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City Index vs XTB 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is City Index better than XTB? In our analysis of 23 international regulators across 39 of the best forex brokers, City Index is considered low-risk, with an overall Trust Score of 99 out of 99. XTB is considered low-risk, with an overall Trust Score of 95 out of 99. Learn more about Trust Score.

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Overall RatingCity IndexXTB
Overall Rating 5/5 Stars 5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Offering of Investments 5/5 Stars 5/5 Stars
Platform & Tools 4.5/5 Stars 4.5/5 Stars
Mobile Trading 5/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score 99 95
Winner check_circle
Review City Index Review XTB Review
RegulationCity IndexXTB
Trust Score 99 95
Year Founded 1983 2002
Publicly Traded (Listed) Yes Yes
Bank No No
Authorised in European Union Yes info Yes
Tier-1 Licenses 3 1
Tier-2 Licenses 2 3
Tier-3 Licenses 1 1
Tier-1 Licenses (High Trust)City IndexXTB
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) Yes No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)City IndexXTB
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) Yes Yes
Tier-3 Licenses (Low Trust)City IndexXTB
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No Yes
CIMA Authorised (Cayman Islands) Yes No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsCity IndexXTB
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 13500 12000
Forex Pairs (Total) 84 49
U.S. Stock Trading (Non CFD) No Yes
Int'l Stock Trading (Non CFD) No Yes
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) 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).
CostCity IndexXTB
Average Spread EUR/USD - Standard 1.0 (July 2022) 1.07 (Q3 2022)
All-in Cost EUR/USD - Active 1.0 (July 2022) 1.04 (Q3 2022)
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker No Yes
Execution: Market Maker Yes Yes
FundingCity IndexXTB
Minimum Initial Deposit ยฃ100.00 $0
PayPal (Deposit/Withdraw) Yes Yes
Skrill (Deposit/Withdraw) No Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsCity IndexXTB
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) No No
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading ToolsCity IndexXTB
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 11 8
Charting - Indicators / Studies (Total) 88 39
Charting - Drawing Tools (Total) 81 30
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingCity IndexXTB
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 88 39
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes Yes
Forex Calendar Yes Yes
ResearchCity IndexXTB
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist No No
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes Yes
Economic Calendar Yes Yes
EducationCity IndexXTB
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes Yes
Investor Dictionary (Glossary) Yes No
Major Forex PairsCity IndexXTB
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
Review City Index Review XTB Review
OverallCity IndexXTB
Overall Rating 5/5 Stars 5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Offering of Investments 5/5 Stars 5/5 Stars
Platform & Tools 4.5/5 Stars 4.5/5 Stars
Mobile Trading 5/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score 99 95
Winner check_circle
Review City Index Review XTB Review
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City Index vs XTB Comparison

Comparing forex brokers side by side is no easy task. For our 2023 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 XTB.

Does City Index or XTB 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 XTB 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. City Index holds 3 global Tier-1 licenses, while XTB holds 1. XTB holds 3 global Tier-2 licenses, while City Index holds 2. In our analysis of 23 international regulators across 50 brokers, City Index earned a higher Trust Score than XTB.

Which trading platform is better: City Index or XTB?

To compare the trading platforms of both City Index and XTB, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, XTB offers a better experience. With research, XTB 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. Both City Index and XTB offer MetaTrader 4 (MT4).City Index and XTB both offer copy trading.

How many forex pairs and CFDs are available to trade?

City Index provides traders 84 currency pairs (e.g., EUR/USD) compared to XTB's 49 available pairs. Forex pairs aside, City Index offers traders access to 13500 CFDs while XTB has 12000 available CFDs, a difference of 1500.

Can I trust City Index?

City Index is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), two 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 XTB?

XTB is a publicly traded company that is authorised by one tier-1 regulator (high trust), three tier-2 regulator (average trust), and one tier-3 regulator (low trust). XTB is authorised by the following tier-1 regulator: 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 XTB good?

As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTBโ€™s offers comprehensive educational content and market research.

Overall winner: City Index

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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