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City Index vs XTB 2020

Is City Index better than XTB? After testing 30 of the best forex brokers over five months, City Index is better than XTB. 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 XTB
Overall 4.5 4.5
City Index Review XTB Review
74% of retail CFD accounts lose money 80% of retail CFD accounts lose money

Regulation

Feature City Index XTB
Trust Score 93 92
Year Founded
1983 2002
Publicly Traded (Listed)
Yes Yes
Bank
No No
Tier-1 Licenses
3 1
Tier-2 Licenses
0 1
Tier-3 Licenses
1 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature City Index XTB
ASIC Authorised (Australia)
Yes No
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 XTB
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
84 49
CFDs - Total Offered
4500 1894
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 5 4
Winner check_circle

Cost

Feature City Index XTB
Average Spread EUR/USD - Standard
0.8 (Oct 19) 0.78 (as of Q3 19)
All-in Cost EUR/USD - Active
0.8 (Oct 19) 0.78 (as of Q3 19)
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4 4
Winner check_circle

Funding

Feature City Index XTB
Minimum Initial Deposit
£50.00 $0.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature City Index XTB
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

Trading Tools

Feature City Index XTB
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
18 8
Charting - Indicators / Studies (Total)
139 34
Charting - Drawing Tools (Total)
25 29
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 4
Winner check_circle

Mobile Trading

Feature City Index XTB
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
74 10
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
No Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
Yes Yes
Mobile Trading 4 4
Winner check_circle

Research

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

Education

Feature City Index XTB
Has Education - Forex
Yes Yes
Has Education - 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
Education 4 4
Winner check_circle

Major Forex Pairs

Feature City Index XTB
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 XTB
City Index Review XTB Review
Overall 4.5 4.5
Winner check_circle

Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 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 20 international regulator databases. Here's our findings. City Index holds 3 global Tier-1 licenses, while XTB holds 1. XTB holds 1 global Tier-2 licenses, while City Index holds 0. All regulators considered, City Index has a Trust Score of 93.00, while XTB's Trust Score is 92.00.

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, City Index offers a better experience. With research, City Index 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 XTB both offer copy trading. Both City Index and XTB 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 XTB's 49 available pairs. Forex pairs aside, City Index offers traders access to 4500 CFDs while XTB has 1894 available CFDs, a difference of 2,606.

Overall, between City Index and XTB, City Index is the better forex broker.

City Index Review
XTB Review

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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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