| Online Broker | Minimum Deposit | Trading Platforms | Markets |
|---|---|---|---|
| City Index | None | Web Trader, MT4 | 13,500+ |
| Spread Co | £200 | Saturn Web Trader & Apps | 1500+ |
City Index and Spread Co Comparison
These are UK brokers offering spread betting and CFD trading. City Index can offer a larger number of individual markets to trade. Spread Co provides a web trader (called Saturn) and a mobile and tablet app. City Index also offers a web trader (called Web Trader) and a mobile and tablet app, but additionally provides MT4 and AT Pro.
Spread Co offers fixed spread betting spreads from 0, T&Cs apply.
Quick comparison
Both brokers offers spread betting in the UK and CFD trading, on web traders and apps. City Index also provides MT4 and a web trader and has more markets.
Spread betting comparison
Both brokers offer spread betting in the UK. At City Index, spread betting is available on its Web Trader platforms and apps. At Spread Co, spread betting in available on its Saturn web trader and apps.
Both brokers offer what can be low spreads for spread betting, however Spread Co provides low fixed spreads, while City Index offers tight variable spreads. Spread Co also offers spread fixed at zero spreads for some markets on its Zero Spread accounts. Finally, City Index can offer more markets to trade.
CFD comparison
Both of these brokers offer CFD trading in the UK and elsewhere on web traders and apps. City Index also offers MT4. City Index can offer more markets to trade.
Minimum deposit and account types
City Index does not have a minimum deposit. The minimum recommended deposit for Spread Co is £200 for spread betting and £250 for CFD trading.
- 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.
- Spread Co has three spread betting account types: Spread Free, Spread Free Bronze and Standard. It also has a CFD trading account. Spread Free and Spread Free Bronze offers zero spreads on some markets, T&Cs apply. Spread Free Bronze charges a fee and has less restrictions. Spread Co provides news and analysis on its website and a relationship manager for all account holders.
Markets
- City Index UK provides Forex pairs, Indices, Energy, Metals, Shares, ETFs, Soft Commodities, Bonds, Interest Rates, IPOs and Options, with 13,500+ on offer.
- Spread Co provides Forex Pairs, Indices, Energy, Metals, Shares, ETFs and ADRs, with 1500+ on offer.
City Index offers 80+ Forex pairs (on MT4), Spread Co offers 35+ Forex pairs.
Spreads and leverage
City Index offers Forex spreads from 0.5 (variable). Spread Co provides Forex spreads from 0 (fixed).
Maximum leverage for both brokers is .
Online trading platforms
- City Index offers its Web Trader and MT4. Spread Co also offers a web trader platform (Saturn). Both brokers have mobile apps.
Why City Index or Spread Co ?
In terms of CFD trading, City Index offers two platforms: its Web Trader with many more markets and MT4 with considerably less. Spread Co offers a web trader and apps. In terms of spread betting City Index also offers more markets (on its Web Trader). A difference is that City Index provides variable spreads, while Spread Co offers fixed spreads, including spreads fixed at zero for some markets. This said City Index can offer tight variable spreads.
Comparison summary
- Both brokers offer CFD trading and spread betting
- City Index provides low variable spreads for CFDs and spread betting
- Spread Co provides low fixed spreads for spread betting from 0, T&Cs apply
- Spread Co offers competitive fixed spreads for CFD trading
- Both brokers provide web traders
- City Index also offers MT4
