CityIndex vs Weltrade

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

City Index vs Weltrade Comparison Table 2024
City Index Weltrade
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4.4
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City Index is ranked #11 among CFD brokers. Weltrade 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. Weltrade is an established online broker providing tight spreads & powerful tools.
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 Foreign Broker 2019 - Asia Forex Expo
  • Best Customer Service 2017 - Forex Choice
  • Best Trade Executions 2015 - China FX Expo
  • Best Customer Service Russia 2014 - Global Financial Market Review
FCA Regulated
Yes No

List of FCA Regulated Brokers

Instruments
CFDs, Forex, Stocks, Options, Commodities, Bonds Forex, CFDs, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$0 $25
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, FCA, MAS
Mobile Apps
Yes Yes
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 No
Margin Rate
2.5%
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
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 No
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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Auto Trading
Expert Advisors (EAs) on MetaTrader Yes
Copy Trading
No No
Social Trading
No Yes
Trade Signals
Smart Signals Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Inactivity Fee
£12
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • CZK
Commodities
  • Gold
  • Oil
  • Silver
  • Copper
  • Livestock
  • Platinum
  • Natural Gas
  • Soybeans
  • Nickel
  • Iron
  • Orange Juice
  • Cannabis
  • Gold
  • Silver
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. Diversify your trading portfolio with CFDs.
Leverage
1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction. 1:1000
FTSE Spread
1 pt N/A
GBPUSD Spread<
0.8 pips 2.1
Oil Spread
0.4 7
Stocks Spread
Variable N/A
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. Weltrade provides leveraged trading in the highly-liquid FX market.
Assets
84 37
GBPUSD Spread
0.8 2.1
EURUSD Spread
0.5 1.5
EURGBP Spread
0.8 2.4
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. Trade crypto-only pairs and crypto coins against fiat currencies.
Spread
BTC 0.5%, ETH 1% Floating from zero
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • BCH
  • BTC
  • DSH
  • EOS
  • ETH
  • LTC
  • NEO
  • XMR
  • XRP
  • ZEC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
City Index Weltrade
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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