City Index vs FOREX.com

FOREX.com vs City Index

City Index vs FOREX.com
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, Advantage Web, Web Trader, AT Pro12,000+FCA, ASIC, MAS
$50MT4, Advanced Platform, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA

City Index and FOREX.com Comparison

One commonality between these two brokers, is that each is part of Gain Capital Holdings, Inc. However they have significant differences. City Index offers spread betting (in the UK) and CFD trading (in the UK and elsewhere), while FOREX.com offers CFD trading.

Both however provide MT4. FOREX.com's main platform is downloadable, while City Index's main platforms are two web traders (FOREX.com also has a web trader, with less features than its downloadable platform). City Index provides as well the downloadable AT Pro platform, which has an expanded range of technical indicators.

City Index has many more markets to trade than FOREX.com on its two web trading platforms and its downloadable AT Pro platform (compared with FOREX.com's web trader and downloadable platform), but they have the same number and range on MT4. Both support automated and discretionary trading, but City Index has a larger number of markets for discretionary trading.

Both are regulated by the FCA in the United Kingdom and the ASIC in Australia. City Index is additionally regulated by the MAS in Singapore. FOREX.com is additionally regulated by the CFTC in the United States, the IIROC in Canada, the SFC in Hong Kong, the CIMA in the Cayman Islands and the FSA in Japan.

Quick comparison

City Index is a spread betting and CFD broker, while FOREX.com is a CD broker. City Index can offer many more markets to trade on its web traders and AT Pro, but on MT4 they have a similar number.

Minimum deposit and account types

City Index does not have a minimum deposit. The minimum deposit for FOREX.com is $/€/£50.

  • City Index offers CFD trading and spread betting. City Index provides a news feed, Market Reports and a Trading Academy.
  • FOREX.com offers CFD trading. It has an Economic Calendar, Market Research and a news feed on its platforms and a Trader Education course on its website.

Markets

  • On its Web Trader and AT Pro City Index offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies, Stocks, ETFs, Bonds, Options, 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.
  • On MT4 City Index offers Forex, Indices, Energy, Metals and Soft Commodities, with 110+ available.
  • On The Advanced Platform, FOREX.com offers Forex, Indices, Metals, Energy, Soft Commodities, Cryptocurrencies and Stocks, with 300+ available.
  • On MT4, FOREX.com offers Forex, Indices, Metals, Energy and Soft Commodities, with 110+ available.

Each has 80+ Forex pairs on MT4.

Cryptocurrency CFDs

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

Spreads and leverage

  • Spreads at City Index are variable and are from 0.5 for EUR/USD, 1 for UK100, 0.3 for Gold and 0.04 for US Oil.
  • Spreads at FOREX.com are variable or fixed depending on the market, with variable spreads from 1.4 for EUR/USD, a fixed spread of 1 for UK100, a typical variable spread of 0.61 for Gold and 0.04 for US Crude Oil.

The maximum leverage for City Index (FCA regulated) is . The maximum leverage for FOREX.com is .

Platforms

City Index offers MT4 and two web trading platforms (Advantage Web and Web Trader) in addition to AT Pro. FOREX.com offers the Advanced Platform, a web trader, MT4, an MT4 web trader and apps. The Advanced Platform (FOREX.com) and AT Pro (City Index) are downloadable. City Index's web traders have more markets and features than FOREX.com's web trader.

Why City Index or FOREX.com ?

FOREX.com is a long established Forex broker, which expanded into other CFD markets. City Index is a long established CFD and in the UK, spread betting broker. Because FOREX.com has considerably less markets, it can be seen as still focused on Forex. City Index supports traders who want to trade with a wide range and variety of markets, as it simply offers so many. Each has MT4 and web traders and apps.

Comparison summary

  • Both are part of the same group
  • City Index is a CFD trading and spread betting broker
  • FOREX.com is a CFD broker
  • City Index has many more markets to trade overall
  • Both have similar number of Forex pairs
  • Each offers MT4, with the same market range
  • However City Index has many more markets than FOREX.com on its web traders and AT Pro
  • Both are FCA and ASIC regulated
  • Each offers Cryptocurrency CFDs

Search this site

Translate