CityIndex vs Equiti

CityIndex vs Equiti Comparison Table 2024
CityIndex	Equiti
Review 4.4	Review 2.8

City Index is an established and award-winning forex, CFD and spread betting broker with top-tier global regulation, including in the UK (FCA) and Australia (ASIC). With 30+ years in the industry, 13,500+ instruments and 24/5 customer support, City Index is a solid pick for aspiring traders.	Equiti is an international STP brokerage, with built-in analysis tools and a wide range of CFD and forex markets. The broker also offers sky-high leverage rates of up to 1:2000 and is regulated offshore for retail traders by the Seychelles FSA, among other tier-2 authorities.
Comment by Reviewer
"City Index is best for new and intermediate traders looking for a wide selection of assets on user-friendly platforms."	"After opening an account, I think Equiti is a pretty good option for experienced traders looking for ECN pricing with high leverage rates on the feature-rich MT5 platform. That said, the offshore regulation doesn't give me a great deal of confidence and the lack of educational tools is frustrating."
Pros
Thousands of instruments including thematic indices and interest rates that are not available at many alternatives Industry-leading platforms including MT4, plus access to cutting-edge third-party tools like TradingView Excellent reputation with over 1 million account holders and tier-one regulatory oversight Tight spreads from 0.5 pips on EUR/USD and competitive commissions on CFD shares A free demo account with unrestricted access to all markets and trading tools Extended hours trading on 70+ popular shares including Amazon and Tesla No minimum deposit to get started	I'm pleased that there's a strong range of accessible payment methods, including bank wire, cards, e-wallets and cryptos The free demo with unlimited usage is a game-changer for those who want to continuously test their strategies DeFi enthusiasts can speculate on an impressive range of 80+ cryptocurrency CFD products I appreciate the 24/6 customer support available in 6 languages, via email and live chat High leverage rates of 1:2000 are on offer for experienced margin traders
Cons
Cryptocurrency trading not available in all locations No Islamic account for Muslim traders $15 monthly inactivity fee US traders not accepted	I think retail clients should look elsewhere for robust regulatory oversight since Equiti's main brokerage branch is regulated offshore Equiti falls short in terms of educational material and extra tools, with one of the most basic offerings I have seen I'm disappointed that bank transfer and e-wallet withdrawals are subject to a fee of 1% up to $30
Instruments
CFDs, Forex, Stocks, Cryptos, Options, Commodities, Bonds	Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$0	$500
Trading Platforms
MT4 TradingView TradingCentral	MT4 MT5 DupliTrade
Payment Methods
BPAY Credit Card Debit Card Mastercard PayID PayNow PayPal Visa Wire Transfer	GlobePay Neteller Skrill Visa
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC, FCA, MAS	FSA, JSC, CMA, SCA, CBA, FCA
Margin Trading
No	No
Margin Rate
2.5%
STP Account
Yes	No
ECN Account
No	No
DMA Account
Yes	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
Yes	Yes
Android App Rating
2.8
iOS App Rating
3.8
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	Yes
Trade Signals
Smart Signals	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	No
Inactivity Fee
£12
Islamic Account
No	Yes
Account Currencies
USD EUR GBP AUD CZK
Stock Exchanges
S&P 500 Shenzhen Stock Exchange
Commodities
Cannabis Copper Gold Iron Livestock Natural Gas Nickel Oil Orange Juice Platinum Silver Soybeans	Gold
CFD Trading
Trade 5,000+ CFDs from a single account with no hidden fees and free live market data. The suite of markets is impressive vs alternatives, including access to shares, indices, commodities and bonds.	The broker's CFD range encompasses all my favorites: forex, US, UK and European stocks, international ETFs, energy commodities, global stock indices and cryptos. They're all available with competitive ECN conditions from within the MT4 or MT5 trading platforms.
Leverage
1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction.	1:500
FTSE Spread
1 pt	1.2
GBPUSD Spread
0.8 pips	0.2
Oil Spread
0.4	0.028
Stocks Spread
Variable	Variable
Forex Trading
Trade a wide selection of 80+ currency pairs with spreads from 0.5 pips and industry-favorite platforms. City Index has 40+ years experience in forex trading with liquidity from tier-one banks.	During my testing, I uncovered nearly 70 foreign exchange CFDs - not a bad line-up compared to other brokers I review. The broker’s STP execution model means that execution times for me are generally quite low and spreads are competitive, starting from 0.0 pips.
GBPUSD Spread
0.8	0.2
EURUSD Spread
0.5	1.6
EURGBP Spread
0.8	0.9
Assets
84	65
Currency Indices
USD
Cryptocurrency
Go long or short on popular digital currencies with ultra-tight spreads and fast order executions. Leverage also allows traders to magnify their purchasing power.	I’m pretty happy with Equiti’s 1:10 leverage and spreads from $5 on popular crypto pairs like BTCUSD. Savvy clients can also utilize the broker's signals and market news to get crypto trade ideas and keep abreast of industry developments.
Spread
BTC 0.5%, ETH 1%	Variable
Coins
BCH BTC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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