City Index
FXCM
VS
Higher Rated
City Index
Capital at risk · T&Cs apply
In the competitive world of online trading, City Index and FXCM stand out as prominent brokers, each catering to different types of traders. City Index, with a rating of 4.06/5 and over 40 years of experience, appeals to traders seeking a broad market range and strong research tools, making it ideal for those interested in CFDs and comprehensive market analysis. In contrast, FXCM, rated 3.66/5, attracts forex enthusiasts with its low spreads and robust educational resources, offering greater leverage and automated trading support, though its product range is more limited. The key difference lies in City Index’s extensive market offerings and no minimum deposit requirement, versus FXCM’s focus on forex trading with higher leverage options.
City Index
FXCM
| City Index | FXCM | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.7/5 |
| Min. Deposit | $0 ✓ | $50 |
| Spread from | 0.5 pips | 0.2 pips ✓ |
| Max Leverage | 1:200 | 1:400 ✓ |
| Regulation | FCA, ASIC, MAS ✓ | FCA, ASIC |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | MT4, Proprietary Web, Proprietary Mobile |
City Index is the better choice overall, scoring 4.1/5 vs 3.7/5 on BrokerRank's independent rating. On fees, FXCM offers lower spreads (0.2 pips).
See full side-by-side comparison belowCity Index
WinnerFXCM
City Index
FXCM
Lower fees
City Index
4.1/5
Choose City Index if you want…
FXCM
3.7/5
Choose FXCM if you want…
City Index scores higher overall on our independent rating system. City Index holds a 4.1/5 rating vs FXCM's 3.7/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
City Index offers spreads from 0.5 pips, while FXCM starts at 0.2 pips. Check the fees section above for a full breakdown.
City Index requires a minimum deposit of $0. FXCM requires $50.
City Index is regulated by FCA, ASIC, MAS, while FXCM holds licences from FCA, ASIC.
City Index supports Proprietary Web, Proprietary Mobile, MT4. FXCM supports MT4, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.