City Index vs Trading 212 2024

City Index is publicly traded, does not operate a bank, and is authorised by seven Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Rier-3 regulator (Average Risk), and one Tier-4 regulator (High Risk). City Index is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS), Canadian Investment Regulatory Organization (CIRO), Japanese Financial Services Authority (JFSA), Commodity Futures Trading Commission (CFTC), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system.

Trading 212 is not publicly traded and does not operate a bank. Trading 212 is authorized by two Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Average Trust), zero Tier-3 regulators (Low Trust), and zero Tier-4 regulators (High-Risk). Trading 212 is authorised by the following Tier-1 regulators: the Financial Conduct Authority (FCA) and regulated in the European Union via the MiFID passporting system.

Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.

Best known for its mobile trading app, Trading 212 offers an easy-to-use trading platform suite for CFD and share trading, as well as a large variety of forex pairs. However, despite its well-designed platform and wide range of symbols, its lack of advanced trading tools and flat research offerings hamper Trading 212’s bid to be considered a top broker.

To open a trading account with City Index, you'll need to make an initial minimum deposit of £100.00.

Trading 212 requires a minimum deposit of €10 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Both City Index and Trading 212 offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw) and PayPal (Deposit/Withdraw). Neither have Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that City Index offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that City Index holds 7 global Tier-1 licenses, while Trading 212 holds 2. City Index holds 1 global Tier-2 licenses, while Trading 212 holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that City Index (99) earned a higher Trust Score than Trading 212 (79).

To compare the trading platforms of both City Index and Trading 212, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, City Index offers a better experience. With research, City Index offers superior market research. Finally, we found City Index to provide better mobile trading apps.

Here’s what trading platforms are available at City Index:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - No
• ZuluTrade - No
• TradingView - Yes

Here’s what trading platforms are available at Trading 212:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - No
• MT5 - No
• ZuluTrade - No
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. City Index offers MetaTrader 4 (MT4), while Trading 212 does not. Forex traders also appreciate the ability to engage in social copy trading. While City Index offers copy trading, Trading 212 does not.

Trading 212 provides traders 146 currency pairs (e.g., EUR/USD) compared to City Index's 84 available pairs. If you are interested in trading CFDs, City Index offers traders access to 13500 CFDs, while Trading 212 offers access to 8025 CFDs; so City Index offers 5475 more CFDs than Trading 212.

We found in our testing that City Index offers a more diverse selection of investment options than Trading 212, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative), Social Trading / Copy Trading and Spread Betting. Neither have Cryptocurrency (Physical).