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    City Index
    Visit

    69% of retail CFD accounts lose money.

    Vs.

    ForexVox
    Visit

    61% of retail CFD accounts lose money.

    City Index Vs. ForexVox - Compare Trustworthiness, Capabilities, Fees and Legitimacy

    Updated Oct 28 2022

    Visit

    69% of retail CFD accounts lose money.

    Visit

    61% of retail CFD accounts lose money.

    Overview

    City Index is a global broker founded in 1983 that holds 4 financial licenses and offers advanced trading platforms, mobile apps, diverse market research tools and an extensive range of markets.

    ForexVox is a new trading name from Valutrades, a broker operating since 2012 that offers currencies, indices and commodities under FCA and FSAS regulation.

    Best For
    • Intermediate and experienced traders looking for a great asset variety on CFDs
    • Experienced traders looking to trade options over 17 asset classes
    • Share and ETF traders looking for a comprehensive offering
    • Experienced traders that look for an ECN account offering with commissions
    • Currency traders
    Licenses

    Financial
    Licenses

    Regulation

    Regulated

    Top-tier Licenses

    4

    Other Licenses

    0

    Provided by
    TheTradingBible.com

    Learn More

    Financial
    Licenses

    Regulation

    Regulated

    Top-tier Licenses

    1

    Other Licenses

    1

    Provided by
    TheTradingBible.com

    Learn More
    πŸ› Financial Regulators
    • FCA (UK)
    • ASIC (Australia)
    • MAS (Singapore)
    • ADGM (United Arab Emirates)
    • FCA (United Kingdom)
    • FSAS (Seychelles)
    The Good
    • All assets are CFDs, there is no possibility to buy real stocks or ETFs
    • Cryptocurrency offering is below most of its competitors (only 5)
    • While easy to execute a trade, platform is difficult for a novice to navigate
    • FCA Regulation and being a trading name of ValuTrades (founded in 2012)
    • Scalping is allowed
    • Ecn account offered
    The Bad
    • All assets are CFDs, there is no possibility to buy real stocks or ETFs
    • Cryptocurrency offering is below most of its competitors (only 5)
    • While easy to execute a trade, platform is difficult for a novice to navigate
    • Poor asset offering (less than 100 instruments)
    • Low platform offering (only MT4 and MT5 available)
    • Client area lacks usability
    • Average spreads are high
    Status
    Operational Operational
    Recent News

    No fresh news at the moment. Check again soon!

    No fresh news at the moment. Check again soon!

    Key Data
    βŒ› Account Opening Time
    1 day 1 hour
    πŸ“‹ Documents Required
    • Valid identity document (Passport, ID Card, etc)
    • Valid proof of residence document (Bank statement, utility bills)

    All documents must be under the account holder's name.

    • Valid identity document (Passport, ID Card, etc)
    • Valid proof of residence document (Bank statement, utility bills)

    All documents must be under the account holder's name.

    πŸ“ Year Founded
    1983 2020
    πŸ’³ Minimum Deposit Range
    $100 0
    πŸ’° Payment Methods
    • Visa
    • Mastercard
    • Maestro
    • Electron
    • PayPal
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • UnionPay
    • USDT (Tether)
    • Bank Transfer
    • SticPay
    πŸ’΅ Account Base Currencies
    8 - GBP, USD, EUR, AUD, JPY, PLN, HUF, CHF. 3 - EUR, USD, GBP.
    πŸ—½ Available to U.S Citizens
    No No
    ❌ Restricted Countries

    US, CA, SY, IR.

    US, CA, SY, IR.

    πŸ“Š STP Account
    No Yes
    πŸ“Š DMA Account
    No No
    πŸ“Š ECN Account
    No Yes
    Banking License
    No No
    Debit Card
    No No
    Assets
    πŸ“š Assets Type
    CFDs CFDs
    Total Asset Offering
    5,412 104
    Exchange Access
    0 0
    πŸ“™ Real Stocks
    0 0
    πŸ“™ Stock CFDs
    4,500 0
    πŸ“˜ Currency Pairs
    0 0
    πŸ“˜ Currency Pair CFDs
    84 74
    πŸ“— Commodities
    0 0
    πŸ“— Commodities CFDs
    30 3
    πŸ“• Indices
    0 0
    πŸ“• Indices CFDs
    25 15
    πŸ“” ETFs
    0 0
    πŸ“” ETFs CFDs
    740 0
    πŸ’Έ Cryptocurrencies
    0 0
    πŸ’Έ Cryptocurrency CFDs
    5 5
    πŸ“’ Bonds
    0 0
    πŸ“’ Bonds CFDs
    11 0
    πŸ““ Options
    0 0
    πŸ““ Options CFDs
    17 0
    πŸ“— Futures
    0 0
    πŸ“— Futures CFDs
    0 7
    Trading Experience
    πŸ“ˆ Minimum Stock Trade Size
    Variable - Fractions Allowed Unavailable
    πŸ“‰ Minimum ETFs Trade Size
    Variable - Fractions Allowed Unavailable
    πŸ“ˆ Minimum Crypto Trade Size
    Variable (eg: 0.01 BTC, 1 LTC) Unavailable
    πŸ“‰ Minimum FX Trade Size
    $1,000 (0.01 Lots) $1,000 (0.01 Lots)
    πŸ“ˆ Minimum Commodities Trade Size
    $1,000 (0.01 Lots) $1,000 (0.01 Lots)
    πŸ“‰ Minimum Bonds Trade Size
    1 Unit Unavailable
    πŸ“ˆ Minimum Futures Trade Size
    Unavailable $1,000 (0.01 Lots)
    πŸ“‰ Minimum Options Trade Size
    1 Contract Unavailable
    πŸ’ͺ Retail Leverage
    30 30
    πŸ’ͺ Professional Leverage
    500 500
    ✍ Customisable Leverage
    No Yes
    🎲 Deleveraged Trading
    No No
    πŸŽ“ Demo Account
    Yes Yes
    πŸ“± IOS App
    Yes No
    πŸ“± Android App
    Yes No
    πŸ“Ί MetaTrader 4
    Yes Yes
    πŸ“Ί MetaTrader 5
    No Yes
    πŸ“Ί cTrader
    No No
    πŸ’» Web trader
    Yes Yes
    πŸ’» TradingView Platform
    Yes No
    πŸ’» Proprietary Platform
    Yes No
    πŸ“Š Multi-chart Tools
    Yes Yes
    πŸ‘¬ Copy Trading
    No No
    πŸ‘« Social Trading
    No Yes
    πŸ”‘ Guaranteed Stop-loss
    No No
    πŸ”¨ Trailing Stop-loss
    Yes Yes
    Fees
    πŸ’° Inactivity Fee

    12Β£ monthly after 1 year of inactivity.

    None
    πŸ’° Deposit Fees
    None None
    πŸ’° Withdrawal Fees
    None None
    πŸ’° Commissions
    • Spread betting markets have no commission
    • CFDs or FX trading has no commission as well (except equities: shares & ETFs)
    • Equity commissions depend on the market’s location (eg: UK and Europe have a 0.08% of transaction value fee, US equities and Asian ones have different percentages as well)
    • The minimum equity commission rates are $10, Β£10 or 10€.
    • No commissions on their standard account
    • A $7 per lot round turn commission on their ECN account
    Spreads
    πŸ“ˆ EUR/USD
    Dynamic - From 0.8 Pips Dynamic - From 1 Pip
    πŸ“‰ SP500
    Dynamic - From 60 Pips Dynamic - From 135 Pips
    πŸ“ˆ GOLD
    From 50 Pips Dynamic - From 16 Pips
    πŸ“‰ TSLA (Stock CFD)
    Dynamic - Market Spread Unavailable
    πŸ“ˆ XLK (ETF - CFD)
    Dynamic - Market Spread Unavailable
    πŸ“‰ BTC
    Dynamic - From $120 Unavailable
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    πŸ”­ Stock Screener
    No No
    πŸ—“ Economic Calendar
    Yes No
    πŸ“œ Integrated Newsfeed
    Yes Yes
    πŸ“‘ Reuters Feed
    Yes No
    πŸ“‘ Educational Content
    No Yes
    πŸ“‘ Live Chat Support
    Yes Yes
    πŸ“‘ Video Tutorials
    No Yes
    πŸ“‘ Account Management
    No No
    πŸ“‘ Webinars
    No No