City Indexvs
DerivForex Broker Comparison
In this matchup, City Index and Deriv sit close on overall scores, but diverge on regulation strength and instrument breadth.
Who should choose City Index vs Deriv?
Find out which broker best suits your trader profile.
Choose if…
Choose City Index if you value top-tier regulation and broad instrument coverage.
Choose if…
Choose Deriv if you want a low $5 minimum deposit and 24/7 synthetic indices.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
City Index vs Deriv: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.0 / 5 |
City Index vs Deriv Forex Broker Pros & Cons
Pros
FCA-regulated since 1983, backed by Nasdaq-listed StoneX Group
13,500+ markets including UK spread betting
TradingView integration for chart-based order execution
EUR/USD from 0.5 pips, competitive for a spread-only desk
FSCS protection up to GBP 85,000 for UK clients
City Index vs Deriv: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
4
City Index
criteria wins
2
Deriv
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | City Index | Deriv |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Fail |
| Multilingual support | Fail | Pass |
City Index vs Deriv: Frequently Asked Questions
The scores are close: City Index rates 4.2/5 and Deriv rates 4.1/5. City Index has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Both City Index and Deriv start from 0.5 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
City Index has no minimum deposit, while Deriv requires at least $5. This makes City Index more accessible for traders with limited starting capital.
City Index holds top-tier regulation (ASIC, FCA, MAS), providing stronger investor protections. Deriv may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: City Index has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
City Index lists maximum leverage of 30:1, while Deriv lists up to 1000:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
City Index supports Proprietary Web/Mobile, TradingView, MetaTrader 4, while Deriv supports MetaTrader 5, Proprietary Web/Mobile, DXtrade. Both provide Proprietary Web/Mobile. City Index has exclusive access to TradingView and MetaTrader 4. Deriv has exclusive access to MetaTrader 5 and DXtrade.
