XM
City Index
Our Rating
55
66
73.57% of retail investor accounts lose money when trading CFDs with this provider.
71% of retail CFD accounts lose money

Regulations and Licenses

Feature
XM
City Index
ASIC (Australia)
FCA (UK)
CYSEC (Cyprus)
DFSA (Dubai)
IFSC (Belize)

Brokerage

Feature
XM
City Index
EUR/USD Avg. Raw Spread
0.10
0.07
GBP/USD Avg. Raw Spread
0.20
0.011
AUD/USD Avg. Raw Spread
0.40
0.8
EUR/USD Standard Spread
1.6
0.70
EUR/USD Fixed Spreads
-
-
GBP/USD Avg. Standard Spread
1.9
1.1
AUD/USD Avg. Standard Spread
1.6
2.2
Commissions (USD Base)
$3.50
$2.50
Minimum Deposit
$5-$100
$150
Swap Free Account
No Inactivity Fees
Funding Methods
13+
6+
No Funding Fees

Markets and Instruments

Feature
XM
City Index
Currency Pairs
57+
84+
Cryptocurrency CFDs*
-
25+
Index CFDs
18+ (Cash)
12+ (Futures)
21+
Share CFDs
1,144+
4500+
Commodities CFD
15+
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)
-
400:1
Retail Max. Leverage (United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (United Kingdom)
-
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)
-
400:1
Retail Max. Leverage (Singapore)
-
Major Pairs 20:1
Minor Pairs 10:1
Pro. Max. Leverage (Singapore)
-
50:1

*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
XM
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

XM
City Index
Our Rating
550
660
 

Our comprehensive comparison covers the 10 most important trading factors between XM and City Index. Here are five key differences:

  • City Index has lower spreads and fees compared to XM, making it more cost-effective for traders.
  • XM offers a better trading platform experience with the availability of cTrader, which City Index does not provide.
  • XM Trading offers a wider range of account types, including Micro, Standard, and XM Zero, compared to City Index’s Standard and Premium.
  • City Index provides a superior overall trading experience, with lower spreads and faster market order speeds.
  • City Index is regulated by the Financial Conduct Authority (FCA), offering stronger trust and regulation compared to XM’s regulation.