City Index
ForexMart
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Overview
City Index was founded in 1983 and is headquartered in UK, while ForexMart was established in 2015 and is based in Cyprus. City Index holds licences including Financial Conduct Authority (FCA), while ForexMart is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. City Index serves 14,000+ clients worldwide; ForexMart has 10,000+. The minimum deposit is $25 at City Index and $1 at ForexMart.
| Feature | City Index | ForexMart |
|---|---|---|
| Min. Deposit | $25 | $1 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1983 | 2015 |
| Country | UK | Cyprus |
| Clients | 14,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between City Index and ForexMart, directly affecting your bottom line as a trader. ForexMart has a lower barrier to entry with a minimum deposit of $1 (vs $25 at City Index). Both brokers charge withdrawal fees. City Index applies inactivity fees on dormant accounts; ForexMart does not. City Index charges deposit fees; ForexMart does not. Overall, ForexMart scores higher on fees in our assessment.
| Feature | City Index | ForexMart |
|---|---|---|
| Min. Deposit | $25 | $1 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
City Index offers MT4, MT5, cTrader, while ForexMart supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | City Index | ForexMart |
|---|---|---|
| MT4 | Yes | Yes |
| 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 | MT4, WEB, desktop |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how City Index and ForexMart compare. ForexMart runs regular live webinars; City Index does not. ForexMart has a video library; City Index does not. ForexMart publishes daily market commentary; City Index does not. ForexMart integrates third-party research tools (Trading Central, Autochartist); City Index does not. ForexMart maintains an archive of past webinars for on-demand viewing. ForexMart scores higher overall in education and research.
| Feature | City Index | ForexMart |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 ForexMart supports 4 (bank transfer, credit/debit card, Skrill, Neteller). City Index uniquely supports PayPal among the two brokers. ForexMart uniquely supports Skrill and Neteller among the two brokers. ForexMart scores higher on deposit and withdrawal flexibility.
| Feature | City Index | ForexMart |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | Yes |
| Neteller | No | Yes |
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 ForexMart offer live chat support. Both provide phone support. Email support is available at both brokers. City Index supports 6 languages and ForexMart supports 15, giving ForexMart broader global reach. Both brokers are comparable on support quality.
| Feature | City Index | ForexMart |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, German, Arabic, Polish, and Chinese | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |