Forex & CFD broker
Is City Index Available in Canada? (2026 Check)
By ForexCanada Editorial Team · Updated
Canada check
City Index holds licences outside Canada but is not registered with CIRO or any provincial securities regulator. If it accepts you, your account will normally be opened with an offshore group entity rather than its better-regulated subsidiaries — so CIPF coverage, CIRO margin rules and OBSI complaint handling do not apply. StoneX serves Canadian retail forex clients through FOREX.com Canada rather than City Index.
- Canadian status
- Not registered in Canada
- Canadian entity
- None — not registered in Canada
- CIPF coverage
- No
- OBSI complaints
- No Canadian ombudsman access
- Accepts Canadians
- Not available to Canadians
- Founded
- 1983
- Headquarters
- London, UK
- Ownership
- StoneX Group Inc. (NASDAQ: SNEX)
Our take on City Index
City Index is StoneX's UK-founded CFD and spread-betting brand. Canadians are served by its sister brand, FOREX.com Canada, which is CIRO-registered.
City Index has operated in London since 1983 and is now part of StoneX Group, the same parent as FOREX.com. StoneX's Canadian retail business runs through FOREX.com Canada, a CIRO dealer member — so Canadians who want the StoneX platform family should go there rather than City Index.
Verdict
Use FOREX.com Canada instead — same parent, Canadian registration.
What we like
- +Large market range
Watch out for
- −Not offered to Canadians
- −Not registered in Canada — no CIPF, CIRO or OBSI protection
How City Index scores
Canadian protection carries 40% of the weight, so an unregistered firm can't outrank a registered one on price alone. See the full methodology.
Accounts, markets & platforms
- Platforms
- Proprietary web, MT4, TradingView
- Markets
- Forex (80+ pairs) · CFDs
- Leverage
- Offshore entities often advertise 100:1 to 500:1 or more
- CAD / USD accounts
- — CAD | — USD
- Demo account
- Available
Figures are taken from the broker's own disclosures at our last review (2026-09) and change often — always confirm on the broker's website. Spot an error? Tell us.
Verify City Index yourself
- Look for the firm on CIRO's list of dealers it regulates.
- Search the legal entity name in the CSA National Registration Search and check it is registered in your province.
- Confirm CIPF membership in the CIPF member directory.
- Search the CSA investor alerts for the brand name and any look-alike websites.
- Make sure the account agreement you sign names the same legal entity — not an offshore affiliate.
Registered alternatives for Canadians
These firms are CIRO dealer members with CIPF-eligible accounts:
Interactive Brokers Canada
Online brokerage
Experienced, cost-sensitive traders who want forex, futures, options and global stocks in one account
Questrade
Online brokerage
Canadians who want TFSA/RRSP investing and forex/CFD trading with one Canadian firm
CMC Markets Canada
Forex & CFD broker
Traders who want the widest CFD and currency-pair range from a Canadian dealer
City Index: frequently asked questions
Is City Index regulated in Canada?
No. City Index is not registered with CIRO or any provincial or territorial securities regulator, although it holds licences elsewhere (United Kingdom, Australia, Singapore). Canadian protections such as CIPF coverage and OBSI complaint handling do not apply.
Can Canadians open an account with City Index?
No. At our last check City Index did not accept Canadian residents. Using a VPN or false address to get around this breaches the broker's terms and can put your funds at risk.
Does City Index offer MetaTrader?
Yes — City Index supports MT4, and you can also trade from TradingView.
Canadian trader reviews
Reviews are submitted by readers and moderated by our editors for relevance and abuse. They are opinions, not verified facts, and never affect our score.
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