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City Index vs Alpari 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is City Index better than Alpari? In our analysis of 23 international regulators across 62 of the best forex brokers, City Index is considered low-risk, with an overall Trust Score of 99 out of 99. Alpari is considered low-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Overall RatingCity IndexAlpari
Overall Rating 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score 99 67
Winner check_circle
Review City Index Review
RegulationCity IndexAlpari
Trust Score 99 67
Year Founded 1983 1998
Publicly Traded (Listed) Yes No
Bank No No
Authorised in European Union Yes info No info
Tier-1 Licenses 3 0
Tier-2 Licenses 2 0
Tier-3 Licenses 1 1
Tier-1 Licenses (High Trust)City IndexAlpari
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) Yes No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)City IndexAlpari
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) Yes No
Tier-3 Licenses (Low Trust)City IndexAlpari
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) Yes No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No Yes
VFSC Authorised (Vanuatu) No No
InvestmentsCity IndexAlpari
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 13500 105
Forex Pairs (Total) 84 46
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 (CFD) 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).
CostCity IndexAlpari
Average Spread EUR/USD - Standard 1.0 (July 2022) N/A
All-in Cost EUR/USD - Active 1.0 (July 2022) N/A
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker No Yes
Execution: Market Maker Yes Yes
FundingCity IndexAlpari
Minimum Initial Deposit ยฃ100.00 $20
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) No Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsCity IndexAlpari
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 No
DupliTrade No No
ZuluTrade No No
Trading ToolsCity IndexAlpari
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 11 7
Charting - Indicators / Studies (Total) 88 30
Charting - Drawing Tools (Total) 81 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingCity IndexAlpari
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 88 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes Yes
ResearchCity IndexAlpari
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) Yes Yes
Autochartist No Yes
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
EducationCity IndexAlpari
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) Yes Yes
Major Forex PairsCity IndexAlpari
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
OverallCity IndexAlpari
Overall Rating 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score 99 67
Winner check_circle
Review City Index Review
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City Index vs Alpari Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare City Index vs Alpari.

Does City Index or Alpari offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, City Index offers better pricing overall for traders.

Is City Index or Alpari safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. City Index holds 3 global Tier-1 licenses, while Alpari holds 0. City Index holds 2 global Tier-2 licenses, while Alpari holds 0. In our analysis of 23 international regulators across 50 brokers, City Index earned a higher Trust Score than Alpari.

Which trading platform is better: City Index or Alpari?

To compare the trading platforms of both City Index and Alpari, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, City Index offers a better experience. With research, City Index offers superior market research. Finally, we found City Index to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both City Index and Alpari offer MetaTrader 4 (MT4).City Index and Alpari both offer copy trading.

How many forex pairs and CFDs are available to trade?

City Index provides traders 84 currency pairs (e.g., EUR/USD) compared to Alpari's 46 available pairs. Forex pairs aside, City Index offers traders access to 13500 CFDs while Alpari has 105 available CFDs, a difference of 13395.

Can I trust City Index?

City Index is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). City Index is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS), and the Financial Conduct Authority (FCA).

Can I trust Alpari?

Alpari is not publicly traded and does not operate a bank. Alpari is authorised by zero tier-1 regulators (high trust), zero tier-2 regulator (average trust), and one tier-3 regulator (low trust).

Is City Index good?

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.

Is Alpari good?

Alpari is one of the first brokers to offer the MetaTrader platform glopbally before it became popular. The Alpari group of companies are regulated only in a few jurisdictions, putting the broker at a disadvantage compared to the most trusted brokers.

Overall winner: City Index

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