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City Index vs ForexTime (FXTM) 2020

Is City Index better than ForexTime (FXTM)? After testing 30 of the best forex brokers over five months, City Index is better than ForexTime (FXTM). Beyond its extensive range of products, multi-asset traders confidently choose City Index for competitive spreads, great platform options, premium research tools, and reliable customer service, all under the backing of GAIN Capital, which is one of the largest retail brokers globally.



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature City Index ForexTime (FXTM)
Overall 4.5 3.5
City Index Review ForexTime (FXTM) Review
74% of retail CFD accounts lose money 73% of retail CFD accounts lose money

Regulation

Feature City Index ForexTime (FXTM)
Trust Score 93 70
Year Founded
1983 2011
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
3 0
Tier-2 Licenses
0 1
Tier-3 Licenses
1 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature City Index ForexTime (FXTM)
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature City Index ForexTime (FXTM)
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
84 59
CFDs - Total Offered
4500 193
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes No
Offering of Investments 5 3
Winner check_circle

Cost

Feature City Index ForexTime (FXTM)
Average Spread EUR/USD - Standard
0.8 (Oct 19) 0.8
All-in Cost EUR/USD - Active
0.8 (Oct 19) 1
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4 4
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Funding

Feature City Index ForexTime (FXTM)
Minimum Initial Deposit
£50.00 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature City Index ForexTime (FXTM)
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

Trading Tools

Feature City Index ForexTime (FXTM)
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
18 Default MT4/MT5
Charting - Indicators / Studies (Total)
139 Default MT4/MT5
Charting - Drawing Tools (Total)
25 Default MT4/MT5
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 3
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Mobile Trading

Feature City Index ForexTime (FXTM)
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
74 Default MT4/MT5
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
Yes No
Mobile Trading 4 3.5
Winner check_circle

Research

Feature City Index ForexTime (FXTM)
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No Yes
AutoChartist
Yes No
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 4.5 3
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Education

Feature City Index ForexTime (FXTM)
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes No
Client Webinars
Yes No
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes
Education 4 3.5
Winner check_circle

Major Forex Pairs

Feature City Index ForexTime (FXTM)
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

Overall

Feature City Index ForexTime (FXTM)
City Index Review ForexTime (FXTM) Review
Overall 4.5 3.5
Winner check_circle

Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare City Index vs ForexTime (FXTM).

Does City Index or ForexTime (FXTM) 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 ForexTime (FXTM) safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. City Index holds 3 global Tier-1 licenses, while ForexTime (FXTM) holds 0. ForexTime (FXTM) holds 1 global Tier-2 licenses, while City Index holds 0. All regulators considered, City Index has a Trust Score of 93.00, while ForexTime (FXTM)'s Trust Score is 70.00.

Which trading platform is better: City Index or ForexTime (FXTM)?
To compare the trading platforms of both City Index and ForexTime (FXTM), 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. City Index and ForexTime (FXTM) both offer copy trading. Both City Index and ForexTime (FXTM) offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
City Index provides traders 84 currency pairs (e.g., EUR/USD) compared to ForexTime (FXTM)'s 59 available pairs. Forex pairs aside, City Index offers traders access to 4500 CFDs while ForexTime (FXTM) has 193 available CFDs, a difference of 4,307.

Overall, between City Index and ForexTime (FXTM), City Index is the better forex broker.

City Index Review
ForexTime (FXTM) Review

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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