To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare City Index vs FxPro.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Both City Index and FxPro hold a 4.00 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Both City Index and FxPro are regulated in a major hub. City Index is a publicly traded company, while FxPro is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. City Index offers its clients access to 84 different currency pairs while FxPro has 70 available pairs, a difference of 14.
To round out our comparison of City Index vs FxPro, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. City Index and FxPro both offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. FxPro offers its clients access to 31 charting tools while City Index has 25 charting tools, a difference of 6. City Index offers its clients access to 139 different indicators (for example, volume) while FxPro has 51 available indicators, a difference of 88.
Overall, City Index boasts 4.50 stars versus FxPro's 4.00 stars. And, when it comes to individual category awards, both City Index and FxPro found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018.