City Index vs LegacyFX

City Index or LegacyFX – which is better for UK traders 2024? Compare City Index and LegacyFX in this detailed breakdown of their platforms, features and fees.

City Index vs LegacyFX Comparison Table 2024
City Index LegacyFX
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4.4
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2.5
City Index is ranked #11 among CFD brokers. LegacyFX is ranked #97 among CFD brokers.
Review
Review
City Index is an established and award-winning forex, CFD and spread betting broker with top-tier global regulation, including in the UK (FCA) and Australia (ASIC). With 30+ years in the industry, 13,500+ instruments and 24/5 customer support, City Index is a solid pick for aspiring traders. LegacyFX is a multi-asset broker offering an MT5 download & free signals.
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
  • Thousands of instruments including thematic indices and interest rates that are not available at many alternatives
  • Industry-leading platforms including MT4, plus access to cutting-edge third-party tools like TradingView
  • Excellent reputation with over 1 million account holders and tier-one regulatory oversight
  • Tight spreads from 0.5 pips on EUR/USD and competitive commissions on CFD shares
  • A free demo account with unrestricted access to all markets and trading tools
  • Extended hours trading on 70+ popular shares including Amazon and Tesla
  • No minimum deposit to get started
Cons
  • Cryptocurrency trading not available in all locations
  • No Islamic account for Muslim traders
  • $15 monthly inactivity fee
  • US traders not accepted
Awards
  • Best Trading Signals Provider 2021
  • Broker of the Year 2021
  • Best STP Forex Broker 2020
  • Best Forex Broker in the Middle East 2019
FCA Regulated
Yes Yes
Instruments
CFDs, Forex, Stocks, Options, Commodities, Bonds Forex, CFDs, indices, shares, commodities, cryptocurrencies, stocks
Demo Account
Yes Yes
Minimum Deposit
$0 $500
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, FCA, MAS CySEC, FCA, VFSC, NBRB
Mobile Apps
Yes iOS & Android
iOS App Rating
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3.8
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Android App Rating
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2.8
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Margin Trading
No Yes
Margin Rate
2.5%
MetaTrader 4
Yes No
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
No Yes
eSignal
No No
Trading Central
Yes Yes
STP Account
Yes Yes
ECN Account
No No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Smart Signals Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Inactivity Fee
£12
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • CZK
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • CHF
  • SGD
  • RUB
  • PLN
  • HUF
Commodities
  • Gold
  • Oil
  • Silver
  • Copper
  • Livestock
  • Platinum
  • Natural Gas
  • Soybeans
  • Nickel
  • Iron
  • Orange Juice
  • Cannabis
  • Silver
  • Gold
  • Oil
  • Copper
  • Cocoa
  • Cotton
  • Corn
  • Coffee
  • Sugar
  • Wheat
  • Aluminium
  • Palladium
  • Zinc
  • Gasoline
CFD
Trade 5,000+ CFDs from a single account with no hidden fees and free live market data. The suite of markets is impressive vs alternatives, including access to shares, indices, commodities and bonds. Trade leveraged CFDs in a range of financial markets.
Leverage
1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction. 1:200
FTSE Spread
1 pt From 1.0
GBPUSD Spread<
0.8 pips From 0.5
Oil Spread
0.4 From 0.05
Stocks Spread
Variable From 0.02
Forex
Trade a wide selection of 80+ currency pairs with spreads from 0.5 pips and industry-favorite platforms. City Index has 40+ years experience in forex trading with liquidity from tier-one banks. Trade FX pairs with tight spreads & leverage.
Assets
84 40+
GBPUSD Spread
0.8 From 0.5
EURUSD Spread
0.5 From 0.6
EURGBP Spread
0.8 From 0.5
Currency Indices
  • USD
Cryptocurrency
Go long or short on popular digital currencies with ultra-tight spreads and fast order executions. Leverage also allows traders to magnify their purchasing power. Go long or short on popular cryptos against the USD and EUR
Spread
BTC 0.5%, ETH 1% Variable
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • LTC
  • ETH
  • XRP
  • SOL
  • BNB
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
City Index LegacyFX
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.
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