City Index
FCA
Oanda
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. On spreads, City Index offers EUR/USD from 0.5 pip (typical), while Oanda offers EUR/USD from 1.0 pip (Standard), 0.2 pip (Core) + commission.
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 |
| Spread (typical) | EUR/USD from 0.5 pip (typical) | EUR/USD from 1.0 pip (Standard), 0.2 pip (Core) + commission |
| Inactivity Fee | $15/month after 12 months of inactivity | $10/month after 12 months of inactivity |
| 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 €. Spread: EUR/USD from 0.5 pip (typical). Inactivity fee: $15/month after 12 months of inactivity.
Oanda: Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing). Minimum deposit: 0 €. Spread: EUR/USD from 1.0 pip (Standard), 0.2 pip (Core) + commission. Inactivity fee: $10/month after 12 months of inactivity.
Product Range
City Index (6 categories)
Oanda (6 categories)
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?
Which broker offers more products: City Index or Oanda?
Which broker is better regulated?
Is City Index or Oanda better for beginners?
City Index vs Oanda: Which broker is better overall?
How do spreads compare between City Index and Oanda?
Do City Index or Oanda charge an inactivity fee?
City Index
Established CFD broker with over 40 years of market presence
Open Account →From 150 € min. deposit