Compare City Index vs RoboMarkets - Online Brokerage Comparison

Compare City Index vs RoboMarkets

City Index vs RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, AT Pro, Advantage Web, Web Trader12,000+FCA, ASIC, MAS
$100MT4, MT5, R Trader11,000+CySEC, IFSC

City Index and RoboMarkets Comparison

Both of these brokers offer CFD trading, though City Index can also provide spread betting (in the UK). Both brokers can offer a relatively large number of markets on their respective web traders. However on MT4, each has a similar number of markets.

Both offer a range of platforms: each has MT4, City Index also offers two web traders and AT Pro; RoboMarkets also offers MT5 and R Trader. City Index is regulated by the FCA in the United Kingdom, the ASIC in Australia and the MAS in Singapore. RoboMarkets is regulated by the CySEC in Cyprus and the IFSC in Belize.

Quick comparison

Each has a range of platforms available, including web traders and apps and MT4. On MT4, both have a similar number of markets on offer. Each has a relatively large number of markets on their respective web traders (and also in the case of City Index on the AT Pro platform).

Minimum deposit and account types

City Index does not have a minimum deposit. The minimum deposit for RoboMarkets is $100.

  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports and a Trading Academy.
  • RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R Trader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and Pro-ECN account. MT4 additionally offers a Fix-Cent, a Fix-Standard, and ECN-Pro NDD and an ECN-Fixed Spread NDD and an MT4 Prime account. RoboMarkets's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboMarkets also offers a CopyFX account (which supports transaction copying) and a RAMM account (which supports strategy copying).
  • RoboMarkets's minimum deposit for all accounts except MT4 Prime is $100. The minimum deposit for MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboMarkets offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboMarkets provides RoboForex Analytics on its website. This offers a range of tools including analysis, signals, videos and education. It offers StrategyQuant for building MT4 robots and the R Trader Strategy Builder.

Markets

  • On Advantage Web, Web Trader and AT Pro, City Index offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, ETFs, Soft Commodities, 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.
  • RoboMarkets's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboMarkets's Standard and ECN accounts offer Forex, Indices, Energy, Precious Metals and Cryptocurrencies, for a total of 45+.
  • On its R Trader account, RoboMarkets offers Forex, Indices, Stocks, ETFs and Cryptocurrencies, for a total of 11,000+.

Cryptocurrencies

  • City Index offers Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash (as CFDs or for spread betting).
  • RoboMarkets offers Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Dash, EOS, Bitcoin Gold, Golem, IOTA, NEO, OmiseGO, Qtum and Monero CFDs.

Spreads and leverage

  • Spreads at City Index are variable and are from 0.5 for EUR/USD, 1 for UK100, 0.3 for Gold and 0.04 for US Oil.
  • On RoboMarkets's Pro-Cent and Pro-Standard accounts, the average spread for EUR/USD is 1.6 and Gold 2.23. On the ECN accounts the minimum spread for EUR/USD is 0.1, Gold 0.8 and US Crude Oil 0.01. On the Prime account, the minimum spread for EUR/USD is 0.0, Gold 0.4 and US Crude Oil 0.01.

Maximum leverage for City Index is . Maximum leverage for RoboMarkets (CySEC regulated) is .

Commission charge

  • RoboMarkets commission are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.

Platforms

City Index offers MT4, two web trading platforms (Advantage Web and Web Trader) and AT Pro. RoboMarkets offers MT4, MT5, an MT5 web trader and the R Trader web trader.

Why City Index or RoboMarkets ?

City Index is a CFD broker and in the UK additionally a spread betting broker. RoboMarkets is a CFD broker, offering STP/ECN trading and other account types and is an MT4 and MT5 broker, and provides the R Trader web trader and an MT5 web trader. However City Index also offers MT4, two web traders and AT Pro. Both can offer on their respective web traders (and on City Index's AT Pro), a relatively large number of markets.

Comparison summary

  • Both brokers offer a range of platforms
  • City Index has MT4, two web traders and AT Pro
  • RoboMarkets has MT4, MT5, an MT5 web trader and the R Trader web trader
  • Both have a similar number of markets on MT4
  • They both have a comparable number of markets Web Trader vs R Trader
  • Each has support for automated trading
  • RoboMarkets provides ECN accounts and supports automated trading
  • City Index offers AT Pro, a platform with a range of automation tools (but not full trading automation) and a relatively large number of markets and technical indicators

Search this site

Translate