City Index vs FP Markets (2026): regulation, platforms and costs compared

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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan

City Index

Trust rank #16 · Founded 1983

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.…

Read the City Index review

FP Markets

Trust rank #23 · Editorial rating 9 / 10 · Founded 2005

FP Markets is a well-regarded forex broker providing access to currencies and CFDs on popular platforms, supported by research tools and education. It offers broad market coverage, platform choice, and multilingual customer…

Read the FP Markets review

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. FP Markets (Australia, founded 2005) holds 4 regulatory licences (ASIC, CMA, CySEC, FSCA), 1 of them tier-1, offers cTrader, MT4, MT5 and sits in our low-fee bracket. The two overlap in 224 countries; City Index is available in 6 countries where FP Markets is not, and FP Markets in 1 where City Index is not.

Verdict at a glance

  • City Index leads on trust rank, track record, country coverage and tier-1 licences.
  • FP Markets leads on regulatory coverage, platform choice and instrument range.
  • Level on fee level.

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 FP Markets: side-by-side data

CriteriaCity IndexFP Markets
Editorial ratingNot verified9 / 10
Trust rank#16#23
Founded19832005
HeadquartersUnited KingdomAustralia
RegulatorsASIC, FCAASIC, CMA, CySEC, FSCA
Broker typeMarket MakerDMA, ECN, STP
PlatformsMT4, ProprietarycTrader, MT4, MT5
InstrumentsCommodities, Forex, Indices, MetalsCommodities, Cryptocurrencies, Forex, Indices, Metals
Countries accepted230 countries225 countries
Fee levelLowLow
Trading typesCFD Trading, Spot TradingCFD Trading, Spot Trading
Best-for use casesRetail TradingCopy Trading, Professional 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)

FP Markets

  • ASIC & CySEC regulated
  • Raw ECN spreads from 0.0 pips
  • Fast execution and deep liquidity
  • MT4/MT5 platforms with EAs, hedging & scalping
  • Low commissions on RAW account

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

FP Markets

  • No negative balance protection across all entities
  • No investor compensation scheme (ASIC clients)
  • IRESS platform and market data fees
  • Withdrawal fees on international bank wires/selected methods
  • Not available to US residents

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

FP Markets

  • Multi asset Forex and CFD trading on MT4 MT5 cTrader and Iress
  • ECN raw spreads deep liquidity and low latency execution
  • ASIC and CySEC regulated with segregated client funds
  • Advanced trading tools Autochartist VPS and copy trading
  • MAM PAMM accounts for portfolio management
  • Direct market access share CFDs via Iress

Country availability: City Index vs FP Markets

Available at both (224): 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, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island and 184 more.

Only City Index (6): Afghanistan, Iraq, Liberia, Libya, Somalia, Yemen.

Only FP Markets (1): Canada.

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 FP Markets: common questions

Which broker is more regulated, City Index or FP Markets?

FP Markets holds more regulatory licences: City Index (ASIC, FCA) versus FP Markets (ASIC, CMA, CySEC, FSCA). Tier-1 licences: City Index 2, FP Markets 1.

Which trading platforms do City Index and FP Markets offer?

City Index offers MT4, Proprietary; FP Markets offers cTrader, MT4, MT5.

Which has lower fees, City Index or FP Markets?

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 FP Markets?

City Index is the older of the two, founded in 1983; FP Markets was founded in 2005.

Are City Index and FP Markets available in the same countries?

They overlap in 224 countries. City Index is additionally available in 6 countries (Afghanistan, Iraq, Liberia, Libya, Somalia, Yemen) and FP Markets in 1 countries (Canada).

Keep comparing

City Index

FP Markets

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.