CityIndex vs FXDD

CityIndex vs FXDD Comparison Table 2024
CityIndex	FXDD
Review 4.4	Review 4

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.	FXDD is an established forex and CFD broker founded in 2002. Regulated in Malta, Mauritius, Peru and Malaysia, the broker provides secure trading platforms, competitive ECN spreads and reliable 24/7 customer support. Competitive pricing and ultra-low latency is also offered via the broker's Direct Market Access execution model and tier 1 aggregated liquidity.
Customer Reviews
	3 Based on 2 FXDD customer reviews
Bonus Offer
	Available in Mauritius, Labuan, Peru
Comment by Reviewer
"City Index is best for new and intermediate traders looking for a wide selection of assets on user-friendly platforms."	"FXDD remains a popular choice for experienced traders looking for reliable VPS hosting and automated trading tools. It will also serve any traders familiar with the MetaQuotes software, with both MT4 and MT5 on offer."
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	The broker's Trading Central integration offers daily fundamental market analysis, automated chart pattern software and market insights newsletters FXDD is highly accessible for beginners with just a $1 minimum deposit to get started, plus cent, mini, micro and demo accounts The broker offers VPS accounts for algo traders and experienced traders looking to run complex automated strategies MAM and PAMM accounts are available for those who want to manage trader portfolios and earn commissions The broker is regulated by various authorities that offer investor compensation and negative balance protection The broker offers responsive 24/5 multilingual customer support via telephone, email and live chat
Cons
Cryptocurrency trading not available in all locations No Islamic account for Muslim traders $15 monthly inactivity fee US traders not accepted	A $40 inactivity fee applies to accounts that have been dormant for more than 90 days, which is much higher than the $10 charged by many competitors Withdrawal fees apply for more than one payment per calendar month, which is particularly punitive for active traders There's a $25 withdrawal fee for payments under $100, which is steep and will impact beginners and casual traders FXDD offers around 150 instruments - a narrow range compared to the hundreds offered at most top brokers The broker's market insights section is outdated and trails leading competitors
Awards
	Most Transparent Broker in Europe 2022 - ForexRating.com Awards Most Trusted Broker - The Forex Expo Dubai 2021 Awards Best Forex Broker - The Forex Expo Dubai 2020 Best Regulated Forex Broker - Saudi Money Expo 2018
Instruments
CFDs, Forex, Stocks, Cryptos, Options, Commodities, Bonds	Forex, CFDs, Indices, Stocks, Commodities
Demo Account
Yes	Yes
Minimum Deposit
$0	$200
Trading Platforms
MT4 TradingView TradingCentral	WebTrader FXDD Mobile App MT4 MT5
Payment Methods
BPAY Credit Card Debit Card Mastercard PayID PayNow PayPal Visa Wire Transfer	Credit Card, Wire Transfer, Visa, Mastercard, Neteller, Skrill & other PSP providers depending on the region.
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC, FCA, MAS	MFSA, FSC, LFSA, SBS
Margin Trading
No	Yes
Margin Rate
2.5%
STP Account
Yes	No
ECN Account
No	No
DMA Account
Yes	No
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	Yes
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	Yes
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. Entity dependent.
Copy Trading
No	No
Social Trading
No	Yes
Trade Signals
Smart Signals	Yes
VPS Hosting
No	Yes
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	USD EUR GBP JPY CHF
Stock Exchanges
S&P 500 Shenzhen Stock Exchange
Commodities
Cannabis Copper Gold Iron Livestock Natural Gas Nickel Oil Orange Juice Platinum Silver Soybeans	Gold Oil Silver
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.	Traders can access CFDs across forex, indices, commodities and stocks. There are no restrictions on short-term strategies, which is good news for scalpers and algo traders. There’s also an excellent range of free tools on offer, including a custom price ticker.
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* Leverage varies depending on the region
FTSE Spread
1 pt	2.30
GBPUSD Spread
0.8 pips	0.4
Oil Spread
0.4	6.0
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.	FXDD continues to offer a leading selection of 90+ currency pairs with ECN pricing. Spreads are decent, coming in at 0.4 pips for EUR/USD during testing. That said, these quotes aren’t as narrow as top competitors like Pepperstone.
GBPUSD Spread
0.8	0.4
EURUSD Spread
0.5	0.5
EURGBP Spread
0.8	1.6
Assets
84	90+
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.	Crypto trading not offered
Spread
BTC 0.5%, ETH 1%
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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