City Index vs USGFX Comparison

Compare City Index vs USGFX

City Index vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, AT Pro, Advantage Web, Web Trader12,000+FCA, ASIC, MAS
$100MT4, MT560+ASIC

City Index vs USGFX Comparison

City Index is a broker offering CFD trading, and in the UK spread betting. Both brokers have MT4 and support trading automation. While USGFX also offers MT5, City Index has three other platforms in addition to MT4, with many more markets than MT4 (on MT4, both brokers have a similar number of markets). These three platforms at City Index are two web traders (called Advantage Web and Web Trader) and AT Pro - At Pro allows the trader to use and build chart based trading signals and has a relatively large number of technical indicators.

Both brokers are regulated by the ASIC in Australia. City Index is additionally regulated by the FCA in the United Kingdom and the MAS in Singapore.

Quick comparison

Both offer MT4 - USGFX also has MT5. On the web traders and AT Pro City Index has many more markets.

Minimum deposit and account types

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

  • City Index offers CFD trading and spread betting. City Index provides a news feed, Market Reports and a Trading Academy.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest available on the VIP account. UGSFX support social and copy trading via ZuluTrade and Myfxbook. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which offers trading ideas), analysis, an economic calendar and an Education Center on its website with webinars, seminars, a trading guide and Blog and contests. A minimum deposit of $10,000 provides access to the Trader's Club which offers features including personalised coaching, market research and commentary, premium trading tools and services and structured education.

Markets

  • On Advantage Web, Web Trader and AT Pro City Index offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Soft Commodities, 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.
  • USGFX offers Forex, Indices, Energy, Precious Metals and Cryptocurrencies, with 60+ available.

Cryptocurrency CFDs

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

Spreads and leverage

City Index provides Forex spreads from 0.5. USGFX offers Forex spreads from 1.3.

The maximum leverage for City Index (FCA regulated) is . The maximum leverage for City Index (ASIC regulated) is 200:1. USGFX's maximum leverage is 500:1, except on the Pro-ECN account where it is 100:1.

Commissions

  • City Index does not charge commissions, except for Shares CFDs.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Online trading platforms

City Index offers MT4, two web trading platforms (Advantage Web and Web Trader) and AT Pro. USGFX offers MT4 and MT5.

Why City Index or USGFX ?

Traders who want to trade on MT4 may do so at either broker. Traders who want to trade on MT5, the successor to MT4, may do so at USGFX. Traders who want to trade on a user friendly web trader can do so at City Index. Traders who want to trade on a platform with a relatively large number of technical indicators and programmable chart signals, can do so on AT Pro at City Index. Those who want to social and copy trade may do this at USGFX.

Comparison summary

  • Both brokers provide CFD trading
  • In the UK, City Index additionally provides spread betting
  • Both offer MT4
  • USGFX additionally provides MT5
  • City Index additionally offers its Web Trader and AT Pro
  • City Index has considerably more markets to trade
  • USGFX supports social and copy trading

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