City Index vs Trade Nation
City Index or Trade Nation – which is better for UK traders 2024? Compare City Index and Trade Nation in this detailed breakdown of their platforms, features and fees.
| City Index | Trade Nation |
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| City Index is ranked #11 among CFD brokers. | Trade Nation is ranked #18 among CFD brokers. |
| 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. | Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas. |
| 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. | 67.3% of retail investor accounts lose money when trading CFDs with this provider. |
| Pros | |
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| Cons | |
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| FCA Regulated | |
| Yes | Yes |
| Instruments | |
| CFDs, Forex, Stocks, Options, Commodities, Bonds | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only) |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $0 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.1 Lots |
| Regulator | |
| ASIC, FCA, MAS | FCA, ASIC, FSCA, SCB, FSA |
| Mobile Apps | |
| Yes | iOS & Android |
| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| No | Yes |
| Margin Rate | |
| 2.5% | |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| No | No |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| Yes | No |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| Yes | No |
| STP Account | |
| Yes | Yes |
| ECN Account | |
| No | No |
| DMA Account | |
| Yes | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| 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 | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| Trade Nation Seychelles offers signals and copy trading. These are attractive options for beginners and those looking to a hands-off approach to online trading. You can leverage the expertise of seasoned traders to speculate on popular financial markets, including forex, stocks and commodities. | |
| 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 | $0 |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Commodities | |
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| 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 on over 1000 assets with low-cost spreads. You can also take advantage of the broker's integrated signals to help you determine when to enter and exit positions. |
| Leverage | |
| 1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction. | 1:500 (entity dependent) |
| FTSE Spread | |
| 1 pt | From 0.4 |
| GBPUSD Spread< | |
| 0.8 pips | From 0.6 |
| Oil Spread | |
| 0.4 | From 3.0 |
| Stocks Spread | |
| Variable | Variable |
| 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 Nation offers over 30 of the most popular forex pairs with variable spreads. Traders can access a slick proprietary platform or MetaTrader 4, with real-time forex market updates and insights via 'Smart News'. |
| Assets | |
| 84 | 33 |
| GBPUSD Spread | |
| 0.8 | Variable |
| EURUSD Spread | |
| 0.5 | Variable |
| EURGBP Spread | |
| 0.8 | Variable |
| Currency Indices | |
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| 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. | Cryptocurrencies are available through the broker's Bahamas entity. Traders can access thousands of indicators to tailor their crypto trading strategies and there are no hidden charges. |
| Spread | |
| BTC 0.5%, ETH 1% | Fixed |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| City Index | Trade Nation |
| 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. | 67.3% of retail investor accounts lose money when trading CFDs with this provider. |
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