XM Vs. City Index - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 74.89% of retail CFD accounts lose money.	Visit 69% of retail CFD accounts lose money.
Overview
XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets.	City Index is a global broker founded in 1983 that holds 4 financial licenses and offers advanced trading platforms, mobile apps, diverse market research tools and an extensive range of markets.
Best For
Experienced traders looking to trade shares in high volume using their Zero account MetaTrader users wishing to explore XM's offering while maintaining their preferred platforms	Intermediate and experienced traders looking for a great asset variety on CFDs Experienced traders looking to trade options over 17 asset classes Share and ETF traders looking for a comprehensive offering
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 2 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 4 Other Licenses 0 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) CySec (Cyprus) ADGM (United Arab Emirates)	FCA (UK) ASIC (Australia) MAS (Singapore) ADGM (United Arab Emirates)
The Good
Competitive commissions on their Zero account Modest asset offering of 1500+ tradable instruments (similar to competitors in the same range)	All assets are CFDs, there is no possibility to buy real stocks or ETFs Cryptocurrency offering is below most of its competitors (only 5) While easy to execute a trade, platform is difficult for a novice to navigate
The Bad
No proprietary platforms or technology Expensive spreads and trading fees Lack of asset variety when compared to other brokers in the same range	All assets are CFDs, there is no possibility to buy real stocks or ETFs Cryptocurrency offering is below most of its competitors (only 5) While easy to execute a trade, platform is difficult for a novice to navigate
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2009	1983
💳 Minimum Deposit Range
$5	$100
💰 Payment Methods
Visa Mastercard Bank Transfer Neteller Skrill	Visa Mastercard Maestro Electron PayPal Bank Transfer
💵 Account Base Currencies
11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR.	8 - GBP, USD, EUR, AUD, JPY, PLN, HUF, CHF.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA.	US, CA, SY, IR.
📊 STP Account
No	No
📊 DMA Account
No	No
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
1,382	5,412
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
1,286	4,500
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
57	84
📗 Commodities
0	0
📗 Commodities CFDs
15	30
📕 Indices
0	0
📕 Indices CFDs
14	25
📔 ETFs
0	0
📔 ETFs CFDs
0	740
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
0	5
📒 Bonds
0	0
📒 Bonds CFDs
0	11
📓 Options
0	0
📓 Options CFDs
0	17
📗 Futures
0	0
📗 Futures CFDs
10	0
Trading Experience
📈 Minimum Stock Trade Size
Variable - Fractions allowed	Variable - Fractions Allowed
📉 Minimum ETFs Trade Size
Unavailable	Variable - Fractions Allowed
📈 Minimum Crypto Trade Size
Unavailable	Variable (eg: 0.01 BTC, 1 LTC)
📉 Minimum FX Trade Size
$100 (0.001 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 0.01 Troy ounce of Gold)	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable	1 Unit
📈 Minimum Futures Trade Size
Varies by Commodity (Eg: 0.01 Troy ounce of Gold)	Unavailable
📉 Minimum Options Trade Size
Unavailable	1 Contract
💪 Retail Leverage
30	30
💪 Professional Leverage
500	500
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
No	No
🎓 Demo Account
Yes	Yes
📱 IOS App
No	Yes
📱 Android App
No	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	Yes
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
Yes, $15 one time payment after 1 year of inactivity and then $5 monthly.	12£ monthly after 1 year of inactivity.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
Yes on Zero accounts ($7 per lot round turn).	Spread betting markets have no commission CFDs or FX trading has no commission as well (except equities: shares & ETFs) Equity commissions depend on the market’s location (eg: UK and Europe have a 0.08% of transaction value fee, US equities and Asian ones have different percentages as well) The minimum equity commission rates are $10, £10 or 10€.
Spreads
📈 EUR/USD
Dynamic - From 1.7 Pips	Dynamic - From 0.8 Pips
📉 SP500
Dynamic - From 40 Pips	Dynamic - From 60 Pips
📈 GOLD
Dynamic - From 35 Pips	From 50 Pips
📉 TSLA (Stock CFD)
Dynamic - From $9.4	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable	Dynamic - Market Spread
📉 BTC
Unavailable	Dynamic - From $120
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	Yes
📡 Reuters Feed
No	Yes
📡 Educational Content
Yes	No
📡 Live Chat Support
No	Yes
📡 Video Tutorials
No	No
📡 Account Management
Yes	No
📡 Webinars
Yes	No