Comparison of City Index and Pepperstone
| Feature | City Index | Pepperstone |
|---|---|---|
| Broker | ||
| Year Founded | 1983 | 2010 |
| Broker Type | MM | ECN, DMA |
| Dealing | B‑book | A-book |
| Execution | Market | Market |
| Regulation | FCA, ASIC, MAS, FSRA‑ADGM | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA |
| Platforms | WebTrader, MetaTrader 4 (MT4), TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:400 | 1:500 |
| Minimum Deposit | $1 | $1 |
| Base Currencies | GBP, USD, EUR, AUD, SGD, CHF, PLN | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD |
| Funding Methods | Credit/Debit Card, Bank Transfer, PayPal | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) |
| Inactivity Fee | £12/month after 12 months of inactivity | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | FSCS | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
| Protection Size | £85000 | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✔ | ✔ |
| Copy Trading | ✖ | ✔ |
| VPS | ✖ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Forex, Indices, Shares, Commodities, Cryptocurrencies | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | City Index Review | Pepperstone Review |
About City Index
City Index is a broker owned by StoneX, founded in 1983. The company offers more than 13,000 markets, ranging from currency pairs and global indices to spread betting in the UK. Trading is available on web, desktop, and mobile platforms: MT4 and TradingView. Regulated by the FCA, ASIC, MAS, and ADGM, the broker offers low floating spreads from 0.7 pips, guaranteed stop losses, negative balance protection, and VIP rebates for active traders.
Pros
- Low minimum deposit and fast onboarding
- 80+ FX pairs plus 13000 CFDs & spread bets
- Tier‑1 regulation (FCA, ASIC, MAS) and FSCS cover
- Choice of WebTrader, MT4 and TradingView
- Guaranteed stop‑loss orders & negative‑balance protection
Cons
- Retail leverage capped at 1:30 in UK/EU
- No crypto deposits and no deposit bonuses
About Pepperstone
Pepperstone is a globally recognized forex and CFD broker renowned for its competitive pricing, advanced trading platforms, and superior customer service. Founded in 2010 and headquartered in Melbourne, Australia, Pepperstone has grown to become a trusted name in online trading. With multiple regulatory licenses from top-tier authorities, including ASIC, FCA, and CySEC, the broker offers a secure and transparent trading environment. Whether you're a novice or an experienced trader, Pepperstone provides a range of tools and features to enhance your trading journey.
Pros
- Tight spreads starting from 0.0 pips on Razor accounts
- Regulated by multiple top-tier authorities (ASIC, FCA, CySEC, etc.)
- Access to advanced trading platforms like MetaTrader 4/5 and cTrader
- Excellent for scalping and algorithmic trading with fast execution speeds
- No minimum deposit requirement, making it accessible to all traders
- Dedicated 24/5 multilingual customer support
Cons
- Limited in-house educational resources for beginners
- Limited availability of bonus offers or promotions
City Index & Pepperstone Regulation
| Feature | City Index | Pepperstone |
|---|---|---|
Companies | StoneX Financial Ltd (UK), StoneX Financial Pty Ltd (AU), City Index Asia Pte Ltd (SG), StoneX Financial (ME) Ltd (UAE) | Pepperstone Group Limited, Pepperstone Markets Limited, Pepperstone EU Limited, Pepperstone Financial Services (DIFC) Limited, Pepperstone GmbH, Pepperstone Markets Kenya Limited, Pepperstone Limited |
Countries | United Kingdom, Australia, Singapore, United Arab Emirates | Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom |
Regulators | FCA, ASIC, MAS, FSRA‑ADGM | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA |
Investor Protection | FSCS | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
Investor Protection Size | £85000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
City Index
StoneX Financial Ltd (UK), StoneX Financial Pty Ltd (AU), City Index Asia Pte Ltd (SG), StoneX Financial (ME) Ltd (UAE)
Pepperstone
Pepperstone Group Limited, Pepperstone Markets Limited, Pepperstone EU Limited, Pepperstone Financial Services (DIFC) Limited, Pepperstone GmbH, Pepperstone Markets Kenya Limited, Pepperstone Limited
Countries
City Index
United Kingdom, Australia, Singapore, United Arab Emirates
Pepperstone
Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom
Regulators
City Index
FCA, ASIC, MAS, FSRA‑ADGM
Pepperstone
ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA
Investor Protection
City Index
FSCS
Pepperstone
UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF)
Investor Protection Size
City Index
£85000
Pepperstone
£85 000 / €20 000
Publicly Traded
City Index
Pepperstone
Segregated Accounts
City Index
Pepperstone
Guaranteed Stop Loss
City Index
Pepperstone
Negative Balance Protection
City Index
Pepperstone
Account Types
| Account | City Index | Pepperstone |
|---|---|---|
Market Maker Account | ||
| Account Name | Standard | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.7 | — |
| Fee | No | — |
| Max Leverage | 1:400 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
ECN Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1 |
| Fee | — | No |
| Max Leverage | — | 1:500 |
| Stop Out | — | 20% |
| Margin Call | — | 90% |
Zero Account | ||
| Account Name | — | Razor |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0 |
| Fee | — | $7 per 1 lot |
| Max Leverage | — | 1:500 |
| Stop Out | — | 20% |
| Margin Call | — | 90% |
Fix Spread Account | ||
| Account Name | Fixed Spread | — |
| Min Deposit | $0 | — |
| Lot Size | 0.01 | — |
| Spread Type | Fixed | — |
| Execution | Instant | — |
| Min Spread | 1 | — |
| Fee | No | — |
| Max Leverage | 1:400 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Market Maker Account
Account Name
City Index
Standard
Pepperstone
—
Min Deposit
City Index
$1
Pepperstone
—
Lot Size
City Index
0.01
Pepperstone
—
Spread Type
City Index
Floating
Pepperstone
—
Execution
City Index
Market
Pepperstone
—
Min Spread
City Index
0.7
Pepperstone
—
Fee
City Index
No
Pepperstone
—
Max Leverage
City Index
1:400
Pepperstone
—
Stop Out
City Index
50%
Pepperstone
—
Margin Call
City Index
100%
Pepperstone
—
ECN Account
Account Name
City Index
—
Pepperstone
Standard
Min Deposit
City Index
—
Pepperstone
$1
Lot Size
City Index
—
Pepperstone
0.01
Spread Type
City Index
—
Pepperstone
Floating
Execution
City Index
—
Pepperstone
Market
Min Spread
City Index
—
Pepperstone
1
Fee
City Index
—
Pepperstone
No
Max Leverage
City Index
—
Pepperstone
1:500
Stop Out
City Index
—
Pepperstone
20%
Margin Call
City Index
—
Pepperstone
90%
Zero Account
Account Name
City Index
—
Pepperstone
Razor
Min Deposit
City Index
—
Pepperstone
$1
Lot Size
City Index
—
Pepperstone
0.01
Spread Type
City Index
—
Pepperstone
Floating
Execution
City Index
—
Pepperstone
Market
Min Spread
City Index
—
Pepperstone
0
Fee
City Index
—
Pepperstone
$7 per 1 lot
Max Leverage
City Index
—
Pepperstone
1:500
Stop Out
City Index
—
Pepperstone
20%
Margin Call
City Index
—
Pepperstone
90%
Fix Spread Account
Account Name
City Index
Fixed Spread
Pepperstone
—
Min Deposit
City Index
$0
Pepperstone
—
Lot Size
City Index
0.01
Pepperstone
—
Spread Type
City Index
Fixed
Pepperstone
—
Execution
City Index
Instant
Pepperstone
—
Min Spread
City Index
1
Pepperstone
—
Fee
City Index
No
Pepperstone
—
Max Leverage
City Index
1:400
Pepperstone
—
Stop Out
City Index
50%
Pepperstone
—
Margin Call
City Index
100%
Pepperstone
—
Additional Features
Demo Account
City Index
Pepperstone
VIP Account
City Index
Pepperstone
Swap-Free Account
City Index
Pepperstone
Copy Trading
City Index
Pepperstone
VPS
City Index
Pepperstone
PAMM/MAM Accounts
City Index
Pepperstone
Funding and Fees
| Feature | City Index | Pepperstone |
|---|---|---|
Base currencies | GBP, USD, EUR, AUD, SGD, CHF, PLN | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD |
Deposit and withdrawal methods | Credit/Debit Card, Bank Transfer, PayPal | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) |
Inactivity fee | £12/month after 12 months of inactivity | |
Interest on margin | ||
Withdrawal fee |
Base currencies
City Index
GBP, USD, EUR, AUD, SGD, CHF, PLN
Pepperstone
USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD
Deposit and withdrawal methods
City Index
Credit/Debit Card, Bank Transfer, PayPal
Pepperstone
Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether)
Inactivity fee
City Index
£12/month after 12 months of inactivity
Pepperstone
Interest on margin
City Index
Pepperstone
Withdrawal fee
City Index
Pepperstone
Trading Platforms and Conditions
| Feature | City Index | Pepperstone |
|---|---|---|
Trading Platforms | WebTrader, MetaTrader 4 (MT4), TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
Execution Speed | 20 ms | 40 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
City Index
WebTrader, MetaTrader 4 (MT4), TradingView
Pepperstone
MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView
Execution Speed
City Index
20 ms
Pepperstone
40 ms
Scalping
City Index
Pepperstone
Expert Advisors (EAs)
City Index
Pepperstone
Depth of Market (DOM)
City Index
Pepperstone
Spread
City Index
low
Pepperstone
low
Trading Assets
| Asset | City Index | Pepperstone |
|---|---|---|
Currencies | 84 | 97 |
Indices | 21 | 26 |
Stocks | 4500 | 986 |
Cryptocurrencies | 25 | 30 |
Bonds | 0 | 0 |
Metals | 8 | 20 |
Energies | 4 | 4 |
Soft Commodities | 9 | 16 |
ETFs | 100 | 108 |
Currencies
City Index
84
Pepperstone
97
Indices
City Index
21
Pepperstone
26
Stocks
City Index
4500
Pepperstone
986
Cryptocurrencies
City Index
25
Pepperstone
30
Bonds
City Index
0
Pepperstone
0
Metals
City Index
8
Pepperstone
20
Energies
City Index
4
Pepperstone
4
Soft Commodities
City Index
9
Pepperstone
16
ETFs
City Index
100
Pepperstone
108
Education and Analytics
| Feature | City Index | Pepperstone |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
City Index
Pepperstone
Indicators
City Index
Pepperstone
Robots
City Index
Pepperstone
Signals
City Index
Pepperstone
Autochartist
City Index
Pepperstone
Expert Analytics
City Index
Pepperstone
News Feed
City Index
Pepperstone
Education Articles
City Index
Pepperstone
Webinars
City Index
Pepperstone
Seminars
City Index
Pepperstone
Customer Support
| Contact | City Index | Pepperstone |
|---|---|---|
Email | support@cityindex.com | support@pepperstone.com |
Phone | +442075508500 | +17866281209 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter |
Email
City Index
Pepperstone
Phone
City Index
Pepperstone
Which Broker is Better?
After comparing City Index and Pepperstone, Pepperstone comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.