Page Summary
eToro and City Index are leading online brokers. Both offer helpful social trading tools for traders of all levels of experience. eToro has superior social trading and market research tools. It offers a transparent fee structure and active trading discounts. eToro has licenses from the FCA, ASIC, and CySEC. It is a top choice for experienced investors, as it has limited learning tools.
| Broker Name | eToro | City Index |
|---|---|---|
| Year Founded | 2007 | 1983 |
| Regulation | FCA, ASIC, CySEC | FCA, ASIC, MAS |
| Tradable Assets | Stock, ETF, Forex, Futures, CFD, Crypto | Forex, CFDs |
| Min Deposit | $100 | £50.00 |
| Min Trade | $10 | $0 |
| Platforms | Web, Social Trading | Web Trader, AT Pro, Mobile App, MetaTrader4 |
| Deposit | Free of charge | Free of charge |
| Withdrawals | $5 | Free of charge |
City Index offers an impressive copy trading experience and low-cost trading fees. It has well-designed platforms and learning tools. City Index has licenses from the MAS, ASIC, and FCA. We recommend it for new traders, as it offers reliable educational materials.
This article discusses the advantages and disadvantages of eToro and City Index.
Top findings from the eToro vs. City Index review:
- eToro is the leading social trading broker with secure platforms and trading tools.
- City Index is a trustworthy online broker with valuable learning tools and competitive prices.
- Both brokers offer an active trader discount and a demo account.
eToro is a top choice for advanced traders, as it provides access to the best social trading tools in the industry. We recommend City Index to traders of all experience levels because of its helpful research and learning tools.
Overall Rating
| Feature | eToro | City Index |
|---|---|---|
| Overall | 4 | 4.5 |
| Commissions & Fees | 4 | 3.5 |
| Offering of Investments | 4.5 | 5 |
| Platforms & Tools | 4 | 4.5 |
| Mobile Trading | 4 | 4.5 |
| Research | 4 | 4.5 |
| Education | 4 | 4.5 |
| Trust Score | 93 | 93 |
| Winner | YES |
Level of experience
eToro is a well-established and safe social trading broker. It offers valuable research tools, including market commentary, social sentiment, and an economic calendar. eToro has limited learning tools, which is why we recommend it for professional traders.
City Index is a beginner-friendly online broker with straightforward platforms. It offers high-quality market research and news. City Index has a reliable learning center with beginner trading videos and webinars. We recommend it for traders of all levels of experience who want to improve their trading skills.
Fees
The initial deposit fee at eToro is $100, while at City Index is £50.00. The average EUR/USD spread at eToro is 1, while at City Index is 1.1. Both brokers follow a transparent fee structure and offer an active trader discount.
Assets
City Index has 65 forex currency pairs, while eToro offers 47 pairs. City Index provides access to 4500 CFDs, while eToro has 2314 available CFDs.
Trading platform
eToro offers a broad range of trading solutions focused on social trading. It has a dedicated research center with useful social trading information. eToro has a demo account and an excellent mobile app. It is a top choice for advanced traders as it offers limited educational data.
City Index has two proprietary platforms and access to MT4. Its AT Pro and Web Trader provide professional forex trading experiences. City Index has many user-friendly tools, including a reliable mobile app. It is a top choice for new traders because of its comprehensive learning tools.
Banking services
Banking services contribute to a smooth online trading experience. eToro offers bank transfers, credit/debit cards, PayPal, and Skrill. City Index has bank transfers, credit/debit cards, and PayPal funding options.
Final verdict
eToro and City Index are leading online brokers. Both have strengths and weaknesses, depending on your needs and trading experience. We recommend eToro to professional traders because of its premium social trading tools. City Index is a good fit for beginners, as it has many learning and research tools.
eToro compared to other brokers:
Disclaimer:
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.