Spread Co vs City Index

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

Spread Co vs City Index Comparison Table 2024

Spread Co	City Index
Not Rated	4.4
Spread Co is ranked #91 among CFD brokers.	City Index is ranked #18 among CFD brokers.
Review	Review
Spread Co offers spread betting and CFDs with competitive trading conditions.	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
	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
FCA Regulated
Yes	Yes
Instruments
Spread betting, CFDs, forex, indices, shares, commodities, ETFs, ADRs	CFDs, Forex, Stocks, Options, Commodities, Bonds
Demo Account
Yes	Yes
Minimum Deposit
£200	$0
Payment Methods
Credit Cards Mastercard Skrill Visa Wire Transfer	Credit Cards Debit Card Mastercard PayNow PayPal Visa Wire Transfer
Minimum Trade
£0.10	0.01 Lots
Regulator
FCA	ASIC, FCA, MAS
Mobile Apps
Yes	Yes
iOS App Rating
	3.8
Android App Rating
	2.8
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
No	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	Yes
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	Yes
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
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
	£12
Islamic Account
No	No
Account Currencies
	USD EUR GBP AUD CZK
Commodities
Gold Silver	Gold Oil Silver Copper Livestock Platinum Natural Gas Soybeans Nickel Iron Orange Juice Cannabis
CFD
Trade with leveraged CFDs on popular financial markets.	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
1:20	1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction.
FTSE Spread
1.0	1 pt
GBPUSD Spread<
1.0	0.8 pips
Oil Spread
4.0	0.4
Stocks Spread
Variable	Variable
Forex
Spread Co offers trading on a long list of online currencies with competitive spreads.	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
38	84
GBPUSD Spread
1.0	0.8
EURUSD Spread
0.8	0.5
EURGBP Spread
1.0	0.8
Currency Indices
	USD
Spread Co	City Index
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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