CityIndex VS Forex.com Trading Broker Comparison - FXDailyReport.com
CityIndex VS Forex.com Trading Broker Comparison - FXDailyReport.com |
| CityIndex VS Forex.com Trading Broker Comparison - FXDailyReport.com Posted: 29 Feb 2020 09:51 PM PST  Most of us rely on the trading brokers for reliable tips, guidance, and management of our trading needs as they have the required expertise and exposure to tap the market's potential and predict reliable prospects. However, not all trading brokers are the same or as competitive. Before committing our hard-earned capital to them, we need to determine their strengths, capability as well as how regulated they are. Below is a comparison of two of the most dependable forex trading providers and how they fare against each other in terms of their offerings, charges, security, and research. An overview of CityIndex Vs Forex.comCity Index  Spread: Starting 0 Pips Leverage: up to 500:1 Min Deposit: $100 Regulated: FCA UK, ASIC Australia, MAS Singapore
Forex.com  Spread: Starting 0 Pips Leverage: up to 400:1 Min Deposit: $50 Regulated: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA
FeesCity Index City Index has tighter spreads, and it does not charge any commissions. Their fee is quite low overall. There are no withdrawal charges, and no deposit fee are required. Also, you pay nothing for the account you maintain with City Index. If the account is inactive for more than a year, they do charge an inactivity fee of £12 a month. Forex.com Its charges are low, and it is known for providing fixed spreads. The spreads are not dependent on the uncertainness of liquidity or are mutable that vary over time. Forex.com charges an amount of $5 for each 100,000 lot as commission. Moreover, if the account balance is lower than $10,000 and if the account is dormant, an inactivity fee is charged. OfferingsCity Index
Forex.com
Trading PlatformCity Index
Forex.com
SecurityForex.com Regulated by the FCA United Kingdom, IIROC Canada, CTFC United States, and ASIC (Australia). In Asia, the Monetary Authority, Singapore, as well as FSA (Japan) govern its activities. CIMA also regulates Forex.com. City Index It is regulated by FCA United Kingdom, ASIC Australia, and MAS Singapore. Also, FCA UK regulation entails that the clients are protected up to a value of £50,000 per person. It meets stringent compliance standards in terms of financial reporting, releases, and corporate competence. Research ContentCity Index It offers daily market interpretation, auto charting, as well as foreign exchange news from reputed sources to provide the most recent updates. Forex.com Its trading platforms are equipped with several research and analysis tools, as well as real-time updates and news. It also provides visualization in the form of progressive charting and graphs. Customer SupportCity Index
Forex.com
Simple Forex.com vs CityIndex Comparison TableThe Verdict Both trading platforms are great when it comes to forex trading. Both have superior customer support as well as helpful and expert research content. Also, their analysis and visualization features are exemplary. Also, they offer a host of platforms such as desktop as well as web and mobile. However, Forex.com does offer a more extensive customer base and is more seasoned in terms of offering cryptocurrencies. However, City Index has lower charges. So, it kind of boils down to what features and preferences you are looking for in your forex broker.  |
| Global Forex Industry Goes Through Major Upheavals - CryptoVibes Posted: 24 Feb 2020 06:34 AM PST Last week brought some big surprises in the forex industry as OTA was sued in the US for a $370 million fraud. On the other hand, iSignthis made investments in NSX to help build an Australian version of NASDAQ. OTA faces a lawsuit in the USOnline Trading Academy (OTA), an investment training and education firm, is facing a lawsuit in the US for fraudulent collecting over $370 million from customers. According to the Federal Trade Commission (FTC), the entity and it's representative misrepresented some facts about their business for six years. The earnings claims made by the employees of the business were either unsubstantiated or false.
 Former Israeli intelligence officer Eyal Shachar ran the California-based company, which provides interactive workshops and training on the stock market and currency market investing. The FTC accused the business of charging exuberantly high rates for providing useless knowledge to the customers. The company's 120 instructors would go on to tell students, many of whom were retirement-age, about how investing like Wall Street pros, regardless of their existing financial knowledge or background. They also fooled customers into believing that there is a patented strategy that they can follow to find low-risk, high potential opportunities for investing. The fee was as high as $50,000 per class and promised customers to generate substantial returns on their investment. iSignthis's new investments in NSXAustralian exchange operator NSX Limited recently received a 12.96% strategic investment from iSignthis Ltd. The move will help the company emerge as a direct competition to the Australian Stock Exchange (ASX). The company aims to create a NASDAQ-like exchange in Australia as well. Interestingly, NSX and iSignthis have entered a Shareholders Agreement to create a new joint venture vehicle ClearPay Pty Ltd which will use blockchain technology. The DLT will be used for integrated into Paydentity and ISXPay of iSignthis. However, cryptocurrency exchanges that trade digital assets based on blockchain technology are facing tough times around the globe. Recently, two Brazilian crypto exchanges Acesso and Latoex ceased their operations because of new tax laws and low trading volumes.  |
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