Plus500 vs. City Index

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Plus500 and City Index are leading brokerage firms 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
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. 

Overall Rating

FeaturePlus500 City Index
Commissions & Fees43.5
Offering of Investments45
Platforms & Tools44.5
Mobile Trading44.5
Trust Score9893
72% of retail CFD accounts lose money73% of retail CFD accounts lose money

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. 


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. 


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. 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. 

Plus500 compared to other brokers:

Plus500 Review
Plus500 Insights


The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

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All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.


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