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City Index vs FinecoBank 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of City Index vs FinecoBank, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

City Index
5/5 Stars Overall
  • Minimum Deposit: £100.00
  • Trust Score: 99
  • Tradeable Symbols (Total): 13500
FinecoBank
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 94
  • Tradeable Symbols (Total): 9770

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.

Regulation

City Index and FinecoBank are prominent online brokers, each with their own strengths in the financial sector. City Index, established in 1983, is a publicly traded entity that is not a bank. It holds an impressive seven Tier-1 licenses, reflecting a high level of trust and credibility. Having earned a flawless 99 Trust Score rating from ForexBrokers.com, City Index stands as a highly trusted broker in the industry.

FinecoBank, founded in 1999, differentiates itself as both a bank and a publicly listed company. Its possession of two Tier-1 licenses contributes to its solid reputation, reflected in its commendable 94 Trust Score. While not as extensive in its licensing as City Index, FinecoBank's status as a bank offers a unique level of financial versatility to its clients. Together, these brokers cater to a range of investor needs, backed by regulatory assurance and industry experience.

Feature City Index logoCity Index
FinecoBank logoFinecoBank
Year Founded info 1983 1999
Publicly Traded (Listed) info Yes Yes
Bank info No Yes
Tier-1 Licenses info 7 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

When it comes to trading costs, City Index offers competitive pricing for CFDs, forex, and spread-betting products, aligning with the industry's average. Traders can benefit from better pricing by using City Index's proprietary platforms or MetaTrader. For those who qualify as active traders with deposits exceeding £10,000, the Premium Trader account offers exclusive pricing alongside other perks. The average spread for EUR/USD stands at 0.74 pips, which is average but trails behind the top forex brokers like Tickmill and FP Markets. In the UK, professional traders can receive rebates starting at £4 per million when trading over £25 million per month, with higher rebates for increased volumes. City Index scores an impressive 4.5 stars and ranks #14 out of 63 brokers for commissions and fees.

FinecoBank, conversely, does not provide average spread data for its forex and CFD trading, making a precise evaluation challenging. While Fineco lists a 1-pip spread for EUR/USD, it is not specified as an average, possibly resulting in higher costs compared to typical forex brokers. A 0.8-pip spread is also mentioned, though again without average values or date specifics. On a positive note, FinecoBank may offer more competitive spreads on its index CFDs. However, its overall rating falls at 3.5 stars, and it holds a lower ranking at #51 among 63 brokers in the same category.

Feature City Index logoCity Index
FinecoBank logoFinecoBank
Minimum Deposit info £100.00 $0
Average Spread EUR/USD - Standard info 1.4 info N/A info
All-in Cost EUR/USD - Active info 0.74 info N/A info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info Yes Yes
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No No
Visa/Mastercard (Credit/Debit) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

City Index and FinecoBank both provide investors with the opportunity to trade in the forex market through CFDs or spot contracts, giving users flexibility in how they engage with the foreign exchange market. City Index stands out with a vast array of 13,500 tradeable symbols, surpassing FinecoBank's offering of 9,770. This broad selection includes 66 tradeable forex pairs compared to FinecoBank's 54, showcasing City Index's extensive range of forex options. Additionally, City Index caters to traders interested in crypto with the option to trade cryptocurrency derivatives, a feature not available with FinecoBank. However, FinecoBank offers clients the unique advantage of trading exchange-traded securities on both U.S. and international exchanges, unlike City Index, allowing direct investment in companies like Apple and Vodafone.

While City Index receives a 5-star rating for its range of investments, thanks to its expansive offering and services like copy trading, FinecoBank achieves a commendable 4.5-star rating. Despite its smaller symbol range, FinecoBank's direct access to international securities makes it a viable choice for investors seeking exposure to global markets. Ranking eighth out of 63 brokers by ForexBrokers.com, City Index outshines FinecoBank, which holds the sixteenth spot, underscoring its superior variety of investment options. Each platform offers unique advantages, catering to different investor preferences and priorities.

Feature City Index logoCity Index
FinecoBank logoFinecoBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 9770
Forex Pairs (Total) info 66 54
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info No Yes
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes No
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.

Trading platforms and tools

When evaluating City Index and FinecoBank for their trading platforms and tools, there are distinct differences to consider. City Index offers a complimentary virtual demo account for simulated trading, giving newcomers and experienced users alike the opportunity to explore its platform without financial commitment. In contrast, FinecoBank does not provide this feature. Both brokers have developed their own proprietary platforms and provide a range of options for different devices, including Windows desktop downloads and browser-based platforms. However, when it comes to advanced options like MetaTrader 4, City Index has the edge, supporting this widely recognized platform, while FinecoBank does not support it.

City Index offers greater versatility with features like copy trading and advanced charting, boasting 239 drawing tools compared to FinecoBank's 7. Additionally, City Index allows trades directly from stock charts, a feature FinecoBank lacks. Watchlist customization is another area where City Index stands out, offering 11 columns for watch lists. Ratings reflect these differences, with City Index achieving 4.5 stars for trading tools, outranking FinecoBank's 4 stars in this category. According to ForexBrokers.com, City Index's platforms and tools are ranked #11 out of 63 brokers, ahead of FinecoBank which is ranked #18.

Feature City Index logoCity Index
FinecoBank logoFinecoBank
Virtual Trading (Demo) info Yes No
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 88 37
Charting - Drawing Tools (Total) info 239 7
Charting - Trade From Chart info Yes No
Watchlists - Total Fields info 11 N/A

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

For traders seeking the best mobile trading experience, City Index and FinecoBank both offer iPhone and Android apps. City Index stands out by providing advanced features, such as the ability to sync watchlist symbols between the mobile app and online account, ensuring convenience for users as they manage their investments. While both brokers offer alerts for stock or forex prices, City Index excels with 88 technical studies available in its app compared to just six from FinecoBank. Additionally, City Index allows users to draw trendlines on charts and automatically saves these, offering a seamless experience. FinecoBank, meanwhile, does not provide these drawing capabilities or auto-save features.

When it comes to chart analysis, both apps let users view multiple time frames like daily, weekly, or intraday, but only City Index combines this with the ability to create custom watchlists with real-time quotes. These extra features might explain why City Index is rated 4.5 stars for its mobile trading app, earning it the #9 spot out of 63 brokers according to ForexBrokers.com. FinecoBank, while a solid choice with a 4-star rating, ranks lower at #42. If comprehensive charting tools and seamless account integration are top priorities for you, City Index might be the more appealing option. However, FinecoBank still provides a reliable trading app for those less focused on these specific features.

Feature City Index logoCity Index
FinecoBank logoFinecoBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 6
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

When comparing City Index to FinecoBank for market research offerings, City Index stands out with a more comprehensive suite of tools and resources. City Index provides daily market commentary and delivers forex news from reputable sources like Bloomberg and Reuters, while FinecoBank does not offer daily commentary but does provide forex news from similar high-quality sources. Additionally, City Index includes Trading Central’s technical analysis tools and a sentiment-based trading tool, both absent from FinecoBank’s offerings. Despite both platforms offering an economic calendar, the breadth of market research with City Index is reflected in its higher research rating of 4.5 stars compared to FinecoBank’s 4.0 stars.

In a ranking conducted by ForexBrokers.com, which evaluated 63 brokers overall, City Index achieved an impressive 10th place for its research category features, overshadowing FinecoBank, which was ranked 33rd. This higher rank underscores City Index's stronger market research capabilities. While FinecoBank offers several valuable news components, it lacks the depth provided by City Index, making the latter a favorable option for traders seeking extensive research tools and insightful analysis in their trading platforms.

Feature City Index logoCity Index
FinecoBank logoFinecoBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

City Index and FinecoBank both provide educational resources, but City Index has a wider selection specifically tailored for forex and CFDs learners. City Index offers a comprehensive collection of educational materials, including articles, videos, and archived webinars, which are particularly beneficial for those new to forex and CFDs trading. FinecoBank, on the other hand, does not meet the benchmark for providing such specialized content. Both brokers host monthly client webinars, but City Index enhances accessibility by offering a searchable archive of previously recorded webinars, which FinecoBank lacks.

For beginners, both platforms supply a range of educational videos, yet City Index extends its offerings to advanced traders, providing videos focused on more complex trading topics. A shared feature is their investor dictionaries, which are useful for understanding key investing terms. Ranked #9 out of 63 brokers by ForexBrokers.com for educational offerings, City Index stands out with a 4.5-star rating, compared to FinecoBank's #49 ranking and 4.0-star rating. This distinction highlights City Index's stronger commitment to education for traders at all levels.

Feature City Index logoCity Index
FinecoBank logoFinecoBank
Education (Forex or CFDs) info Yes No
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that City Index is better than FinecoBank. City Index finished with an overall rank of #8, while FinecoBank finished with an overall rank of #25.

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 logoCity Index
FinecoBank logoFinecoBank
Overall Rating info 5/5 Stars 4.5/5 Stars
Trust Score info 99 94
Range of Investments 5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4.0/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with City Index or FinecoBank?

City Index allows investors to engage in cryptocurrency trading through derivatives, whereas FinecoBank does not offer cryptocurrency derivatives, and neither broker enables the purchase of actual delivered cryptocurrency.

What funding options does each broker offer?

City Index and FinecoBank both support ACH/SEPA transfers and bank wires for depositing or withdrawing account funds, but City Index also accepts PayPal and credit cards (Visa/Mastercard), an option not available with FinecoBank, while neither broker supports Skrill.




announcementPlease 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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Compare

0 of 5
Overall Rating City Index FinecoBank
Overall Rating info 5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 3.5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4.0/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 94
Winner check_circle
Review City Index Review FinecoBank Review
Broker Screenshots City Index FinecoBank
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation City Index FinecoBank
Trust Score info 99 94
Year Founded info 1983 1999
Publicly Traded (Listed) info Yes Yes
Bank info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) City Index FinecoBank
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) City Index FinecoBank
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments City Index FinecoBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 9770
Forex Pairs (Total) info 66 54
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info No Yes
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes No
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 FinecoBank
Average Spread EUR/USD - Standard info 1.4 info N/A info
All-in Cost EUR/USD - Active info 0.74 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info Yes No
Execution: Agency Broker info No No
Execution: Market Maker info Yes No
Funding City Index FinecoBank
Minimum Deposit info £100.00 $0
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No No
Visa/Mastercard (Credit/Debit) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes Yes
Trading Platforms City Index FinecoBank
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools City Index FinecoBank
Virtual Trading (Demo) info Yes No
Alerts - Basic Fields info Yes No
Watchlists - Total Fields info 11 N/A
Charting - Indicators / Studies (Total) info 88 37
Charting - Drawing Tools (Total) info 239 7
Charting - Trade From Chart info Yes No
Charts can be saved info Yes Yes
Mobile Trading City Index FinecoBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes No
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 6
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research City Index FinecoBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education City Index FinecoBank
Education (Forex or CFDs) info Yes No
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs City Index FinecoBank
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review City Index Review FinecoBank Review
Overall City Index FinecoBank
Overall Rating info 5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 3.5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4.0/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 94
Winner check_circle
Review City Index Review FinecoBank Review
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