City Index
macquarie securities limited
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Overview
City Index was founded in 1983 and is headquartered in UK, while macquarie securities limited was established in 2019 and is based in United States. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. City Index serves 14,000+ clients worldwide; macquarie securities limited has 10,000+. The minimum deposit is $25 at City Index and $250 at macquarie securities limited.
| Feature | City Index | macquarie securities limited |
|---|---|---|
| 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-F274 |
| Founded | 1983 | 2019 |
| Country | UK | United States |
| Clients | 14,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between City Index and macquarie securities limited, 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 macquarie securities limited). Both brokers charge withdrawal fees. City Index applies inactivity fees on dormant accounts; macquarie securities limited does not. City Index charges deposit fees; macquarie securities limited does not. Overall, City Index scores higher on fees in our assessment.
| Feature | City Index | macquarie securities limited |
|---|---|---|
| Min. Deposit | $25 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
City Index offers MT4, MT5, cTrader, while macquarie securities limited supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | City Index | macquarie securities limited |
|---|---|---|
| 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 macquarie securities limited compare. macquarie securities limited runs regular live webinars; City Index does not. macquarie securities limited has a video library; City Index does not. macquarie securities limited publishes daily market commentary; City Index does not. macquarie securities limited integrates third-party research tools (Trading Central); City Index does not. macquarie securities limited maintains an archive of past webinars for on-demand viewing. macquarie securities limited scores higher overall in education and research.
| Feature | City Index | macquarie securities limited |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
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 macquarie securities limited supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). macquarie securities limited uniquely supports Skrill and Neteller among the two brokers. macquarie securities limited scores higher on deposit and withdrawal flexibility.
| Feature | City Index | macquarie securities limited |
|---|---|---|
| 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 macquarie securities limited offer live chat support. Both provide phone support. Email support is available at both brokers. City Index supports 6 languages and macquarie securities limited supports 8, giving macquarie securities limited broader global reach. Both brokers are comparable on support quality.
| Feature | City Index | macquarie securities limited |
|---|---|---|
| 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 |