City Index
Forex EE
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
City Index was founded in 1983 and is headquartered in UK, while Forex EE was established in 2008 and is based in Grenadines. City Index holds licences including Financial Conduct Authority (FCA), while Forex EE is regulated by Ministry of Economic Affairs in Estonia among others. City Index serves 14,000+ clients worldwide; Forex EE has 10,000+. The minimum deposit is $25 at City Index and $100 at Forex EE.
| Feature | City Index | Forex EE |
|---|---|---|
| Min. Deposit | $25 | $100 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Ministry of Economic Affairs in Estonia |
| Founded | 1983 | 2008 |
| Country | UK | Grenadines |
| Clients | 14,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between City Index and Forex EE, directly affecting your bottom line as a trader. Forex EE has a lower barrier to entry with a minimum deposit of $100 (vs $25 at City Index). Both brokers charge withdrawal fees. City Index applies inactivity fees on dormant accounts; Forex EE does not. City Index charges deposit fees; Forex EE does not. Overall, City Index scores higher on fees in our assessment.
| Feature | City Index | Forex EE |
|---|---|---|
| Min. Deposit | $25 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
City Index offers MT4, MT5, cTrader, while Forex EE supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. City Index supports social and copy trading features, which Forex EE does not offer. City Index edges ahead on platform breadth and functionality in our scoring.
| Feature | City Index | Forex EE |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | MetaTrader 4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how City Index and Forex EE compare. Forex EE has a video library; City Index does not. Forex EE integrates third-party research tools (Autochartist); City Index does not. Forex EE scores higher overall in education and research.
| Feature | City Index | Forex EE |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. City Index accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while Forex EE supports 2 (bank transfer, credit/debit card). City Index uniquely supports PayPal among the two brokers. City Index scores higher on deposit and withdrawal flexibility.
| Feature | City Index | Forex EE |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both City Index and Forex EE offer live chat support. Both provide phone support. Email support is available at both brokers. City Index supports 6 languages and Forex EE supports 2, giving City Index broader global reach. Both brokers are comparable on support quality.
| Feature | City Index | Forex EE |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, German, Arabic, Polish, and Chinese | English, and Chinese |