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 and FxPro are two prominent online brokers offering competitive trading experiences, yet their commissions and fees structures reveal distinct differences. City Index has a rating of 4.5 stars for its commissions and fees, ranked #14 out of 62 brokers by ForexBrokers.com. It offers pricing for CFDs, forex, and spread-betting products that aligns with industry norms, with an average spread of 0.74 pips on the EUR/USD. For those who maintain deposits over £10,000, the Premium Trader account offers exclusive pricing and dedicated services. City Index also provides active trader rebates starting at £4 per million for volumes over £25 million per month in the UK and AUD $4.5 per million in Australia. Although competitive, City Index’s pricing is just behind other top forex brokers like Tickmill and FP Markets.
In comparison, FxPro holds a 4-star rating for commissions and fees, positioned as the #32 broker by the same ranking. FxPro's pricing is generally higher than industry averages. While its cTrader platform offers the most appealing spreads with a commission-based model, its effective spread on the EUR/USD is about 1.27 pips. On platforms like MetaTrader, FxPro provides both variable and fixed spreads, yet requires a minimum distance of 1 pip for stop and limit orders. Among these platforms, the variable spread model shows higher spreads of 1.58 pips on MT4 and 1.51 pips on MT5 for market execution accounts. Despite an Active Trader program offering up to a 30% discount, FxPro's fee structure remains less competitive compared to leaders like Pepperstone and IC Markets.
| 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.
City Index and FxPro both offer forex trading through CFDs and spot contracts, with City Index providing 13,500 tradeable symbols compared to FxPro’s 2,249. While City Index offers 66 forex pairs, FxPro has a slight edge with 70 pairs. Neither platform offers exchange-traded securities on U.S. exchanges, but FxPro enables clients to trade international securities, whereas City Index does not. Both brokers support copy trading and offer cryptocurrency derivatives, but you can't buy actual cryptocurrencies on either platform. City Index stands out with a 5-star rating for the range of investments, ranking #8 by ForexBrokers.com, while FxPro is rated 4 stars and ranks #28.
For those seeking a wider variety of investment options, City Index presents a more extensive portfolio with a higher overall rating for its range of investments. FxPro, however, provides access to international exchange-traded securities, distinguishing it for clients interested in global equities outside the U.S. Both platforms deliver comprehensive trading opportunities but cater to slightly different investment priorities. Ultimately, the choice between City Index and FxPro will depend on what a trader values most in terms of investment diversity and accessibility to international markets.
| 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 the trading platforms and tools of City Index and FxPro, both brokers offer a comprehensive suite of options for their users. Both provide simulated trading with free virtual demo accounts, proprietary and web-based platforms, and the widely popular MetaTrader 4 (MT4). Notably, only FxPro supports MetaTrader 5 (MT5), while both brokers are compatible with Windows-based desktop platforms but do not offer DupliTrade or ZuluTrade. Both platforms support trading directly from charts; however, City Index stands out with a significantly higher number of drawing tools for charting—239 compared to FxPro's 25—and offers a more detailed watch list with 11 columns, versus FxPro's 6.
City Index receives high praise with a 4.5-star rating for its trading platforms and tools, ranking 10th out of 62 brokers according to ForexBrokers.com, while FxPro has a 4-star rating and is ranked 17th. These rankings reflect City Index's strong offerings and comprehensive features that cater well to traders seeking sophisticated tools, whereas FxPro provides a solid but slightly less expansive set of features. Overall, City Index and FxPro are competitive, but City Index tends to offer a wider array of tools for more advanced trading needs.
| 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 platforms offer solid features for traders on the go. They cater to both iPhone and Android users with dedicated apps. Traders can expect stock and forex price alerts and the ability to sync watchlists between their mobile app and online account on both platforms. However, when it comes to technical studies available for charting, City Index takes the lead by providing 88 studies, surpassing FxPro’s offering of 65. Both apps support drawing trendlines and viewing different time frames on charts. They also auto-save chart drawings and allow users to create watchlists with real-time quotes, ensuring a seamless trading experience.
In terms of ratings, both City Index and FxPro score a commendable 4.5 out of 5 stars for their mobile trading apps. However, City Index is ranked #9 for Mobile Trading Apps by ForexBrokers.com, while FxPro ranks at #15 out of 62 brokers. This gives City Index a slight edge in terms of recognition and ranking. Overall, whether you choose City Index or FxPro, their mobile apps provide comprehensive features to meet the needs of modern traders.
| 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 the market research offerings of City Index and FxPro, both platforms impress with daily market commentary and deliver forex news from reputable sources like Bloomberg and Reuters. However, neither broker includes tools from Autochartist or Acuity Trading, but both do provide technical analytics via Trading Central. Additionally, both City Index and FxPro offer sentiment-based trading tools to track trader positioning across a variety of markets, and each features an economic calendar for global news events, ensuring investors stay informed.
Despite these similarities, there are notable differences in research quality and ranking. City Index achieves a higher research rating, earning 4.5 stars against FxPro’s 4 stars. This advantage is also reflected in their rankings by ForexBrokers.com, where City Index holds the 10th spot out of 62 brokers, while FxPro ranks at 26th. Ultimately, for traders prioritizing comprehensive market research, City Index may hold a slight edge over FxPro.
| 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 it comes to educational resources for beginners, City Index and FxPro both offer solid foundations for those new to trading. City Index boasts over 10 pieces of educational content primarily focused on forex and CFDs, including articles, videos, and webinars. They also host monthly webinars and allow users to access a searchable archive of past sessions. With a blend of over 10 beginner-focused educational videos and an investor dictionary covering more than 50 investing terms, City Index ensures a comprehensive learning experience. Rated at 4.5 stars for education, City Index ranks impressively at 9th out of 62 brokers in the Education category according to ForexBrokers.com.
FxPro also provides beginners with an array of educational materials, offering at least 10 articles, videos, and archived webinars concentrating on forex and CFDs. While they do not offer live monthly webinars, FxPro includes a searchable archive of recorded webinars and a selection of beginner-focused videos. However, they fall short in advanced educational videos for experienced traders. Despite this, FxPro matches City Index with an investor dictionary of over 50 terms, achieving a 4-star rating for education. Positioned at 18th in the Education category out of 62 brokers, FxPro remains a competitive option, though slightly trailing behind City Index.
| 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 62 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
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FxPro
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 93 |
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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.
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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 (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 |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | City Index Review | FxPro Review |
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