City Index
mBank
VS
Higher Rated
City Index
Capital at risk · T&Cs apply
Choosing between City Index and mBank depends on your trading style, preferred markets, and budget. City Index is headquartered in London, UK, while mBank operates from Warsaw, Poland. City Index has the longer track record, established in 1983, compared to mBank which was founded in 2000. 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
mBank
City Index is the better choice overall, scoring 4.1/5 vs 3.3/5 on BrokerRank's independent rating. On fees, mBank offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
City Index
4.1 vs 3.3
Lowest Fees
mBank
0.5 vs 0 pips
Regulation
City Index
3 vs 1 licences
Min. Deposit
Tied
$0 vs $0
City Index
WinnermBank
City Index
mBank
City Index holds licences from FCA, ASIC, MAS. mBank is regulated by KNF.
Both brokers offer access to Cfd, Forex, Stocks, Indices markets. City Index additionally covers Commodities. mBank adds Etf.
On spreads, mBank 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. mBank offers Proprietary Web, Proprietary Mobile, mBank Trader. Both brokers are available on Proprietary Web, Proprietary Mobile.
City Index requires no minimum deposit, while mBank sets no minimum deposit. This makes City Index accessible to traders with any budget.
BrokerRank scores City Index at 4.06/5 and mBank at 3.27/5, 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 mBank's 3.3/5. 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 mBank starts at 0 pips. Check the fees section above for a full breakdown.
City Index requires a minimum deposit of $0. mBank requires $0.
City Index is regulated by FCA, ASIC, MAS, while mBank holds licences from KNF.
City Index supports Proprietary Web, Proprietary Mobile, MT4. mBank supports Proprietary Web, Proprietary Mobile, mBank Trader.
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.