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 and easyMarkets both are regulated in a major hub. City Index is a publicly traded company, while easyMarkets is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. easyMarkets offers its clients access to 97 different currency pairs while City Index has 84 available pairs, a difference of 13.
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 alongside easyMarkets 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. easyMarkets offers its clients access to 31 charting tools while City Index has 25 charting tools, a difference of 6. easyMarkets trails City Index by 88 total different indicators (for example, moving averages), with City Index offering 139 and easyMarkets offering 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.