Company

Spread

for EUR/USD

Min.

Deposit

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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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  • Fixed
  • Variable

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Contact Details
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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 Norway

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 Norway?

City Index scored best in our review of the top brokers for norway, 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

Plus500

www.plus500.no

Plus500 operate in Norway under the subsidiary, Plus500CY Ltd, which is regulated by one of Europe’s most trusted regulators, the Cyprus Securities and Exchange Commission (CySEC). The organisation are licensed to provide investment services and ancillary services for a wide range of financial instruments, including derivative contracts relating to commodities, indices, interest rates, currencies, and securities, amongst others. The company are publicly listed in the AIM section of the LSE.

Plus500 have a dedicated Norwegian language website, which is well organised and offers an introduction to the company and the products and services on offer. A live or demo account can be set up through the website, and this allows instant access to the online trading platform. The platform is accessible and easy to navigate, allowing users to quickly find the instrument they wish to trade, and to short or buy the instrument. Advanced features include the ability to close a position once it reaches a particular value, and price alerts can be set up for instruments that a trader is keen on following.

The CFD trading platform can be set up with Norwegian Krone as the base currency, and it can be accessed online from any device with an internet connection or downloaded as an app. Clients can switch easily between the free demo account and the live account, and traders can set up challenges within the demo account where they can compete against friends and colleagues.

Some of the top CFDs for Norwegian traders include the Norway 25 index, Brent Oil, Apple, Litecoin and Olje. Deposits can be made by bank transfer, credit/debit card, or Paypal/Skrill.

AvaTrade

www.avatrade.com

AvaTrade are one of the top brokers for traders from Norway for a number of reasons. They are one of the largest brokerage firms in the EU offering financial instruments such as forex and CFDs. Their services are offered in Norway under the AVA Trade EU Ltd. entity, which is regulated by the Central Bank of Ireland and compliant with the European Union’s Markets in Financial Instruments Directive (MiFID). The regulations set the conduct standards that firms are expected to adhere to, and cover the requirements for the transparency of trades, amongst other things. Their regulatory status ensures clients are offered security and fair treatment when engaging with AvaTrade.

AvaTrade’s automated trading platforms are expansive, allowing access to numerous different markets including stocks, cryptocurrencies and commodities including gold, silver, sugar and cotton. There are also multiple indices available to traders, including all of the major European indices. Traders can choose between AvaTrade’s own platforms, and the MetaTrader 4 platform, all of which are available for mobile devices. Within their selected platform, clients can open and close positions, view and analyse charts, save their own custom layout, view account information and much more. The balance and other features are updated in real time and the dealing window displays prices.

For deposits and withdrawals, AvaTrade offer their own debit card, or clients can simply use bank transfers and their own debit/credit card to deposit and withdraw funds. Norwegian customer support is also available via Live Chat, email or telephone.

IG

www.ig.com/no

IG Markets Limited are a regulated broker offering trading services under the trading name IG. They are authorised and regulated by the UK’s Financial Conduct Authority (FCA), and licensed to provide services in Norway under the EEA’s passport arrangements. With more than 40 years in the industry, they are one of the most experienced brokers and with over 152,000 active clients as at 2016, they are also amongst the most popular.

A Norwegian language website is available allowing traders from Norway to get comprehensive information about the products, services and trading platforms provided by IG. The latest news and analysis are also available from the website.

Traders have access to more than 15,000 different markets through contracts for difference (CFDs), such as indices, stocks and shares, commodities, options, bonds and much more. Just some of the top instruments traded by Norwegian clients include the Norway 25 index, Sweden 30, and Germany 30. Popular Forex pairs within Norway include EUR/NOK and EUR/USD.

The trading platform can be tried out by opening a demo account, and 100,000 virtual Norwegian Krone will be available to trade with. The base currency of a live account can also be selected as Norwegian Krone, and Norwegian language customer support and webinars are also available.

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