Binary.com vs City Index - Online Brokerage Comparison

Binary.com vs City Index | Trading Brokerage Comparison

Binary.com vs City Index Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
NoneMT5, Web Trader, Apps50+MFSA, VFSC
NoneMT4, Web Trader, Advantage Web, AT Pro, Apps12,000+FCA, ASIC, MAS

Binary.com vs City Index Comparison

City Index can offer considerably more markets to trade on most of its platforms (Web Trader, AT Pro and Advantage Web), compared with Binary.com. On MT4 it has a more comparable number, when compared with Binary.com's MT5.

While both brokers offer Cryptocurrency CFD trading, on MT5 Binary.com provides 24/7 Cryptocurrency CFD trading. Each broker has no minimum deposit (for MT5 at Binary.com and for all its platforms at City Index).

Binary.com is regulated by a range of bodies including the MFSA in Malta and the VFSC in Vanuatu.

City Index is regulated by the FCA in the United Kingdom, the ASIC in Australia and the MAS in Singapore.

Quick comparison

Binary.com offers a web trader and MT5. City Index provides MT4, Advantage Web, Web Trader and AT Pro. City Index offers considerably more markets to trade.

Minimum deposit and key account features

The minimum deposit to use Binary.com's web trader is $5, but there is no minimum deposit to use MT5. There is no minimum deposit for City Index.

  • Binary.com offers a range of features on its website including webinars, an Economic Calendar and TradingView. When the trader has opened their account they gain access to the SmartTrader platform and can then open MT5 accounts. These accounts can include a Standard account, an Advanced STP account and a Synthetic Indices account (different accounts can be available in different countries).
  • City Index offers CFD trading and in the UK spread betting as well. City Index provides videos and tutorials, market news, an economic calendar and market reports on its website and offers SMS and email trading signals.

Markets

  • Binary.com offers trading on MT5 in Forex, Commodities, Indices and Cryptocurrencies, with 50+ available. It also offers 24/7 trading in simulated markets. The markets available can vary in different countries.
  • City Index offers Forex, Indices, Commodities, Cryptocurrencies, Stocks, ETFs, Bonds, Options, IPOs and Interest Rates, with 8000+ markets available for spread betting and 4000+ for CFD trading. 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, Commodities and Indices.

Cryptocurrency CFDs

  • Binary.com offers Bitcoin, Ethereum and Litecoin, Ripple, Bitcoin Cash, DASH, EOS and Emercoin.
  • City Index offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (as a CFD or for spread betting).

Leverage

Maximum leverage for Binary.com on CFDs on MT5 (MFSA regulated) is . Maximum leverage for Binary.com (VFSC regulated) on CFDs on MT5 is 100:1. Maximum leverage for Binary.com on MT5 Synthetic Indices is 1000:1. Maximum leverage for City Index (FCA regulated) is . Maximum leverage for City Index (ASIC regulated) is 200:1.

Online trading platforms

Binary.com offers a web trader and MT5. City Index provides MT4, Web Trader, Advantage Web and AT Pro. Both offer mobile apps.

Why Binary.com or City Index ?

Traders who want to trade on MT4 can find this platform at City Index. Traders who wish to trade on MT5 can find this platform at Binary.com. Both brokers offer web traders. City Index additionally provides AT Pro which is for advanced traders and offers the capacity to automate charting signals and has a relatively large number of technical indicators. Binary.com can offer 24/7 trading and a web trader.

Comparison summary

  • Both brokers offer CFD trading
  • In the UK, City Index provides spread betting
  • City Index offers MT4
  • Binary.com provides MT5
  • Binary.com offers a web trader
  • City Index provides web traders and a downloaded platform, AT Pro
  • Both have no minimum deposit
  • City Index offers more markets to trade overall
  • Binary.com provides 24/7 trading

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