Saxo Bank is better than City Index.
Trying to decide between Saxo Bank and City Index? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.
| Overall Rating | Saxo Bank | City Index | Plus500 |
|---|---|---|---|
| Overall Rating | 9.5 / 10 | 8.7 / 10 | 8.2 / 10 |
| Account Type | Saxo Bank | City Index | Plus500 |
|---|---|---|---|
| Standard Account | Yes | Yes | Yes |
| Mini Account | Yes | Yes | Yes |
| Micro Account | Yes | Yes | Yes |
| Islamic Account | No | No | No |
| Copy Trading | Saxo Bank | City Index | Plus500 |
|---|---|---|---|
| Social Trading / Copy Trading | Yes | Yes | No |
| DupliTrade | No | No | No |
| ZuluTrade | No | No | No |
| Cryptocurrency | Saxo Bank | City Index | Plus500 |
|---|---|---|---|
| Cryptocurrency (Physical) | No | No | No |
| Crypto Trading | No | No | No |
| Bitcoin | Yes | Yes | Yes |
| ethereum | Yes | Yes | Yes |
| Forex Trading | Saxo Bank | City Index | Plus500 |
|---|---|---|---|
| Forex Trading | No | No | No |
| Trading - Forex or CFDs | Yes | Yes | Yes |
| Indices (Index CFDs) | Saxo Bank | City Index | Plus500 |
|---|---|---|---|
| DAX | Yes | Yes | Yes |
| Dow Jones | Yes | Yes | Yes |
| FTSE | Yes | Yes | Yes |
| NASDAQ 100 | Yes | Yes | Yes |
| Nikkei | Yes | Yes | Yes |
| SP 500 | Yes | Yes | Yes |
| Investments | Saxo Bank | City Index | Plus500 |
|---|---|---|---|
| Forex Trading | No | No | No |
| Trading - Forex or CFDs | Yes | Yes | Yes |
| Spread Betting | No | Yes | No |
| Social Trading / Copy Trading | Yes | Yes | No |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agriculturals | Yes | Yes | No |
| ETF | Yes | Yes | Yes |
| U.S. Stocks (CFD) | Yes | Yes | Yes |
| Trading Platforms | Saxo Bank | City Index | Plus500 |
|---|---|---|---|
| Android App | No | No | No |
| Apple iOS App | Yes | Yes | Yes |
| Proprietary Platform | Yes | Yes | Yes |
| Desktop Platform (Windows) | No | No | No |
| Web Platform | No | No | No |
| MetaTrader 4 (MT4) | Yes | Yes | No |
| MetaTrader 5 (MT5) | No | No | No |
| Regulatory Licenses | Saxo Bank | City Index | Plus500 |
|---|---|---|---|
| Tier-1 Licenses | 6 | 3 | 4 |
| ASIC Authorised (Australia) | Yes | Yes | Yes |
| IIROC Authorised (Canada) | No | No | No |
| FCA Authorised (U.K.) | Yes | Yes | Yes |
| SFC Authorised (Hong Kong) | Yes | No | No |
| MAS Authorised (Singapore) | Yes | Yes | Yes |
| FINMA Authorised (Switzerland) | Yes | No | No |
| CFTC Registered (USA) | No | No | No |
| Tier-2 Licenses | 1 | 1 | 3 |
| Tier-3 Licenses | 0 | 0 | 0 |
| Research, Education | Saxo Bank | City Index | Plus500 |
|---|---|---|---|
| Trading Central (Recognia) | No | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes | No |
| Daily Market Commentary | Yes | Yes | Yes |
| Autochartist | Yes | No | No |
| Investor Dictionary (Glossary) | Yes | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes | No |
| Trading Costs | Saxo Bank | City Index | Plus500 |
|---|---|---|---|
| Minimum Deposit | $2,000 | £100.00 | €100 |
| Average Spread EUR/USD - Standard | 0.8 (August 2020) | 1.1 (August 2021) | 0.6 (as of Aug 2018) |
| All-in Cost EUR/USD - Active | 0.6 (August 2020) | 1.1 (August 2021) | -1 |
| Active Trader or VIP Discounts | Yes | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes | Yes |
| Trading Tools | Saxo Bank | City Index | Plus500 |
|---|---|---|---|
| Watchlists - Total Fields | 62 | 20 | 9 |
| Mobile Watchlist | Yes | Yes | Yes |
| Charting - Indicators / Studies (Total) | 62 | 139 | 110 |
| Mobile Charting - Indicators / Studies (INTL) | 62 | 88 | 110 |
| Trust Factors | Saxo Bank | City Index | Plus500 |
|---|---|---|---|
| Year Founded | 1992 | 1983 | 2008 |
| Publicly Traded (Listed) | No | Yes | Yes |
| Bank | Yes | No | No |
| Authorised in European Union | Yes | Yes | Yes |
| Trust Score | 99 | 99 | 99 |
