InstaForex vs CityIndex Broker Comparison

Are you trying to figure out which is a better broker, InstaForex or CityIndex? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that InstaForex is the better of the two. InstaForex offers 300+ instruments, licenses from FSC, and fair trading fees.

In the tables below, you can compare the features of InstaForex and CityIndex side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked InstaForex higher than CityIndex.

Rating
95.5/100
94.5/100
Min. Deposit
100$
150$
Regulated By
FSCFSC
FCAFCA
ASICASIC
Bonus
$20
No Information
Min. Spread
3
0.5
Max. Leverage
1:1000
1:500
Currency Pairs
110
84
Trading Instruments
300+
4,500+
Trading Platforms
MT4, MT5, Private
MT4, WebTrader, Private
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, E-Wallets and more
Bank TransferBank transfer, Visa, MasterCard, PayID, PayPal and more
Type of Brokers
ECN
Market Maker
Customer Support
24/7
24/5
Language Support
1
1
Established
2007
1983
Used By
100,000+ Traders
100,000+ Traders

Does InstaForex or CityIndex have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive InstaForex and CityIndex are, we first considered the common fees on Standard Accounts. At InstaForex the average spread for the EUR/USD currency pair is 3 pips, whilst at CityIndex the spread is 0.5.

This shows that CityIndex is the better option for low-cost forex trading.

When it comes to non-trading fees, InstaForex charges for inactivity, withdrawal. CityIndex charges for inactivity. With this in mind, CityIndex has lower non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that CityIndex is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, InstaForex or CityIndex?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

InstaForex is regulated by FSC and does not offer client protection. CityIndex is regulated by FCA, ASIC and does not offer client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that CityIndex is the safer broker.

Broker summary

How many trading instruments are available at InstaForex and CityIndex?

InstaForex provides traders with 300+ instruments. This includes 110 currency pairs, 5 cryptocurrencies, and 89 stocks and shares. With InstaForex, you can also trade CFDs.

In comparison, CityIndex boasts 4,500+ tradable instruments. CityIndex offers 84 currency pairs, 5 cryptocurrencies, and 4,500 stocks and shares. CityIndex also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, InstaForex or CityIndex?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

InstaForex provides you with the ability to trade via 3 trading platforms, and CityIndex has 3 trading platforms, too. Both brokers also offer research and trading tools, however InstaForex has more.

Overall, our experts agree that InstaForex boasts the better trading platform offering.

Research Tools

Which is better for beginners, InstaForex or CityIndex?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that InstaForex is the better broker for beginner traders as it offers a larger range of educational tools and materials. InstaForex also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that InstaForex is the better broker in a range of key areas. You can learn more by reading our InstaForex and CityIndex reviews.

InstaForex vs CityIndex
InstaForex
95.5
Points
CityIndex
94.5
Points
Overall
1 points
InstaForex
90
Points
CityIndex
92
Points
Commissions & Fees
2 points
InstaForex
94
Points
CityIndex
98
Points
Licensing & Safety
4 points
InstaForex
99
Points
CityIndex
97
Points
Trading Platforms & Tools
2 points
InstaForex
97
Points
CityIndex
95
Points
Payments
2 points
InstaForex
95
Points
CityIndex
94
Points
Customer Service
1 points
InstaForex
98
Points
CityIndex
91
Points
Educational
7 points
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