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


Visit 63.10% of retail CFD accounts lose money.	Visit 69% of retail CFD accounts lose money.
Overview
Nextmarkets is a german broker founded in 2014 that specialises in commission free stocks and ETFs trading through their proprietary platform which offers an expert advisory service via live coaches that suggest their trading ideas.	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
New investors and traders looking to explore their social and copy trading offering via live coaches New investors and traders looking for a simple and friendly mobile app for commission-free investing in stocks or equities	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
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 4 Other Licenses 0 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
MFSA (Malta Financial Services Authority)	FCA (UK) ASIC (Australia) MAS (Singapore) ADGM (United Arab Emirates)
The Good
Their “trading ideas” and “live coaches” offering is quite interesting and provides a lot of value for new traders Their proprietary platform is very simple and easy to use Their equities offering is completely commission-free	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
The Bad
Asides from stocks and ETFs, their asset offering lacks variety Their web platform is completely impractical to use for professional trading They don’t let you enjoy your demo trading experience in peace, there is a constant pop-up asking you to fund your account at all times	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
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
⌛ Account Opening Time
1 day	1 day
📋 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.
📍 Year Founded
2014	1983
💳 Minimum Deposit Range
0	$100
💰 Payment Methods
Visa Mastercard Bank Transfer	Visa Mastercard Maestro Electron PayPal Bank Transfer
💵 Account Base Currencies
2 - EUR, GBP.	8 - GBP, USD, EUR, AUD, JPY, PLN, HUF, CHF.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR.	US, CA, SY, IR.
📊 STP Account
No	No
📊 DMA Account
Yes	No
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
Hybrid	CFDs
Total Asset Offering
18,037	5,412
Exchange Access
0	0
📙 Real Stocks
8,000	0
📙 Stock CFDs
8,000	4,500
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
22	84
📗 Commodities
0	0
📗 Commodities CFDs
5	30
📕 Indices
0	0
📕 Indices CFDs
5	25
📔 ETFs
1,000	0
📔 ETFs CFDs
1,000	740
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
4	5
📒 Bonds
0	0
📒 Bonds CFDs
1	11
📓 Options
0	0
📓 Options CFDs
0	17
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
1 Share	Variable - Fractions Allowed
📉 Minimum ETFs Trade Size
1 ETF	Variable - Fractions Allowed
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (eg: 0.1 BTC)	Variable (eg: 0.01 BTC, 1 LTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies per commodity (eg: 1 contract of Gold - 1 ounce)	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable	1 Unit
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	1 Contract
💪 Retail Leverage
30	30
💪 Professional Leverage
100	500
✍ Customisable Leverage
No	No
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
No	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	Yes
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
No	Yes
👬 Copy Trading
Yes	No
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	Yes
Fees
💰 Inactivity Fee
None	12£ monthly after 1 year of inactivity.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
None	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, £10 or 10€.
Spreads
📈 EUR/USD
Dynamic - From 0.6 Pips	Dynamic - From 0.8 Pips
📉 SP500
Dynamic - From 50 Pips	Dynamic - From 60 Pips
📈 GOLD
Dynamic - From 40 Pips	From 50 Pips
📉 TSLA (Stock CFD)
Dynamic - From $2	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - From $0.1 to 0.3	Dynamic - Market Spread
📉 BTC
Dynamic - From $125	Dynamic - From $120
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
No	Yes
📜 Integrated Newsfeed
No	Yes
📡 Reuters Feed
No	Yes
📡 Educational Content
Yes	No
📡 Live Chat Support
Yes	Yes
📡 Video Tutorials
Yes	No
📡 Account Management
No	No
📡 Webinars
Yes	No