Circle Markets
City Index
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Overview
Circle Markets was founded in 2007 and is headquartered in New Zealand, while City Index was established in 1983 and is based in UK. Circle Markets holds licences including Financial Industry Regulatory Authority (FINRA), while City Index is regulated by Financial Conduct Authority (FCA) among others. Circle Markets serves 10,000+ clients worldwide; City Index has 14,000+. The minimum deposit is $100 at Circle Markets and $25 at City Index.
| Feature | Circle Markets | City Index |
|---|---|---|
| Min. Deposit | $100 | $25 |
| Regulation | Financial Industry Regulatory Authority (FINRA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) |
| Founded | 2007 | 1983 |
| Country | New Zealand | UK |
| Clients | 10,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between Circle Markets and City Index, directly affecting your bottom line as a trader. Circle Markets has a lower barrier to entry with a minimum deposit of $100 (vs $25 at City Index). Both brokers charge withdrawal fees. City Index applies inactivity fees on dormant accounts; Circle Markets does not. Circle Markets charges deposit fees; City Index does not. Overall, City Index scores higher on fees in our assessment.
| Feature | Circle Markets | City Index |
|---|---|---|
| Min. Deposit | $100 | $25 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Circle Markets offers MT4, MT5, cTrader, while City Index supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. City Index supports social and copy trading features, which Circle Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | Circle Markets | City Index |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Circle Markets and City Index compare. Circle Markets runs regular live webinars; City Index does not. Circle Markets has a video library; City Index does not. Circle Markets publishes daily market commentary; City Index does not. Circle Markets integrates third-party research tools (Trading Central); City Index does not. Circle Markets maintains an archive of past webinars for on-demand viewing. Circle Markets scores higher overall in education and research.
| Feature | Circle Markets | City Index |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Circle Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while City Index supports 3 (bank transfer, credit/debit card, PayPal). City Index uniquely supports PayPal among the two brokers. City Index scores higher on deposit and withdrawal flexibility.
| Feature | Circle Markets | City Index |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Circle Markets and City Index offer live chat support. Both provide phone support. Email support is available at both brokers. Circle Markets supports 2 languages and City Index supports 6, giving City Index broader global reach. Both brokers are comparable on support quality.
| Feature | Circle Markets | City Index |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, German, Arabic, Polish, and Chinese |