City Index vs UFX Comparison

City Index vs UFX Broker Comparison

City Index versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneAdvantage Web, Web Trader, AT Pro, MT412,000+FCA, MAS, ASIC
$100ParagonEx, MT5450+CySEC

City Index and UFX Comparison

UFX is an STP broker (offering CFD trading) which has a range of markets available. It offers crowd trading on the ParagonEx platform along with MT5 (the successor to MT4). City Index provides CFD trading and spread betting, with a wide range of markets and a relatively large number of individual markets.

City Index provides two web trading platforms along with MT4 and AT Pro. UFX has a range of account types, with different minimum deposits.

While City Index provides variable spreads, UFX offers fixed spreads.

UFX is regulated by the CySEC in Cyprus, while City Index is regulated by the FCA in the United Kingdom, the ASIC in Australia and the MAS in Singapore.

Quick comparison

City Index offers MT4. UFX provides MT5. City Index has AT Pro and its user friendly Web Trader. UFX offers its user friendly ParagonEX platform, with a crowd trading news feed.

Minimum deposit and account types

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

  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports and a Trading Academy.
  • UFX provides CFD trading on six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account.
  • All UFX account types offer daily market reviews, a video library, daily recommendations and 24hr live support. Mini, Standard, Gold and Platinum accounts also have VIP trading support. Standard, Gold and Platinum additionally receive exclusive updates. Gold and Platinum also have access to MT5. Trading Central is available for traders who deposit at least $1000 into their account. At UFX there is a one minute minimum time after a position has been opened until it can be closed.

Markets

  • City Index offers Forex, Indices, Energy, Metals, Soft Commodities, Stocks, ETFs, Cryptocurrencies, Options, 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.
  • UFX offers Forex, Indices, Energy, Metals, Soft Commodities, Stocks and ETFs, with 450+ available.

Cryptocurrencies

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

Spreads and leverage

City Index can offer Forex spreads from 0.5 (variable) without a commission charge. UFX can offer Forex spreads from 2 (fixed) without a commission charge.

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

Platforms

City Index offers two web trading platforms (Advantage Web and Web Trader), MT4 and AT Pro. UFX provides ParagonEx with crowd trading for all account holders and MT5 for some account holders.

Why City Index or UFX ?

Traders who want to trade on user web traders may do so at either broker. City Index offers as well AT Pro, which is a platform for advanced traders with a relatively large number of technical indicators and the capacity to automate charting signals. Traders who want to trade on MT4 can do so at City Index. Traders who want to trade on MT5, the successor to MT4 can do so at UFX. Traders who want to trade a relatively large number of markets can do so at City Index. Traders who want a crowd trading news feed can find one on ParagonEx at UFX.

Comparison summary

  • Both brokers provide CFD trading
  • In the UK, City Index also offers spread betting
  • City Index provides MT4
  • UFX offers MT5
  • Both provide user friendly web traders
  • UFX offers a crowd trading news feed
  • On City Index's AT Pro, traders can automate charting signals
  • City Index has considerably more markets to trade overall

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