City Index vs FxPro: Which One Is Best?
Let’s take an in-depth look at the benefits and drawbacks of City Index and FxPro in this review. You will ultimately spot the differences between the two brokers, but the choice will depend on the trader’s needs and usage. One broker offers features that the other does not. Ultimately, the decision is yours
Our broker reviews are reader supported and we may receive payment when you click on a partner site. For more information, visit our About Us page.
Our comprehensive comparison of City Index and FxPro covers the 10 most important trading factors. Here are five key differences:
- City Index has lower spreads for most forex pairs, potentially making trading more cost-effective.
- City Index offers 24/7 customer service, giving it an advantage for round-the-clock assistance.
- FxPro offers a wider range of trading platforms, including cTrader, catering to diverse trading preferences.
- FxPro provides more account types, allowing traders to choose based on their platform preference.
- FxPro is regulated by five top-tier authorities, enhancing its trust and regulation credentials.
- Both City Index and FxPro offer fast execution speeds, multiple platform options, and good customer service.
1. Lowest Spreads And Fees – City Index
In this review, we will take a glimpse of what these two brokers, City Index and FxPro, has to offer for our traders. Let’s take a deep dive.
Spreads
The primary fee associated with a RAW account is the spread, which represents the difference between the bid and ask prices of any forex pair. Below are the eight most frequently traded currency pairs along with the average spreads offered by different brokers. A comparison between City Index and FxPro highlights that City Index generally offers lower spreads across major currency pairs, except for GBP/USD and USD/CAD.
| Standard Account | City Index Spreads | FxPro Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 1.3 | 1.6 | 1.6 |
| EUR/USD | 0.7 | 1.4 | 1.2 |
| USD/JPY | 0.6 | 1.4 | 1.4 |
| GBP/USD | 1.1 | 1.7 | 1.6 |
| AUD/USD | 2.2 | 1.9 | 1.5 |
| USD/CAD | 1.6 | 1.7 | 1.8 |
| EUR/GBP | 1.1 | 1.4 | 1.5 |
| EUR/JPY | 1.6 | 1.8 | 1.9 |
| AUD/JPY | 2.2 | 2.2 | 2.1 |
City Index provides highly competitive spreads, with values as low as 0.07 for EUR/USD and 0.01 for USD/JPY. This demonstrates City Index’s efficiency in offering low-cost trading options. In contrast, FxPro also delivers tight spreads, with EUR/USD and USD/JPY spreads as low as 0.09 and 0.02, respectively, showcasing its commitment to cost-effective trading solutions.
Commission Levels
A RAW account incurs a secondary fee in the form of a commission, which is predetermined and calculated based on trade volume. City Index charges a commission of $2.50 per side ($5.00 round turn), while FxPro’s commission is slightly higher at $3.50 per side ($7.00 round turn). This cheaper commission rate at City Index benefits traders by reducing overall trading costs, enabling them to retain more of their profits.
For RAW Account Spreads, City Index does not provide this option. However, FxPro offers raw spreads with an average of 0.47 pips for the EUR/USD pair, appealing to traders who prioritize raw spreads.
| USD | AUD | GBP | EUR | |
|---|---|---|---|---|
| City Index | $2.50 | $3.50 | N/A | N/A |
| FxPro | $3.50 | N/A | N/A | N/A |
When it comes to Forex Fees, both City Index and FxPro offer competitive pricing, but there are some differences to note. Try the City Index vs FxPro fee calculator below based on the most popular forex pairs and base currencies.
This fee calculator shows how reduced spreads affect trading. Choose your base currency, trade amount, and pair to view the cost.
Standard Account Fees
City Index’s lower spreads and commission rates result in lower trading fees compared to FxPro. Additionally, neither broker charges deposit or withdrawal fees, making fund management more cost-effective for traders. However, other fees, such as inactivity fees or overnight fees, may apply depending on the broker and account type. It’s always recommended to review the broker’s fee structure in detail.
City Index’s spreads are often lower than the industry average for most pairs, while FxPro’s spreads tend to be slightly higher. This suggests that City Index offers more competitive pricing in the industry. However, factors such as platform features, customer service, and execution speed should also be considered when selecting a forex broker, as cost alone doesn’t determine the overall trading experience.
|
Standard Account Spreads
|
|||||
|---|---|---|---|---|---|
|
0.70 | 2.20 | 1.10 | 1.10 | 0.60 |
|
1.32 | 1.95 | 1.37 | 1.70 | 1.40 |
|
1.10 | 1.20 | 1.50 | 1.40 | 1.40 |
|
1.13 | 1.01 | 1.71 | 1.66 | 1.12 |
|
1.20 | 0.90 | 1.50 | 1.80 | 1.80 |
|
1.20 | 1.40 | 1.50 | 1.60 | 1.50 |
|
1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
|
1.20 | 1.80 | 1.90 | 1.90 | 1.60 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2025
It’s important to note that the industry average spread is also a crucial benchmark. Interestingly, City Index’s spreads are lower than the industry average for most pairs, while FxPro’s spreads are slightly higher. This suggests that City Index offers competitive pricing in the industry.
But remember, cost isn’t everything. While a lower spread can reduce your trading costs, other factors such as platform features, customer service, and execution speed can also significantly impact your trading experience. So, it’s essential to consider these aspects when choosing a forex broker.
Our Trading Fees Verdict
City Index takes the lead in light of their lowest spreads and fees.
City Index ReviewVisit City Index
*Your capital is at risk ‘70% of retail CFD accounts lose money’
2. Better Trading Platform – FxPro
Both City Index and FxPro offer a variety of trading platforms to cater to different trading styles and preferences. These include MetaTrader 4 and 5, among others.
| Trading Platform | City Index | FxPro |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | No | Yes |
| cTrader | No | Yes |
| TradingView | Yes | No |
| Copy Trading | Yes | Yes |
| Proprietary Platform | Yes | Yes |
We have created a software questionnaire if you are unsure what platform best suits your trading style. Based on six simple questions, we can recommend the best trading software for your trading needs.
MetaTrader 4 and 5
Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the most popular trading platforms in the forex industry. These platforms are known for their advanced charting tools, customisable interface, and automated trading capabilities.
cTrader and TradingView
FxPro offers cTrader, a platform known for its intuitive interface and advanced order capabilities. City Index on the other hand, does not offer cTrader, but provides access to TradingView charts within its platform.
Social And Copy Trading
Fortunately, both City Index and FxPro offer built-in social or copy trading features, and both brokers also support third-party plugins that can enable these features.
VPS and Other Trading Tools
Both brokers offer Virtual Private Server (VPS) services for automated traders. Additionally, they provide a range of other trading tools, such as economic calendars, market news, and analysis tools.
Our Better Trading Platform Verdict
FxPro outperforms the challenger in this category due to their better trading platform.
*Your capital is at risk ‘75% of retail CFD accounts lose money’
3. Superior Accounts And Features – FxPro
City Index offers two main types of accounts:
- standard account.
- premium account.
The standard account is suitable for most traders, while the premium account offers additional benefits such as a dedicated account manager and priority service. This is a key aspect of account types.
FxPro offers four types of accounts:
- MT4.
- MT5.
- cTrader.
- FxPro Edge.
Each account type corresponds to a different trading platform, allowing traders to choose based on their platform preference.
| City Index | FxPro | |
|---|---|---|
| Standard Account | No | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | No | Yes |
| Active Traders | No | No |
| Spread Betting (UK) | Yes | Yes |
Our Superior Accounts and Features Verdict
FxPro excels in this field in light of their superior accounts and feature.
*Your capital is at risk ‘75% of retail CFD accounts lose money’
4. Best Trading Experience And Ease – A Tie
When it comes to trading experience and ease of use, both City Index and FxPro have their merits. City Index offers a user-friendly interface with its proprietary WebTrader platform, which is perfect for those who are new to trading. On the other hand, FxPro offers a variety of platforms, including MT4, MT5, and cTrader, catering to traders with different preferences and trading styles.
- City Index’s average execution speed is 0.05 seconds, which is quite impressive.
- FxPro boasts an even faster average execution speed of less than 0.01 seconds.
- City Index provides 24/7 customer service, giving it an edge for those who may need round-the-clock assistance.
- FxPro offers a wider range of trading platforms, making it more versatile for different trading strategies.
From our own testing, we didn’t find any broker that outshines the other in terms of trading experience and ease. Both offer fast execution speeds, multiple platform options, and good customer service.
| Limit Order Speed | Limit Order Global Rank | Market Order Speed | Market Order Global Rank | |
|---|---|---|---|---|
| City Index | 95ms | 12/36 | 131ms | 14/36 |
| FxPro | 151ms | 23/36 | 138ms | 16/36 |
Our Best Trading Experience and Ease Verdict
It’s a draw for both City Index and FxPro thanks to having the best trading experience and ease.
City Index ReviewVisit City Index
*Your capital is at risk ‘70% of retail CFD accounts lose money’
5. Stronger Trust And Regulation – FxPro
These feature is so vital in the world of forex trading. These special factors safeguards secure and transparent trading environment for traders.
FxPro Trust Score
City Index Trust Score
Trust and regulation are crucial factors when choosing a forex broker. Both City Index and FxPro are regulated by multiple top-tier authorities, ensuring a high level of investor protection. This is a key aspect of ASIC Regulated Brokers trust and regulation.
| City Index | FxPro | |
|---|---|---|
| Tier 1 Regulation | ASIC (Australia) FCA (UK) MAS (Singapore) | FCA (UK) CYSEC (Cyprus) |
| Tier 2 Regulation | ||
| Tier 3 Regulation | SCB (Bahamas) FSC-M (Mauritius) FSCA (South Africa) |
City Index is regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, and the Monetary Authority of Singapore (MAS).
FxPro, on the other hand, is regulated by the Cyprus Securities and Exchange Commission (CySEC), the FCA, the Financial Sector Conduct Authority (FSCA), the Securities Commission of The Bahamas (SCB), and the Financial Services Commission – Mauritius (FSC-M).
Our Stronger Trust and Regulation Verdict
FxPro tops this category by the reason of having stronger trust and regulation.
*Your capital is at risk ‘75% of retail CFD accounts lose money’
6. Top Product Range And CFD Markets – City Index
When it comes to product range and CFD markets, both City Index and FxPro have a lot to offer, but they do cater to different types of traders. City Index offers a staggering range of over 12,000 trading instruments, including forex, indices, shares, and commodities. This makes it a go-to for traders looking for a diverse portfolio. FxPro, while not as extensive, still offers a wide range of over 250 forex pairs and CFDs.
| CFDs | City Index | FxPro |
|---|---|---|
| Forex Pairs | 84 | 69 |
| Indices | 40+ | 18 |
| Commodities | 6 Metals 8 Energies 13 Softs | 8 Metals (3 x Gold) 3 Energies |
| Cryptocurrencies | 5+ | 28 |
| Shares | 4700+ | 2031 |
| ETFs | 4 | 18 (11 futures) |
| Bonds/Treasuries | 11 | No |
| Other Products(Options,Futures) | No | No |
From our own testing, we found that both brokers offer a wide range of products, but City Index takes the lead in terms of sheer volume and diversity. FxPro, however, does offer a more specialised range, particularly in forex and cryptos.
Our Top Product Range and CFD Markets Verdict
City Index ranks the highest as a consequence of their top product range and CFD markets.
City Index ReviewVisit City Index
*Your capital is at risk ‘70% of retail CFD accounts lose money’
7. Superior Educational Resources – City Index
When it comes to educational resources, both City Index and FxPro have invested in helping traders grow. City Index offers a comprehensive education section on its website, featuring webinars, articles, and tutorials. FxPro, on the other hand, provides a range of educational materials, including eBooks, webinars, and a glossary, but it’s not as extensive as City Index.
- City Index offers a wide range of webinars covering various trading topics.
- FxPro provides educational eBooks that are downloadable and easy to understand.
- City Index features a ‘Learn to Trade’ section, which is a step-by-step guide for beginners.
- FxPro offers a glossary that helps traders understand trading jargon.
- City Index provides articles and tutorials that are updated regularly.
- FxPro offers trading calculators that can help traders make informed decisions.
Based on our own testing, we found that City Index offers a more comprehensive set of educational resources, making it easier for traders to learn and grow.
Our Superior Educational Resources Verdict
City Index tops this section due to their superior educational resources.
City Index ReviewVisit City Index
*Your capital is at risk ‘70% of retail CFD accounts lose money’
8. Superior Customer Service – City Index
For a brokerage, having the best customer service and support is a feat. This feature is so crucial that as they equip traders with the knowledge and skills needed to make informed decisions. As they say, “To be forewarned is to be forearmed.”
Both City Index and FxPro offer comprehensive customer service, including live chat, phone support, and email. However, City Index stands out with its 24/7 customer service, while FxPro’s customer service is available 24/5.
| Feature | City Index | FxPro |
|---|---|---|
| Live Chat Support | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Support Hours | 24/5 | 9/5 |
| Multilingual Support | Yes | Yes |
Our Superior Customer Service Verdict
City Index tops this part due to their superior customer service.
City Index ReviewVisit City Index
*Your capital is at risk ‘70% of retail CFD accounts lose money’
9. Better Funding Options – FxPro
The success of a brokerage will always depend on traders choosing their services over others. Therefore, having more funding options is crucial due to the need for traders to access credit cards, bank transfers, e-wallets, or cryptocurrencies. Providing these options guarantees smooth and efficient financial transactions for traders.
When it comes to funding options, both City Index and FxPro offer a variety of methods to suit different trader needs. City Index provides standard options like credit/debit cards and bank transfers, but it also offers PayPal, which is a big plus for many traders. FxPro, on the other hand, offers a wider range of options, including Skrill and Neteller, in addition to the standard methods.
| Funding Option | City Index | FxPro |
|---|---|---|
| Credit Card | Yes | Yes |
| Debit Card | Yes | Yes |
| Bank Transfer | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
| Crypto | Yes | Yes |
| Rapid Pay | No | No |
| POLi / bPay | Yes | No |
| Klarna | No | No |
Based on our own testing, FxPro offers a more diverse set of funding options, making it easier for traders to fund their accounts in a way that suits them best.
Our Better Funding Options Verdict
FxPro secures the top spot here owing to having better funding options.
*Your capital is at risk ‘75% of retail CFD accounts lose money’
10. Lowest Minimum Deposit – City Index
Forex trading will be more accessible for traders especially if a brokerage offers lower minimum deposit. Having this feature allows trader to start trading with smaller initial investment, thus, reducing financial risk.
We can see here that City Index has a lower minimum deposit requirement of $0 compared to FxPro which requires a minimum deposit of $100.
It’s important to note that City Index’s minimum deposit depends on the funding method and the base currency (region) the trader opens the account with as shown in the table below.
| GBP | USD | EUR | AUD | |
|---|---|---|---|---|
| Credit Card / Debit Card | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $150 |
| Paypal | £50 Minimum Deposit | $50 Minimum Deposit | €50 Minimum Deposit | $150 |
| Bank Wire | £0 Minimum Deposit | $0 Minimum Deposit | €0 Minimum Deposit | $150 |
| Skrill | N/A | N/A | N/A | N/A |
FxPro’s minimum deposit is not dependent on the funding method or base currency and is set at $100 USD. The broker recommends a suitable starting deposit of $1,000 USD, but this is not mandatory.
Our Lower Minimum Deposit Verdict
City Index secures this spot due to their lowest minimum deposit.
City Index ReviewVisit City Index
*Your capital is at risk ‘70% of retail CFD accounts lose money’
Is FxPro or City Index The Best Broker?
City Index is the winner of 6 out of 10 broker categories making it the winner versus City Index. We determined that City Index has lower spreads and fees, a superior range of CFD markets, better educational resources, customer service and a lower minimum deposit.
| Categories | City Index | FxPro |
|---|---|---|
| Lowest Spreads And Fees | Yes | No |
| Better Trading Platform | No | Yes |
| Superior Accounts And Features | No | Yes |
| Best Trading Experience And Ease | Yes | Yes |
| Stronger Trust And Regulation | No | Yes |
| Top Product Range And CFD Markets | Yes | No |
| Superior Educational Resources | Yes | No |
| Superior Customer Service | Yes | No |
| Better Funding Options | No | Yes |
| Lower Minimum Deposit | Yes | No |
City Index: Best For Beginner Traders
We recommend those new to trading choose City Index as it has a lower minimum deposit, has customer support suitable for novice traders and improved educational resources.
FxPro: Best For Experienced Traders
For more advanced traders the superior trading platform and account features make FxPro the winner compared to City Index.
FAQs Comparing City Index Vs FxPro
Does FxPro or City Index Have Lower Costs?
It’s a tie between FxPro and City Index when it comes to lower costs. Both brokers offer competitive spreads and fees. For example, City Index has an average EUR/USD spread of 0.8 pips, while FxPro’s is 1.43 pips. For more details, you can explore these Lowest Commission Brokers.
Which Broker Is Better For MetaTrader 4?
FxPro is the superior choice for MetaTrader 4 users. The broker offers a variety of MT4-compatible accounts with advanced features. City Index doesn’t provide as much flexibility as MT4. For a comprehensive guide, you can read about the best MT4 brokers.
Which Broker Offers Social Trading?
Neither FxPro nor City Index offer social or copy trading options. Both brokers focus more on providing a range of trading platforms and tools rather than social trading features. If social trading is your interest, you might want to check out the best social trading platforms.
Does Either Broker Offer Spread Betting?
Yes, both FxPro and City Index offer spread betting options. City Index is particularly known for its spread betting services, especially in the UK. For those interested in spread betting, you can find more information on the best spread betting brokers in the UK.
What Broker is Superior For Australian Forex Traders?
In my opinion, City Index is the superior choice for Australian Forex traders. Both brokers are ASIC regulated, but City Index has a more extensive product range, including a wide array of CFD markets. If you’re an Australian trader, you might want to explore these Best Forex Brokers In Australia.
What Broker is Superior For UK Forex Traders?
From my perspective, FxPro is the better option for UK Forex traders. Both brokers are FCA regulated, but FxPro offers a more comprehensive range of trading platforms and lower fees. For UK traders looking for a reliable broker, you can check out these Best Forex Brokers In UK.
Article Sources
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
Other City Index and FxPro Broker Comparisons
Ask an Expert
Is FxPro a true ECN?
No, FXPro is not an ECN Broker