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City Index vs Forex.com: Comparison and Analysis

Trying to figure out whether to use City Index or Forex.com? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of City Index and Forex.com side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
70% of retail CFD accounts lose money
City Index review
Open Account
81% of retail investor accounts lose money
Forex.com review

Overall Ratings


Rated
78
Rated
81

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • City Index
  • Forex.com

Security 94
Security 95

Cost 58
Cost 69

Trading 77
Trading 75

Education 69
Education 82

Company Info


Foundation
1983
1999
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en
en, chi

Leverage


Non-EU Leverage ?
500:1
400:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
30:1
US Leverage ?
0
50:1
Canadian Leverage ?
0
50:1

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
393439
52385
SimilarWeb - Total Visits
Facebook Likes
10120
36211
Twitter Likes
12500
146200
Instagram Likes

Deposit and Withdrawal


Minimum Deposit ?
50 USD
100 USD
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Deposit Waiting Time ?
2-3 business days
1-2 business days
Withdraw Waiting Time ?
2-3 business days
1-2 business days
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
AUD, EUR, USD
EUR, GBP, USD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
0.4
Natural Gas ?
18.0
Silver ?
2.5
1.4
Platinum ?
2.4
Copper ?
4.0
Soybeans ?
1.0
Corn ?
0.8
Gold ?
0.5
0.45

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
0.8
1.3
USD/JPY Average Spread
0.8
1.5
USD/CHF Average Spread
2.3
1.9
GBP/USD Average Spread
1.8
2
USD/CAD Average Spread
2.6
2.0
AUD/USD Average Spread
0.9
1.6
NZD/USD Average Spread
2.8
3.2
EUR/GBP Average Spread
1.7
1.9

Fees on Stocks


Apple
0.04
0.01
Facebook
0.04
0.04
Alphabet
0.04
0.30
Snapchat
0.04
BP
Tesco
Barclays
Lloyds

Fees on Indices


FTSE100
1.00
1.3
S&P500
0.4
0.6
Dow Jones
1.6
Nasdaq
1.0
1.5
CAC40
1.0
1.5
DAX30
1.0
1.5
Nikkei 225
8.0
15.0
Euro Stoxx 50
2.0
2.3

Fees on Cryptocurrencies


Bitcoin
1
1
Ethereum
1.2
1.2
Ripple
0.6
60.0
Litecoin
0.5
0.5
Bitcoin Cash
2.0
2.0
Dash
0
0
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, ar, de, es, pol, chi
en, ar, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
84
80
Crypto ?
20
80
Commodities ?
26
12
Stocks ?
4500
220
Indices ?
21
18
ETF ?
1
Futures ?
45
1
Options ?
1
Bonds ?
12
1
Metal ?
5
5
Agricultural ?
15
3
Energies ?
9
2
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
1
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.001 lots
0.01 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
139
139
Number Chart Drawing Tools ?
25
22
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en
en, chi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

City Index vs Forex.com: A Comparison Summary

Choosing the right broker is crucial to success in trading, and comparing different brokers can help traders make informed decisions. In this comparison summary, we will compare City Index and Forex.com, two popular brokers, based on different aspects such as security, account opening, social-copy trading, markets, trading fees, platforms, education/customer care, and more.

Security

Both City Index and Forex.com are regulated by multiple regulatory bodies, such as FCA, ASIC, MAS, CySEC, JFSA, NFA, and CFTC, making them safe and trustworthy brokers. However, Forex.com has a slightly higher security rating (95) compared to City Index (94), which indicates a higher level of security and reliability.

Demo Account

City Index and Forex.com offer demo accounts with virtual funds for traders to practise their trading skills and strategies. The City Index demo account lasts for 12 weeks, and the virtual funds can be restored by contacting customer support. The Forex.com demo account lasts for 30 days and can also be restored by contacting customer support.

Account Opening

The minimum deposit to open an account with both brokers is $100. City Index offers multiple account types, such as MT4 account, standard account, CFD account, spread betting account, and professional account for experienced traders, and accepts more than 10 currencies for account funding, while Forex.com offers a wider range of account types, including standard account, MT4 and MT5 account, commission account, corporate account, DMA account, STP Pro account, Islamic account, and professional account for advanced traders. However, Forex.com charges a currency conversion fee for depositing with different currencies than USD, EUR, or GBP.

Social-Copy Trading

City Index and Forex.com do not offer social-copy trading, which allows traders to copy the trades of other successful traders automatically.

Markets

City Index offers a wide range of markets, including 84 forex pairs, 26 commodities, 21 indices, 20 crypto assets, and over 4500 stocks, making it a good choice for traders who want to diversify their portfolio. Forex.com offers a smaller selection of markets, including 80 forex pairs, 12 commodities, 18 indices, 80 crypto assets, and over 220 stocks, as well as one futures and options market. However, Forex.com’s focus is mostly on CFD trading, which is better suited for short-term trading and price speculation.

Trading Fees

Both brokers offer variable spreads, but City Index also offers fixed spreads during certain time periods or trading hours. City Index’s spreads start from 0.5 pips on forex, while Forex.com’s spreads start from 0.2 pips on forex, which is lower than the market average. However, the actual spreads may vary depending on the account type and the trader’s country of residence. Forex.com also offers fixed spreads on commodities.

Platforms

Both brokers offer the popular MetaTrader 4 (MT4) platform, which is available on desktop and mobile devices. Forex.com also offers the MetaTrader 5 (MT5) platform and its proprietary platform, which is available on web and mobile devices and offers over 130 charting, trading, and drawing tools. City Index, on the other hand, only offers the MT4 platform.

Education/Customer Care

Both brokers offer educational materials, such as webinars, video tutorials, educational articles, and market analysis, to help traders improve their trading skills and knowledge. They also offer customer support via email, phone, and live chat. However, City Index supports 5 languages, while Forex.com only offers English and Chinese.

Conclusion

Both City Index and Forex.com are reputable brokers with multiple regulatory licences, competitive trading fees, and a wide range of markets to trade. While City Index offers more account types and a longer demo account period, Forex.com has a higher security rating, lower spreads, and a proprietary platform with advanced tools. Ultimately, traders should consider their specific trading needs and preferences when choosing between the two brokers.

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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2FC Financial Srl
Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
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