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

Pepperstone is an Australian broker founded in 2010 with the aim of providing a professional trading experience with low fees and tight spreads. Currently Pepperstone counts with 7 financial licenses and operates in almost every country around the world.

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.

• Professional traders that day-trade or scalp
• Algorithmic traders using their own custom built robots
• Experienced traders

• 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

• BaFin (Germany)
• FCA (UK)
• ASIC (Australia)
• DFSA (United Arab Emirates)
• CySec (Cyprus)
• SCB (Bahamas)
• CMA (Kenya)

• FCA (UK)
• ASIC (Australia)
• MAS (Singapore)
• ADGM (United Arab Emirates)

• Well regulated on several jurisdictions
• Low latency, fast execution under 30ms
• Competitive spreads and low commissions from 0.0 pips on their Razor account

• 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

• Avaliable asset offering is not that comprehensive
• No ability to purchase real stocks or cryptocurrencies, only CFDs

• 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

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• 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.

• Visa
• Mastercard
• Bank Transfer
• Paypal
• Neteller
• Skrill
• POLi
• Bpay
• Unionpay
• Mpesa

• Visa
• Mastercard
• Maestro
• Electron
• PayPal
• Bank Transfer

AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, KM, TD, CD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VE, VG, EH, YE, ZW, RU.

US, CA, SY, IR.

12£ monthly after 1 year of inactivity.

• For Standard account : All fees included in the spread
• For Razor account: From $7 per Lot round turn

• 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€.