Desk file · 2026 edition · record confidence: medium
City Index
We opened the file on City Index the way we open every file: register first, marketing never. Trading since 1983, run out of London, UK, and carrying 2 licence entries on the public record, 2 of them tier-1. Opened under the FCA entity.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | 8.4 |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | 8.2 |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $50.00 |
Spread basis. sampled EUR/USD average on the tightest retail account. Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| FCA | 446717 | UK | T1 | StoneX Financial Ltd (trading as City Index) | register.fca.org.uk |
| ASIC | AFSL 345646 | Australia | T1 | StoneX Financial Pty Ltd (trading as City Index) | stonex.com |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- City Index was founded in 1983 as a spread betting firm.
- City Index is a trading name of StoneX Financial Ltd, authorised by the FCA under register number 446717.
- City Index's parent company is StoneX Group Inc., listed on Nasdaq.
- StoneX acquired the City Index brand as part of its 2020 acquisition of GAIN Capital.
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- Minimum deposit (widely reported as $100/£100 but not confirmed on an official page in this research)
- EUR/USD spread is a 'from' figure
| Founded | 1983 |
| Head office | London, UK |
| Minimum deposit | $100 |
| Leverage cap | 1:30 (UK retail) |
| EUR/USD | 0.50 pips |
| Tier-1 entries | 2 |
| Record confidence | medium |
Platforms and account types on file
Platforms
Account types
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Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.