City Index
FxOpen
VS
Higher Rated
City Index
Capital at risk · T&Cs apply
In comparing City Index and FxOpen, traders will find distinct offerings suited to different needs. City Index, with its long-standing presence since 1983 and a wide range of over 13,500 markets, appeals to traders seeking comprehensive market access and robust research capabilities from Refinitiv, despite its focus on CFDs without real asset ownership. In contrast, FxOpen attracts traders looking for minimal entry barriers and advanced trading platforms like cTrader, offering ECN execution and tighter spreads in a more niche, forex-focused environment. Each broker caters to a unique trading audience, with City Index ideal for those valuing extensive market research and stability, while FxOpen is preferred by cost-conscious traders seeking high leverage and platform variety.
City Index
FxOpen
| City Index | FxOpen | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.7/5 |
| Min. Deposit | $0 ✓ | $1 |
| Spread from | 0.5 pips | 0 pips ✓ |
| Max Leverage | 1:200 | 1:500 ✓ |
| Regulation | FCA, ASIC, MAS ✓ | FCA, ASIC |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | MT4, MT5, cTrader |
City Index is the better choice overall, scoring 4.1/5 vs 3.7/5 on BrokerRank's independent rating. On fees, FxOpen offers lower spreads (0 pips).
See full side-by-side comparison belowCity Index
WinnerFxOpen
City Index
FxOpen
City Index
4.1/5
Choose City Index if you want…
FxOpen
3.7/5
Choose FxOpen if you want…
City Index scores higher overall on our independent rating system. City Index holds a 4.1/5 rating vs FxOpen'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 FxOpen starts at 0 pips. Check the fees section above for a full breakdown.
City Index requires a minimum deposit of $0. FxOpen requires $1.
City Index is regulated by FCA, ASIC, MAS, while FxOpen holds licences from FCA, ASIC.
City Index supports Proprietary Web, Proprietary Mobile, MT4. FxOpen supports MT4, MT5, cTrader.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
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.