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City Index vs TD Ameritrade FX 2019
Is City Index better than TD Ameritrade FX? After assessing forex brokers on nearly 100 different variables, TD Ameritrade FX is better than City Index. For US-based investors and traders, TD Ameritrade’s thinkorswim platform is a sophisticated multi-asset desktop experience optimized for securities trading, including off-exchange spot forex and exchange-traded options and futures (including Bitcoin).
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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| Open Account |
Overall Rating
| Feature | City Index | TD Ameritrade FX |
| Overall | ||
| City Index Review | TD Ameritrade FX Review | |
| 70% of retail CFD accounts lose money | N/A of retail CFD accounts lose money |
Regulation
| Feature | City Index | TD Ameritrade FX |
| Trust Score | ||
|
Year Founded |
1983 | 1955 |
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Publicly Traded (Listed) |
Yes | Yes |
|
Bank |
No | Yes |
|
Tier-1 Licenses |
6 | 5 |
|
Tier-2 Licenses |
0 | 0 |
|
Tier-3 Licenses |
0 | 0 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | City Index | TD Ameritrade FX |
|
ASIC Authorised (Australia) |
Yes | No |
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IIROC Authorised (Canada) |
Yes | No |
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SFC Authorised (Hong Kong) |
Yes | Yes |
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FSA Authorised (Japan) |
Yes | No |
|
MAS Authorised (Singapore) |
Yes | Yes |
|
FINMA Authorised (Switzerland) |
No | No |
|
FCA Authorised (UK) |
Yes | Yes |
|
CFTC Registered (USA) |
No | Yes |
Tier-2 Licenses
| Feature | City Index | TD Ameritrade FX |
|
CBRC Authorised (China) |
No | No |
|
CySEC Authorised (Cyprus) |
No | No |
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ISA Authorised (Israel) |
No | No |
|
FMA Authorised (New Zealand) |
No | No |
|
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 | TD Ameritrade FX |
|
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 | TD Ameritrade FX |
|
Forex: Spot Trading |
Yes | Yes |
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Currency Pairs (Total Forex pairs) |
84 | 75 |
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CFDs - Total Offered |
4500 | 0 |
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Cryptocurrency traded as actual |
No | No |
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Cryptocurrency traded as CFD |
Yes | No |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | City Index | TD Ameritrade FX |
|
Average Spread EUR/USD - Standard |
0.77 (as of Q3 2018) | N/A |
|
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 | TD Ameritrade FX |
|
Minimum Initial Deposit |
£100.00 | $0.00 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
Yes | No |
|
PayPal (Deposit/Withdraw) |
No | No |
|
Skrill (Deposit/Withdraw) |
No | No |
|
UnionPay (Deposit/Withdraw) |
No | No |
Trading Platforms
| Feature | City Index | TD Ameritrade FX |
|
Proprietary Platform |
Yes | Yes |
|
Desktop Platform (Windows) |
Yes | Yes |
|
Web Platform |
Yes | No |
|
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 | TD Ameritrade FX |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
18 | 506 |
|
Charting - Indicators / Studies (Total) |
139 | 403 |
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Charting - Drawing Tools (Total) |
25 | 20 |
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Charting - Trade From Chart |
Yes | Yes |
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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 | TD Ameritrade FX |
|
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 | No |
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Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
|
Watch List Syncing |
Yes | Yes |
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Charting - Indicators / Studies |
7 | 397 |
|
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 | Yes |
|
Forex Calendar |
Yes | Yes |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | City Index | TD Ameritrade FX |
|
Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | Yes |
|
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 | No |
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Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | City Index | TD Ameritrade FX |
|
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 | No |
|
Investor Dictionary (Glossary) |
Yes | Yes |
|
Tutorials/Guide (PDF or Interactive) |
Yes | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | City Index | TD Ameritrade FX |
|
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 | No |
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USDSGD (or SGDUSD) |
Yes | No |
Overall
| Feature | City Index | TD Ameritrade FX |
| City Index Review | TD Ameritrade FX Review | |
| Overall | ||
| Winner | check_circle |
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare City Index vs TD Ameritrade FX.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. City Index is a better option with a 4.50 star rating over TD Ameritrade FX's 4.00 star rating.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. City Index and TD Ameritrade FX both are regulated in a major hub. Both City Index and TD Ameritrade FX are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. City Index boasts an offering of 84 different currency pairs compared to TD Ameritrade FX's 75 available pairs.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. City Index makes Meta Trader available to clients, while TD Ameritrade FX does not. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. TD Ameritrade FX trails City Index by 5 total charting tools, with City Index offering 25 and TD Ameritrade FX offering 20. TD Ameritrade FX boasts an offering of 403 different indicators (for example, moving averages) compared to City Index's 139 available indicators.
City Index Review
TD Ameritrade FX Review
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. City Index is a better option with a 4.50 star rating over TD Ameritrade FX's 4.00 star rating.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. City Index and TD Ameritrade FX both are regulated in a major hub. Both City Index and TD Ameritrade FX are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. City Index boasts an offering of 84 different currency pairs compared to TD Ameritrade FX's 75 available pairs.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. City Index makes Meta Trader available to clients, while TD Ameritrade FX does not. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. TD Ameritrade FX trails City Index by 5 total charting tools, with City Index offering 25 and TD Ameritrade FX offering 20. TD Ameritrade FX boasts an offering of 403 different indicators (for example, moving averages) compared to City Index's 139 available indicators.
City Index Review
TD Ameritrade FX 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.
