City Index vs XM
An in-depth comparison to help you choose the right broker for your trading journey.
QUICK VERDICT
Who Wins?
VS
HEAD-TO-HEAD 
Side-by-Side Comparison
Feature
Overall Rating
4.2/5
4/5
Minimum Deposit
£100
$5
Spreads From
0.5 pips
0.6 pips
Max Leverage
Up to 30:1 (EU)
Up to 1000:1
Instruments
13,500+
1,000+
Fees Score
3.9/5
4.2/5
Platforms Score
4.4/5
4.3/5
Education Score
4.2/5
4.5/5
Safety Score
4.7/5
4.5/5
Platforms
City Index Platform, MetaTrader 4, TradingView
MetaTrader 4, MetaTrader 5, XM WebTrader, XM Mobile App
Founded
1983
2009
Headquarters
London, United Kingdom
Limassol, Cyprus
ANALYSIS
Open City Index Account
Open XM Account
Pros & Cons
Pros
- 40+ years established
- FCA regulated
- Spread betting (tax-free UK)
- TradingView integration
- Extensive markets
Cons
- UK/AU focused
- Higher spreads on some assets
- No cryptocurrency trading
Pros
- Ultra-low $5 minimum deposit
- Excellent educational resources
- Multi-regulated (FCA, CySEC, ASIC)
- No deposit or withdrawal fees
- Excellent customer support (24/5)
Cons
- Higher spreads than ECN brokers
- Limited research tools
- Inactivity fee after 90 days
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