| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| City Index | None Minimum Deposit | MT4, Web Trader Trading Platforms | 6300+ Markets To Trade | City Index provides a wide range of markets on a user friendly Web Trader and offers MT4 About |
| FOREX.com | $100 Minimum Deposit | MT4, Advanced Trading Platform, Web Trader Trading Platforms | 300+ Markets To Trade | FOREX.com is a major MT4 broker with a wide range of tools supporting styles including automated trading About |
City Index and FOREX.com Comparison
One commonality between these two brokers, is that each is part of StoneX Group, Inc and have merged some features as part of their offering. Both provide MT4 (in some regions FOREX.com offers MT5 as well). FOREX.com's main platform is downloadable, while City Index's main platform is its user friendly Web Trader (however FOREX.com also offers this user friendly Web Trader). FOREX.com's downloaded platform, the Advanced Trading Platform has integrated trading strategies.
In some regions FOREX.com has a similar offering as City Index, but in other regions it provide 300+ markets. Roughly speaking FOREX.com is a Forex broker (with a focus on support with MetaTrader tools and automated trading) which additionally provides other markets, while City Index focuses on a wide range of markets to trade. That said, there can be signifcant similarities, depending on the trader's region.
Quick comparison
Both brokers offer MT4 and user friendly Web Traders. FOREX.com additionally offers its downloaded Advanced Trading Platform.
Minimum deposit and account types
City Index does not have a minimum deposit. The minimum deposit for FOREX.com is $/€/£100.
- 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.
- FOREX.com offers CFD trading. It has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its website. Additionally FOREX.com offers SMART Signals and Perfomance Analytic by Chasing Returns. FOREX.com offer a range MetaTrader Apps provides by FX Blue. Free VPS (Virtual Private Server) hosting is offered to clients who maintain a minimum of $5,000 in their account and execute 10 round trip mini lots in their account (or equivalent) per calendar month.
Markets
- On its Web Trader and AT Pro City Index offers Forex, Indices, Metals, Energy, Soft Commodities, Cryptocurrencies, Stocks, ETFs, Bonds, Options, IPOs and Interest Rates, with 6300+ CFDs available.
- On The Advanced Trading Platform, FOREX.com offers Forex, Indices, Metals, Energy, Soft Commodities, Cryptocurrencies and Stocks, with 300+ CFDs available.
Each has 80+ Forex pairs on MT4.
| Broker | Trading Platforms | Description |
|---|---|---|
| FOREX.com Broker | MT4, Web Trader, Advanced Trading Platform Trading Platforms | FOREX.com is a major MT4 broker with support for automated trading and a wide range of other trading styles Description |
| City Index Broker | MT4, Web Trader Trading Platforms | City Index offers a wide range of market to trade on a user friendly platform and additionally provides MT4 Description |
Cryptocurrency CFDs
- City Index offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.
- FOREX.com offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.
Spreads
City Index offers Forex spread from 0.5. FOREX.com provides Forex spreads from 0.8.
Online trading platforms
City Index offers MT4 and its user friendly Web Trader. FOREX.com offers the Advanced Trading Platform, its user friendly Web Trader and MT4 (and MT5 in some regions).
Why City Index or FOREX.com ?
Trader who want to trade on MT4 and use strategies such as automated trading can in fact use either broker, however FOREX.om has a long established background in supporting this kind of trading and offers tools and support for such styles. Traders who want to trade on a user friendly Web Trader can try either, but in most regions City Index has coniderably more markets to trade (in global markets, both have a large number of markets to trade).
Comparison summary
- Both are part of the same group
- Both offer CFD trading
- City Index has many more markets to trade overall, in most regions
- Both have similar number of Forex pairs
- Each offers MT4, with the same market range
- In some region (i.e. global markets), FOREX.com also provide MT5
- FOREX.com offers a wide range of tools for MT4 traders
