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 |
When comparing the commissions and fees of online brokers City Index and FxPro, City Index emerges as slightly more favorable. City Index, rated 4.5 stars for its commissions and fees, stands at #14 out of 63 brokers according to ForexBrokers.com. Their pricing for CFDs, forex, and spread-betting is generally in line with the industry average, with an average spread of 0.74 pips on the EUR/USD as of July 2023. For active traders meeting a deposit threshold, the Premium Trader account offers exclusive pricing and other benefits, while significant rebates are available to professional traders who exceed monthly trading volume benchmarks.
On the other hand, FxPro is rated 4 stars and ranks #32 out of 63 brokers for commissions and fees. FxPro's pricing tends to be higher than the industry average, which might not be as appealing when compared to industry leaders like Pepperstone or IC Markets. Traders using FxPro’s cTrader platform can experience more competitive pricing, with an effective spread of approximately 1.27 pips on the EUR/USD pair, considering both average spread and commissions. FxPro's variable spreads are available on MT4 and MT5, with spreads beginning at 1.58 pips. The Active Trader program associated with the Elite account offers up to 30% discounts, though this still falls short of similar competitor offerings.
In summary, City Index offers pricing that aligns well with industry standards and provides significant benefits for high-volume traders, making it a preferred choice over FxPro, particularly for those focused on optimizing their trading costs. Despite FxPro's efforts in offering a variety of pricing structures, their higher overall costs might deter cost-conscious traders seeking the best value for their trading activities.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Minimum Deposit | £100.00 | $100 |
| Average Spread EUR/USD - Standard | 1.4 | 1.51 |
| All-in Cost EUR/USD - Active | 0.74 | 1.27 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing City Index and FxPro for their range of investments, both brokers offer numerous options for traders. City Index stands out with 13,500 tradeable symbols, significantly more than FxPro's 2,249 symbols. In terms of forex trading, both platforms provide forex trading as CFDs or spot contracts. City Index offers 66 tradeable forex pairs, while FxPro slightly surpasses this with 70 forex pairs. Neither broker provides access to exchange-traded securities on U.S. exchanges, but FxPro offers international exchange-traded securities, unlike City Index.
Both City Index and FxPro support copy trading, allowing investors to follow successful traders' strategies. However, neither broker offers the ability to buy actual cryptocurrencies; they focus on cryptocurrency derivatives. While City Index is highly rated with five stars for its range of investments, FxPro also maintains a solid four-star rating. According to ForexBrokers.com, City Index ranks #8 out of 63 brokers in the Range of Investments category, showcasing its comprehensive offering, while FxPro ranks #28, reflecting its slightly narrower but still competitive range.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 2249 |
| Forex Pairs (Total) | 66 | 70 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When comparing City Index and FxPro for their trading platforms and tools, both brokers offer a comprehensive set of features suitable for various trading needs. Both platforms provide simulated trading through free virtual demo accounts, allowing traders to practice without financial risk. Each broker has developed its own proprietary platform in-house, and they both support Windows-based desktop downloads and web-based trading, making it easy for traders to access the markets from different devices. Additionally, both City Index and FxPro offer popular trading platforms like MetaTrader 4, though FxPro extends its offerings to include MetaTrader 5, which City Index does not.
In terms of additional tools and capabilities, City Index slightly surpasses FxPro. City Index offers an impressive array of 239 drawing tools for enhanced charting, while FxPro provides 25. Furthermore, City Index’s watch lists allow customization with up to 11 columns, compared to FxPro's six. Both brokers permit trading directly from stock charts, adding convenience for active traders. Overall, City Index earns a higher rating of 4.5 stars for its trading platforms and tools, ranked 11th out of 63 brokers, while FxPro carries a 4-star rating and ranks 17th. This makes City Index a slightly more attractive option for traders focused on a broader range of charting tools and customization features.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 53 |
| Charting - Drawing Tools (Total) | 239 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of City Index and FxPro, both brokers ensure seamless functionality across iPhone and Android devices. Each platform provides stock and forex price alerts, and both apps impressively sync watchlist symbols with online accounts, ensuring a cohesive user experience. Whether using trendlines or exploring multiple time frames on charts, City Index and FxPro have you covered, with each app saving drawings automatically. Furthermore, both platforms allow users to create watchlists with real-time quotes, enhancing the trading experience.
City Index stands out with a more extensive offering of 88 technical studies for charting, compared to FxPro's 65. Both brokers score an impressive 4.5 out of five stars for their mobile trading apps. However, City Index is ranked slightly higher, securing the 9th position among 63 brokers, while FxPro holds the 15th rank. This slight edge reflects City Index's broader range of technical features, though both platforms provide comprehensive tools for traders looking to analyze and engage with the market on-the-go.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 88 | 65 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research offerings, both City Index and FxPro provide daily market commentary and access to forex news from renowned sources like Bloomberg and Reuters. However, neither of these brokers offers tools from Autochartist or market research from TipRanks and Acuity Trading. They both support Trading Central for technical analysis, as well as sentiment-based trading insights and comprehensive economic calendars to facilitate informed trading decisions.
Despite their similarities, City Index is rated slightly higher with 4.5 stars for research, placing it 10th out of 63 brokers on ForexBrokers.com. Meanwhile, FxPro holds a 4-star rating, ranking 26th. Overall, while both platforms deliver solid research capabilities, City Index’s slightly higher standings might make it the preferable choice for traders prioritizing market insights.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources provided by City Index and FxPro, both brokers offer valuable learning materials for beginners in forex and CFDs trading. Each provides a rich selection of educational pieces, such as articles, videos, and archived webinars, which are foundational for new traders. City Index goes a step further by also hosting monthly online educational webinars, a feature FxPro lacks. Both brokers have searchable archives of recorded webinars, ensuring easy access to past sessions.
City Index also boasts a more comprehensive set of educational resources with a range of both beginner and advanced video content. It's a great advantage for traders who want to progress from basic concepts to more sophisticated strategies. Both platforms provide an investor dictionary with over 50 investing terms, which is a helpful tool for newcomers to the trading scene. Overall, City Index is rated higher for its educational offerings, scoring 4.5 stars compared to FxPro's 4 stars, and is ranked 9th among 63 brokers by ForexBrokers.com, while FxPro stands at 18th place.
| Feature |
City Index
|
FxPro
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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 #21.
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
|
FxPro
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 93 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both City Index and FxPro do not provide the option to buy actual delivered cryptocurrency, but they both offer the ability to purchase cryptocurrency derivatives.
City Index and FxPro both support ACH and SEPA transfers, PayPal, Visa, Mastercard, and bank wires for depositing and withdrawing funds, but only FxPro provides the option of using Skrill.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | City Index | FxPro | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | City Index Review | FxPro Review |
| Broker Screenshots | City Index | FxPro | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| 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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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 | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | City Index | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 2249 | |
| Forex Pairs (Total) | 66 | 70 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.4 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.74 | 1.27 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | City Index | FxPro | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | City Index | FxPro | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | City Index | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 6 | |
| Charting - Indicators / Studies (Total) | 88 | 53 | |
| Charting - Drawing Tools (Total) | 239 | 25 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 88 | 65 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | City Index | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | City Index | FxPro | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | City Index | FxPro | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | City Index Review | FxPro Review |
| Overall | City Index | FxPro | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | City Index Review | FxPro Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill