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City Index vs Alpari 2019
Is Alpari better than City Index? After scoring forex brokers on nearly 100 different variables, City Index is better than Alpari. Beyond its extensive range of products, multi-asset traders can confidently choose City Index for competitive spreads, premium research tools, and versatile charting including mobile, all under the backing of GAIN Capital, which is one of the largest retail brokers globally.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | City Index | Alpari |
| Overall | ||
| City Index Review | Alpari Review | |
| 70% of retail CFD accounts lose money | 74-89% of retail CFD accounts lose money |
Regulation
| Feature | City Index | Alpari |
| Trust Score | ||
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Year Founded |
1983 | 1998 |
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Publicly Traded (Listed) |
Yes | No |
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Bank |
No | No |
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Tier-1 Licenses |
6 | 0 |
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Tier-2 Licenses |
0 | 0 |
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Tier-3 Licenses |
0 | 2 |
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Authorised in the European Union |
Yes | No |
Tier-1 Licenses
| Feature | City Index | Alpari |
|
ASIC Authorised (Australia) |
Yes | No |
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IIROC Authorised (Canada) |
Yes | No |
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SFC Authorised (Hong Kong) |
Yes | No |
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FSA Authorised (Japan) |
Yes | No |
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MAS Authorised (Singapore) |
Yes | No |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
Yes | No |
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CFTC Registered (USA) |
No | No |
Tier-2 Licenses
| Feature | City Index | Alpari |
|
CBRC Authorised (China) |
No | No |
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CySEC Authorised (Cyprus) |
No | No |
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ISA Authorised (Israel) |
No | No |
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FMA Authorised (New Zealand) |
No | No |
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CBR Authorised (Russia) |
No | Yes |
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FSB Authorised (South Africa) |
No | No |
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SEC Authorised (Thailand) |
No | No |
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DFSA / Central Bank Authorised (UAE) |
No | No |
Tier-3 Licenses
| Feature | City Index | Alpari |
|
FSC Authorised (British Virgin Islands) |
No | No |
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FSC Authorised (Mauritius) |
No | Yes |
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Offshore Authorised |
No | Yes |
Investments
| Feature | City Index | Alpari |
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Forex: Spot Trading |
Yes | Yes |
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Currency Pairs (Total Forex pairs) |
84 | 48 |
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CFDs - Total Offered |
4500 | 16 |
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Cryptocurrency traded as actual |
No | No |
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Cryptocurrency traded as CFD |
Yes | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | City Index | Alpari |
|
Average Spread EUR/USD - Standard |
0.77 (as of Q3 2018) | 0.92 |
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All-in Cost EUR/USD - Active |
0.77 (as of Q3 2018) | 0.82 |
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Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | City Index | Alpari |
|
Minimum Initial Deposit |
£100.00 | $100.00 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
No | No |
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Skrill (Deposit/Withdraw) |
No | Yes |
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UnionPay (Deposit/Withdraw) |
No | Yes |
Trading Platforms
| Feature | City Index | Alpari |
|
Proprietary Platform |
Yes | No |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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MetaTrader 4 (MT4) |
Yes | Yes |
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MetaTrader 5 (MT5) |
No | Yes |
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cTrader |
No | No |
Trading Tools
| Feature | City Index | Alpari |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
18 | 7 |
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Charting - Indicators / Studies (Total) |
139 | 51 |
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Charting - Drawing Tools (Total) |
25 | 31 |
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Charting - Trade From Chart |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes |
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Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | City Index | Alpari |
|
Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Trading - Forex |
Yes | Yes |
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Trading - CFDs |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watch List |
Yes | Yes |
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Watch List Syncing |
Yes | No |
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Charting - Indicators / Studies |
7 | 30 |
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Charting - Draw Trend Lines |
Yes | Yes |
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Charting - Trend Lines Moveable |
No | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
No | No |
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Forex Calendar |
Yes | No |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | City Index | Alpari |
|
Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | Yes |
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Weekly Webinars |
No | Yes |
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AutoChartist |
Yes | Yes |
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Trading Central (Recognia) |
Yes | Yes |
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Delkos Research |
No | No |
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Social Trading / Copy-Trading |
Yes | Yes |
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Social Sentiment - Currency Pairs |
No | No |
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Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | City Index | Alpari |
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Has Education - Forex |
Yes | Yes |
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Has Education - CFDs |
Yes | No |
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Client Webinars |
Yes | Yes |
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Client Webinars (Archived) |
Yes | No |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | No |
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Investor Dictionary (Glossary) |
Yes | Yes |
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Tutorials/Guide (PDF or Interactive) |
Yes | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | City Index | Alpari |
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GBPUSD (or USDGBP) |
Yes | Yes |
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USDJPY (or JPYUSD) |
Yes | Yes |
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EURUSD (or USDEUR) |
Yes | Yes |
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USDCHF (or CHFUSD) |
Yes | Yes |
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USDCAD (or CADUSD) |
Yes | Yes |
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NZDUSD (or USDNZD) |
Yes | Yes |
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AUDUSD (or USDAUD) |
Yes | Yes |
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USDCNH (or CNHUSD) |
No | Yes |
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USDSGD (or SGDUSD) |
Yes | No |
Overall
| Feature | City Index | Alpari |
| City Index Review | Alpari Review | |
| Overall | ||
| Winner | check_circle |
To find the top fx brokers, the team here at ForexBrokers.com collected over 2,200 data points during a several month review of the forex industry. In this fx broker comparison, we will compare Alpari vs City Index.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. City Index received a rating of 4.50 stars over Alpari's 4.00 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. City Index is regulated in a major hub, while Alpari is not. City Index is a publicly traded company, Alpari isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. City Index boasts an offering of 84 different currency pairs compared to Alpari's 48 available pairs.
To round out our comparison of Alpari vs City Index, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Alpari alongside City Index offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Alpari boasts an offering of 31 charting tools compared to City Index's 25 available charting tools. City Index boasts an offering of 139 different indicators (for example, moving averages) compared to Alpari's 51 available indicators.
Alpari Review
City Index Review
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. City Index received a rating of 4.50 stars over Alpari's 4.00 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. City Index is regulated in a major hub, while Alpari is not. City Index is a publicly traded company, Alpari isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. City Index boasts an offering of 84 different currency pairs compared to Alpari's 48 available pairs.
To round out our comparison of Alpari vs City Index, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Alpari alongside City Index offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Alpari boasts an offering of 31 charting tools compared to City Index's 25 available charting tools. City Index boasts an offering of 139 different indicators (for example, moving averages) compared to Alpari's 51 available indicators.
Alpari Review
City Index Review
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
