Updated May 26 2022
Overview | |
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CMC Markets is a global broker headquartered in the U.K that holds 6 high value financial licenses and offers CFD trading on stocks, etfs, commodities, currencies, bonds and cryptocurrencies. |
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. |
Best For | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 5 Other Licenses 0 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 4 Other Licenses 0 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 | |
1989 | 1983 |
💳 Minimum Deposit | |
0 | $, €, £ - 100 |
💰 Payment Methods | |
💵 Account Base Currencies | |
10 - AUD, GBP, CAD, EUR, NZD, NOK, PLN, SGD, SEK, USD. | 8 - GBP, USD, EUR, AUD, JPY, PLN, HUF, CHF. |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, JP, SY, ZA, IR. | US, CA, SY, IR. |
📊 STP Account | |
No | No |
📊 DMA Account | |
Yes | No |
📊 ECN Account | |
Yes | No | Assets |
📚 Available Assets | |
📙 Stocks | |
10,169 | 4,500+ |
📘 Currency Pairs | |
330+ | 84 |
📗 Commodities | |
124 | 30 |
📕 Indices | |
95 | 25 |
📔 ETFs | |
1084 | 740 |
💸 Cryptocurrencies | |
18 (Not available in the U.K) | 5 |
📒 Bonds | |
55 | 11 |
📓 Options | |
N/A | Yes, option chains over 17 different products |
📗 Futures | |
CFDs on commodities futures contracts with various expiration dates. |
N/A |
📝 Notes: | |
N/A | City index offers both CFDs and spread betting.< |
Trading Experience |
📈 Minimum Stock Trade Size | |
1 Share | Varies per share starting from fractional share trading (eg: 0.1 shares) |
📉 Minimum ETFs Trade Size | |
1 ETF | Varies per ETFs starting from fractional ETFs trading (eg: 0.1 ETFs) |
📈 Minimum Crypto Trade Size | |
Varies per cryptocurrency (eg: 0.01 BTC) | Varies per cryptocurrency - (eg: 0.01 BTC, 1 LTC) |
📉 Minimum FX Trade Size | |
$1,000 (0.01 Lots) | $1,000 (0.01 Lots) |
📈 Minimum Commodities Trade Size | |
1 Contract | Varies per commodity |
📉 Minimum Bonds Trade Size | |
1 Contract | Varies per bond |
📈 Minimum Futures Trade Size | |
1 Contract | N/A |
📉 Minimum Options Trade Size | |
N/A | Varies per option |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:30 |
💪 Professional Leverage | |
Up to 1:500 | Up to 1:500 |
✍ Customisable Leverage | |
No | No |
🎲 Deleveraged Trading | |
No | No |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
No | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
No | Yes |
💻 Proprietary Platform | |
Yes | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
No | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
Yes | No |
🔨 Trailing Stop-loss | |
Yes | Yes | Fees |
💰 Inactivity Fee | |
After 12 months of inactivity, CMC Markets charges a £10 inactivity fee. |
Yes, 12£ monthly after 1 year of inactivity |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
No | No |
💰 Commissions | |
Yes and they vary per share exchange location. For U.S shares, there is a minimum $10 in-and-out commission. |
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Spreads |
📈 EUR/USD | |
Dynamic - From 0.7 Pips | Dynamic - From 0.8 Pips |
📉 SP500 | |
From 60 Pips | Dynamic - From 60 Pips |
📈 GOLD | |
From 30 Pips | From 50 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - Market Spread | Dynamic - Market Spread |
📈 XLK (ETF - CFD) | |
Dynamic - Market Spread | Dynamic - Market Spread |
📉 BTC | |
N/A | Dynamic - From $120 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | Yes |
📡 Reuters Feed | |
Yes | Yes |