Home Brokers comparison Plus500 vs. City Index 2021

Plus500 vs. City Index 2021

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Plus500 and City Index are leading brokerage firms in 2021 with impressive trading experiences. Plus500 has a transparent fee structure and funding process. It has top-tier licenses from the MAS, ASIC, and FCA. We recommend it for experienced traders because it has limited learning tools. 

Broker NamePlus500City Index
Year Founded20081983
RegulationFCA, ASIC, CySEC, FSCA, FMA, MAS, FSAFCA, ASIC, MAS
Tradable AssetsForex, Commodities, Individual shares, ETFs, Options, Cryptocurrencies.CFD, Forex
Min Deposit$100£50.00
Min Trade$0$0
PlatformsWeb, MobileWeb Trader, AT Pro, Mobile App, MetaTrader4
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree of charge

City Index offers an excellent copy trading experience and low-cost trading solutions. It has competitive spreads, user-friendly platforms, and many research tools. City Index has top-tier licenses from the MAS, ASIC, and FCA. We recommend it for traders of all levels of experience who want to improve their skills. 

Both online brokers have strengths and weaknesses. This article discusses the differences between Plus500 and City Index. 

Top findings from the Plus500 vs. City Index review:  

  1. Plus500 is a leading online broker with professional and safe trading platforms. 
  1. City Index is a leading online broker with competitive pricing and valuable learning tools. 
  1. Both brokers offer a proprietary platform and a virtual trading account. 

We recommend Plus500 for professional traders, as it has limited educational and research materials. City Index is a good choice for investors of all levels of experience. 

Level of experience 

Beginner traders prefer City Index over Plus500. City Index offers high-quality market research and news. It has an impressive learning center with forex education, webinars, and beginner trading videos. City Index is a good choice for both professional and inexperienced traders. 

Plus500 does not provide educational materials. It is a premium choice for professional traders, as it has excellent platforms and tools. It provides some trading tools, including an economic calendar. Plus500 is a good choice for professional traders. 

Fees  

The minimum initial deposit at Plus500 is €100, while at City Index is £50.00. The average EUR/USD spread at Plus500 is 0.6, while at City Index is 1.1. Both brokers follow a transparent fee policy. 

Assets  

Both brokerage firms offer access to leading forex pairs, including EUR/USD. City Index has 65 currency pairs, while Plus500 has 50 available pairs. City Index offers 4500 CFDs, while Plus500 has 2033 available CFDs. 

Trading platform  

Plus500 has a comprehensive portfolio with a proprietary platform, a web, and a desktop platform. It offers limited educational data and tools. Plus500 has a professional mobile app with standard watch lists and alerts. Its platforms are difficult to learn by new traders. 

City Index has two proprietary platforms and MetaTrader 4. Its Web Trader and AT Pro platforms offer a professional CFD and forex trading experience. City Index has a user-friendly mobile app with useful news and learning tools. It is a good choice for traders of all levels of experience. 

Banking services  

Banking services are an essential aspect of a good online trading experience. Plus500 offers many funding options, including bank wire, credit/debit card, PayPal, and Skrill. City Index has bank wire, PayPal, and credit/debit card funding. 

Final verdict 

Plus500 and City Index are leading brokerage firms in 2021. Both have strengths and weaknesses depending on your trading experience. Plus500 is an excellent choice for professionals as it has premium platforms and tools. City Index is a better choice for new traders, as it offers useful learning and research tools. 

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