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City Index vs XTB 2020

Is City Index better than XTB? After grading the best forex brokers on 105 different variables, 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
72% of retail CFD accounts lose money 75% 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 7
Charting - Indicators / Studies (Total)
139 51
Charting - Drawing Tools (Total)
25 31
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 Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
74 30
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
Our ForexBrokers.com team spent several months and hundreds of hours assessing 30 different forex broker accounts for trading FX. In total, over 3,180 data points were collected. For this review, we will compare City Index vs XTB.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Both City Index and XTB share a rating of 4 stars.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. City Index alongside XTB are regulated in a major hub. City Index and XTB are publicly traded companies. How many currency pairs are available to trade? XTB trails City Index by 35 total currency pairs (for example, EUR/USD), with City Index offering 84 and XTB offering 49.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. City Index and XTB both offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. XTB offers its clients access to 31 charting tools while City Index has 25 charting tools, a difference of 6. City Index boasts an offering of 139 different indicators (for example, moving averages) compared to XTB's 51 available indicators.

City Index Review
XTB 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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