GO Markets vs CityIndex
GO Markets or City Index – which is better for UK traders 2024? Compare GO Markets and City Index in this detailed breakdown of their platforms, features and fees.
GO Markets | City Index |
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GO Markets is ranked #26 among CFD brokers. | City Index is ranked #11 among CFD brokers. |
GO Markets is an established forex and CFD broker with multiple industry awards and accolades. The ECN/STP broker is popular with budding traders, offering competitive accounts in multiple base currencies and a range of flexible payment methods. With top-tier regulation from CySEC and ASIC, GO Markets is a trusted broker. | 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. |
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 | |
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Cons | |
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Awards | |
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FCA Regulated | |
No | Yes |
Instruments | |
CFDs, forex, indices, shares, energies, metals, cryptocurrencies | CFDs, Forex, Stocks, Options, Commodities, Bonds |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$200 | $0 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
ASIC, CySEC, FSC of Mauritius | ASIC, FCA, MAS |
Mobile Apps | |
iOS & Android | Yes |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | No |
Margin Rate | |
2.5% | |
MetaTrader 4 | |
Yes | Yes |
MetaTrader 5 | |
Yes | No |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
No | Yes |
Autochartist | |
Yes | No |
eSignal | |
No | No |
Trading Central | |
Yes | Yes |
STP Account | |
Yes | Yes |
ECN Account | |
Yes | No |
DMA Account | |
No | Yes |
MAM Account | |
Yes | No |
PAMM Account | |
Yes | 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 | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Auto Trading | |
Yes | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
Yes | No |
Copy Trading Platform | |
GO Markets uses the Myfxbook AutoTrade platform to provide investors with the option to copy other traders. Learn from profitable traders with straightforward risk management tools. | |
Social Trading | |
Yes | No |
Trade Signals | |
Yes | Smart Signals |
VPS Hosting | |
Yes | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | Yes |
Inactivity Fee | |
$0 | £12 |
Islamic Account | |
Yes | No |
Account Currencies | |
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Commodities | |
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CFD | |
Access highly leveraged CFDs across forex, commodities, indices, stocks and bonds with 24/5 customer support. Build a diverse portfolio with hundreds of CFD assets. | 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. |
Leverage | |
1:500 | 1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction. |
FTSE Spread | |
1 - 2.3 points | 1 pt |
GBPUSD Spread< | |
0.0 - 1.5 pips | 0.8 pips |
Oil Spread | |
Variable | 0.4 |
Stocks Spread | |
Variable | Variable |
Forex | |
Speculate on popular currency pairs with flexible leverage up to 1:500 and zero-pip spreads in the GO Plus account. Commission-free trading is available with micro, mini and standard forex contract sizes. | 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. |
Assets | |
50+ | 84 |
GBPUSD Spread | |
0.0 - 1.5 pips | 0.8 |
EURUSD Spread | |
0.0 - 1.2 pips | 0.5 |
EURGBP Spread | |
0 - 1.4 pips | 0.8 |
Currency Indices | |
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Cryptocurrency | |
Take positions on leading cryptos including Bitcoin, Ethereum and Ripple. Competitive spreads are available with no hidden fees and a stable trading platform. | 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. |
Spread | |
Variable | BTC 0.5%, ETH 1% |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
GO Markets | City Index |
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 | |
GO Markets vs |
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