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Side-by-Side Comparison Independent Updated Oct 23, 2026

FXCM vs City Index 2026: Which Broker is Better?

Compare FXCM and City Index side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.

FXCM

City Index

VS
FXCMCity Index
BrokerRank Score3.7/54.1/5 ✓
Min. Deposit$50$0 ✓
Spread from0.2 pips ✓0.5 pips
Max Leverage1:400 ✓1:200
RegulationFCA, ASICFCA, ASIC, MAS ✓
PlatformsMT4, Proprietary Web, Proprietary MobileProprietary Web, Proprietary Mobile, MT4
Quick VerdictBrokerRank recommends
Best for Beginners
City IndexFXCM
Best for Low Fees
FXCMCity Index
Best for Regulation
City IndexFXCM
Best Overall
City IndexFXCM
Quick Answer

City Index is the better choice overall, scoring 4.1/5 vs 3.7/5 on BrokerRank's independent rating. On fees, FXCM offers lower spreads (0.2 pips).

See full side-by-side comparison below

FXCM vs City Index: Key Differences

Feature

FXCM

City Index

Winner
Our Rating
3.7 / 5
4.1 / 5
Min. Deposit
$50
$0
Max Leverage
Spread From
0.2 pips
0.5 pips
Commission
None
None
Regulated By
Platforms
MT4, Proprietary Web, Proprietary Mobile
Proprietary Web, Proprietary Mobile, MT4
Markets
Forex, Cfd, Indices, Commodities
Cfd, Forex, Stocks, Indices, Commodities
Founded
1999
1983
Headquarters
London, UK
London, UK
Score
1 / 4
3 / 4

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Fees Comparison

Fee

FXCM

Lower fees

City Index

Spread From
0.2 pips
0.5 pips
Commission
None
None
Deposit Fee
None
None
Withdrawal Fee
None
None

BrokerRank Verdict

FXCM scores 3.66/5 while City Index scores 4.06/5 in our independent rating.

City Index edges ahead overall, but FXCM may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.

Who Should Choose Which?

FXCM

FXCM

3.7/5

Choose FXCM if you want…

  • Tighter spreads (from 0.2 pips)
  • Higher leverage (up to 1:400)
City Index

City Index

4.1/5

Top pick

Choose City Index if you want…

  • Higher overall rating (4.1/5)
  • No minimum deposit
  • More regulatory licences (3)
  • More market types (5)

Also consider

View all rankings

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.

#1ForTrade logo
ForTrade
4.3
FCA
Visit
#2FxPro logo
FxPro
4.1
FCA
Visit
#3AvaTrade logo
AvaTrade
4.0
MAS
Visit
#4Plus500 logo
Plus500
4.0
MAS
Visit

80% of retail CFD accounts lose money.

#6XM logo
XM
3.9
Visit

Both FXCM & City Index are available in

Frequently Asked Questions

1

Is FXCM better than City Index?

City Index scores higher overall on our independent rating system. FXCM holds a 3.7/5 rating vs City Index's 4.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.

2

Which has lower fees, FXCM or City Index?

FXCM offers spreads from 0.2 pips, while City Index starts at 0.5 pips. Check the fees section above for a full breakdown.

3

What is the minimum deposit for FXCM vs City Index?

FXCM requires a minimum deposit of $50. City Index requires $0.

4

Which broker is safer, FXCM or City Index?

FXCM is regulated by FCA, ASIC, while City Index holds licences from FCA, ASIC, MAS.

5

What trading platforms do FXCM and City Index support?

FXCM supports MT4, Proprietary Web, Proprietary Mobile. City Index supports Proprietary Web, Proprietary Mobile, MT4.

6

Can I use both FXCM and City Index?

Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.

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