Is City Index better than XM Group? In our analysis of 23 international regulators across 39 brokers, City Index is considered low-risk, with an overall Trust Score of 99 out of 99. XM Group is considered average-risk, with an overall Trust Score of 87 out of 99. Learn more about Trust Score.
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City Index vs XM Group 2021
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | City Index | XM Group |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading Apps | ||
| Research | ||
| Education | ||
| Trust Score | 99 | 90 |
| City Index Review | XM Group Review | |
| 73% of retail CFD accounts lose money | 73% of retail CFD accounts lose money | |
| Winner | check_circle |
Regulation
| Feature | City Index | XM Group |
| Trust Score | 99 | 90 |
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Year Founded |
1983 | 2009 |
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Publicly Traded (Listed) |
Yes | No |
|
Bank |
No | No |
|
Tier-1 Licenses |
3 | 3 |
|
Tier-2 Licenses |
1 | 2 |
|
Tier-3 Licenses |
0 | 1 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses (High Trust)
| Feature | City Index | XM Group |
|
ASIC Authorised (Australia) |
Yes | Yes |
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IIROC Authorised (Canada) |
No | No |
|
SFC Authorised (Hong Kong) |
No | No |
|
CBI Authorised (Ireland) |
No | No |
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FSA Authorised (Japan) |
No | No |
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MAS Authorised (Singapore) |
Yes | No |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
Yes | Yes |
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CFTC Registered (USA) |
No | Yes |
|
FMA Authorised (New Zealand) |
No | No |
Tier-2 Licenses (Average Trust)
| Feature | City Index | XM Group |
|
CBRC Authorised (China) |
No | No |
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CySEC Authorised (Cyprus) |
Yes | Yes |
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SEBI Authorised (India) |
No | No |
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ISA Authorised (Israel) |
No | No |
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CBR Authorised (Russia) |
No | No |
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FSCA Authorised (South Africa) |
No | No |
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SEC Authorised (Thailand) |
No | No |
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DFSA / Central Bank Authorised (UAE) |
No | No |
Tier-3 Licenses (Low Trust)
| Feature | City Index | XM Group |
| SCB Authorised (Bahamas) | No | No |
| IFSC Authorised (Belize) | No | Yes |
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Cayman Islands Monetary Authority (CIMA) |
No | No |
| BMA Authorised (Bermuda) | No | No |
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FSC Authorised (British Virgin Islands) |
No | No |
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FSC Authorised (Mauritius) |
No | No |
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VFSC Authorised (Vanuatu) |
No | No |
Investments
| Feature | City Index | XM Group |
|
Forex Trading |
Yes | Yes |
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CFD Trading |
Yes | Yes |
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Tradeable Symbols (Total) |
12000 | 1372 |
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Forex Pairs (Total) |
84 | 57 |
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US Stock Trading (Non CFD) |
No | Yes |
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Int'l Stock Trading (Non CFD) |
No | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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Cryptocurrency (Physical) |
No | No |
|
Cryptocurrency (CFD) |
Yes | Yes |
| Crypto Disclaimer (UK) | 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
| Feature | City Index | XM Group |
|
Average Spread EUR/USD - Standard |
1.1 (August 2021) | 1.6 (Aug 2020) |
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All-in Cost EUR/USD - Active |
1.1 (August 2021) | 0.8 (Aug 2021) |
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Active Trader or VIP Discounts |
Yes | No |
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Execution: Agency Broker |
No | No |
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Execution: Market Maker |
Yes | Yes |
Funding
| Feature | City Index | XM Group |
|
Minimum Deposit |
£100.00 | $5 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
Yes | No |
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Skrill (Deposit/Withdraw) |
No | Yes |
Trading Platforms
| Feature | City Index | XM Group |
|
Proprietary Platform |
Yes | No |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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MetaTrader 4 (MT4) |
Yes | Yes |
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MetaTrader 5 (MT5) |
No | Yes |
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cTrader |
No | No |
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DupliTrade |
No | No |
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ZuluTrade |
No | No |
Trading Tools
| Feature | City Index | XM Group |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
20 | 7 |
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Charting - Indicators / Studies (Total) |
139 | 30 |
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Charting - Drawing Tools (Total) |
269 | 15 |
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Charting - Trade From Chart |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes |
Mobile Trading
| Feature | City Index | XM Group |
|
Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watch List |
Yes | Yes |
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Watch List Syncing |
Yes | Yes |
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Charting - Indicators / Studies |
88 | 30 |
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Charting - Draw Trendlines |
Yes | Yes |
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Charting - Trendlines Moveable |
No | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | No |
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Forex Calendar |
Yes | Yes |
Research
| Feature | City Index | XM Group |
|
Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | Yes |
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Autochartist |
No | Yes |
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Trading Central (Recognia) |
Yes | Yes |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
Yes | Yes |
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Economic Calendar |
Yes | Yes |
Education
| Feature | City Index | XM Group |
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Has Education - Forex or CFDs |
Yes | Yes |
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Client Webinars |
Yes | Yes |
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Client Webinars (Archived) |
Yes | No |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | Yes |
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Investor Dictionary (Glossary) |
Yes | No |
Major Forex Pairs
| Feature | City Index | XM Group |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | City Index | XM Group |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading Apps | ||
| Research | ||
| Education | ||
| Trust Score | 99 | 90 |
| City Index Review | XM Group Review |
Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare City Index vs XM Group.
Does City Index or XM Group offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, City Index offers better pricing overall for traders.
Is City Index or XM Group safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both City Index and XM Group hold 3 global Tier-1 licenses. XM Group holds 2 global Tier-2 licenses, while City Index holds 1. In our analysis of 23 international regulators across 50 brokers, City Index earned a higher Trust Score than XM Group.
Which trading platform is better: City Index or XM Group?
To compare the trading platforms of both City Index and XM Group, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, City Index offers a better experience. With research, XM Group offers superior market research. Finally, we found City Index to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. City Index and XM Group both offer copy trading. Both City Index and XM Group offer MetaTrader 4 (MT4).
How many forex pairs and CFDs are available to trade?
City Index provides traders 84 currency pairs (e.g., EUR/USD) compared to XM Group's 57 available pairs. Forex pairs aside, City Index offers traders access to 12000 CFDs while XM Group has 1372 available CFDs, a difference of 10,628.
Can I trust City Index?
City Index is publicly traded, does not operate a bank, and is authorised by three tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). City Index is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS), and the Financial Conduct Authority (FCA).
Can I trust XM Group?
XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). XM Group is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and, via its parent company's other brand Trading.com, with the Financial Conduct Authority (FCA).
Is City Index good?
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.
Is XM Group good?
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
Overall winner: City Index
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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 01/10/2022 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the "Contact" link at the bottom of this page.
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