24Option vs City Index - Compare Trading Brokers

24Option vs City Index | Online Brokerage Comparison

24Option vs City Index Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4, Web Trader & Apps130+CySEC, IFSC
NoneMT4, Web Trader, Advantage Web & Apps, AT Pro12,000+FCA, ASIC, MAS

24Option vs City Index Comparison

Both of these brokers offer what may be described as user friendly web traders, suited to the human trader. Both also provide MT4, offering the features of this platform to traders. City Index also provides another web trader and the AT Pro downloaded platform. AT Pro is a platform for advanced traders - it has a relatively large number of technical indicators and supports a level of automation, in that it allows trading signals to be produced on the chart. City Index on most of its platforms (i.e. all except MT4) has considerably more markets to trade than 24Option. Both provide CFD trading (including Crypto CFDs), but in the UK, City Index also offers spread betting which like CFD trading allows the trader to trade a market without owning it. 24Option is regulated by the CySEC in Cyprus and the IFSC in Belize. City Index is regulated by the FCA in the United Kingdom, the ASIC in Australia and the MAS in Singapore.

Quick comparison

Both brokers offer web traders and MT4. City Index also offers more platform, including AT Pro, for advanced traders.

Minimum deposit and key account features

The minimum deposit for 24Option is $/€/£250. There is no minimum deposit for City Index.

  • 24Option offers CFD trading. City Index provides an Economic Calendar, Market Reports, Analysis and Videos on its website and Trading Central.
  • City Index offers CFD trading and in the UK spread betting. City Index provides a news feed, market reports and a Trading Academy.

Markets

  • 24Option offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 130+ available.
  • City Index offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Soft Commodities, ETFs, Bonds, Options, IPOs and Interest Rates, with 12,000+ available. City Index Australia and City Index Singapore have less markets (5,000+), as they do not offer spread betting. On MT4, City Index has 100+ markets covering Forex, Indices, Energy, Metals and Soft Commodities.

Cryptocurrency CFDs

  • 24Option offers Bitcoin, Ethereum, Litecoin, Ripple and DASH.
  • City Index provides Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (as a CFD or for spread betting).

Leverage

Maximum leverage for 24Option (CySEC regulated) is . Maximum leverage for City Index (FCA regulated) is .

Online trading platforms

Both brokers offer web traders and MT4. City Index also provides another web trader and a downloaded platform (AT Pro).

Why 24Option or City Index ?

Traders who wish to have a large number of markets and wide range to choose from could consider City Index as it has a particularly large number and wide range (this means in effect that it can offer markets which may not be available at other CFD brokers with less of a selection). Each broker offers a web trader designed for the human trader. Both also provide MT4, which can be used for both automated and non-automated trading. City Index provides AT Pro which is a platform for advanced traders, with a range of tools including a relatively large number of technical indicators.

Comparison summary

  • Both offer CFD trading
  • In the UK, City Index provides spread betting
  • Both offer MT4
  • Each has user friendly web traders
  • City Index additionally provides AT Pro

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