Home Brokers comparison eToro vs. City Index

eToro vs. City Index

38
0
Regal Wallet Banner

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 NameeToroCity Index
Year Founded20071983
RegulationFCA, ASIC, CySECFCA, ASIC, MAS
Tradable AssetsStock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants, Structured ProductsForex, CFDs
Min Deposit$200£50.00
Min Trade$0$0
PlatformsWeb, Social TradingWeb Trader, AT Pro, Mobile App, MetaTrader4
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree 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:  

  1. eToro is the leading social trading broker with secure platforms and trading tools. 
  1. City Index is a trustworthy online broker with valuable learning tools and competitive prices. 
  1. 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

FeatureeToro City Index
Overall44.5
Commissions & Fees43.5
Offering of Investments4.55
Platforms & Tools44.5
Mobile Trading44.5
Research44.5
Education44.5
Trust Score9393
WinnerYES
67% of retail CFD accounts lose money73% of retail CFD accounts lose money

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 $200, 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. 


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Previous articleeToro vs. FXCM
Next articleeToro vs. Forex.com
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

LEAVE A REPLY

Please enter your comment!
Please enter your name here