Compare forex brokers RoboForex VS City Index

If you're choosing between RoboForex and City Index forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is RoboForex better than City Index? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

ROBOFOREX VS CITY INDEX

City Index
City Index Overview

Gain Capital’s City Index offers the trading of over 12000 assets across FX, CFDs and Spread Betting to its traders. The company launched way back in 1983 and is FCA regulated

RoboForex
RoboForex Overview

RoboForex Ltd is an online broker that offer low spreads, multiple trading instruments, multiple platforms and limited bonuses.

# Broker's Features ROBOFOREX Availability CITY INDEX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare RoboForex vs City Index.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. RoboForex offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency, while City Index offers Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, Futures, ETFs.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. RoboForex is Dealing Desk, DMA, ECN, Market Maker, No dealing d, while City Index is Dealing Desk, Market Maker, STP.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. RoboForex is regulated by IFSC, while City Index regulated by ASIC, FCA, FSA, IIROC, MAS, NFA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. RoboForex offers different account currencies for each account types, while City Index offers USD, EUR, GBP, JPY, CHF, AUD, NZD, ZAR account currencies.

Languages Available: Next lets have a look at each broker's different Language options. RoboForex offers English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, Ukrainian, while City Index offers English, Spanish, German, Arabic, Polish, Chinese Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. RoboForex offers Credit/Debit Cards, Bank Transfer, Payoneer ,Neteller different payment methods for each account types, while City Index offers Credit/Debit Cards, Bank Transfer, Payoneer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, RoboForex makes cTrader, MT4, MT5, Proprietary available to clients, while City Index offers MT4, WebTrader.

The Verdict: RoboForex or City Index?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, RoboForex is more reliable based on our criteria above. RoboForex has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. RoboForex offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. RoboForex has a wider range of languages in which customer service is offered making the broker more accessible.

What We Don’t Like on City Index

City Index has quite high stock CFD fees. Its product portfolio is limited, providing only forex and CFDs. The desktop trading platform is not user-friendly.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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