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Is City Index safe or a scam broker?

City Index is a long-established brokerage brand founded in 1983 and headquartered in London. It is part of StoneX Group Inc., a publicly listed company on the NASDAQ (ticker: SNEX). The broker is regulated by top-tier authorities: the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS). Its official website is https://www.cityindex.com . As a subsidiary of a listed US financial services giant, City Index must adhere to strict regulatory frameworks, capital adequacy standards, and transparent financial reporting. Client funds are held in segregated accounts, and traders benefit from negative balance protection in the UK and EU. Independent reviews consistently classify City Index as a safe and trustworthy broker, not a scam. Its long history, multiple licenses, and publicly traded parent company give it a high credibility ranking among global brokers.