Written by ForexBrokers.com
In this head to head comparison of City Index vs FXGT.com, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
City Index and FXGT.com are both online brokerage firms, each with distinct credentials when it comes to trust and regulation. Established in 1983, City Index is a well-established entity that is publicly traded and holds seven Tier-1 licenses, earning it a Trust Score of 99 out of 99 from ForexBrokers.com. This signifies City Index as a highly trusted choice in the trading community.
In contrast, FXGT.com, founded in 2019, is a newer player in the market and is not publicly listed. FXGT.com holds one Tier-1 license and one Tier-2 license, leading to a Trust Score of 69, indicating a higher risk. Neither of these companies operates as a bank, yet their regulatory standings and market presence differ significantly, making City Index the more trusted option based on these parameters.
| Feature |
City Index
|
FXGT.com
|
|---|---|---|
| Year Founded | 1983 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing City Index and FXGT.com in terms of commissions and fees, City Index stands out with its competitive pricing for CFDs, forex, and spread-betting products, which align with industry averages. Using City Index's proprietary platforms or MetaTrader can provide the best pricing benefits. They offer a Premium Trader account for active traders depositing over £10,000, providing exclusive perks like special pricing and dedicated service. City Index also offers rebates for U.K. and Australian professional traders, catering to high-volume trading, which can further reduce costs.
FXGT.com does not provide specific average spread data, which makes direct comparisons to City Index's fees more challenging. While FXGT.com offers services in the same trading categories, the lack of transparency regarding their spreads might make them less appealing for cost-conscious traders seeking detailed cost estimates.
City Index is rated at an impressive 4.5 stars for its commissions and fees, earning it a rank of #14 out of 62 brokers on ForexBrokers.com. In contrast, FXGT.com receives a 3.5-star rating and is ranked at #55 in the same category. This difference highlights City Index as a more favorable option for traders who prioritize clarity and competitiveness in trading costs.
| Feature |
City Index
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | £100.00 | $5 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.74 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing City Index and FXGT.com in terms of the range of investment options, City Index stands out with a significantly higher number of tradable symbols, offering 13,500 compared to FXGT.com's 117. Both brokers provide forex trading as CFDs, and while City Index offers 66 tradable forex pairs, FXGT.com provides 53. However, neither broker allows clients to purchase exchange-traded securities from U.S. or international exchanges, such as Apple or Vodafone shares, directly. Both platforms do enable copy trading and allow for trading in cryptocurrency derivatives, though they do not offer the purchase of real cryptocurrencies.
City Index earns a higher rating of 5 stars for its range of investments, while FXGT.com receives 3 stars. This distinction is further reflected in their rankings by ForexBrokers.com, where City Index holds the 8th position out of 62 brokers, whereas FXGT.com is ranked 60th. Therefore, for traders seeking a broader range of investment options, City Index appears to offer a more comprehensive selection.
| Feature |
City Index
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 117 |
| Forex Pairs (Total) | 66 | 53 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
City Index and FXGT.com both provide traders with the opportunity to experience trading risk-free through free virtual demo accounts. While City Index has developed its own proprietary platform, FXGT.com opts to use established third-party platforms. Both brokers offer a wide range of options for trading, including Windows-based desktop software and web-based platforms. For those interested in copy trading, both brokers support this feature, as well as the popular MetaTrader 4. However, FXGT.com also offers MetaTrader 5, which City Index does not.
When it comes to charting tools, City Index offers a more extensive collection with 239 drawing options compared to FXGT.com's 23. Additionally, City Index provides 11 customizable fields for watchlists, double the 5 fields available with FXGT.com. Trading directly from stock charts is possible with both brokers, enhancing the trading experience. In terms of ratings, City Index takes the lead with a 4.5-star score for their trading platforms and tools, ranked 10th out of 62 brokers by ForexBrokers.com, whereas FXGT.com earns a 4-star rating and ranks 56th.
| Feature |
City Index
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 37 |
| Charting - Drawing Tools (Total) | 239 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
City Index and FXGT.com both offer comprehensive mobile trading apps, available for both iPhone and Android users. Each app provides essential features, such as stock or forex price alerts and watchlist symbol syncing, which updates your watchlists across devices. They also both allow you to draw trendlines on charts and view various time frames, including daily, weekly, and intraday. Additionally, any drawings you make on your stock or forex charts are automatically saved, enhancing the user experience. Creating watchlists with real-time quotes is a breeze on both platforms, making them highly functional for traders on the go.
When it comes to technical studies available for charting, City Index leads with 88 options compared to FXGT.com's 30. This gives City Index a significant advantage for traders who rely heavily on technical analysis. Furthermore, City Index is rated 4.5 out of 5 stars for its mobile trading app, ranking 9th out of 62 brokers according to ForexBrokers.com. In contrast, FXGT.com receives a 3.5-star rating and ranks 58th in the same category. These distinctions highlight City Index as the preferred choice for traders seeking a more highly-rated app experience with a broader range of charting tools.
| Feature |
City Index
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing online brokers City Index and FXGT.com, City Index clearly stands out for its comprehensive market research offerings. City Index provides daily market commentary and delivers forex news from top-tier sources like Bloomberg and Reuters, which are valuable resources for traders seeking timely information. In terms of technical analysis tools, City Index benefits from Trading Central's offerings but lacks Autochartist's tools. Both brokers provide sentiment-based trading tools and an economic calendar to keep traders informed of global news events. However, City Index lacks market research support from TipRanks and Acuity Trading, just like FXGT.com.
City Index outshines FXGT.com in overall research ratings, scoring 4.5 stars compared to FXGT.com's 3 stars. According to ForexBrokers.com, City Index is ranked #10 out of 62 brokers for research capabilities, showcasing its strength in providing essential market insights. Meanwhile, FXGT.com lags significantly in the #56 position, reflecting its more limited research offerings. For traders focused on finding detailed market analysis and reliable news sources, City Index could be the preferred choice over FXGT.com.
| Feature |
City Index
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
City Index stands out as a great choice for beginner traders looking for educational resources in the world of forex and CFDs. They provide a vast collection of over 10 educational pieces, including articles, videos, and archived webinars, all centered around forex and CFDs. City Index also offers online educational webinars every month, which can be invaluable for those just starting their trading journey. Beginners and experienced traders alike can benefit from their library of beginner and advanced trading videos. Additionally, the availability of a searchable archive of webinars allows users to access previously recorded sessions. This, along with a comprehensive investor dictionary with definitions of over 50 investing terms, highlights City Index's commitment to education. Recognized for its educational offerings, City Index holds a 4.5-star rating and ranks 9th among 62 brokers according to ForexBrokers.com.
In comparison, FXGT.com has room for improvement when it comes to providing educational support to beginners in trading forex and CFDs. Unlike City Index, FXGT.com doesn't offer the minimum of 10 educational pieces, nor do they provide regular monthly client webinars or a searchable archive of recorded webinars. Moreover, FXGT.com lacks the collection of beginner and advanced educational videos that many new traders find essential. Both platforms do provide an investor dictionary featuring definitions of at least 50 investing terms, which can be a helpful tool for users. However, with a 3-star rating for education and ranking 59th out of 62 brokers, FXGT.com's educational resources do not quite match the thorough and varied support offered by City Index.
| Feature |
City Index
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that City Index is better than FXGT.com. City Index finished with an overall rank of #8, while FXGT.com finished with an overall rank of #58.
Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
| Feature |
City Index
|
FXGT.com
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 69 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both City Index and FXGT.com do not provide options for purchasing actual (delivered) cryptocurrencies, but they do offer the opportunity to invest in cryptocurrency derivatives.
Both City Index and FXGT.com facilitate easy deposits and withdrawals via ACH or SEPA transfers, Visa or Mastercard, and bank wires, but while City Index also supports PayPal transactions, FXGT.com does not; neither broker offers Skrill as a funding option.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
Select Brokers
↓×Compare
0 of 5| Overall Rating | City Index | FXGT.com | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | City Index Review |
| Broker Screenshots | City Index | FXGT.com | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | City Index | FXGT.com | |
|---|---|---|---|
| Trust Score | 99 | 69 | |
| Year Founded | 1983 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | City Index | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | City Index | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | City Index | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 117 | |
| Forex Pairs (Total) | 66 | 53 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | City Index | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.74 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | City Index | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | City Index | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | City Index | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 5 | |
| Charting - Indicators / Studies (Total) | 88 | 37 | |
| Charting - Drawing Tools (Total) | 239 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | City Index | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | City Index | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | City Index | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | City Index | FXGT.com | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | City Index Review |
| Overall | City Index | FXGT.com | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | City Index Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill