ThinkMarkets vs City Index, Updated for 2023
Read our In-Depth ThinkMarkets vs City Index Review - for 2023
Our review comparing ThinkMarkets and City Index has been updated for 2023 from knowledgeable insiders with extensive expertise across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of ThinkMarkets vs City Index does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
City Index Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare ThinkMarkets vs City Index
All trading platforms has some advantages and disadvantages, so any comprehensive review of ThinkMarkets and City Index cannnot be regarded as thorough without adopting an objective perspective.
Examine ThinkMarkets and City Index to understand how they stack up to one another prior to you decide to make an account. A comparative analysis will place factors in perspective to ensure that you are aware of the expectations.
So you are looking for a reputable broker and are choosing between ThinkMarkets or City Index. Who should you choose?
Our ThinkMarkets vs City Index comparison contains the latest information so you can easily compare City Index against ThinkMarkets.
If you are a new entrant in the world of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You'll get adept at all of the concepts of brokerage as you continue trading. For starters, you have to choose the right agent who will be transparent with you always.
In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program has the potential to create hefty returns. ThinkMarkets and City Index are two such companies that will take you along with your investment to great heights. It's crucial to compare ThinkMarkets vs City Index before you trust them with your cash.
Our ThinkMarkets vs City Index comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and City Index side by side.
Our entire ThinkMarkets vs City Index Review covers all you will need to know about trading using either ThinkMarkets or City Index. A good broker can multiply your first investments and provide you positive profits. If you would like to earn profits, you must trade with a brokerage service that contrasts with your investing objectives.
There's absolutely no sure-fire method to ensure profits; therefore, you must carefully assess your agent before you choose them. It's a common misconception that all agents will be the same, but that's not true. Wrong judgment, in the beginning, can set your investments in danger.
ThinkMarkets and City Index are both brokers that have found their way successfully to the broker world. Within this review, we've attempted to collate some of the important aspects of both ThinkMarkets and City Index. This review will help you to understand whether either City Index or ThinkMarkets is a good match for your own investments or not. We have tried to breakdown all of the qualities and charges for your advantage.
Benefits of ThinkMarkets and City Index Compared
ThinkMarkets has a minimum deposit of $0 while City Index offers a $25 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets 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.
ThinkMarkets has around 3500 financial instruments whilst City Index allows you to trade around 3500 available.
The more financial instruments you can trade on the ThinkMarkets 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 ThinkMarkets or City Index.
ThinkMarkets and City Index Contact Details
Being able to contact an online trading platform easily is important. ThinkMarkets and City Index have the following contact details and social medias that you can use.
|Telephone Number||Australia: +61 3 9093 3400 <br>UK: +44 203 514 2374 <br>Italy: +39 023 057 9033 <br>Spain: +34 911829975||+44 20 7107 7020|
|Address||Level 18, 357 Collins St, Melbourne, Victoria 3000, Australia <br /><br/>Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE, United Kingdom||Devon House, 58 St Katharine's Way, St Katharine's & Wapping, London, Greater London E1W 1JP|
|ThinkMarkets Twitter Account||City Index Twitter Account|
|ThinkMarkets Facebook Page||City Index Facebook Page|
|ThinkMarkets Instagram Account||City Index Instagram Account|
|ThinkMarkets LinkedIn Page||City Index LinkedIn Page|
|YouTube||ThinkMarkets YouTube Channel||City Index YouTube Channel|
|Find Out More||
City Index and ThinkMarkets 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 ThinkMarkets 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 average.
It is important that any trading app has user friendly capabilities especially with the
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
ThinkMarkets vs City Index - Awards
ThinkMarkets have won several industry awards over the years they have been running as an online trading platform. We list the most recognised awards for ThinkMarkets here.
|At the time of writing this City Index review, and despite City Index’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
ThinkMarkets vs City Index - Frequently Asked Questions
ThinkMarkets vs City Index - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its headquaters in Australia & United Kingdom.
City Index was founded in 1983 and has its head office in UK.
What is the minimum deposit for City Index or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
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 ThinkMarkets and City Index are a good choice.
ThinkMarkets vs City Index - Regulation And Licencing In More Detail
ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles .
City Index is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS).
Both ThinkMarkets and City Index have a strong set of rules for ensuring honest trading on their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy policies, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare ThinkMarkets vs City Index Commission And Fees
ThinkMarkets 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 businesses of online brokerages are scaled much better. That is, an internet broker isn't necessarily influenced by the number of clients they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 different types of fees for this purpose.
The first kind of fees to keep an eye out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're billed trading fees. In such instances, you're spending a spread, financing rate, or a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are people that are charged when you maintain a leveraged position for more than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They're charged for operations like depositing money, not trading for long periods, or withdrawals.
Generally, neither ThinkMarkets or City Index charge high fees in comparison to other online agents. For operations other brokers charge for, they either do not charge a brokerage 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 ThinkMarkets and City Index are relatively competitive. As a result, you are billed more for non-trading activities on your trading account, like withdrawal and deposits. These aren't related to the purchase and sale of assets.
This ThinkMarkets vs City Index review for 2023 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For ThinkMarkets And City Index
What Languages Do ThinkMarkets And City Index Support?
Being able to chat easily with your trading platform is a key element when comparing online brokers to find the best trading partner. Not only for support but to ensure you understand everything on their website and inside their application as it is a key part of success when trading forex.
Below you will find all the languages that both ThinkMarkets and City Index offer communication in.
How Many Clients Do ThinkMarkets and City Index Have?
Both ThinkMarkets and City Index are well established with their client base. It is really important to work with a broker that is reputable and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many customers ThinkMarkets and City Index are active on their platform
|Clients / Users||475,000+||14,000+|
|Find Out More||
What Payment Methods Do ThinkMarkets and City Index Accept?
ThinkMarkets 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 ThinkMarkets and City Index
What Can You Trade With ThinkMarkets and City Index?
ThinkMarkets offers 3500 trading instruments whilst City Index offers 12,500.
Below you will find a full breakdown of what both ThinkMarkets and City Index offer.
ThinkMarkets vs City Index:
Table Of Contents
- Compare ThinkMarkets vs City Index
- Benefits of ThinkMarkets and City Index Compared
- City Index and ThinkMarkets Mobile App Comparison
- ThinkMarkets vs City Index - Awards
- ThinkMarkets vs City Index - Frequently Asked Questions
- What is the minimum deposit for City Index or ThinkMarkets
- ThinkMarkets vs City Index - Regulation And Licencing In More Detail
- Compare Broker Fees For ThinkMarkets And City Index
- What Languages Do ThinkMarkets And City Index Support?
- How Many Clients Do ThinkMarkets and City Index Have?
- What Payment Methods Do ThinkMarkets and City Index Accept?
- What Can You Trade With ThinkMarkets and City Index?