City Index
Nexo
VS
Higher Rated
City Index
Capital at risk · T&Cs apply
Choosing between City Index and Nexo depends on your trading style, preferred markets, and budget. City Index is headquartered in London, UK. City Index has the longer track record, established in 1983, compared to Nexo which was founded in 2018. 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
Nexo
City Index is the better choice overall, scoring 4.1/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Nexo offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
City Index
4.1 vs 3.2
Lowest Fees
Nexo
0.5 vs 0 pips
Regulation
City Index
3 vs 1 licences
Min. Deposit
Tied
$0 vs $0
City Index
WinnerNexo
City Index
Nexo
City Index holds licences from FCA, ASIC, MAS. Nexo is regulated by FCA.
City Index additionally covers Cfd, Forex, Stocks, Indices, Commodities. Nexo adds Crypto.
On spreads, Nexo 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. Nexo offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
City Index requires no minimum deposit, while Nexo sets no minimum deposit. This makes City Index accessible to traders with any budget.
BrokerRank scores City Index at 4.06/5 and Nexo at 3.18/5, 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 Nexo'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 Nexo starts at 0 pips. Check the fees section above for a full breakdown.
City Index requires a minimum deposit of $0. Nexo requires $0.
City Index is regulated by FCA, ASIC, MAS, while Nexo holds licences from FCA.
City Index supports Proprietary Web, Proprietary Mobile, MT4. Nexo 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
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.