Go Markets vs City Index, Updated for 2024
Go Markets Rating
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City Index Rating
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Losses can exceed deposits |
74% of retail investor accounts lose money when trading CFDs with this provider |
Go Markets vs City Index Guide |
Read our In-Depth Go Markets vs City Index Review - for 2024
This comprehensive analysis of Go Markets and City Index has been updated for 2024 by seasoned professionals with years of expertise in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of Go Markets vs City Index does not apply to all countries as follows:
Go Markets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
City Index Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Go Markets vs City Index
Each online trading platforms feature some pros and cons, so any comprehensive Go Markets and City Index review should not be regarded as thorough without embracing a balanced approach.
Compare Go Markets and City Index to get a better understanding of just how these platforms stack up with one another prior to you make an account. Performing a comprehensive comparison helps to bring aspects into perspective to ensure that you remain cognizant of what you should anticipate.
So you are looking for an online trading platform and are choosing between Go Markets or City Index. Who should you choose?
This Go Markets vs City Index comparison contains the latest information so you can easily compare City Index against Go Markets.
If you are a new entrant in the realm of trading and brokerages, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You'll get proficient at all of the concepts of broker since you keep trading. For starters, you have to select the ideal agent who'll be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. Go Markets and City Index are two such stages which will take you and your investment into great heights. It's important that you compare Go Markets vs City Index before you trust them with your cash.
Our Go Markets vs City Index comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Go Markets and City Index side by side.
Our entire Go Markets vs City Index Review covers all you will need to know about trading with either Go Markets or City Index. A good agent can multiply your first investments and provide you favorable profits. If you want to make profits, you must trade with a broker service that contrasts with your investing objectives.
There is no sure-fire way to ensure profits; therefore, you must carefully analyze your agent before you select them. It's a frequent misconception that all agents are exactly the same, but that's not true. Wrong judgment, in the beginning, can put your investments in danger.
Go Markets and City Index are both brokers which have paved their way successfully into the brokerage world. Within this review, we have tried to collate some of the vital facets of both Go Markets and City Index. This review can help you to understand whether either City Index or Go Markets is a good fit for your own investments or not. We've attempted to breakdown all the qualities and charges for your convenience.
Benefits of Go Markets and City Index Compared
Go Markets offers a minimum deposit of $1 while City Index has a $25 minimum deposit.
Why smaller minimum deposits are good and how Go Markets and City Index compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Go Markets has around 100 financial instruments while City Index has around 100 available.
The more financial instruments you can trade on the Go Markets and City Index platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of Go Markets or City Index.
Go Markets and City Index Contact Details
Being able to contact your broker easily is important. Go Markets and City Index have the following contact details and social medias that you can use.
Broker | Go Markets | City Index |
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Telephone Number | +44 20 7107 7020 | |
support@cityindex.co.uk | ||
Address | Devon House, 58 St Katharine's Way, St Katharine's & Wapping, London, Greater London E1W 1JP | |
Go Markets Twitter Account | City Index Twitter Account | |
Go Markets Facebook Page | City Index Facebook Page | |
Go Markets Instagram Account | City Index Instagram Account | |
Go Markets LinkedIn Page | City Index LinkedIn Page | |
YouTube | Go Markets YouTube Channel | City Index YouTube Channel |
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City Index and Go Markets Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of Go Markets and City Index we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
Go Markets vs City Index - Awards
Go Markets vs City Index - Frequently Asked Questions
Go Markets vs City Index - Headquarters And Year Of Founding
Go Markets was founded in 2009 and has its headquaters in Australia.
City Index was founded in 1983 and has its headquaters in UK.
What is the minimum deposit for City Index or Go Markets
The minimum deposit for Go Markets is $1.
The minimum deposit for City Index is $25.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Go Markets and City Index are a good option.
Go Markets vs City Index - Regulation And Licencing In More Detail
Go Markets is regulated by Australian Securities and Investment Commission (ASIC).
City Index is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS).
Both Go Markets and City Index have a strong collection of rules for ensuring honest trading onto their individual platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy regulations, client information is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare Go Markets vs City Index Commission And Fees
Go Markets and City Index are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled much better. In other words, an internet broker is not necessarily affected by the amount of clients they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are primarily 3 types of penalties for this purpose.
The first sort of charges to look out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you are billed trading charges. In such cases, you are spending a spread, financing speed, or a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are people that are billed when you maintain a leveraged position for more than a day.
Aside from trading charges, online brokers also bill non-trading fees. These are determined by the actions you undertake in your account. They're charged for operations like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither Go Markets or City Index charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for people who regularly trade, such as weekly or daily trading.
But, non-trading fees charged by Go Markets and City Index are comparatively higher. Consequently, you're charged more for non-trading actions on your trading account, like deposits and withdrawal. These are not about the sale and purchase of resources.
This Go Markets vs City Index review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For Go Markets And City Index
What Languages Do Go Markets And City Index Support?
Being able to chat completely with your trading broker is a key way of comparing trading platforms to find the best broker. Not only for support but to be sure you understand everything on their website and inside their app as it is a key factor to success when trading online.
Here you will find the languages that both Go Markets and City Index offer communication in.
How Many Clients Do Go Markets and City Index Have?
Both Go Markets and City Index are well known and trusted. It is important to work with a broker that is reputable and one of the easiest ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many customers Go Markets and City Index are working with
Broker | Go Markets | City Index |
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Clients / Users | 10,000+ | 14,000+ |
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What Payment Methods Do Go Markets and City Index Accept?
Go Markets and City Index both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Go Markets and City Index
What Can You Trade With Go Markets and City Index?
Go Markets offers 100 trading instruments whilst City Index offers 12,500.
Below you will find a full breakdown of what both Go Markets and City Index offer.
Go Markets Review
Go Markets vs City Index:
Table Of Contents
- Compare Go Markets vs City Index
- Benefits of Go Markets and City Index Compared
- City Index and Go Markets Mobile App Comparison
- Go Markets vs City Index - Awards
- Go Markets vs City Index - Frequently Asked Questions
- What is the minimum deposit for City Index or Go Markets
- Go Markets vs City Index - Regulation And Licencing In More Detail
- Compare Broker Fees For Go Markets And City Index
- What Languages Do Go Markets And City Index Support?
- How Many Clients Do Go Markets and City Index Have?
- What Payment Methods Do Go Markets and City Index Accept?
- What Can You Trade With Go Markets and City Index?