City Index vs Saxo
By Akash · Facts re-checked (UTC)
Here is how City Index and Saxo compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| City Index | Saxo | |
|---|---|---|
| Regulators | FCA | Danish FSA, FCA |
| Minimum deposit | £100 minimum initial deposit for MT4 / new cards (UK) | No minimum deposit (individual account) |
| Spreads from | 0.5 pts on MT4; 0.8 pts on standard platform (UK) | 1 pip EUR/USD minimum (global page; varies by country) |
| Commission | None on MT4 except shares | USD 3 fixed commission on FX trades under 50,000 units |
| Platforms | City Index Web Trader (TradingView charts), MetaTrader 4, TradingView | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, TradingView |
| Retail accounts losing money | 68% | 66% |
Full reviews: City Index review · Saxo review
Frequently asked questions
What is the minimum deposit at City Index and Saxo?
City Index: £100 minimum initial deposit for MT4 / new cards (UK). Saxo: No minimum deposit (individual account).
Are City Index and Saxo regulated?
City Index: FCA. Saxo: Danish FSA, FCA.
Which has tighter spreads, City Index or Saxo?
Published spreads start from 0.5 pts on MT4; 0.8 pts on standard platform (UK) at City Index and 1 pip EUR/USD minimum (global page; varies by country) at Saxo; commission: City Index None on MT4 except shares, Saxo USD 3 fixed commission on FX trades under 50,000 units.
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