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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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 Saudi Arabia

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 Saudi Arabia?

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

City Index

www.cityindex.ae

Founded in the UK in 1983, City Index were one of the very first brokers to venture into retail trading. They provide their customers with a platform for trading in CFDs (contracts for difference), FX, indices, commodities, metals, and exotics. City Index have won multiple awards for their range of trading services, innovative products, and powerful technology, cementing their position as a global leader in CFD and forex trading.

City Index are regulated by the UK’s Financial Conduct Authority (FCA) and work in accordance with strict FCA guidelines and client money rules. They are also part of a small select group of Western Brokers to be licensed by Central Bank of UAE.

The brokerage firm have a dedicated City Index brand for the Middle Eastern region, which incorporates cutting edge FX solutions, and ensures that the clients in Saudi Arabia benefit from the same great products as other City Index customers around the world. These FX solutions include excellent features such as an improved website, upgraded Advantage Trader platform with an enhanced MT4 offering, and more FX pairs. The brokerage firm opened its new representative office in Dubai in 2014, dedicated to serving the needs of its Middle Eastern clientele. The company offers a wide range of intuitive trading tools and services across multiple platforms in Arabic. The features of these tools include auto trading, customisation, price tolerance and comprehensive charting packages.

Plus500

www.plus500.ae

Plus500 are one of the top providers of CFDs in the Middle East, offering facilities to trade Forex, shares, ETFs (exchange traded funds), commodities, options and indices using their innovative trading technology. The Plus500 trading platform in the Middle East is provided by Plus500UK Ltd, based in London, in the UK. The company is rapidly growing and offers a portfolio of more than 2000 instruments.

Plus500 is authorised by the well-respected regulatory body, the UK’s Financial Conduct Authority, with permission to deal in CFDs for various underlying assets. Plus500 hold client funds on a segregated basis as per the FCA’s client money rules. Plus500 Ltd. is listed on the AIM section of the London Stock Exchange.

The company offer leverage of up to 1:300 with tight spreads, fast and reliable trade execution, and without commission. Their trading tools are built on advanced technologies that provide features like stop limit / stop loss / trailing stop, free notifications and negative balance protection on multiple platforms. The company’s popularity is further boosted by its sponsorship of Club Atletico de Madrid, who were 2016 Champions League finalists and 2013-2014 “La Liga” champions. The company supports clients from Saudi Arabia through an online chat channel, available 24/7.

The Plus500 website and customer support are available in the Arabic language.

Avatrade

www.avatrade.sa.com

AvaTrade are an online forex and CFD broker headquartered in Dublin. Through their multiple, easy to use digital platforms, the company offer facilities to trade in numerous markets such as commodities, stocks, indices, equities, ETFs, cryptocurrencies, and bonds. They are a regulated and reliable broker, with more than 10 years in the industry and a global presence in 150 countries. AvaTrade have been recognised for their innovative brokerage services and have received numerous awards.

AvaTrade EU Ltd., the entity responsible for conducting business in the Middle East, is regulated by the Central Bank of Ireland, with permission to provide trading services for a range of financial instruments in many jurisdictions around the world. By ensuring high standards regarding the safety of client funds, AvaTrade offer traders peace of mind with regards to their deposited funds.

AvaTrade provide their clients with trading solutions to fit their needs and requirements. A range of powerful trading platforms are available, such as AvaTradeAct, MetaTrader 4 and various automated trading solutions. AvaTrade strongly focus on empowering traders by offering a Forex and CFD trading experience that caters to their level of ability. A dedicated website and customer support are available in the Arabic language for clients from Saudi Arabia.

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