City Index Review 2026
The full City Index write-up for Singapore traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Singapore
| Regulator | MAS MAS, Monetary Authority of Singapore (MAS) |
| Registration | Registered |
| Regulated Entity | GAIN Capital Singapore Pte Ltd |
| Max Leverage (Forex) | 1:20 |
| 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 |
| Verify on MAS register → | Registered |
Verdict
Cooks under MAS (registration). Cover charge $0. In Singapore, forex leverage is capped at 1:20.
About City Index
City Index opened its doors in 1983 out of a kitchen in London, UK. Its menu runs to 13,500 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by GAIN Capital Singapore Pte Ltd under MAS.
In Singapore, City Index serves as GAIN Capital Singapore Pte Ltd, cleared by MAS registration. Under MAS house rules, Singapore traders are poured no more than 1:20 leverage on forex pairs.
Trading Platforms
Pros
- MAS regulated, registration
- 13,500+ instruments to trade
- Negative balance protection in Singapore
- Platforms: City Index Platform, MT4, TradingView
- Founded in 1983 (43 years operating)
- 13,500+ instruments, one of the widest menus reviewed
Cons
- Inactivity fee: GBP12/month after 12 months
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is City Index regulated?
Yes. City Index is authorised by MAS, issued to the entity GAIN Capital Singapore Pte Ltd, an authorisation you can look up for yourself on the official MAS public register.
What is the minimum deposit for City Index in Singapore?
The cover charge is $0, the smallest amount Singapore traders need to open a live account with City Index under MAS rules.
What leverage does City Index offer in Singapore?
In Singapore, MAS rules cap City Index at 1:20 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is City Index safe to trade with?
The kitchen passes inspection: City Index cooks under MAS. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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