Best City Index Alternatives

logomark Anthony Gallagher calendar Last Updated: November 2021 timer 4 min read
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City Index is a global forex and CFD broker founded in 1983. City Index is a well-regulated broker that provides its clients with access to over 12,000 markets including FX, indices, stocks, commodities, and cryptocurrencies.

You can say with confidence that the broker has been in business for 38 years and has significant financial backing from its publicly traded parent firm, Gain Capital.

You can learn more about the broker in our City Index review.

As a trader, you may have different requirements, and you want to take a deep dive before choosing your broker.

Therefore, you many look for City Index alternatives.

Here you can look at why we have chosen such brokers as an alternative to City Index:

City Index Alternatives Alternative for: Minimum Deposit
FXCM Fast order execution, Spread betting $50
Plus500 Total number of assets, Unlimited demo account $100
XTB Total number of assets, Unlimited demo account $0
eToro Real Crypto&Stock trading, Social-Copy trading $200
AvaTrade Fixed spreads, Spread Betting account $100
IG Markets Total number of assets, Unlimited demo account $250
XM Lower minimum deposit, Total number of assets $5
ActivTrades No register demo, Spread Betting $1000
CMC Markets Low spread, Total number of assets $0
IC Markets Low spreads, Scalping, Unlimited demo account $0

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Table of contents

City Index Low Spread Alternatives

Because each price fluctuation matters in trading, you want the smallest spreads possible. Spreads become more critical if you are a short-term trader, because anything can happen within seconds.

Checkout the top 10 lowest spread forex brokers.

Broker Minimum Deposit Avg. Spread EUR/USD
FXCM $50 ($300 for UK and EU traders) 0.2 pips
Plus500 $100 0.6 pips
XTB $0 0.9 pips
IG Markets $250 0.6 pips
XM $5 0.1 pips
CMC Markets $0 0.7 pips
IC Markets $0 0.1 pips

City Index Spread Betting Alternatives

Spread betting is a way of speculating on the price movement of multiple of global financial assets. City Index provides spread betting options for traders from the UK and Ireland.

You can also check our top 10 UK spread betting forex brokers list.

Broker Minimum Deposit Minimum Bet
FXCM $50 ($300 for UK and EU traders) 7p or 7 cents
AvaTrade $100 0.1 standard lots
IG Markets $250 N/A
ActivTrades $1000 10p per point
CMC Markets $0 N/A

City Index Minimum Deposit Alternatives

When trading with City Index, you have a minimum deposit of 100 USD, EUR, or GBP. Perhaps you might opt for low minimum deposit broker.

So, here are the top 10 low no minimum deposit brokers.

Broker Minimum Deposit Base Currencies
FXCM $50 USD, EUR, GBP
XTB $0 EUR, GBP, USD
XM $5 USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB
CMC Markets $0 GBP, EUR, USD, AUD, CAD, NOK, NZD, PLN, SEK, SGD
IC Markets $0 USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD

Choosing a City Index Alternative: main perks and characteristics

City Index is a great CFD and forex broker that is regulated by top-tier financial regulators such as the FCA in the United Kingdom.

City Index is a good choice for beginner and mid-level traders looking for high-quality research, solid education, dependable customer support, and a diverse assortment of economically priced markets. The GAIN relationship contributes significantly to trust, as does the broker’s 36-year history and London location.

Forex via MT4, CFDs, and spread bets are available, as are CFDs, spread bets, and options on indices, equities, commodities, metals, bonds, interest rates, and cryptocurrencies.

To top it off, the broker provides competitive spreads strating from 0.5 pips on EUR/USD.

If you are interexsted to know more, you can take a look at our City Index review.

What is City Index missing?

On the plus side, City Index charges minimal forex fees, has a simple account setup process, and offers high-quality research tools.

However, it does have significant downsides. The prices for stock CFDs are rather exorbitant, and the desktop platform lags behind its competitors.

You can check our list of top 10 best forex brokers in the world.

Here’s what City Index is missing:

City Index Alternatives Comparison

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Feature Minimum Deposit Proprietary Platform Fixed Spreads Execution Real assets
City Index $10 Yes Yes Market Maker Yes
FXCM $50 Yes No STP No
Plus500 $100 Yes No Market Maker No
XTB $0 Yes No Market Maker No
eToro $200 Yes No STP Yes
AvaTrade $100 Yes Yes Market Maker No
IG Markets $250 Yes No Market Maker No
XM $5 No No Market Maker No
ActivTrades $1000 Yes No Market Maker No
CMC Markets $0 Yes No DMA Yes (Australia only)
IC Markets $0 No No ECN No

City Index Alternatives FAQ

What is City Index’s best alternative?

FXCM is the best alternative to City Index. Down to specific matters, XM and IC Markets are best for low spreads, AvaTrade and CMC Markets are best for spread betting. Regarding minimum deposit, CMC Markets and IC Markets takes the lead.

Is City Index a good broker?

Yes, City Index is a reliable broker. It is highly regulated by some of the best respected bodies such as ASIC and FCA. Furthermore, your funds are securely held in segregated bank accounts so the broker won’t be able to use them in case of insolvency or bankruptcy.


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67% of retail CFD accounts lose money

About the Author

Anthony Gallagher

Broker Expert

Anthony is a financial journalist and business advisor with several years’ experience writing for some of the most well-known sites in the Forex world.

A trader turned industry writer, he is currently based in Shanghai with a finger on the pulse of Asia’s biggest markets.

He is a keen golfer with a very high handicap so when not helping you find the best broker for your needs, you may find him on the course or just as likely following any number of sports from the comfort of his sofa.


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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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