Our Verdict
City Index has a higher rating of 4.1/5 compared to FXCM (4/5). City Index offers 6 instrument types, while FXCM offers 5. The minimum deposit is lower at FXCM with 50 €. City Index has been in the market since 1983, making it the more experienced provider. On spreads, City Index offers EUR/USD from 0.5 pip (typical), while FXCM offers EUR/USD from 1.3 pip (Standard), 0.2 pip (Active Trader) + commission.
Comparison Table
| Criteria | City Index | FXCM |
|---|---|---|
| Rating | 4.1/5 (800 reviews)✓ | 4/5 (980 reviews) |
| Regulation | FCA | FCA |
| Fees | Spreads from 0.5 pip on forex, no commission on standard account | Spreads from 0.2 pip on Active Trader, from 1.3 pip Standard |
| Min. Deposit | 150 € | 50 € |
| Instruments | CFDs, Forex, Indices, Commodities, Stocks CFDs, Crypto | Forex, CFDs, Indices, Commodities, Crypto |
| Platforms | City Index Web Trader, MT4, City Index App | Trading Station, MT4, TradingView, FXCM API |
| Options Trading | No, CFDs and spread betting | No, forex and CFD trading |
| Spread (typical) | EUR/USD from 0.5 pip (typical) | EUR/USD from 1.3 pip (Standard), 0.2 pip (Active Trader) + commission |
| Inactivity Fee | $15/month after 12 months of inactivity | $50/year after 12 months of inactivity |
| Founded | 1983 | 1999 |
| Headquarters | London | London |
Detailed Comparison
Fee Comparison
City Index: Spreads from 0.5 pip on forex, no commission on standard account. Minimum deposit: 150 €. Spread: EUR/USD from 0.5 pip (typical). Inactivity fee: $15/month after 12 months of inactivity.
FXCM: Spreads from 0.2 pip on Active Trader, from 1.3 pip Standard. Minimum deposit: 50 €. Spread: EUR/USD from 1.3 pip (Standard), 0.2 pip (Active Trader) + commission. Inactivity fee: $50/year after 12 months of inactivity.
Product Range
City Index (6 categories)
FXCM (5 categories)
Trading Platforms
City Index
- City Index Web Trader
- MT4
- City Index App
FXCM
- Trading Station
- MT4
- TradingView
- FXCM API
Regulation & Security
City Index is regulated by FCA (HQ: London).
FXCM is regulated by FCA (HQ: London).
Who Is It For?
City Index
Established CFD broker with over 40 years of market presence
✓ Long-standing experience since 1983
✓ Tight spreads from 0.5 pip
✓ FCA-regulated
✗ No BaFin regulation
✗ Minimum deposit €150
FXCM
Established forex broker with Trading Station and API access
✓ Proprietary Trading Station platform
✓ API access for algorithmic trading
✓ Low minimum deposit
✗ Limited product range
✗ No BaFin regulation
Frequently Asked Questions
Is City Index or FXCM cheaper?
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City Index vs FXCM: Which broker is better overall?
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Do City Index or FXCM charge an inactivity fee?
City Index
Established CFD broker with over 40 years of market presence
Open Account →From 150 € min. deposit
FXCM
Established forex broker with Trading Station and API access
Open Account →From 50 € min. deposit