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TD Ameritrade vs City Index 2021

Is City Index better than TD Ameritrade? After testing 27 of the best forex brokers over five months, TD Ameritrade is better than TD Ameritrade. With over 70 currency pairs to trade alongside a plethora of tools, research, and education, TD Ameritrade's thinkorswim platform provides US-based forex traders the ultimate trading technology experience.


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 TD Ameritrade City Index
Overall 4.5 4.5
Commissions & Fees 3.5 3.5
Offering of Investments 4.5 5
Platforms & Tools 4.5 4.5
Mobile Trading 4.5 4.5
Research 4.5 4.5
Education 4 4.5
Trust Score 98 93
TD Ameritrade Review City Index Review
Winner check_circle
N/A of retail CFD accounts lose money 73% of retail CFD accounts lose money

Regulation

Feature TD Ameritrade City Index
Trust Score 98 93
Year Founded
1955 1983
Publicly Traded (Listed)
Yes Yes
Bank
Yes No
Tier-1 Licenses
5 3
Tier-2 Licenses
0 0
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

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

Investments

Feature TD Ameritrade City Index
Forex Trading
Yes Yes
CFDs (Total)
0 4500
Forex Pairs (Total)
73 65
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
No Yes
Social Trading / Copy-Trading
Yes Yes

Cost

Feature TD Ameritrade City Index
Average Spread EUR/USD - Standard
1.065 pips (Sep 2019) 1.1 (Aug 2020)
All-in Cost EUR/USD - Active
1.065 pips (Sep 2019) 1.1 (Aug 2020)
Active Trader or VIP Discounts
Yes Yes

Funding

Feature TD Ameritrade City Index
Minimum Initial Deposit
$0.00 £50.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
No No

Trading Platforms

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

Trading Tools

Feature TD Ameritrade City Index
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
548 18
Charting - Indicators / Studies (Total)
382 139
Charting - Drawing Tools (Total)
20 25
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature TD Ameritrade City Index
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
348 88
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes Yes

Research

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

Education

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

Major Forex Pairs

Feature TD Ameritrade City Index
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 TD Ameritrade City Index
Overall 4.5 4.5
Commissions & Fees 3.5 3.5
Offering of Investments 4.5 5
Platforms & Tools 4.5 4.5
Mobile Trading 4.5 4.5
Research 4.5 4.5
Education 4 4.5
Trust Score 98 93
TD Ameritrade Review City Index 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 TD Ameritrade.

Does City Index or TD Ameritrade 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, City Index offers better pricing overall for traders.

Is City Index or TD Ameritrade 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. TD Ameritrade holds 5 global Tier-1 licenses, while City Index holds 3. Both City Index and TD Ameritrade hold 0 global Tier-2 licenses. All regulators considered, TD Ameritrade has a Trust Score of 98.00, while City Index's Trust Score is 93.00.

Which trading platform is better: City Index or TD Ameritrade?
To compare the trading platforms of both City Index and TD Ameritrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TD Ameritrade offers a better experience. With research, City Index offers superior market research. Finally, we found TD Ameritrade 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 TD Ameritrade both offer copy trading. City Index offers MetaTrader 4 (MT4), while TD Ameritrade does not.

How many forex pairs and CFDs are available to trade?
TD Ameritrade provides traders 73 currency pairs (e.g., EUR/USD) compared to City Index's 65 available pairs. Forex pairs aside, City Index offers traders access to 4500 CFDs while TD Ameritrade has 0 available CFDs, a difference of 4,500.

Overall winner: TD Ameritrade

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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.

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