City Index vs Pepperstone Review

After spending seven months and hundreds of hours researching 43 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare City Index vs Pepperstone.

To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both City Index and Pepperstone share a rating of 4.00 stars.

Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. City Index alongside Pepperstone are regulated in a major hub. City Index is a publicly traded company, Pepperstone isn't. As far as how many currency pairs are available for trading, here's the answer. Pepperstone trails City Index by 6 total currency pairs (for example, EUR/USD), with City Index offering 65 and Pepperstone offering 59.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. City Index alongside Pepperstone offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. City Index and Pepperstone offer the same number of charting tools, 31. City Index and Pepperstone offer the same number of indicators (eg, volume), 51.

Overall, City Index comes out on top with 4.50 stars over Pepperstone's 4.00 stars. And, when it comes to individual category awards, Pepperstone posted awards Best in Class - Customer Service and Best in Class - Active Trading in 2018, while City Index found itself with none of these.