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 Pepperstone.
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 Pepperstone are rated 4.00 stars.
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. City Index alongside Pepperstone are regulated in a major hub. City Index is a publicly traded company, while Pepperstone is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Pepperstone trails City Index by 25 total currency pairs (for example, EUR/USD), with City Index offering 84 and Pepperstone offering 59.
To round out our comparison of City Index vs Pepperstone, 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 Pepperstone 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. Pepperstone boasts an offering of 31 charting tools compared to City Index's 25 available charting tools. City Index offers its clients access to 139 different indicators (for example, volume) while Pepperstone has 51 available indicators, a difference of 88.
Overall, City Index boasts 4.50 stars versus Pepperstone's 4.00 stars. And, when it comes to individual category awards, Pepperstone was rated Best in Class - Customer Service and Best in Class - Active Trading in 2018, while City Index was rated none of these.