City Index Bonus Review – Why you should seek alternatives?

City Index Bonus Review – Why you should seek alternatives?







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City Index is not the most famous Forex broker and definitely not among the top 50 Forex brokers, as well. However, this UK-based brokerage company offers access to more than 12,000 financial instruments including indices, 4500+ global stocks, 84 Forex currency pairs, and commodities. The broker has more than 35 years of trading experience and holds an authorization from the Financial Conduct Authority in the United Kingdom (FCA). Also, the broker is listed on the NASDAQ.

On the other hand, there are no bonus deals available with City Index. Previously the broker had several promotions including the deposit bonus, however, now it is no more available.

Update: Unfortunately, FXTM No Deposit Bonus is not available at the moment!

However, you can still trade Forex with the tightest spreads and ultra-competitive commission rates with an XM Ultra-low account. Or, check the best market deals in our Deposit Bonus Category.

City Index Deposit Bonus is not reliable

One of the most contradictory things with the City Index deposit bonus is the fact that despite being regulated and based in the United Kingdom, the broker still offers bonus programs. As you may already know, the regulators in Europe strictly prohibit bonus offerings. Therefore, City Index should not be legally authorized to offer a deposit bonus. At the moment, the bonus program is no more active. However, throughout previous years the customers of the broker were offered the deposit promotional program which makes us believe that the broker’s offers are highly unreliable. There should be an issue either with the City Index broker regulation, or the deposit bonus terms and conditions.

If you claim City Index Bonus, do not expect to claim your deposit back. This is basically the rule. And, as you would expect, we are not guided just by opinions of the internet. We have tried it on our own, and there is still no money returned. So, learn from the mistakes of others, stay safe!

city index review

City Index Deposit Bonus Alternative

If you want our recommendation, it is really simple. There is no reason to look for some highest bonus or something like that. You should just take 50% from XM and trade with them. They are reliable and will not ever fool you and take your money away. Of course, if you do not like this deal, you take part in some Forex Contest, but we like this deal more.

Get MT4 account with 50% bonus at XM

FAQs on City Index deposit bonus

Is City Index good for day trading?

We do not recommend City Index for day trading. Day trading is extremely risky, therefore, it would be better to trade with experienced and highly reliable Forex brokers. City Index is a very loosely regulated Forex broker. It would be better if you aim at the brokerage companies that have more than two authorizations from the top-tier market regulators. Try XM, AvaTrade, HotForex, Plus500, or similar brokers.

Is City Index a good broker?

City Index is an average Forex broker. It is definitely not among the top 50 Forex brokers but not at the very bottom, as well. However, for beginner and intermediate Forex traders, we would recommend alternative options with a stronger regulatory framework, better trading costs, and more convenient asset portfolios. Go for either XM, Plus500, Tickmill, HotForex, or AvaTrade for a better trading experience.