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City Index vs FP Markets 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 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.

City Index
5/5 Stars Overall
  • Minimum Deposit: £100.00
  • Trust Score: 99
  • Tradeable Symbols (Total): 13500
FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 89
  • Tradeable Symbols (Total): 10000

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 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 City Index logoCity Index
FP Markets logoFP Markets
Year Founded info 1983 2005
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 7 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

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 City Index logoCity Index
FP Markets logoFP Markets
Minimum Deposit info £100.00 $100 AUD
Average Spread EUR/USD - Standard info 1.4 info 1.2 info
All-in Cost EUR/USD - Active info 0.74 info 0.7 info
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

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 City Index logoCity Index
FP Markets logoFP Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 10000
Forex Pairs (Total) info 66 71
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

Both City Index and FP Markets provide a range of trading platforms and tools aimed at accommodating

Feature City Index logoCity Index
FP Markets logoFP Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 88 30
Charting - Drawing Tools (Total) info 239 17
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 11 7
View More

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

Forex trading apps

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 City Index logoCity Index
FP Markets logoFP Markets
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 MetaTrader (Default)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

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 City Index logoCity Index
FP Markets logoFP Markets
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes Yes
Social Sentiment - Currency Pairs info Yes Yes
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 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 City Index logoCity Index
FP Markets logoFP Markets
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

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.

Feature City Index logoCity Index
FP Markets logoFP Markets
Overall Rating info 5/5 Stars 4.5/5 Stars
Trust Score info 99 89
Range of Investments 5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with City Index or FP Markets?

Both City Index and FP Markets allow investors to trade cryptocurrency derivatives, but neither platform provides the option to purchase actual (delivered) cryptocurrencies.

What funding options does each broker offer?

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.




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 FP Markets
Overall Rating info 5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 99 89
Winner check_circle
Review City Index Review FP Markets Review
Broker Screenshots City Index FP Markets
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 FP Markets
Trust Score info 99 89
Year Founded info 1983 2005
Publicly Traded (Listed) info Yes No
Bank info No No
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 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) City Index FP Markets
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 No
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 FP Markets
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments City Index FP Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 10000
Forex Pairs (Total) info 66 71
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 info 1.4 info 1.2 info
All-in Cost EUR/USD - Active info 0.74 info 0.7 info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info Yes No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding City Index FP Markets
Minimum Deposit info £100.00 $100 AUD
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms City Index FP Markets
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No Yes
DupliTrade info No No
ZuluTrade info No No
Trading Tools City Index FP Markets
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 11 7
Charting - Indicators / Studies (Total) info 88 30
Charting - Drawing Tools (Total) info 239 17
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading City Index FP Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 MetaTrader (Default)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research City Index FP Markets
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes Yes
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education City Index FP Markets
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs City Index FP Markets
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 FP Markets Review
Overall City Index FP Markets
Overall Rating info 5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 99 89
Winner check_circle
Review City Index Review FP Markets Review
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