City Index vs XM Comparison

City Index vs XM Broker Comparison

City Index versus XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, Advantage Web, Web Trader, AT Pro12,000+FCA, ASIC, MAS
$5MT4, MT51000+ASIC, CySEC, IFSC

City Index and XM Comparison

Both brokers provide support for automated trading, offering MT4. City Index also offers AT Pro, which enables automated trading strategies to be built. XM additionally provides MT5. City Index offers the Advantage Web and Web Trader web trading platforms. City Index is a dealing desk broker, while XM is a no dealing desk STP broker (it won't requote orders and allows styles such as scalping).

City Index can offer many more markets to trade (12,000+) than XM and many other brokers, and a wider range, though XM has a relatively large number (1000+) for an STP NDD broker. When MT4 is compared, XM has a similar number to City Index (as City Index has a reduced number on this platform). Stocks CFDs, which make up the bulk of each offering, are to be found on the Web Trader and AT Pro at City Index and MT5 at XM.

City Index's web trader is suited to discretionary trading (it is possible to trade in a discretionary manner on all the platforms mentioned here).

On MT4 City Index offers 80+ Forex pairs (as well as other markets), versus 60+ at XM.

XM has a relatively low minimum deposit (compared with other brokers) but City Index does not have a minimum deposit (however XM allows smaller trade sizes).

City Index is regulated by the FCA in the United Kingdom, the ASIC in Australia, the MAS in Singapore. XM is regulated by the CySEC in Cyprus and the IFSC in Belize.

Quick comparison

Both brokers have a range of platforms available. Each has MT4, with a similar number of markets. XM has its largest offering on MT5, with 1000+ which is a relatively large number for an NDD STP broker. City Index has more markets on its web traders and AT Pro.

Minimum deposit and account types

City Index does not have a minimum deposit. The minimum deposit for XM is £/$5, but for its XM Zero account it is £/$100.

  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports and a Trading Academy.
  • XM CySEC regulated offers three account types, a Micro and a Standard account, both with minimum deposits of $5 and the XM Zero account, with a minimum deposit of $100. An Islamic account is available for each account type. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions. The Micro and Standard accounts differ in terms of order sizes available.
  • XM ASIC regulated offers the XM Ultra Low account instead of the XM Zero account. XM IFSC regulated offers the Micro, Standard and Ultra Low accounts and a Shares account (with real Shares to own). The minimum deposit for the Ultra Low account is $50. The minimum deposit for the Shares account is $10,000.
  • XM offers an economic calendar, a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, trading tools, market outlook and webinars. XM allows EAs, hedging and scalping.

Markets

  • On Advantage Web, Web Trader and AT Pro, City Index provides Forex, Indices, Energy, Soft Commodities, Metals, Stocks, Cryptocurrencies, Options, ETFs, Bonds, IPOs and Interest Rates, with 12,000+ available. On MT4, it has 80+ Forex pairs. City Index Australia and City Index Singapore have less markets (5,000+), as they do not offer spread betting.
  • On MT4, City Index offers Forex, Indices, Energy, Metals and Soft Commodities, with 110+ available.
  • XM offers Forex pairs, Indices, Energy, Soft Commodities, Metals, Stocks and Cryptocurrencies, with 1000+ available (on MT5; MT4 does not offer Stocks or Cryptocurrency CFDs). On its XM Zero account, it has Forex and Precious Metals, for a total of 55+.

City Index offers 80+ Forex pairs (on MT4), XM offers 60+ Forex pairs.

Cryptocurrency CFD

  • City Index offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (as CFDs or for spread betting).
  • XM offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

City Index provides Forex spreads from 0.5 without a commission charge. XM offers Forex spreads from 1 on its Standard account and 0.6 on its Ultra Low account without a commission charge and from 0 plus a commission charge on its XM Zero account.

Maximum leverage for City Index (FCA regulated) is . Maximum leverage for XM (CySEC regulated) is .

Commissions

  • City Index does not charge commissions, except for Shares CFDs.
  • The XM Zero account charges commission of $3.5 per lot per side (for Forex and Precious Metals).

Online trading platforms

City Index offers two web trading platforms (Advantage Web and Web Trader), MT4 and AT Pro. XM offers MT4 and MT5.

Why City Index or XM ?

Traders who want to trade on MT4 may do so at either broker. Traders who want to trade on MT5, the successor to MT4 can do this at XM (and trade 1000+ markets). Traders who want to trade on a user friendly web trader can find this at City Index. Traders who want to trade on an advanced platform with a relatively large number of technical indicators and use programmable chart signals may do so at City Index on AT Pro. Traders who want to trade with very small trade sizes and with a very low minimum deposit may do so at XM (City Index has no minimum deposit requirement, but does not offer a cent account).

Comparison summary

  • Both brokers offer CFD trading
  • In the UK, City Index additionally provides spread betting
  • Both offer MT4
  • XM additionally provides MT5
  • City Index additionally offers AT Pro and its user friendly Web Trader
  • City Index provides more markets to trade overall
  • XM offers 1000+ markets to trade on MT5
  • City Index does not have a minimum deposit
  • XM has a very low minimum deposit and offers a Micro (cent) account

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