BrokAIr Reviews

City Index Review

"City Index offers traders a unique trading experience that is quite unlike any other online brokerage, but with its low minimum deposit and wide range of product offerings, it may be too good to be true!" Is City Index too good to be true?

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City Index Overview

City Index is a global financial services provider offering CFD, forex and spreadbetting trading options to retail and professional clients. Founded in 1983, it is one of the oldest and most well-known names in the online trading industry. City Index is operated by GAIN Capital UK and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, as well as other authorities around the globe.

Top Pros & Cons

Founders

City Index was founded in 1983 by Stuart Wheeler, a British stockbroker who specialized in trading derivatives. The company was originally called Intercapital and was acquired by City Financial Marketing Ltd. in 1999. City Index has since grown to become one of the leading online brokers in the world, offering a range of services to both retail and professional traders.

Public Opinion

Trustpilot reviews show that City Index has a 3.6/5 star rating from over 1,000 reviews. Public opinion is generally positive with many users praising the competitive spreads, fees and customer service. There are also some negative reviews citing slow withdrawals and limited educational resources.

Newsworthy Events

In June 2019, City Index was acquired by GAIN Capital UK, a leading global provider of online trading services. This acquisition allowed City Index to expand its services and reach new markets around the world.

In April 2020, City Index launched its new proprietary platform, Advanced Trader. The platform features advanced charting tools, customizable order types and a range of advanced features for experienced traders.