FXCM
City Index
Our Rating
7.93
6.83
66% of retail investor accounts lose money when trading CFDs with this provider
71% of retail CFD accounts lose money

Regulations and Licenses

Feature
FXCM
City Index
ASIC (Australia)
FCA (UK)
MAS (Singapore)
FSCA (South Africa)
CYSEC (Cyprus)
CIRO / IIROC (Canada)

Brokerage

Feature
FXCM
City Index
EUR/USD Avg. Raw Spread
0.30
0.07
GBP/USD Avg. Raw Spread
0.90
0.011
AUD/USD Avg. Raw Spread
0.40
0.8
EUR/USD Standard Spread
1.3
0.70
EUR/USD Fixed Spreads
-
GBP/USD Avg. Standard Spread
1.4
1.1
AUD/USD Avg. Standard Spread
1.7
2.2
Commissions (USD Base)
$3.00
$2.50
Minimum Deposit
$300
$150
Swap Free Account
No Inactivity Fees
Funding Methods
8+
6+
No Funding Fees

Markets and Instruments

Feature
FXCM
City Index
Currency Pairs
42+
84+
Cryptocurrency CFDs*
7+
25+
Index CFDs
13+
21+
Share CFDs
15+
4500+
Commodities CFD
12+
46+
Stockbroking
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
200:1
400:1
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
200:1
400:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
200:1
400:1
Retail Max. Leverage (Canada)
Major Pairs: 50:1
Minor Pairs: 33:1
-
Retail Max. Leverage (Singapore)
-
Major Pairs 20:1
Minor Pairs 10:1
Pro. Max. Leverage (Singapore)
-
50:1
Retail Max. Leverage (South Africa)
Balance:
0-50k 400:1
50k+ 200:1
-
Retail Max. Leverage (With offshore regulators)
Balance:
0-50k 200:1
50k+ 200:1
-

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
FXCM
City Index
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

FXCM
City Index
Our Rating
7.93
6.83
 

FXCM vs City Index Markets – We We Say

FXCM outscored City Index 75/100 to 50/100 in our head-to-head forex broker comparison. FXCM edged ahead in most categories, notably with Standard account spreads and for platforms but City Index is still a worthy broker, being superior for RAW spreads, with both brokers having similar execution speeds.