City Index
Pros
- Regulated by FCA, ASIC, CySEC and MAS
- FSCS investor protection for UK clients
- No account opening, deposit or standard withdrawal fees
- 13,500+ tradeable markets including forex, indices, shares and commodities
- Spread betting is tax-free for UK residents
- TradingView integration with direct trade execution
- Free demo account with ยฃ10,000 virtual funds
- Negative balance protection for retail clients
Cons
- Inactivity fee of ยฃ12 per month after 12 months
- Stock CFD commissions apply on every trade
- Demo account expires after 12 weeks
- Crypto CFDs unavailable to UK retail clients under FCA rules
- No MetaTrader 5 support for most regions
- No copy trading or social investing features
- No passive investment options such as ready-made portfolios