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.
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure
TD Ameritrade vs City Index 2021
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.
|
|
|
|
Get up to $600 + Trade Commission-Free for 60 Days Visit Site
|
||
| Visit Site > |
Overall Rating
| Feature | TD Ameritrade | City Index |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| 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 | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| 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
Read Next: Best Forex Brokers 2021
Related Comparisons
- City Index vs. CMC Markets
- City Index vs. IG
- City Index vs. Saxo Bank
- TD Ameritrade vs. FOREX.com
- TD Ameritrade vs. IG
- TD Ameritrade vs. OANDA
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.
