freetrade vs City Index, 2024 Update
Read our In-Depth freetrade vs City Index Review - 2024 Update
This freetrade vs City Index review has been refreshed to reflect any changes for 2024 by knowledgeable insiders boasting years of financial experience across Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of freetrade vs City Index does not apply to all countries as follows:
freetrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, United States of America, and Afghanistan.
City Index Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs City Index
All trading platforms feature a few ups and downs, and any comprehensive review of freetrade and City Index should not be complete without embracing an objective perspective.
Assess City Index and freetrade to understand the way they stack up to one another prior to you decide to open an account. A comparative analysis can bring aspects into perspective in order that you are cognizant of what to expect.
So you are looking for an online trading platform and are choosing between freetrade or City Index. Who should you choose?
This freetrade vs City Index comparison contains the most recent information so you can easily compare City Index against freetrade.
If you are a new entrant in the world of trading and brokerages, so many facts will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You'll acquire adept at all of the concepts of broker as you keep trading. For starters, you need to select the ideal broker who'll be clear with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. freetrade and City Index are two such stages that will take you and your investment into great heights. It's important to compare freetrade vs City Index before you trust them with your cash.
Our freetrade vs City Index comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and City Index side by side.
Our entire freetrade vs City Index Review covers everything you need to know about trading with either freetrade or City Index. A good agent can multiply your initial investments and provide you positive profits. If you would like to earn profits, you should trade with a broker service that aligns with your investing goals.
There is no sure-fire way to ensure profits; thus, you must carefully assess your agent before you select them. It's a common misconception that all brokers are exactly the same, but that is not true. Wrong judgment, initially, can set your investments at risk.
freetrade and City Index are both brokers that have paved their way successfully to the broker world. Within this review, we've tried to collate some of the important facets of both freetrade and City Index. This review will help you to understand whether either City Index or freetrade is a fantastic match for your investments or not. We have attempted to breakdown all the qualities and charges for your convenience.
Benefits of freetrade and City Index Compared
freetrade offers a minimum deposit of $0 while City Index has a $25 minimum deposit.
Why smaller minimum deposits are good and how freetrade 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.
freetrade allows you to trade around 115 financial instruments while City Index has around 115 financial instruments on their platform.
The more instruments you can trade on the freetrade 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 never want to miss out on a trading opportunity due to the limitations of freetrade or City Index.
freetrade and City Index Contact Details
Being able to contact your broker easily is vital. freetrade and City Index have the following contact details and social medias that you can use.
|+44 203 488 2539
|+44 20 7107 7020
|68 Hanbury St, London, Greater London E1 5JL, GB
|Devon House, 58 St Katharine's Way, St Katharine's & Wapping, London, Greater London E1W 1JP
|freetrade Twitter Account
|City Index Twitter Account
|freetrade Facebook Page
|City Index Facebook Page
|freetrade Instagram Account
|City Index Instagram Account
|freetrade LinkedIn Page
|City Index LinkedIn Page
|freetrade YouTube Channel
|City Index YouTube Channel
|Find Out More
City Index and freetrade Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of freetrade and City Index we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as Better than the 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. 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?
freetrade vs City Index - Awards
freetrade have won numerous industry awards over the years they have been operating as an online trading platform. We detail the most notable awards for freetrade 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
freetrade vs City Index - Frequently Asked Questions
freetrade vs City Index - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its headquaters in United Kingdom.
City Index was founded in 1983 and has its head office in UK.
What is the minimum deposit for City Index or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for City Index is $25.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both freetrade and City Index are a good choice.
freetrade vs City Index - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
City Index is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS).
Both freetrade and City Index have a powerful collection of rules for ensuring honest trading onto their own platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their own privacy regulations, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare freetrade vs City Index Commission And Fees
freetrade and City Index are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled much better. That is, an online broker isn't necessarily influenced by the amount of customers they have.
However, this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily three different types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In such instances, you are spending a spread, financing speed, or a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread denotes the gap between the buying and selling price. Financing or overnight rates are people who are billed when you maintain a leveraged position for more than a day.
Apart from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake in your accounts. They are charged for surgeries like depositing cash, not investing for long periods, or withdrawals.
Generally, neither freetrade or City Index charge high fees in comparison to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for those who regularly trade, for example weekly or daily trading.
However, non-trading fees charged by freetrade and City Index are relatively competitive. As a result, you're billed more for non-trading actions on your trading account, such as deposits and withdrawal. These are not about the purchase and sale of assets.
This freetrade vs City Index review for 2024 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For freetrade And City Index
What Languages Do freetrade And City Index Support?
Being able to communicate easily with your trading broker is a key way of comparing online brokers to find the best broker. Not only for support but to ensure you completely understand everything on their website and inside their application as it is a key factor to success when trading online.
Here you will find all the languages that both freetrade and City Index support.
How Many Clients Do freetrade and City Index Have?
Both freetrade and City Index are well established with their customer base. It is important to work with an online broker that is professional and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many customers freetrade and City Index are active on their platform
What Payment Methods Do freetrade and City Index Accept?
freetrade 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 freetrade and City Index
What Can You Trade With freetrade and City Index?
freetrade offers 115 trading instruments whilst City Index offers 12,500.
Below you will find a full breakdown of what both freetrade and City Index offer.
freetrade vs City Index:
Table Of Contents
- Compare freetrade vs City Index
- Benefits of freetrade and City Index Compared
- City Index and freetrade Mobile App Comparison
- freetrade vs City Index - Awards
- freetrade vs City Index - Frequently Asked Questions
- What is the minimum deposit for City Index or freetrade
- freetrade vs City Index - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And City Index
- What Languages Do freetrade And City Index Support?
- How Many Clients Do freetrade and City Index Have?
- What Payment Methods Do freetrade and City Index Accept?
- What Can You Trade With freetrade and City Index?