Written by ForexBrokers.com
In this head to head comparison of City Index vs FxPro, 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 FxPro are both prominent online brokers, yet they differ significantly in terms of trust and regulatory standing. Founded in 1983, City Index is publicly traded and boasts a ForexBrokers.com Trust Score of 99, indicating it is highly trusted. It holds 7 Tier-1 licenses, which are the most respected regulatory approvals, along with 1 Tier-2 license. In contrast, FxPro, established in 2006, is not publicly traded but maintains a solid reputation with a Trust Score of 90. It carries 2 Tier-1 licenses and 1 Tier-2 license, reflecting a commendable level of trust for a broker in the financial industry.
While neither City Index nor FxPro operates as a bank, their regulatory credentials illustrate a commitment to security and transparency in trading. City Index's extensive range of Tier-1 licenses offers a layer of reassurance to customers looking for stringent regulatory compliance. FxPro, while having fewer top tier licenses, still provides a reliable and secure trading environment, as highlighted by its Trust Score within the highly trusted range. Both brokers appeal to traders seeking solid, reliable online trading services backed by trustworthy oversight.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Year Founded | 1983 | 2006 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
City Index and FxPro are two prominent online brokers offering competitive trading experiences, yet their commissions and fees structures reveal distinct differences. City Index has a rating of 4.5 stars for its commissions and fees, ranked #14 out of 62 brokers by ForexBrokers.com. It offers pricing for CFDs, forex, and spread-betting products that aligns with industry norms, with an average spread of 0.74 pips on the EUR/USD. For those who maintain deposits over £10,000, the Premium Trader account offers exclusive pricing and dedicated services. City Index also provides active trader rebates starting at £4 per million for volumes over £25 million per month in the UK and AUD $4.5 per million in Australia. Although competitive, City Index’s pricing is just behind other top forex brokers like Tickmill and FP Markets.
In comparison, FxPro holds a 4-star rating for commissions and fees, positioned as the #32 broker by the same ranking. FxPro's pricing is generally higher than industry averages. While its cTrader platform offers the most appealing spreads with a commission-based model, its effective spread on the EUR/USD is about 1.27 pips. On platforms like MetaTrader, FxPro provides both variable and fixed spreads, yet requires a minimum distance of 1 pip for stop and limit orders. Among these platforms, the variable spread model shows higher spreads of 1.58 pips on MT4 and 1.51 pips on MT5 for market execution accounts. Despite an Active Trader program offering up to a 30% discount, FxPro's fee structure remains less competitive compared to leaders like Pepperstone and IC Markets.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Minimum Deposit | £100.00 | $100 |
| Average Spread EUR/USD - Standard | 1.4 | 1.51 |
| All-in Cost EUR/USD - Active | 0.74 | 1.27 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
City Index and FxPro both offer forex trading through CFDs and spot contracts, with City Index providing 13,500 tradeable symbols compared to FxPro’s 2,249. While City Index offers 66 forex pairs, FxPro has a slight edge with 70 pairs. Neither platform offers exchange-traded securities on U.S. exchanges, but FxPro enables clients to trade international securities, whereas City Index does not. Both brokers support copy trading and offer cryptocurrency derivatives, but you can't buy actual cryptocurrencies on either platform. City Index stands out with a 5-star rating for the range of investments, ranking #8 by ForexBrokers.com, while FxPro is rated 4 stars and ranks #28.
For those seeking a wider variety of investment options, City Index presents a more extensive portfolio with a higher overall rating for its range of investments. FxPro, however, provides access to international exchange-traded securities, distinguishing it for clients interested in global equities outside the U.S. Both platforms deliver comprehensive trading opportunities but cater to slightly different investment priorities. Ultimately, the choice between City Index and FxPro will depend on what a trader values most in terms of investment diversity and accessibility to international markets.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 2249 |
| Forex Pairs (Total) | 66 | 70 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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 FxPro both cater to traders who seek comprehensive tools and platforms. They offer simulated trading via free virtual demo accounts, catering to users who want to practice before trading with real money. Both brokers have developed proprietary trading platforms and provide multiple options for accessing these platforms, including Windows-based desktop downloads and web-based browser platforms. Furthermore, they support MetaTrader 4 (MT4), which is popular among traders. However, only FxPro extends support to MetaTrader 5 (MT5), offering a broader range of features for advanced traders.
When it comes to additional tools, City Index offers 239 drawing tools for charting, vastly outnumbering FxPro's 25, making it a better choice for those focused on technical analysis. Both brokers enable traders to execute trades directly from stock charts and offer copy trading options. However, neither provides services like DupliTrade or ZuluTrade. In terms of watchlist customization, City Index allows for 11 columns, while FxPro offers 6. City Index edges out with a 4.5-star rating for trading platforms and tools and is ranked 10th out of 62 brokers by ForexBrokers.com, compared to FxPro's 4-star rating and 19th rank. This makes City Index slightly more favored for its trading platform offerings.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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 | 53 |
| Charting - Drawing Tools (Total) | 239 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of City Index and FxPro, both platforms offer solid features for traders on the go. They cater to both iPhone and Android users with dedicated apps. Traders can expect stock and forex price alerts and the ability to sync watchlists between their mobile app and online account on both platforms. However, when it comes to technical studies available for charting, City Index takes the lead by providing 88 studies, surpassing FxPro’s offering of 65. Both apps support drawing trendlines and viewing different time frames on charts. They also auto-save chart drawings and allow users to create watchlists with real-time quotes, ensuring a seamless trading experience.
In terms of ratings, both City Index and FxPro score a commendable 4.5 out of 5 stars for their mobile trading apps. However, City Index is ranked #9 for Mobile Trading Apps by ForexBrokers.com, while FxPro ranks at #15 out of 62 brokers. This gives City Index a slight edge in terms of recognition and ranking. Overall, whether you choose City Index or FxPro, their mobile apps provide comprehensive features to meet the needs of modern traders.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 88 | 65 |
| 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.
Both City Index and FxPro deliver daily market commentary and provide forex news sourced from top-tier agencies like Bloomberg and Reuters. When it comes to technical and fundamental analysis, both brokers equip traders with tools from Trading Central, yet neither offers resources from Autochartist. If you're looking into sentiment analysis, both brokers have tools that reveal the ratio of long and short positions across various currency pairs and instruments, enhancing decision-making in trades.
While neither City Index nor FxPro includes research from TipRanks or Acuity Trading, both offer comprehensive economic calendars detailing global news events. Despite their similarities, City Index edges ahead with a research rating of 4.5 stars compared to FxPro's 4 stars. Furthermore, City Index holds the 10th spot in the Research category by ForexBrokers.com, significantly outperforming FxPro, which is ranked 27th out of 62 brokers. This distinction highlights City Index as a slightly stronger option for those prioritizing extensive market research tools.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| 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.
When comparing the educational resources offered for beginners by City Index and FxPro, both broker platforms provide a range of learning materials such as articles, videos, and archived webinars focused on forex and CFDs. City Index stands out by hosting monthly online educational webinars, a feature FxPro does not offer. Both companies provide a library of recorded webinars, allowing users to access educational content at their convenience. However, City Index broadens its educational reach by providing numerous advanced trading videos for experienced traders, while FxPro falls short in this area.
City Index and FxPro both equip beginners with an investor dictionary, including definitions for over 50 investing terms, ensuring newcomers have the necessary vocabulary at their disposal. City Index, however, earns a slightly higher rating of 4.5 out of 5 stars for education, compared to FxPro’s 4-star rating. Additionally, City Index ranks higher in the education category according to ForexBrokers.com, coming in at 9th out of 62 brokers, while FxPro is ranked 17th. These distinctions convey City Index as a stronger choice for those prioritizing comprehensive educational resources in their trading journey.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 FxPro. City Index finished with an overall rank of #8, while FxPro finished with an overall rank of #21.
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
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FxPro
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 90 |
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Both City Index and FxPro do not provide the option to buy actual delivered cryptocurrency, but they both offer the ability to purchase cryptocurrency derivatives.
City Index and FxPro both support ACH and SEPA transfers, PayPal, Visa, Mastercard, and bank wires for depositing and withdrawing funds, but only FxPro provides the option of using Skrill.
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.
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0 of 5| Overall Rating | City Index | FxPro | |
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| Trust Score | 99 | 90 | |
| Winner | check_circle | ||
| Review | City Index Review | FxPro Review |
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| Regulation | City Index | FxPro | |
|---|---|---|---|
| Trust Score | 99 | 90 | |
| Year Founded | 1983 | 2006 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | City Index | FxPro | |
|---|---|---|---|
| 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 | Yes | |
| 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 | FxPro | |
|---|---|---|---|
| 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 | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 2249 | |
| Forex Pairs (Total) | 66 | 70 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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 | FxPro | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.74 | 1.27 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | City Index | FxPro | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | City Index | FxPro | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | City Index | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 6 | |
| Charting - Indicators / Studies (Total) | 88 | 53 | |
| Charting - Drawing Tools (Total) | 239 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | City Index | FxPro | |
|---|---|---|---|
| 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 | 65 | |
| 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 | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | City Index | FxPro | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | City Index | FxPro | |
|---|---|---|---|
| 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 | FxPro Review |
| Overall | City Index | FxPro | |
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| Trust Score | 99 | 90 | |
| Winner | check_circle | ||
| Review | City Index Review | FxPro Review |
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