City Index vs CMC Markets
By Akash · Facts re-checked (UTC)
Here is how City Index and CMC Markets compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| City Index | CMC Markets | |
|---|---|---|
| Regulators | FCA | FCA |
| Minimum deposit | £100 minimum initial deposit for MT4 / new cards (UK) | No minimum deposit to open an account |
| Spreads from | 0.5 pts on MT4; 0.8 pts on standard platform (UK) | 0.7 points on forex (Next Generation, UK) |
| Commission | None on MT4 except shares | – |
| Max leverage | – | 30:1 for retail traders (CMC Markets UK plc) |
| Platforms | City Index Web Trader (TradingView charts), MetaTrader 4, TradingView | Next Generation, MetaTrader 4, TradingView |
| Retail accounts losing money | 68% | 68% |
Full reviews: City Index review · CMC Markets review
Frequently asked questions
What is the minimum deposit at City Index and CMC Markets?
City Index: £100 minimum initial deposit for MT4 / new cards (UK). CMC Markets: No minimum deposit to open an account.
Are City Index and CMC Markets regulated?
City Index: FCA. CMC Markets: FCA.
Which has tighter spreads, City Index or CMC Markets?
Published spreads start from 0.5 pts on MT4; 0.8 pts on standard platform (UK) at City Index and 0.7 points on forex (Next Generation, UK) at CMC Markets; commission: City Index None on MT4 except shares, CMC Markets none listed.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read more