City Index vs FP Markets 2026
By Akash · Facts re-checked (UTC)
Here is how City Index and FP Markets compare on regulation, costs and platforms.
City Index is a trading name of StoneX Financial Ltd, regulated by the FCA (446717), offering spread bets and CFDs on its Web Trader with TradingView charts and MT4.
68% of retail CFD accounts lose money with this provider.
FP Markets is an Australian-founded CFD broker offering MT4, MT5, cTrader and TradingView with Standard and Raw accounts, operating through entities regulated by ASIC, CySEC, FSCA and the FSA Seychelles.
Side by side
| City Index | FP Markets | |
|---|---|---|
| Regulators | FCA | ASIC, CySEC, FSCA, FSA Seychelles |
| Minimum deposit | £100 minimum initial deposit for MT4 / new cards (UK) | – |
| Spreads from | 0.5 pts on MT4; 0.8 pts on standard platform (UK) | from 0.0 pips (Raw) |
| Commission | None on MT4 except shares | US$3 per lot per side (Raw, MT4/MT5) |
| Max leverage | – | 1:500 (MT4/MT5/cTrader, non-EU/non-AU entity) |
| Platforms | ||
| Retail accounts losing money | 68% | – |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: City Index review · FP Markets review.
Frequently asked questions
Are City Index and FP Markets regulated?
City Index: FCA. FP Markets: ASIC, CySEC, FSCA, FSA Seychelles.
Which has tighter spreads, City Index or FP Markets?
Published spreads start from 0.5 pts on MT4; 0.8 pts on standard platform (UK) at City Index and from 0.0 pips (Raw) at FP Markets; commission: City Index None on MT4 except shares, FP Markets US$3 per lot per side (Raw, MT4/MT5).
More City Index comparisons
More FP Markets comparisons
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 the full risk warning