City Index vs Fineco (2026): regulation, platforms and costs compared
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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
City Index is a well-regarded, regulated forex broker offering forex and CFD trading across a broad range of markets via web and mobile platforms, supported by research, charting, and risk management tools.…
Fineco forex broker offers a multi-asset trading platform with broad currency pair access, built-in research, charting, and risk management tools. It delivers a streamlined web and mobile experience for order placement and…
City Index (United Kingdom, founded 1983) holds 2 regulatory licences (ASIC, FCA), 2 of them tier-1, offers MT4, Proprietary and sits in our low-fee bracket. Fineco (Italy, founded 1999) holds 2 regulatory licences (CONSOB, FCA), 2 of them tier-1, offers Proprietary and sits in our low-fee bracket. The two overlap in 2 countries; City Index is available in 228 countries where Fineco is not, and Fineco in 0 where City Index is not.
Verdict at a glance
City Index leads on track record, platform choice, instrument range and country coverage.
Fineco leads on trust rank.
Level on regulatory coverage, fee level and tier-1 licences.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
City Index vs Fineco: side-by-side data
Criteria
City Index
Fineco
Trust rank
#16
#14
Founded
1983
1999
Headquarters
United Kingdom
Italy
Regulators
ASIC, FCA
CONSOB, FCA
Broker type
Market Maker
Market Maker
Platforms
MT4, Proprietary
Proprietary
Instruments
Commodities, Forex, Indices, Metals
Forex
Countries accepted
230 countries
2 countries
Fee level
Low
Low
Trading types
CFD Trading, Spot Trading
CFD Trading
Best-for use cases
Retail Trading
Retail Trading
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Pros
City Index
Tier-1 regulation (FCA/ASIC/MAS)
Competitive FX spreads
Fast execution and deep liquidity
Proprietary web/mobile platforms + MT4 support
Guaranteed Stop-Loss Orders (GSLO)
Fineco
EU-regulated bank broker; segregated client funds
Negative balance protection (ESMA)
Proprietary PowerDesk platform with advanced charting and order types
Multicurrency account with instant FX conversion
Competitive variable spreads on major FX pairs
Cons
City Index
Inactivity fee applies
No MetaTrader 5 or cTrader support
Spread-only pricing; no raw ECN account
Average FX spreads vs low-cost peers
Not available to U.S. residents
Fineco
No MetaTrader (MT4/MT5) or cTrader support
Retail leverage capped at 1:30 (ESMA/UK)
Smaller FX pair selection vs top brokers
No social/copy trading features
No open API for automated trading
Key features
City Index
Multi asset trading Forex CFDs and Spread Betting
Tier one regulation FCA ASIC MAS and client fund protection
Advanced platforms Web Trader Mobile and MetaTrader 4
Smart Signals performance analytics and advanced charting tools
Guaranteed Stop Loss Orders and negative balance protection
Fast execution competitive spreads and deep liquidity
Fineco
EU Bank Regulated by Bank of Italy and CONSOB
Forex CFDs with ESMA Leverage up to 30 to 1
Proprietary Platforms PowerDesk Web and Mobile
Advanced Charting and Order Types including Trailing Stops
Multicurrency Accounts and Real Time FX Conversion
Negative Balance Protection for Retail Clients
Country availability: City Index vs Fineco
Available at both (2): Italy, United Kingdom.
Only City Index (228): Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire and 203 more.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
City Index vs Fineco: common questions
Which broker is more regulated, City Index or Fineco?
City Index holds more regulatory licences: City Index (ASIC, FCA) versus Fineco (CONSOB, FCA). Tier-1 licences: City Index 2, Fineco 2.
Which trading platforms do City Index and Fineco offer?
City Index offers MT4, Proprietary; Fineco offers Proprietary.
Which has lower fees, City Index or Fineco?
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
Which is older, City Index or Fineco?
City Index is the older of the two, founded in 1983; Fineco was founded in 1999.
Are City Index and Fineco available in the same countries?
They overlap in 2 countries. City Index is additionally available in 228 countries (Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola and 222 more) and Fineco in 0 countries ().
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.