The best alternatives to City Index are
- CMC Markets - Global CFD broker
- XTB - Global CFD broker
- Capital.com - Global CFD broker
- IG - Global CFD and forex broker
Let's see in a bit more detail how the City Index alternatives compare to City Index and each other:
| City Index | CMC Markets | XTB | Capital.com | IG | |
|---|---|---|---|---|---|
| Overall score | 4.4 stars | 4.4 stars | 4.8 stars | 4.6 stars | 4.6 stars |
| Fees score | 3.6 stars | 3.5 stars | 4.3 stars | 4.3 stars | 3.5 stars |
| Account opening score | 5.0 stars | 4.2 stars | 5.0 stars | 5.0 stars | 4.2 stars |
| Deposit and withdrawal score | 4.5 stars | 4.9 stars | 4.5 stars | 4.5 stars | 4.5 stars |
| Web platform score | 4.3 stars | 5.0 stars | 4.4 stars | 4.4 stars | 5.0 stars |
| Markets and products score | 2.3 stars | 2.5 stars | 3.9 stars | 2.5 stars | 4.7 stars |
|
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76% of retail CFD accounts lose money |
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76% of retail CFD accounts lose money |
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84% of retail CFD accounts lose money |
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76% of retail CFD accounts lose money |
Why are these brokers considered good alternatives to City Index? There are many areas based on which City Index can be compared with others. When we say a given online broker is a good alternative to City Index we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
City Index alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- City Index is recommended for forex and cfd traders looking for low forex fees and great research tools
- CMC Markets is recommended for forex and cfd traders looking for an advanced trading platform with many research tools
- XTB is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
- Capital.com is recommended for investors and cfd traders looking for a great trading platform and excellent customer service
- IG is recommended for traders of any experience level looking for an easy-to-use trading platform
Important factors of finding City Index alternatives
So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether City Index or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. City Index is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost City Index alternative.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At City Index this is not a problem as you can have it ready on the same day you registered.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at City Index, this might not be the case at its alternatives.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given City Index alternative is a must.
Now let's dive into the details of how City Index and its alternatives perform in the most important areas!
City Index alternatives
CMC Markets
CMC Markets is a global CFD and forex broker, founded in 1989. It is regulated by several authorities globally, including the top-tier UK Financial Conduct Authority (FCA). The company is also listed on the London Stock Exchange.
Having a long track record, being listed on a stock exchange and being regulated by top-tier authorities are great signs for CMC Markets' reliability.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders looking for an advanced trading platform with many research tools
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• High stock CFD fees
|
|
• Great web and mobile platforms
|
• Only CFDs are available
|
|
• Advanced research and educational tools
|
• Customer support only 24/5
|
Fees
CMC Markets has competitive forex and stock index CFD fees, and no fee is charged for deposits and most withdrawals. However, stock CFD fees are high.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• High stock CFD fees
|
|
• No withdrawal fee
|
|
| CMC Markets | City Index | |
|---|---|---|
| Apple benchmark fee | $22.9 | $22.7 |
| Vodafone benchmark fee | $23.4 | $25.2 |
| EURUSD benchmark fee | $15.4 | $13.8 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
The account opening process is fully digital and there's no minimum deposit.
| Pros | Cons |
|---|---|
|
• Fully digital
|
None |
|
• No minimum deposit
|
|
| CMC Markets | City Index | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in CMC Markets minimum deposit, this overview will help you.
Deposit and withdrawal
You can use multiple deposit/withdrawal options and CFD account base currencies. Withdrawals are mostly free, except for same-day or international bank withdrawals.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• £15 fee for international bank transfers
|
|
• No deposit fee
|
|
|
• Several account base currencies
|
|
| CMC Markets | City Index | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
CMC's 'Next Generation' platform has a clean and modern design, is highly customizable, and boasts an advanced order panel. Two-step authentication is available for login.
| Pros | Cons |
|---|---|
|
• Two-step (safer) login
|
None |
|
• Good customizability (for charts, workspace)
|
|
|
• Modern design
|
|
| CMC Markets | City Index | |
|---|---|---|
| Web platform score | 5.0 stars | 4.3 stars |
| Mobile platform score | 5.0 stars | 4.3 stars |
| Desktop platform score | 3.4 stars | 3.0 stars |
Learn more about CMC Markets's web trading platform in the detailed CMC Markets review.
Markets and products
CMC Markets offers an exceptionally wide selection of CFDs and forex pairs, but you can't trade other popular asset classes such as real stocks or ETFs (except for Australian clients).
| CMC Markets | City Index | |
|---|---|---|
| Stocks | No | No |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
CMC Markets is overseen by top-tier regulators and is one of the best CFD and forex brokers out there.
On the plus side, it has low forex fees, well-developed trading platforms, and terrific research and educational tools.
There are also a few drawbacks, though. Stock CFD fees are high, and the product selection covers only CFDs (forex, indices, commodities, shares, shares baskets, ETFs, rates, and bonds), meaning no real stocks or ETFs available (except for Australian clients).
Feel free to test CMC Markets's first-class trading platform, as it has great features and requires no minimum deposit to open an account.
| CMC Markets | |
|---|---|
| Summary | CMC Markets is a UK-based global CFD and forex broker, regulated by multiple top-tier authorities including the UK FCA. |
| Fees score | 3.5 stars |
| Recommended for | Forex and CFD traders looking for an advanced trading platform with many research tools |
City Index alternatives
XTB
XTB is a global CFD broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to regularly disclose its financials.
XTB is considered safe because it has a long track record, is listed on a stock exchange and publishes its financial statements transparently.
HEADS UP: Recent feedback about deposit and withdrawal – The details of depositing by wire transfer might be unclear for some of our users according to recent feedback we received. If you have problems, head to the 'Deposit and withdrawal' section of the review, where we explain how to make a free wire deposit to your XTB account under the section's 'Deposit and fees and options' heading.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
| Pros | Cons |
|---|---|
|
• Commission-free stocks/ETFs for some
|
• Product portfolio limited mostly to CFDs
|
|
• Free and fast deposit and withdrawal
|
• Inactivity fee charged
|
|
• Easy and fast account opening
|
|
Fees
XTB has low trading fees and average non-trading fees. In many cases there's no withdrawal fee, and some clients are eligible for free stock and ETF trading. However, there's an inactivity fee.
| Pros | Cons |
|---|---|
|
• Free stocks/ETFs up to €100k monthly volume
|
• Inactivity fee
|
|
• Most bank transfer withdrawals are free
|
|
| XTB | City Index | |
|---|---|---|
| Apple benchmark fee | $10.1 | $22.7 |
| Vodafone benchmark fee | $10.6 | $25.2 |
| EURUSD benchmark fee | $15.2 | $13.8 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day.
| Pros | Cons |
|---|---|
|
• Fast
|
None |
|
• Fully digital
|
|
|
• No minimum deposit
|
|
| XTB | City Index | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1 day | 1 day |
If you are interested more in XTB minimum deposit, this overview will help you.
Deposit and withdrawal
XTB deposits and withdrawals are fast and mostly free. You can do deposits/withdrawals through bank transfers, credit/debit cards, and electronic wallets.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Few minor account currencies accepted
|
|
• Deposits/withdrawals are mostly free
|
|
|
• E-wallets available
|
|
| XTB | City Index | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | Yes |
| Electronic wallets | No | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
XTB's xStation 5 platform is user-friendly, customizable and has a good search function. On the other hand, two-step login is not available.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• No two-step (safer) login
|
|
• Clear fee report
|
|
|
• Good search function
|
|
| XTB | City Index | |
|---|---|---|
| Web platform score | 4.4 stars | 4.3 stars |
| Mobile platform score | 4.4 stars | 4.3 stars |
| Desktop platform score | 4.4 stars | 3.0 stars |
Learn more about XTB's web trading platform in the detailed XTB review.
Markets and products
XTB's default selection includes only CFDs. Some European clients can also trade real stocks and ETFs. Popular assets like bonds, mutual funds, options or futures are not available.
| XTB | City Index | |
|---|---|---|
| Stocks | Yes | No |
| ETFs | Yes | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
XTB is a great CFD broker. It is regulated by several financial authorities globally, including the UK's FCA. The company is listed on the Warsaw Stock Exchange.
On the plus side, many European clients can enjoy commission-free stock and ETF trading up to a €100,000 monthly trade volume. We also liked that the deposit and withdrawal process is fast and mostly free. The account opening process is seamless, hassle-free and quick.
XTB has some drawbacks, though. The product range is mainly limited to CFDs, although real stock and ETF trading is available in some European countries. Lastly, there is an inactivity fee charged.
We recommend XTB for clients who prefer forex or CFD trading and also want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.
| XTB | |
|---|---|
| Summary | XTB is a trusted global CFD broker, listed on the Warsaw Stock Exchange. XTB is regulated by many financial authorities globally, including the top-tier FCA. |
| Fees score | 4.3 stars |
| Recommended for | Forex and CFD traders looking for low fees and great deposit/withdrawal service |
City Index alternatives
Capital.com
Capital.com is a global CFD broker founded in 2016. It has offices located in the United Kingdom, Cyprus, Australia, Seychelles and Gibraltar, where each is authorized and regulated locally by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority of Seychelles (FSA), respectively.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for investors and cfd traders looking for a great trading platform and excellent customer service
| Pros | Cons |
|---|---|
|
• Low forex CFD fees and commission-free real stocks
|
• Only CFD, real stock, and spread betting (for UK clients) available
|
|
• Great account opening experience
|
• Smaller account currencies not available
|
|
• Excellent email and chat support
|
• Missing price alert on the web platform
|
Fees
Forex , stock, and stock index CFD fees are low and some clients can trade real stocks for free. There are no inactivity or withdrawal fees neither.
| Pros | Cons |
|---|---|
|
• Low forex, stock, and stock index CFD fees
|
None |
|
• Commission-free real stocks (with tight spreads)
|
|
|
• No withdrawal or inactivity fee
|
|
| Capital.com | City Index | |
|---|---|---|
| Apple benchmark fee | $2.3 | $22.7 |
| Vodafone benchmark fee | $4.2 | $25.2 |
| EURUSD benchmark fee | $13.1 | $13.8 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Capital.com has one of the best account opening processes we've ever encountered: it is simple, quick, well-designed and intuitive. We are impressed.
| Pros | Cons |
|---|---|
|
• Fast
|
None |
|
• Fully digital
|
|
|
• Low minimum deposit ($20 for card)
|
|
| Capital.com | City Index | |
|---|---|---|
| Minimum deposit | $20 | $0 |
| Time to open account | 1 day | 1 day |
If you are interested more in Capital.com minimum deposit, this overview will help you.
Deposit and withdrawal
Deposits and withdrawals are free at Capital.com and many options are provided, including Apple Pay or PayPal. However, only five account base currencies are available.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Minor account currencies not available
|
|
• Free withdrawal
|
|
|
• No deposit fee
|
|
| Capital.com | City Index | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
Capital.com has an easy-to-use and well-designed web trading platform, with clear fee reports and a two-step login. However, the platform has limited customizability and lacks price alerts.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• Limited customizability (for charts, workspace)
|
|
• Clear fee report
|
• No price alerts
|
|
• Two-step (safer) login
|
|
| Capital.com | City Index | |
|---|---|---|
| Web platform score | 4.4 stars | 4.3 stars |
| Mobile platform score | 4.9 stars | 4.3 stars |
| Desktop platform score | 3.4 stars | 3.0 stars |
Learn more about Capital.com's web trading platform in the detailed Capital.com review.
Markets and products
Capital.com has an impressive selection of CFD products compared to other CFD brokers. However, it lacks popular asset types like exchange-listed futures and there is only a few real ETFs available.
| Capital.com | City Index | |
|---|---|---|
| Stocks | No | No |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Capital.com is a great CFD broker and has entities regulated by top-tier authorities such as the UK's FCA and ASIC in Australia.
On the plus side, forex CFD fees are low, the account opening is very user-friendly, and customer support is exceptional.
Among drawbacks, Capital.com offers only CFDs (equity, index, crypto - the latter not available to UK clients -, commodity, forex) and real stocks as tradable products. Only major currencies are supported as account base currencies and price alerts are not available on the web platform.
As there is no inactivity fee and the account opening is fast, feel free to try Capital.com.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.40% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| Capital.com | |
|---|---|
| Summary | Capital.com is a global CFD broker, regulated by the FCA, CySEC, FSA, and ASIC. |
| Fees score | 4.3 stars |
| Recommended for | Investors and CFD traders looking for a great trading platform and excellent customer service |
City Index alternatives
IG
IG, established in the UK in 1974, is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including top-tier regulators like the UK's Financial Conduct Authority (FCA) and Germany's Federal Financial Supervisory Authority (BaFin). IG Group is listed on the London Stock Exchange.
IG is considered safe because it is listed on a stock exchange, discloses its financials and is overseen by top-tier regulators.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.
Recommended for traders of any experience level looking for an easy-to-use trading platform
| Pros | Cons |
|---|---|
|
• First-class web trading platform
|
• High stock CFD fees
|
|
• Superb educational tools
|
• Limited product portfolio
|
|
• Great deposit and withdrawal options
|
• Slow customer support
|
Fees
IG has low non-trading fees. Withdrawals are free of charge and the inactivity fee is charged only after 2 years. On the negative side, stock CFD fees are high.
| Pros | Cons |
|---|---|
|
• No withdrawal fee
|
• High financing rate
|
|
• Inactivity fee charged only after 2 years
|
• High stock CFD trading fees
|
| IG | City Index | |
|---|---|---|
| Apple benchmark fee | $32.7 | $22.7 |
| Vodafone benchmark fee | $25.2 | $25.2 |
| EURUSD benchmark fee | $17.4 | $13.8 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
IG's account opening is seamless and fully digital. There is no minimum deposit for bank transfers and a low, $/€300 minimum deposit for credit/debit cards and PayPal. On the other hand, account verification takes around 3 business days, which is slower than at some other brokers.
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Slower account opening
|
|
• Low minimum deposit
|
|
|
• No minimum deposit for bank transfer
|
|
| IG | City Index | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in IG minimum deposit, this overview will help you.
Deposit and withdrawal
IG offers free and fast deposit and withdrawal options. There are various options for funding your account, including traditional methods such as wire transfer and credit card funding, as well as PayPal.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
None |
|
• Free withdrawal
|
|
|
• No deposit fee
|
|
| IG | City Index | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | No | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
IG's web trading platform is great for both beginners and professional traders. It is easy to use, has all the necessary functions and can be customized.
| Pros | Cons |
|---|---|
|
• User-friendly
|
None |
|
• Clear fee report
|
|
|
• Two-step (safer) login
|
|
| IG | City Index | |
|---|---|---|
| Web platform score | 5.0 stars | 4.3 stars |
| Mobile platform score | 5.0 stars | 4.3 stars |
| Desktop platform score | - | 3.0 stars |
Learn more about IG's web trading platform in the detailed IG review.
Markets and products
At IG, most clients can only trade CFDs, forex and options. There are literally thousands of CFDs available to trade. Residents of the UK and some other countries can also trade real stocks. However, other popular assets like mutual funds and bonds are not available.
| IG | City Index | |
|---|---|---|
| Stocks | Yes | No |
| ETFs | Yes | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | Yes | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | No | Yes |
Verdict
IG is one of the biggest and most reliable CFD brokers worldwide. It is regulated by several financial authorities around the world and IG Group is listed on the London Stock Exchange.
IG has one of the best web trading platforms BrokerChooser has tested. The deposit and withdrawal conditions are great. You can also expand your knowledge with great educational materials.
On the other hand, forex and stock CFD fees are high and the product portfolio in most countries is limited to forex, CFDs and options. Customer support could be better.
Feel free to test IG's first-class trading platform since there is no minimum funding amount and you can also easily open a demo account.
| IG | |
|---|---|
| Summary | IG is a CFD and forex broker. It is listed on the London Stock Exchange and regulated by several authorities globally, including the top-tier FCA. |
| Fees score | 3.5 stars |
| Recommended for | Traders of any experience level looking for an easy-to-use trading platform |
City Index alternatives
City Index
City Index is a global CFD and FX broker founded in 1983. City Index is the trading brand of StoneX Financial Ltd., whose parent company StoneX Group Inc. is listed on the NASDAQ Stock Exchange. The company is regulated by top-tier financial authorities, such as the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore (MAS).
City Index is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders looking for low forex fees and great research tools
| Pros | Cons |
|---|---|
|
• Low fees for forex
|
• Product portfolio limited to forex and CFDs
|
|
• Fast and smooth account opening
|
• High stock CFD fees
|
|
• Diverse research tools
|
• Non-user-friendly desktop platform
|
Fees
City Index has low fees for forex trading and there is no withdrawal fee. On the other hand, stock CFD fees are high and an inactivity fee kicks in after one year.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Inactivity fee
|
|
• No withdrawal fee
|
• High stock CFD fees
|
| City Index | CMC Markets | XTB | Capital.com | IG | |
|---|---|---|---|---|---|
| S&P 500 index CFD fee | $2.6 | $2.9 | $4.0 | $2.5 | $2.6 |
| Europe 50 index CFD fee | $2.5 | $2.6 | $3.3 | $4.3 | $2.3 |
| EURUSD benchmark fee | $13.8 | $15.4 | $15.2 | $13.1 | $17.4 |
| GBPUSD benchmark fee | $8.8 | $10.3 | $10.7 | $7.8 | $12.4 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stock and $20k for FX
Account opening
City Index's account opening process is fully digital and there is no minimum deposit. It took one day for us to get the account approved.
| Pros | Cons |
|---|---|
|
• Fast
|
None |
|
• Fully digital
|
|
|
• No minimum deposit
|
|
| City Index | CMC Markets | XTB | Capital.com | IG | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $20 | $0 |
| Time to open account | 1 day | 1-3 days | 1 day | 1 day | 1-3 days |
Learn more about City Index minimum deposit here.
Deposit and withdrawal
City Index provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Problem with credit card withdrawal
|
|
• Free withdrawal
|
|
|
• No deposit fee
|
|
| City Index | CMC Markets | XTB | Capital.com | IG | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | No | Yes | Yes |
| Electronic wallets | Yes | Yes | No | Yes | No |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
Web trading platform
City Index's web trading platform is user-friendly and extremely customizable, with lots of order types. On the negative side, there is no two-step login.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• No two-step (safer) login
|
|
• Good customizability (for charts, workspace)
|
|
|
• Good variety of order types
|
|
| City Index | CMC Markets | XTB | Capital.com | IG | |
|---|---|---|---|---|---|
| Web platform score | 4.3 stars | 5.0 stars | 4.4 stars | 4.4 stars | 5.0 stars |
| Mobile platform score | 4.3 stars | 5.0 stars | 4.4 stars | 4.9 stars | 5.0 stars |
| Desktop platform score | 3.0 stars | 3.4 stars | 4.4 stars | 3.4 stars | - |
Learn more about City Index's web trading platform in the detailed City Index review.
Markets and products
At City Index, you can only trade CFDs, forex and cryptos. Other popular asset classes, like real stocks or funds, are not available.
| City Index | CMC Markets | XTB | Capital.com | IG | |
|---|---|---|---|---|---|
| Stocks | No | No | Yes | No | Yes |
| ETFs | No | No | Yes | No | Yes |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Funds | No | No | No | No | No |
| Bonds | No | No | No | No | No |
| Options | No | No | No | No | Yes |
| Futures | No | No | No | No | No |
| CFDs | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes | No |
Verdict
City Index is a great CFD and forex broker, regulated by top-tier financial authorities such as the UK's FCA.
On the positive side, it has low forex fees, a smooth account opening process and high-quality research tools.
It has some drawbacks though. The product portfolio is limited, stock CFD fees are quite high and the desktop platform lags behind its competitors.
As there is no required minimum balance, no withdrawal fee, and an inactivity fee only kicks in after one year, feel free to try City Index.
Below you can find links to all aspects of City Index in this comprehensive collection.
| City Index | |
|---|---|
| Summary | City Index is a global CFD broker, regulated by many financial authorities including the top-tier UK FCA. Its parent company, StoneX Group Inc. is listed on the NASDAQ Stock Exchange. |
| Fees score | 3.6 stars |
| Recommended for | Forex and CFD traders looking for low forex fees and great research tools |
City Index alternatives
Bottom line
Based on our analysis, there are several good alternatives to City Index. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| City Index | Global CFD and forex broker | Forex and CFD traders looking for low forex fees and great research tools |
| CMC Markets | Global CFD broker | Forex and CFD traders looking for an advanced trading platform with many research tools |
| XTB | Global CFD broker | Forex and CFD traders looking for low fees and great deposit/withdrawal service |
| Capital.com | Global CFD broker | Investors and CFD traders looking for a great trading platform and excellent customer service |
| IG | Global CFD and forex broker | Traders of any experience level looking for an easy-to-use trading platform |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
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