| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| City Index | $150 Minimum Deposit | MT4, Web Trader Trading Platforms | 6300+ Markets To Trade | City Index offers a wide range of markets to trade on its user friendly Web Trader and trading tools About |
| FXTM | $50 Minimum Deposit | MT4, MT5 Trading Platforms | 1000+ Markets To Trade | FXTM provides trading on MT4 and MT5 ans offers its Micro account with low minimum trade sizes About |
City Index vs FXTM Comparison
FXTM offers accounts including a Cent type account, which can offer very small trade sizes, as well as its Advantage account which has low spreads plus a commission charge. Both brokers offer MT4 and FXTM also provides MT5. City Index offers a user friendly Web Trader.
Both brokers can provide variable spreads. FXTM can offer very low spreads with a commission charge or higher spreads without a commission charge. City Spreads can offer tight variable spreads without a commission charge. City Index provides many more markets to trade than FXTM on its Web Trader, but has a similar number when compared by MT4.
Minimum deposit and account types
The minimum deposit for City Index is $150. The minimum deposit for FXTM is $50.
- City Index provides SMART Signals (which analyses markets to look for trading opportunities), News & Analysis, Trading View analysis, Performance Analytics from Chasing Returns (to analyse trader's performance), an Economic Calendar and SMS Volatility Alerts.
- FXTM offers three account types: Micro, Advantage and Advantage Plus. The minimum deposit for the Micro account is $50. The minimum deposit for the Advantage and Advantage Plus account is $500. The Micro account is a Cent type account with low minimum trade sizes. The Advantage account offers spreads from 0 plus a commission charge. The Micro and the Advantage Plus accounts offer spreads from 1.5 without a commission charge. FXTM provides Market Analysis Videos and Podcasts, a Forex News Timeline, Education, Market Outlook and an Economic Calendar. Copy trading is provided via FXTM Invest. The minimum trade size is 0.0001 lots.
Markets
- City Index offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Soft Commodities, ETFs, Bonds, Options, IPOs and Interest Rates, with 6300+ CFDs available.
- FXTM offers Forex, Indices, Energy, Metals and Stocks, with 1000+ CFD available.
- City Index can offer 80+ Forex pairs (on MT4), FXTM can offer 55+ Forex pairs.
| Broker | Trading Platforms | Description |
|---|---|---|
| FXTM Broker | MT4, Web Trader Trading Platforms | FXTM provides a Cent type account with low minimum sizes and supports automated trading Description |
| City Index Broker | MT4, Web Trader Trading Platforms | City Index offers a user friendly Web Trader with a wide range of markets to trade, a wide range of trading tools and MT4 Description |
Spreads and leverage
Forex spreads are from 0.5 without a commission charge at City Index. On FXTM's Advantage Plus account, Forex spreads are from 1.5 without a commission charge. On FXTM's Advantage account, Forex spreads are from 0.1 plus commission.
Maximum leverage for City Index is . Maximum leverage for FXTM (CySEC regulated) is .
Commissions
- City Index does not charge commissions, except for Shares CFDs.
- FXTM charges a commission starting at $2 per lot per side, depending on the equity in the account and the volume traded.
Online trading platforms
City Index offers MT4 its Web Trader. FXTM provides MT4 and MT5. Both brokers provide mobile and tablet apps.
Why City Index or FXTM ?
Trader who want to trade on MT4 can try either. Traders who want to trade on MT5 can try FXTM. City Index provides support for traders who want to trade from a large number of markets, as it offers many more on its Web Trader. Traders who want to trade on a Cent type account with low trade sizes can find the Micro account at FXTM.
Comparison summary
- Both brokers offer CFD trading
- Both offer MT4
- FXTM additionally provides MT5
- City Index additionally offers its Web Trader and AT Pro
- City Index has considerably more markets to trade
- FXTM supports social and copy trading
- FXTM offer a Cent type account
