City Index
Kraken
VS
Higher Rated
City Index
Capital at risk · T&Cs apply
City Index and Kraken cater to distinct trader profiles, primarily due to their differing market focuses and product offerings. City Index, with its extensive 40-year history and diverse market range, appeals to traders interested in CFDs, forex, and a variety of other financial instruments, making it ideal for those seeking comprehensive market exposure without real asset ownership. In contrast, Kraken is a leading choice for cryptocurrency enthusiasts, offering robust regulatory compliance and reliable fiat on/off ramps, although it entails higher fees and limited leverage options compared to more specialised derivatives platforms. While City Index provides a broader market reach, Kraken excels in the crypto domain, each serving unique trading needs.
City Index
Kraken
| City Index | Kraken | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.5 pips | 0.2 pips ✓ |
| Max Leverage | 1:200 ✓ | 1:5 |
| Regulation | FCA, ASIC, MAS ✓ | FCA, CFTC |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | Proprietary Web, Proprietary Mobile |
City Index is the better choice overall, scoring 4.1/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Kraken offers lower spreads (0.2 pips).
See full side-by-side comparison belowCity Index
WinnerKraken
City Index
Lower feesKraken
City Index
4.1/5
Choose City Index if you want…
Kraken
3.4/5
Choose Kraken if you want…
City Index scores higher overall on our independent rating system. City Index holds a 4.1/5 rating vs Kraken's 3.4/5. 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 Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
City Index requires a minimum deposit of $0. Kraken requires $0.
City Index is regulated by FCA, ASIC, MAS, while Kraken holds licences from FCA, CFTC.
City Index supports Proprietary Web, Proprietary Mobile, MT4. Kraken supports Proprietary Web, Proprietary Mobile.
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
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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.