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City Index vs Plus500
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Compare City Index Vs Plus500 Side by Side
Choosing between City Index vs Plus500 to determine which broker aligns best with your requirements? We’ve crafted an in-depth comparison of City Index Review and Plus500 Review, assessing aspects such as safety protocols, licensing, fee structures, trading platforms, available instruments, and deposit & withdrawal procedures side by side.
Summary
| Feature | City Index | Plus500 |
|---|---|---|
| Website | //www.cityindex.co.uk | //www.plus500.com |
| Founded year | 1983 | 2008 |
| Headquarter | UK | Israel |
| Licenses | UK, US, Canada, Australia, Singapore, UAE, Japan, US, Cayman Islands | UK, Cyprus, Australia, South Africa, Seychelles, Singapore, New Zealand, Israel, Estonia, UAE |
| Minimum Deposit | US$ 0 | 100 US$ |
| Trading Platforms | Advantage Web, AT Pro, MT4 | Plus500 Platform |
| Eurusd avg Spread | 0.5 pips | 0.6 pips |
Licenses
| Feature | City Index | Plus500 |
|---|---|---|
| Licenses Countries Info (short) |
|
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City Index and Plus500 stand out as reputable brokers, each boasting operations across various regions and armed with credentials from renowned regulatory bodies like the FCA, ASIC, CySEC, and CIMA. Further solidifying their global presence, both have cultivated international branches to cater to a diverse clientele. Significantly, City Index has carved a niche for itself by extending its offerings to US clients, demonstrating its expansive reach and adaptability in the competitive trading landscape.
Broker Types
| Feature | City Index | Plus500 |
|---|---|---|
| Broker types |
|
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Both brokers operate as Market Makers, meaning they serve as the counterparty to their clients’ transactions, ensuring liquidity and streamlining trades on their platforms.
Trading Conditions
| Feature | City Index | Plus500 |
|---|---|---|
| Trading Conditions |
|
|
City Index is tailored to accommodate novice traders, offering adaptable conditions without limiting trading strategies, augmented by competitive spreads. In contrast, Plus500 appears more aligned with the needs of seasoned traders, courtesy of its advanced technical features all of which are underscored by attractively low spreads.
Fees & Commissions
| Fees & Commissions | City Index | Plus500 |
|---|---|---|
| Inactivity Feemonth | $15 | $10 |
| Deposit fee | $0 | 0$ |
| Withdrawal fee | $0 | 0$ |
| Rollover fee eurusd buy 1 lot | -0.817 | -0.0128% |
| Rollover fee eurusd sell 1 lot | +1.28 | 0.003% |
| Avg Eurusd standard acc | 0.5 pips | 0.6 pips |
| Gold | 0.3 | 29 |
| Brent oil | 4 | 2 pips |
| Bitcoin | 40 | 0.35% |
Both brokerages offer competitive spreads, ensuring narrow margins and cost-efficient pricing without imposing deposit or withdrawal fees. Yet, it’s crucial to highlight that both brokers charge inactivity fees for accounts that remain dormant over a specified period.
Account Types
| Feature | City Index | Plus500 |
|---|---|---|
| Account types |
|
|
City Index presents three account variations designed for traders across various expertise levels, each boasting competitive spreads and commissions. In contrast, Plus500 offers a unified account type characterized by reduced spreads and commissions. Regrettably, neither brokerage caters to Muslim traders with Islamic account options. (See our list of Forex Brokers with Islamic Account)
Markets & Instruments
| Markets & Instruments | City Index | Plus500 |
|---|---|---|
| Forex | 80+ | 71 |
| Indices | 20 | 29 |
| Commodities | 29 | 22 |
| Cryptocurrencies | ✔️ | 14 |
| Shares | 4,500+ | 2000+ |
| Bonds | 12 | ❌ |
| Options | ❌ | ✔️ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | 690 | 95 |
City Index clearly outpaces Plus500 by presenting a more diverse selection of trading instruments. Although the market scope for both brokers is largely similar, the distinction lies in City Index offering Bonds, whereas Plus500 provides Options.
Trading Platforms
| Feature | City index | Plus500 |
|---|---|---|
| Platforms |
|
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City Index takes the lead in terms of trading platforms, showcasing its bespoke platform replete with unique features for traders. It also integrates the widely-recognized MetaTrader 4 platform and WebTrader. On the other hand, Plus500 maintains a singular focus with its in-house platform, which is meticulously crafted to cater to the nuances of professional traders in search of sophisticated technical tools.
Deposit & Withdrawal Methods
| Feature | City Index | Plus500 |
|---|---|---|
| Payment methods |
|
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City Index offers a more constrained array of payment options, primarily focusing on bank transfers and Visa/Master Cards. Meanwhile, Plus500 broadens the horizon with an expansive suite of payment choices, encompassing several e-wallets, ensuring added convenience for its clientele.
Others
| Feature | City Index | Plus500 |
|---|---|---|
| Others |
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City Index distinguishes itself with an extensive learning hub, covering a diverse array of topics, and facilitating user education. Conversely, Plus500 keeps its educational resources more concise and doesn’t feature specialized trading courses or live webinars. Both brokers uphold commendable customer service, reflecting an exemplary level of professionalism and reliability.
Conclusion on Plus500 vs City Index
In our assessment of City Index and Plus500, both brokers emerge as credible and trustworthy, boasting notable global footprints and stringent regulatory compliance. Their profound industry experience ensures they offer optimal trading environments. However, City Index gains an edge with its broader spectrum of trading instruments, diverse platform choices, holistic educational resources, and cost-effectiveness. Conversely, Plus500 is better aligned with professional traders on the lookout for advanced trading capabilities. Here is our final recommendation:
- City Index – 🥇Best Signal Trading Broker with extensive market range and offering outstanding customer support and education.
- Plus500 – 🥇Best Broker for Professional Trading offering better conditions and advanced trading experience.
