City Index Review: Is It the Right Platform for You?

City Index Review: Is It the Right Platform for You?

City Index is the perfect choice for experienced traders that want to trade CFDs exclusively.

Good for

  • Experienced CFD traders
  • Investors pursuing international CFDs

Bad for

  • Inexperienced traders
  • Investors seeking to buy stocks, bonds or ETFs without CFDs

Editor's Rating

4.5/5.0

City Index is the top online brokerage for investors in Singapore seeking to make CFD trades exclusively. The platform charges some of the lowest commission fees and typically has the best spreads for CFD trades. While the platform lacks some diversity in terms of trading methods and market access, its competitive CFD pricing makes it a great fit for seasoned traders. For this reason, it is not surprising that more than 140,000 retail investors worldwide use City Index.

Summary of City Markets' Online Brokerage
Most Competitive CFD Trading Costs & Offerings
Diverse Market Access (Stocks, Indices, Forex, Commodities & Cryptocurrencies)
24-Hour Investor Support & Investor Training Modules

Table of Contents

What Makes City Index Stand Out to Investors

City Index is an excellent online brokerage platform, particularly for those planning to conduct CFD trades. First, the platform offers commission-free CFD trading for all assets aside from stocks. Additionally, the commission fees it does charge are competitive with Singapore's other top online brokerages.

City IndexSaxo Markets (Classic Pricing)
CFD Commission for Stocks
Singapore0.08%0.08%
U.S.$0.015/share0.06%
Japan0.05%0.15%
Hong Kong0.15%0.25%
Index CFD Spread:
US SP 5000.40.4
US Tech 10011
Singapore0.40.3
Hong Kong 50105
Japan 22587
China A501012
Australia 20011
Germany 3011

However, investors seeking an online brokerage that allows them to make other types of trades would be better off with Saxo's platform, which generally charges the lowest fees for most non-CFD trades and offers access to more markets than any other platform in our review.

Investment Opportunities at City Index

Consider this if you are experienced in CFD trading

CIty Index offers a range of CFD trading opportunities, including on 17 global indices, more than 4,500 shares, 84 forex pairs, several commodities and cryptocurrencies including Bitcoin, Ethereum, Litecoin and Ripple. This wide range of offerings may be attractive to those seeking to make CFD trades of a range of asset types.

Summary of City Index's Trading Fees

InstrumentMin. SpreadCommission FeesMax. Margin
Indices0.3N/A5%
StocksMarket0.08% (min S$10 SGD)10%
Forex0.5N/A2%
Crypto$40 *N/A25%
Commodities0.06N/A20%
* Variable based on market conditions

What is CFD Trading?

CFD (contract for difference) trading allows investors to speculate on the price movement of a financial asset (e.g. stocks). Investors do not actually purchase the asset, but make gains or losses based on the changes to the asset's market price. In effect, investors are betting that the asset will either appreciate or depreciate.

Another important aspect of CFD trading is leverage. City Index does not require investors to purchase a CFD in-full, rather investors must make a deposit based on a required margin. This allows them to amplify their potential returns. However, it also can result in much more significant losses than traditional trading, which should inspire caution in less seasoned investors.

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