CityIndex vs NordFX

CityIndex vs NordFX Comparison Table 2024
CityIndex NordFX
4.4
3.5
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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
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
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
Commodities
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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