Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
---|---|---|---|---|
City Index | None Minimum Deposit | MT4, Web Trader Trading Platforms | 6300+ Markets To Trade | City Index offers a Web Trader with a wide range of markets to trade and provides MT4 (with automated trading) About |
FXOpen | $1 Minimum Deposit | MT4, MT5, TickTrader Trading Platforms | 600+ Markets To Trade | FXOpen offers trading (including automated trading) on MT4, MT5 and TickTrader and has a Cent account with a $1 minimum deposit About |
City Index and FXOpen Comparison
FXOpen is an MT4 and MT5 ECN broker, which has a range of account types, including one which offers Cryptocurrency CFDs. City Index offers CFD trading and has a particularly large number of markets available to trade. However FXOpen has 600+ markets to trade on MT5. City Index also offers MT4, plus a user friendly Web Trader (on which it has the most markets to trade).
Quick comparison
Both brokers support automated trading (though FXOpen has ECN trading conditions). Each has MT4, with a similar number of markets available on each. FXOpen additionally provides MT5 and TickTrader (a user friendly web trader). However City Index has additional support for discretionary trading, with its user friendly Web Trader which has many more markets.
Minimum deposit and account types
The minimum deposit for City Index is $150. The minimum deposit for FXOpen is $1.
- City Index provides SMART Signals (which analyses markets to look for trading opportunities), News & Analysis, Trading View analysis, Performance Analytics from Chasing Returns (to analyse trader's performance), an Economic Calendar and SMS Volatility Alerts.
- FXOpen offers ECN, STP, Micro and Crypto account types. The minimum deposit is $1 for the Micro account, $10 for the STP and Crypto accounts and $100 for the ECN account. The ECN account charges commissions on its markets, the STP does not charge commissions. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). FXOpen supports social and copy trading via ZuluTrade and Myfxbook. The minimum trade size is 0.0001 lots on the Micro account. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
Markets
- On the Web Trader and AT Pro City Index offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Soft Commodities, ETFs, Bonds, Options, IPOs and Interest Rates, with 6300+ CFDs available.
- FXOpen offers Forex, Indices, Energy, Metals, Stocks and Cryptocurrencies, with 600+ CFDs available.
Broker | Trading Platforms | Description |
---|---|---|
FXOpen Broker | MT4, MT5, TickTrader Trading Platforms | FXOpen offers a Cent account with a $1 minimum deposit and provides automated trading on MT4, MT5 and TickTrader Description |
City Index Broker | MT4, Web Trader Trading Platforms | City Index provides trading on MT4 (allowing automated trading) and offers a wide range of markets to trade on its user friendly Web Trader Description |
Cryptocurrencies
- City Index offers Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple.
- FXOpen offers Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Dashcoin, IOTA, Ethereum Classic, EOS, Emercoin, Monero and NEO.
Spreads
- City Index offers Forex spreads from 0.6 without a commission charge. FXOpen offers Forex spreads from 0 with a commission charge.
Commission charge
- For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
- City Indes does not charge commissions for trading Forex.
Online trading platforms
City Index offers MT4 and a user friendly Web Trader. FXOpen offers MT4, MT5 and the TickTrader platform.
Why City Index or FXOpen ?
Traders who want to trade on MT4 may do so at either broker. Traders who want to trade on MT5 may do so at FXOpen. Traders who want to trade on user friendly web traders may do so at either broker. Traders who want a Cent account with a low minimum deposit can find one at FXOpen. Trader who want to trade a large number of markets may do so at City Index.
Comparison summary
- Both provide CFD trading
- Each has MT4
- FXOpen additionally provides MT5 and TickTrader
- City Index additionally provides its Web Trader
- FXOpen offers a Cent account
- City Index offers considerably more markets to trade
- FXOpen has a $1 minimium deposit