City Index Review 2026
Full City Index review for United Kingdom traders — regulation, spreads, fees and our honest verdict.
Regulation in United Kingdom
| Regulator | FCA FCA — Financial Conduct Authority (FCA) |
| Licence Number | 113942 |
| Regulated Entity | GAIN Capital UK Ltd (City Index) |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $0 |
| EUR/USD Spread | From 0.5 pips |
| Instruments | 13,500+ |
| Platforms | City Index Platform, MT4, TradingView |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: GBP12/month after 12 months |
Verdict
Regulated by FCA (licence 113942). Minimum deposit $0. In United Kingdom: maximum forex leverage 1:30.
About City Index
City Index was founded in 1983 and is headquartered in London, UK. The broker offers 13,500 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by GAIN Capital UK Ltd (City Index) under FCA.
In United Kingdom, City Index operates as GAIN Capital UK Ltd (City Index), authorised by FCA under licence number 113942. United Kingdom traders are subject to a maximum leverage of 1:30 on forex pairs under FCA rules.
Trading Platforms
Pros
- FCA regulated — licence 113942
- 13,500+ instruments to trade
- Negative balance protection in United Kingdom
- Platforms: City Index Platform, MT4, TradingView
Cons
- Inactivity fee: GBP12/month after 12 months
- 76% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Frequently Asked Questions
Is City Index regulated?
City Index holds FCA licence 113942, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official FCA public register.
What is the minimum deposit for City Index in United Kingdom?
The minimum deposit is $0. This is the amount required to open a live trading account for traders in United Kingdom under FCA regulation.
What leverage does City Index offer in United Kingdom?
In United Kingdom, City Index offers maximum forex leverage of 1:30 under FCA rules. Higher leverage may be available through offshore-regulated entities.
Is City Index safe to trade with?
City Index is regulated by FCA, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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