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City Index vs eToro 2019
Is City Index better than eToro? After grading forex brokers on nearly 100 different variables, City Index is better than eToro. Beyond its extensive range of products, multi-asset traders can confidently choose City Index for competitive spreads, premium research tools, and versatile charting including mobile, all under the backing of GAIN Capital, which is one of the largest retail brokers globally.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | City Index | eToro |
| Overall | ||
| City Index Review | eToro Review | |
| 70% of retail CFD accounts lose money | 66% of retail CFD accounts lose money |
Regulation
| Feature | City Index | eToro |
| Trust Score | ||
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Year Founded |
1983 | 2007 |
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Publicly Traded (Listed) |
Yes | No |
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Bank |
No | No |
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Tier-1 Licenses |
6 | 2 |
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Tier-2 Licenses |
0 | 1 |
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Tier-3 Licenses |
0 | 0 |
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Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | City Index | eToro |
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ASIC Authorised (Australia) |
Yes | Yes |
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IIROC Authorised (Canada) |
Yes | No |
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SFC Authorised (Hong Kong) |
Yes | No |
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FSA Authorised (Japan) |
Yes | No |
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MAS Authorised (Singapore) |
Yes | No |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
Yes | Yes |
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CFTC Registered (USA) |
No | Yes |
Tier-2 Licenses
| Feature | City Index | eToro |
|
CBRC Authorised (China) |
No | No |
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CySEC Authorised (Cyprus) |
No | Yes |
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ISA Authorised (Israel) |
No | No |
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FMA Authorised (New Zealand) |
No | No |
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CBR Authorised (Russia) |
No | No |
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FSB Authorised (South Africa) |
No | No |
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SEC Authorised (Thailand) |
No | No |
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DFSA / Central Bank Authorised (UAE) |
No | No |
Tier-3 Licenses
| Feature | City Index | eToro |
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FSC Authorised (British Virgin Islands) |
No | No |
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FSC Authorised (Mauritius) |
No | No |
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Offshore Authorised |
No | No |
Investments
| Feature | City Index | eToro |
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Forex: Spot Trading |
Yes | Yes |
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Currency Pairs (Total Forex pairs) |
84 | 47 |
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CFDs - Total Offered |
4500 | 1449 |
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Cryptocurrency traded as actual |
No | Yes |
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Cryptocurrency traded as CFD |
Yes | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | City Index | eToro |
|
Average Spread EUR/USD - Standard |
0.77 (as of Q3 2018) | 3 (as of May 19) |
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All-in Cost EUR/USD - Active |
0.77 (as of Q3 2018) | N/A |
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Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | City Index | eToro |
|
Minimum Initial Deposit |
£100.00 | $200 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
No | Yes |
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Skrill (Deposit/Withdraw) |
No | Yes |
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UnionPay (Deposit/Withdraw) |
No | No |
Trading Platforms
| Feature | City Index | eToro |
|
Proprietary Platform |
Yes | Yes |
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Desktop Platform (Windows) |
Yes | No |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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MetaTrader 4 (MT4) |
Yes | No |
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MetaTrader 5 (MT5) |
No | No |
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cTrader |
No | No |
Trading Tools
| Feature | City Index | eToro |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
18 | 6 |
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Charting - Indicators / Studies (Total) |
139 | 67 |
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Charting - Drawing Tools (Total) |
25 | 14 |
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Charting - Trade From Chart |
Yes | No |
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Charting - Drawings Autosave |
Yes | Yes |
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Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | City Index | eToro |
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Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Trading - Forex |
Yes | Yes |
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Trading - CFDs |
Yes | Yes |
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Alerts - Basic Fields |
Yes | No |
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Watch List |
Yes | Yes |
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Watch List Syncing |
Yes | Yes |
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Charting - Indicators / Studies |
7 | 5 |
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Charting - Draw Trend Lines |
Yes | No |
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Charting - Trend Lines Moveable |
No | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
No | No |
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Forex Calendar |
Yes | No |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | City Index | eToro |
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Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | No |
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Weekly Webinars |
No | No |
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AutoChartist |
Yes | No |
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Trading Central (Recognia) |
Yes | No |
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Delkos Research |
No | No |
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Social Trading / Copy-Trading |
Yes | Yes |
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Social Sentiment - Currency Pairs |
No | Yes |
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Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | City Index | eToro |
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Has Education - Forex |
Yes | Yes |
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Has Education - CFDs |
Yes | No |
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Client Webinars |
Yes | Yes |
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Client Webinars (Archived) |
Yes | No |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | Yes |
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Investor Dictionary (Glossary) |
Yes | Yes |
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Tutorials/Guide (PDF or Interactive) |
Yes | No |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | City Index | eToro |
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GBPUSD (or USDGBP) |
Yes | Yes |
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USDJPY (or JPYUSD) |
Yes | Yes |
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EURUSD (or USDEUR) |
Yes | Yes |
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USDCHF (or CHFUSD) |
Yes | Yes |
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USDCAD (or CADUSD) |
Yes | Yes |
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NZDUSD (or USDNZD) |
Yes | Yes |
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AUDUSD (or USDAUD) |
Yes | Yes |
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USDCNH (or CNHUSD) |
No | Yes |
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USDSGD (or SGDUSD) |
Yes | Yes |
Overall
| Feature | City Index | eToro |
| City Index Review | eToro Review | |
| Overall | ||
| Winner | check_circle |
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare City Index vs eToro.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. City Index is a better option with a 4.50 star rating over eToro's 3.50 star rating.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. City Index and eToro both are regulated in a major hub. City Index is a publicly traded company, eToro isn't. How many currency pairs are available to trade? City Index offers its clients access to 84 different currency pairs while eToro has 47 available pairs, a difference of 37.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. City Index makes Meta Trader available to clients, while eToro does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. City Index offers its clients access to 25 charting tools while eToro has 14 charting tools, a difference of 11. eToro trails City Index by 72 total different indicators (for example, moving averages), with City Index offering 139 and eToro offering 67.
City Index Review
eToro Review
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. City Index is a better option with a 4.50 star rating over eToro's 3.50 star rating.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. City Index and eToro both are regulated in a major hub. City Index is a publicly traded company, eToro isn't. How many currency pairs are available to trade? City Index offers its clients access to 84 different currency pairs while eToro has 47 available pairs, a difference of 37.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. City Index makes Meta Trader available to clients, while eToro does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. City Index offers its clients access to 25 charting tools while eToro has 14 charting tools, a difference of 11. eToro trails City Index by 72 total different indicators (for example, moving averages), with City Index offering 139 and eToro offering 67.
City Index Review
eToro Review
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
