City Index Review 2026
Full City Index review for Singapore traders — regulation, spreads, fees and our honest verdict.
Regulation in Singapore
| Regulator | MAS MAS — Monetary Authority of Singapore (MAS) |
| Licence Number | N/A |
| 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 |
Verdict
Regulated by MAS (licence N/A). Minimum deposit $0. In Singapore: maximum forex leverage 1:20.
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 Singapore Pte Ltd under MAS.
In Singapore, City Index operates as GAIN Capital Singapore Pte Ltd, authorised by MAS under licence number N/A. Singapore traders are subject to a maximum leverage of 1:20 on forex pairs under MAS rules.
Trading Platforms
Pros
- MAS regulated — licence N/A
- 13,500+ instruments to trade
- Negative balance protection in Singapore
- 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 MAS licence N/A, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official MAS public register.
What is the minimum deposit for City Index in Singapore?
The minimum deposit is $0. This is the amount required to open a live trading account for traders in Singapore under MAS regulation.
What leverage does City Index offer in Singapore?
In Singapore, City Index offers maximum forex leverage of 1:20 under MAS rules. Higher leverage may be available through offshore-regulated entities.
Is City Index safe to trade with?
City Index is regulated by MAS, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
Reader Comments
Loading comments...