| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| City Index | $150 Minimum Deposit | MT4, Web Trader Trading Platforms | 6300+ Markets To Trade | City Index offers a wide range of market and a wide range of trading tools About |
| ThinkMarkets | None Minimum Deposit | MT4, MT5, ThinkTrader Markets To Trade | 3500+ Markets To Trade | ThinkMarkets provides MT4, MT5 and user friendly ThinkTrader About |
City Index and ThinkMarkets Comparison
Both of these brokers provide MetaTrader 4 (MT4) and user friendly web traders. Additionally ThinkMarkets offers MT5.
Quick comparison
Both brokers offer MT4 and user friendly web traders, while ThinkMarkets has MT5. ThinkMarkets offers 3500+ markets, while City Index has more markets overall.
Minimum deposit and account types
The minimum deposit for City Index is $150. ThinkMarkets does not have a minimum deposit, except for its ThinkZero account which has a minimum deposit of $500.
- City Index provides SMART Signals (which analyses markets to look for trading opportunities), News & Analysis, Trading View analysis, Performance Analytics from Chasing Returns (to analyse trader's performance), an Economic Calendar and SMS Volatility Alerts.
- 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. Additionally ThinkMarkets supports social and copy trading via ZuluTrade.
Markets
- City Index provides Forex, Indices, Energy, Metals, Shares, Cryptocurrencies, Soft Commodities, ETFs, Bonds, Interest Rates, IPOs and Options, with 6300+ CFDs to trade.
- ThinkMarkets provides Forex, Indices, Energy, Metals, Shares, Cryptocurrencies, Soft Commodities, with 3500+ CFDs to trade.
City Index offers 80+ Forex pairs on MT4, ThinkMarkets offers 40+ Forex pairs on MT4.
| Broker | Trading Platforms | Description |
|---|---|---|
| City Index Broker | MT4, Web Trader Trading Platforms | City Index offers 6300+ CFDs to trade on its Web Trader and provides MT4, with automated trading Description |
| ThinkMarkets Broker | MT4, MT5, ThinkTrader Trading Platforms | ThinkMarkets offers trading on user friendly ThinkTrader and provides MT4 and MT5, supporting automated trading Description |
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 is . The maximum leverage for ThinkMarkets (FCA regulated) is .
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 MT4 and a Web Trader. ThinkMarkets offers MT4, MT5 and the ThinkTrader platform. Both brokers have mobile apps.
Why City Index or ThinkMarkets ?
Traders who want to trade on MT4 can do so at either City Index or ThinkMarkets. Those who want to trade on MT5 may do so at ThinkMarkets. Traders who want to trade a relatively large number of markets on a user friendly platform, can do this at both.
Comparison summary
- Both brokers provide CFD trading
- Each has MT4
- ThinkMarkets additionally provides MT5
- Both offer user friendly web traders
- City Index has more markets to trade overall (6,300+ CFDs)
