Is City Index a Scam? Regulation Check 2026
We checked City Index's licence in the official MAS register. Here is what the public records say.
Verdict
City Index is NOT a scam. It holds MAS licence N/A, authorising it to offer trading services in Singapore.
How to verify on the official register
| Regulator | MAS MAS Monetary Authority of Singapore (MAS) |
| Licence Number | N/A |
| Regulated Entity | GAIN Capital Singapore Pte Ltd |
| Founded | 1983 |
What MAS regulation means
MAS-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with MAS directly.
What MAS regulation means for your money
- Client funds held in segregated bank accounts, separate from City Index's own capital
- Negative balance protection — you cannot lose more than your deposit
- Right to file complaints directly with MAS if City Index fails to resolve your issue
- City Index submits to regular independent financial audits under MAS oversight
Frequently Asked Questions
Is City Index a scam or legitimate?
City Index is NOT a scam. It holds MAS licence number N/A. MAS is one of the world's most respected financial regulators. The licence is publicly verifiable in the MAS official register.
How do I check City Index's MAS licence?
Go to the official MAS website and use the public register search. Search for licence number N/A or the entity name. The record will confirm City Index's authorisation status and the scope of its permissions.
Are my funds safe with City Index?
As an MAS-regulated broker, City Index must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if City Index encounters financial difficulties.
What protection do I have as a City Index client in Singapore?
In Singapore, City Index operates under MAS supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with MAS.
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