City Index
ForexTB
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Overview
City Index was founded in 1983 and is headquartered in UK, while ForexTB was established in 2015 and is based in Cyprus. City Index holds licences including Financial Conduct Authority (FCA), while ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. City Index serves 14,000+ clients worldwide; ForexTB has 5,000+. The minimum deposit is $25 at City Index and $250 at ForexTB.
| Feature | City Index | ForexTB |
|---|---|---|
| Min. Deposit | $25 | $250 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 |
| Founded | 1983 | 2015 |
| Country | UK | Cyprus |
| Clients | 14,000+ | 5,000+ |
Fees
Fees are a critical factor when choosing between City Index and ForexTB, directly affecting your bottom line as a trader. City Index has a lower barrier to entry with a minimum deposit of $25 (vs $250 at ForexTB). City Index charges withdrawal fees while ForexTB does not, a notable advantage for frequent withdrawers. City Index applies inactivity fees on dormant accounts; ForexTB does not. City Index charges deposit fees; ForexTB does not. Overall, City Index scores higher on fees in our assessment.
| Feature | City Index | ForexTB |
|---|---|---|
| Min. Deposit | $25 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
City Index offers MT4, MT5, cTrader, while ForexTB supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. City Index supports social and copy trading features, which ForexTB does not offer. The two brokers are closely matched on platform offering.
| Feature | City Index | ForexTB |
|---|---|---|
| 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 Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how City Index and ForexTB compare. ForexTB runs regular live webinars; City Index does not. ForexTB has a video library; City Index does not. ForexTB publishes daily market commentary; City Index does not. ForexTB integrates third-party research tools (Trading Central); City Index does not. ForexTB maintains an archive of past webinars for on-demand viewing. ForexTB scores higher overall in education and research.
| Feature | City Index | ForexTB |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
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 ForexTB 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 | ForexTB |
|---|---|---|
| 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 ForexTB offer live chat support. Both provide phone support. Email support is available at both brokers. City Index supports 6 languages and ForexTB supports 2, giving City Index broader global reach. Both brokers are comparable on support quality.
| Feature | City Index | ForexTB |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, German, Arabic, Polish, and Chinese | English, and Chinese |