City Index vs ThinkMarkets Comparison

City Index vs ThinkMarkets Broker Comparison

City Index versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, Advantage Web, Web Trader, AT Pro12,000+FCA, ASIC, FSCA
NoneMT4, MT5, Trade Interceptor1000+FCA, ASIC, MAS

City Index and ThinkMarkets Comparison

Bptjh of these brokers provide MetaTrader 4 (MT4) and user friendly web traders. Additionally ThinkMarkets offers MT5 with 1000+ markets (though City Index has more overall) and City Index provides AT Pro, a platform with a relatively large number of technical indicators and programmable charting signals.

Both brokers are regulated by the FCA in the United Kingdom and the ASIC in Australia. City Index is additionally regulated by the MAS in Singapore. ThinkMarkets is additionally licensed by the FSCA in South Africa.

Quick comparison

Both brokers offer MT4 and user friendly web traders. City Index additionally provides AT Pro, while ThinkMarkets has MT5. ThinkMarkets offers 1000+ markets to trade on MT5, while City Index has more markets overall.

Minimum deposit and account types

City Index does not have a minimum deposit. ThinkMarkets does not have a minimum deposit, except for its ThinkZero account which has a minimum deposit of $500.

  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports and a Trading Academy.
  • ThinkMarkets offers both CFD trading and spread betting. It provides the Standard account and the ThinkZero account. An Islamic account is available. There is no minimum deposit for the Standard account. The minimum deposit for the ThinkZero account is $/£500. The Standard account does not charge commissions, ThinkZero account does charge a commission.
  • ThinkMarkets account types provide 24/6 Live Support and a Free VPS Service, T&Cs apply. The ThinkZero account also offers AutoChartist and an account manager. ThinkMarkets offers Market News, Webinars, an Economic Calendar and Tutorials on its website.

Markets

  • City Index provides Forex, Indices, Energy, Metals, Shares, Cryptocurrencies, Soft Commodities, ETFs, Bonds, Interest Rates, IPOs and Options, with 12,000+ on offer.
  • ThinkMarkets provides Forex, Indices, Energy, Metals, Shares, Cryptocurrencies, Soft Commodities, with 1000+ on offer.

City Index offers 80+ Forex pairs on MT4, ThinkMarkets offers 40+ Forex pairs on MT4.

Cryptocurrencies

  • City Index offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple (for CFD trading or spread betting).
  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.

Spreads

ThinkMarkets can offer low spreads plus a commission charge. City index can provide Forex spreads from 0.5 without a commission charge, while ThinkMarkets can offer Forex spreads from 0.4 without a commission charge.

Leverage

  • The maximum leverage for City Index (FCA Regulated) is . The maximum leverage for ThinkMarkets (FCA Regulated) is .
  • The maximum leverage for City Index (ASIC regulated) is 200:1. The maximum leverage for ThinkMarkets (ASIC regulated) is 500:1.

Commissions

  • City Index does not charge commissions, except for Shares CFDs.
  • ThinkMarkets does not charge a commission on the Standard account and charges a commission of $3.5 or £2.5 per lot per side side for the ThinkZero account.

Online trading platforms

  • City Index offers two web trading platforms (Advantage Web and Web Trader), MT4 and AT Pro. ThinkMarkets offers MT4, MT5 and the Trade Interceptor platform. Both brokers have mobile apps.

Why City Index or ThinkMarkets ?

Both brokers support discretionary trading, where the trader makes their own trading decisions, by providing web traders, though City Index offers as well AT Pro which is an advanced downloadable platform, with a large number of technical indicators and signals. Trade Interceptor, offered by ThinkMarkets is a simplified platform, offering a level of ease of trading. Both provide CFD trading on all their platforms. In the UK, ThinkMarkets offers spread betting on MT4 and MT5, while City Index also offers this on its two web traders. For traders who want a large number of markets, City Index has many more, though they are comparable on MT4 and on MT5 ThinkMarkets has a relatively large number of markets to trade. Both brokers allow automated trading on MT4 (and MT4 and MT5 in the case of ThinkMarkets).

Comparison summary

  • Both brokers provide CFD trading
  • In the UK, both brokers offer spread betting
  • Each has MT4
  • ThinkMarkets additionally provides MT5
  • Both offer user friendly web trader
  • City Index additionally provides the AT Pro platform, for advanced traders who execute their own trades
  • ThinkMarkets offers 1000+ markets on MT5
  • City Index has more markets to trade overall

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