City Index vs FOREX.com
By Akash · Facts re-checked (UTC)
Here is how City Index and FOREX.com compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| City Index | FOREX.com | |
|---|---|---|
| Regulators | FCA | FCA, NFA/CFTC |
| Minimum deposit | £100 minimum initial deposit for MT4 / new cards (UK) | $100 (US); £100 (UK) |
| Spreads from | 0.5 pts on MT4; 0.8 pts on standard platform (UK) | 0.8 pips EUR/USD (Standard account) |
| Commission | None on MT4 except shares | RAW Spread account: EUR/USD from 0.2 points plus commission |
| Max leverage | – | 50:1 (US entity, NFA/CFTC) |
| Platforms | City Index Web Trader (TradingView charts), MetaTrader 4, TradingView | FOREX.com web platform, FOREX.com mobile app, TradingView, MetaTrader 4, MetaTrader 5 |
| Retail accounts losing money | 68% | – |
Full reviews: City Index review · FOREX.com review
Frequently asked questions
What is the minimum deposit at City Index and FOREX.com?
City Index: £100 minimum initial deposit for MT4 / new cards (UK). FOREX.com: $100 (US); £100 (UK).
Are City Index and FOREX.com regulated?
City Index: FCA. FOREX.com: FCA, NFA/CFTC.
Which has tighter spreads, City Index or FOREX.com?
Published spreads start from 0.5 pts on MT4; 0.8 pts on standard platform (UK) at City Index and 0.8 pips EUR/USD (Standard account) at FOREX.com; commission: City Index None on MT4 except shares, FOREX.com RAW Spread account: EUR/USD from 0.2 points plus commission.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read more