City Indexvs
TPFxForex Broker Comparison
Two brokers present a clash of regulatory footprints and product scopes. City Index offers global regulation and broad markets, while TPFx focuses on Indonesian licensing.
Our Verdict
City Index winsby 0.5 pts
City Index edges ahead overall on regulation, investor protection, and market breadth. TPFx trails in instrument scope and compensation.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1City Index has top-tier regulation including FCA/ASIC/MAS.
- 2City Index offers 13,500+ markets; TPFx offers around 50.
- 3City Index provides investor compensation; TPFx has no compensation scheme.
Who should choose City Index vs TPFx?
Find out which broker best suits your trader profile.
Choose City Index if…
Choose City Index if you want top-tier regulation and a broad instrument universe.
Choose TPFx if…
Choose TPFx if you prefer raw spreads and domestic Indonesian licensing.
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
Recommended
City Index offers tighter spreads from 0.50 pips vs 1.50 pips for TPFx, reducing trading costs.
Best for safety & regulation
Recommended
City Index vs TPFx: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 3.7 / 5 |
City Index vs TPFx 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 TPFx: 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
TPFx
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | City Index | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| 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 | Pass |
| Multilingual support | Fail | Fail |
City Index vs TPFx: Frequently Asked Questions
City Index rates 4.2/5 versus 3.7/5 for TPFx. City Index edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
City Index starts from 0.5 pips, tighter than TPFx's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
City Index has no minimum deposit, while TPFx requires at least $60. 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. TPFx 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.
City Index stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
City Index lists maximum leverage of 30:1, while TPFx lists up to 100:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
City Index supports TradingView, MetaTrader 4, Proprietary Web/Mobile, while TPFx supports MetaTrader 5, Proprietary Web/Mobile. Both provide Proprietary Web/Mobile. City Index has exclusive access to TradingView and MetaTrader 4. TPFx has exclusive access to MetaTrader 5.
