City Index
global prime
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Overview
City Index was founded in 1983 and is headquartered in UK, while global prime was established in 2018 and is based in United Kingdom. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. City Index serves 14,000+ clients worldwide; global prime has 10,000+. The minimum deposit is $25 at City Index and $250 at global prime.
| Feature | City Index | global prime |
|---|---|---|
| Min. Deposit | $25 | $250 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F249 |
| Founded | 1983 | 2018 |
| Country | UK | United Kingdom |
| Clients | 14,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between City Index and global prime, directly affecting your bottom line as a trader. City Index has a lower barrier to entry with a minimum deposit of $25 (vs $250 at global prime). Both brokers charge withdrawal fees. City Index applies inactivity fees on dormant accounts; global prime does not. City Index charges deposit fees; global prime does not. Overall, City Index scores higher on fees in our assessment.
| Feature | City Index | global prime |
|---|---|---|
| Min. Deposit | $25 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
City Index offers MT4, MT5, cTrader, while global prime supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. City Index supports social and copy trading features, which global prime does not offer. The two brokers are closely matched on platform offering.
| Feature | City Index | global prime |
|---|---|---|
| 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 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, 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 global prime compare. global prime has a video library; City Index does not. global prime integrates third-party research tools (Autochartist); City Index does not. global prime scores higher overall in education and research.
| Feature | City Index | global prime |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 global prime supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). global prime uniquely supports Skrill and Neteller among the two brokers. global prime scores higher on deposit and withdrawal flexibility.
| Feature | City Index | global prime |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
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 global prime offer live chat support. Both provide phone support. Email support is available at both brokers. City Index supports 6 languages and global prime supports 8, giving global prime broader global reach. Both brokers are comparable on support quality.
| Feature | City Index | global prime |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, German, Arabic, Polish, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |