City Index vs Spread Co Comparison

City Index vs Spread Co UK Broker Comparison

City Index versus Spread Co
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneWeb Trader, Advantage Web & Apps, MT4, AT Pro12,000+FCA, ASIC, MAS
£200Saturn Web Trader & Apps1500+FCA

City Index and Spread Co Comparison

These are UK brokers offering spread betting and CFD trading. City Index can offer a larger number of individual markets to trade.

Spread Co provides a web trader and a mobile and tablet app. City Index also offers two web traders and a mobile and tablet app, but additionally provides MT4 and AT Pro.

Unlike City Index, Spread Co offers fixed spreads, for both CFD trading and spread betting. Both brokers are regulated by the FCA in the United Kingdom. City Index is also regulated by the ASIC in Australia and the MAS in Singapore.

Quick comparison

Both brokers offers spread betting in the UK and CFD trading, on web traders and apps. City Index also provides MT4 and AT Pro and has more markets.

Spread betting comparison

Both brokers offer spread betting in the UK. At City Index, spread betting is available on the Advantage Web and Web Trader platforms, apps and AT Pro. At Spread Co, spread betting in available on its Saturn web trader and apps.

Both brokers offer what can be low spreads for spread betting, however Spread Co provides low fixed spreads, while City Index offers tight variable spreads. Spread Co also offers spread fixed at zero spreads, for some markets on its Zero Spread accounts. Finally, City Index can offer more markets to trade.

CFD comparison

Both of these brokers offer CFD trading in the UK and elsewhere on web traders and apps. City Index also offers MT4 and AT Pro. City Index can offer more markets to trade.

Minimum deposit and account types

City Index does not have a minimum deposit. The minimum recommended deposit for Spread Co is £200 for spread betting and £250 for CFD trading.

  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports, a Relationship Manager and a Trading Academy.
  • Spread Co has three spread betting account types: Spread Free, Spread Free Bronze and Standard. It also has a CFD trading account. Spread Free and Spread Free Bronze offers zero spreads on some markets, T&Cs apply. Spread Free Bronze charges a fee and has less restrictions. Spread Co provides news and analysis on its website and a relationship manager for all account holders.

Markets

  • City Index provides Forex pairs, Indices, Energy, Metals, Shares, ETFs, Cryptocurrencies, Soft Commodities, Bonds, Interest Rates, IPOs and Options, with 12,000+ on offer. City Index Australia and City Index Singapore have less markets (5,000+), as they do not offer spread betting.
  • Spread Co provides Forex Pairs, Indices, Energy, Precious Metals, Shares, ETFs, Bitcoin Futures and ADRs, with 1500+ on offer.

City Index offers 80+ Forex pairs (on MT4), Spread Co offers 35+ Forex pairs.

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.
  • Spread Co offers fixed spreads on its spread betting platform. Spread Co's fixed spread are from 0.8 for EUR/USD and UK100, 0.4 for Gold and 0.05 for US Crude Oil. For UK and US Shares, Spread Co adds 0.05% - 0.075% in addition to the underlying market. Spreads can widen out of market hours. On Spread Co's CFD platform spreads are fixed, at 1.5 for EUR/USD, 1 for UK100, 0.4 for Gold, 0.04 for US Crude Oil and from an extra 0.05% for Shares.

Maximum leverage for City Index (FCA regulated) is . The maximum leverage for Spread Co is .

Platforms

  • City Index offers two web traders (Advantage Web and Web Trader), MT4 and AT Pro. Spread Co also offers a web trader platform. Both brokers have mobile apps.

Why City Index or Spread Co ?

In terms of CFD trading, City Index offers four platforms: two web traders and apps and AT Pro with more markets and MT4 with considerably less. Spread Co offers a web trader and apps. In terms of spread betting City Index also offers more markets (and more platforms: Advantage Web, Web Trader and AT Pro vs Spread Co's Saturn platform). A difference is that City Index provides variable spreads, while Spread Co offers fixed spreads, including spreads fixed at zero for some markets. This said City Index can offer tight variable spreads.

Comparison summary

  • Both brokers offer CFD trading and spread betting
  • City Index provides low variable spreads for CFDs and spread betting
  • Spread Co provides low fixed spreads for spread betting
  • Spread Co offers competitive fixed spreads for CFD trading
  • Both brokers provide web traders
  • City Index also offers MT4 and AT Pro
  • Both brokers are FCA regulated and based in the UK

Search this site

Translate