Updated May 13 2022
Overview | |
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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. |
HF Markets (HFM) is a global broker founded in 2010 under the brand name HotForex that specialises in CFDs trading on currencies, commodities, indices, stocks, ETFs, bonds and futures. Recently they added to their portfolio commission-free real stocks and ETFs. |
Best For | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 4 Other Licenses 0 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 2 Other Licenses 5 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
1983 | 2010 |
💳 Minimum Deposit | |
$, €, £ - 100 | From $5 to $250 (depending on location or account) |
💰 Payment Methods | |
💵 Account Base Currencies | |
8 - GBP, USD, EUR, AUD, JPY, PLN, HUF, CHF. | 6 - USD, EUR, NGN, JPY, ZAR, THB. |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, CA, SY, IR. | US, CA, SY, IR. |
📊 STP Account | |
No | No |
📊 DMA Account | |
No | No |
📊 ECN Account | |
No | No | Assets |
📚 Available Assets | |
📙 Stocks | |
4,500+ | 2,113 Real Stocks / 54 CFDs |
📘 Currency Pairs | |
84 | 53 |
📗 Commodities | |
30 | 13 |
📕 Indices | |
25 | 11 |
📔 ETFs | |
740 | 34 |
💸 Cryptocurrencies | |
5 | N/A |
📒 Bonds | |
11 | 3 |
📓 Options | |
Yes, option chains over 17 different products | N/A |
📗 Futures | |
N/A | 14 |
📝 Notes: | |
City index offers both CFDs and spread betting.< |
HF Markets provides both CFDs and real equities. |
Trading Experience |
📈 Minimum Stock Trade Size | |
Varies per share starting from fractional share trading (eg: 0.1 shares) | $5 (Fractional Share Trading |
📉 Minimum ETFs Trade Size | |
Varies per ETFs starting from fractional ETFs trading (eg: 0.1 ETFs) | $5 (Fractional ETF Trading) |
📈 Minimum Crypto Trade Size | |
Varies per cryptocurrency - (eg: 0.01 BTC, 1 LTC) | N/A |
📉 Minimum FX Trade Size | |
$1,000 (0.01 Lots) | $1,000 (0.01 Lots) |
📈 Minimum Commodities Trade Size | |
Varies per commodity | $1,000 (0.01 Lots) |
📉 Minimum Bonds Trade Size | |
Varies per bond | $1,000 (0.01 Lots) |
📈 Minimum Futures Trade Size | |
N/A | $1,000 (0.01 Lots) |
📉 Minimum Options Trade Size | |
Varies per option | N/A |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:1000 (Non EU) |
💪 Professional Leverage | |
Up to 1:500 | Up to 1:500 (EU Only) |
✍ Customisable Leverage | |
No | Yes |
🎲 Deleveraged Trading | |
No | Yes |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
No | Yes |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes | No |
💻 Proprietary Platform | |
Yes | No |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
No | Yes |
👫 Social Trading | |
No | Yes |
🔑 Guaranteed Stop-loss | |
No | No |
🔨 Trailing Stop-loss | |
Yes | Yes | Fees |
💰 Inactivity Fee | |
Yes, 12£ monthly after 1 year of inactivity |
Yes, $5 monthly after 6 months of inactivity. |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
No | No |
💰 Commissions | |
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Yes depending on account type:
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Spreads |
📈 EUR/USD | |
Dynamic - From 0.8 Pips | Dynamic - From 0 Pips to 1.3 Pips |
📉 SP500 | |
Dynamic - From 60 Pips | Dynamic - From 41 Pips |
📈 GOLD | |
From 50 Pips | Dynamic - From 25 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - Market Spread | Dynamic - From $0.33 |
📈 XLK (ETF - CFD) | |
Dynamic - Market Spread | N/A |
📉 BTC | |
Dynamic - From $120 | N/A | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | Yes |
📡 Reuters Feed | |
Yes | No |