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Home ‣ Compare ‣ City Index vs Spreadex 2025

City Index vs Spreadex 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of City Index vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

City Index
5/5 Stars Overall
  • Minimum Deposit: £100.00
  • Trust Score: 99
  • Tradeable Symbols (Total): 13500
Spreadex
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 71
  • Tradeable Symbols (Total): 10000

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.

Regulation

City Index, established in 1983, has cemented its reputation as a highly trusted online broker, largely due to its impressive collection of 7 Tier-1 licenses and 1 Tier-2 license. These licenses indicate a high level of regulatory safety and credibility. As a publicly traded company, City Index achieves a stunning Trust Score of 99 out of 99 from ForexBrokers.com, making it a top choice for traders seeking assurance and reliability.

Conversely, Spreadex, founded in 1999, operates privately and holds 1 Tier-1 license without any Tier-2 licenses, which suggests a moderate level of regulatory trust. With a Trust Score of 71, it falls within the average risk category according to ForexBrokers.com. Both City Index and Spreadex are not banks, offering specialized financial services to their clientele. While Spreadex provides a competitive option, particularly for those comfortable with a moderate risk level, City Index stands out for those prioritizing maximum trust and security in their online trading experiences.

Feature City Index logoCity Index
Spreadex logoSpreadex
Year Founded info 1983 1999
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 7 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

City Index and Spreadex offer competitive commissions and fees, but City Index comes out slightly cheaper on average for forex. City Index’s typical EUR/USD spread was 0.74 pips (July 2023), and you’ll usually get the best pricing on its proprietary platforms or MetaTrader. Spreadex averaged 0.81 pips for EUR/USD in January 2024, though it did hit its 0.6-pip minimum 60% of the time during that month. In short, City Index tends to have the lower average cost, while Spreadex frequently reaches a tighter minimum spread.

City Index adds value for active traders with its Premium Trader account (available to those depositing more than £10,000), offering access to exclusive pricing, events, content, and dedicated support. It also provides volume-based rebates: in the U.K., £4 per million for more than £25M traded per month up to £7.5 per million above £300M; in Australia, AUD $4.5 to $14.5 per million depending on tier. Spreadex’s rebate details were not provided.

Ratings and rankings: City Index earns 4.5 out of 5 stars and ranks #15 out of 63 brokers for Commissions and Fees. Spreadex earns 4 out of 5 stars and ranks #28 out of 63. If you prioritize lower average spreads and potential rebates, City Index is the stronger pick, while Spreadex remains a solid alternative—especially if you often see its 0.6-pip minimum.

Feature City Index logoCity Index
Spreadex logoSpreadex
Minimum Deposit info £100.00 $0
Average Spread EUR/USD - Standard info 1.4 info 0.81 info
All-in Cost EUR/USD - Active info 0.74 info N/A info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

City Index and Spreadex are online brokers that both let you trade forex as CFDs or spot. Each covers thousands of markets, but City Index lists about 13,500 tradeable symbols versus 10,000 at Spreadex. If you focus on currencies, City Index offers 66 forex pairs while Spreadex has 52. Neither broker provides direct share dealing on U.S. or international exchanges; you’d access those stocks via derivatives instead.

Feature-wise, City Index supports copy trading, while Spreadex does not. Both offer cryptocurrency as derivatives (not actual coins). In ForexBrokers.com’s testing of 63 brokers, both earned 5 out of 5 stars for Range of Investments, with City Index ranked #8 and Spreadex ranked #14.

Feature City Index logoCity Index
Spreadex logoSpreadex
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 10000
Forex Pairs (Total) info 66 52
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

City Index and Spreadex both offer free demo (paper) accounts and their own proprietary trading platforms. Each provides a web-based platform, but only City Index adds a Windows desktop platform. City Index also supports copy trading and MetaTrader 4 (MT4), while Spreadex does not; neither broker supports MT5, DupliTrade, or ZuluTrade. Both brokers let you place trades directly from a chart.

For charting and workflow, City Index lists 239 drawing tools versus 11 at Spreadex; indicator counts aren’t specified. Watchlists are more detailed at City Index (11 columns) than at Spreadex (8 columns). In independent testing by ForexBrokers.com, City Index earned 4.5 stars and ranked #11 out of 63 brokers for Trading Platforms and Tools, while Spreadex earned 4 stars and ranked #47. If you want MT4 access, copy trading, and a Windows desktop option alongside a web platform, City Index stands out; if you only need a clean web platform with a demo account, Spreadex covers the basics.

Feature City Index logoCity Index
Spreadex logoSpreadex
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 88 58
Charting - Drawing Tools (Total) info 239 11
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 11 8

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

City Index and Spreadex both offer mobile trading apps for iPhone and Android, complete with price alerts, real-time quote watchlists, trendline drawing tools, and multiple chart time frames. Where they differ is in convenience and continuity: City Index syncs watchlists between the app and web platform, while Spreadex does not. City Index also auto-saves your chart drawings; Spreadex does not.

For charting depth, City Index lists 88 technical studies in its mobile app, whereas Spreadex does not specify how many are available. These strengths are reflected in third-party ratings: City Index earns 4.5 stars and ranks #9 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, compared with Spreadex at 4 stars and #47. If you value advanced chart tools, synced watchlists, and saved annotations, City Index is the stronger pick; Spreadex covers the basics for on-the-go trading.

Feature City Index logoCity Index
Spreadex logoSpreadex
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 N/A
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

City Index and Spreadex both cover the essentials for market research: daily market commentary, real-time forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, sentiment tools that show long and short positioning, and an economic calendar. Neither broker integrates TipRanks or Acuity Trading. The standout difference is in third-party tools—City Index includes Trading Central, while Spreadex offers Autochartist.

For traders who want Trading Central’s analysis alongside in-house research, City Index is the stronger pick, earning 4.5 out of 5 stars and ranking 10th out of 63 brokers for research at ForexBrokers.com. Spreadex is appealing if you prefer Autochartist’s pattern recognition while still getting daily commentary and premium news; it holds 4 out of 5 stars and ranks 32nd out of 63. In short, choose City Index for Trading Central and a higher-rated research experience, or Spreadex if Autochartist is your priority.

Feature City Index logoCity Index
Spreadex logoSpreadex
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

City Index and Spreadex both offer a range of educational resources to help beginners grasp the fundamentals of forex and CFDs, with more than 10 articles, videos, and archived webinars available from each broker. However, City Index stands out by hosting monthly live webinars, which Spreadex does not offer. Furthermore, City Index provides a comprehensive, searchable archive of past webinars, allowing learners to access valuable sessions at their convenience. When it comes to videos, both platforms present a solid collection tailored to beginners, though City Index goes a step further by also offering more than 10 advanced videos designed for experienced traders.

On the support side, both brokers include investor dictionaries with definitions for over 50 investing terms, aiding beginners in understanding industry jargon. However, City Index's robust educational offerings earn it a higher rating of 4.5 stars compared to Spreadex's 4 stars. In the Education category, City Index is ranked 9th out of 63 brokers by ForexBrokers.com, significantly ahead of Spreadex, which is ranked 45th. For beginners looking for comprehensive educational tools and ongoing learning opportunities, City Index clearly holds the edge.

Feature City Index logoCity Index
Spreadex logoSpreadex
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that City Index is better than Spreadex. City Index finished with an overall rank of #8, while Spreadex finished with an overall rank of #39.

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 logoCity Index
Spreadex logoSpreadex
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 71
Range of Investments 5/5 Stars 5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with City Index or Spreadex?

Both City Index and Spreadex do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options to trade cryptocurrency derivatives.

What funding options does each broker offer?

City Index provides a more versatile range of deposit and withdrawal options than Spreadex, with support for ACH or SEPA transfers and PayPal, alongside Visa, Mastercard, and bank wires, while Spreadex only supports Visa, Mastercard, and bank wires.

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Overall Rating City Index Spreadex
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 71
Winner check_circle
Review City Index Review Spreadex Review
Broker Screenshots City Index Spreadex
Broker Gallery (click to expand) info
City Index MetaTrader 4 mobile trading app City Index web platform trading. City Index web platform research Trading Central City Index educational course advanced.
Spreadex web platform. Spreadex research news headlines market analysis. Spreadex educational article risk management.
Regulation City Index Spreadex
Trust Score info 99 71
Year Founded info 1983 1999
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 7 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) City Index Spreadex
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) City Index Spreadex
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments City Index Spreadex
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 10000
Forex Pairs (Total) info 66 52
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 Spreadex
Average Spread EUR/USD - Standard info 1.4 info 0.81 info
All-in Cost EUR/USD - Active info 0.74 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info Yes No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding City Index Spreadex
Minimum Deposit info £100.00 $0
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms City Index Spreadex
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools City Index Spreadex
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 11 8
Charting - Indicators / Studies (Total) info 88 58
Charting - Drawing Tools (Total) info 239 11
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading City Index Spreadex
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 N/A
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research City Index Spreadex
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education City Index Spreadex
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs City Index Spreadex
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review City Index Review Spreadex Review
Overall City Index Spreadex
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 71
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Review City Index Review Spreadex Review
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