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City Index vs Xtrade 2023

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Written by ForexBrokers.com

August 29, 2023

Is City Index better than Xtrade? In our analysis of 23 international regulators across 62 of the best forex brokers, City Index is considered Highly Trusted, with an overall Trust Score of 99 out of 99. Xtrade is considered trusted, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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Overall Rating City Index Xtrade
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 2.5/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 3/5 Stars
Mobile Trading 5/5 Stars 3/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 80
Winner check_circle
Review City Index Review
Broker Screenshots City Index Xtrade
Trading Platforms Gallery (click to expand) info
City Index web platformzoom_in City Index web platform chartingzoom_in City Index web platform market viewzoom_in City Index web platform watchlistzoom_in City Index MT4 desktop trading platformzoom_in City Index AT Pro desktopzoom_in City Index AT Pro desktop chartszoom_in City Index AT Pro desktop trading systemszoom_in City Index AT Pro desktop indicator orderzoom_in
Mobile Trading Gallery (click to expand) info
City Index MetaTrader 4 mobile trading appzoom_in City Index MetaTrader 4 mobile trading economic calendarzoom_in City Index MetaTrader 4 mobile trading watchlistzoom_in City Index MetaTrader 4 mobile trading chartszoom_in
Research Gallery (click to expand) info
City Index YouTube channel videos.zoom_in City Index YouTube shorts.zoom_in City Index web platform research Trading Centralzoom_in City Index Web Trader Trading Central market buzz.zoom_in City Index web platform research Trading Centralzoom_in City Index web platform research Trading Centralzoom_in City Index research weekly market analysiszoom_in
Education Gallery (click to expand) info
City Index educational articleszoom_in City Index YouTube channelzoom_in City Index YouTube channelzoom_in City Index educational videoszoom_in City Index educational course quizzes.zoom_in City Index educational videos YouTube playlist.zoom_in City Index educational courses.zoom_in
Regulation City Index Xtrade
Trust Score info 99 80
Year Founded info 1983 2003
Publicly Traded (Listed) info Yes No
Bank info No No
European Union Authorised (MiFID) info Yes info Yes
Tier-1 Licenses info 7 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) City Index Xtrade
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
European Union Authorised (MiFID) info Yes info Yes
Tier-2 Licenses (Trusted) City Index Xtrade
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments City Index Xtrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 142
Forex Pairs (Total) info 84 56
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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).
Cost City Index Xtrade
Average Spread EUR/USD - Standard info 1.4 info N/A info
All-in Cost EUR/USD - Active info 0.74 info N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info Yes No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding City Index Xtrade
Minimum Deposit info £100.00 $250
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms City Index Xtrade
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools City Index Xtrade
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes No
Watchlists - Total Fields info 11 9
Charting - Indicators / Studies (Total) info 88 N/A
Charting - Drawing Tools (Total) info 239 18
Charting - Trade From Chart info Yes No
Charts can be saved info Yes No
Mobile Trading City Index Xtrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes No
Mobile Watchlist info Yes No
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 N/A
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes No
Mobile Charting - Drawings Autosave info Yes No
Forex Calendar info Yes No
Research City Index Xtrade
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education City Index Xtrade
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs City Index Xtrade
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review City Index Review
Overall City Index Xtrade
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 2.5/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 3/5 Stars
Mobile Trading 5/5 Stars 3/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 80
Winner check_circle
Review City Index Review
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City Index vs Xtrade Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare City Index vs Xtrade.

Does City Index or Xtrade 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 Xtrade 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 7 global Tier-1 licenses, while Xtrade holds 2. Both City Index and Xtrade hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, City Index (99) earned a higher Trust Score than Xtrade (80).

Which trading platform is better: City Index or Xtrade?

To compare the trading platforms of both City Index and Xtrade, 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. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

City Index provides traders 84 currency pairs (e.g., EUR/USD) compared to Xtrade's 56 available pairs. Forex pairs aside, City Index offers traders access to 13500 CFDs while Xtrade has 142 available CFDs, a difference of 13358.

Can I trust City Index?

City Index is publicly traded, does not operate a bank, and is authorised by seven Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Rier-3 regulator (Average Risk), and one Tier-4 regulator (High Risk). City Index is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS), Canadian Investment Regulatory Organization (CIRO), Japanese Financial Services Authority (JFSA), Commodity Futures Trading Commission (CFTC), Financial Conduct Authority (FCA), and the European Union via MiFID.

Can I trust Xtrade?

Xtrade is not publicly traded and does not operate a bank. Xtrade is authorised by two tier-1 regulators (highly trusted), one tier-2 regulator (trusted), zero tier-3 regulators (average risk), and one tier-4 regulator (high risk). Xtrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), and the European Union Authorized (MiFID).

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 Xtrade good?

Xtrade is regulated in multiple jurisdictions and offers forex and CFD traders its own trading platform, yet with barely 200 symbols that you can trade it trails behind the best forex brokers.

Overall winner: City Index

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” 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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