After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare City Index vs FOREX.com.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both City Index and FOREX.com share a rating of 4.5 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. City Index and FOREX.com both are regulated in a major hub. City Index alongside FOREX.com are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Both brokers offer traders access to the same number of currency pairs, 84.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. City Index and FOREX.com both offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. City Index boasts an offering of 25 charting tools compared to FOREX.com's 22 available charting tools. Both brokers offer clients access to the same number of indicators (eg, moving averages), 139.
Overall, both City Index and FOREX.com are rated 4 stars. And, when it comes to individual category awards, FOREX.com posted awards Best in Class - Research and Best in Class - Mobile Trading in 2018, while City Index found itself with none of these.