City Index
CMC Markets
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Overview
City Index was founded in 1983 and is headquartered in UK, while CMC Markets was established in 1989 and is based in UK. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. City Index serves 14,000+ clients worldwide; CMC Markets has 10,000+. The minimum deposit is $25 at City Index and $200 at CMC Markets.
| Feature | City Index | CMC Markets |
|---|---|---|
| Min. Deposit | $25 | $200 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Financial Conduct Authority (FCA) |
| Founded | 1983 | 1989 |
| Country | UK | UK |
| Clients | 14,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between City Index and CMC Markets, directly affecting your bottom line as a trader. CMC Markets has a lower barrier to entry with a minimum deposit of $200 (vs $25 at City Index). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. City Index charges deposit fees; CMC Markets does not. Overall, City Index scores higher on fees in our assessment.
| Feature | City Index | CMC Markets |
|---|---|---|
| Min. Deposit | $25 | $200 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
City Index offers MT4, MT5, cTrader, while CMC Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. City Index supports social and copy trading features, which CMC Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | City Index | CMC Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | Web Trader, Binary, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how City Index and CMC Markets compare. CMC Markets runs regular live webinars; City Index does not. CMC Markets has a video library; City Index does not. CMC Markets publishes daily market commentary; City Index does not. CMC Markets integrates third-party research tools (Trading Central, Autochartist); City Index does not. CMC Markets maintains an archive of past webinars for on-demand viewing. CMC Markets scores higher overall in education and research.
| Feature | City Index | CMC Markets |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. City Index accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while CMC Markets supports 2 (bank transfer, credit/debit card). City Index uniquely supports PayPal among the two brokers. City Index scores higher on deposit and withdrawal flexibility.
| Feature | City Index | CMC Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| 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 City Index and CMC Markets offer live chat support. Both provide phone support. Email support is available at both brokers. City Index supports 6 languages and CMC Markets supports 8, giving CMC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | City Index | CMC Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, German, Arabic, Polish, and Chinese | English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian |