City Index vs Spreadex

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

City Index vs Spreadex Comparison Table 2025
City Index Spreadex
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4.4
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3.5
City Index is ranked #18 among CFD brokers. Spreadex is ranked #26 among CFD brokers.
Review
Review
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. Spreadex, regulated by the FCA, provides spread betting across 10,000+ CFD instruments, including 60 forex pairs. Traders have the option to engage in short-term positions on sporting events as well. With a history exceeding 20 years, the company has earned numerous accolades.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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
  • 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.
  • There is a superb selection of instruments and trading vehicles for short-term traders.
  • Spreadex offers UK traders the chance to earn tax-free profits via spread betting.
  • A unique broker offering access to low market cap stocks on the AIM.
  • There are appealing new account promotions, such as double the odds and matched betting offers.
  • Traders can place wagers on sporting events directly through their brokerage accounts.
  • A wide array of signals, analytical tools, and risk management options, such as guaranteed stops, is available.
  • The broker provides a user-friendly custom charting platform and mobile application.
Cons
  • 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.
  • The absence of a demo account may dishearten potential clients wishing to evaluate Spreadex's offerings.
  • Limited customer support may lead to delays in resolving issues.
  • The proprietary terminal does not offer the detailed charting capabilities found in platforms such as MT4 and MT5.
  • There is no support for expert advisors or trading bots.
  • Third-party e-wallets are not permitted.
Awards
  • Best CFD Provider 2024 - ADVFN International Financial Awards
  • Best Trading Platform 2022 - Online Money Awards
  • Best Spread Betting Provider - 2020 COLWMA Awards
  • Best Mobile Trading Platform - 2020 ADVFN Awards
  • Best Trading Alerts System - 2020 ADVFN Awards
  • Best Spread Betting Provider - 2019 GMG Awards
FCA Regulated
Yes Yes
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto, Futures, Options, Bonds, Interest Rates,ETFs,Spread Betting Forex, CFDs, Indices, Commodities, Stocks, Crypto, Bonds, Interest Rates, ETFs, Options, Spread Betting
Demo Account
Yes No
Minimum Deposit
$0 £0
Payment Methods
Minimum Trade
0.01 Lots £0.01
Regulator
FCA, ASIC, CySEC, MAS FCA
Mobile Apps
iOS & Android iOS & Android
Trading App

The City Index app offers a user-friendly mobile trading experience with bespoke features like one-swipe trading. What’s also neat is the full-screen TradingView charts with 60+ technical indicators to plan your next move, while you can stay ahead with real-time price alerts and notifications. Additionally, Performance Analytics tools, added in 2024, provide insights into your trading metrics, helping you refine your trading strategies.

Spreadex delivers a first-rate mobile trading app on iOS and Android, featuring sophisticated charts with intervals from 1 tick to 1 month and 10+ years of historical data. Price alerts are also easy to set up using the bell icon next to each asset, ensuring you don’t miss opportunities. However, integration of features like the economic calendar and market updates could be improved, as they redirect you to an external browser, dampening the mobile trading experience.
iOS App Rating
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3.8
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4.5
Android App Rating
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3.1
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4.5
Margin Trading
No Yes
Margin Rate
2.5%
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
No No
eSignal
No No
Trading Central
Yes No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader No
Copy Trading
No No
Social Trading
No No
Trade Signals
SMART Signals
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes Yes
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Inactivity Fee
£12 £0
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • PLN
  • CZK
  • USD
  • EUR
  • GBP
  • CAD
  • CHF
Commodities
  • Gold
  • Oil
  • Silver
  • Copper
  • Livestock
  • Platinum
  • Natural Gas
  • Soybeans
  • Nickel
  • Iron
  • Orange Juice
  • Cannabis
  • Palladium
  • Coffee
  • Cotton
  • Lean Hogs
  • Sugar
  • Wheat
  • Oil
  • Gold
  • Cocoa
  • Silver
  • Coffee
  • Copper
  • Cotton
  • Platinum
  • Natural Gas
CFD
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. Trade CFDs on Spreadex's extensive range of instruments, offering leverage up to 1:30 and competitive spreads. Although spread betting is their unique selling point, the favourable trading conditions and broad market selection make them an excellent option for CFD trading as well.
Leverage
1:30 1:30
FTSE Spread
1.0 1.0
GBPUSD Spread<
1.1 0.9
Oil Spread
1.5 2.8
Stocks Spread
Variable 0.15%
Forex
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. Engage in trading across over 60 forex pairs with zero commission and highly competitive spreads starting at 0.6 on major pairs like EUR/USD. This offers a robust selection and excellent pricing for commission-free trades, significantly undercutting industry norms.
Assets
84 60+
GBPUSD Spread
1.1 0.9
EURUSD Spread
0.8 0.6
EURGBP Spread
1.0 0.9
Currency Indices
  • USD
Cryptocurrency
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. Spreadex provides spread betting on cryptocurrencies such as Bitcoin, Bitcoin Cash, Ether, Litecoin, and Ripple, paired with USD. Traders can engage in leveraged trading of these digital assets via derivative contracts, without the need to own them.
Spread
0.5% (BTC) 1 - 140 pips
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
City Index Spreadex
Review
Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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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