City Index vs Nexo 2026: Which Broker is Better?
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 | Nexo | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.5 pips | 0 pips ✓ |
| Max Leverage | 1:200 ✓ | 1:1 |
| Regulation | FCA, ASIC, MAS ✓ | FCA |
| 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, Nexo offers lower spreads (0 pips).
See full side-by-side comparison belowCity Index vs Nexo: Key Differences
City Index
WinnerNexo
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Fees Comparison
City Index
Nexo
Regulation & Trust
City Index holds licences from FCA, ASIC, MAS. Nexo is regulated by FCA.
Markets & Assets
City Index additionally covers Cfd, Forex, Stocks, Indices, Commodities. Nexo adds Crypto.
Fees & Spreads
On spreads, Nexo is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.5 pips at City Index.
Trading Platforms
City Index supports Proprietary Web, Proprietary Mobile, MT4. Nexo offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
City Index requires no minimum deposit, while Nexo sets no minimum deposit. This makes City Index accessible to traders with any budget.
Overall Ratings
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.
BrokerRank Verdict
Who Should Choose Which?
City Index
4.1/5
Choose City Index if you want…
- Higher overall rating (4.1/5)
- No per-trade commission
- Higher leverage (up to 1:200)
- More regulatory licences (3)
Nexo
3.4/5
Choose Nexo if you want…
- Tighter spreads (from 0 pips)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both City Index & Nexo are available in
Frequently Asked Questions
1Is City Index better than Nexo?
City Index scores higher overall on our independent rating system. City Index holds a 4.1/5 rating vs Nexo's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, City Index or Nexo?
City Index offers spreads from 0.5 pips, while Nexo starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for City Index vs Nexo?
City Index requires a minimum deposit of $0. Nexo requires $0.
4Which broker is safer, City Index or Nexo?
City Index is regulated by FCA, ASIC, MAS, while Nexo holds licences from FCA.
5What trading platforms do City Index and Nexo support?
City Index supports Proprietary Web, Proprietary Mobile, MT4. Nexo supports Proprietary Web, Proprietary Mobile.
6Can I use both City Index and Nexo?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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