Plus500 vs City Index Forex Broker Comparison For Australia

Plus500 and City Index are both market makers so the spreads should be similar. Let’s see if this is the case along with other key features such as leverage, risk tools, customer services and Accounts to decide which is the broker is best for each category.

View our Plus500 vs City Index comparison.

By Justin Grossbard / Updated: Tuesday, February 18th, 2020

Plus500 vs City Index

Broker Reviewed

Plus500
City Index

Regulations and Licenses

Feature
Plus500
City Index
ASIC (Australia)
FCA (UK)
MAS (Singapore)
CFTC (U.S.A)
FSCA (South Africa)
Pending
FINMA (Switzerland)
CYSEC (Cypus)
IIROC (Canada)
FMA (New Zealand)

Brokerage

Feature
Plus500
City Index
No Commission Account Spreads From (EUR/USD):
0.6
Commission Account Spreads From (EUR/USD):
Commission (per 100k traded side trip)
Minimum Deposit
$0
$10
Volume Commission Rebates
Has Islamic Account
No Inactivity Fees
$0.0
Funding Methods
3
No Deposit/Withdrawal Fees
AUD $3.50

Markets and Instruments

Feature
Plus500
City Index
Forex Currency Pairs CFDs
60+
Cryptocurrency CFDs
14+
4
Index CFDs
67+
Share CFDs
1816+
5
Commodities CFD
17+
4
Stockbroking
Retail Maximum Leverage
30:1
Professional Maximum Leverage
300:1
500:1

Trading Platforms + Tools

Feature
Plus500
City Index
MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
No
cTrader
Yes
Proprietary Platform
No
Automatic / Robot Trading
Social + Copy Trading
Yes
Standard Stop Loss
Guaranteed Stop Loss Order
Guaranteed Negative Balance Protection
Demo Account
Unique Feature 1
Trade cannabis index and share CFDs
Unique Feature 2
Guaranteed stop loss trading option
Fast Execution Speed

Overall

Plus500
City Index

Account Features Comparison

 Plus500City Index
ASIC Regulation
No Commissions
Fixed or Variable Spreads?FixedFixed and Variable
Currency Pairs6184
LotsStandard, Micro, MiniStandard, Micro, Mini
Minimum DepositsNo MinimumNo Minimum
Hedging
Expert Advisors
Leverage300:10.20% (500:1) CFD Platform
200:1 MT4 Platform
Social Copying

At the account level, both accounts are relatively similar, the main difference of note is that City Index do allow hedging which Plus500 doesn’t. Hedging is a useful risk management tool as it allows you to protect your position with currency movements.

Plus500 Account Details

Plus500 Account

City Index Account Details

Plus500 vs City Index - Accounts of City Index

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