City Index vs OANDA: licences compared

Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.

AttributeCity IndexOANDA
Licence Score72Strong82Very strong
Strongest licence 1 Tier 1 1 Tier 1
Licences on record38
1 FCA United Kingdom LicensedLicensed
1 ASIC Australia LicensedLicensed
1 JFSA Japan —Licensed
1 CFTC / NFA United States —Licensed
1 MAS Singapore LicensedLicensed
1 CIRO Canada —Licensed
2 MFSA Malta —Licensed
4 BVI FSC British Virgin Islands —Licensed
Founded19831996
HeadquartersUnited KingdomUnited States
TypeSpread betting & CFD providerForex & CFD broker
Publicly listedNoNo
PlatformsProprietary, MT4, TradingViewProprietary, MT4, MT5, TradingView
Minimum depositNo minimumNo minimum
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Frequently asked questions

Is City Index or OANDA better regulated?

OANDA has the higher Licence Score (82 vs 72), based on the number and tier of licences, operating history and public listing.

Which regulators license both City Index and OANDA?

Both are matched to licences from ASIC, FCA and MAS.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.