City Index vs BlackBull: Which One Is Best?

2. Better Trading Platform – BlackBull Markets

Trading platforms serve as an entry point to the worldwide financial markets. City Index and BlackBull Markets both provide a variety of platforms to meet different trading needs.

MetaTrader 4 and MetaTrader 5

BlackBull Markets offers both MetaTrader 4 and 5, while City Index only offers MetaTrader 4. This gives BlackBull Markets an edge in catering to both forex and CFD traders.

cTrader and TradingView

BlackBull Markets offer both cTrader or TradingView platforms in contrast to City Index having just cTrader feature. The former apparently lives up to having better trading features which include: Enhanced charting analysis tool, allows traders for a seamless streamlined API integration and quick order execution. City Index, on the other hand, has guaranteed stop loss feature which gives traders added security and eliminates the risk of slippage.

Social Trading And Copy Trading

BlackBull Markets and City Index offer social and copy trading options, but the aforementioned provides a wider array of social trading features, creating more learning and growth opportunities for traders.

Verdict

BlackBull Markets takes the centerstage with having better trading platforms.

BlackBull Markets ReviewVisit BlackBull Markets

3. Superior Accounts And Features – BlackBull Markets

Traders need to consider the types of accounts and base currencies before they start trading. Both City Index and BlackBull Markets offer various account options to suit different trading needs.

Trading Accounts

City Index offers three types of accounts. While BlackBull Markets offer three account types:

• Standard.
• Prime.
• Institutional.

BlackBull Markets comes with ECN accounts, which features raw spreads and high leverage, ideal for experienced traders seeking an edge in fast-moving markets. These account options in BlackBull Markets provides traders with more flexibility

Base Currencies

City Index offers 14 base currencies, while BlackBull Markets offers 10, giving City Index an advantage in catering to a more diverse clientele.

Verdict

BlackBull Markets comes out on top for having superior accounts and features.

BlackBull Markets ReviewVisit BlackBull Markets

4. Best Trading Experience And Ease – City Index

City Index’s platforms, particularly the web trader, are designed with the user in mind, making it a top pick for those new to the markets. The AT Pro platform stands out by offering advanced charting and custom indicators which are invaluable for strategy development.

• The web trader provided by City Index is designed in a user-friendly manner.
• BlackBull’s MetaTrader platforms are highly powerful tools for experienced traders.
• The mobile app of City Index is a powerful means that enables trading on the go.
• The customisation options and advanced tools available in BlackBull’s MT4/5 platform are impressive.

With these features on hand, City Index gives a top-notch trading experience with their user-friendly platforms, advanced features, and a comprehensive mobile app, catering to traders of all levels of experience.

BlackBull Markets offers a superior trading environment with its ECN model, providing unmatched speed and price transparency. The absence of a dealing desk means trades are executed with minimal interference, which is an advantage during volatile market conditions.

VPS and Other Trading Tools

City Index provides VPS services, while BlackBull Markets offers a diverse range of trading tools, but does not offer VPS.

Verdict

City Index secures first place owing to their best trading experience and ease.

City Index ReviewVisit City Index

Your capital is at risk ‘69% of retail CFD accounts lose money with City Index’

5. Stronger Trust And Regulation – City Index

City Index has a trust score of 67, while BlackBull Markets has 50. Both of these brokers’ regulation, reputation and reviews determined their overall scores.

City Index Trust Score

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BlackBull Markets Trust Score

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Regulation

City Index is regulated by top-tier authorities such as the Financial Conduct Authority (FCA) in the United Kingdom, ASIC in Australia, and MAS in Singapore. The broker is known for adhering to strict regulations and being overseen closely, promoting trust.

BlackBull Markets is regulated by the New Zealand Financial Markets Authority (FMA). While the FMA is a reputable regulator, it does not have the same global recognition as some of the regulators overseeing City Index.

Reputation

City Index has been around since 1983 in London, U.K., which gives them more trust and regulation, in contrast to BlackBull Markets’ 2014 in Auckland; this gives them less, but on par in regard to having 26,000 tradable instruments, including stocks, commodities, forex, and CFDs. The company is regulated by the Financial Markets Authority (FMA) of New Zealand and FSA Seychelles.

City Index gets low monthly searches in Google at 12,100 hits, while BlackBull Markets are even lower at 8,100 hits.

Reviews

TrustPilot score for City Index is 4.3 out of 5.0 from 284 reviews, while it’s 4.1 from only 9 reviews for BlackBull Markets.

Verdict

City Index secures first place due to their stronger trust and regulation.

City Index ReviewVisit City Index

Your capital is at risk ‘69% of retail CFD accounts lose money with City Index’

6. Top Product Range And CFD Markets – City Index

We see that BlackBull Markets and City Index offer diverse instruments, but the latter takes the lead with its extensive products. They offer a comprehensive range of products, including forex and bonds, to cater to traders looking to diversify their portfolios.

Meanwhile, BlackBull Markets provides a solid selection, particularly in forex and commodities that has more than 26,000 financial products to choose from. FOREX.com, on the other hand, specialises in forex trading and offers an extensive range of 84 forex pairs, with a total of over 2,500 products.

Comparison Table:

Verdict

City Index has achieved success because of their top product range and CFD markets.

City Index ReviewVisit City Index

Your capital is at risk ‘69% of retail CFD accounts lose money with City Index’

7. Superior Educational Resources – City Index

“Education is key to success,” as they say, and for brokers this is definitely true. Traders can access a wide range of educational resources on both BlackBull Markets and  City Index’s platform. This gives traders extra help in developing their trading skills and knowledge. BlackBull Markets offers quality educational content such as webinars, seminars, and trading courses to help traders learn about the forex market and trading strategies. However, City Index provides more structured and comprehensive learning materials.

• The trading academy offered by City Index is an all-inclusive resource that caters to all types of traders, regardless of their skill level.
• BlackBull Markets provides a valuable market analysis, which can be useful for strategic planning purposes.
• City Index provides a demo account that includes educational resources.
• The one-on-one support provided by BlackBull Markets is exceptional and stands out for its personalised approach to learning.

City Index’s educational resources are more extensive and structured, offering a superior learning experience that can benefit traders at all levels.

Verdict

City Index triumphs in this level of service owing to having superior educational resources.

City Index ReviewVisit City Index

Your capital is at risk ‘69% of retail CFD accounts lose money with City Index’

8. Superior Customer Service – City Index

City Index provides easily accessible support from knowledgeable professionals with multilingual and comprehensive support gives it an edge. BlackBull Markets, on the other hand, offers a personalised touch with their 24/6 customer support with live chat, email, and phone, ensuring clients have uninterrupted access to assistance.

Customer Service Features:

Verdict

City Index is victorious in regard to having superior customer service.

City Index ReviewVisit City Index

Your capital is at risk ‘69% of retail CFD accounts lose money with City Index’

9. Better Funding Options – City Index

City Index provides numerous deposit methods without any additional fees, which is a significant benefit for traders.

Meanwhile, BlackBull Markets offers a decent variety of funding options, including bank wire transfers, credit/debit cards, and e-wallets such as Skrill and Neteller. But take note: Some of them may involve additional fees.

Funding Options Comparison:

Verdict

City Index takes the lead due to their better funding options.

City Index ReviewVisit City Index

Your capital is at risk ‘69% of retail CFD accounts lose money with City Index’

10. Lower Minimum Deposit – A Tie

City Index and BlackBull Markets have a minimum deposit requirement of $0. However, it will depend on your location and payment method.

City Index

BlackBull Markets

Verdict

Both BlackBull Markets and City Index are tied to this category owing to both having lower minimum deposit.

So Is BlackBull Markets or City Index The Best Broker?

City Index takes the lead in some of the categories because it offers a more comprehensive package for traders, balancing fees, platform technology, and market range with robust educational resources and customer service. Fortunately for BlackBull Markets, their capacity to reach its zenith is apparent due to their trading platforms, educational resources, accounts, and funding options as well.

The table below summarises the key information leading to this verdict:

City Index: Best For Beginner Traders

City Index is better for beginner traders, offering a more user-friendly platform and extensive educational resources.

BlackBull Markets: Best For Experienced Traders

BlackBull Markets is better for experienced traders, providing superior accounts and features that cater to advanced trading strategies.