City Index vs LegacyFX

City Index or LegacyFX – which is better for UK traders 2025? Compare City Index and LegacyFX in this detailed breakdown of their platforms, features and fees.

City Index vs LegacyFX Comparison Table 2025
City Index LegacyFX
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4.4
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2.5
City Index is ranked #18 among CFD brokers. LegacyFX is ranked #91 among CFD brokers.
Review
Review
Established in 1983 and now a part of the Nasdaq-listed StoneX Group, City Index is a renowned and award-winning broker specializing in forex, CFDs, and spread betting. Offering over 13,500 instruments, an evolving Web Trader platform, top-tier educational resources, and 24/5 customer support, City Index delivers a comprehensive trading experience. LegacyFX is a multi-asset broker offering an MT5 download & free signals.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pros
  • City Index is regulated by top-tier authorities like the FCA (UK), ASIC (Australia), and MAS (Singapore), while its ownership by StoneX Group Inc., a listed company, further reinforces its credibility.
  • City Index has made strides to enhance the trading experience, notably through its Performance Analytics in 2024 for insights into trades and discipline, plus an upgraded mobile app featuring in-built market research and news at a swipe.
  • City Index boasts 13,500+ markets spanning forex, indices, shares, commodities, bonds, ETFs, and interest rates, with the platform's inclusion of niche markets like interest rates offering unique trading avenues not always found elsewhere.
  • City Index provides versatile trading platforms for all skill levels. The intuitive Web Trader platform is ideal for beginners, while support for MetaTrader 4 (MT4) and TradingView adds robust analysis and automation features, ensuring a flexible experience for traders of all levels.
Cons
  • While many brokers like eToro have expanded their crypto offerings, City Index only provides crypto CFDs, and the limited range may not satisfy traders looking for a broader selection of altcoins.
  • Unlike brokers such as AvaTrade and BlackBull, City Index does not provide passive investment opportunities like social copy trading, or real stock or ETF ownership, making it less appealing for hands-off trading.
  • City Index lacks an Islamic account with swap-free trading conditions, making the broker less appealing to Muslim traders compared to providers like Eightcap and Pepperstone.
Awards
  • Best CFD Provider 2024 - ADVFN International Financial Awards
  • Best Trading Platform 2022 - Online Money Awards
  • Best Trading Signals Provider 2021
  • Broker of the Year 2021
  • Best STP Forex Broker 2020
  • Best Forex Broker in the Middle East 2019
FCA Regulated
Yes Yes
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto, Futures, Options, Bonds, Interest Rates,ETFs,Spread Betting Forex, CFDs, indices, shares, commodities, cryptocurrencies, stocks
Demo Account
Yes Yes
Minimum Deposit
$0 $500
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, ASIC, CySEC, MAS CySEC, FCA, VFSC, NBRB
Mobile Apps
iOS & Android iOS & Android
Trading App

The City Index app offers a user-friendly mobile trading experience with bespoke features like one-swipe trading. What’s also neat is the full-screen TradingView charts with 60+ technical indicators to plan your next move, while you can stay ahead with real-time price alerts and notifications. Additionally, Performance Analytics tools, added in 2024, provide insights into your trading metrics, helping you refine your trading strategies.
iOS App Rating
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3.8
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Android App Rating
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3.1
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Margin Trading
No Yes
Margin Rate
2.5%
MetaTrader 4
Yes No
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
No Yes
eSignal
No No
Trading Central
Yes Yes
STP Account
No Yes
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
SMART Signals Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Inactivity Fee
£12
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • PLN
  • CZK
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • CHF
  • SGD
  • RUB
  • PLN
  • HUF
Commodities
  • Gold
  • Oil
  • Silver
  • Copper
  • Livestock
  • Platinum
  • Natural Gas
  • Soybeans
  • Nickel
  • Iron
  • Orange Juice
  • Cannabis
  • Palladium
  • Coffee
  • Cotton
  • Lean Hogs
  • Sugar
  • Wheat
  • Silver
  • Gold
  • Oil
  • Copper
  • Cocoa
  • Cotton
  • Corn
  • Coffee
  • Sugar
  • Wheat
  • Aluminium
  • Palladium
  • Zinc
  • Gasoline
CFD
City Index has one of the most extensive suite of CFDs we’ve seen, providing short-term trading opportunities on diverse assets, sectors and regions. Its ‘Trade Ideas’ also excel for active traders looking for information to inform decisions while the Web Trader boasts extensive charting capabilities with 90+ technical indicators. Trade leveraged CFDs in a range of financial markets.
Leverage
1:30 1:200
FTSE Spread
1.0 From 1.0
GBPUSD Spread<
1.1 From 0.5
Oil Spread
1.5 From 0.05
Stocks Spread
Variable From 0.02
Forex
City Index is one of the most trusted forex brokers, providing an above-average selection of 80+ currency pairs alongside tight spreads from 0.7 pips, trading alerts, and terrific insights into FX markets, with 99.99% of trades successfully executed. Trade FX pairs with tight spreads & leverage.
Assets
84 40+
GBPUSD Spread
1.1 From 0.5
EURUSD Spread
0.8 From 0.6
EURGBP Spread
1.0 From 0.5
Currency Indices
  • USD
Cryptocurrency
City Index offers a modest handful of crypto CFDs, including Bitcoin, Ethereum and Ripple. But where it stands out is its in-house market insights and news coverage of major market moves, alongside its intuitive web platform. Go long or short on popular cryptos against the USD and EUR
Spread
0.5% (BTC) Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BTC
  • LTC
  • ETH
  • XRP
  • SOL
  • BNB
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
City Index LegacyFX
Review
Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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