Home page ->Comparison ->City Index vs OctaFX | Broker Comparison

TitleCity Index vs OctaFX | Broker Comparison

Best trading broker comparisons. We compared City Index VS OctaFX to see what key differences we could find.

Our goal was to create a side by side comparison of the approved brokers on wecomparebrokers to give you an at-a-glance overview of their features, broker details and fees. Our broker reviews and comparisons done by us testing accounts with real money and from the traders view point. You can also use our broker finder to look for a broker specific to your requirements.

Below is a comparison between City Index VS OctaFX

In our testing, we used our trading accounts and ranked various points that we liked, did not like or were indifferent to. We tried to be objective and be fair minded when evaluating certain characteristics, based on what features the broker had to offer in compared with how competitive their fees are. Additionally, we have created our own unique rating system which use for judging all brokers in our side-by-side broker comparisons.

Basic Information

Year Founded

First broker:

1983

Second broker:

2011

Headquarters Location

First broker:

UK (US Parent) + Global Offices

Second broker:

St. Vincent & Grenadines

Publicly Traded (Entity or Parent)

First broker:

YES

Second broker:

YES

Regulated?

First broker:

YES

Second broker:

YES

Primary Regulator

First broker:

FCA

Second broker:

CySEC

Minimum Deposit

First broker:

£100

Second broker:

$5

Fixed Spreads?

First broker:

NO

Second broker:

YES

Trading Type

First broker:

Market Maker

Second broker:

ECN, STP

Commissions on Trades

First broker:

NO

Second broker:

NO

CFD Loss Rate

First broker:

72% loss rate on CFDs

Second broker:

73% loss rate on CFDs

Maximum Leverage

First broker:

1:30

Second broker:

1:500

Currency Pairs Offered

First broker:

84

Second broker:

28

General Average Rating - 3 scale

First broker:

2,28

Second broker:

2,10

Customer Support

Value

Score

Value

Score

Live Chat, Web, Tele, Offices

First broker:

YES

3,0

Second broker:

YES

3,0

Responsiveness

First broker:

Better than Average

2,5

Second broker:

96% customer satisfaction

2,5

FAQs? Quality?

First broker:

More than adequate

2,5

Second broker:

Below Average

1,5

Summary Score

First broker:

2,67

Second broker:

2,33

General Pros & Cons

Value

Score

Value

Score

Pro #1

First broker:

Competitive pricing

2,0

Second broker:

STP ECN broker, NDD

2,5

Pro #2

First broker:

Large product offering

2,5

Second broker:

Received many awards

2,5

Pro #3

First broker:

Excellent training/support

2,5

Second broker:

Low fees

2,5

Con #1

First broker:

Focus on begin and mid-level

2,0

Second broker:

Poor asset coverage

1,0

Con #2

First broker:

Advanced API integration weak

1,0

Second broker:

cTrader platform limited

1,0

Con #3

First broker:

No social trading

1,0

Second broker:

Security needs upgrade

1,0

Summary Score

First broker:

1,83

Second broker:

1,75