Plus500 Vs City Index

Plus500 and City Index in Detail

The Plus500 online trading platform gives traders from all over the world access to over 2,800 financial instruments, City Index include over 13,500 available instruments. There are over 26,000,000+ registered customers that have taken advantage of the Plus500 platform.

Plus500 are regulated by Financial Conduct Authority (Financial Conduct Authority (FCA)) (FRN 509909), Cyprus Securities and Exchange Commission (Cyprus Securities and Exchange Commission (CySEC)) (Licence No. 250/14), Australian Securities and Investments Commission (Australian Securities and Investments Commission (ASIC)) (AFSL #417727), Financial Markets Authority (Financial Markets Authority (FMA) in New Zealand) (FSP No. 486026), Financial Sector Conduct Authority (Financial Sector Conduct Authority (FSCA) in South Africa) (Authorised Financial Services Provider #47546), Monetary Authority of Singapore (Monetary Authority of Singapore (MAS)) (Licence No. CMS100648-1), Licensed to operate a trading platform in Israel (Licensed to operate a trading platform in Israel) (N/A), Seychelles Financial Services Authority (Seychelles Financial Services Authority (FSA)) (Licence No. SD039), Estonian Financial Supervision and Resolution Authority (Estonian Financial Supervision and Resolution Authority) (Licence No. 4.1-1/18), Dubai Financial Services Authority (Dubai Financial Services Authority (DFSA)) (F005651), Financial Services Agency (Financial Services Agency (FSA) in Japan) (Licence No. 156), Commodity Futures Trading Regulatory Agency (Commodity Futures Trading Regulatory Agency (BAPPEBTI)) (Licence No. 587/BAPPEBTI/SI/XII/2004) .

City Index is a renowned UK financial trading brokerage established in 1983.

City Index serves customers globally and are regulated by FCA (Financial Conduct Authority) (446717), ASIC (Australian Securities and Investments Commission) (345646) City Index Australia Pty Ltd, MAS (Monetary Authority of Singapore) (200400922K), FMA (Financial Markets Authority, New Zealand) . Depending on the country you are trading from Plus500 may serve you from a different business entity to comply with its financial regulators.

City Index is not listed on any stock market, does not disclose its yearly report on its website. This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Financial regulation is the most important thing to consider. Plus500 is listed as a publically traded company so are a reputable broker.

City Index is a popular well known financial trading platform serving over 1,000,000 customers.

Benefits of Plus500 and City Index Compared

Below, we will give you a summary of the benefits Plus500 and City Index offer side by side.

Plus500 offers a minimum deposit of 100 while City Index have a 150 minimum deposit.

Why smaller trading deposits are good and how Plus500 and City Index compare

One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either Plus500 or City Index. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. Plus500 requires a minimum deposit of 100, whereas City Index mandates a minimum deposit of 150. One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds. It's advisable not to be deterred by a broker's higher minimum deposit, whether it's Plus500 or City Index, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.

Plus500 allows traders to trade up to 2,800 financial instruments (CFDS only) while City Index have around 13,500 on their trading platform.

The more instruments available on Plus500 and City Index trading platforms the more potential financial instruments you can buy or sell for your portfolio. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of Plus500 or City Index.

The Plus500 trading platform has 1,600 stocks listed (CFDS only) while City Index has 4,500 stocks listed.

Plus500 allows retail traders to trade the following assets CFDs on Shares, Indices, Forex, Commodities, ETFs. Options via Plus500CFD, Real shares available with Plus500Invest. Futures via the Plus500Futures platform. (Availability subject to region) on the Plus500 Web Trader, Mobile Apps, Apple App iOS, Available on iPhone, Android Google Play trading platforms.

Alternatively City Index allows retail traders to trade Forex, CFDs, Spread Betting on the City Index MT4, Mobile Apps, Apple App iOS, Android Google Play, Web Trader, TradingView trading platforms.

Compare Plus500 and City Index in more detail below.

Drawbacks of Plus500 and City Index Compared

Below we compare what drawbacks Plus500 and City Index have side by side.

Various potential downsides can be associated with certain brokers, including Plus500 and City Index. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by Plus500 compared to City Index. High trading fees and commissions must be factored into your profit loss of each live trade. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of Plus500 versus City Index.

Plus500 Vs City Index Available Financial Markets

The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with Plus500 or City Index. A diversified portfolio with Plus500 or City Index can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.

Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like Plus500 or City Index, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as Plus500 and City Index.

*Plus500 offers CFDs only, all the instruments are available for trading only through CFDs.

Plus500 Vs City Index Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both Plus500 and City Index, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both Plus500 and City Index offer some form of cryptocurrency trading.

Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.

Investing in cryptocurrencies with Plus500 or City Index is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with Plus500 or City Index could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on Plus500, City Index, and all brokers are subject to regulation.

We compare Plus500 vs City Index Crypto options below side by side.

Plus500 Vs City Index Commission and Fees

knowing your trading and commission fees with Plus500 vs City Index is extremely important. For the majority of the Plus500 2,800 financial instruments and City Index 13,500 available financial instruments .

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with Plus500 and City Index. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with Plus500 and City Index before you invest because you must know what you are paying.

You ideally want to choose a broker like Plus500 or City Index that does not charge too much for withdrawal fees. High trading fees and commissions must be taken into your profit loss calculations. The fees will be noticeable if you have a low budget and do not intend to invest so much with Plus500 or City Index. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.

Please note that Plus500 traders can make up to five withdrawals per month of money for free - with no Plus500 charges. If you decide to make more Plus500 withdrawals on the Plus500 trading platform than that, then they will need to pay $10 each.

Your location or residence will have an impact on your potential Plus500 and City Index fees, of course. Make sure you do your research and check the commission and fees with both Plus500 and City Index before you invest anything.

Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period. Also, with Plus500 or City Index be aware of or 3rd party payment provider fees and currency conversion fees.

Both Plus500 and City Index do charge inactivity fees.

Numerous notifications are usually sent to you as a reminder of dormant Plus500 and City Index accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your Plus500 or City Index account, or choose to close it.

Usually, the associated fees for dormant Plus500 or City Index accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live Plus500 or City Index trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like Plus500 or City Index you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay Plus500 or City Index nothing for this. If this is the case, it can be a big problem. Constant deposit fees can potentially add up, so this will take some consideration before you sign up.

Let's see how Plus500 vs City Index compare side by side for commissions and fees.

Plus500 Vs City Index Trading Platforms

We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the Plus500 and City Index platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.

Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an Plus500 or City Index demo account.

Plus500 Vs City Index Mobile Trading

Trading on your mobile with Plus500 and City Index can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and Plus500 and City Index mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with Plus500 or City Index. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with Plus500 or City Index can help limit your risk and trade on the move.

If you own an iPhone, having an IOS Apple mobile trading app with Plus500 or City Index is essential. Likewise, if you have an android phone, it's crucial to verify if Plus500 or City Index broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if Plus500 and City Index have trading apps compatible with your device.

Plus500 Vs City Index Trading Account Types Offered

Plus500 Vs City Index Demo Account

A demo account with Plus500 or City Index is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an Plus500 and City Index demo account.

Plus500 Vs City Index Micro Account

Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.

If you need a micro account check if Plus500 or City Index offer micro trading accounts in your region.

Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.

Plus500 does not offer clients Micro accounts, while City Index does offer clients Micro accounts.

Plus500 Vs City Index Standard Account

A standard account is available on Plus500 and City Index to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.

Both Plus500 and City Index do offer clients Standard accounts.

Plus500 Vs City Index MAM Account

A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with Plus500 or City Index or alternative.

Plus500 and City Index do not offer clients MAM accounts.

Plus500 Vs City Index ECN Account

The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.

ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.

If you need a ECN account check they are available with Plus500 or City Index or alternative.

Plus500 does not offer clients ECN accounts, while City Index does offer clients ECN accounts.

Plus500 Vs City Index STP Account

Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.

If you need a STP account check they are available with Plus500 or City Index or alternative.

Plus500 does not offer clients STP accounts, while City Index does offer clients STP accounts.

Plus500 Vs City Index Managed Account

A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.

While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.

Plus500 does not offer clients Managed accounts, while City Index does offer clients Managed accounts.

Plus500 Vs City Index Withdrawal and Funding Methods

Plus500 and City Index have multiple deposit and withdrawal options. Funding and withdrawing from your Plus500 and City Index accounts to your chosen payment method should be straightforward. Lets see how Plus500 and City Index compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from Plus500 or City Index.

Plus500 Vs City Index Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of Plus500 or City Index support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the Plus500 and City Index support is always available when needed. Plus500 and City Index customer support is not just useful. broker customer support is crucial to your trading success!

Plus500 Vs City Index Live Chat

Live chat is important for several reasons. When you encounter a problem with Plus500 or City Index trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.

Both Plus500 and City Index offer livechat support.

Plus500 Vs City Index Email Support

When trading with either Plus500 or City Index you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the Plus500 or City Index support team to answer satisfactorily. Email support with Plus500 and City Index will be needed.

Both Plus500 and City Index offer email support.

Plus500 Vs City Index Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either Plus500 or City Index. We can get straight to the point, saving us time and frustration.

Plus500 do not offer phone support. On the other hand City Index do offer phone support.

Lets see how Plus500 and City Index customer support compare side by side.

Plus500 Vs City Index Regulation and Licensing

Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether Plus500 and City Index are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that Plus500 or City Index have these in place, please be extremely cautious before you proceed with them.

We compare Plus500 Vs City Index financial regulation and licensing side by side below.

Plus500 Vs City Index Education Resources Compared

We compare Plus500 and City Index educational resources below.

Plus500 Vs City Index Risk Management Features

When trading with either Plus500 or City Index you will want to understand and make full use of all the risk management features on your Plus500 or City Index trading platforms.

We compare side by side the trading risk management features offered by Plus500 and City Index below.

Plus500 Vs City Index Hedging

What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification. Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.

Plus500 does not offer clients hedging, while City Index does offer clients hedging.

Plus500 Vs City Index Stop Loss

Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.

Both Plus500 and City Index do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on Plus500 or City Index. You must still monitor any live trades and your financial exposure and financial risk.

Plus500 Vs City Index Limit Orders

Every broker should allow users to place a limit order. Limit orders are when you have the order to buy a financial instrument at a specific price. Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.

Both Plus500 and City Index do offer clients limit orders.

Plus500 Vs City Index Negative Balance Protection

Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.

Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade. Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.

Both Plus500 and City Index do offer clients negative balance protection. 'negative balance' protection is a regulatory requirement with which Plus500 complies.

Plus500 Vs City Index Verdict

We hope this Plus500 Vs City Index guide has helped you decide who is best to trade with out of Plus500 and City Index.

When choosing a broker like Plus500 or City Index for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with Plus500 or City Index are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as Plus500 or City Index, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with Plus500 or City Index.

Also, before you sign up with online brokers like Plus500 or City Index, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with Plus500 or City Index before investing money into something.

Beware of the risks that come with trading with Plus500 or City Index. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all Plus500 and City Index educational resources and financial research tools. If you are new to trading, sign up for a demo account with Plus500 and City Index to find which suits you and your trading style.

Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using Plus500 or City Index will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if Plus500 and City Index fees match your trading requirements.

Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with Plus500 or City Index if your investment strategy is more long-term.

Plus500 and City Index Alternatives

If Plus500 and City Index are not what you are not quite what you are looking for we list some of the best Plus500 and City Index alternatives below.

Other Plus500 and City Index Vs Comparisons

If you are still looking for an alternative to Plus500 and City Index and want to see how Plus500 or City Index compares Vs other brokers check out the Plus500 Vs and City Index Vs list below.

Plus500 Vs Alternatives

Still not happy have a look at some of our alternative Plus500 Vs side by side comparisons below

• Plus500 vs IC Markets
• Plus500 vs Roboforex
• Plus500 vs eToro
• Plus500 vs XTB
• Plus500 vs XM
• Plus500 vs Pepperstone
• Plus500 vs AvaTrade
• Plus500 vs FP Markets
• Plus500 vs easyMarkets
• Plus500 vs SpreadEx

City Index Vs Alternatives

Still not happy have a look at some of our alternative Plus500 Vs side by side comparisons below

• City Index vs IC Markets
• City Index vs Roboforex
• City Index vs eToro
• City Index vs XTB
• City Index vs XM
• City Index vs Pepperstone
• City Index vs AvaTrade
• City Index vs FP Markets
• City Index vs easyMarkets
• City Index vs SpreadEx

Plus500 Vs City Index Frequently Asked Questions

We answer some of the most frequently asked Plus500 Vs City Index questions below.

Is Plus500 any Good?

Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is Plus500 legit? - Plus500 are regulated by Financial Conduct Authority (Financial Conduct Authority (FCA)) (FRN 509909), Cyprus Securities and Exchange Commission (Cyprus Securities and Exchange Commission (CySEC)) (Licence No. 250/14), Australian Securities and Investments Commission (Australian Securities and Investments Commission (ASIC)) (AFSL #417727), Financial Markets Authority (Financial Markets Authority (FMA) in New Zealand) (FSP No. 486026), Financial Sector Conduct Authority (Financial Sector Conduct Authority (FSCA) in South Africa) (Authorised Financial Services Provider #47546), Monetary Authority of Singapore (Monetary Authority of Singapore (MAS)) (Licence No. CMS100648-1), Licensed to operate a trading platform in Israel (Licensed to operate a trading platform in Israel) (N/A), Seychelles Financial Services Authority (Seychelles Financial Services Authority (FSA)) (Licence No. SD039), Estonian Financial Supervision and Resolution Authority (Estonian Financial Supervision and Resolution Authority) (Licence No. 4.1-1/18), Dubai Financial Services Authority (Dubai Financial Services Authority (DFSA)) (F005651), Financial Services Agency (Financial Services Agency (FSA) in Japan) (Licence No. 156), Commodity Futures Trading Regulatory Agency (Commodity Futures Trading Regulatory Agency (BAPPEBTI)) (Licence No. 587/BAPPEBTI/SI/XII/2004) and have been in business since 2008

Is City Index any Good?

City Index are regulated by FCA (Financial Conduct Authority) (446717), ASIC (Australian Securities and Investments Commission) (345646) City Index Australia Pty Ltd, MAS (Monetary Authority of Singapore) (200400922K), FMA (Financial Markets Authority, New Zealand) and have been in business since 1983.

Which is better Plus500 or City Index?

Plus500 has a good rating, while City Index has a good rating.

Is Plus500 a con?

Plus500 is regulated by Financial Conduct Authority (Financial Conduct Authority (FCA)) (FRN 509909), Cyprus Securities and Exchange Commission (Cyprus Securities and Exchange Commission (CySEC)) (Licence No. 250/14), Australian Securities and Investments Commission (Australian Securities and Investments Commission (ASIC)) (AFSL #417727), Financial Markets Authority (Financial Markets Authority (FMA) in New Zealand) (FSP No. 486026), Financial Sector Conduct Authority (Financial Sector Conduct Authority (FSCA) in South Africa) (Authorised Financial Services Provider #47546), Monetary Authority of Singapore (Monetary Authority of Singapore (MAS)) (Licence No. CMS100648-1), Licensed to operate a trading platform in Israel (Licensed to operate a trading platform in Israel) (N/A), Seychelles Financial Services Authority (Seychelles Financial Services Authority (FSA)) (Licence No. SD039), Estonian Financial Supervision and Resolution Authority (Estonian Financial Supervision and Resolution Authority) (Licence No. 4.1-1/18), Dubai Financial Services Authority (Dubai Financial Services Authority (DFSA)) (F005651), Financial Services Agency (Financial Services Agency (FSA) in Japan) (Licence No. 156), Commodity Futures Trading Regulatory Agency (Commodity Futures Trading Regulatory Agency (BAPPEBTI)) (Licence No. 587/BAPPEBTI/SI/XII/2004) and have been in business since 2008. Plus500 is most definitely not a con as they are regulated by major financial regulators.

Is City Index a con?

City Index is regulated by FCA (Financial Conduct Authority) (446717), ASIC (Australian Securities and Investments Commission) (345646) City Index Australia Pty Ltd, MAS (Monetary Authority of Singapore) (200400922K), FMA (Financial Markets Authority, New Zealand) and have been in business since 1983. We recommend looking at a City Index alternative that has more financial regulation.

What happens if Plus500 or City Index go bust?

Plus500 and City Index are regulated, which means that as part of their regulatory obligations Plus500 and City Index have to offer a certain level of financial protection to their clients. Plus500 and City Index should by law keep client funds separate from Plus500 and City Index funds. If either Plus500 or City Index goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the Plus500 and City Index websites and regulators.

Are Plus500 or City Index good for beginners?

Plus500 is unsuitable for beginners unless you trade with a Plus500 demo account. The Plus500 platform is suitable for experienced traders only. Though Plus500 is a user-friendly platform, CFDs are “complex financial products”. Thus the platform is not suitable for beginners/inexperienced traders. CFDs are complex financial instruments that carry risk and are only suitable for more experienced traders.

Plus500 and City Index offer low deposits and access to a selection of market insights and news resources. Both Plus500 and City Index offer demo accounts. Demo trading accounts are a big plus for Plus500 and City Index as it shows they are interested in their customers.