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 review
Visit Spreadex
67% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Spreadex Reviews
Spreadex Total Markets
10000
Forex Pairs54
Commodities20
Indices17
UK Stocks1575
US Stocks2110
ETFs160
Spreadex Key Info
Number Active Clients4000
Minimum Deposit0
Inactivity Fee0
Founded1999
Public Company
Spreadex Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting✔️
DMA (Direct Market Access)
Futures Trading
Options Trading
Investing Account
Spreadex Average Fees
FTSE 1001
DAX 301.2
DJIA4
NASDAQ2
S&P 5000.6
EURUSD0.6
GBPUSD0.9
USDJPY0.7
Gold0.4
Crude Oil3
UK Stocks0.002
US Stocks0.003
Compare AlternativesSpreadex Versus IG
Spreadex Versus CMC Markets
Spreadex Versus Pepperstone
Spreadex Versus City Index
Spreadex Versus Saxo Markets
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?

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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