XM vs City Index 2026: Which Broker is Better?
Compare XM and City Index side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
XM
City Index
| XM | City Index | |
|---|---|---|
| BrokerRank Score | 3.9/5 | 4.1/5 ✓ |
| Min. Deposit | $5 | $0 ✓ |
| Spread from | 0.6 pips | 0.5 pips ✓ |
| Max Leverage | 1:1000 ✓ | 1:200 |
| Regulation | CySEC, DFSA, FSC ✓ | FCA, ASIC, MAS |
| Platforms | MT4, MT5, Proprietary Mobile | Proprietary Web, Proprietary Mobile, MT4 |
City Index is the better choice overall, scoring 4.1/5 vs 3.9/5 on BrokerRank's independent rating. On fees, City Index offers lower spreads (0.5 pips).
See full side-by-side comparison belowXM vs City Index: Key Differences
XM
City Index
WinnerStill deciding between XM and City Index?
Skip the back-and-forth — answer 4 quick questions and we'll match you to your best fit.
Fees Comparison
XM
City Index
Lower feesBrokerRank Verdict
XM scores 3.85/5 while City Index scores 4.06/5 in our independent rating.
City Index edges ahead overall, but XM 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?
XM
3.9/5
Choose XM if you want…
- Higher leverage (up to 1:1000)
- More regulatory licences (5)
City Index
4.1/5
Choose City Index if you want…
- Higher overall rating (4.1/5)
- Tighter spreads (from 0.5 pips)
- No minimum deposit
- More established (est. 1983)
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 XM & City Index are available in
Frequently Asked Questions
1Is XM better than City Index?
City Index scores higher overall on our independent rating system. XM holds a 3.9/5 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.
2Which has lower fees, XM or City Index?
XM offers spreads from 0.6 pips, while City Index starts at 0.5 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for XM vs City Index?
XM requires a minimum deposit of $5. City Index requires $0.
4Which broker is safer, XM or City Index?
XM is regulated by CySEC, DFSA, FSC, FSCA, FSA, while City Index holds licences from FCA, ASIC, MAS.
5What trading platforms do XM and City Index support?
XM supports MT4, MT5, Proprietary Mobile. City Index supports Proprietary Web, Proprietary Mobile, MT4.
6Can I use both XM 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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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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