Advertiser disclosure: some links on this page may be affiliate links, meaning BrokerCatalogue may earn a commission if you open an account. This never affects the data shown here, which is drawn from our catalogue and compared mechanically. How we make money.
Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
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
Trust rank #9 · Founded 1999
FXCM is a well-regarded forex broker that provides access to currency pairs on proprietary and third-party trading platforms, with market research, education, and risk management tools. It operates through regulated entities.
Read the FXCM reviewCity 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. FXCM (United Kingdom, founded 1999) holds 4 regulatory licences (ASIC, CySEC, FCA, FSCA), 2 of them tier-1, offers MT4, Proprietary, TradingView and sits in our low-fee bracket. The two overlap in 226 countries; City Index is available in 4 countries where FXCM is not, and FXCM in 0 where City Index is not.
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.
| Criteria | City Index | FXCM |
|---|---|---|
| Trust rank | #16 | #9 |
| Founded | 1983 | 1999 |
| Headquarters | United Kingdom | United Kingdom |
| Regulators | ASIC, FCA | ASIC, CySEC, FCA, FSCA |
| Broker type | Market Maker | STP |
| Platforms | MT4, Proprietary | MT4, Proprietary, TradingView |
| Instruments | Commodities, Forex, Indices, Metals | Commodities, Cryptocurrencies, Forex, Indices |
| Countries accepted | 230 countries | 226 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading, Spot Trading | CFD Trading, Spot Trading |
| Best-for use cases | Retail 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.
Available at both (226): Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, 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 186 more.
Only City Index (4): Belgium, Hong Kong, India, Japan.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
FXCM holds more regulatory licences: City Index (ASIC, FCA) versus FXCM (ASIC, CySEC, FCA, FSCA). Tier-1 licences: City Index 2, FXCM 2.
City Index offers MT4, Proprietary; FXCM offers MT4, Proprietary, TradingView.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
City Index is the older of the two, founded in 1983; FXCM was founded in 1999.
They overlap in 226 countries. City Index is additionally available in 4 countries (Belgium, Hong Kong, India, Japan) and FXCM 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.