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

TitleFXTM vs City Index | Broker Comparison

Best trading broker comparisons. We compared FXTM VS City Index 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 FXTM VS City Index

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:

2011

Second broker:

1983

Headquarters Location

First broker:

Limassol, Cyprus

Second broker:

UK (US Parent) + Global Offices

Publicly Traded (Entity or Parent)

First broker:

YES

Second broker:

YES

Regulated?

First broker:

YES

Second broker:

YES

Primary Regulator

First broker:

CySEC

Second broker:

FCA

Minimum Deposit

First broker:

$10

Second broker:

£100

Fixed Spreads?

First broker:

NO

Second broker:

NO

Trading Type

First broker:

ECN, STP

Second broker:

Market Maker

Commissions on Trades

First broker:

YES

Second broker:

NO

CFD Loss Rate

First broker:

69% loss rate on CFDs

Second broker:

72% loss rate on CFDs

Maximum Leverage

First broker:

1:30

Second broker:

1:30

Currency Pairs Offered

First broker:

50+

Second broker:

84

General Average Rating - 3 scale

First broker:

2,13

Second broker:

2,28

Customer Support

Value

Score

Value

Score

Live Chat, Web, Tele, Offices

First broker:

YES

3,0

Second broker:

YES

3,0

Responsiveness

First broker:

Above average

2,5

Second broker:

Better than Average

2,5

FAQs? Quality?

First broker:

Average

2,0

Second broker:

More than adequate

2,5

Summary Score

First broker:

2,50

Second broker:

2,67

General Pros & Cons

Value

Score

Value

Score

Pro #1

First broker:

Auto-trading platform

2,5

Second broker:

Competitive pricing

2,0

Pro #2

First broker:

Social/Copy trading

2,5

Second broker:

Large product offering

2,5

Pro #3

First broker:

Low fees but confusing

2,0

Second broker:

Excellent training/support

2,5

Con #1

First broker:

Low asset coverage

1,5

Second broker:

Focus on begin and mid-level

2,0

Con #2

First broker:

Confusing options platforms

1,0

Second broker:

Advanced API integration weak

1,0

Con #3

First broker:

No spread betting in UK

1,0

Second broker:

No social trading

1,0

Summary Score

First broker:

1,75

Second broker:

1,83