City Index
Xtrade
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Overview
City Index was founded in 1983 and is headquartered in UK, while Xtrade was established in 2003 and is based in Australia. City Index holds licences including Financial Conduct Authority (FCA), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. City Index serves 14,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $25 at City Index and $1 at Xtrade.
| Feature | City Index | Xtrade |
|---|---|---|
| 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 | 2003 |
| Country | UK | Australia |
| Clients | 14,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between City Index and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $25 at City Index). City Index charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. City Index applies inactivity fees on dormant accounts; Xtrade does not. City Index charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | City Index | Xtrade |
|---|---|---|
| Min. Deposit | $25 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
City Index offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. City Index supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | City Index | Xtrade |
|---|---|---|
| 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 | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how City Index and Xtrade compare. The two brokers are evenly matched on educational content.
| Feature | City Index | Xtrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. City Index uniquely supports bank transfer and credit/debit card and PayPal among the two brokers. City Index scores higher on deposit and withdrawal flexibility.
| Feature | City Index | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | Yes | Not available |
| Skrill | No | Not available |
| Neteller | No | Not available |
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 Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. City Index offers multilingual support. Both brokers are comparable on support quality.
| Feature | City Index | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, German, Arabic, Polish, and Chinese | Not available |