City Index vs FxPro 2026: Which Broker is Better?

Regulation & Safety

City Index is a well-established broker, founded in 1983, and is regulated by multiple prestigious bodies including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS). These regulatory bodies are known for their stringent compliance requirements, ensuring a high level of safety and transparency for traders. Additionally, being part of the StoneX Group, which is listed on NASDAQ, adds another layer of financial stability and credibility.

FxPro, established in 2006, also boasts strong regulatory credentials. It is regulated by the FCA in the UK, the Cyprus Securities and Exchange Commission (CySEC), and ASIC. FxPro offers negative balance protection, ensuring clients cannot lose more than their account balance, which is a significant safety feature. Both brokers are committed to protecting client funds, with City Index offering comprehensive fund protection through its global regulatory oversight, while FxPro provides similar assurances under its regulatory framework.

Fees & Spreads

City Index offers competitive spreads starting from 0.5 pips with no commissions on trades. The absence of a minimum deposit requirement allows for easy access to trading. However, traders should be aware of the inactivity fee, which may impact those who trade infrequently. With maximum leverage of 1:200, City Index provides a balanced risk-to-reward ratio suitable for various trading strategies.

FxPro, on the other hand, features spreads starting from 0.6 pips and also charges no commission on trades. However, the minimum deposit is set at $100, which might be a consideration for new traders. FxPro offers a maximum leverage of 1:500, appealing to those seeking higher leverage options. Overnight fees can apply, which traders should factor in for long-term positions. Although FxPro's spreads are slightly higher, its execution model and negative balance protection provide valuable benefits.

Trading Platforms

City Index provides a range of platforms including its proprietary Web and Mobile platforms, as well as the MetaTrader 4 (MT4). These platforms cater to various trading styles, offering comprehensive research tools from Refinitiv. FxPro supports both MT4 and the more advanced MetaTrader 5 (MT5), in addition to its proprietary Web and Mobile platforms. This variety ensures that both brokers can accommodate traders of all experience levels, though City Index's platforms may appear less modern compared to FxPro's offerings.

Who Should Choose City Index?

• Traders seeking a broker with over 40 years of industry experience
• Investors interested in a wide array of 13,500+ markets
• Clients looking for strong research tools from Refinitiv
• Traders who prefer no minimum deposit requirement

Who Should Choose FxPro?

• Traders who require access to both MT4 and MT5 platforms
• Clients looking for high leverage options up to 1:500
• Investors seeking negative balance protection
• Traders who prefer no dealing desk execution

Our Verdict

For beginners, City Index is the preferred choice due to its no minimum deposit policy and extensive research tools. Professional traders might favour FxPro for its higher leverage and advanced platform offerings. In terms of fees, City Index edges out slightly with lower starting spreads.