Written by ForexBrokers.com
In this head to head comparison of City Index vs Fineco, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
City Index and Fineco are respected online brokers offering various services with strong regulatory credentials. City Index, established in 1983, boasts a ForexBrokers.com Trust Score of 99, the highest level of trust. It is publicly traded and holds an impressive array of 7 Tier-1 licenses, considered the most reliable, along with 1 Tier-2 license. In contrast, Fineco, founded in 1999 and also publicly traded, holds 2 Tier-1 licenses and carries a solid Trust Score of 94. Additionally, Fineco distinguishes itself as a bank, emphasizing its diverse financial offerings.
While both brokers are publicly traded, Fineco's status as a bank provides an added layer of assurance for clients seeking a full-suite financial institution. City Index, however, excels in regulatory strength with its greater number of top-tier licenses, suggesting a particularly high level of safety and oversight for its users. Whether you prioritize regulatory confidence or banking capabilities, these brokers offer compelling options for online trading endeavors.
| Feature |
City Index
|
Fineco
|
|---|---|---|
| Year Founded | 1983 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees for City Index and Fineco, City Index presents a more transparent and competitive structure. City Index's pricing for trading CFDs, forex, and spread-betting aligns with the industry average. Traders opting for City Index's proprietary platforms or MetaTrader might find the best pricing to enhance their trading experience. For more active traders, those with deposits exceeding £10,000 can benefit from the Premium Trader account, gaining access to exclusive pricing, events, and superior customer support. Additionally, City Index offers active trader rebates starting at £4 per million for U.K.–based traders who exceed £25 million in monthly trades, with potential rebates increasing to £7.5 per million for those trading over £300M monthly.
In contrast, Fineco does not provide average spread data for forex and CFD trading, leaving potential traders without a clear view of its trading costs. While Fineco lists a spread of 1 pip for the EUR/USD, this is notably higher than what many forex brokers typically offer. Fineco also mentions a spread of 0.8 pips, but lacks clarification if these are average spreads or applicable for specific periods. Nonetheless, it's important to highlight that Fineco might offer more attractive spreads on its index CFDs, making it an option worth considering for those specifically interested in this area.
In terms of ratings and rankings, City Index scores highly with 4.5 stars out of five for commissions and fees, securing a strong position at #14 out of 63 brokers, as ranked by ForexBrokers.com. Fineco, while a viable choice, trails behind with a rating of 3.5 stars and ranks #51 in the same category. This makes City Index a more favorable option for traders prioritizing cost-effective and transparent trading conditions.
| Feature |
City Index
|
Fineco
|
|---|---|---|
| Minimum Deposit | £100.00 | $0 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.74 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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When comparing City Index and Fineco for their range of investments, both offer forex trading as CFDs or spot contracts. However, City Index surpasses Fineco in the number of tradeable symbols and forex pairs, offering 13,500 symbols and 66 forex pairs compared to Fineco's 9,770 symbols and 54 forex pairs. While City Index doesn’t provide exchange-traded securities on U.S. or international exchanges, Fineco allows users to purchase stocks like Apple and Vodafone directly. City Index also offers the opportunity for copy trading, a feature absent in Fineco’s offerings.
In terms of cryptocurrency, neither platform lets you buy actual cryptocurrency, but City Index provides access to cryptocurrency derivatives, setting it apart from Fineco. In professional assessments, City Index receives a stellar 5-star rating for its range of investments and ranks 8th out of 63 brokers according to ForexBrokers.com. Fineco follows closely with a 4.5-star rating and a 16th place ranking. Ultimately, City Index seems to have a stronger variety in its investment options, especially for those interested in forex and cryptocurrency derivatives.
| Feature |
City Index
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 9770 |
| Forex Pairs (Total) | 66 | 54 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | No |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
City Index and Fineco both provide comprehensive trading platforms, but there are key differences to consider for traders. City Index shines with its simulated trading feature, offering a free virtual demo account which is perfect for beginners looking to practice without real money risks. In contrast, Fineco does not provide this feature. Both brokers offer proprietary platforms, alongside Windows-based and web-based trading options. However, only City Index supports MetaTrader 4, a popular choice among traders, while Fineco does not. Furthermore, City Index adds value with copy trading capabilities, whereas Fineco does not feature this option.
When it comes to charting tools, City Index offers a substantial 239 drawing tools compared to Fineco's 7, offering more versatility for technical analysis. Users of City Index can also trade directly from stock charts, a convenience not available with Fineco. Additionally, City Index provides 11 columns for watch lists, though Fineco's offering in this area isn't specified. In terms of user ratings, City Index earns a higher rating of 4.5 stars compared to Fineco's 4 stars, and it is ranked higher in ForexBrokers.com's Trading Platforms and Tools category, holding the 11th spot out of 63 brokers, while Fineco stands at 18th. These distinctions make City Index a more attractive choice for those seeking advanced tools and features for trading.
| Feature |
City Index
|
Fineco
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 37 |
| Charting - Drawing Tools (Total) | 239 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 11 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both City Index and Fineco offer iPhone and Android compatibility, ensuring users can trade on the go regardless of their device. Both apps provide stock and forex price alerts, keeping traders informed of market movements. However, City Index stands out with features like watchlist symbol syncing, allowing seamless integration between mobile and online accounts—something Fineco lacks. In terms of charting, City Index offers a comprehensive 88 technical studies, far surpassing Fineco's six, and it provides the convenience of drawing trendlines and saving these on charts automatically.
City Index also excels in offering multiple time frames for chart analysis and the ability to create a watchlist with real-time quotes. These features enhance the trading experience significantly and contribute to its impressive rating of 4.5 stars. Meanwhile, Fineco receives a solid 4-star rating but falls short in features like watchlist creation with real-time quotes and saved chart drawings. In rankings by ForexBrokers.com, City Index is positioned at #9 out of 63 brokers for mobile trading apps, well ahead of Fineco, which is ranked at #42. Overall, for traders prioritizing advanced features and seamless integration, City Index's mobile app is the superior choice.
| Feature |
City Index
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing City Index and Fineco in terms of market research offerings, City Index stands out for providing daily market commentary, which Fineco does not. Both brokers offer forex news from top-tier sources like Bloomberg and Reuters. However, City Index enhances its research tools selection by featuring technical analysis tools from Trading Central and a sentiment-based trading tool for tracking position ratios across currency pairs. Fineco, on the other hand, does not offer these specialized tools.
Both City Index and Fineco provide their users with an economic calendar to keep track of global news events. With a research rating of 4.5 stars, City Index ranks 10th out of 63 brokers in the Research category according to ForexBrokers.com. Fineco, with a slightly lower rating of 4.0 stars, comes in at 33rd place. Overall, City Index offers a more comprehensive suite of market research resources for traders looking to make informed decisions.
| Feature |
City Index
|
Fineco
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing City Index and Fineco in terms of educational resources for beginners, City Index stands out in several key areas. City Index offers an extensive range of educational materials focused on forex and CFDs, boasting more than 10 pieces including articles, videos, and archived webinars. In contrast, Fineco lacks a similar breadth of specific forex or CFD educational resources. Both brokers conduct monthly online educational webinars; however, City Index complements this with a searchable archive of past webinars for easy access, which Fineco does not provide.
City Index also excels in catering to both beginner and advanced traders with over 10 educational videos tailored to each group. Fineco matches this offering for beginners but falls short for advanced traders. Additionally, both brokers supply an investor dictionary with more than 50 terms defined, allowing newcomers to better understand trading jargon. City Index is rated 4.5 out of 5 stars for education, positioned ninth among 63 brokers by ForexBrokers.com, while Fineco receives a 4.0 rating and ranks 49th. City Index's well-rounded educational approach gives it an edge over Fineco for traders learning the ropes.
| Feature |
City Index
|
Fineco
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that City Index is better than Fineco. City Index finished with an overall rank of #8, while Fineco finished with an overall rank of #25.
Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
| Feature |
City Index
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Fineco
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 94 |
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City Index allows you to trade cryptocurrency derivatives but not actual delivered cryptocurrencies, whereas Fineco neither offers the ability to buy actual delivered cryptocurrencies nor cryptocurrency derivatives.
City Index and Fineco both support ACH and SEPA transfers as well as bank wires for depositing or withdrawing account funds, and while City Index also accepts Visa, Mastercard, and PayPal, Fineco does not support these payment methods, nor does either broker offer Skrill.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | City Index | Fineco | |
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| Trust Score | 99 | 94 | |
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| Review | City Index Review | Fineco Review |
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| Regulation | City Index | Fineco | |
|---|---|---|---|
| Trust Score | 99 | 94 | |
| Year Founded | 1983 | 1999 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | City Index | Fineco | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | City Index | Fineco | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | City Index | Fineco | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 9770 | |
| Forex Pairs (Total) | 66 | 54 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | No | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | City Index | Fineco | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.74 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | No |
| Funding | City Index | Fineco | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | City Index | Fineco | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | City Index | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 11 | N/A | |
| Charting - Indicators / Studies (Total) | 88 | 37 | |
| Charting - Drawing Tools (Total) | 239 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | City Index | Fineco | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | City Index | Fineco | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | City Index | Fineco | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | City Index | Fineco | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | City Index Review | Fineco Review |
| Overall | City Index | Fineco | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | City Index Review | Fineco Review |
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