Is City Index or Forex.com better for forex trading?

Summary

• Forex pairs available: 182
• Minimum deposit: £100
• Account types: CFDs & spread betting
• Equity overnight financing: 2.5% +/- SOFR
• Pricing: EURUSD 0.9, GBPUSD 0.9, USDJPY 0.9

Added Value:

For forex traders that want a bit of added value rather than just a click-and-trade account, they also offer free Forex trading signals through SMART Signals City Index also provides some insightful analysis of your previous forex trading with their Performance Analytics.

Trading Platform:

On the FX trading platform, currency pairs are listed by major pairs and also separated by base currency so you can easily see EUR, USD and GBP FX crosses. You can trade forex options as a CFD or spread bet. As well as trading FX, you can also invest in the currency markets through a range of ProShares and Invesco ETFs. One really nice feature of the platform is that when you trade forex you can set your price tolerance, so if you want to place a limit order rather than market or fill or kill, you will still get filled within a few pips (depending on how many you set) of your limit rather than missing out entirely.

Trading Signals:

Trading Central is also integrated into the platform, which will show you which currency pairs have the most “market buzz” and see a constantly updated stream of technical analysis highlighting potential forex trades with pivot points, an indication of whether to go long or short, alternative scenarios and key support and resistance levels.