Compare City Index vs FXTM - Online Brokerage Comparison

Compare City Index vs FXTM

City Index vs FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, Web Trader, Advantage Web & Apps, AT Pro12,000+FCA, MAS, ASIC
$10MT4, MT5200+FCA, CySEC, FSCA, FSC

City Index vs FXTM Comparison

FXTM offers both ECN and Standard accounts (including a Cent account, which can offer very small trade sizes). City Index does not offer ECN trading but does provide spread betting and support for trading automation. Both brokers offer MT4 and FXTM also provides MT5. City Index offers AT Pro and two web traders.

Both brokers can provide variable spreads. FXTM can offer very low spreads with a commission charge or higher spreads without a commission charge. For a relatively high minimum deposit, FXTM can provide very low spreads with no commission charge, on its Pro accounts. City Spreads can offer tight variable commission free spreads. City Index provides many more markets to trade than FXTM on its web traders and AT Pro, but has a similar number when compared by MT4.

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

FXTM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa.

Minimum deposit and account types

City Index does not have a minimum deposit. The minimum deposit for FXTM is $10.

  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports and a Trading Academy.
  • FXTM offers three Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares accounts $/€/£100, for the ECN Zero account $/€/£200, for the ECN account $/€/£500 and for the Pro account the minimum deposit and minimum account balance is $/€/£25,000. The Pro account offers spreads from 0 without a commission charge. FXTM offers Market Analysis and Education on its website. Copy Trading is available via FXTM Invest. The minimum trade size is 0.0001 lots.

Markets

  • On the Web Trader, Advantage Web and AT Pro platforms, 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 offers Forex, Indices, Energy, Metals and Soft Commodities, with 110+ available.
  • FXTM offers Forex, Indices, Energy, Metals and Stocks, with 250+ available.
  • City Index can offer 80+ Forex pairs (on MT4), FXTM can offer 55+ Forex pairs.

Spreads and leverage

Forex spreads are from 0.5 without a commission charge at City Index. On FXTM's Standard account, Forex spreads are from 1.3 without a commission charge. On FXTM's ECN account, Forex spreads are from 0.1 plus commission (on FXTM's Pro account spreads are from 0 without a commission charge).

Maximum leverage for City Index (FCA regulated) is . Maximum leverage for FXTM (FCA or CySEC regulated) is .

Commissions

  • City Index does not charge commissions, except for Shares CFDs.
  • FXTM charges a commission starting at $2 per lot per side, depending on the equity in the account and the volume traded.

Online trading platforms

City Index offers MT4 and two web trading platforms (Advantage Web and Web Trader) and AT Pro. FXTM provides MT4 and MT5 on its MT5 ECN account and a web trader based on MT4. Both brokers provide mobile and tablet apps.

Why City Index or FXTM ?

FXTM is for traders who wish to trade on MT4 or MT5. City Index provides support for traders who want to trade from a large number of markets, as it offers many more. On MT4, it has a number comparable to FXTM.

Comparison summary

  • Both brokers offer CFD trading
  • In the UK, City Index additionally provides spread betting
  • Both offer MT4
  • FXTM additionally provides MT5
  • City Index additionally offers its Web Trader and AT Pro
  • City Index has considerably more markets to trade
  • FXTM supports social and copy trading

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