This contrast guide helps users who have a hard time to choose in between Plus500 and City Index to discover the very best online broker for their trading and investment demands. It evaluates the main features of the two brokers side by side to assist individuals compare their service and make an educated decision.
To help individuals choose the best broker in between Plus500 and City Index to discover the best-suited platform, listed below is a list of broker’s advantages and disadvantages, followed by a comparison of their main trading features, including trading systems & devices, charges, mobile trading, down payment & withdrawal, possessions, law, and client assistance.
Plus500 vs. City Index: Summary
Plus500 is a reputable CFD online broker licensed by the DFSA (F005651). They offer access to a wide range of assets including 2,800 CFDs on stocks & ETFs, cryptos, futures, forex, commodities, and indices. The Plus500 trading platform offers basic trading tools including Technical analysis charts, real-time quotes, quick buy and sell options from the same window and 3 order different types (market, limit stop order).
Plus500 trading fees are average compared to similar forex and CFD brokers. They charge an average spread of 0.8 pips (EUR/USD) without any commission. Plus500 charges non trading fees in the form of overnight fees, currency conversion fees, guaranteed stop order fees, and inactivity fees.
Plus500’s customer service is available 24/7 (even during the weekends and holidays) by phone, email, WhatsApp, and live chat.
City Index is a London-based forex and CFD broker founded in 1983 and is part of the NASDAQ-listed StoneX Group. It has over 1 million active clients and provides them access to over 6,300 markets, including indices, shares, forex, gold and silver, commodities, bonds, options, interest rates, thematic indices, and cryptocurrencies.
The broker is regulated by the FCA, ASIC, CySEC, and MAS and has local branch offices in the UK, Australia, and Singapore. The maximum allowed leverage is 30:1 for retail and 300:1 for professional traders.
City Index has low, competitive spreads, starting at 0,7 pips (on EUR/USD) and commissions from $2,00 per lot per side, average order execution speeds of 0,02s, and provides users with advanced trading tools like Performance Analytics and SMART Signals.
Available trading platforms include the broker’s proprietary WebTrader and mobile app, MetaTrader 4, and TradingView. Clients can open Standard, MT4, Professional, or Raw Spread live accounts or familiarize themselves with the broker first with its free Demo Account.
Pros
- Low minimum deposit ($100)
- Competitive spread of 0.8 pips EUR/USD
- Multiple order types and technical indicators
- Excellent customer service
- Negative balance protection
- Intuitive mobile trading app
Cons
- Relatively high fees compared to other brokers
- Limited markets
- Limited charting tools and features
Pros
Cons
Key features
- Access to 3,000 CFDs
- Beginner-friendly trading platform and mobile app
- Low, floating spreads from 0.8 pips EUR/USD
- Advanced (conditional) order types available such as GSOs and TSOs
- Free unlimited demo paper trading account
- Fast account opening
Key features
- Access to over 6,000 financial instruments
- Wide range of educational material (courses, lessons, webinars, and a glossary)
- Regulated by multiple tier-one financial institutions
- Numerous trading accounts available, including demo and raw spread accounts
- Daily market news and analysis
- A broad range of available trading platforms
Plus500 vs. City Index Comparison
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City Index
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:30 | |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | |
| Deposit Fee | 0 | |
| Inactivity Fee | $10 | |
| Cost Per Trade | 0 | |
| Cost Per Month | 0 | |
| Forex (EUR/USD) | 0.8 pips | |
| Stocks & ETF | 0 | |
| CFD (Gold) | 7.2 pips | |
| Crypto | 0 | |
| Options | 0 | |
| Conversion Fees | ||
| Misc. Fees | ||
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100 | |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | |
| ETF & Funds | 0 | |
| Crypto | 0 | |
| Commodities | 0 | |
| Indices | 0 | |
| Options | 0 | |
| Futures | 0 | |
| Bonds | 0 | |
| Forex Instruments | 60 | |
| CFD Indices & Funds | 430 | |
| CFD Stocks | 1000 | |
| CFD Commodities | 22 | |
| CFD Crypto | 0 | |
| CFD Bonds | 0 | |
| Binary Options | 0 | |
| SWAPS | 0 | |
| Saving Plans | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Plus500 vs. City Index Comparison Conclusion
The outcomes of our contrast of Plus500 vs. City Index are wrapped up in the table listed below.
| Broker: | Best For: |
| Plus500 | CFD trading and investing |
| City Index |
Choosing the right selection between Plus500 and City Index can be difficult. Both online brokers have resemblances yet vary pertaining to trading instruments, platforms & apps, guideline, deposit & withdrawals, and study and education and learning. Selecting the best broker depends on users’ trading & investment objectives, individual choices, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.