City Index
M1 Finance
VS
Higher Rated
City Index
Capital at risk · T&Cs apply
Choosing between City Index and M1 Finance depends on your trading style, preferred markets, and budget. City Index is headquartered in London, UK, while M1 Finance operates from Chicago, USA. City Index has the longer track record, established in 1983, compared to M1 Finance which was founded in 2015. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
City Index
M1 Finance
City Index is the better choice overall, scoring 4.1/5 vs 3.2/5 on BrokerRank's independent rating. On fees, M1 Finance offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
City Index
4.1 vs 3.2
Lowest Fees
M1 Finance
0.5 vs 0 pips
Regulation
City Index
3 vs 1 licences
Min. Deposit
City Index
$0 vs $100
City Index
WinnerM1 Finance
City Index
M1 Finance
Lower feesCity Index holds licences from FCA, ASIC, MAS. M1 Finance is regulated by SEC.
Both brokers offer access to Stocks, Indices markets. City Index additionally covers Cfd, Forex, Commodities.
On spreads, M1 Finance is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.5 pips at City Index.
City Index supports Proprietary Web, Proprietary Mobile, MT4. M1 Finance offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
City Index requires no minimum deposit, while M1 Finance sets a minimum deposit of $100. This makes City Index accessible to traders with any budget.
BrokerRank scores City Index at 4.06/5 and M1 Finance at 3.20/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. City Index leads overall with a clear advantage.
City Index scores higher overall on our independent rating system. City Index holds a 4.1/5 rating vs M1 Finance's 3.2/5. 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 M1 Finance starts at 0 pips. Check the fees section above for a full breakdown.
City Index requires a minimum deposit of $0. M1 Finance requires $100.
City Index is regulated by FCA, ASIC, MAS, while M1 Finance holds licences from SEC.
City Index supports Proprietary Web, Proprietary Mobile, MT4. M1 Finance 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.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.