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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 #24 · Editorial rating 9 / 10 · Founded 1982
TradeStation forex broker offers forex trading on a well-regarded platform with advanced charting, customizable order tools, and API-driven automation. Users can analyze currency pairs, execute trades, and streamline workflows within a technology-focused…
Read the TradeStation 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. TradeStation (United States, founded 1982) holds 3 regulatory licences (CFTC, FCA, NFA), 3 of them tier-1, offers Proprietary and sits in our low-fee bracket. The two overlap in 227 countries; City Index is available in 3 countries where TradeStation is not, and TradeStation in 6 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 | TradeStation |
|---|---|---|
| Editorial rating | Not verified | 9 / 10 |
| Trust rank | #16 | #24 |
| Founded | 1983 | 1982 |
| Headquarters | United Kingdom | United States |
| Regulators | ASIC, FCA | CFTC, FCA, NFA |
| Broker type | Market Maker | Market Maker |
| Platforms | MT4, Proprietary | Proprietary |
| Instruments | Commodities, Forex, Indices, Metals | Forex |
| Countries accepted | 230 countries | 233 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading, Spot 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 (227): 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, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Cayman Islands, Central African Republic, Chad, Chile, China and 187 more.
Only City Index (3): Iraq, Japan, Libya.
Only TradeStation (6): Antarctica, Bouvet Island, British Indian Ocean Territory, French Southern Territories, Heard Island and McDonald Islands, South Georgia and the South Sandwich Islands.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
TradeStation holds more regulatory licences: City Index (ASIC, FCA) versus TradeStation (CFTC, FCA, NFA). Tier-1 licences: City Index 2, TradeStation 3.
City Index offers MT4, Proprietary; TradeStation offers Proprietary.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
TradeStation is the older of the two, founded in 1982; City Index was founded in 1983.
They overlap in 227 countries. City Index is additionally available in 3 countries (Iraq, Japan, Libya) and TradeStation in 6 countries (Antarctica, Bouvet Island, British Indian Ocean Territory, French Southern Territories, Heard Island and McDonald Islands, South Georgia and the South Sandwich Islands).
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.