XM
City Index
VS
Higher Rated
City Index
Capital at risk · T&Cs apply
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
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 belowOverall Rating
City Index
3.9 vs 4.1
Lowest Fees
City Index
0.6 vs 0.5 pips
Regulation
Tied
3 vs 3 licences
Min. Deposit
City Index
$5 vs $0
XM
City Index
WinnerXM
City Index
Lower feesXM scores 3.92/5 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.
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.
XM offers spreads from 0.6 pips, while City Index starts at 0.5 pips. Check the fees section above for a full breakdown.
XM requires a minimum deposit of $5. City Index requires $0.
XM is regulated by CySEC, ASIC, FCA, while City Index holds licences from FCA, ASIC, MAS.
XM supports MT4, MT5, 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.
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.