, and offers leverage up to 1:30 under ASIC and FCA regulations. Spreads start from 0.5 pips, with commissions on shares starting from 0.08% of the trade’s total value.
The features of the City Index Standard Account are listed below.
- 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
City Index CFD Account is tailored for everyday traders and offers access to over 5,000 assets. It operates on the City Index WebTrader platform, supports trade sizes from 1 micro lot, and provides leverage up to 1:30 under ASIC and FCA regulations. Spreads start from 0.5 pips, with commissions on shares starting from 0.08% of the trade’s total value.
The features of the City Index CFD Account are listed below.
- 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
City Index Spread Betting Account is exclusive to UK traders and allows tax-free betting on over 8,000 global markets, such as 65 forex pairs. It operates on the City Index WebTrader platform, supports minimum trade sizes from 50p per point, and offers leverage up to 1:30 under FCA regulation. Spreads start from 0.5 pips, and there are no commissions on trades.
The features of the City Index Spread Betting Account are listed below.
- 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
City Index Professional Account is designed for high-volume traders who meet specific eligibility criteria and offers access to a wide range of markets with higher leverage options.
The features of the City Index Professional Account are listed below.
- 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 $100.
City Index Corporate Account: Best for institutional and retail business trading
City Index Corporate Account is intended for institutional and retail business trading by providing access to a wide range of markets and tailored services.
The features of the City Index Corporate Account are listed below.
- Availability: Under FCA.
- Markets: Forex, indices, shares, commodities, bonds, ETFs, interest rates, options (13500+ assets in total, though the availability of the single asset depends on your location).
- Commissions: spreads and commissions are the same as the other City Index accounts. Overnight fees are also charged.
- Platforms: City Index WebTrader.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 on major forex.
- Special features: Possibility to open multiple accounts, possibility to trade under your business name.
- Account opening: In order to open a corporate account, City Index requires a £50,000 minimum deposit.
How to compare the City Index trading accounts?
The table to compare the City Index trading accounts is shown below.
City Index Account Types | Minimum Deposit ($) | Minimum Spread (pips) | Volume-Based Commissions | Overnight Fees | Minimum Trade Size (lots) |
---|---|---|---|---|---|
City Index MT4 Account | 100 | 0.5 | Spreads from 0.5 pips | Yes | 0.01 (1 micro lot) |
City Index Standard Account | 100 | 0.5 | 0.08% on shares | Yes | 0.01 (1 micro lot) |
City Index CFD Account | 100 | 0.5 | 0.08% on shares | Yes | 0.01 (1 micro lot) |
City Index Spread Betting Account | No minimum deposit | 0.5 | No commissions | Yes | 0.01 (1 micro lot) or 50p per point |
City Index Professional Account | 100 | 0.5 | 0.08% on stocks | Yes | 0.01 (1 micro lot) |
City Index Corporate Account | 50,000 | 0.5 | Same as other accounts | Yes | 0.01 (1 micro lot) |
What are the requirements to open a City Index account type?
The requirements to open a City Index account are listed below.
- Contact requirements: The contact requirements of City Index include a valid email address and a valid phone number
- Age requirements: The age requirement at City Index is that you must be over 18 years old to open an account
- Legal requirements: The legal requirements at City Index include complying with KYC laws by verifying your identity with documents such as a passport or utility bill.
- Minimum deposit requirements: City Index minimum deposit to activate a live trading account is $100
- Regulatory requirements: The regulatory requirements at City Index stipulate that you must be a resident in a country where the broker operates
- Knowledge requirements: The knowledge requirements at City Index include answering questions about your trading experience and financial knowledge before accessing complex financial products.
Do City Index account types charge inactivity fees?
Yes, City Index account types charge inactivity fees. 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.
City Index considers an account inactive when there are no trades executed for 36 or 12 consecutive months. The inactivity fee is deducted monthly from the available balance once the account reaches dormancy. After 3 years of inactivity or 1 for Professional clients, City Index may reserve the right to close your account or verify your situation.
City Index demo accounts are trial accounts with virtual funds, so traders using them owe nothing to the broker. Even if a demo account is abandoned, no City Index fees are incurred because these accounts do not involve real money. Demo accounts expire after 12 weeks but can be reopened if needed.