City Index vs Trade Comparison

City Index vs Trade UK Broker Comparison
City Index versus Trade Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, Advantage Web, Web Trader, AT Pro12,000+FCA, ASIC, MAS

City Index and Trade Comparison

Both of these brokers are regulated by the FCA in the United Kingdom. However, City Index provides many more individual markets and a wider range of markets to trade. But Trade is a no dealing desk broker, with no restrictions on trading styles. Trade and City Index both offer variable spreads. Trade has a Classic account which does not charge commissions. Trade also provides ECN accounts, with spreads as low as 0.0, plus a commission charge. Both brokers provide MT4, City Index additionally offers two web trading platforms (called Web Trader and Advantage Web) and AT Pro. City Index is regulated as well by the ASIC in Australia and the MAS in Singapore.

Both brokers provide an environment for automated trading. On MT4, which has support for trading automation with Expert Advisors, City Index actually offers more markets (though on MT4, it has less than on its other platforms). Both brokers say they offer low latency execution on MT4. However Trade has an STP ECN order execution model and does not reject orders. In terms of trading automation, City Index has additional support, with AT Pro, which allows strategy building and offers the same wide range of markets available on City Index's web trader.

Quick comparison Trade is an ECN MT4 broker. City Index offers MT4, Web Trader, Advantage Web and AT Pro, and provides many more markets to trade on these platforms, but a comparable number on MT4.

Minimum deposit and account types

City Index does not have a minimum deposit. The minimum deposit for Trade £/$50.

  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports and a Trading Academy.
  • Trade offers three account types for retail traders, Classic, ECN and ECN Plus. The minimum deposit for the Classic and ECN accounts is $/€/£50. The minimum deposit for the ECN Plus account is $/€/£10,000. The ECN Plus account has lower commission charges.
  • Trade offers an 'Educational and Analytical Portal' which provides trading strategies and signals, educational courses, the capacity to chat with an analyst, a technical and fundamental analysis feed, market analysis and news updates.


  • City Index provides Forex, Indices, Energy, Cryptocurrencies, Metals, Soft Commodities, Shares, ETFs, Bonds, Interest Rates, IPOs and Options, 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, Trade offers Forex, Indices, Energy, Cryptocurrencies and Metals, with 75+ available.

City Index offers 80+ Forex pairs on MT4, Trade offers 55+ Forex pairs on MT4.

Cryptocurrency CFDs

  • City Index offers Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple (as CFDs or for spread betting).
  • Trade offers Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.

Spreads and leverage

City Index offers Forex spreads from 0.5 without a commission charge. Trade provides Forex spreads from 1 without a commission charge and low Forex spreads plus a commission charge.

The maximum leverage for City Index UK is . The maximum leverage for Trade is .

Online trading platforms

  • City Index offers Advantage Web, Web Trader platform, MT4 and AT Pro. Trade provides MT4.

Why City Index or Trade ?

Traders who want to trade on an MT4 ECN broker may do so at Trade. Traders can also trade on MT4 at City Index and can additionally trade on its user friendly Web Trader and AT Pro, with many more markets available on these two platforms.

Comparison summary

  • Both brokers provide CFD trading
  • In the UK, City Index additionally provides spread betting
  • Both offer MT4
  • City Index additionally provides its Web Trader and AT Pro
  • City Index has considerably more markets to trade
  • Trade is an ECN broker

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