City Index
CMC Markets
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Forex and CFD traders looking for low forex fees and great research tools
Recommended for Forex and CFD traders looking for an advanced trading platform with many research tools
UK
UK
Fees
Low trading and average non-trading fees, high stock CFD fees
Low forex fees, average CFD and non-trading fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
3
10
Deposit type
Withdrawal type
Account opening
$0
$0
1 day
1-3 days
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / credit card statement
Proof of identity: passport / national ID / driver's licence Proof of address: bank statement / utility bill / mortgage statement / credit card statement
Trading platform
Markets and products
Disclaimer: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Great
Great
Customer service
Security
£85,000 for clients under FCA, no investor protection for other clients
£85,000 for clients under FCA, $1,000,000 under IIROC, no protection under other regulators
1983
1989
UK, Australia, Singapore
UK, Australia, Canada, New Zealand, Singapore, Germany
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
City Index's service is on par with CMC Markets's and a comparison of their fees shows that City Index's fees are similar to CMC Markets's.
Account opening takes somewhat less effort at City Index compared to CMC Markets, deposit and withdrawal processes are somewhat more complicated at City Index, while customer service quality is somewhat lower than CMC Markets's.
Our experts rated the trading platform of City Index as somewhat worse than the platform of CMC Markets, found that clients have access to about the same number of markets and products with City Index, while CMC Markets provides somewhat better research and education.