Company

Spread

for EUR/USD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

City Index

Offers three ways to trade: Forex, CFDs, Spread Betting

 Offers over 12,000 instruments
City Index
See Details Try a Demo
Your capital is at risk
£25Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Standard
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  • Variable

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  • Bank transfer
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Trust Score:

A

Used by:

140,000

Established in:

1983

Regulated by:

Financial Conduct Authority, A...

CFDs are leveraged products and can result in the loss of your capital. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Ireland

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose City Index
For Ireland?

City Index scored best in our review of the top brokers for ireland, which takes into account 120+ factors across eight categories. Here are some areas where City Index scored highly in:

  • 34+ years in business
  • Offers 12500+ instruments
  • A range of platform inc. MT4, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.5 pips
  • Used by 140,000+ traders
  • Allows hedging
  • 3 languages
  • Leverage up to 1:200

City Index offers three ways to trade: Forex, CFDs, Spread Betting. If you wanted to trade EURUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

City Index have a A trust score, which is good. This is largely down to them being regulated by Financial Conduct Authority, ASiC and MAS, segregating client funds, being established for over 34 years, and much more. For comparison:

Trust Score comparsion

City Index
Trust Score A
Year Established 1983
Regulated by Financial Conduct Authority, ASiC and MAS
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who City Index is (& Isn’t)
Suitable For

As mentioned, City Index allows you to trade in three ways: Forex, CFDs, Spread Betting.

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with City Index, you'll need a minimum deposit of $100. City Index offers a range of different account types for different traders including a micro account, mini account, .

Finally, City Index isn't available in the following countries: CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW. They do not offer islamic accounts either.

Part 3

A Comparison of City Index vs. vs.


Want to see how City Index stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
City Index
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.5
GBP/USD Spread 2.1
USD/CAD Spread 2.0
USD/JPY Spread 1.6
DAX Spread 1.0
FTSE 100 Spread 1.0
S&P500 Spread 0.4

Comparison of account & trading features

City Index
Spread type Fixed
EUR/USD Spread 1983
EUR/GBP Spread Financial Conduct Authority, ASiC and MAS
Crude Oil Spread
Gold Spread Private Private Private
DAX Spread

Part 4

AvaTrade

www.avatrade.com

Established in 2006, AvaTrade has gained significant recognition in the the industry in its first 10 years. Extending its presence to more than 150 countries, the company have 11 offices worldwide, with the EU head office in Dublin, Ireland. The local office makes this a top choice for traders based in Ireland, in addition to their regulatory status. They are registered as a MiFID (Markets in Financial Instruments Directive) investment firm with the Central bank of Ireland and as such are subject to client money rules and other stringent regulatory standards.

AvaTrade’s trading platforms include MetaTrader 4 and AvaTrade’s own AvaTradeAct. All platforms are available for a variety of different devices. Extensive training resources are available, and a free demo account is available for clients to try for 21 days. A base currency of Euros can be selected when opening a demo or live account, which can be useful for traders in Ireland.

Over 250 financial instruments, including cryptocurrencies, commodities, indices and shares can be traded through the AvaTrade platforms, primarily through CFDs and Forex pairs. With a large customer base, dedicated account managers, and with such significant trade volumes passing through their systems regularly, it is easy to see why AvaTrade are a preferred choice for Irish traders.

Whilst online payments such as PayPal and Skrill are not yet available to customers the EU, there are many suitable deposit and withdrawals methods for clients, including bank transfer and debit/credit card transactions.

Plus500

www.plus500.ie

With its headquarters in Limassol, Cyprus, the Plus500 platform is offered by Plus500CY Ltd. They operate in Ireland under authorisation from the Cyprus Securities and Exchange Commission (CySEC), to offer thousands of products and markets via contracts for difference (CFD), along with related services. As such, the firm are required to comply with regulations such as the EU Capital Requirements Directive, ensuring they have sufficient capital and supervisory mechanisms in place to reduce the risk of insolvency. This, and other regulatory standards they adhere to, make them a robust and stable choice for Irish traders.

Plus500’s powerful trading platform is intuitive and easy to use. It can either be downloaded as an app for any type of device, or used online via a web browser. Live chat, video demonstrations and other documents are available to help traders learn more about how to get the most from the trading platform.

A free demo account is available for customers within Ireland, with so the service can be tried before clients start to trade with real money. The accounts can be set up with Euros as the base currency, and deposits and withdrawals can be made through PayPal/Skrill, Visa/Mastercard, and direct bank deposit.

A wide range of popular stocks, indices, commodities, cryptocurrencies and forex pairs are available, with some of the most popular amongst traders in Ireland including the UK100, Paddy Power Betfair, Tesla Motors, Ethereum, and sugar.

City Index

www.cityindex.co.uk

Founded in the UK in 1983, City Index has earned its reputation as one of the top brokers over the past 34 years in the trading industry. It offers one of the world’s largest trading platforms, giving clients access to more than 12,000 markets. The company is authorised and regulated under its parent company Gain Capital UK Ltd. by the UK’s Financial Conduct Authority (FCA), with permission for dealing in investments and carrying out related arrangements. They are regulated in 8 jurisdictions worldwide, but with the head office located in London, City Index are a fairly local choice for traders from Ireland.

City Index offers CFD (contracts for difference) and Forex trading in indices, shares, commodities, bonds, and many other financial instruments. With its vast customer base, the company has boasted over 1 million trades per month. The award-winning City Index platform offers high levels of control and flexibility to its customers. Clients can customise 16 charts and more than 80 indicators to perform a thorough financial analysis.

A remarkable feature of City Index is the plethora of educational resources available on their website, including information from the very basic to relatively advanced financial topics. A free demo account is also available for clients who wish to take their service for a test drive before opening an actual account. Both the website and the trading platform are offered in the English language, making them ideal for Irish traders.

With City Index, clients can fund their account through Visa/Mastercard or a bank transfer. Bank transfers and debit card payments are free, whilst a fee of 1.5% is levied on payments through a credit card.

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