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City Index vs XM Group 2020

Is City Index better than XM Group? After testing 30 of the best forex brokers over five months, City Index is better than XM Group. Beyond its extensive range of products, multi-asset traders confidently choose City Index for competitive spreads, great platform options, premium research tools, and reliable customer service, all under the backing of GAIN Capital, which is one of the largest retail brokers globally.

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.

Overall Rating

Feature City Index XM Group
Overall 4.5 4
City Index Review XM Group Review
71% of retail CFD accounts lose money 69% of retail CFD accounts lose money

Regulation

Feature City Index XM Group
Trust Score 93 81
Year Founded
1983 2009
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
3 2
Tier-2 Licenses
0 1
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature City Index XM Group
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature City Index XM Group
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
84 57
CFDs - Total Offered
4500 1247
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes No
Offering of Investments 5 4
Winner check_circle

Cost

Feature City Index XM Group
Average Spread EUR/USD - Standard
0.8 (Oct 19) 1.6 (as of Jan 18)
All-in Cost EUR/USD - Active
0.8 (Oct 19) 0.8
Active Trader or VIP Discounts
Yes No
Commissions & Fees 4 3.5
Winner check_circle

Funding

Feature City Index XM Group
Minimum Initial Deposit
£50.00 $5-100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes No
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature City Index XM Group
Proprietary Platform
Yes No
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 No

Trading Tools

Feature City Index XM Group
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
18 (Default MT4/MT5)
Charting - Indicators / Studies (Total)
139 (Default MT4/MT5)
Charting - Drawing Tools (Total)
25 (Default MT4/MT5)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 3.5
Winner check_circle

Mobile Trading

Feature City Index XM Group
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
74 (Default MT4/MT5)
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
Yes No
Mobile Trading 4 3.5
Winner check_circle

Research

Feature City Index XM Group
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No Yes
AutoChartist
Yes Yes
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes
Research 4.5 4
Winner check_circle

Education

Feature City Index XM Group
Has Education - Forex
Yes No
Has Education - CFDs
Yes No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes No
Education 4 4
Winner check_circle

Major Forex Pairs

Feature City Index XM Group
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

Overall

Feature City Index XM Group
City Index Review XM Group Review
Overall 4.5 4
Winner check_circle
To find the top fx brokers, the team here at ForexBrokers.com collected over 3,180 data points during a several month review of the forex industry. In this fx broker comparison, we will compare City Index vs XM Group.

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. City Index is a better option with a 4.00 star rating over XM Group's 3.50 star rating.

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. Both City Index and XM Group are regulated in a major hub. City Index is a publicly traded company while XM Group is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. City Index boasts an offering of 84 different currency pairs compared to XM Group's 57 available pairs.

To round out our comparison of City Index vs XM Group, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. City Index alongside XM Group 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. XM Group boasts an offering of 31 charting tools compared to City Index's 25 available charting tools. XM Group trails City Index by 88 total different indicators (for example, moving averages), with City Index offering 139 and XM Group offering 51.

City Index Review
XM Group Review


Trading CFDs, FX, and cryptocurrencies involve 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 web site as of 01/20/2020 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 link at the bottom of this page.

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