BrokerSafari Evidence Score
This is an evidence-based editorial calculation, not a guarantee of safety, an account test or an investment recommendation. It uses only the structured research recorded for this broker, never another website’s rating.
- BrokerSafari Evidence Score
- 8.8 / 10 — Strong
- Evidence confidence
- medium
- Evidence coverage
- 62.3%
- Assessed quality score
- 9.1 / 10
- Evidence-gap penalty
- −0.3
- Score before caps
- 8.8 / 10
- Calculated score after caps
- 8.8 / 10
- Regulation & Legal Entity
- Weight 30%; coverage 66.7% (2/3 inputs). Quality 10.0 / 10; 30 / 30 weighted points before normalization and penalties.
- Safety & Client Protection
- Weight 20%; coverage 0% (0/4 inputs). Quality unassessed — not zero.
- Transparency
- Weight 15%; coverage 75% (3/4 inputs). Quality 9.0 / 10; 13.5 / 15 weighted points before normalization and penalties.
- Fees & Trading Costs
- Weight 10%; coverage 100% (4/4 inputs). Quality 8.3 / 10; 8.3 / 10 weighted points before normalization and penalties.
- Deposits & Withdrawals
- Weight 10%; coverage 60% (3/5 inputs). Quality 7.5 / 10; 7.5 / 10 weighted points before normalization and penalties.
- Trading Platform & Products
- Weight 10%; coverage 100% (4/4 inputs). Quality 8.9 / 10; 8.9 / 10 weighted points before normalization and penalties.
- Track Record & Independent Evidence
- Weight 5%; coverage 100% (2/2 inputs). Quality 9.0 / 10; 4.5 / 5 weighted points before normalization and penalties.
Quality uses only assessable inputs. Entirely unassessed categories are excluded and remaining category weights are normalized; missing evidence is not zero quality. Coverage separately measures assessed input weight out of 100%. A gap penalty of 0.0, 0.3, 0.7 or 1.2 is applied before regulatory caps. Source strength affects confidence, not a direct multiplication of the quality score.
Rating cap
None.
Why this score?
Verified strengths
- Regulation & Legal Entity — Account-serving legal entity: verified.
- Regulation & Legal Entity — Relevant financial regulation: independently verified.
- Trading Platform & Products — Platform identity and clarity: verified.
- Trading Platform & Products — Mobile availability: verified.
- Track Record & Independent Evidence — Independent-source documentation: strong. Strong attributable documentation is not necessarily a favorable finding.
Provider-disclosed evidence
- Transparency — Company transparency: high.
- Transparency — Legal-document transparency: high.
- Transparency — Regulatory-disclosure transparency: high.
- Fees & Trading Costs — Spread transparency: high.
- Fees & Trading Costs — Commission transparency: medium.
- Fees & Trading Costs — Overnight-fee transparency: high.
- Fees & Trading Costs — Live trading-cost testing/corroboration: provider disclosed only.
- Deposits & Withdrawals — Deposit and withdrawal fee transparency: medium.
- Deposits & Withdrawals — Payment-method transparency: medium.
- Deposits & Withdrawals — Withdrawal-term transparency: medium.
- Trading Platform & Products — Trading-product transparency: medium.
- Trading Platform & Products — Platform testing: provider disclosed only.
- Track Record & Independent Evidence — Operating history: long.
Supplementary independent evidence
No assessable secondary-source evidence is recorded.
Evidence gaps
- Regulation & Legal Entity — Regulatory warnings and enforcement: unassessed.
- Safety & Client Protection — Client-money segregation: unassessed.
- Safety & Client Protection — Negative-balance protection: unassessed.
- Safety & Client Protection — Investor-protection coverage: unassessed.
- Safety & Client Protection — Security controls: unassessed.
- Transparency — Contact transparency: unassessed.
- Deposits & Withdrawals — Independent withdrawal testing/corroboration: unassessed.
- Deposits & Withdrawals — Verified withdrawal findings: unassessed.
Verified concerns
No verified adverse finding is recorded in these inputs. This is not a clean bill of health or continuous monitoring.
Broker Overview
City Index is a trading name of StoneX Financial Ltd on its UK website. This page assesses that disclosed UK scope and does not transfer its FCA record to another group company or to an account opened elsewhere.
| Reviewed website | UK-facing cityindex.com/en-uk pages. |
|---|---|
| Account entity named by the provider | StoneX Financial Ltd. |
| BrokerSafari account testing | No account opening, live trading, execution measurement or withdrawal test. |
| Important limitation | Products, client type, permissions and protections must be checked against the specific account terms. |
Regulation
The official FCA record is for StoneX Financial Ltd, not for every business using the StoneX name. The regulator states that the firm is authorised for specific activities and product types; match the permitted activity to the service and account you intend to use.
Legal Entity & Jurisdiction
StoneX Financial Ltd
| Legal entity | StoneX Financial Ltd |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Licence / reference | FCA firm reference number (FRN) 446717 |
| Jurisdiction | United Kingdom |
| Client type | Not available in the cited record; check the local account agreement. |
| Record status | Authorised; the FCA register specifies that permissions are limited to recorded activities and product types. |
| Evidence type | Regulator record |
| Source | FCA Financial Services Register — StoneX Financial Ltd |
| Last checked |
Broker brands may operate through multiple companies. The applicable regulator, permissions, products, client protections and complaint route depend on the legal entity named in the account agreement and the customer’s jurisdiction. A group company’s licence does not automatically apply to another company.
License Information
| Regulator | Financial Conduct Authority (FCA). |
|---|---|
| Legal entity | StoneX Financial Ltd. |
| Reference | FRN 446717. |
| Status | Authorised in the FCA register when checked; permissions are activity- and product-specific. |
| Last checked | 22 October 2026 |
Company Information
City Index states that it is a trading name of StoneX Financial Ltd, company number 05616586, registered in England and Wales. The company disclosure and regulator record are distinct sources with different purposes.
Trading Platforms
The UK platform comparison lists Web Trader, City Index mobile apps, MetaTrader 4 and TradingView. The MT4 page states that a dedicated MT4 account is required. Platform and instrument availability should be confirmed for the selected account.
Trading Products
The UK site describes CFD trading and spread betting across markets. These are leveraged products with different legal and tax treatment; the actual instruments, account entity and eligibility must be checked in the current regional terms.
Trading Conditions
City Index describes variable market pricing and overnight funding adjustments. For share dealing and share CFDs, commissions or other charges may differ from index and FX pricing. Use the live product schedule rather than applying one headline spread to all instruments.
Fees
| Spreads | Provider-published; instrument- and market-dependent. A starting spread is not a typical or guaranteed execution price. |
|---|---|
| Commission | May apply to some products, including share-related dealing; check the specific schedule. |
| Overnight financing | May apply to leveraged positions held overnight; rates and calculations vary by instrument. |
| Live all-in cost test | Not conducted by BrokerSafari. |
Deposit & Withdrawal
The UK funding FAQ describes payment methods, transaction minimums and card withdrawals. It states that card withdrawals have no City Index fee and that the card must previously have made a successful deposit. Payment-provider charges, eligibility and processing can differ; BrokerSafari has not tested a withdrawal.
Research Summary
The review confirms a matching UK FCA firm record and links it to City Index’s own disclosures about the UK trading name, products, platform choices, pricing and funding. Provider-published terms are not firsthand performance findings.
Safety / Regulation Analysis
An FCA record is evidence of the named firm’s authorization and recorded permissions, not a guarantee of trading outcomes, firm solvency or withdrawal performance. The FCA register itself warns that some activities may not be protected. Confirm the product, account classification and applicable protections before relying on them.
Our View
The strongest independently matched evidence in this review is the FCA record for StoneX Financial Ltd, the company City Index names for the UK service.
Pricing and platform information is published by City Index, but BrokerSafari did not test live costs, order handling or withdrawals. The exact account terms remain decisive.
A score does not guarantee results or establish that a broker is safe. Every broker receives an evidence score. Unknown information is excluded from quality assessment, not treated as poor performance. Coverage, confidence and a modest evidence-gap penalty reflect research limitations; verified concerns and regulatory caps remain separate.
What Is City Index?
City Index is presented here as the UK trading name of StoneX Financial Ltd. The company number and FCA reference are included only for that entity and market.
The provider publishes CFD and spread-betting products, platform information and cost schedules. Availability, protections and fees can differ by account, customer type and jurisdiction.
Is City Index Regulated?
The FCA register lists StoneX Financial Ltd as authorised under FRN 446717. Authorization does not mean every activity is protected; review the current register permissions and the account agreement.
Company and Legal Entity
City Index identifies StoneX Financial Ltd as its UK operator. No group-wide entity conclusion is made from that UK disclosure.
A brand name, a company registration and a financial-services licence are different things. A company registration alone should not be interpreted as a financial-services licence. The legal entity in the customer agreement must match the relevant regulatory record and the services being supplied.
Markets and Trading Products
The UK site describes CFDs and spread betting on multiple asset classes. The product-specific instrument list and terms should be checked on the current provider site for the account entity.
Trading Platform
Web Trader, mobile apps, MT4 and TradingView are listed on the UK platform pages. BrokerSafari has not installed, connected to or tested these platforms.
BrokerSafari has not independently tested the trading platform. A published platform name or download link is not a test of execution, account access, data security or the ability to recover money.
Fees and Trading Costs
The provider publishes spreads, financing and other charges. Rates can change and depend on the instrument; compare the full schedule and deal ticket before trading.
Deposits and Withdrawals
The cited UK FAQ describes funding and withdrawal methods and card-withdrawal terms. No deposit or withdrawal was made by BrokerSafari.
BrokerSafari has not independently tested withdrawals from City Index. Before funding an unfamiliar provider, review withdrawal eligibility, identity-verification requirements, fees, payment-recipient details and the entity responsible for the account. No withdrawal speed or success rate is asserted here.
Is City Index Safe?
The FCA record supports the named firm’s current authorization status in the register, but cannot establish a risk-free service or guarantee account outcomes. Product and protection scope must be verified separately.
What Should Traders Verify?
- Match the exact website and legal entity against the customer agreement and payment recipient.
- Search the relevant regulator’s official register; compare the name, domain, reference number and contact details.
- Check whether the permission covers the intended service, client category and jurisdiction.
- Read the complete fee schedule, including overnight financing, conversion and account charges.
- Review funding, withdrawal and account-closure terms before sending money.
- Identify the complaint route and any investor-protection eligibility; do not assume these apply across a group.
Evidence Reviewed
A Last Checked date records when the source or its availability was reviewed. It is not a promise of continuous monitoring. A record found for a similarly named company is not transferred to the entity under review. No third-party rating or customer report is adopted as regulatory verification.
What We Could Verify
- The FCA register identifies StoneX Financial Ltd under FRN 446717 as authorised.
- City Index identifies StoneX Financial Ltd as the operator of the UK-facing City Index service.
- The UK site publishes platform, trading-cost and funding information.
Information Still Unclear
- The exact entity and product for a reader outside the reviewed UK scope.
- Actual execution quality, typical costs and withdrawal outcomes; none were independently tested.
- Protection eligibility for a particular account, product and customer classification.
How BrokerSafari reviews brokers
| Evidence standards | BrokerSafari prioritizes primary evidence such as financial-regulator registers, legal disclosures and official company documents. Broker claims are attributed to the broker unless independently verified. Third-party reviews and user reports may provide useful context, but they are not treated as substitutes for regulatory records. |
|---|
Risk disclaimer
This review is general research, not personal financial advice or a recommendation to open an account. Trading and investing involve the risk of loss. Leverage can increase losses, while regulatory authorization does not guarantee investment performance, withdrawal outcomes or provider solvency.
Related Broker Reviews
Related broker research
Related trading guides
FAQ
The FCA register identifies StoneX Financial Ltd, the company named as City Index’s UK operator, under FRN 446717. Its permissions are activity- and product-specific. This conclusion is limited to the UK entity and does not apply automatically to every regional account.
The UK FCA record and provider disclosures provide evidence about the named UK service, but they do not establish that every account or product is suitable, protected or risk-free. Verify the entity in your own agreement.
No trading service is risk-free. The FCA record is limited to StoneX Financial Ltd and its permissions; BrokerSafari has not tested trading, account operations or withdrawals.
City Index identifies StoneX Financial Ltd as the UK trading-name operator. This review does not make a separate claim about ultimate ownership beyond the cited official disclosures.
The review covers the UK-facing City Index site. A customer’s contracting company and applicable protections may differ in other jurisdictions.
Confirm the precise legal entity and domain in the account agreement, then check the relevant regulator’s own register for matching permissions and contact details. Read the fee schedule, withdrawal conditions and complaint procedure. Establish which jurisdiction governs the account and whether any investor-protection scheme applies. A group licence or a similarly named firm is not sufficient evidence for your particular account.
No. This page is desk research of the public sources and limitations identified in Evidence Reviewed. BrokerSafari has not opened or funded an account, placed live trades, measured execution or independently tested withdrawals from this provider. Company descriptions of platform features and transaction times are not firsthand findings. The numerical Evidence Score reflects documented research, not firsthand testing or assurance of operational reliability.