Which trading platform is best, Saxo Markets or City Index?City Index is the best trading platform when compared to Saxo Markets judged on the criteria below. City Index is a more established business, has lower trading costs and offers the highest margins and the most added value when compared to Saxo Markets. Though Saxo does offer a wider range of trading instruments and scores higher than City Index, in its customer reviews. Saxo Capital Markets vs City Index compare broker features, fees, platforms and charges.
62% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
|Saxo Markets Reviews|
Saxo Markets Total Markets
Saxo Markets Key Info
|Number Active Clients||525000|
|Inactivity Fee||£25 per quarter|
Saxo Markets Account Types
|DMA (Direct Market Access)||✔️|
Saxo Markets Average Fees
|US Stocks||$0.01 per share|
|Compare Alternatives||Saxo Markets Versus IG|
|Saxo Markets Versus CMC Markets|
|Saxo Markets Versus Pepperstone|
|Saxo Markets Versus City Index|
|Saxo Markets Versus Spreadex|
Visit City Index
70% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
|City Index Reviews|
City Index Total Markets
City Index Key Info
|Number Active Clients||126000|
|Inactivity Fee||£12 per month|
City Index Account Types
|DMA (Direct Market Access)||❌|
City Index Average Fees
|US Stocks||$0.018 per share|
|Compare Alternatives||City Index Versus IG|
|City Index Versus CMC Markets|
|City Index Versus Pepperstone|
|City Index Versus Spreadex|
|City Index Versus Saxo Markets|
Which trading platform has the best customer reviews?
Saxo Markets has the best customer reviews when rated under the Good Money Guide’s unique multi-factor scoring system with an overall score of 3.625 out of 5.0 compared to City Index’s score of 3.40.
Saxo Markets outscored City Index in The Good Money Guide reviews and in both the Apple and Google Play Apps store reviews, though not at TrustPilot.
Which trading platform offers the most markets?
Saxo Markets offers more markets with 19,000 available for its clients to trade compared to the 12,000 instruments offered by City Index.
However, City Index does offer more FX instruments than Saxo Markets at 84 versus 57. Whilst Saxo Markets makes prices in 23 equity indices compared to City Index‘s 21.
Which trading platform offers the most platforms?
Saxo Markets offer more trading platforms than City Index. Saxo Markets has two in-house trading systems SaxoGo and the more advanced SaxoPro, alongside the Metaquotes MT4 platform. It also offers connectivity to third party platforms, such as TradingView and Multicharts, which you can trade from.
City Index offers its own web-based trading platform and Metaquotes MT4
Which trading platform offers the most different types of account?
Saxo Markets offers the most different types of accounts covering FX, CFD trading Direct Market Access (DMA) futures and options and investing compared to City Index.
City Index offers FX, Spread Betting and CFD Trading but does have a DMA or investing account. However, you can trade on-exchange futures and options throughs its parent company the Stonex Group.
Which trading platform is a more established business?
City Index is the more established business compared to Saxo Markets and was founded in 1983. It is currently owned by the US-listed Stonex Group.
Saxo Capital Markets was founded in Denmark in 1992 it established a permanent presence in London in 2006 and is a privately held company.
Which trading platform has the lowest trading costs?
City Index has lower trading costs than Saxo Markets overall and is also the cheapest in the 10 actively traded FX Pairs that we sampled. With an average spread of 0.455 compared to Saxo Capital Markets 0.641.
City Index was also cheaper on many commodities and equity indices, though Saxo Capital Markets has the lower charges when it comes to trading individual equities.
Which trading platform offers the most margin?
City Index offers the most margin with leverages ratios of up to 400:1 available to professional clients versus a maximum of 50:1 available at Saxo Markets.
Both firms apply the FCA/ESMA margin restrictions to retail trading accounts and these are the highest levels of leverage available to retail clients, in the UK and Europe, under current legislation.
Which trading platform offers the lowest overnight financing rates?
City Index offers the lowest overnight financing rates in those instruments where a direct comparison was possible. For example, on equity indices, City Index charges LIBOR +/-2.50% versus the LIBOR +2.50 or -3.0% levied by Saxo Capital Markets.
Which trading platform offers the most added value?
City Index offers the most added value to traders thanks to its 360 view functionality that provides news, views analysis and market data for an instrument all in one place.
Both Saxo Markets and City Index scored 5 out of a possible 6 points for added value. With each offering personal service, education, research, news and market analysis to their clients.