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BlackBull Markets vs City Index

BlackBull Markets or City Index – which is better for UK traders 2025? Compare BlackBull Markets and City Index in this detailed breakdown of their platforms, features and fees.

BlackBull Markets vs City Index Comparison Table 2025
BlackBull Markets	City Index

3.7	4.4
BlackBull Markets is ranked #12 among CFD brokers.	City Index is ranked #17 among CFD brokers.
Review	Review
BlackBull, a New Zealand-based CFD broker, offers a wide range of trading options across more than 26,000 instruments. Following a 2023 rebrand, it boasts a contemporary design and provides advanced trading tools along with ultra-fast execution speeds, averaging 20ms.	Founded in 1983, City Index is a prestigious broker, now under the Nasdaq-listed StoneX Group. It excels in forex, CFDs, and spread betting. With access to over 13,500 instruments, City Index provides a dynamic Web Trader platform, exceptional educational materials, and round-the-clock support five days a week, ensuring a thorough trading experience.
	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pros
BlackBull provides everything a trader needs: execution speeds under 100ms, leverage as high as 1:500, and competitive spreads starting at 0.0 pips. BlackBulls's research excels, particularly in the daily 'Trading Opportunities' articles. These publications simplify complex market dynamics into clear insights, enabling traders to effectively capitalise on emerging trends. After collaborating with ZuluTrade and Myfxbook, upgrading its CopyTrader, and activating cTrader Copy, BlackBull provides an exceptionally thorough trading experience. BlackBull provides three ECN-powered accounts—Standard, Prime, and Institutional—to cater to traders of all experience levels, from novices to seasoned professionals. The variety of account types allows for flexible options tailored to individual trading needs and available capital.	City Index is under the regulation of leading authorities, such as the FCA in the UK, ASIC in Australia, and MAS in Singapore. Its parent company, StoneX Group Inc., is publicly listed, which enhances its credibility. City Index has significantly improved the trading experience. In 2024, they introduced Performance Analytics, providing insights into trades and discipline. The revamped mobile app now includes integrated market research and swipe-access news. City Index offers access to over 13,500 markets, including forex, indices, shares, commodities, bonds, ETFs, and interest rates. The platform's inclusion of niche markets such as interest rates provides traders with unique opportunities not commonly available on other platforms. City Index offers adaptable trading platforms suited to every expertise level. For newcomers, the Web Trader platform is straightforward and user-friendly. For more in-depth analysis and automated features, MetaTrader 4 (MT4) and TradingView are supported, providing a comprehensive trading experience for all traders.
Cons
Despite an expanding range of over 26,000 assets, including new additions to Asia Pacific indices, their offerings are primarily equities. The selection of currency pairs and indices remains average. Unlike many leading brokers, BlackBull imposes a bothersome $5 fee for withdrawals. This charge can reduce the overall cost-effectiveness, particularly for traders who regularly transfer funds. Despite enhancements such as webinars and tutorials in the Education Hub, our review indicates that the courses still require greater emphasis on elucidating broader economic factors affecting prices. BlackBull does not offer its own trading platform, instead utilising MetaTrader, cTrader, and TradingView. Although these platforms are highly regarded, some brokers, such as eToro, provide proprietary platforms with distinct features that cater well to novice traders.	Although many brokers, such as eToro, have broadened their crypto offerings, City Index restricts its clients to crypto CFDs. This limited selection may not meet the needs of traders seeking a wider variety of altcoins. Unlike brokers like AvaTrade and BlackBull, City Index lacks options for passive trading, such as social copy trading or real ownership of stocks and ETFs. This limitation may reduce its appeal to traders seeking a more hands-off approach. City Index does not offer an Islamic account with swap-free conditions, making it less attractive to Muslim traders than brokers such as Eightcap and Pepperstone.
Awards
Fast 50 Index (multiple years) - Deloitte Best Global FX Broker 2022 - Forex Expo Dubai Fastest Growing Exporter for Auckland 2018 - Westpac Auckland Business Awards	Best CFD Provider 2024 - ADVFN International Financial Awards Best Trading Platform 2022 - Online Money Awards
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
CFDs, Stocks, Indices, Commodities, Futures, Crypto	CFDs, Forex, Stocks, Indices, Commodities, Crypto, Futures, Options, Bonds, Interest Rates,ETFs,Spread Betting
Demo Account
Yes	Yes
Minimum Deposit
$0	$0
Payment Methods
Credit Cards Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer	Credit Cards Debit Card Maestro Mastercard Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FMA, FSA	FCA, ASIC, CySEC, MAS
Mobile Apps
iOS & Android	iOS & Android
Trading App
BlackBull delivers a comprehensive mobile trading ecosystem. It provides traders with excellent charting tools and impressive execution speeds of less than 100ms. Options include MT4, MT5, cTrader, and TradingView apps, accommodating varied preferences.	The City Index app delivers an accessible mobile trading experience with customised features such as one-swipe trading. Impressively, it includes full-screen TradingView charts with over 60 technical indicators for strategy planning, complemented by real-time price alerts. In 2024, Performance Analytics tools were launched, offering insights into trading metrics to enhance your strategies.
iOS App Rating
3.7	3.8
Android App Rating
3.7	3.1
Margin Trading
Yes	No
Margin Rate
	2.5%
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	No
cTrader
Yes	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	Yes
Autochartist
Yes	No
eSignal
No	No
Trading Central
No	Yes
STP Account
No	No
ECN Account
Yes	No
DMA Account
No	No
MAM Account
Yes	No
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	Yes
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader, cTrader Automate	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
Blackbull excels with its extensive array of trading solutions, including its CopyTrader, HokoCloud, DupliTrade, and Myfxbook. It provides detailed metrics to assess traders, featuring annual and percentage returns on intuitive dashboards, making it one of the most thorough trading packages available today, particularly with the addition of cTrader Copy in 2025.
Social Trading
Yes	No
Trade Signals
BlackBull Research stock recommendation service	SMART Signals
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
$0	£12
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD NZD JPY ZAR SGD	USD EUR GBP AUD PLN CZK
Commodities
Gold Silver Oil Gasoline Cocoa Wheat Corn Sugar Coffee Natural Gas Platinum Palladium Copper Aluminium Lead Zinc	Gold Oil Silver Copper Livestock Platinum Natural Gas Soybeans Nickel Iron Orange Juice Cannabis Palladium Coffee Cotton Lean Hogs Sugar Wheat
CFD
BlackBull stands out for CFD traders with leverage up to 1:500 and competitive spreads starting at 0.0 pips. It boasts round-the-clock support, which proved outstanding in tests, instilling confidence for traders in dynamic markets.	City Index offers a comprehensive range of CFDs, enabling traders to seize short-term opportunities across various assets, sectors, and regions. Its 'Trade Ideas' platform is particularly beneficial for active traders seeking data-driven insights. Additionally, the Web Trader platform features advanced charting tools with over 90 technical indicators.
Leverage
1:500	1:30
FTSE Spread
1.5	1.0
GBPUSD Spread<
0.5	1.1
Oil Spread
1.5	1.5
Stocks Spread
Variable	Variable
Forex
BlackBull provides 64 currency pairs with competitive pricing via its ECN accounts. The Standard account offers commission-free spreads starting at 0.8 pips. BlackBull's swift execution is also available on MT4, the leading platform among active forex traders.	City Index is a highly respected forex broker, offering traders access to over 80 currency pairs. With tight spreads starting at 0.7 pips, it provides valuable trading alerts and excellent FX market insights. Moreover, 99.99% of trades are executed successfully.
Assets
64	84
GBPUSD Spread
0.5	1.1
EURUSD Spread
0.3	0.8
EURGBP Spread
0.8	1.0
Currency Indices
	USD
Cryptocurrency
BlackBull facilitates short-term trading on 11 cryptocurrencies, such as Bitcoin and Ethereum, with leverage of up to 1:5. Cryptos are traded against USD. The broker's 'Daily Opportunities' provide exceptional insights into emerging cryptocurrency trends.	City Index provides a select range of crypto CFDs, such as Bitcoin, Ethereum, and Ripple. However, it distinguishes itself with insightful market analysis and comprehensive news on significant market movements, all supported by a user-friendly web platform.
Spread
245	0.5% (BTC)
Coins
BTC ETH XRP LTC ADA POLY XFET XINJ XNAKA XAX XCOTI	BTC BCH ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

BlackBull Markets	City Index
Review	Review
	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
More Comparisons
BlackBull Markets vs	City Index vs