Saxo Capital Markets Vs City Index

Saxo Capital Markets and City Index in Detail

The Saxo Capital Markets online trading platform gives traders from all over the world access to over 71,000 financial instruments, City Index include over 13,500 available instruments. There are over 1,200,000+ registered customers that have taken advantage of the Saxo Capital Markets platform.

Saxo Capital Markets are regulated by Financial Conduct Authority (FCA) (551422), FSA (Danish Financial Supervisory Authority) (1149), Australian Securities and Investments Commission (ASIC) (126373), Monetary Authority of Singapore (MAS) (DU231), Financial Services Agency of Japan (FSA Japan) (8010401052447), Swiss Financial Market Supervisory Authority (FINMA) (55037), Dubai Financial Services Authority (DFSA) (F003311), Hong Kong Securities and Futures Commission (SFC) (AYZ045), Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) (170025), South African Financial Sector Conduct Authority (FSCA) (43906) .

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 Saxo Capital Markets 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. Saxo Capital Markets 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 Saxo Capital Markets and City Index Compared

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

Saxo Capital Markets offers a minimum deposit of 0 while City Index have a 150 minimum deposit.

Why smaller trading deposits are good and how Saxo Capital Markets 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 Saxo Capital Markets or City Index. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. Saxo Capital Markets requires a minimum deposit of 0, 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 Saxo Capital Markets 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.

Saxo Capital Markets allows traders to trade up to 71,000 financial instruments while City Index have around 13,500 on their trading platform.

The more instruments available on Saxo Capital Markets 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 Saxo Capital Markets or City Index.

The Saxo Capital Markets trading platform has 19,000 stocks listed while City Index has 4,500 stocks listed.

Saxo Capital Markets allows retail traders to trade the following assets Forex, CFDs on the Saxo Capital Markets SaxoInvestor, Apple App iOS, Android Google Play, SaxoTraderGO, SaxoTraderPRO, Connectivity & APIs, Web Trader 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 Saxo Capital Markets and City Index in more detail below.

Drawbacks of Saxo Capital Markets and City Index Compared

Below we compare what drawbacks Saxo Capital Markets and City Index have side by side.

Various potential downsides can be associated with certain brokers, including Saxo Capital Markets 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 Saxo Capital Markets 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 Saxo Capital Markets versus City Index.

Saxo Capital Markets 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 Saxo Capital Markets or City Index. A diversified portfolio with Saxo Capital Markets 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 Saxo Capital Markets or City Index, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as Saxo Capital Markets and City Index.

Saxo Capital Markets Vs City Index Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both Saxo Capital Markets 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 Saxo Capital Markets 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 Saxo Capital Markets 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 Saxo Capital Markets 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 Saxo Capital Markets, City Index, and all brokers are subject to regulation.

We compare Saxo Capital Markets vs City Index Crypto options below side by side.

Saxo Capital Markets Vs City Index Commission and Fees

knowing your trading and commission fees with Saxo Capital Markets vs City Index is extremely important. For the majority of the Saxo Capital Markets 71,000 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 Saxo Capital Markets 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 Saxo Capital Markets and City Index before you invest because you must know what you are paying.

You ideally want to choose a broker like Saxo Capital Markets 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 Saxo Capital Markets 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.

Your location or residence will have an impact on your potential Saxo Capital Markets and City Index fees, of course. Make sure you do your research and check the commission and fees with both Saxo Capital Markets 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 Saxo Capital Markets or City Index be aware of or 3rd party payment provider fees and currency conversion fees.

Saxo Capital Markets does not charge inactivity fees, while City Index does charge inactivity fees.

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

Usually, the associated fees for dormant Saxo Capital Markets 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 Saxo Capital Markets or City Index trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like Saxo Capital Markets or City Index you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay Saxo Capital Markets 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 Saxo Capital Markets vs City Index compare side by side for commissions and fees.

Saxo Capital Markets 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 Saxo Capital Markets 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 Saxo Capital Markets or City Index demo account.

Saxo Capital Markets Vs City Index Mobile Trading

Trading on your mobile with Saxo Capital Markets 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 Saxo Capital Markets and City Index mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with Saxo Capital Markets 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 Saxo Capital Markets 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 Saxo Capital Markets or City Index is essential. Likewise, if you have an android phone, it's crucial to verify if Saxo Capital Markets or City Index broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if Saxo Capital Markets and City Index have trading apps compatible with your device.

Saxo Capital Markets Vs City Index Trading Account Types Offered

Saxo Capital Markets Vs City Index Demo Account

A demo account with Saxo Capital Markets 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 Saxo Capital Markets and City Index demo account.

Saxo Capital Markets 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 Saxo Capital Markets 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.

Saxo Capital Markets does not offer clients Micro accounts, while City Index does offer clients Micro accounts.

Saxo Capital Markets Vs City Index Standard Account

A standard account is available on Saxo Capital Markets 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 Saxo Capital Markets and City Index do offer clients Standard accounts.

Saxo Capital Markets 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 Saxo Capital Markets or City Index or alternative.

Saxo Capital Markets does offer clients MAM accounts, while City Index does not offer clients MAM accounts.

Saxo Capital Markets 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 Saxo Capital Markets or City Index or alternative.

Saxo Capital Markets does not offer clients ECN accounts, while City Index does offer clients ECN accounts.

Saxo Capital Markets Vs City Index Islamic Account

An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.

If you need a Islamic account check they are available with Saxo Capital Markets or City Index or alternative.

Saxo Capital Markets does not offer clients Islamic accounts, while City Index does not offer clients Islamic accounts.

Saxo Capital Markets 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 Saxo Capital Markets or City Index or alternative.

Both Saxo Capital Markets and City Index offer clients STP accounts.

Saxo Capital Markets 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.

Saxo Capital Markets does not offer clients Managed accounts, while City Index does offer clients Managed accounts.

Saxo Capital Markets Vs City Index Withdrawal and Funding Methods

Saxo Capital Markets and City Index have multiple deposit and withdrawal options. Funding and withdrawing from your Saxo Capital Markets and City Index accounts to your chosen payment method should be straightforward. Lets see how Saxo Capital Markets 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 Saxo Capital Markets or City Index.

Saxo Capital Markets Vs City Index Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of Saxo Capital Markets 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 Saxo Capital Markets and City Index support is always available when needed. Saxo Capital Markets and City Index customer support is not just useful. broker customer support is crucial to your trading success!

Saxo Capital Markets Vs City Index Live Chat

Live chat is important for several reasons. When you encounter a problem with Saxo Capital Markets 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.

Saxo Capital Markets do not offer livechat support. On the other hand City Index do offer livechat support.

Saxo Capital Markets Vs City Index Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either Saxo Capital Markets 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 Saxo Capital Markets or City Index support team to answer satisfactorily. Email support with Saxo Capital Markets and City Index will be needed.

Both Saxo Capital Markets and City Index offer email support.

Saxo Capital Markets 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 Saxo Capital Markets or City Index. We can get straight to the point, saving us time and frustration.

Saxo Capital Markets do not offer phone support. On the other hand City Index do offer phone support.

Lets see how Saxo Capital Markets and City Index customer support compare side by side.

Saxo Capital Markets 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 Saxo Capital Markets 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 Saxo Capital Markets or City Index have these in place, please be extremely cautious before you proceed with them.

We compare Saxo Capital Markets Vs City Index financial regulation and licensing side by side below.

Saxo Capital Markets Vs City Index Education Resources Compared

We compare Saxo Capital Markets and City Index educational resources below.

Saxo Capital Markets Vs City Index Risk Management Features

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

We compare side by side the trading risk management features offered by Saxo Capital Markets and City Index below.

Saxo Capital Markets 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.

Saxo Capital Markets does not offer clients hedging, while City Index does offer clients hedging.

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

Saxo Capital Markets 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 Saxo Capital Markets and City Index do offer clients limit orders.

Saxo Capital Markets 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 Saxo Capital Markets and City Index do offer clients negative balance protection.

Saxo Capital Markets Vs City Index Verdict

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

When choosing a broker like Saxo Capital Markets or City Index for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with Saxo Capital Markets 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 Saxo Capital Markets 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 Saxo Capital Markets or City Index.

Also, before you sign up with online brokers like Saxo Capital Markets 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 Saxo Capital Markets or City Index before investing money into something.

Beware of the risks that come with trading with Saxo Capital Markets or City Index. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all Saxo Capital Markets and City Index educational resources and financial research tools. If you are new to trading, sign up for a demo account with Saxo Capital Markets 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 Saxo Capital Markets 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 Saxo Capital Markets 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 Saxo Capital Markets or City Index if your investment strategy is more long-term.

Saxo Capital Markets and City Index Alternatives

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

Other Saxo Capital Markets and City Index Vs Comparisons

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

Saxo Capital Markets Vs Alternatives

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

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

City Index Vs Alternatives

Still not happy have a look at some of our alternative Saxo Capital Markets 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

Saxo Capital Markets Vs City Index Frequently Asked Questions

We answer some of the most frequently asked Saxo Capital Markets Vs City Index questions below.

Is Saxo Capital Markets any Good?

Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is Saxo Capital Markets legit? - Saxo Capital Markets are regulated by Financial Conduct Authority (FCA) (551422), FSA (Danish Financial Supervisory Authority) (1149), Australian Securities and Investments Commission (ASIC) (126373), Monetary Authority of Singapore (MAS) (DU231), Financial Services Agency of Japan (FSA Japan) (8010401052447), Swiss Financial Market Supervisory Authority (FINMA) (55037), Dubai Financial Services Authority (DFSA) (F003311), Hong Kong Securities and Futures Commission (SFC) (AYZ045), Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) (170025), South African Financial Sector Conduct Authority (FSCA) (43906) and have been in business since 2012

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 Saxo Capital Markets or City Index?

Saxo Capital Markets and City Index do not have a high rating, so we recommend trading with a more reputable alternative broker.

Is Saxo Capital Markets a con?

Saxo Capital Markets is regulated by Financial Conduct Authority (FCA) (551422), FSA (Danish Financial Supervisory Authority) (1149), Australian Securities and Investments Commission (ASIC) (126373), Monetary Authority of Singapore (MAS) (DU231), Financial Services Agency of Japan (FSA Japan) (8010401052447), Swiss Financial Market Supervisory Authority (FINMA) (55037), Dubai Financial Services Authority (DFSA) (F003311), Hong Kong Securities and Futures Commission (SFC) (AYZ045), Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) (170025), South African Financial Sector Conduct Authority (FSCA) (43906) and have been in business since 2012. Saxo Capital Markets 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 Saxo Capital Markets or City Index go bust?

Saxo Capital Markets and City Index are regulated, which means that as part of their regulatory obligations Saxo Capital Markets and City Index have to offer a certain level of financial protection to their clients. Saxo Capital Markets and City Index should by law keep client funds separate from Saxo Capital Markets and City Index funds. If either Saxo Capital Markets 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 Saxo Capital Markets and City Index websites and regulators.

Are Saxo Capital Markets or City Index good for beginners?

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