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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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 Portugal

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 Portugal?

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

IG

IG.com/de

With over 40 years experience in the industry, IG are a leading provider of brokerage services. They pioneered online trading and are now at the forefront of the industry, with innovative products and an award winning trading platform. They have 14 offices around the world; the closest for Portuguese traders is located in Madrid. As they are regulated by one of the most trusted industry regulators, the UK’s Financial Conduct Authority, they are subject to high operational and organisational standards. Client money is kept independent of IG’s own business capital and deposited in banks across Europe, which ensures it would be returned to clients should the group become insolvent. This makes IG a reliable and robust choice for Portuguese traders.

Furthermore, IG offer their website and powerful trading platform in the Portuguese language. The platform can be used on desktops or mobile devices, and can be downloaded as an app, or simply accessed online through any standard browser. In addition to their own platform, IG also offer the MetaTrader 4 platform which is extremely popular amongst traders around the world. A base currency of Euros can be selected for use within the trader’s chosen platform, and Portuguese traders can set up a demo account with €20,000 of virtual currency.

Through CFDs, IG offer access to more than 15,000 markets, with spreads from as low as 0.4 points. Just some of the popular markets amongst Portugese traders include Germany 30, US 500, Brazil 60 and Spain 35.

Training tools such and market information are also available in Portuguese.

AvaTrade

www.avatradeportuguese.com

AvaTrade are an established broker, with over 10 years experience providing Forex trading services, CFDs, options and spread betting. They are regulated throughout the EU by the Central Bank of Ireland and are authorised in accordance with the regulations of the EEA Markets in Financial Instruments Directive. Portugal is just one of the European jurisdictions in which AvaTrade operate.

Video tutorials and other training tools and resources are all available in the Portuguese language from a dedicated website; and live support, telephone support and email support are also available for traders in Portuguese. The platform is available in Euros, and a demo account can also be set up with Euros as the base currency.

Traders can open a live account with as little as €100 and can choose from a selection of platforms, including AvaTrade’s own AvaTradeAct. MetaTrader 4 is also available, and the trading platforms can be accessed on mobile devices as well as desktop computers.

Clients can benefit from up to 400:1 leverage on products, allowing them to increase their exposure to a market. A range of payment options are available for deposits and withdrawals including the Ava Debit Card which is provided by AvaTrade.

XTB

www.xtb.com/pt

XTB are a leading broker offering trading services on a wide range of markets, including CFDs, indices, Forex and commodities. With over 14 years of experience, and offices in more than 13 countries around the world, including a local office in Lisbon, they are an ideal choice for traders based in Portugal. Furthermore, XTB Limited is regulated by well-respected UK regulator, the Financial Conduct Authority (FCA) and the subsidiary company, X-Trade Brokers Dom Maklerski, SA, is registered with the Portuguese regulator, the Securities Market Commission (CMVM).

XTB offer access to more than 3000 markets, with leverage of up to 200:1 on a range of financial products, and spreads starting at just 0.3 pips. Traders have access to powerful technology including the MetaTrader 4 platform, and XTB’s web-based xStation. Platforms can be accessed from desktops and apps are available to download for mobile devices, including smartwatches.

With a dedicated Portuguese website, all information can be easily accessed and read by traders from Portugal, including their market analysis and education tools; and customer support is also available from the Portuguese office in Lisbon by telephone or email.

Traders can benefit from interest payments on capital as well as cashback offers. A basic account is available from XTB on an instant execution basis, and the pro account is available on a market execution basis offering variable spreads.

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