Written by ForexBrokers.com
In this head to head comparison of City Index vs FxPro, 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, founded in 1983, is a well-established online broker that is publicly traded and highly trusted by ForexBrokers.com. It holds an impressive 99 Trust Score, thanks to its possession of 7 Tier-1 licenses, marking it as a top choice for traders seeking credibility and reliability. Although not operating as a bank, City Index stands out in the financial landscape for its transparency and trustworthy regulation, contributing to its esteemed reputation over the decades.
FxPro, established in 2006, combines its role as both an online broker and a bank but is not publicly traded. It holds a strong ForexBrokers.com Trust Score of 93, with 2 Tier-1 licenses and 1 Tier-2 license, which demonstrates a solid level of trust for its clients. While relatively younger than City Index, FxPro has built a commendable standing in the financial arena, offering a lower but still high level of trust for those entering the trading world.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Year Founded | 1983 | 2006 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | Yes |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
City Index offers pricing for CFDs, forex, and spread betting that is broadly in line with the industry average, especially when you use its proprietary platform or MetaTrader. Its EUR/USD spread was 0.74 pips as of July 2023, which keeps costs competitive, though still not as low as the very best forex brokers. Active traders may also benefit from the Premium Trader account if they deposit more than £10,000, plus rebates that can reduce costs further for high-volume clients.
FxPro, by comparison, has higher-than-average pricing overall, which makes it less attractive on commissions and fees than many peers. Its best pricing is on cTrader, where commission-based trading gives an effective EUR/USD cost of about 1.27 pips. On MT4 and MT5, variable spreads are wider, and while FxPro does offer an Active Trader program with discounts of up to 30%, the overall deal still trails stronger low-cost competitors.
In ForexBrokers.com’s Commissions and Fees category, City Index is rated 4.5 out of 5 stars and ranked #16 out of 36 brokers, while FxPro is rated 4 out of 5 stars and ranked #29 out of 36. Overall, City Index comes out ahead for lower trading costs and better pricing value.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Minimum Deposit | £100.00 | $100 |
| Average spread (EUR/USD) - Standard account | 1.4 | 1.6 |
| All-in Cost EUR/USD - Active | 0.9 | 1.3 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, City Index gives traders a wider overall market selection than FxPro. City Index offers 13,500 tradeable symbols, compared with 2,249 at FxPro, and both brokers support forex trading as CFDs or spot contracts. FxPro has a slight edge in forex pairs, with 70 available versus 66 at City Index, but City Index stands out for its much larger product list and strong variety across markets.
Neither broker lets clients buy actual U.S. shares or actual cryptocurrencies, but both do offer cryptocurrency CFDs and copy trading. A key difference is that FxPro offers exchange traded securities on international exchanges, while City Index does not. Even so, City Index is rated higher for range of investments, earning 5 stars and ranking #8 out of 36 brokers, compared with FxPro’s 4 stars and #24 ranking.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 2249 |
| Forex Pairs (Total) | 66 | 70 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
City Index and FxPro both give traders a wide set of platform choices, including free demo accounts, their own in-house platforms, web-based platforms, Windows desktop downloads, copy trading, and MetaTrader 4. Both brokers also let you place trades directly from charts, which can make fast decisions easier for active traders. For platform features overall, the two are closely matched, but FxPro has one extra option that City Index does not: MetaTrader 5.
In independent ratings for trading platforms and tools, City Index comes out ahead with 4.5 out of 5 stars and a #11 ranking out of 36 brokers, while FxPro earns 4 out of 5 stars and ranks #18. That makes City Index the slightly stronger pick overall for platform and tool quality, even though FxPro offers MT5 for traders who want that specific platform.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 53 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
City Index and FxPro both offer mobile trading apps for iPhone and Android, making it easy to trade on the go from either device. Each app also includes stock and forex price alerts, watchlist syncing with the online account, trendline drawing tools, and auto-saving for chart drawings, so users can keep track of markets and their analysis across devices. Both brokers are rated 4.5 out of 5 stars for mobile trading apps, which shows they each deliver a strong mobile experience for everyday traders.
The main difference is in charting depth. City Index offers 88 technical studies in its mobile app, while FxPro provides 65, giving City Index the edge for traders who want more chart indicators on a phone or tablet. That extra charting range likely helps explain why City Index ranks higher for mobile trading apps at #9 out of 36 brokers, compared with FxPro at #15 out of 36.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 88 | 65 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
City Index and FxPro both offer a strong set of market research tools, making each a solid choice for traders who want help staying on top of price moves and news. Both brokers provide daily market commentary, forex news from major sources like Bloomberg and Reuters, Trading Central tools, sentiment data showing long and short positioning, and an economic calendar for tracking global events. Neither broker offers Autochartist, TipRanks, or Acuity Trading research tools.
That said, City Index has the edge in overall research quality. It is rated 4.5 out of 5 stars for Research and ranks #10 out of 36 brokers at ForexBrokers.com, while FxPro is rated 4 out of 5 stars and ranks #23 out of 36. If research tools are a top priority, City Index comes out ahead, though FxPro still covers the main needs well.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for learning support, City Index has the edge over FxPro. City Index offers forex and CFDs education, hosts online educational client webinars at least once a month, and provides at least 10 beginner videos as well as 10 advanced videos for more experienced traders. It is rated 4.5 out of 5 stars for Education and ranks #9 out of 36 brokers by ForexBrokers.com, which points to a stronger all-around learning library.
FxPro also gives beginners a useful base, with at least 10 beginner trading videos and forex or CFDs education available. However, it does not offer monthly educational webinars and does not meet the same level of advanced video support as City Index. FxPro is rated 4 out of 5 stars for Education and ranks #17 out of 36, so while it still offers helpful learning tools, City Index is the better choice for traders who want more educational content and ongoing guidance.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that City Index is better than FxPro. City Index finished with an overall rank of #8, while FxPro finished with an overall rank of #20.
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
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FxPro
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| Trust Score | 99 | 93 |
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In the City Index vs FxPro comparison for cryptocurrency, neither broker supports buying actual (delivered) crypto, but both offer cryptocurrency CFD trading.
Online brokers City Index and FxPro both support ACH/SEPA transfers, PayPal, and bank wire deposits and withdrawals; FxPro also offers Skrill whereas City Index does not, and Visa/Mastercard availability for both is not specified.
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 5| Overall Rating | City Index | FxPro | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | City Index Review | FxPro Review |
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| Regulation | City Index | FxPro | |
|---|---|---|---|
| Trust Score | 99 | 93 | |
| Year Founded | 1983 | 2006 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | Yes | |
| 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 | 2 |
| Tier-1 Licenses (Highly Trusted) | City Index | FxPro | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| 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 | FxPro | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | City Index | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 2249 | |
| Forex Pairs (Total) | 66 | 70 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | FxPro | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.4 | 1.6 | |
| All-in Cost EUR/USD - Active | 0.9 | 1.3 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | City Index | FxPro | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | City Index | FxPro | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes |
| Trading Tools | City Index | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 53 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | City Index | FxPro | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 88 | 65 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | City Index | FxPro | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | City Index | FxPro | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | City Index | FxPro | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | City Index Review | FxPro Review |
| Overall | City Index | FxPro | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | City Index Review | FxPro Review |
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