City Index vs Plus500 Comparison

City Index vs Plus500 Broker Comparison

City Index versus Plus500
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneWeb Trader, Advantage Web & Apps, MT4, AT Pro12,000+FCA, ASIC, MAS
$100Web Trader & Apps2000+FCA, ASIC, FSCA, CySEC, FMA, MAS & IE

City Index and Plus500 Comparison

City Index is a CFD and spread betting broker. Plus500 is a CFD broker. Plus500 offers a significant number of CFD products and a range of markets, but City Index can provide more individual markets and a wider range of markets.

Both brokers have a range of Cryptocurrencies available but Plus500 has more. Both brokers offer web traders, while City Index also provides MT4 and AT Pro.

MT4 supports automated strategies while AT Pro is a platform which allows trading signals on the chart to be used or built. Thus while both brokers offer support for discretionary trading, City Index also supports trading automation.

City Index is regulated by the FCA in the United Kingdom, the ASIC in Australia and the MAS in Singapore. Plus500UK Ltd is authorized and regulated by the FCA (#509909). Plus500CY Ltd is authorized and regulated by CySEC (#250/14). Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). Plus500AU Pty Ltd (ACN 153301681) is licensed by: ASIC in Australia, AFSL #417727 and FMA in New Zealand, FSP #486026 and is an authorised Financial Services Provider in South Africa, FSP #47546.

Quick comparison

These brokers each support discretionary trading. City Index has more markets and offers four platforms. Plus500 offers one platform, with an intuitive design and a wide range of technical indicators. City Index also provides support for trading automation on MT4 and AT Pro.

Minimum deposit and account types

City Index does not have a minimum deposit. The minimum deposit for Plus500 is $100 or AU$200.

  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports and a Trading Academy.
  • Plus500 offers one account type for which the minimum deposit is $/€/£100 or AU$150. It offers an Economic Calendar on its website covering news events and market effects.

Markets

  • City Index provides Forex pairs, Indices, Energy, Soft Commodities, Metals, Options, Shares, ETFs, Cryptocurrencies, Bonds, 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.
  • Plus500 offers CFD trading in Forex pairs, Indices, Energy, Soft Commodities, Metals, Options, Stocks, ETFs and Cryptocurrencies.

City Index offers 80+ Forex pairs (on MT4), Plus500 offers 55+ Forex pairs.

Cryptocurrencies

  • City Index offers Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple (for CFD trading or spread betting).
  • Plus500 offers Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, IOTA, NEO, Monero, EOS, Stellar, Cardano and TRON CFDs.

Spreads and leverage

  • City Index provides variable spreads, from 0.5 for EUR/USD, 1 for UK100, 0.3 for Gold and 0.04 for US Oil.
  • Plus500 offers fixed and variable spreads depending on the instrument.

Maximum leverage for City Index (FCA regulated) is . Maximum leverage for Plus500 is .

Platforms

City Index offers two web trading platforms (Web Trader and Advantage Web), MT4 and AT Pro. Plus500 offers a web trader platform. Each has apps.

Why City Index or Plus500 ?

Both have support for discretionary trading with web traders and apps. City Index also offers support for automated trading with MT4. City Index has considerably more markets than Plus500, though Plus500 has a competitive number for a CFD broker. In the UK, City Index can provide spread betting.

Comparison summary

  • Both brokers offer CFD trading
  • City Index also offers spread betting
  • City Index provides more CFDs to trade
  • Each offers Cryptocurrency CFDs
  • Both brokers provide web traders
  • City Index also offers MT4 and AT Pro

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