OANDA
City Index
VS
Compare
OANDA
Capital at risk · T&Cs apply
Choosing between OANDA and City Index depends on your trading style, preferred markets, and budget. OANDA is headquartered in New York, USA, while City Index operates from London, UK. City Index has the longer track record, established in 1983, compared to OANDA which was founded in 1996. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
OANDA
City Index
| OANDA | City Index | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 4.1/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.6 pips | 0.5 pips ✓ |
| Max Leverage | 1:50 | 1:200 ✓ |
| Regulation | FCA, CFTC, ASIC ✓ | FCA, ASIC, MAS |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, MT4 |
OANDA (4.1/5) and City Index (4.1/5) are closely matched. City Index has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowOANDA
City Index
OANDA
City Index
Lower feesOANDA holds licences from FCA, CFTC, ASIC. City Index is regulated by FCA, ASIC, MAS.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. City Index adds Stocks.
On spreads, City Index is more competitive with EUR/USD spreads from 0.5 pips, compared to 0.6 pips at OANDA.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. City Index offers Proprietary Web, Proprietary Mobile, MT4. Both brokers are available on MT4, Proprietary Web, Proprietary Mobile.
OANDA requires no minimum deposit, while City Index sets no minimum deposit. This makes OANDA accessible to traders with any budget.
BrokerRank scores OANDA at 4.09/5 and City Index at 4.06/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. OANDA leads overall with a marginal advantage.
OANDA
4.1/5
Choose OANDA if you want…
City Index
4.1/5
Choose City Index if you want…
OANDA (4.1/5) and City Index (4.1/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
OANDA offers spreads from 0.6 pips, while City Index starts at 0.5 pips. Check the fees section above for a full breakdown.
OANDA requires a minimum deposit of $0. City Index requires $0.
OANDA is regulated by FCA, CFTC, ASIC, MAS, while City Index holds licences from FCA, ASIC, MAS.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. City Index supports Proprietary Web, Proprietary Mobile, MT4.
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.