City Index

What City Index does

City Index is a London-headquartered retail financial trading broker operating as a trading name of StoneX Financial Ltd, a wholly-owned subsidiary of Nasdaq-listed StoneX Group Inc. (SNEX). Founded with over 40 years of heritage in UK financial markets, the company offers spread betting, CFD (Contract for Difference), and forex trading to retail and professional traders, with access to 13,500+ markets spanning shares, indices, commodities, futures, options, bonds, interest rates, precious metals, and thematic indices. Trading is delivered across multiple platforms including a proprietary WebTrader, a mobile trading app, TradingView integration, and MetaTrader 4, supported by 99.99% uptime infrastructure and a Price Improver Guarantee execution feature.

The company operates a product-led, direct-to-consumer go-to-market model targeting self-directed retail and professional traders globally through digital acquisition (SEO, paid digital, social media) and educational content via its Trading Academy. Revenue is generated primarily through transaction-based spreads on CFDs, spread bets, and forex trades, with over 1 million account holders globally. City Index operates under FCA authorization in the UK and a Dubai Securities and Commodities Authority Category 5 license (via Gain Capital) for Middle East expansion. The company is positioned as one of StoneX Group's two flagship retail trading brands alongside Forex.com, with institutional services offered through the StoneX Pro division.

In 2020, City Index became part of StoneX Group through StoneX's acquisition of Gain Capital, consolidating it with Forex.com under shared infrastructure. More recently, the company has pursued geographic expansion into the UAE and broader Middle East via the SCA license, and in 2026 disclosed a 5.1% passive stake in Japanese retail/electronics operator Yamada Holdings as a diversification strategy. The company has won multiple 2024-2025 industry awards including Best CFD Broker (Professional Trader Awards) and Best Trading App. AI/ML capabilities are not disclosed in available materials.

Name

City Index

Legal name

StoneX Financial Ltd

Website

https://cityindex.co.uk

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

501–1,000 employees

Short description

City Index is a London-based retail trading broker offering spread betting, CFD, and forex trading across 13,500+ markets via WebTrader, mobile app, TradingView, and MT4 platforms to over 1 million retail and professional traders globally, operating as a brand of StoneX Group.

Ownership category

akta.pro rank

Product category

Retail Trading Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (523160)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Retail FX/CFD Broker Trading Venues (FSAFADAD)

akta.pro secondary industry

FX & Spot Metals Brokerage (FSAEACAK)

Keywords

• CFD trading
• Spread betting
• Forex trading
• Online derivatives brokerage
• Retail trading platforms

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. CFD Trading Spreads: City Index generates revenue primarily through spreads on CFD (Contract for Difference) products across forex, shares, indices, commodities, and other markets. CFDs are leveraged products where the spread represents the difference between buy and sell prices.
2. Spread Betting: Tax-free trading revenue derived from spreads on spread betting products across all markets in major asset classes, available to UK traders.
3. Forex Trading: Revenue from spreads on major and minor currency pair trading with low spreads and instant execution.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

City Index is an online retail brokerage providing leveraged trading products — Contracts for Difference (CFDs), financial spread betting, and forex — across more than 13,500 markets including shares, indices, commodities, futures, options, bonds, interest rates, precious metals, and thematic indices. Trading is delivered through proprietary platforms (WebTrader and Mobile App) and integrated partner platforms (TradingView and MetaTrader 4), supported by pricing tools, performance analytics, and a Reuters newsfeed. The firm serves retail, professional, and institutional clients under FCA regulation and is operated as a trading name of StoneX Financial Ltd.

Product overview

City Index is a multi-product financial trading broker offering CFDs, spread betting, and forex trading as its core products, accessible across multiple platforms including WebTrader, mobile app, TradingView, and MetaTrader 4. The company provides trading across over 13,500 markets spanning shares, indices, commodities, futures, options, bonds, interest rates, precious metals (bullion), and thematic indices. The platform integrates third-party charting tools (TradingView, MetaTrader 4) alongside proprietary tools including Performance Analytics and an Economic Calendar. Educational services are offered through the Trading Academy. Account types include Standard, MT4, and Corporate accounts for different trader segments. City Index is part of StoneX Group (NASDAQ: SNEX), providing institutional-grade infrastructure and regulatory oversight under FCA authorization.

Differentiator

Problem solved

Functional benefit

Products and services

• CFD Trading Contract for Difference trading enabling traders to speculate on rising and falling prices across thousands of financial markets with leverage. CFDs are leveraged products where the spread represents the difference between buy and sell prices.
• Spread Betting Tax-efficient spread betting across all markets in every major asset class, allowing UK traders to speculate on price movements without capital gains tax.
• Forex Trading Currency pair trading including major and minor pairs with low spreads and instant execution across global forex markets.
• Shares Trading Trading of individual company shares including extended hours trading with access to global equity markets.
• Indices Trading Trading on major global indices including UK 100, Wall Street, Germany 40, and US Tech 100.
• Commodities Trading Trading on commodity markets including oil and other energy products with competitive pricing.
• Futures Trading Futures contracts trading across various underlying assets and expiry dates.
• Options Trading Options trading enabling traders to hedge positions or speculate on price movements with defined risk parameters.
• Bonds Trading Government and corporate bond trading as part of fixed income markets.
• Interest Rates Trading Trading on interest rate products and related financial instruments.
• Thematic Indices Thematic indices allowing exposure to specific investment themes and sectors.
• StoneX Bullion Precious metals investment including gold, silver, platinum, and palladium trading.
• Mobile Trading App Powerful mobile trading platform with full account control and features on the move, available via iOS and Android app stores.
• WebTrader Browser-based proprietary trading platform enabling trade execution across global markets without software download.
• TradingView Platform Access Advanced charting and trading experience powered by TradingView supercharged tools available via browser and desktop.
• MetaTrader 4 (MT4) Platform Access World's most popular FX platform made available with additional asset classes including commodities and indices.
• Performance Analytics Standalone personalised performance analytics tool helping traders track and analyse their trading performance.
• Economic Calendar Economic calendar tool for tracking market-moving events and news announcements.
• Trading Academy Educational platform offering courses, lessons, and glossary for traders ranging from beginners to experienced professionals.

Quantifiable outcome

• 99.99% of all trades are executed by market-leading trading technology
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature7 records

Partnerships

Three partnerships are on record, tiered core.

• Gain CapitalcoreStrategic or Co-development PartnerCity Index operates as a brand under Gain Capital, which obtained a Category 5 license from Dubai's Securities and Commodities Authority. This license allows marketing of City Index and Forex.com brands to traders in the UAE and broader Middle East without holding client funds locally.
• TradingViewcoreTechnology or IntegrationCity Index offers TradingView integration, providing traders access to TradingView's supercharged charting tools across browser and desktop applications. This partnership enhances the trading experience through advanced technical analysis capabilities.
• MetaQuotes (MT4)coreTechnology or IntegrationCity Index offers access to MetaTrader 4 (MT4), the world's most popular FX platform, now extended to include commodities and indices asset classes. This partnership provides traders with access to a widely-used third-party trading platform.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• IG Group: UK-listed IG is the leading retail provider of spread betting and CFDs globally, with a comparable product set (forex, indices, shares, commodities) and a similar direct-to-consumer platform model — making it City Index's closest head-to-head competitor in UK spread betting.
• Saxo Bank: Saxo Bank is a Danish-headquartered multi-asset broker offering forex, CFDs, stocks, bonds, and futures through its SaxoTrader platforms — overlapping with City Index's product breadth while tilting more toward professional and institutional clients.
• OANDA: OANDA is a global retail FX and CFD broker with proprietary trading technology and broad asset coverage (forex, indices, commodities, metals), serving both retail and institutional clients in a model closely analogous to City Index.
• Plus500: Plus500 is a publicly listed global CFD broker with a self-directed online platform model focused on retail traders — directly comparable in product scope (CFDs across forex, indices, commodities, shares) and target customer segment.
• eToro: eToro is a multi-asset retail broker offering CFDs and forex alongside social/copy-trading, with a similar self-serve, product-led acquisition model and overlapping retail customer base targeting entry-level and intermediate traders.
• Admiral Markets (Admirals): Admirals is an Estonia-based retail CFD and forex broker regulated across the EU/UK, offering MT4/MT5 platforms and a comparable multi-asset CFD product suite to retail and professional traders.
• Forex.com (StoneX): Forex.com is City Index's sister brand under StoneX, offering retail FX and CFD trading with comparable platforms, regulatory footprint, and target audience — making it the closest intra-portfolio comparable.
• CMC Markets: CMC Markets is a London-headquartered CFD and spread betting broker offering web, mobile, and MT4 platforms across the same asset classes as City Index, serving retail and professional traders in the UK and internationally.

Broad incumbents

• Interactive Brokers: Interactive Brokers is a large, publicly listed multi-asset broker covering global forex, CFDs, shares, options, futures, and bonds across 150+ markets — a broader incumbent that overlaps with City Index's asset class coverage but serves a more professional client base.

Emerging players

• Robinhood: Robinhood is a US-led commission-free retail trading platform expanding into futures and CFD-like products — an emerging competitor for retail mind share and on-boarding of next-generation self-directed traders globally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Josh_Cityindex
• YouTubeyoutube.com/user/CityIndexLtd
• Facebookfacebook.com/CityIndexUK
• LinkedInlinkedin.com/company/city-index
• Instagraminstagram.com/cityindexuk

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about City Index