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City Index regulation

Across a hundred brokers, the licence is what separates the field fastest. Here is City Index's regulatory record in full.

Facts last checked . Read the full City Index review.

Regulation and safety

Regulated by
FCA (446717); ASIC (AFSL 345646); MAS and other StoneX group regulators
Regulator tier
Tier 1
Register entry
FCA Financial Services Register, FRN 446717
Client money segregated
Yes
Held at
Top-tier regulated banks
Negative balance protection
Yes for eligible retail clients
Compensation scheme
FSCS up to £85,000 for eligible UK clients; jurisdiction-dependent elsewhere
Audited by
Deloitte & Touche LLP at StoneX Group level
Not available to
United States for retail City Index offering and jurisdictions where services cannot legally be provided

Check the licence yourself: the FCA Register, ASIC Connect, the MAS Financial Institutions Directory.

What this means

Across a hundred brokers, the licence is what separates the field fastest.

City Index holds tier-one authorisations from ASIC, FCA and MAS. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

The Monetary Authority of Singapore applies some of the tightest conduct requirements in the region, and fewer firms hold its licence.

Client money is held separately from the firm's own money, at Top-tier regulated banks. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by FSCS up to £85,000 for eligible UK clients; jurisdiction-dependent elsewhere, which pays eligible clients up to its limit if the firm fails owing client money.

Questions about City Index regulation

Who regulates City Index?

City Index is regulated by FCA (446717); ASIC (AFSL 345646); MAS and other StoneX group regulators.

Is client money segregated at City Index?

Yes. City Index holds client money separately from its own funds, at Top-tier regulated banks.

Does City Index offer negative balance protection?

Yes. City Index offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.

Regulation at brokers under the same regulator

More about City Index