City Index vs OANDA 2026
By Akash · Facts re-checked (UTC)
Here is how City Index and OANDA 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.
OANDA Europe Limited is authorised and regulated by the FCA (FRN 542574) and offers forex and CFDs on OANDA web and mobile, MT4, MT5 and TradingView.
76.6% of retail CFD accounts lose money with this provider.
Side by side
| City Index | OANDA | |
|---|---|---|
| Regulators | FCA | FCA |
| Minimum deposit | £100 minimum initial deposit for MT4 / new cards (UK) | No minimum deposit (OANDA Europe Limited, UK) |
| Spreads from | 0.5 pts on MT4; 0.8 pts on standard platform (UK) | 0.6 pips EUR/USD (UK) |
| Commission | None on MT4 except shares | – |
| Platforms | OANDA webOANDA mobile | |
| Retail accounts losing money | 68% | 76.6% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: City Index review · OANDA review.
Frequently asked questions
What is the minimum deposit at City Index and OANDA?
City Index: £100 minimum initial deposit for MT4 / new cards (UK). OANDA: No minimum deposit (OANDA Europe Limited, UK).
Are City Index and OANDA regulated?
City Index: FCA. OANDA: FCA.
Which has tighter spreads, City Index or OANDA?
Published spreads start from 0.5 pts on MT4; 0.8 pts on standard platform (UK) at City Index and 0.6 pips EUR/USD (UK) at OANDA; commission: City Index None on MT4 except shares, OANDA none listed.
More City Index comparisons
More OANDA 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