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City Index vs FP Markets 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

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: 90
  • 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 (founded 1983) and FP Markets (founded 2005) are both non-bank online brokers, but they differ in corporate profile and trust ratings. City Index is publicly traded, while FP Markets is not. According to ForexBrokers.com, a Trust Score of 90–99 is considered highly trusted; City Index scores 99 and FP Markets scores 90—placing both in the highly trusted range, with City Index at the very top.

Regulation is another key difference. City Index holds 7 Tier-1 licenses and 1 Tier-2 license, while FP Markets holds 2 Tier-1 and 1 Tier-2. ForexBrokers.com classifies Tier-1 regulators as highly trusted and Tier-2 as trusted, so City Index’s larger number of Tier-1 approvals points to broader top-tier oversight compared with FP Markets.

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 2

Fees

City Index and FP Markets both earn 4.5 out of 5 stars for commissions and fees, but FP Markets has the edge on overall value. City Index’s pricing for CFDs, forex, and spread betting is about average for the industry, with its best rates usually available on its own platform or MetaTrader. Its EUR/USD spread averaged 0.74 pips as of July 2023, and active traders may qualify for rebates or the Premium Trader account if they deposit more than £10,000. In ForexBrokers.com’s Commissions and Fees category, City Index ranks #16 out of 36 brokers.

FP Markets is the lower-cost choice for most traders, especially on its commission-based Raw ECN account. Its Raw account posted very tight pricing, with an average EUR/USD spread of 0.1 pips in October 2023, or about 0.8 pips all-in after commission. The Standard account is more expensive, and the Iress platform options in Australia can add fees unless you meet higher balance or trading requirements. Even so, FP Markets is widely known for its competitive pricing and was named Best in Class for Commissions and Fees in 2024. It ranks #11 out of 36 brokers in this category.

In simple terms, City Index is a solid middle-of-the-road broker for fees, while FP Markets is generally the better pick if keeping trading costs low is your top priority.

Feature City Index logoCity Index
FP Markets logoFP Markets
Minimum Deposit info £100.00 $100 AUD
Average spread (EUR/USD) - Standard account info 1.4 info 1.3 info
All-in Cost EUR/USD - Active info 0.9 info 0.9 info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

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Range of investments

City Index and FP Markets both give traders access to forex as CFDs or spot contracts, along with copy trading and cryptocurrency CFDs. Neither broker lets you buy actual shares on U.S. or international stock exchanges, and neither offers delivered cryptocurrency purchases. For everyday traders, that means both platforms focus on leveraged trading products rather than direct ownership of stocks or coins.

When it comes to choice, City Index offers a wider overall selection with 13,500 tradeable symbols compared with 10,000 at FP Markets. City Index also lists 66 forex pairs, while FP Markets offers 71. This helps explain why City Index is rated 5 stars for Range of Investments and ranked #8 out of 36 brokers by ForexBrokers.com, compared with FP Markets at 4.5 stars and #17 out of 36.

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. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) 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

City Index and FP Markets both give traders a wide set of platform choices, including free demo accounts, a proprietary platform, Windows desktop software, web-based access, copy trading, and MetaTrader 4. Each also lets you trade directly from a chart, which can make placing orders quicker and easier. For traders who want practice first or prefer to use a mix of browser, desktop, and social trading tools, both brokers cover the basics well.

The main difference is that FP Markets also offers MetaTrader 5, while City Index does not. In broker ratings for trading platforms and tools, City Index comes out ahead with 4.5 out of 5 stars and a ForexBrokers.com ranking of #11 out of 36, compared with FP Markets at 4 stars and #22 out of 36. That makes City Index the stronger pick overall for platform and tools, while FP Markets still stands out for traders who want MT5 support.

Feature City Index logoCity Index
FP Markets logoFP Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
Charting - Indicators / Studies (Total) info 88 30
Charting - Trade From Chart info Yes Yes

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

Forex trading apps

City Index and FP Markets both make it easy to trade on the go, with iPhone and Android apps, plus price alerts for stocks and forex. Both apps also let users draw trendlines on charts and automatically save those drawings, which is helpful for traders who want to keep track of analysis across sessions. In this part of the comparison, the two brokers are evenly matched on core mobile features.

Where City Index stands out is in charting and account syncing. Its mobile app includes 88 technical studies and watchlist syncing, so changes made in the app also appear in the online account. FP Markets supports mobile charting through MetaTrader’s default tools, but it does not offer watchlist symbol syncing. That difference helps explain why City Index earns a higher mobile app rating, at 4.5 out of 5 stars, and places #9 out of 36 brokers on ForexBrokers.com, while FP Markets is rated 4 stars and ranks #20.

Feature City Index logoCity Index
FP Markets logoFP Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 MetaTrader (Default)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

City Index and FP Markets both give traders useful market research, including daily market commentary, news from major sources like Bloomberg and Reuters, Trading Central tools, sentiment data, and an economic calendar with key global events. That means both brokers cover the basics well for traders who want help following market moves and planning trades. The main difference is that FP Markets also includes Autochartist, while City Index does not, which may appeal to traders looking for extra chart-based ideas.

Overall, City Index has the edge in research. It is rated 4.5 out of 5 stars for Research and is ranked #10 out of 36 brokers by ForexBrokers.com, compared with FP Markets at 4 stars and #22. For traders who want a slightly stronger research package, City Index stands out, though FP Markets still offers a solid set of tools for everyday market analysis.

Feature City Index logoCity Index
FP Markets logoFP Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes Yes
Client sentiment data info Yes Yes
TipRanks info No No
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 give beginners plenty of learning material, including more than 10 pieces focused on forex or CFDs, monthly educational webinars, and at least 10 beginner and 10 advanced trading videos. That means both brokers offer a wide range of lessons for new traders who want to learn the basics and move on to more complex topics at their own pace.

That said, City Index has the edge for education overall. It is rated 4.5 out of 5 stars for Education and ranks #9 out of 36 brokers at ForexBrokers.com, compared with FP Markets’ 4-star Education rating and #22 ranking. For beginners looking for a broker with stronger educational support, City Index comes out ahead, though FP Markets still provides a solid set of learning tools.

Feature City Index logoCity Index
FP Markets logoFP Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos 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 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 90
Range of Investments 5/5 Stars 4.5/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Trading Platforms 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?

As online brokers, City Index and FP Markets do not allow buying actual (delivered) cryptocurrencies; instead, both offer cryptocurrency CFD trading.

What funding options does each broker offer?

City Index vs FP Markets: for deposits and withdrawals, City Index supports ACH/SEPA, PayPal, and bank wire transfers (no Skrill), while FP Markets offers PayPal, Skrill, and bank wire transfers but not ACH/SEPA.

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Overall Rating City Index FP Markets
Overall Rating info 5/5 Stars 4.5/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Trading Platforms 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 90
Winner check_circle
Review City Index Review FP Markets Review
Broker Screenshots City Index FP Markets
Broker Gallery (click to expand) info
City Index MetaTrader 4 mobile trading app City Index web platform trading. City Index web platform research Trading Central City Index educational course advanced.
FP Markets MT5 mobile trading app watchlist FP Markets MetaTrader 5 MT5 desktop platform. FP Markets research blog technical report detail. FP Markets educational lessons.
Regulation City Index FP Markets
Trust Score info 99 90
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 2
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 (FSA Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
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
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA, FSRA, or CMA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
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. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) 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 account info 1.4 info 1.3 info
All-in Cost EUR/USD - Active info 0.9 info 0.9 info
Inactivity Fee info Yes No
Order execution: Agency info No No
Order 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
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms City Index FP Markets
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No Yes
Trading Tools City Index FP Markets
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 88 30
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 Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 MetaTrader (Default)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research City Index FP Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes Yes
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education City Index FP Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs City Index FP Markets
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review City Index Review FP Markets Review
Overall City Index FP Markets
Overall Rating info 5/5 Stars 4.5/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Trading Platforms 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 90
Winner check_circle
Review City Index Review FP Markets Review
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