City Index vs Vantage FX Broker Comparison

City Index vs Vantage FX | Trading Brokers Comparison

City Index vs Vantage FX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneWeb Trader, Advantage Web & Apps, MT4, AT Pro12,000+FCA, ASIC, MAS
$200MT4, MT5180+ASIC, CIMA

City Index vs Vantage FX

Vantage FX is an ECN CFD broker. City Index is a CFD broker, offering a large number of markets to trade on most of its platforms (and offers spread betting in the UK). On MT4 both have a more comparable number. As well as this platform, City Index also offers a web trader (called Web Trader), the Advantage Web Trader, and AT Pro, which is an advanced platform with a relatively large complement of technical indicators.

Both brokers support the use of automated trading via Expert Advisors on MT4. City Index's other platforms are suited to discretionary trading, though AT Pro allows some automation of the trading decision process (allowing indicator signals).

City Index is regulated by the FCA in the United Kingdom, the ASIC in Australia and the MAS in Singapore. Vantage FX is regulated by the ASIC in Australia and the CIMA in the Cayman Islands.

Quick comparison

City Index can offer many more markets to trade, but Vantage FX has a relatively large number for an ECN broker. Both provide MT4, while City Index has two web trading platforms and AT Pro, while Vantage FX also has MT5.

Minimum deposit and account types

There is no minimum deposit requirement for City Index. The minimum deposit for Vantage FX is $200.

  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports and a Trading Academy.
  • Vantage FX offers STP, ECN, Islamic and Pro ECN accounts. The STP accounts have a minimum deposit of $200, the ECN accounts have a minimum deposit of $500 and the Pro ECN account has a minimum deposit of $20,000. The minimum trade size is 0.01 lots. Vantage FX supports social and copy trading with ZuluTrade and Myfxbook AutoTrade.
  • Vantage FX's STP accounts do not charge commissions, while the ECN accounts do charge commissions. All accounts allow scalping.
  • Vantage FX's Pro ECN account offers lower commission charges and access to Interbank price feeds.

Markets

  • City Index offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, 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.
  • Vantage FX offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 180+ available.

City Index provides 80+ Forex pairs. Vantage FX provides 45+ Forex pairs.

Cryptocurrency CFDs

  • City Index provides Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (as a CFD or for spread betting).
  • Vantage FX offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and Dash.

Spreads and leverage

  • City Index offers Forex spreads from 0.5, without a commission charge. Vantage FX may offer very low Forex spreads for the most liquid Forex pairs, plus a commission charge. Vantage FX also offers Forex spreads without a commission charge from 1.4.

Maximum leverage for City Index (FCA regulated) is . Maximum leverage for City Index (ASIC regulated) is 200:1. Maximum leverage for Vantage FX (ASIC or CIMA regulated) is 500:1.

Commissions

  • City Index does not charge commissions, except for Shares CFDs.
  • Vantage FX has a commission charge of $3 per lot per side for ECN trading, except for its Pro ECN account which has a commission charge of $1.75 per lot per side.

Trading Platforms

City Index provides a web trader (called Web Trader), the Advantage Web Trader, AT Pro and MT4. Vantage FX offers MT4 and MT5.

Why City Index or Vantage FX ?

For traders who wish to trade CFDs (or spread bet in the UK), City Index has a large number and wide range of markets to trade (except on MT4). Vantage FX while it offers much less, has a relatively large number for an ECN broker. As well as MT4, which is available at both brokers, City Index has two web traders, one of which, called 'Web Trader' is arguably of the clear, intuitive type of platform. So City Index provides choice. In addition to MT4, Vantage FX offers MT5. As part of its ECN services, Vantage FX accesses Equinix infrastructure to deliver high speed order execution with no dealing desk intervention, though City Index says that MT4 offers fast order processing.

Comparison summary

  • City Index offers a large number of markets to trade on most of its platforms
  • City Index has a more comparable number to Vantage FX on MT4
  • As well as MT4, City Index offers two web traders and AT Pro
  • Vantage FX provides MT5 in addition to MT5
  • City Index does not have a minimum deposit requirement
  • City Index is regulated by the FCA, ASIC and MAS, while Vantage FX is regulated by the ASIC

Search this site

Translate