To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare City Index vs easyMarkets.
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's score is 4.00 stars versus easyMarkets's 3.00 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 alongside easyMarkets are regulated in a major hub. City Index is a publicly traded company, easyMarkets isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. City Index trails easyMarkets by 32 total currency pairs (for example, EUR/USD), with easyMarkets offering 97 and City Index offering 65.
To round out our comparison of City Index vs easyMarkets, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. City Index and easyMarkets both 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. City Index and easyMarkets offer the same number of charting tools, 31. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.
Overall, City Index boasts 4.50 stars versus easyMarkets's 4.00 stars. And, when it comes to individual category awards, unfortunately, neither City Index nor easyMarkets received awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.