menuclose
Back to Main Menu
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

City Index vs FXOpen 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of City Index vs FXOpen, 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
FXOpen
3.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 76
  • Tradeable Symbols (Total): 87

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 FXOpen are both well-known online brokers, yet they differ in trust levels and regulatory credentials. City Index, established in 1983, is publicly traded and holds an impressive ForexBrokers.com Trust Score rating of 99, indicating it is highly trustworthy. It boasts seven Tier-1 licenses, underscoring its strong regulatory standing. In addition, it holds one Tier-2 license. On the other hand, FXOpen, founded in 2003 and not publicly traded, received a Trust Score of 76, reflecting an average risk according to ForexBrokers.com. FXOpen holds two Tier-1 licenses but does not have any Tier-2 licenses.

Feature City Index logoCity Index
FXOpen logoFXOpen
Year Founded info 1983 2003
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 7 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

Comparing commissions and fees, City Index edges ahead of FXOpen for transparency and overall value. City Index holds a 4.5/5 star rating and ranks #15 out of 63 brokers for Commissions and Fees on ForexBrokers.com, while FXOpen scores 4/5 stars and ranks #45. City Index publishes more pricing details, which helps traders gauge likely costs, whereas FXOpen does not provide average spread data, making direct cost comparisons harder.

City Index pricing for CFDs, forex, and spread betting sits around the industry average, with the best rates typically found on its proprietary platforms or MetaTrader. As of July 2023, the average EUR/USD spread was 0.74 pips—near the market norm, though not as low as leaders like Tickmill and FP Markets. High-volume traders may benefit from the Premium Trader account (for deposits over £10,000) and from tiered rebates: in the U.K., £4 per million traded above £25M per month up to £7.5 per million above £300M; in Australia, AUD $4.5 to $14.5 per million depending on tier.

FXOpen does not publish average spread figures, so real-world costs will depend on live market conditions and the chosen account type. Its 4/5 star rating and #45 ranking indicate it is competitive but trails City Index on pricing clarity and standing. If you’re fee sensitive, consider verifying FXOpen’s live spreads and any commissions on your platform of choice before you trade.

Feature City Index logoCity Index
FXOpen logoFXOpen
Minimum Deposit info £100.00 $100
Average Spread EUR/USD - Standard info 1.4 info N/A info
All-in Cost EUR/USD - Active info 0.74 info N/A info
Active Trader or VIP Discounts [DELETED] info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes No
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

City Index offers far more to trade than FXOpen. City Index lists 13,500 tradeable symbols and 66 forex pairs, while FXOpen offers 87 symbols and 25 currency pairs. Both let you trade forex either via CFDs or spot contracts. Neither broker provides access to exchange-traded securities (real shares) in the U.S. or on international exchanges.

Both platforms support copy trading and let you trade cryptocurrency via derivatives, but neither lets you buy actual crypto for delivery. Reflecting the broader product range, ForexBrokers.com rates City Index 5 out of 5 stars for Range of Investments and ranks it 8th of 63 brokers; FXOpen earns 3 out of 5 stars and ranks 63rd.

Feature City Index logoCity Index
FXOpen logoFXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 87
Forex Pairs (Total) info 66 25
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).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

City Index and FXOpen both make it easy to get started with a free demo (paper trading) account, and each offers web-based and Windows desktop platforms. City Index adds an in-house proprietary platform, while FXOpen sticks to third-party options. Both brokers support MetaTrader 4 (MT4), copy trading, and trading directly from charts. If you want MetaTrader 5 (MT5), FXOpen has it, whereas City Index does not.

For overall platform quality, City Index stands out with a 4.5/5 rating and a #11 ranking out of 63 brokers on ForexBrokers.com, compared with FXOpen’s 4/5 rating and #54 ranking. Choose City Index if you value a polished, broker-built platform alongside MT4 and browser/desktop access; pick FXOpen if MT5 compatibility is a must, while still keeping MT4, copy trading, and chart trading in your toolkit.

Feature City Index logoCity Index
FXOpen logoFXOpen
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
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 [DELETED] info
ZuluTrade [DELETED] info
Charting - Indicators / Studies (Total) info 88 30
Charting - Drawing Tools (Total) [DELETED] info
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields [DELETED] info

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

Forex trading apps

City Index and FXOpen both offer mobile trading apps for iPhone and Android, with price alerts and watchlists showing real-time quotes. In overall app quality, City Index earns 4.5 stars and ranks #9 out of 63 brokers for Mobile Trading Apps, while FXOpen holds 4 stars and ranks #55.

For charting and convenience, City Index pulls ahead: its app includes 88 technical studies versus 30 with FXOpen, saves chart drawings automatically (FXOpen does not), and syncs watchlists with your online account, which FXOpen lacks. Both apps let you draw trendlines and switch among multiple time frames. If you want deeper chart tools and smoother cross-device workflow, City Index is the stronger pick; FXOpen covers the basics for on-the-go trading.

Feature City Index logoCity Index
FXOpen logoFXOpen
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 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

City Index and FXOpen both cover the basics of market research well: each provides daily market commentary, forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and an economic calendar for tracking global events. Where they differ is overall strength and recognition. City Index holds a 4.5-star Research rating and is ranked 10th by ForexBrokers.com, while FXOpen earns 3 stars and is ranked 64th.

In terms of tools, neither broker offers Autochartist. City Index stands out with Trading Central integration and a sentiment tool that shows the ratio of long vs. short positions—two features FXOpen does not list. City Index does not include TipRanks or Acuity Trading; FXOpen’s availability of TipRanks or Acuity Trading is not specified. If you want deeper, built-in analysis and trader sentiment alongside premium news, City Index offers more in-platform research than FXOpen.

Feature City Index logoCity Index
FXOpen logoFXOpen
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
Client sentiment data info Yes No
TipRanks info No
Signal Centre (Acuity Trading) info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginner traders comparing education at City Index vs FXOpen, City Index is the stronger choice. It runs at least one educational client webinar every month and offers 10+ beginner videos, plus 10+ advanced videos for when you’re ready to go further. City Index earns 4.5 out of 5 stars for Education and ranks #9 out of 63 brokers on ForexBrokers.com. By contrast, FXOpen does not run monthly educational webinars and does not offer 10+ beginner or advanced videos. Its Education rating is 3 out of 5, and it ranks #59 out of 63.

Details were not provided on whether either broker meets the “10+ pieces” threshold for a broader forex or CFD education library, whether they keep a searchable archive of past webinars, or whether they offer an investor dictionary with 50+ terms. If you want steady webinars and a deeper lineup of videos to learn the basics of forex and CFDs, City Index stands out, while FXOpen’s learning content is more limited for newcomers.

Feature City Index logoCity Index
FXOpen logoFXOpen
Education (Forex or CFDs) info
Webinars info Yes No
Client Webinars (Archived) [DELETED] info
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) [DELETED] info

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 FXOpen. City Index finished with an overall rank of #8, while FXOpen finished with an overall rank of #54.

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
FXOpen logoFXOpen
Overall Rating info 5/5 Stars 3.5/5 Stars
Trust Score info 99 76
Range of Investments 5/5 Stars 3/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with City Index or FXOpen?

Both City Index and FXOpen do not offer the ability to buy actual delivered cryptocurrency, but they do provide the option to trade cryptocurrency derivatives.

What funding options does each broker offer?

When comparing online brokers City Index and FXOpen, City Index provides a more diverse range of deposit and withdrawal options, supporting ACH, SEPA transfers, PayPal, Visa, Mastercard, and bank wires, whereas FXOpen, although offering the convenience of Skrill along with Visa, Mastercard, and bank wires, does not support ACH, SEPA transfers, or PayPal.

More Comparisons

City Index vs Earn City Index vs Axi City Index vs BlackBull Markets City Index vs Fineco City Index vs FXPrimus City Index vs OANDA FXOpen vs City Index FXOpen vs IC Markets FXOpen vs Tickmill FXOpen vs Axi FXOpen vs easyMarkets FXOpen vs GBE brokers

Show all



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.

Select Brokers

↓×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmirals
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxi
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxEarn
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFineco
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXGT.com
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxiFOREX
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxIUX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMarkets4you
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxMultiBank
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxRoboForex
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade

Compare

0 of 5
× City Index
× FXOpen
Sponsored

+ Add Broker

Close Menu ×

navigate_before navigate_next
Overall Rating City Index FXOpen
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 3/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3/5 Stars
Trust Score info 99 76
Winner check_circle
Review City Index Review
Broker Screenshots City Index FXOpen
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.
Regulation City Index FXOpen
Trust Score info 99 76
Year Founded info 1983 2003
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 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) City Index FXOpen
Australia (ASIC Authorised) info Yes No
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
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
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 FXOpen
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments City Index FXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 87
Forex Pairs (Total) info 66 25
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).
Cost City Index FXOpen
Average Spread EUR/USD - Standard info 1.4 info N/A info
All-in Cost EUR/USD - Active info 0.74 info N/A info
Active Trader or VIP Discounts [DELETED] info
Inactivity Fee info Yes Yes
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding City Index FXOpen
Minimum Deposit info £100.00 $100
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms City Index FXOpen
Proprietary Desktop Trading Platform info Yes No
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 No
DupliTrade [DELETED] info
ZuluTrade [DELETED] info
Trading Tools City Index FXOpen
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields [DELETED] info
Charting - Indicators / Studies (Total) info 88 30
Charting - Drawing Tools (Total) [DELETED] info
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading City Index FXOpen
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 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research City Index FXOpen
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
TipRanks info No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education City Index FXOpen
Education (Forex or CFDs) info
Webinars info Yes No
Client Webinars (Archived) [DELETED] info
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) [DELETED] info
Major Forex Pairs City Index FXOpen
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
Overall City Index FXOpen
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 3/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3/5 Stars
Trust Score info 99 76
Winner check_circle
Review City Index Review
arrow_upward

close
navigate_before navigate_next