TradingCritique

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City Index vs FXCM : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

City Index

City Index

VS
FXCM

FXCM

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Market maker

Market maker

Years of Existence / Established Year

1983

1999

Customer Base / Number of Accounts

1M + active customers

No information


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Regulation & Security

Regulations (governing bodies)

CIRO, CySEC, NFA, CFTC, CIMA, FCA, SFC, FSA, MAS, ASIC

FCA, CySEC, ASIC, FSCA, ISA

Awards Won (count for the last 2 years)

Best trading app, Best CFD provider, Forex broker.com No.1- Performance Analytics new tool, Best in Class overall

Best In Class 2024 - ForexBrokers.com

Security Measures

FSCS

FSCS

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

13,500+ assets types including Shares

10,000+ trading instruments shares

Currency Pairs

Yes

Yes

Commodities

Yes

Yes

Indices

Yes

Yes

Cryptocurrencies

No

Yes

CFDs

Yes

Yes

ETFs

Yes

No

Stocks

No

No

Options

Yes

No

Futures

No

No

Bonds

Yes

No

Mutual Funds

No

No

Fractional Shares

Yes

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

Yes

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

No

No


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

Yes

Yes

MT5

No

No

cTrader

No

No

Social Trading

Yes

Yes

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

City Index mobile trading app

Trading station, Trading View Pro

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Standard, MT4, Corporate account

Standard, Active trading, Spread betting, Professional

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

No

Yes

Minimum Deposit

€100

$50

Leverage Available

30:1

30:1 to 1000:1

Trade Limit (maximum per trade)

Depends on the assets class

50 million per trade

Commission (per account type)

€0

$ 4 / lot

Best Suited For (e.g., beginners, experienced traders)

Beginner to experienced

Active and experienced traders


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Deposit & Withdrawal Options

Deposit Methods

Bank transfer, credit card, debit card, e-wallets

Debit/Credit Card Via mobile app, Bank wire, China online payment, Crypto

Withdrawal Methods

Bank transfer, credit card, debit card, e-wallets

Debit/Credit Card, Bank Wire, Local Bank Transfer, and Online Bank Transfer.

Other E-Wallets Supported

Paypal

Skrill, Neteller, Google pay, Apple pay


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Tools & Educational Resources

Economic Calendar

Yes

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Reuters Insider, News and analysis, Trading tools, Advanced trading view Charts

Education, Trading Guides, Trading Tools, Research


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Fees & Commissions

Trading-Related Fees

UK Shares: 0.10% (min. €8 commission)US Shares: 1.5 cents per share (min. €8 commission)

Spread- 1.3 pips

Spread (typical, fixed, variable)

Fixed and variable spreads

Typical

Per Lot Fees

NA

NA

Options Contract Fees

NA

NA

Futures Contract Fees

NA

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

$0

NA

Maximum Leverage

30:1

1000:1


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Non-Trading Fees

Dormant Fees

$15 monthly fee after 24 months of inactivity

$50

Subscription Fees (for premium features, data feeds)

NA

NA

Advisory Fees

NA

$30

Swap Fees (Overnight Financing)

Yes

No

Statement or Document Fee

NA

NA

Account Opening Fee

NA

$0

Account Maintenance Fee

NA

$25

Deposit Fee

Credit/ debit card- 2%, others - €0

$0

Currency Conversion Fee

Varies by instrument

$0

Withdrawal Fee

Bank fees may apply

$0


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

No

No


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Trading Hours

Trading Hours (for each asset class if applicable)

Varies by instrument

Varies by product


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/5

24/5

Customer Support Methods (phone, email, live chat)

Email: [email protected], Phone: 0800 060 8609, Live chat

WhatsApp: +44 7537 432259 (message only), Email: [email protected], Live chat, Request a call

Support Languages

6

7


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Additional Information

Headquarters Location

1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET

London, United Kingdom

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
City Index is known for competitive pricing on basic trades, especially for beginners. However, FXCM fee structure, though slightly higher, covers a broader range of services, making it more suitable for active traders.
City Index makes starting out easy with a simple application, especially for retail clients. FXCM platform, while requiring more effort to join, allows experienced traders to customize their accounts from the start.
Traders who value simplicity and execution speed may prefer City Index platform. Meanwhile, FXCM offers more flexibility through tools like advanced order types and multi-screen support.
For market veterans, City Index brings the tools they need. New investors might find FXCM more approachable and cost-effective.

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