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.

saxo capital makets review
Visit Saxo
62% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Saxo Markets Reviews
Saxo Markets Total Markets
9000
Forex Pairs182
Commodities19
Indices29
UK Stocks5000
US Stocks2000
ETFs675
Saxo Markets Key Info
Number Active Clients525000
Minimum Deposit500
Inactivity Fee£25 per quarter
Founded1992
Public Company
Saxo Markets Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting
DMA (Direct Market Access)✔️
Futures Trading✔️
Options Trading✔️
Investing Account✔️
Saxo Markets Average Fees
FTSE 1001
DAX 301
DJIA3
NASDAQ1
S&P 5000.5
EURUSD0.6
GBPUSD0.7
USDJPY0.6
Gold0.6
Crude Oil0.5
UK Stocks0.0005
US Stocks$0.01 per share
Compare AlternativesSaxo Markets Versus IG
Saxo Markets Versus CMC Markets
Saxo Markets Versus Pepperstone
Saxo Markets Versus City Index
Saxo Markets Versus Spreadex
Table last updated: 24th November 2021 2:36 pm


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
12000
Forex Pairs84
Commodities25
Indices21
UK Stocks3500
US Stocks1000
ETFs
City Index Key Info
Number Active Clients126000
Minimum Deposit100
Inactivity Fee£12 per month
Founded1983
Public Company✔️
City Index Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting✔️
DMA (Direct Market Access)
Futures Trading
Options Trading
Investing Account
City Index Average Fees
FTSE 1001
DAX 301.2
DJIA3.5
NASDAQ1
S&P 5000.4
EURUSD0.5
GBPUSD0.9
USDJPY0.6
Gold0.8
Crude Oil0.3
UK Stocks0.008
US Stocks$0.018 per share
Compare AlternativesCity 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.

Find out why customer reviews are important

 

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.

Find out why market access is important

 

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

Find out why trading platforms are important

 

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.

Find out why account types are important

 

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.

Find out why a trading platforms history is important

 

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.

Find out why trading costs are important

 

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.

Find out why leverage and margin are important

 

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.

Find out why overnight financing rates are important

 

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.

Find out why added value is important

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