City Index

4.1(800)

FCA

Oanda

4.2(1500)

FCA/NFA

City Index vs Oanda

Head-to-Head Comparison 2026

Our Verdict

Oanda has a higher rating of 4.2/5 compared to City Index (4.1/5). The minimum deposit is lower at Oanda with 0 €. City Index has been in the market since 1983, making it the more experienced provider.

Comparison Table

Criteria	City Index	Oanda
Rating	4.1/5 (800 reviews)	4.2/5 (1500 reviews)✓
Regulation	FCA	FCA/NFA
Fees	Spreads from 0.5 pip on forex, no commission on standard account	Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing)
Min. Deposit	150 €	0 €
Instruments	CFDs, Forex, Indices, Commodities, Stocks CFDs, Crypto	Forex, CFDs, Indices, Commodities, Bonds, Metals
Platforms	City Index Web Trader, MT4, City Index App	OANDA Trade, MT4, MT5, TradingView
Options Trading	No, CFDs and spread betting	No, forex and CFD trading
Founded	1983	1996
Headquarters	London	New York

Detailed Comparison

Fee Comparison

City Index: Spreads from 0.5 pip on forex, no commission on standard account. Minimum deposit: 150 €.

Oanda: Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing). Minimum deposit: 0 €.

Product Range

City Index (6 categories)

CFDsForexIndicesCommoditiesStocks CFDsCrypto

Oanda (6 categories)

ForexCFDsIndicesCommoditiesBondsMetals

Trading Platforms

City Index

City Index Web Trader
MT4
City Index App

Oanda

OANDA Trade
MT4
MT5
TradingView

Regulation & Security

City Index is regulated by FCA (HQ: London).

Oanda is regulated by FCA/NFA (HQ: New York).

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

Oanda

Forex specialist with advanced technology since 1996

✓ No minimum deposit required

✓ Flexible lot sizes from 1 unit

✓ Advanced analysis tools

✗ Limited product range

✗ No stocks or ETFs

Frequently Asked Questions

Is City Index or Oanda cheaper?

City Index charges Spreads from 0.5 pip on forex, no commission on standard account. Oanda charges Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing). The minimum deposit is 150 € at City Index and 0 € at Oanda.

Which broker offers more products: City Index or Oanda?

City Index offers CFDs, Forex, Indices, Commodities, Stocks CFDs, Crypto. Oanda offers Forex, CFDs, Indices, Commodities, Bonds, Metals.

Which broker is better regulated?

City Index is regulated by FCA. Oanda is regulated by FCA/NFA.

Is City Index or Oanda better for beginners?

City Index has a minimum deposit of 150 € and offers City Index Web Trader, MT4, City Index App as platforms. Oanda has a minimum deposit of 0 € and offers OANDA Trade, MT4, MT5, TradingView. Oanda has the lower entry barrier.

City Index vs Oanda: Which broker is better overall?

The choice between City Index (4.1/5, 800 reviews) and Oanda (4.2/5, 1500 reviews) depends on your needs. City Index: Established CFD broker with over 40 years of market presence. Oanda: Forex specialist with advanced technology since 1996.

City Index

Established CFD broker with over 40 years of market presence

Open Account →

From 150 € min. deposit

Oanda

Forex specialist with advanced technology since 1996

Open Account →

From 0 € min. deposit

City Index read review →Oanda read review →