City Index vs FP Markets 2025
In this head to head comparison of City Index vs FP Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
In this head to head comparison of City Index vs FP Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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.
City Index and FP Markets are both well-regarded online brokers, but they differ significantly in their background and regulatory standing. Established in 1983, City Index has a long-standing presence in the industry and is publicly traded, which often adds to its credibility. In contrast, FP Markets was founded in 2005 and is not publicly traded. Neither broker is a bank, yet they hold several regulatory licenses that support their trustworthiness.
When comparing their regulatory credentials, City Index holds a commanding position with seven Tier-1 licenses and a Trust Score of 99 out of 99 from ForexBrokers.com, indicating a highly trusted service. FP Markets, while still trusted, has two Tier-1 licenses and a Trust Score of 89. Both brokers maintain one Tier-2 license each, further highlighting their commitment to regulatory standards and client safety. These factors combined offer potential users a solid understanding of how each broker stands in terms of reliability and trust.
Feature |
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Year Founded | 1983 | 2005 |
Publicly Traded (Listed) | Yes | No |
Bank | No | No |
Tier-1 Licenses | 7 | 2 |
Tier-2 Licenses | 1 | 1 |
Tier-3 Licenses | 0 | 0 |
Tier-4 Licenses | 1 | 1 |
Both City Index and FP Markets are strong contenders when it comes to competitive commissions and fees. City Index offers pricing that aligns with industry standards, especially when using their proprietary platforms or MetaTrader for CFDs, forex, and spread-betting products. While the Premium Trader account provides exclusive perks for those who deposit more than £10,000, the standard CFD account features an average spread of 0.74 pips on the EUR/USD. City Index further entices U.K.-based professional traders with rebates starting at £4 per million traded. With a rating of 4.5 stars, City Index ranks #14 out of 62 brokers for their fees.
FP Markets stands out with its highly competitive ECN account pricing, which helped it earn Best in Class honors for Commissions and Fees. The broker offers a commission-based Raw ECN account with impressive spreads averaging 0.1 pips and a commission rate bringing the total to approximately 0.8 pips. The cTrader platform also supports both spread-only and commission-based trading, providing a flexible option for forex traders. Iress ViewPoint accounts cater to active traders with higher balance requirements, while an Investor account offers a more cost-effective but limited platform. FP Markets enjoys a top-tier rating of 5 stars, ranking 6th among 62 brokers for fees.
Feature |
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Minimum Deposit | £100.00 | $100 AUD |
Average Spread EUR/USD - Standard | 1.4 | 1.2 |
All-in Cost EUR/USD - Active | 0.74 | 0.7 |
Active Trader or VIP Discounts | Yes | Yes |
ACH or SEPA Transfers | Yes | No |
PayPal (Deposit/Withdraw) | Yes | Yes |
Skrill (Deposit/Withdraw) | No | Yes |
Visa/Mastercard (Credit/Debit) | Yes | Yes |
Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to investing, City Index and FP Markets both provide opportunities to explore a wide array of options. Both brokers offer forex trading through CFDs or spot contracts, allowing traders to engage in the dynamic foreign exchange market. City Index takes the lead in the total number of tradable symbols, with a vast selection of 13,500 compared to FP Markets' 10,000. However, when focusing on forex pairs, FP Markets slightly edges out with 71 pairs available, surpassing City Index's 66. It's important to note that neither broker offers the option to trade actual exchange-traded securities on U.S. or international exchanges, nor do they provide the ability to purchase real (delivered) cryptocurrency.
Both platforms support copy trading, which can be beneficial for those who prefer to mirror the investment strategies of more experienced traders. Additionally, traders interested in cryptocurrency derivatives can find options at both City Index and FP Markets. When assessing their range of investments, City Index boasts a perfect 5-star rating, ranking 8th out of 62 brokers, while FP Markets holds a respectable 4.5-star rating and is ranked 18th. This positions City Index as a slightly stronger choice in terms of investment variety, particularly for those who value access to a broad spectrum of tradable assets.
Feature |
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Forex Trading (Spot or CFDs) | Yes | Yes |
Tradeable Symbols (Total) | 13500 | 10000 |
Forex Pairs (Total) | 66 | 71 |
U.S. Stock Trading (Non CFD) | No | No |
Int'l Stock Trading (Non CFD) | No | No |
Social Trading / Copy Trading | Yes | Yes |
Cryptocurrency (Physical) | No | No |
Cryptocurrency (Derivative) | Yes | Yes |
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.
Both City Index and FP Markets provide a range of trading platforms and tools aimed at accommodating
Feature |
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Virtual Trading (Demo) | Yes | Yes |
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 |
DupliTrade | No | No |
ZuluTrade | No | No |
Charting - Indicators / Studies (Total) | 88 | 30 |
Charting - Drawing Tools (Total) | 239 | 17 |
Charting - Trade From Chart | Yes | Yes |
Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
City Index and FP Markets both offer iPhone and Android apps, ensuring traders have access to their platforms regardless of device preference. Both providers allow users to customize their experience with stock and forex price alerts and the ability to draw trendlines on charts. City Index stands out with its robust charting capabilities, featuring 88 technical studies compared to FP Markets’ default MetaTrader offerings. Additionally, City Index provides watchlist symbol syncing, keeping user watchlists updated across both mobile and online platforms, a feature unavailable with FP Markets.
In terms of user experience, both apps support viewing multiple timeframes and auto-save chart drawings, which aids seamless analysis. Real-time quotes can be managed within personalized watchlists. City Index receives a slightly higher mobile trading app rating of 4.5 stars, compared to FP Markets’ 4 stars, and fares better in industry rankings at #9 versus #18 among 62 brokers as per ForexBrokers.com. These differences make City Index a more appealing choice for traders seeking a comprehensive mobile trading solution.
Feature |
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|
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Android App | Yes | Yes |
Apple iOS App | Yes | Yes |
Mobile Alerts - Basic Fields | Yes | Yes |
Watchlist Syncing | Yes | No |
Mobile Charting - Indicators / Studies | 88 | MetaTrader (Default) |
Mobile Charting - Draw Trendlines | Yes | Yes |
Mobile Charting - Multiple Time Frames | Yes | Yes |
Mobile Charting - Drawings Autosave | Yes | Yes |
Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
City Index and FP Markets both offer comprehensive market research features, including daily market commentary and up-to-date forex news from leading sources such as Bloomberg and Reuters. Traders can benefit from their economic calendars that list important global news events. Moreover, both brokers provide sentiment analysis tools that show trader positioning on currency pairs and other instruments, helping investors make informed decisions. While both brokers offer tools from Trading Central, FP Markets takes it a step further by providing resources from Autochartist, making it a slightly more advanced option for technical analysis enthusiasts.
For traders prioritizing research quality, City Index edges ahead with a higher rating of 4.5 stars compared to FP Markets' 4 stars, based on ForexBrokers.com. Furthermore, City Index is ranked #10 out of 62 brokers for research, while FP Markets is positioned at #25. Despite City Index's higher research rating and ranking, traders should consider the unique features offered by each platform when deciding which broker better aligns with their trading strategies.
Feature |
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Daily Market Commentary | Yes | Yes |
Forex News (Top-Tier Sources) | Yes | Yes |
Autochartist | No | Yes |
Trading Central (Recognia) | Yes | Yes |
Social Sentiment - Currency Pairs | Yes | Yes |
TipRanks | No | No |
Signal Centre (Acuity Trading) | No | No |
Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
City Index and FP Markets both provide rich educational resources for beginners looking to explore forex and CFDs trading. Each platform offers a wide array of more than 10 educational articles, videos, and archived webinars focusing on key trading subjects. Both brokers also facilitate learning through monthly online webinars, providing users with interactive, real-time insights into the trading world. Furthermore, beginners and experienced traders alike can benefit from a range of video tutorials tailored to each skill level offered by both companies.
In addition, City Index and FP Markets both have expansive dictionaries with definitions for over 50 investing terms, ensuring that users can easily understand and access critical market language. Despite these similarities, there are distinctions in how experts rate them. City Index earns a higher rating for education with 4.5 stars, while FP Markets comes in at 4 stars. According to rankings from ForexBrokers.com, City Index places higher, ranking 9th out of 62 brokers, while FP Markets is at the 23rd spot. This suggests City Index may provide a slightly more superior educational experience for those beginning their trading journey.
Feature |
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|
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Education (Forex or CFDs) | Yes | Yes |
Client Webinars | Yes | Yes |
Client Webinars (Archived) | Yes | Yes |
Videos - Beginner Trading Videos | Yes | Yes |
Videos - Advanced Trading Videos | Yes | Yes |
Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that City Index is better than FP Markets. City Index finished with an overall rank of #8, while FP Markets finished with an overall rank of #19.
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.
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Overall Rating |
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Trust Score | 99 | 89 |
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Research |
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Both City Index and FP Markets allow investors to trade cryptocurrency derivatives, but neither platform provides the option to purchase actual (delivered) cryptocurrencies.
When comparing City Index to FP Markets for online trading, City Index offers a more diverse range of funding options, including ACH, SEPA, PayPal, Visa, Mastercard, and bank wires, while FP Markets supports PayPal, Skrill, Visa, Mastercard, and bank wires but lacks ACH and SEPA transfers, offering users varied choices for deposit and withdrawal methods.
Please 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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0 of 5Overall Rating | City Index | FP Markets | |
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Trust Score | 99 | 89 | |
Winner | check_circle | ||
Review | City Index Review | FP Markets Review |
Broker Screenshots | City Index | FP Markets | |
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Trading Platforms Gallery (click to expand) | |||
Mobile Trading Gallery (click to expand) | |||
Research Gallery (click to expand) | |||
Education Gallery (click to expand) |
Regulation | City Index | FP Markets | |
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Trust Score | 99 | 89 | |
Year Founded | 1983 | 2005 | |
Publicly Traded (Listed) | Yes | No | |
Bank | No | No | |
Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
Tier-1 Licenses | 7 | 2 | |
Tier-2 Licenses | 1 | 1 | |
Tier-3 Licenses | 0 | 0 | |
Tier-4 Licenses | 1 | 1 |
Tier-1 Licenses (Highly Trusted) | City Index | FP Markets | |
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Australia (ASIC Authorised) | Yes | Yes | |
Canada (CIRO Authorised) | Yes | No | |
Hong Kong (SFC Authorised) | No | No | |
Japan (SFC Authorised) | No | No | |
Singapore (MAS Authorised) | Yes | No | |
Switzerland (FINMA Authorised) | No | No | |
United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
USA (CFTC Authorized) | No | No | |
New Zealand (FMA Authorised) | No | No | |
Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
Tier-2 Licenses (Trusted) | City Index | FP Markets | |
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Kenya (CMA Authorised) | No | No | |
Israel (ISA Authorised) | No | No | |
South Africa (FSCA Authorised) | No | Yes | |
UAE (DFSA/Central Bank Authorised) | Yes | No | |
India (SEBI Authorised) | No | No | |
Jordan (JSC Authorised) | No | No |
Investments | City Index | FP Markets | |
---|---|---|---|
Forex Trading (Spot or CFDs) | Yes | Yes | |
Tradeable Symbols (Total) | 13500 | 10000 | |
Forex Pairs (Total) | 66 | 71 | |
U.S. Stock Trading (Non CFD) | No | No | |
Int'l Stock Trading (Non CFD) | No | No | |
Social Trading / Copy Trading | Yes | Yes | |
Cryptocurrency (Physical) | No | No | |
Cryptocurrency (Derivative) | Yes | Yes | |
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 | FP Markets | |
---|---|---|---|
Average Spread EUR/USD - Standard | 1.4 | 1.2 | |
All-in Cost EUR/USD - Active | 0.74 | 0.7 | |
Active Trader or VIP Discounts | Yes | Yes | |
Inactivity Fee | Yes | No | |
Execution: Agency Broker | No | No | |
Execution: Market Maker | Yes | Yes |
Funding | City Index | FP Markets | |
---|---|---|---|
Minimum Deposit | £100.00 | $100 AUD | |
PayPal (Deposit/Withdraw) | Yes | Yes | |
Skrill (Deposit/Withdraw) | No | Yes | |
Visa/Mastercard (Credit/Debit) | Yes | Yes | |
Bank Wire (Deposit/Withdraw) | Yes | Yes | |
ACH or SEPA Transfers | Yes | No |
Trading Platforms | City Index | FP Markets | |
---|---|---|---|
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 | Yes | |
DupliTrade | No | No | |
ZuluTrade | No | No |
Trading Tools | City Index | FP Markets | |
---|---|---|---|
Virtual Trading (Demo) | Yes | Yes | |
Alerts - Basic Fields | Yes | Yes | |
Watchlists - Total Fields | 11 | 7 | |
Charting - Indicators / Studies (Total) | 88 | 30 | |
Charting - Drawing Tools (Total) | 239 | 17 | |
Charting - Trade From Chart | Yes | Yes | |
Charts can be saved | Yes | Yes |
Mobile Trading | City Index | FP Markets | |
---|---|---|---|
Android App | Yes | Yes | |
Apple iOS App | Yes | Yes | |
Mobile Alerts - Basic Fields | Yes | Yes | |
Mobile Watchlist | Yes | Yes | |
Watchlist Syncing | Yes | No | |
Mobile Charting - Indicators / Studies | 88 | MetaTrader (Default) | |
Mobile Charting - Draw Trendlines | Yes | Yes | |
Mobile Charting - Multiple Time Frames | Yes | Yes | |
Mobile Charting - Drawings Autosave | Yes | Yes | |
Mobile Economic Calendar | Yes | Yes |
Research | City Index | FP Markets | |
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Daily Market Commentary | Yes | Yes | |
Forex News (Top-Tier Sources) | Yes | Yes | |
Autochartist | No | Yes | |
Trading Central (Recognia) | Yes | Yes | |
TipRanks | No | No | |
Social Sentiment - Currency Pairs | Yes | Yes | |
Economic Calendar | Yes | Yes |
Education | City Index | FP Markets | |
---|---|---|---|
Education (Forex or CFDs) | Yes | Yes | |
Client Webinars | Yes | Yes | |
Client Webinars (Archived) | Yes | Yes | |
Videos - Beginner Trading Videos | Yes | Yes | |
Videos - Advanced Trading Videos | Yes | Yes | |
Investor Dictionary (Glossary) | Yes | Yes |
Major Forex Pairs | City Index | FP Markets | |
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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 | |
Review | City Index Review | FP Markets Review |
Overall | City Index | FP Markets | |
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Overall Rating |
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Commissions & Fees |
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Range of Investments |
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Platform & Tools |
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Mobile Trading |
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Research |
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Education |
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Trust Score | 99 | 89 | |
Winner | check_circle | ||
Review | City Index Review | FP Markets Review |