Which trading platform is best, City Index or Spreadex?

City Index is objectively a better trading platform compared to Spreadex when judged using our unique scoring system. City Index offers the most markets, has the most trading platforms and is the most established business. Spreadex beat City Index in the key categories of best customer reviews and lowest trading cost, however.

Spreadex Key Features

Spreadex review
Visit Spreadex
67% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Spreadex Reviews
Total Markets10000
Forex Pairs53
Commodities21
Indices37
UK Stocks2000
US Stocks500
Broker specifics
2019 RevenueNA
Number Active Clientsnot disclosed
Minimum Deposit100
Inactivity FeeNone
Founded1999
FX Retails SpreadsSpreadex
EUR/USD Euro vs US Dollar0.6
GBP/USD British pound vs US dollar0.9
USD/JPY US Dollar vs Japanese Yen0.7
EUR/GBP Euro vs British Pound0.9
AUD/USD Australian Dollar vs US Dollar0.6
USD/CAD US Dollar vs Canadian Dollar0.13
USD/CHF US Dollar vs Swiss Franc0.15
NZD/USD NZ Dollar vs US Dollar0.2
EUR/JPY Euro vs Japanese Yen0.15
EUR/AUD Euro vs Australian Dollar0.18
FX Retail Margins
EUR/USD Euro vs US Dollar1899-12-31 06:01:00
GBP/USD British pound vs US dollar1899-12-31 06:01:00
USD/JPY US Dollar vs Japanese Yen1899-12-31 06:01:00
EUR/GBP Euro vs British Pound1899-12-31 06:01:00
AUD/USD Australian Dollar vs US Dollar1970-01-01 20:01:00
USD/CAD US Dollar vs Canadian Dollar1899-12-31 06:01:00
USD/CHF US Dollar vs Swiss Franc1899-12-31 06:01:00
NZD/USD NZ Dollar vs US Dollar1970-01-01 20:01:00
EUR/JPY Euro vs Japanese Yen1899-12-31 06:01:00
EUR/AUD Euro vs Australian Dollar1970-01-01 20:01:00
Commodity Spreads
WTI crude (oil)0.3
Brent crude (oil)0.3
Natural Gasnot quoted
Gold0.4
Silver0.3
Copper (comex)not quoted
Cornnot quoted
Wheatnot quoted
Soyabeansnot quoted
Gasoline RBOBnot quoted
Steelnot quoted
Aluminiumnot quoted
Ironnot quoted
Commodity Margins
WTI crude (oil)1970-01-01 10:01:00
Gold1970-01-01 20:01:00
Cornnot quoted
Brent crude (oil)1970-01-01 10:01:00
Natural Gasnot quoted
Silver1970-01-01 10:01:00
Coppernot quoted
Wheatnot quoted
Soyabeansnot quoted
Gasoline RBOBnot quoted
Steelnot quoted
Aluminiumnot quoted
Ironnot quoted
Index Spreads
Dow Jones Industrials Average (US 30)2.4
Standard & Poor’s 500 (S&P 500)0.4
Nasdaq (Composite and Nasdaq 100)2
Dow Jones Industrials (DJIA)not quoted
UK FTSE 100 (FTSE 100)1
CAC 40 (France 40)2
DAX (Germany 30)1.2
Euro Stoxx 50 (Euro 50)2
Japan 225 (Nikkei 225)15
Hong Kong (Hang Seng Index)8
Index Margins
Dow Jones Industrials Average (US 30)1970-01-01 20:01:00
Standard & Poor’s 500 (S&P 500)1970-01-01 20:01:00
Nasdaq (Composite and Nasdaq 100)1970-01-01 20:01:00
Dow Jones Industrials (DJIA)not quoted
UK FTSE 100 (FTSE 100)1970-01-01 20:01:00
CAC 40 (France 40)1970-01-01 20:01:00
DAX (Germany 30)1970-01-01 20:01:00
Euro Stoxx 50 (Euro 50)1970-01-01 20:01:00
Japan 225 (Nikkei 225)1970-01-01 20:01:00
Hong Kong (Hang Seng Index)1970-01-01 10:01:00
Stocks & Shares Spreads
UK Stock Spreads0.001
US Stock Spreads0.0015
Stocks & Shares Margins
US Stock Margins1970-01-01 22:01:00
UK Stock Margins1970-01-01 22:01:00
Overnight Financing Rates
Forex (tom next plus or minus )intertest rate differentials +0.80%
CommoditiesVariable by instrument see
IndicesVariable by instrument see see
UK StocksLibor+/- 3.0%
US Stocks1 month US Libor +/-3.0%
Compare AlternativesSpreadex Versus IG
Spreadex Versus CMC Markets
Spreadex Versus Pepperstone
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City Index Key Features


Visit City Index
70% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
City Index Reviews
Total Markets12,000
Forex Pairs84
Commodities25
Indices21
UK Stocks?
US Stocks?
Broker specifics
2019 Revenue£41,570,000 (until q3 2019)
Number Active Clients126,000
Minimum Deposit£100
Inactivity Fee£12 per month
Founded1983
FX Retails SpreadsCity Index
EUR/USD Euro vs US Dollar0.5
GBP/USD British pound vs US dollar0.9
USD/JPY US Dollar vs Japanese Yen0.6
EUR/GBP Euro vs British Pound0.9
AUD/USD Australian Dollar vs US Dollar0.5
USD/CAD US Dollar vs Canadian Dollar0.19
USD/CHF US Dollar vs Swiss Franc0.15
NZD/USD NZ Dollar vs US Dollar0.22
EUR/JPY Euro vs Japanese Yen0.17
EUR/AUD Euro vs Australian Dollar0.42
FX Retail Margins
EUR/USD Euro vs US Dollar30:01:00
GBP/USD British pound vs US dollar30:01:00
USD/JPY US Dollar vs Japanese Yen30:01:00
EUR/GBP Euro vs British Pound30:01:00
AUD/USD Australian Dollar vs US Dollar20:01
USD/CAD US Dollar vs Canadian Dollar30:01:00
USD/CHF US Dollar vs Swiss Franc30:01:00
NZD/USD NZ Dollar vs US Dollar20:01
EUR/JPY Euro vs Japanese Yen30:01:00
EUR/AUD Euro vs Australian Dollar30:01:00
Commodity Spreads
WTI crude (oil)0.3
Brent crude (oil)0.23
Natural Gas0.18
Gold0.8
Silver0.2
Copper (comex)0.4
Corn0.1
Wheat1
Soyabeans1.5
Gasoline RBOBnot quoted
Steelnot quoted
Aluminiumnot quoted
Ironnot quoted
Commodity Margins
WTI crude (oil)10:01
Gold20:01
Corn10:01
Brent crude (oil)10:01
Natural Gas10:01
Silver10:01
Copper10:01
Wheat10:01
Soyabeans10:01
Gasoline RBOBnot quoted
Steelnot quoted
Aluminiumnot quoted
Ironnot quoted
Index Spreads
Dow Jones Industrials Average (US 30)3.5
Standard & Poor’s 500 (S&P 500)0.4
Nasdaq (Composite and Nasdaq 100)1
Dow Jones Industrials (DJIA)not quoted
UK FTSE 100 (FTSE 100)1
CAC 40 (France 40)1.3
DAX (Germany 30)1.2
Euro Stoxx 50 (Euro 50)1.9
Japan 225 (Nikkei 225)10
Hong Kong (Hang Seng Index)20
Index Margins
Dow Jones Industrials Average (US 30)20:01
Standard & Poor’s 500 (S&P 500)20:01
Nasdaq (Composite and Nasdaq 100)20:01
Dow Jones Industrials (DJIA)not quoted
UK FTSE 100 (FTSE 100)20:01
CAC 40 (France 40)20:01
DAX (Germany 30)20:01
Euro Stoxx 50 (Euro 50)20:01
Japan 225 (Nikkei 225)20:01
Hong Kong (Hang Seng Index)10:01
Stocks & Shares Spreads
UK Stock Spreads0.80%
US Stock Spreads$0.018 per share
Stocks & Shares Margins
US Stock Margins05:01
UK Stock Margins05:01
Overnight Financing Rates
Forex (tom next plus or minus )variable based on instrument and swap rates
CommoditiesVariable based on differentials between front month future, cash price and days to carry to futures expiry
IndicesLibor +/-2.50%
UK StocksLibor +/-2.50%
US StocksLibor +/-2.50%
Compare AlternativesCity Index Versus IG
City Index Versus CMC Markets
City Index Versus Pepperstone
City Index Versus Spreadex
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Which trading platform has the best customer reviews?

Spreadex has better customer reviews compared to City Indexcustomer reviews under the Good Money guides multi-factor rating system with a score of 4.125 out of a maximum of 5.0 points. City Index, by comparison, scored 3.40 points out of 5.0. Spreadex was the highest scorer in both the Good Money Guide reviews and those posted on Trustpilot.

Find out why customer reviews are important

Which trading platform offers the most markets?

City Index offers more markets than Spreadex. City Index clients can trade in any of the 12,000 different instruments that it offers. Spreadex offers just 10,000 markets for its customers to trade.

Spreadex does offer a wider range of equity indices than City Index with 37 separate markets compared to City Index’s 21,

Find out why market access is important

Which trading platform offers the most platforms?

City Index offers more trading platforms compared to Spreadex. City Index has its own web-based trading platform in both desktop and mobile versions but also offers the Metaquotes MT4 platform as well. Spreadex offers its in-house trading platform for desktop and mobile devices.

Find out why trading platforms are important

Which trading platform offers the most different types of account?

City Index offers more types of accounts than Spreadex with individual accounts for FX, CFD trading and Spread Betting. It’s also possible for City Index clients to trade on-exchange futures and options via an account with its parent company Stonex group. Spreadex offers accounts for FX, CFD trading and Spread Betting

Find out why account types are important

Which trading platform is a more established business?

City Index is a more established business than Spreadex having been founded in 1983 its has undergone several ownership changes in that time, and is currently owned by the US-listed Stonex Group. Spreadex was founded in 1999 and is a privately owned company

Find out why a trading platforms history is important

Which trading platform has the lowest trading costs?

Spreadex has lower trading costs than City Index in the key categories of FX, equity indices, commodities and UK equities. In US equities City Index charges 1.80 cents per share, versus a charge of 0.15% of the consideration at Spreadex,

Find out why trading costs are important

Which trading platform offers the most margin?

City Index offers the most margin with leverage of up to 400:1 for professional clients versus leverage the maximum leverage of 200:1 offered to professional traders by Spreadex.

For retail clients both City index and Spreadex apply the FCA/ ESMA margin restrictions, these are the highest leverage ratios that retail traders can access in both 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 lower overnight financing rates compared to Spreadex in  instruments where a direct comparison between the brokers was possible. For example in UK equities City Index charges Libor +/-2.50% whilst Spreadex charges Libor +/-3.0%.

Find out why overnight financing rates are important

Which trading platform offers the most added value?

City Index offers the most added value thanks to its 360 market view functionality, which brings together market information, news, events charting and analysis into one place on the trading platform.

Both City Index and Spreadex score highly in this category with 5.0 out of possible 6.0 points for each firm both provide their clients with personal service educational resources, as well as regularly updated research and analysis.

Find out why added value is important

 

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