City Index vs Z.com Trade Comparison

City Index vs Z.com Trade UK Broker Comparison

City Index versus Z.com Trade
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, Advantage Web, Web Trader, AT Pro12,000+FCA, ASIC, MAS
$50MT475+FCA

City Index and Z.com 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 Z.com Trade is a no dealing desk broker, with no restrictions on trading styles.

Z.com Trade and City Index both offer variable spreads. Z.com Trade has a Classic account which does not charge commissions. Z.com 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 Z.com 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

Z.com 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 Z.com Trade £/$50.

  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports and a Trading Academy.
  • Z.com 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.
  • Z.com 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.

Markets

  • On Advantage Web, Web Trader and AT Pro, 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, City Index offers Forex, Indices, Energy, Metals and Soft Commodities, with 100+ available.
  • On MT4, Z.com Trade offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 75+ available.

City Index offers 80+ Forex pairs on MT4, Z.com 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).
  • Z.com Trade offers Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.

Spreads and leverage

  • City Index provides variable spreads, from 0.5 for EUR/USD, 1 for UK100, 0.4 for Gold and 0.04 for US Oil.
  • On Z.com Trade's Classic account, spreads are variable from 1.0 for EUR/USD. On Z.com Trade's ECN accounts, spreads are variable, with a typical spread of 0.1 for EUR/USD, 1.5 for UK100, 0.09 for Gold and 0.03 for US Crude Oil.

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

Platforms

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

Why City Index or Z.com Trade ?

Z.com Trade is an ECN broker offering accounts which cater to this kind of trading, on MT4. City Index is both a CFD broker and in the UK also a spread betting broker, which can offer many more markets to trade on its web traders and AT Pro. But on MT4, they have a comparable number.

Comparison summary

  • Both brokers provide CFD trading, City Index also offers spread betting
  • Z.com Trade offers variable spread trading without a commission charge on its Classic account
  • City Index provides variable spreads without a commission charge
  • Both brokers offer MT4
  • City Index also provides two web traders and AT Pro
  • City Index has a relatively large number of individual markets on the web traders and AT Pro
  • City Index has less markets, but more than Z.com Trade on MT4
  • Z.com offers ECN spreads from 0.0, plus commission for Forex on its ECN accounts
  • City Index can offers tight variable spreads, without a commission charge
  • Z.com Trade is an ECN broker
  • Both brokers are regulated by the FCA in the United Kingdom

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