Webull vs CityIndex

Webull vs CityIndex Comparison Table 2023
Webull Review 2023 CityIndex Review 2023
4.4

Webull is #6 in our broker rankings.

4.4
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous bonuses have made the discount broker popular with online investors.

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.

Bonus Offer
Up to 12 free fractional shares when you deposit $100
Comment by Reviewer
"Webull is best for traders looking to buy and sell stocks on a user-friendly app with zero commissions." "City Index is best for new and intermediate traders looking for a wide selection of assets on user-friendly platforms."
Pros
  • Respected brand with strong regulatory oversight
  • Easy-to-use investment platform and mobile app
  • No minimum deposit for beginners
  • No commission or inactivity fees
  • Smart Advisor for auto investing
  • Promotions with free stocks
  • Brokerage account plus IRA
  • Fractional shares
  • 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
Cons
  • Day trading is limited for customers with less than $25,000 deposited
  • High deposit and withdrawal wire fees for non-US residents
  • Sometimes sudden changes in trading conditions
  • Cryptocurrency trading not available in all locations
  • No Islamic account for Muslim traders
  • $15 monthly inactivity fee
  • US traders not accepted
Instruments
Stocks, ETFs, options, cryptos, forex, ADRs, fractional shares, OTCs Stocks, Spreadbetting, Options, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $0
Trading Platforms
  • Own
  • MT4
  • TradingView
  • TradingCentral
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
SEC, FINRA ASIC, FCA, MAS
Margin Trading
Yes No
Margin Rate
5.49% to 9.49% 2.5%
STP Account
No Yes
ECN Account
No No
DMA Account
No Yes
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
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Smart Signals
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • AUD
  • CZK
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered 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.
Leverage
1:4 1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction.
FTSE Spread
1 pt
GBPUSD Spread
0.8 pips
Oil Spread
NA 0.4
Stocks Spread
$0 Variable
Forex Trading
Webull offers a modest collection of 17 currencies, including majors like EUR/USD. Forex can be traded on the feature-rich investing app with real-time quotes and low spreads. 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.
GBPUSD Spread
0.4 0.8
EURUSD Spread
0.2 0.5
EURGBP Spread
0.4 0.8
Assets
15+ 84
Currency Indices
  • USD
Cryptocurrency
Webull offers trading on popular cryptos like Bitcoin against the US Dollar. With 35+ tokens and premium analysis tools, traders can review market trends and identify opportunities in a few taps. 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.
Spread
Floating BTC 0.5%, ETH 1%
Coins
  • BTC
  • BCH
  • BAT
  • ETH
  • LTC
  • DOGE
  • XLM
  • EOS
  • TRX
  • XMR
  • ZEC
  • ETC
  • ADADASH
  • SHIB
  • AVAX
  • LUNA
  • LINK
  • UNI
  • ALGO
  • MATIC
  • SISHI
  • REM
  • ATOM
  • MANA
  • FTM
  • GRT
  • SOL
  • CRV
  • LRC
  • XTZ
  • USDC
  • AAVE
  • ONE
  • CRO
  • YFI
  • APE
  • BNT
  • COMP
  • ENJ
  • MKR
  • AMP
  • FIL
  • ICP
  • 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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