ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

City Index vs eToro 2021

Is City Index better than eToro? After testing 27 of the best forex brokers over five months, City Index is better than eToro. Backed by GAIN Capital, City Index is a trusted brand that traders choose for its advanced trading platforms, excellent mobile app, diverse market research, education, and extensive range of markets.


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.

Overall Rating

Feature City Index eToro
Overall 4.5 4
Commissions & Fees 3.5 4
Offering of Investments 5 4.5
Platforms & Tools 4.5 4
Mobile Trading 4.5 4
Research 4.5 4
Education 4.5 4
Trust Score 93 91
City Index Review eToro Review
Winner check_circle
73% of retail CFD accounts lose money 75% of retail CFD accounts lose money

Regulation

Feature City Index eToro
Trust Score 93 91
Year Founded
1983 2007
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
3 2
Tier-2 Licenses
0 1
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature City Index eToro
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature City Index eToro
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
65 47
CFDs - Total Offered
4500 2314
Cryptocurrency traded as actual
No Yes
Cryptocurrency traded as CFD
Yes Yes

Cost

Feature City Index eToro
Average Spread EUR/USD - Standard
1.1 (Aug 2020) 1 (August 2020)
All-in Cost EUR/USD - Active
1.1 (Aug 2020) N/A
Active Trader or VIP Discounts
Yes Yes

Funding

Feature City Index eToro
Minimum Initial Deposit
£50.00 $200
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature City Index eToro
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes No
MetaTrader 5 (MT5)
No No
cTrader
No No
DupliTrade
No No
ZuluTrade
No No

Trading Tools

Feature City Index eToro
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
18 6
Charting - Indicators / Studies (Total)
139 66
Charting - Drawing Tools (Total)
25 13
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature City Index eToro
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
88 5
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No

Research

Feature City Index eToro
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes No
Weekly Webinars
No No
AutoChartist
No No
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature City Index eToro
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature City Index eToro
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature City Index eToro
Overall 4.5 4
Commissions & Fees 3.5 4
Offering of Investments 5 4.5
Platforms & Tools 4.5 4
Mobile Trading 4.5 4
Research 4.5 4
Education 4.5 4
Trust Score 93 91
City Index Review eToro Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare City Index vs eToro.

Does City Index or eToro offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, eToro offers better pricing overall for traders.

Is City Index or eToro safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. City Index holds 3 global Tier-1 licenses, while eToro holds 2. eToro holds 1 global Tier-2 licenses, while City Index holds 0. All regulators considered, City Index has a Trust Score of 93.00, while eToro's Trust Score is 91.00.

Which trading platform is better: City Index or eToro?
To compare the trading platforms of both City Index and eToro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, City Index offers a better experience. With research, City Index offers superior market research. Finally, we found City Index to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. City Index and eToro both offer copy trading. City Index offers MetaTrader 4 (MT4), while eToro does not.

How many forex pairs and CFDs are available to trade?
City Index provides traders 65 currency pairs (e.g., EUR/USD) compared to eToro's 47 available pairs. Forex pairs aside, City Index offers traders access to 4500 CFDs while eToro has 2314 available CFDs, a difference of 2,186.

Overall winner: City Index

Read Next: Best Forex Brokers 2021

Related Comparisons

Trading CFDs, FX, and cryptocurrencies involve 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 website as of 12/14/2020 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.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

arrow_drop_upBack to top