Saxo Bank vs City Index

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

Saxo vs City Index Comparison Table 2025
Saxo City Index
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4
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4.4
Saxo is ranked #65 among CFD brokers. City Index is ranked #18 among CFD brokers.
Review
Review
Saxo Markets is a renowned trading brokerage, investment firm, and regulated bank. Featuring over 72,000 trading instruments, alongside investment products and managed portfolios, it provides abundant opportunities for clients. This reputable brand ensures transparent pricing and is protected by top-tier regulations from more than ten agencies, including FINMA, FCA, and ASIC. 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.
66% of retail accounts lose money. 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
  • Advanced proprietary trading platforms featuring extensive charting options and sophisticated analysis tools.
  • Elite research centre offering specialised market analysis and exclusive forecasts, including 'Outrageous Predictions'.
  • Outstanding educational materials are available, such as podcasts, webinars, and expert-led videos.
  • Access to advanced external analysis tools, such as TradingView and Updata, is available.
  • The ISA account offers easy access and flexibility, as it incurs neither entry nor exit fees.
  • A well-regulated and reputable firm located in Switzerland.
  • Reduced fees with advanced account levels.
  • 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.
Cons
  • Trading accounts require substantial financial investment.
  • A subscription is necessary to access Level 2 pricing.
  • Clients from certain regions, such as the US and Belgium, are not accepted.
  • 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.
Awards
  • Best CFD Provider 2024 - ADVFN International Financial Awards
  • Best Trading Platform 2022 - Online Money Awards
FCA Regulated
Yes Yes
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs CFDs, Forex, Stocks, Indices, Commodities, Crypto, Futures, Options, Bonds, Interest Rates,ETFs,Spread Betting
Demo Account
Yes Yes
Minimum Deposit
£500 $0
Payment Methods
Minimum Trade
Vary by asset 0.01 Lots
Regulator
DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB FCA, ASIC, CySEC, MAS
Mobile Apps
SaxoTraderGo (iOS, Android, Windows) 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.
iOS App Rating
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4.6
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3.8
Android App Rating
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4.6
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3.1
Margin Trading
No No
Margin Rate
2.5%
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
No No
eSignal
No No
Trading Central
No Yes
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes SMART Signals
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
£12
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
  • USD
  • EUR
  • GBP
  • AUD
  • PLN
  • CZK
Commodities
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Copper
  • Corn
  • Gold
  • Oil
  • Silver
  • Copper
  • Livestock
  • Platinum
  • Natural Gas
  • Soybeans
  • Nickel
  • Iron
  • Orange Juice
  • Cannabis
  • Palladium
  • Coffee
  • Cotton
  • Lean Hogs
  • Sugar
  • Wheat
CFD
Trade over 8,900 CFDs, including forex, stocks, indices, commodities, options, and bonds. Utilise advanced tools and signals to enhance your trading experience. 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.
Leverage
1:30 1:30
FTSE Spread
1.2 pts (Variable) 1.0
GBPUSD Spread<
0.7 (var) 1.1
Oil Spread
0.03 1.5
Stocks Spread
0.10% (subject to min commission) Variable
Forex
Access top-tier liquidity across an extensive selection of 189 currency pairs and spot metals, as well as 130 forwards, with spreads starting as low as 0.4 pips. 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.
Assets
40+ 84
GBPUSD Spread
0.7 (varies by region) 1.1
EURUSD Spread
0.2 (varies by region) 0.8
EURGBP Spread
0.6 (varies by region) 1.0
Currency Indices
  • USD
Saxo City Index
Review
Review
66% of retail accounts lose money. 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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