CityIndex vs NordFX

CityIndex vs NordFX Comparison Table 2024
CityIndex	NordFX
Review 4.4	Review 3.5

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.	Founded in 2008, NordFX is an offshore CFD broker offering forex, stock, commodities, indices and crypto trading to over 1.7 million clients in 190 countries. Traders access markets through the MetaTrader 4 platform and benefit from low commissions, spreads from zero and decent extra features. Minimum deposits start from just $10 and very high leverage is available up to 1:1000.
Customer Reviews
	5 Based on 1 NordFX customer reviews
Bonus Offer
	Pro accounts can participate in the 100,000 USD Super Lottery
Comment by Reviewer
"City Index is best for new and intermediate traders looking for a wide selection of assets on user-friendly platforms."	"NordFX's biggest advantages are available to upper-tier account holders, so this is a good option for experienced, higher volume traders looking for ECN, zero-spread trading. That said, the lack of regulation is a notable concern and the broker's market coverage is weak compared to alternatives."
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	NordFX continues to offer decent trading terms for seasoned day traders in the Zero ECN account, with a reasonable $500 barrier for entry The broker offers some extra features to enhance the trading experience, including in-depth market analysis and educational resources The straightforward copy trading service will suit beginners or improving traders, with just a $100 minimum deposit to get started There's an impressive 25+ payment methods, including local bank transfers, with zero fees and near-instant processing There’s a good range of day trading tools available, including a VPS, calculators, live signals and an economic calendar The FIX and Pro accounts will serve beginners, with minimum deposits at $10 and $100, respectively
Cons
Cryptocurrency trading not available in all locations No Islamic account for Muslim traders $15 monthly inactivity fee US traders not accepted	Minimum spreads in the Standard account are 2 pips, which is wider than equivalent accounts at many competitors - Vantage, for example, offers minimum quotes from 1.1 pips With only around 100 instruments, NordFX’s market coverage is uncompetitive vs most alternatives The lack of strong regulatory oversight is a major concern as clients will receive limited safeguards
Awards
	Best Social Trading Network 2021 - Forex Awards Best Affiliate Program 2021 - Forex Awards Best Customer Support 2021 - Forex Traders Association The Most Transparent Broker 2021 - World Forex Award
Instruments
CFDs, Forex, Stocks, Cryptos, Options, Commodities, Bonds	Forex, CFDs, indices, commodities, cryptos, stocks
Demo Account
Yes	Yes
Minimum Deposit
$0	$10
Trading Platforms
MT4 TradingView TradingCentral	MT4
Payment Methods
BPAY Credit Card Debit Card Mastercard PayID PayNow PayPal Visa Wire Transfer	Credit Card Dragonpay Mastercard Neteller Perfect Money QIWI Skrill Visa WebMoney Wire Transfer
Minimum Trade
0.01 Lots	$1
Regulator
ASIC, FCA, MAS
Margin Trading
No	Yes
Margin Rate
2.5%
STP Account
Yes	No
ECN Account
No	Yes
DMA Account
Yes	No
MAM Account
No	No
PAMM Account
No	Yes
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	Yes
Mobile Apps
Yes	iOS & Android
Android App Rating
2.8	4.4
iOS App Rating
3.8	4.8
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	You can copy the trades of experienced investors using real-time signals. You only pay a fee on winning trades, starting from 10%. New subscribers can also get started with a competitive $100 minimum deposit.
Social Trading
No	Yes
Trade Signals
Smart Signals	Yes (via MetaQuotes Software Corp - MT4)
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	No
Inactivity Fee
£12
Islamic Account
No	No
Account Currencies
USD EUR GBP AUD CZK	USD
Stock Exchanges
S&P 500 Shenzhen Stock Exchange	Deutsche Boerse Japan Exchange Group Nasdaq New York 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.	CFDs are available on forex, stocks, indices, metals, oil and cryptos, with support on MT4. Execution speeds are also decent, averaging 0.5 seconds, though there is also a VPS service facilitating 24/7 connectivity for algo strategies.
Leverage
1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction.	1:1000
FTSE Spread
1 pt	-
GBPUSD Spread
0.8 pips	From 0.1
Oil Spread
0.4	From 0.0
Stocks Spread
Variable	From 0.0
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.	NordFX offers a modest range of 33 major and minor forex pairs. Disappointingly, there are no exotic pairs, though traders do benefit from tight spreads from 0.0 pips and low commissions from 0.0035% per side.
GBPUSD Spread
0.8	From 0.4
EURUSD Spread
0.5	From 0.0
EURGBP Spread
0.8	From 0.2
Assets
84	33
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.	NordFX offers 13 leveraged cryptocurrency CFDs paired with USD, including BTC, DOGE, LINK and ETH. The selection is small, although high leverage up to 1:1000 is available and there’s also a crypto base currency savings account with daily interest payouts.
Spread
BTC 0.5%, ETH 1%	From 1.0
Coins
BCH BTC ETH LTC XRP	BTC ETH DSH BAB BSV XRP ZEC EOS ETC LTC OMG
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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