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City Index vs Eightcap 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of City Index vs Eightcap, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

City Index
5/5 Stars Overall
  • Minimum Deposit: £100.00
  • Trust Score: 99
  • Tradeable Symbols (Total): 13500
Eightcap
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 87
  • Tradeable Symbols (Total): 803

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

City Index vs Eightcap: City Index was founded in 1983 and is publicly traded, while Eightcap launched in 2009 and is not listed. Neither broker is a bank.

On regulation, City Index holds 7 Tier-1 licenses and 1 Tier-2 license; Eightcap holds 3 Tier-1 licenses and 1 Tier-2 license. According to ForexBrokers.com, City Index earns a Trust Score of 99 out of 99 (highly trusted: 90–99), whereas Eightcap scores 87 (trusted: 80–89). More Tier-1 licenses and a higher Trust Score generally signal stronger regulatory oversight and a higher level of trust.

Feature City Index logoCity Index
Eightcap logoEightcap
Year Founded info 1983 2009
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 7 3
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2

Fees

When comparing commissions and fees, City Index and Eightcap both sit near the industry average, but City Index has a slight edge on the flagship EUR/USD pair. City Index’s average spread is 0.74 pips (as of July 2023), while Eightcap’s commission-based Raw account works out to about 0.76 pips all-in after adding a $3.50 per-side commission to its listed 0.06-pip spread. For ratings, City Index earns 4.5 out of 5 stars and ranks #16 out of 63 for Commissions and Fees on ForexBrokers.com, while Eightcap scores 4 out of 5 stars and ranks #20 out of 63.

City Index pricing for CFDs, forex, and spread betting is in line with the market, with the best rates available on City Index’s own platforms or MetaTrader. Active traders may qualify for the Premium Trader account by depositing more than £10,000, unlocking exclusive pricing, events, content, and dedicated support. High-volume traders can also earn rebates: in the U.K., £4 per million above £25M in monthly volume up to £7.5 per million above £300M; in Australia, AUD $4.5 to AUD $14.5 per million across tiers.

Eightcap offers two account types across its regulated entities in Australia, the Bahamas, the U.K., and Cyprus. The Raw account is commission-based, with a listed 0.06-pip spread on EUR/USD plus a $3.50 per-side commission that brings the all-in cost to roughly 0.76 pips—slightly under the 0.8-pip industry average. The Standard account is spread-only and typically higher than Raw. Overall, Eightcap is competitively priced but still a touch above the very cheapest forex brokers.

Feature City Index logoCity Index
Eightcap logoEightcap
Minimum Deposit info £100.00 $100
Average spread (EUR/USD) - Standard account info 1.4 info 1.0 info
All-in Cost EUR/USD - Active info 0.9 info 0.76
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

City Index vs Eightcap: when it comes to range of investments, City Index offers far more choice, with 13,500 tradeable symbols versus Eightcap’s 803. City Index also lists 66 forex pairs compared with Eightcap’s 55. Both brokers support forex trading, offer copy trading, and let you trade cryptocurrency via CFDs; however, neither broker lets you buy actual cryptocurrency or purchase real shares on U.S. or international exchanges (only CFDs are available for those markets).

Independent ratings reflect this gap in variety: City Index earns 5 stars and ranks #8 out of 63 brokers for Range of Investments at ForexBrokers.com, while Eightcap holds 3.5 stars and ranks #29. In short, City Index suits traders who want a wide selection of markets, while Eightcap fits those who prefer a leaner list focused on popular forex pairs and CFD products.

Feature City Index logoCity Index
Eightcap logoEightcap
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 803
Forex Pairs (Total) info 66 55
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes info
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

City Index vs Eightcap: both offer free demo (paper) accounts, web-based and Windows desktop platforms, copy trading, and the ability to trade directly from charts. City Index adds a proprietary, in-house platform alongside MetaTrader 4 (MT4), but it does not support MetaTrader 5 (MT5). Eightcap does not have its own platform, yet it supports both MT4 and MT5, which can suit traders who want the newer MetaTrader features while keeping access to MT4.

For trading platforms and tools, City Index earns 4.5 out of 5 stars and ranks #11 out of 63 brokers at ForexBrokers.com, while Eightcap scores 4 stars and ranks #31. Choose City Index if you want a broker-built platform with MT4; pick Eightcap if MT5 access is a priority and you’re comfortable using third-party platforms.

Feature City Index logoCity Index
Eightcap logoEightcap
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes info
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
Charting - Indicators / Studies (Total) info 88 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

City Index and Eightcap both deliver full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, synced watchlists (so changes carry across devices), drawing tools like trendlines, and auto-saving your chart annotations—handy for reviewing setups on the go.

For charting depth, City Index offers 88 technical studies compared with Eightcap’s 30, giving City Index an edge for traders who value built-in analysis. That advantage is reflected in industry assessments: City Index earns 4.5/5 stars and ranks #9 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while Eightcap scores 4/5 stars and ranks #31. If you want more indicators out of the box, City Index stands out; if you just need the essentials with alerts and syncing, Eightcap still does the job.

Feature City Index logoCity Index
Eightcap logoEightcap
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 88 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

City Index and Eightcap both publish daily market commentary and include an economic calendar to track upcoming events. Each provides a sentiment tool showing the ratio of long vs. short positions. Where they differ: City Index delivers forex news from top-tier sources (such as Bloomberg, Reuters, or Dow Jones) and includes Trading Central for technical and fundamental ideas. Eightcap does not offer those, but it does integrate Acuity Trading (Signal Centre) for trade ideas. Neither broker offers Autochartist or TipRanks.

In independent testing, City Index earned 4.5/5 stars for Research and ranked #10 of 63 brokers at ForexBrokers.com, while Eightcap scored 3.5/5 and ranked #33. Choose City Index if you want premium news with Trading Central analytics alongside daily insights; pick Eightcap if you’re comfortable without premium news but value Acuity Trading signals plus daily commentary and sentiment data.

Feature City Index logoCity Index
Eightcap logoEightcap
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central info Yes No
Client sentiment data info Yes Yes
TipRanks info No No
Acuity Trading info No Yes
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

City Index and Eightcap both make it easy for beginners to start learning. Each offers a dedicated library of forex and CFD education with at least 10 pieces, plus ongoing client webinars held at least once a month. New traders will also find plenty of starter content at both brokers, with 10 or more beginner-friendly videos covering key trading topics.

City Index goes a step further with 10+ advanced videos for when you’re ready to level up, which helps explain its higher education score: 4.5 out of 5 stars and a #9 ranking out of 63 brokers on ForexBrokers.com. Eightcap, while strong for newcomers, lacks the same depth at the advanced level, earning 3.5 stars and a #31 ranking. If you want beginner lessons and regular webinars, both work well; if you want room to grow with more advanced study, City Index is the better fit.

Feature City Index logoCity Index
Eightcap logoEightcap
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that City Index is better than Eightcap. City Index finished with an overall rank of #8, while Eightcap finished with an overall rank of #30.

Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.

Feature City Index logoCity Index
Eightcap logoEightcap
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 87
Range of Investments 5/5 Stars 3.5/5 Stars
Trading Fees 4.5/5 Stars 4/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with City Index or Eightcap?

Neither City Index nor Eightcap supports purchasing actual delivered cryptocurrencies; both online brokers offer cryptocurrency CFDs for trading.

What funding options does each broker offer?

Comparing deposit and withdrawal methods, City Index offers ACH/SEPA, PayPal, and bank wires but not Skrill, while Eightcap offers PayPal, Skrill, and bank wires but not ACH/SEPA; Visa/Mastercard availability is not specified for either broker.

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Overall Rating City Index Eightcap
Overall Rating info 5/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 87
Winner check_circle
Review City Index Review Eightcap Review
Broker Screenshots City Index Eightcap
Broker Gallery (click to expand) info
City Index MetaTrader 4 mobile trading app City Index web platform trading. City Index web platform research Trading Central City Index educational course advanced.
Eightcap MT4 mobile app charts. Eightcap MT5 web. Eightcap economic calendar event detail. Eightcap Labs educational content learning academy.
Regulation City Index Eightcap
Trust Score info 99 87
Year Founded info 1983 2009
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 3
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) City Index Eightcap
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (FSA Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) City Index Eightcap
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info Yes Yes info
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments City Index Eightcap
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 803
Forex Pairs (Total) info 66 55
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes info
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost City Index Eightcap
Average spread (EUR/USD) - Standard account info 1.4 info 1.0 info
All-in Cost EUR/USD - Active info 0.9 info 0.76
Inactivity Fee info Yes No
Order execution: Agency info No Yes
Order execution: Market Maker info Yes Yes
Funding City Index Eightcap
Minimum Deposit info £100.00 $100
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms City Index Eightcap
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes info
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
Trading Tools City Index Eightcap
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 88 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading City Index Eightcap
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 88 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research City Index Eightcap
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central info Yes No
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education City Index Eightcap
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs City Index Eightcap
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review City Index Review Eightcap Review
Overall City Index Eightcap
Overall Rating info 5/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 87
Winner check_circle
Review City Index Review Eightcap Review
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