RoboForex
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74-89% of retail CFD accounts lose money.

Vs.

City Index
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69% of retail CFD accounts lose money.

RoboForex Vs. City Index - Compare and Choose the Right One

Updated May 13 2022

Visit

74-89% of retail CFD accounts lose money.

Visit

69% of retail CFD accounts lose money.

Overview

RoboForex is an international broker established in 2009 which also owns the brand RoboMarkets and specialises on CFD trading over several asset classes.

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
  • Intermediate and Professional traders looking for different account offerings
  • Experienced traders looking for trading platform variety
  • 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
  • IFSC (International Financial Services Commission of Belize)
  • FCA (UK)
  • ASIC (Australia)
  • MAS (Singapore)
  • ADGM (United Arab Emirates)
The Good
  • Comprehensive asset offering with more than 13,000+ instruments
  • Great platform variety (MT4, MT5, cTrader and their own proprietary platforms)
  • Custom account types with spreads from 0 pips
  • Very intuitive order placement panelEasy to execute a trade through various markets
  • Professional web platform with customisable workspaces
  • Integrated Reuters news feed directly in the platform
The Bad
  • Weak regulatory framework (counting on 1 license from the IFSC)
  • Doesn’t accept clients from the UK, EU and a few other countries
  • 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
2009 1983
💳 Minimum Deposit
$10 $, €, £ - 100
💰 Payment Methods
  • Visa
  • Mastercard
  • JCB
  • AstroPay
  • Skrill
  • Neteller
  • Perfect Money
  • AdvCash
  • NganLuong Wallet
  • Bank transfers (SEPA, local and several options per country)
  • Visa
  • Mastercard
  • Maestro
  • Electron
  • PayPal
  • Bank Transfer
💵 Account Base Currencies
4 - USD, EUR, CNY, GOLD. 8 - GBP, USD, EUR, AUD, JPY, PLN, HUF, CHF.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, JP, AU, BQ, CW, TL, RU, GQ, FM, MP, SJ, SS, UK, European Union.

US, CA, SY, IR.
📊 STP Account
Yes No
📊 DMA Account
No No
📊 ECN Account
Yes No
Assets
📚 Available Assets

CFDs on currencies, commodities, stocks, indices, ETFs and cryptocurrencies

CFDs on stocks, ETFs,, currencies, commodities, cryptocurrencies, indices and bonds.

📙 Stocks
12,000+ 4,500+
📘 Currency Pairs
40+ 84
📗 Commodities
100+ 30
📕 Indices
50+ 25
📔 ETFs
1,000+ 740
💸 Cryptocurrencies
16 5
📒 Bonds
N/A 11
📓 Options
N/A Yes, option chains over 17 different products
📗 Futures
N/A N/A
📝 Notes:
All of RoboForex’s assets are CFDs.

City index offers both CFDs and spread betting.<

Trading Experience
📈 Minimum Stock Trade Size

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

Varies per share starting from fractional share trading (eg: 0.1 shares)
📉 Minimum ETFs Trade Size

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

Varies per ETFs starting from fractional ETFs trading (eg: 0.1 ETFs)
📈 Minimum Crypto Trade Size

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

Varies per cryptocurrency - (eg: 0.01 BTC, 1 LTC)
📉 Minimum FX Trade Size

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

Varies per commodity
📉 Minimum Bonds Trade Size
N/A Varies per bond
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A Varies per option
💪 Retail Leverage
Up to 1:2000 Up to 1:30
💪 Professional Leverage
N/A Up to 1:500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
No

Yes, 12£ monthly after 1 year of inactivity

💰 Deposit Fees
No No
💰 Withdrawal Fees

Yes for some methods (eg: Some bank withdrawals can cost up to 1.5% of the amount)

No
💰 Commissions

Yes depending on account type (eg: for ECN accounts there are commissions up to $20).

  • 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 Pips depending on account type, 1.4 Pips on Average

Dynamic - From 0.8 Pips
📉 SP500
Dynamic - Market Spread Dynamic - From 60 Pips
📈 GOLD
Dynamic - From 17 Pips From 50 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - Market Spread Dynamic - Market Spread
📉 BTC
Dynamic - From $220 Dynamic - From $120
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No Yes